Gulf-Asia VLCC rates hit 3-year highs Prices for shipping crude oil on the world's top export routes from the Gulf soared to more than three-year highs on Monday, breaching the W300 mark for the first time since late 2004 when rates struck 30-year highs.
Iraqi firm launches new tanker The Iraqi Oil Tanker Company launched its first new ship in 27 years on Monday, and delivery of two more tankers is expected within three months.
Asian product tanker rates show signs of easing Asian charter rates for large-range product tankers may decline, after rising to the highest in more than a year, on a dearth of fresh cargoes as December and January shipments slow ahead of the holidays.
HK operators handle 2.4% fewer boxes in Nov
Norway plans world's 1st ship tunnel
Strait Talk
Lots of steam left in offshore support vessels WHEN Norwegian shipping tycoon John Fredriksen moves into a particular sector of shipping, you can be fairly certain prospects are good - at least for those who jump in at the right time.
Gulf-Asia VLCC rates hit 3-year highs Prices for shipping crude oil on the world's top export routes from the Gulf soared to more than three-year highs on Monday, breaching the W300 mark for the first time since late 2004 when rates struck 30-year highs.
Iraqi firm launches new tanker The Iraqi Oil Tanker Company launched its first new ship in 27 years on Monday, and delivery of two more tankers is expected within three months.
Asian product tanker rates show signs of easing Asian charter rates for large-range product tankers may decline, after rising to the highest in more than a year, on a dearth of fresh cargoes as December and January shipments slow ahead of the holidays.
HK operators handle 2.4% fewer boxes in Nov
Norway plans world's 1st ship tunnel
Strait Talk
Lots of steam left in offshore support vessels WHEN Norwegian shipping tycoon John Fredriksen moves into a particular sector of shipping, you can be fairly certain prospects are good - at least for those who jump in at the right time.
BAF dropped as TACA lines fall out Heightened competition in the North Atlantic trades has forced the Trans-Atlantic Conference Agreement (TACA) to suspend the 23% increase in bunker surcharges earmarked for 16 December
Another scandal hits JadeWeserPort THE managing board of JadeWeserPort Realisierungs, project manager for the planned deepsea box terminal at Wilhelmshaven, Germany, has been forced to step down
Second-biggest bulker delivered ONE of the biggest ships in the world, the Brasil Maru, was baptised at the weekend in Japan and will now trade exclusively between Brazil and Tokyo
Mercosur opens doors to Israel LATIN American trade bloc Mercosur has signed its first external free-trade agreement; with Israel, despite new Mercosur member Venezuela having close ties with Iran
Hutchison confirms Bahama bid HUTCHISON Whampoa is seeking to buy out the Grand Bahama Port Authority from its two feuding shareholders
Caribbean states ink EU trade pact MORE containers may soon be seen aboard vessels trading between Europe and the Caribbean following a trade pact signed this week
We are sailing Beluga Shipping flies a kite for a 20% reduction in bunker consumption.
Cruise loophole assailed US customs authorities are planning to tighten a passenger cabotage rule that has had Hawaiian cruises making touch-and-go calls in Mexico.
Navios inks $154m loan US-listed bulker owner locks in deal to fund August capesize order at Sough Korea's Sungdong Heavy Industries.
TBS buys seven sisters US owner forks out $20m to buy up seven tweendeckers from its chartered-in fleet.
UK coastguard strike threat Union members say they are prepared to strike over pay at British safety agency.
DryShips deal questioned One analyst casts sceptical eye on DryShips' buy-up of Ocean Rig shares over bulker owner's link to Cardiff Marine, while another puts out the call to buy
Atlantska bullish on bulk Croatian dry cargoship owner expecting big rise in 2007 profit in booming markets.
Quintana panamax grounds Australia's Gladstone Harbour claims another bulker victim as Greek ship grounds after fuelling stop.
Two die on tanker in Singapore Third person taken to hospital after two Indians die while cleaning onboard chemical tanker.
Damen wins trio Dutch shipbuilder to construct tugs and crew boat for Australian and Croatian owners.
Tanker capsizes in Indonesia Small bunker vessel overturns at Surabaya, but crew safe and no pollution reported.
Box trial to begin Singapore one of seven nations to allow US to scan in-bound containers for six months.
Delays hit Aker Shipbuilder's share price falls 20% as tighter passenger vessel margins reduce profitability.
Fantastic four "World's largest" ro-ros ordered by Wilh Wilhelmsen and Wallenius Lines at Mitsubishi Heavy Industries.
Hellenic buys sixth Fotini Karamanlis' London-listed owner snaps up Singapore-owned 1997 panamax for $70m.
Turkey violated property rights European Court rules that Iranian line is entitled to only modest compensation for ship detention 15 years ago.
Colombo contract for Greatship Indian owner orders two construction support vessels at Sri Lankan shipyard.
New ferry takes a battering Latest addition to Canadian owner BC Ferries' fleet arrives with dented hull and shattered window.
Great Eastern orders double Indian owner adds to bulker orderbook with deal for two kamsarmaxes at SPP in Korea.
Zim upgrades Container line is bolstering its links between Asia and Northern Europe with a fourth service.
Wallenius and Wilhelmsen order world's largest ro-ro carriers Sweden's Wallenius Lines and Norway's Wllh Wilhelmsen has ordered four of what will be the largest ro-ro carriers in the world. The quartet will be built at Mitsubishi Heavy Industry's shipyard in Nagasaki and delivered through 2011 and 2012 ...
Police to investigate Norwegian oil spill A special unit from the Stavanger police is to investigate the 4,000 tonne oil spill from the Statfjord A last Wednesday. The spill was caused by a broken hose leading to the Teekay shuttle tanker Navion Britannia. The police wants ...
Offshore order backlog reduce rate prospects With 500 offshore vessels ' of which 200 AHTSs and 180 PSVs ' on order the developing market could put downward pressure on future day rates, according to UK-based Ocean Shipping Consultants in their latest report 'Offshore Support Vessels: Global Prospects ...
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