MISC sees downturn as chance to grow tanker fleet Amidst fears of a tanker glut, MISC Bhd sees growth opportunities in the tanker business, says a report in The StarBiz.
Daewoo's Oct net profit more than doubles Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said profit last month more than doubled from a year earlier as it built more vessels at higher prices.
Precious to buy 15 new vessels Precious Shipping, Thailand's largest shipping firm, said yesterday it planned to spend US$474 million on 15 new vessels to replace its ageing fleet.
Sinotrans Shipping raises US$1.5b from IPO
Bulk shipping market to remain 'tight' in '08: shipbroker
Now Strike Club raises rates The Strike Club has joined the wave of P&I insurers looking for big rate increases from February
Santos fights back against greens FOUR different entities are joining forces to combat the powerful forces defending the environment in the key Brazilian port of Santos
Salvage starts off Ceuta DIVERS from Spain's maritime safety agency, Sasemar, have today started an inspection of the stranded Egytian-flagged cargo ship Al Zahraa
DHS boss urges scanning rethink ONE hundred percent scanning of US-bound containers is not feasible, according to the country's security chief
Brittany Ferries cuts strike deal IN a major breakthrough for labour relations in France, ferry operator Brittany Ferries and local unions have signed an agreement over the prevention of strikes
Seaboard ship held after spill A MINOR oil spillage resulting from a ballast overflow has prompted a clean-up an investigation and a detention at Fernandina, Florida's Nassau Terminal
EU questions IMO ambition Commission Vice President Margot Wallstrom slams shipping for being 'unhelpful' in the battle against climate change.
Close capesize contest A single point separates leading contenders as TradeWinds freight forecasting race enters the home straight.
Greece in piracy pledge George Voulgarakis takes a swipe at regional regulators as he donates $1m to fight piracy.
Golar LNG falls Shares of US-listed owner plunge in midday trading after the company posts a loss in the third quarter.
Builder seeks bankruptcy After laying off employees, Nichols Bros Boat Builders files for bankruptcy in a US court.
CSCL joins A-List Huang Xiaowen-led company to issue 2.34bn A-Shares in Singapore.
From Russia with love Russian billionaire Alexei Mordashov ups his TUI stake and immediately throws his weight behind the group's under-fire boss.
Socar ships from new terminal Azerbaijan to begin oil and products exports from Georgia's Black Sea outlet of Kulevi.
Precious bond sale on hold Thai bulker owner halts $1bn issue in uncertain financial markets.
Earnings surge for LSC Lithuanian Shipping's dry cargo fleet riding high in first nine months of 2007.
DHT dented Weak tanker spot market hits Jersey-based owner during a slower third quarter.
Japan Club asks for more Shipowners face $29m demand as casualty hit P&I mutual makes first cash call in 18 years.
StealthGas confirms sale Athens-based LPG player pulls in $27.3m in sale of three vessels.
Vafias to bulk up StealthGas to target the dry sector if it can't find enough gas carriers.
Lorenzo's foiled Service cut-backs shrink nine-month profit at Philippine boxship owner, but third quarter figure improves.
Boxship held after spill US Coast Guard orders the Seaboard Rio Haina to stay in a Florida port after a small oil spill.
Egyptian ship grounded General cargoship Al Zahraa remains aground off the coast of Ceuta after an aborted re-float attempt.
Vyborg eyes new yard Russian shipbuilder reportedly lining up new $1.46bn tanker plant in Primorsk.
More woe for WoE Rating agency keeps protection and indemnity club on A- despite prospect of a $20m loss.
SNM sale scrapped again Romanian shipyard to go on auction block for third time after lone bidder offers less than liquidation value.
Fears for Al Marjan crew Local association is concerned about the fate of 22 crew members onboard the hijacked ship after second week without communications.
V Ships eyes demolition Diversified shipmanagement group has revealed its entry into the ship demolition sector is in the pipeline.
Thoresen wants six Thai shipowner eyeing a major newbuilding programme managing director Chandchutha Chandratat says.
Superferry to set sail After row with environmentalists and bailout by state legislators, the ropax catamaran Alakai will begin service 1 December.
Sinotrans nets $1.47bn Hong Kong IPO proves a happy hunting ground for bulker owner.
Cargoship sinks off Japan More woe for Russia after Kasper-1 goes down and another vessel reported missing.
SembCorp pays up Singapore shipbuilder handing over $115.45m to Societe Generale to cover unauthorised trades by sacked finance chief.
Further floatel for Keppel Swedish owner signs deal for second accommodation vessel at Singapore yard.
Norient moves up Increased demand leads Norden and Interorient to commit five LR1 products tanker newbuildings to pool next year.
Strike Club seeks 7.5% Higher freight rates and rising claims drive up cost of ship delay cover.
Fantaasia banned from service start After inspection by Swedish, Danish, Norwegian and Estonian inspection officers in Göteborg, the Tallink-owned ferry Fantaasia was banned from starting up the service between Langesund in Norway, Hirtshals in Denmark and Str'mstad in Sweden. The ferry has been chartered ...
Floatel International orders another semi sub Sweden based Floatel International has ordered a second semi submersible accomodation and service rig from Keppel FELS in Singapore. Delivery is expected in December 2010 and the price tag is USD 206 million. "The first rig is now fully financed ...
Hurtigruten will ask shareholders for another NOK 400 mill Hurtigruten Group, which faces a NOK 150 million loss in 2007, will ask shareholders for another NOK 400 million in new money to see the group through 2008, according to the Norwegian financial daily Finansavisen. Just recently the group went ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
