Daewoo to build world's costliest tankers DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, won an order to build the world's most expensive oil tankers, ships three times the size of the Statue of Liberty for US$139 million each.
Ivernia applies to export lead from Fremantle IVERNIA Inc, which supplied 3 per cent of the world's lead prior to having exports from the Australian port of Esperance suspended in March, will apply this month to ship the material from Australia's Fremantle port.
KL welcomes aid to help patrol Malacca Strait MALAYSIA has not asked countries using the busy Straits of Malacca to contribute to the cost of maintaining security in the waterway although Kuala Lumpur has to fork out a large sum of money for that purpose, Foreign Ministry parliamentary secretary Ahmad Shabery Cheek said.
Liner trade plagued by delays DREWRY Shipping survey shows liner schedule reliability has sunk to a record low.
Shippers lash underperforming lines
Knightsbridge makes foray into dry bulk TANKER specialist to acquire two capesize newbuilding contracts from Golden Ocean in a deal worth more than $160m.
HHI leads shipbuilding charge BULL run predicted to continue for Korean shipyards as stocks outpace top tech players.
Cruiseships become safer by design SAFE return to port, safe areas and casualty thresholds were hotly debated concepts at this year's Cruise+Ferry event.
Changing face of heavylift THE merger between Sealift and Dockwise is perhaps an indication that the heavylift
AIG buying spree continues NEW YORK 09 May ' MARINE Terminals Corp. (MTC) has became the latest acquisition of AIG Global Investment Group (AIGGIG), underscoring that the financial giant is still on the hunt for maritime infrastructure holdings
Yard workers back on Vigo streets ROADS in central Vigo, northwest Spain, was blocked today as about 2,000 shipyard workers once again took their protest to the streets
Wreck blamed for tug sinking THE sinking of the tug Pegasus in the Brazilian port of Santos last week is now thought to have been caused by the wreck of the Greek vessel Ais Giorgis
Euro Parliament pushes short-sea FAILURE to invest adequately in transport infrastructure could damage European economic growth, the European Parliament Transport Committee has warned
Sinosteel to invest $4Bn in India CHINESE mineral trading company Sinosteel is to invest $4Bn to build a steel plant in India
Migrant Watch: US/Caribbean WARMER weather and calmer seas have spurred more illegal migrants from the northern Caribbean to try to enter the US, even as federal prosecutors continue to jail smugglers
Port Authority of NY-NJ approves sale of New York Container Terminal Ontario Teachers Pension Plan to pay a total of $51 million to acquire Staten Island terminal from Orient Overseas international Ltd.
Marine Terminals Corp. sold to AIG
Massachusetts eyes funding for short sea shipping
Crowley adds third sailing to Central America
Mack stepping down as Hapag-Lloyd (America) chief
Container ship arrival delays increased in Q1: Drewry
White House wants to toughen export control enforcement
LNG blockade broken Teekay LNG's Galicia Spirit succeeded in calling at a Spanish gas terminal today thanks to the Spanish police.
GOG declares, sells capes Two capesize options taken up by Golden Ocean in China and two others in Korea sold to Knightsbridge.
TBS buys and scraps Joe Royce-led TBS has acquired a handymax from Eastwind and lost a tweendecker to a rocky grounding.
'No fresh regas order' Hoegh LNG boss says press reports of a new three-ship regas order with MOL are incorrect.
Havila inks more AHTS units Norwegian owner said to be ordering two more firm units in China with options for a further brace.
Aboitiz cutting the deficit First quarter losses drop 84% as Philippine ferry owner reduces costs.
Solstad rock solid Norwegian owner's first quarter profit growth driven by tight supply ship market with good rates.
Medcem buys into Sider Italian cement group Italcementi's joint venture with Romeo takes 20% of bulker owner.
Lyman turns to profit Ukrainian shipbuilder scrapes into the black for 2006 after loss-making 2005.
Maersk in Sino-Spanish link Danish giant to start new service between China and Spain with seven units from the end of May.
Nordcapital signs for duo German owner will take delivery of two more supply ships from Aker Yards, bringing its orderbook there to 10 vessels.
Leninska dips Kiev-based shipyard's 2006 earnings fall as revenue drops.
Brostrom buys two more Swedish owner teams with Erik Thun to snap up chemical/products carriers it has been operating commercially.
BLT chops bond offering Indonesian owner Berlian Laju Tanker cuts $75m off planned offering in Singapore.
BW wins control of APL Oslo-listed FPSO owner now owns 80% of Norwegian mooring systems maker.
Norden bonus for Torm Tankers and bulkers make less money for Danish owner, so the $643m it pocketed from selling its shares in compatriot owner will come in handy.
Kawasaki Kinkai knocked Japanese bulker and ro-ro owner follows parent K Line with rise in annual revenues but drop in profit.
Big drop for Teekay Petrojarl FPSO owner's profit hit in first quarter by increased costs and currency losses as revenues grow.
NYK slides Net profits slip nearly 30% as rising costs dent full-year performance at Japanese shipowner.
K Line slides Rise in annual revenues not enough to stop Japanese owner slipping to 18% reduced profit.
NYK confirms CVRD deal Japanese owner orders 300,000-dwt VLOC at NACKS in China for 20 year shipping contract.
Broström in joint acquisition of two modern product tanker vessels Broström and its partner Erik Thun has entered into agreements to acquire the two 7,100 DWT chemical and oil product ...
Record results from Seatrans in Bergen Bergen-based chemical tanker to liner and forestry carrier owner/operator Seatrans has announced record results after tax of NOK ...
No decision about Eckerö-shares Birka Line Plc's board of directors have not been able to reach a decision about selling Birka Line's shares in ...
Oil prices ease on US stock gains Weekly report shows larger-than-expected builds in crude and gasoline, but huge gasoline deficit remains.
Port problems could stall country's growth Erratic bunker supply becomes thorny issue as observers fear slow development of South Africa's ports could put the brakes on economy.
Cruise ship with scrubber sets sail Emissions control technology demonstration project could be key to global breakthrough for scrubbers.
Rotterdam barges tight near term
Japan demand recovering 'too slowly' Traders note lower-than-usual bonded bunker demand since February.
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