WTSA to raise freight rates and bunker surcharges from April 1 CONTAINER shipping lines, including Neptune Orient Lines, operating on the westbound transpacific from the US to Asia have announced price hikes and higher bunker surcharges as they point to rising operating costs.
Q4 net doubles at Daewoo Shipbuilding DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, had fourth-quarter profit that more than doubled from hedging the won's appreciation against the US dollar.
Teekay Shipping Q4 net drops 58% to US$60.3m TEEKAY Shipping Corp, the world's largest oil-tanker owner, said fourth quarter net income dropped 58 per cent as lower shipping rates reduced revenue.
Fire on Indon ferry kills at least 16 people
Admiralty Casebook
Doctor's negligence: cruise ship cleared THE Supreme Court of Florida last week overruled a district court and held that that a cruise ship was not vicariously liable for the medical malpractice of the ship's doctor.
WTSA to raise freight rates and bunker surcharges from April 1 CONTAINER shipping lines, including Neptune Orient Lines, operating on the westbound transpacific from the US to Asia have announced price hikes and higher bunker surcharges as they point to rising operating costs.
Q4 net doubles at Daewoo Shipbuilding DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, had fourth-quarter profit that more than doubled from hedging the won's appreciation against the US dollar.
Teekay Shipping Q4 net drops 58% to US$60.3m TEEKAY Shipping Corp, the world's largest oil-tanker owner, said fourth quarter net income dropped 58 per cent as lower shipping rates reduced revenue.
Fire on Indon ferry kills at least 16 people
Admiralty Casebook
Doctor's negligence: cruise ship cleared THE Supreme Court of Florida last week overruled a district court and held that that a cruise ship was not vicariously liable for the medical malpractice of the ship's doctor.
Genmar pays out bumper dividend COMPANY declares bumper one-off dividend of $15 but rules out acquisition conquests right now.
Aegean calls in Georgiopoulos for revived flotation bid
Death toll rises after Indonesian ferry fire TRAGEDY strikes again in Indonesia as fire on passenger ferry Levina 1 leaves at least 16 dead.
Tui starts to sell-off shipping assets THE Hapag-Lloyd parent sold its majority in the Montreal Gateway Terminal and seven boxships, reducing debt by $814m.
Carnival divests niche brands MIAMI 22 February ' Carnival Corp has sold Windstar Cruises for $100M to Ambassadors International and definitively confirmed that UK brand Swan Hellenic will not be revived
Merchant Brilliant crew being paid ADG Shipmanagement is reported to have handed over £70,000 to one of the officers of the embattled ro-ro Merchant Brilliant, and he is at last making payments
Ostedijk emissions reducing EFFORTS to reduce gas emissions from burning fertiliser on the cargo vessel Ostedijk appear have been successful, but Spain's government has kept the ship out of port
UK remodels ship register THE UK has remodelled and renamed its shipping registry to make it more customer focused while retaining quality as its key objective
Finnlines' Lagerroos to step down ANTTI Lagerroos, president and CEO of Finnlines, has submitted his resignation despite being asked to stay on by Emanuele Grimaldi
Suez offers tempting discounts IN A bid to win greater share of the US-Asia trade, the Suez Canal Authority plans to offer transit fee discounts during March to Trans-Pacific Maritime Conference members
Updated: Private equity steps in again, as TUI makes debt-reducing disposals Hapag-Lloyd parent TUI has confirmed details of the previously-announced sale of vessels and terminal assets ' acquired in the CP Ships takeover ' permitting them to pay off some €620m (US$814.66m) of debt.
24-hour Smit harbour towage strike called Trade unions have announced a 24 hour strike a Smit harbour towage in Rotterdam from tomorrow morning 06:30 CET, after the company failed to enter an improved pay deal by last night.
India's Shipping Ministry establishes shipper grievances forum
More competition in the transalpine market
CMA CGM officially unveils NEMO service
Pan Ocean upgrades PST service
Jute mills strike hits Concor business
CN would back government intervention to end strike
Transatlantic more than doubles result Swedish shipowner Rederi AB Transatlantic reports an operating result of SEK 216 million (EUR 23.2 million) for 2006, up from ...
Statoil procured for near NOK 70 billion i 2006 Norwegian energy company Statoil procured goods and service for a total of NOK 67.7 billion last year, up 9.0 per ...
Coastal Express vessel in distress with engine failure Coastal Express vessel Nordstjernen was towed into Florø in Western Norway after a dramatic engine failure early late last night ...
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