Oil tanker rates from Caribbean hit 3-year high The rate to transport oil from the Caribbean on Aframax ships advanced to more than a three-year high amid a regional shortage of ships available for charter.
Oil-spill costs to exceed federal liability limit Clean-up costs for last month's oil spill in San Francisco Bay are on track to exceed the US$61 million federal insurance liability limit, the US Coast Guard said on Tuesday.
Korean spill: four masters arrested Korean Newspapers and Broadcasting have reported that two tug boat captains - Mr Cho (51) and Mr Kim (45) ' the captain of the floating crane (Mr Kim - 39) and Capt Chawla of the Hebei Spirit are under arrest and will be investigated for violations of the maritime pollution prevention law
Rhodin takes over at Swedish Club LARS Rhodin is to succeed Frans Malmros as MD of the Swedish Club in July
Tata Power to foray into shipping TATA Power Co, India's largest private electricity generator, yesterday told local stock exchanges that it plans to enter the shipping business
Viking: bump to follow bumper year MORE passengers and cargo combined with higher passenger fares helped Viking Line, the Finnish cruise ferry operator, to increase net profit to €24.8M
More to follow Yangzijiang example BANKING executives say that Yangzijiang Shipbuilding's strong post-listing showing will encourage more Chinese offshore and marine firms to head to Singapore
Higher liability for cargo ships LIABILITY limits for cargo vessels ' and probably tank barges ' are likely to be raised in the wake of testimony yesterday before a US Senate subcommittee
Horizon rebounds US container shipping company's stock price jumps 12.1% a day after hitting a 52-week low.
Hedge fund pulls back US hedge fund QVT Financial agrees to pull back from 16.9% share of Top Ships.
Analyst ratchets Top Cantor Fitzgerald analyst cuts her price target for Top Ships but says the stock is still undervalued.
Spill cleanup to hit $61m US Coast Guard Commandant says cleanup costs for an oil spill in the San Francisco Bay could exceed a federal insurance liability cap.
Ferry checks abound Washington State Ferries and the US Coast Guard have widened ferry inspections after hull pitting retires four.
Swedish Club taps inside man Veteran claims chief Lars Rhodin is named as next managing director of Gothenburg hull and P&I mutual.
Fanzl brand nixed Hamburg Sud etches the tombstone on another brand as Fesco Australia-New Zealand Liner Services becomes, well, Hamburg Sud.
EC to probe STX buy-in Competition regulators are to launch an in-depth probe into STX's move to buy up 39.2 percent of Aker Yards.
Numbers up at Viking Finnish ferry owner Viking Line sees hike in passenger volumes push up annual revenues and profit.
Jinhui pays for prompt delivery Hong Kong owner snaps up supramax bulker due next March - for twice as much as its last newbuilding deal.
DFDS ditches Duke Danish owner lets 1978-built veteran go to Brittany Ferries, which has been chartering it since February 2006.
RCL inks two at Dae Sun Thai intra-Asian boxship player signs for a pair of 950-teu units at South Korean yard for $24m spend.
We are sailing Beluga Shipping flies a kite for a 20% reduction in bunker consumption.
BLT downgraded Fitch Ratings says Indonesian owner will have high level of leverage after buying Chembulk Tankers.
Tata Power wants ships Indian group seeking shareholder approval to acquire vessels to move coal from Indonesia.
Skaugen sells gas pair Last two of Norwegian owner's three "wintergas" ships go to mystery buyer for $29m en bloc.
Wilson goes big on minis Oslo-listed owner signs for eight 4,500-dwt bulker newbuildings at Chinese yard.
PGS rues downtime Oslo-listed owner says survey ships were out of service for longer than expected, leading to lower forecasts for Q4.
JES down on debut Chinese yard's share price falls in first day of trading in Singapore.
Erria pockets $14.3m Danish tanker owner will use share issue cash to fund expansion.
Offen to slash lube bill German containership operator installing new electronically-controlled system in bid to save costs.
Grain Harvester re-floated Quintana Maritime panamax awaits inspection after grounding outside Australian port with pilot onboard.
Bulker binge continues Japan's shipbuilders continue to haul in large quantities of newbuilding orders for dry tonnage.
Sale or spinoff of Aker Yards offshore divison Aker Yards is considering sale or spinoff of its offshore and specialised vessels division to enhance shareholders value. The five yards under consideration are Aukra, Brevik, Langsten, Brattvåg and Søviknes. Should the board decide to sell, expert feel the price ...
Norwegian vessel to spy on Japanese whaling fleet Australian Prime Minister Kevin Rudd plans to use the Norwegian-owned cable laying vessel 'Oceanic Viking' to spy on the Japanese whaling fleet. The vessel is owned by Eidesvik, but on charter to P&O Maritime since 2000. The owners ...
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