Tanker rates to Asia may rise on Sept demand The cost of transporting Middle East crude oil to Asia, the world's busiest market for supertankers, may rise as refineries start booking vessels to load in September and weather conditions threaten to delay shipping.
NOL average container revenue up 7% Neptune Orient Lines Ltd, operator of Asia's fourth-largest container line, said its average revenue per cargo box rose 7 per cent in the four weeks to July 27 because of higher demand to move sea cargo.
China shipbuilder's Q2 profit doubles China State Shipbuilding Co, set to become the country's biggest shipbuilder, doubled second-quarter profit as the company sold more diesel ship engines to equip a record number of vessels under construction.
Chile open to giving Bolivia access to Pacific Ocean
Thoresen Thai latest to postpone bond issue FIRM is second shipowner from Thailand to postpone a bond issue in the space of a week as the credit crunch bites.
Thoresen Thai taps bond market and plans listing
Robust engine sales propel CSSC profits SHIPBUILDER posts 87% surge in its first-half net profits, lifted by robust demand for diesel engines.
Asian shipping stocks rebound CHINA Cosco leads charge as bulls return to Asian stock markets today.
Demolishing myths about recycling A ship recycling facility does exactly what a scrapyard did, so what's the point of using the new terminology?
Recovering value FOR about $30m or so, older ships are now being converted for lucrative new lives as large ore carriers.
Clock ticking for NCL America Apollo Management's equity offer for 50% of Norwegian Cruise Line includes a specific plan to either revive the US-flag NCL America operation or liquidate it within 16 months
IGC directors back new bid THE directors of Irish Continental Group (IGC) have recommended that shareholders accept an offer of euro24 per share from the Aella management buy-out group
Hurricane Dean update MOVING into warmer waters after passing the Cayman Islands, Hurricane Dean's 240 km/hr winds are strengthening as it moves toward Mexico's Yucatan Peninsula
Second fire hits PNSC FIRE ravaged the head office building in Karachi of Pakistan National Shipping Corp yesterday, the second fire on the premises in seven months
Lessons from `Denden' accident A report by India's Mercantile Marine Department, probing the capsize of Eritrean ship `Denden' in June, has raised alarms over technical faults and lack of skilled manpower
India mounts ISM checks INDIA has tightened flag state and port state controls on foreign flag vessels visiting Indian ports and has started detaining ships for non-compliance of the ISM Code
Master Ferries 2006 losses of NOK 54 million Master Ferries in Kristiansand, Norway has had losses of NOK 54.0 million in the first year of operation. As a ...
Star to sell half of NCL Star Cruises is to sell 50 per cent of Norwegian Cruise Lines to the American investment company Apollo Management for ...
More fast ferries to Bornholm A majority in the Danish parliament has confirmed a proposal concerning the future service to the isle of Bornholm. The ...
Jamaica bunkering closed Port curfew in place and communications uncertain.
Rotterdam barge market easing with crude Prices easing this afternoon, but ARA bunker market may not benefit much from increased Russian exports.
Shipping shares hurt by fuel gains Analysts taking careful approach to shares in Asian shipping lines as rising costs could hurt profits.
Dean shuts down ports Some oil fields and platforms in the Mexican Gulf region have also been shut down and evacuated.
Company in talks on Kuwait refinery project Refinery, scheduled to be the largest in the Middle East, will produce low sulphur fuel oil.
Very quiet market in Rotterdam
Hurricane Dean intensifies After battering the Caribbean, Dean is projected to be Category 5 storm before hitting Mexico or Texas.
Price war brewing in China's bunker market Brightway, already competing with Hong Kong on price in Shenzhen, reveals ambitious bunker service expansion plans in China and beyond.
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