China steel boom expected to keep freight rates high CHINA's booming steel industry should help keep freight rates near record highs as mills turn increasingly to Brazil for iron ore because of a lack of suppliers nearer home, industry officials say.
S Korea's Daewoo shipyard wins US$1b orders SOUTH Korea's Daewoo Shipbuilding and Marine Engineering said yesterday that it had won orders worth a total US$1.05 billion to build 12 container ships for German clients.
Japanese shipyards' April orders dive 40% from March NEW ship construction orders at Japanese yards dropped more than 40 per cent in April versus the previous month, signalling capacity constraints following a wave of orders seen in recent months, industry sources said.
Ward: No more excuses LLOYD'S chief executive Richard Ward warns brokers to stop dragging feet over the use of the new electronic claims file.
Technology 'ready for take-off' at Lloyd's
Avin newbuildings fuel sulphur scrubber debate GREEK shipowner designs four new tankers to accommodate BP Krystallon's sulphur scrubbers.
DSME bags $1.05bn boxship bonanza SOUTH Korean yard wins orders for 12 containerships from German owners.
IMO flag state audit marshalled for future growth THE Marshall Islands is now the fourth biggest ship register in the world and its reputation for quality continues to grow.
Dire straits A MAIB report into an alarming close quarters situation along the Dover Straits raises a number of questions.
Petraia loses fight over oil book charges PORTLAND, Maine 21 May ' A ship owner who contested the US government's prosecution under laws relating to falsifying oil log books found no sympathy last week as a federal jury issued a guilty verdict against it
Regional Security: Jamaica/Haiti FOUR Jamaican fishermen have been sentenced after being caught smuggling guns from Haiti, a news report says, in an environment 'awash with [drug-smuggling related] guns'
Golden Rose victim found THE body of a seafarer from the Golden Rose vessel was found today, but there was no confirmation of nationality
Sea Lord backs merchant/RN liaison SUPPORT for a strengthened 'maritime club' joining merchant and Royal Naval resources was advocated by the First Sea Lord today
Celebrity orders yet again CELEBRITY Cruises has confirmed that it will order a fourth Solstice-class ship from Meyer Werft for $798M
Skarga, Nikitin assets frozen FIONA Trust Holding Corp, which is suing former employees for an alleged conspiracy to defraud, has obtained a London High Court order freezing the assets of two defendants
ILWU, PMA agree to early start for West Coast longshore contract negotiations Employers and dock workers intend to start contract talks early, have new contract in hand before current one expires in July, 2008.
First Reserve takes cash Indirect joint- venture partner First Reserve has cut its holding in Stamatis Molaris- led Quintana Maritime.
Capesize charter deal Ola Lorentzon takes advantage of improving capesize market to fix South Korean newbuilding for five years.
Unions in Blue Star deal Year-long dispute over negotiating rights on Maersk subsidiary's Liberian-flag ships ends in Germans' favour.
Globus unveils IPO George Feidakis and George Karageorgiou have filed to take bulker owner Globus Maritime public on London's AIM.
Sovcomflot prevails Russian shipowner wins asset freezing orders against Dmitry Skarga and Yuri Nikitin.
Price swells at Meyer Werft Royal Caribbean is paying 14% more for a fourth cruiseship than for its sister a year ago -- whose price already made headlines.
Bug strikes Norway cruise Hurtigruten vessel latest to suffer suspected norovirus outbreak as 100 fall ill on Norwegian cruise.
Maersk rapped over near miss Poor bridge management on Maersk Dover almost led to collision with VLCC and boxship in English Channel.
Daewoo wins $1bn of boxships German owners Schuldt and T&H order 12 containerships at Korean yard for delivery by 2010.
StealthGas steady Harry Vafias-led LPG player's first-quarter profit only slightly down as larger fleet earns and costs more.
Roll up for SNM Second tender launched for sale of Romanian yard after Daewoo deal fell through in 2006.
Crew rescued off Pakistan Eleven crew members plucked from water by Pakistan navy as vessel en route to India starts to sink.
Petraia guilty in dumping case British Virgin Islands owner convicted of failing to maintain records of overboard oil discharges.
GAC buys Ole R Olsen Frank Tofesund sells 80% stake in old established shipping agency to Dubai based group.
Hamworthy hikes orderbook UK gas systems maker to supply cargo pumps and reliquefaction sets to yards in Croatia and Korea.
Sormulis in custody Latvian Shipping council member arrested in money-laundering probe after returning to country.
Siem secures charter deals Norwegian owner wins work for supply ship newbuilding from EGMS, and extends another contract.
Wave injures 27 on ferry Bow windows smashed in heavy seas off Kanagawa, Japan.
Hapag orders at HHI Liner operator expects global volumes to surge 40% by 2011 and is ordering tonnage to match.
FFA injunction refused London judge refuses to act in legal battle over freight futures deals that bankrupted North American Steamships.
Pirates kill one off Somalia Guard caught in crossfire after WFP-chartered vessel comes under attack after delivering food aid.
GOC inks period cover John Fredriksen's Golden Ocean has tied up four of its newbuildings on five year time charters.
Greek tanker off ground but severely damaged The Greek tanker Minerva Concert got almost a whole week on the sea bottom at the Hatter Barn in Great ...
Authorities suspect pirate mothership A rocket attack on a bulk carrier 180 nautical miles off Somalia and the attack on two Korean fishing vessels ...
Ambitious expansion plans for Golden Ocean John Fredriksen has very ambitious plans for his dry bulk owner/operator Golden Ocean and wants to increase the fleet ...
25% jump for BAFs Conference agreement catches up with price gains after months of stable bunker-related charges.
New South African company in joint venture agreement US-based Bunkers International says Vunani Bunkers will be a 'great partner'.
More funds for Vopak growth Global tanker terminal operator seeks $375 million from institutional investors.
Norwegian NOx tax encourages technology advances Savings on NOx tax could recoup cost of the MariNOx ship emissions monitoring system in less than a year.
Fuel oil markets tighten Singapore fuel prices steady, but sentiment could turn 'very rapidly'.
New barge ordered for Argentine market Double-hulled coastal tanker will supply bunkers in Argentine ports at the River Plate Area.
Rotterdam market down Monday morning
Investment bank revises oil price forecast Bank sees prices firming.
Philippine supplier to extend operation Bunkerworld now shows prices for the Philippine port of Cagayan de Oro.
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