Overcapacity looms as ship orders hit record high A RENEWED ordering binge by container lines has seen as much tonnage ordered in the last six months as the whole of 2006. But the record orderbook calls into question the optimism of carriers, with some industry observers wondering whether overcapacity will bite them in the stern.
Crude oil freight routes close to year's lows The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse.
SapuraCrest to increase deepwater capability Oil and gas services provider SapuraCrest Petroleum Bhd will invest up to A$50 million (S$65 million) to increase its deepwater-capable remote-operated vehicles from nine to 15.
DP World lists US$3.25b of bonds on Dubai exchange
Strait Talk
Timing is important, but so is manpower HOW to make money by owning LPG carriers is the main motive for buying and reading a new report by UK-based Ocean Shipping Consultants (OSC). For the shipowner and potential shipowner readers of this column, this comprehensive report highlights the importance of getting the timing right when ordering LPG carrier newbuildings and buying second-hand tonnage.
Overcapacity looms as ship orders hit record high A RENEWED ordering binge by container lines has seen as much tonnage ordered in the last six months as the whole of 2006. But the record orderbook calls into question the optimism of carriers, with some industry observers wondering whether overcapacity will bite them in the stern.
Crude oil freight routes close to year's lows The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse.
SapuraCrest to increase deepwater capability Oil and gas services provider SapuraCrest Petroleum Bhd will invest up to A$50 million (S$65 million) to increase its deepwater-capable remote-operated vehicles from nine to 15.
DP World lists US$3.25b of bonds on Dubai exchange
Strait Talk
Timing is important, but so is manpower HOW to make money by owning LPG carriers is the main motive for buying and reading a new report by UK-based Ocean Shipping Consultants (OSC). For the shipowner and potential shipowner readers of this column, this comprehensive report highlights the importance of getting the timing right when ordering LPG carrier newbuildings and buying second-hand tonnage.
Nakilat eyes Islamic finance market COMPANY mulls tapping into Islamic finance market as part of next multi-billion funding programme to raise $2.5bn-$3bn.
Nakilat and Keppel up repair stakes with Qatar yard
South Korean yards face manpower crisis REPORT says worker shortfall would be as much as 15,000 able bodies over the next few years.
NOL shares hit all time high SHARES in Neptune Orient Lines hit all time high of S$6.20 backed by an expected improvement in earnings.
Hong Kong looks forward - not back TEN years after rule reverted to China, Hong Kong is moving forward in a way that reflects growing confidence.
Doing the job is best THE key to ensuring seafarers get the best out of their training is to strike a balance between theory and time at sea.
VTS cancellation is 'no risk' The decision to implement a traffic routeing scheme for the northern approaches to the River Thames with effect from 0001 on 1 July without VTS coverage does not appear to have worried the UK's Maritime & Coastguard Agency
The $91M articulated tug-barge US Shipping Partners' just-delivered articulated tug-barge newbuilding is one of the most expensive ATBs ever constructed
Jim Fitzpatrick speaks for shipping UK shipping minister Dr Stephen Ladyman has been replaced by Jim Fitzpatrick MP, a former firefighter in London and keen football fan
Eurotunnel to revise freight train fees EUROTUNNEL is to introduce lower tariffs for freight trains transiting the Channel tunnel in a bid to revive the flagging freight traffic volumes
CalMac rival calls for 'open seas' A Scottish ferry operator has called on the government to introduce an 'open seas' policy for the 25 subsidised western routes operated by CalMac
USCG probes Aframax grounding COAST Guard investigators are today probing the weekend grounding of American Eagle Tankers' Eagle Otome
Pasha Bulker freed from the beach Svitzer Salvage had the necessary luck yesterday working on the stranded bulk carrier Pasha Bulker off Newcastle N.S.W., Australia. They ...
Concordia and Total sign P-MAX carriers Concordia Maritime and Total has signed charter for three P-MAX carriers. Stena Progress, to be delivered from Brodosplit toward ...
Another executive leave Maersk Line Another executive officer from Maersk Line is leaving his position after the change of management. It is Vagn Lehd Møller ...
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