Asian Aframax rates hit 18-month low Asian rates for tankers that can carry 80,000 tonnes of oil dropped to the lowest in 18 months on a lack of fuel oil cargoes from the Middle East and holidays in China and India.
Yacht buyers' flight of fancy Massimo Vilardi, an executive with Eurocopter, came to this year's Monaco yacht show to sell helicopters.
Strait Talk
When the poor subsidise the rich REPRESENTATIVES at the International Bargaining Forum (IBF) meeting in London last week agreed on a pay and conditions deal for open registry vessels covered by the forum. The official statement put out at the the end said: 'The delegates reported that it had been a particularly difficult and challenging series of meetings, starting in Sydney in May and proceeding via Tokyo and Pusan to end in London.'
Asian Aframax rates hit 18-month low Asian rates for tankers that can carry 80,000 tonnes of oil dropped to the lowest in 18 months on a lack of fuel oil cargoes from the Middle East and holidays in China and India.
Yacht buyers' flight of fancy Massimo Vilardi, an executive with Eurocopter, came to this year's Monaco yacht show to sell helicopters.
Strait Talk
When the poor subsidise the rich REPRESENTATIVES at the International Bargaining Forum (IBF) meeting in London last week agreed on a pay and conditions deal for open registry vessels covered by the forum. The official statement put out at the the end said: 'The delegates reported that it had been a particularly difficult and challenging series of meetings, starting in Sydney in May and proceeding via Tokyo and Pusan to end in London.'
Intercargo issues Panama with standards warning INTERCARGO report on bulk carrier benchmarking reveals Panamanian flag as having more losses than any other.
Panama takes urgent measures
China to unveil new vessel funding scheme NEW rules about unfinished ship mortgages will provide financing option for smaller private yards.
Salvesen recommends takeover bid from GND UK logistics operator is recommending a £254m takeover bid from French transport firm.
Smaller engines show their might LOWER emission and fuel consumption levels are some of the advantages of more efficient marine propulsion systems.
Radiating good sense THE US law that proposes 100% scanning of all inbound containers is getting more flak.
Another big payout for Fredriksen Frontline's sale of its stake in Dockwise has netted it $157M, which will be given to shareholders in an extraordinary dividend
Sleaze sinks Jadeport tender GOVERNMENT and opposition parties in Lower Saxony have ordered a special audit into the construction tender for the planned 2.7M TEU JadeWeserPort at Wilhelmshaven
CTI seizes CNAN subsidiary CTI GROUP of Jordan has snatched control of International Bulk Carrier, a wholly owned subsidiary of Companie Nationale Algerienne de Navigation
Safety management blamed for hijack A DANISH union says lax safety procedures led to three Danish seamen being taken hostage by Somali pirates, and is claiming $1.8M compensation from the ship's owner
Jurong to build yard in Brazil JURONG Shipyard has set up a joint venture to build a new shipyard at Rio Grande, in the far south of Brazil
Industry concerned whether new port terminal owners will invest in upgrades Industry wonders whether buyers of U.S. terminals will make necessary spending to handle increasing cargo traffic.
Chertoff criticized by Thompson over TWIC delays
Torrijos boosts Panama plan
U.S. unveils program for India high-tech exports
Homeland Security contracts for new radiation detectors
Court stays decision on truckers' driving hours
Bush asks Senate to ratify IMO anti-terror treaties
Panama Canal tops marks
Judge tosses NVO claims
Fuel fee hike for Northwest
UPS offers paperless international shipping invoice
Bush pushes SUA protocol US president asks the Senate to ratify International Maritime Organization protocols on terrorism against ships and platforms.
Canal sets cargo record The Panama Canal closed the book on the fiscal year with 300 million tonnes in cargo passing through its waters.
Justices nix Carnival case The US Supreme Court declines to hear a case against Carnival Corp over alleged malpractice by a cruise physician.
Half of Attica sold Marfin Investment Group has reportedly purchased half of Greek ferry owner Attica Group.
Bergsland sets record straight JB Ugland will not sell off its fleet or be floated on the Oslo stock exchange its managing director has stressed.
LNG worries blow up Nordic shipowners alarmed by threat that hazardous cargo convention may be abandoned or revised.
Shareholders get cash As Frontline sells its shares in Dockwise, its board decides to shell out a $1.75 dividend.
Carroll takes the lead Property magnate becomes ICG's largest shareholder as he ups stake to 25.3%.
Early delivery lifts Genco Shipping analysts increase Genco Shipping and Trading's earnings forecast after the New York bulker owner takes early delivery of the Genco London.
Fisher tools up UK tanker and marine services group buys Aberdeen oil extraction equipment business Pumptools.
In suit, Tiger not precious Precious Shipping takes on Sunwoo Merchant Marine, through charterer Tiger International Line, in a lawsuit for a cool $8.5m.
Ugland taking stock Norway's JB Ugland Holding is considering whether to float or sell its ships, press reports claim.
Bunker player adds tanker Russia's Tranzit DV snaps up 1982-built ship for operations in Kamchatka.
Reach for the stars Asia Pacific cruise owner hints at further departures following completion of sale and charter back deal.
Ship faces Finnish slick questions Police in Turku to question captain and chief engineer of Germany vessel after oil spill reportedly spotted.
Transatlantic firms up options Swedish owner doubles anchor-handler order at Astilleros Zamakona in Spain.
Vitaco to float Another Vietnamese tanker company sets sail for Ho Chi Minh stock exchange.
Fredriksen sells Dockwise Frontline has sold its share in heavy-lift giant before it completes its first full day of trading.
Pickets create $100m jam Striking Kiwi workers create major hold-up for Ports of Auckland.
Transfennica heads to Spain New ro-ro service launched from Belgium to Bilbao with chartered-in vessel.
Navy pays for VLCC collision US to compensate K Line for clash involving submarine and tanker in the Arabian Sea.
Ferry captain stumped by injuries Master of Leif Ericson remained unaware for some time of passengers taken ill during evacuation exercise.
Sembcorp back in Brazil Singapore shipbuilder forms joint venture to operate second shipyard for South American offshore sector.
No worries for tankers Ships warned away from volcanic eruption on Yemen island, but oil shipments unaffected.
Alaska ferry rescues boater Chenega picks up stranded man in Prince William Sound.
Philippine ferry grounds Crew and passengers safe as SRN Fastcrafts vessel stuck in mud after storm off Iloilo.
Clipper buys another cruise vessel Danish Clipper Group has added another cruise vessel to its owned fleet. The latest purchase is the Superstar Gemini, which was sold by Star Cruises. Superstar Gemini, built 1992, remains on bareboatcharter to Star Cruises at least until December 2008 ...
100 container giants ordered in five months In the last five months 100 very large container ships with a capacity of 12,500 to 13,500 TEU has been ordered, according to AXS-Alphaliner. All these vessels are on order in Korea and will be delivered in 2010 to ...
Dockwise ready or full OSE listing Norwegian controlled, but Dutch operated heavylift expert Dockwise is ready for a full listing on the Oslo Stock Exchange (OSE). In the process the company aim to issue 18.4 million new shares at NOK 25.00 per share. Tuesday ...
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