Settle contracts in won not dollars, central bank says The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the US dollar.
Kerch Strait storms 'claim 10 ships' SOVIET-era tanker splits in two and spills 2,000 tonnes of fuel oil, two other tankers among multiple casualties.
PSA Sinport group bags Voltri concession CONSORTIUM formed by PSA-Sinport, Italian state railways and Cosco wins battle for sixth module of Genoa's flagship box terminal.
HHI risks losing shipbuilding top spot RIVAL Samsung Heavy looks set to take top position as orders approach $20bn.
At the heart of political climate change THIS week's Queen's speech confirmed that the UK is to press ahead with plans for a Marine Bill.
How do you solve a problem like success? DR Stephen Ladyman gives his views on why the UK needs to start a national debate on transport.
What do emissions do to seafarers? FAIRPLAY has no reason to doubt the findings of the American Chemical Society's study "Mortality from Ship Emissions: A Global Assessment", which concludes that ship emissions are likely to kill 60,000 people next year ' half of them in Asia
Dead ship rescued in North Sea Multraship and URS have rescued the general cargo vessel Eva Danielsen after it got into difficulties off the North Hinder traffic separation zone in the North Sea
Energy chief warns of LNG shortfall LNG imports to the US are not keeping pace with demand as the fuel has become the "fast growing source" for the country's natural gas supply
Petrolift IPO gets green light PHILIPPINE coastal tanker operator Petrolift is set to go public this December after the Securities and Exchange Commission approved its application for an IPO this week
Brazil to join oil's big league PETROBRAS announced yesterday that it had discovered a huge offshore oil field that will make the country a regular exporter of petroleum on an Arabian scale
Wilson raises Nesskip stake Wilson, the Bergen-based shortsea operator, has acquired two small ships from German principals and increased its stake in Nesskip in Iceland
Congestion - What congestion? Congestion charges are an emotive issue, justified or not; depending on which side of the table you are negotiating from. But imposing a new surcharge in an improving situation, to claw back extra costs incurred during an earlier period, seems unmerited.
New World Alliance boost for Thamesport
Logistics is key to a country's competitive strength
Constanta powers up George Bosinceanu reveals at TradeWinds' Greek Shipping Summit that he has tied up an engine deal to keep Histria on an expansion course.
Mayhem in Kerch Strait Serious pollution and loss of life feared as laden sea-river tanker breaks up and three other ships sink in violent storms.
Profits up at Taiheiyo Japanese owner sees better interim results, but the second half of the year is likely to see a decline.
Blackout cripples Eva The multipurpose ship Eva Danielsen is rescued after a power shutdown in the English Channel.
CSAV goes to the bank Chilean containership line plans to buy boxships with its new $675 loan.
Pilot had prior mishaps Veteran San Francisco Bay pilot on the containership that struck the Bay Bridge had a record of incidents.
Moo for help The partial sinking of a long-troubled ro-ro livestock carrier off Venezuela leads to the death of 1,750 heads of cattle.
Finaval gets green light Giovanni Fagioli-owned tanker player given permission to go ahead with $60m stock flotation.
Todd stocks sink US shipyard's stock plunges after the company reports a loss in its fiscal second quarter.
MBC adds second Sanko bulker Cape Town operator to manage another capesize for Japanese owner which holds 20% stake.
Hutchison in $1bn port pact Hong Kong ports company to ink deal with KPT which paves the way for Pakistan's first deep-water container port.
NWA steps it up New World Alliance boxship trio phasing in eight bigger vessels from Asia to Europe next year.
Knightsbridge slumps Net earnings of US-listed tanker owner decline by 47.6% as VLCC rates take a bite out of revenue.
Vitol still prey to vulture Oil trader fails in bid to free tanker cargo proceeds from legal freeze.
Saaremaa wants Swedes New ferry line from Estonian island to Stockholm aims to tap tourist trade.
Prosafe to convert VLCC Norwegian FPSO player wins $400m deal for production unit from Murphy Oil in Africa.
Storm surge batters Rotterdam Giant Maeslant barrier closed for the first time as storm surge affects over 50 vessels at the port.
Body found in ferry hunt UK coast guard finds man believed to have gone overboard Isle of Wight vessel.
OSG America to bank $142.5m Overseas Shipholding Group spin-off announces price of initial offering ahead of New York listing.
Fredriksen sheds tonnage Oslo-listed Golden Ocean banks $127m profit from the sale of six panamax newbuildings.
Sceptical salvor George Tsavliris reveals at TradeWinds summit that he is yet to be convinced about tanker to bulker conversions.
Kyoei exceeds expectations Japanese VLCC owner cards better than expected six month returns but is again reserved in its full-year forecast.
Donbas gets green light Ukrainian steel producer wins competition clearance for takeover of Gdansk Shipyard.
Lauritzen extends gas series Danish owner adds ships number 11 and 12 to gas carrier orderbook at Sekwang in Korea.
Wilson bags two more Oslo-listed bulker owner adds second German brace in as many months.
Rates buoy TBSI US tweendecker specialist sees third quarter profits almost triple from a year ago on higher rates.
Azuma falls back Higher costs push down first-half profit for Japanese cement carrier and bulker owner.
No more passengers on the Sea Wind Tallink Silja discontinues its passenger service on the train ferry Sea Wind after the turn of the year. The ferry is now sailing between Turku, L'ngn's and Stockholm. From the beginning of 2008 the Sea Wind will also start trading ...
Norden logs another huge profit on ships sale D/S "Norden" once again played their cards right in the hot second-hand market for bulk carriers and has reported a profit of USD 39.6 million on the sale of the Nord Viking. The bulk carrier has been ...
Golden Ocean sells six panamax newbuildings John Fredriksen controlled owner/operator Golden Ocean sells six panamax newbuildings for USD 352.8 million with delivery to the new owners between March 2009 and July 2010. The vessels were ordered in March this year at Pipavav in India ...
Calls for more scrubber research Industry saying that the jury is still out on the benefits of scrubbing.
Office move for Turkish supplier
Marine sector to outpace global energy growth Transport fuels will underpin global oil demand growth to 2030 says ExxonMobil. CO2 emissions could rise by a third.
New barge delivery service in Brazil Bunker barge will supply ships at Suape Container Terminal.
Rotterdam flood defence withstands surge Worst over after North Sea storm shuts down oil fields, closes link between Rotterdam and the sea.
Petrobras builds on LSFO supply capacity New Rotterdam operation already seeing bigger LSFO turnover than Singapore.
Coast Guard 'failed' to appreciate extent of bunker spill San Francisco facing worst oil spill for almost 20 years.
Rotterdam market easing
ExxonMobil sells cargo into Singapore 90,000 mt of fuel oil parcel slated for Singapore from the Red Sea port of Yanbu.
OPEC blames speculation for oil rally Oil cartel calls for a tighter regulation of oil markets.
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