Samsung Heavy wins US$1.37b order Samsung Heavy Industries Co, the world's second-largest shipyard, won an order to build eight vessels worth US$1.37 billion, its biggest order this year, as demand increased from marine-cargo transporters.
Capesize rate dips as shipping futures fall Rates for hiring the largest carriers used to transport coal, iron ore and other dry goods fell from a record, tracking declines in shipping futures.
UPS chief Michael Eskew to retire United Parcel Service Inc (UPS), the world's largest package shipping company, said Michael Eskew will retire as chief executive officer and be replaced by chief financial officer Scott Davis.
US shipmaster arrested in Spain Lawyers challenge the arrest yesterday of the US-citizen master of the Bahamas-flagged Odyssey Explorer.
A Spanish Odyssey hits dire straits
Quintana shares surge on sale speculation QUINTANA Maritime is exploring strategic alternatives to enhance shareholder value.
Glencore and Transpetrol forge tanker link FIRMS agree to equally share their interests in six tanker newbuildings.
Finance tightens up but shipping carries on regardless THE cost of ship finance is going up, but loan margins are not rising because shipping has become a riskier proposition.
It can't go on for ever THE good times are rolling right now for the dry bulk market and there is hope the cycle will be of longer duration.
Quintana in sale rumour Speculation is rampant on Wall Street today as to whether Quintana Maritime may be up for sale
Mermaid hauls 'big wigs' in listing Mermaid has opened trading in Singapore's stock exchange and is now off to a blistering start
Competition hots up on tonnage tax THE ink is hardly dry on the new tonnage tax law for the Netherlands Antilles before the Dutch government in The Hague is looking at further relaxing its own laws
Treasure hunter arrested SPANISH security forces have intercepted the Ocean Explorer, a treasure-hunting ship owned by US-based Odyssey Marine Exploration and escorted the ship to Algeciras
Dreyfus derides deplorable Newhaven "DEPLORABLE" facilities at Newhaven are holding back the new ferry service from Dieppe, according ship operator Louis Dreyfus
MarAd joins California conflab FEDERAL, state and local officials joined on Friday to establish a "collaboration" to address daunting environmental and infrastructure challenges
Builders face tariff ax As Canada negotiates a free-trade agreement with South Korea, shipbuilders are bracing for the prospect that officials will lift the 25% tariff on foreign vessels.
Quintana for sale? US-listed bulker owner announces that it is seeking "strategic alternatives" in light of skyrocketing asset values, leading at least one analyst to wonder if the company is up for sale.
Spill has $6m price tag Estimate for Puerto Rican oil spill tied to General Maritime reaches more than $6m as crews finish cleanup efforts.
Thumbs up for dry-bulk Jefferies analyst issues a round of boosts to shipping company projections as dry-bulk sector charter rates strengthen.
Crew crisis bites Canada and Vietnam latest to suffer from dearth of seafarers leaving ships short-handed.
Bore builds fleet Finnish owner snaps up two multipurpose vessels from Dutch owner Kornet.
Hammer for Cefor Norwegian marine insurance organisation seeks to forge a stronger presence with Helle Hammer.
Piracy on the rise again Somalia and Nigeria still showing the largest increases but Malacca Strait continues to buck the trend.
Pittas pays out Euroseas third quarter dividend increases by 16% on previous period as dry bulk market keeps cash flowing.
Putin flies united flag Russian premier announces plans to exclude foreign-flagged vessels from the Caspian Sea.
Orey in at Bilbao Portuguese broker and agent taking 50% stake in Spanish port operating company.
Oca backs ratings fund Head of key Filipino union supports rich-world crew subsidy but admits it means less money for his members.
Tidewater lowers expectations US supply ship giant will dip below analysts' quarterly profit forecasts as ship sales fall.
Technip orders in Korea French offshore and subsea services group signs for a pipelay unit at STX Heavy Industries.
STX in buy-back bid South Korean owner wants to regain some of its holding following recent bank deal.
Siem sells oldie Oslo-listed offshore player sells ageing standby vessel for $10.5m.
CSG grows in Romania Chinese giant's Romanian agency joint venture benefiting from growing domestic imports.
CSCL marches on Hong Kong-listed line sees share price soar to boost its expansion plans ahead of a Shanghai listing.
Hong Kong detains duo SCI bulker and Technomar boxship failed September safety checks.
MNP teams with Rolls-Royce Russian shipyard group to target offshore vessel market with help of ship designer.
Samsung confirms Zim order South Korean yard reveals itself as builder of eight 12,600-teu units for Israeli outfit in $1.37bn deal.
More strong growth at PSA Singapore's dominant terminal operator saw another month of double-digit increases in volumes.
South Africa goes tripartite Government plots shipping line to link Mumbai, Cape Town and Sao Paulo.
Oceanaut confirms Restis deal Excel Maritime-backed blank-cheque outfit to buy nine bulkers as well as sell shares to Restis family.
Svitzer swaps two tugs in Baltic operation Svitzer A/S is about to change tugs in their barge train running from the Baltic area to shipyards in Stralsund and Odense. The Svitzer Munin, flying Saint Vincent flag, will shortly be sold back to Sweden and re-flagged ...
Hearing on Bourbon Dolphin stability All through the Bourbon Dolphin hearings in 'lesund, Norway, the vessels stability has been questioned and a special hearing opens next week to find the answers to some important questions regarding stability. Both the builder of the vessel, Ulstein Verft ...
Owners tax payments More of Norwegian owners' tax bills could be converted into environmental measures. The Norwegian Ship owners' Association (NSA) would welcome this switch to dampen the detrimental effects of the NOK 14 billion back-tax bill. The total tax bill in ...
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