Hyundai Heavy's profit more than doubles in Q3 Hyundai Heavy Industries Co, the world's biggest shipbuilder, said yesterday its third-quarter net profit more than doubled amid strong performance by affiliates and higher vessel prices.
Logistics
UPS to introduce paperless shipping, easy package returns UNITED Parcel Services (UPS) has announced two new services that the world's largest package delivery company said would dramatically change the future of global shipping.
Admiralty Casebook
Bulk carrier held liable for hitting barge THE English High Court has found the bulk carrier MV Ariela fully liable for hitting a barge at the entrance channel of the port of Mormugoa (Goa) in India and causing extensive damage to the barge and a dredger alongside it.
Hyundai Heavy's profit more than doubles in Q3 Hyundai Heavy Industries Co, the world's biggest shipbuilder, said yesterday its third-quarter net profit more than doubled amid strong performance by affiliates and higher vessel prices.
Logistics
UPS to introduce paperless shipping, easy package returns UNITED Parcel Services (UPS) has announced two new services that the world's largest package delivery company said would dramatically change the future of global shipping.
Admiralty Casebook
Bulk carrier held liable for hitting barge THE English High Court has found the bulk carrier MV Ariela fully liable for hitting a barge at the entrance channel of the port of Mormugoa (Goa) in India and causing extensive damage to the barge and a dredger alongside it.
Hyundai Heavy's profit more than doubles in Q3 Hyundai Heavy Industries Co, the world's biggest shipbuilder, said yesterday its third-quarter net profit more than doubled amid strong performance by affiliates and higher vessel prices.
Logistics
UPS to introduce paperless shipping, easy package returns UNITED Parcel Services (UPS) has announced two new services that the world's largest package delivery company said would dramatically change the future of global shipping.
Admiralty Casebook
Bulk carrier held liable for hitting barge THE English High Court has found the bulk carrier MV Ariela fully liable for hitting a barge at the entrance channel of the port of Mormugoa (Goa) in India and causing extensive damage to the barge and a dredger alongside it.
Chinese LNG 'spy' arrested in Korea The Changwon prosecutor in South Korea has arrested a Mr Wang, a Chinese site manager at a Busan-based shipbuilder
Eagle eyes more upside EAGLE Bulk Shipping's net income jumped 70% and the company predicts more upside ahead from profit-sharing agreements
Congress rebuffs Bush, OKs dredging BADLY needed dredging and port work US-wide was assured today when the Senate followed the House in over-riding Bush's veto of the Water Resources Development Act
German language waiver for masters THE German transport ministry has accepted owners' proposal for a temporary waiver on German-language requirements for masters on German-flagged vessels
Gas Natural to invest $4bn in LNG SPAIN'S largest gas utility Gas Natural will invest €2.64bn in mid stream and upstream LNG market between 2008 and 2012
Top Tankers dries out TOP Tankers has seen quarterly losses widen and has confirmed plans for a name change to 'Top Ships' to reflect its drybulk diversification
Pessimists prevail A quarter way through TradeWinds' freight rate forecasting contest the minority of capesize Cassandras are firmly in the lead.
A tale of two markets As TradeWinds Greek summit opens Evangelos Pistiolis is looking for improved tanker rates but Akis Tsirigakis is upbeat about the dry outlook.
US cruiseship grounds Authorities remove passengers from the small Spirit of Nantucket after it runs aground in a Virginia waterway.
Asimar inks order Thai shipbuilder wins offshore newbuilding deal from UAE's Al Mansoori Production Services.
Smit splashes out Rotterdam-based group adds 11 units to continue its 120-ship newbuilding programme.
A drop for Top US-listed Top Tankers experiences another tough third quarter as losses surge by 61.3%.
Zoullas dismisses conversion 'hype' Eagle Bulk chief claims converting VLCCs to carry dry cargo will create a lot of difficulties but will only impact 5% on capesize market.
Eimskip wins more Alcoa business Icelandic owner to carry another 260,000 tonnes of cargo annually for domestic aluminium producer.
TMM fires back In a letter to a Mexican newspaper, tanker owner blasts paper's claims of Pemex favouritism.
Decision time for Navibulgar Bulgarian government has to decide whether to let Martrade-led group take control of national owner as sole bidder in privatisation.
Iran looks to South America Commerce minister Mas'ud Mirkazemi strikes deal to set up shipping company with Latin American nations.
Double boost for Algoma Canadian owner making money at home and in the open ocean.
Ofer's magic pipe Zim containership caught in US, while a quartet of car carriers, including a Hoegh brace, is detained for other offences.
Daiichi doesn't disappoint Japanese bulker owner posts inevitable first-half profit rise in record dry sector.
Boxship bashes bridge Hanjin vessel damaged after hitting Bay Bridge in San Francisco, spilling thousands of gallons of fuel.
Garware barges into barges Indian owner lines up order in China to boost its oil and gas support fleet.
Sovcomflot energized Russian owner sees profits buoyed by fleet growth and tie-ups with energy companies.
Hyundai hits new high South Korean shipbuilder banks healthy returns after smashing last year's order record.
Twin assault from Bourbon French owner banking piles of cash thanks to bulker and offshore vessel fleets.
TUI hails CP integration German group's nine-month profit turns around 2006 losses as boxship acquisition increases its "efficiency."
Mipo motors on South Korean yard sees income climb 48.5% due to more orders at higher prices.
Sixth for TBS US-listed owner snaps up 1980s tweendecker to bring fleet to 40 ships, having bought five other vessels in third quarter.
Naikai on the rise Japanese shipyard improves first-half return on back of higher revenues.
Eagle Bulk soars High freight rates push Nasdaq-listed owner's profits up 70%.
Iino behind for now Japanese tanker and gas carrier owner sees first-half profit drop, but forecasts a full-year recovery.
Yet another oil terminal to Primorsk Petrotrans-Primorsk will according to Seanews.ru build an oil terminal, with a capacity of 12 million tons per year, in the port of Primorsk. The company have signed a contract reaching over 49 years on the lease of 104 hectares ...
Saaremaa wants a ferry line to Stockholm The county administrative board of Saaremaa in Estonia, is to start negotiations with shipping companies to run a service between Saaremaa (Ösel) and Stockholm, according to news agency BNS. According to representatives from municipalities of Saaremaa, a line could be ...
Stella Lines cooperating with UPM Stella Lines Oy Ltd is doubling its present freight capacity due to a new cooperation with UPM. As from the beginning of 2008 there will be weekly sailings between Kotka, Rauma and Gdynia as well as up to four ro ...
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