Fleet growth at current pace 'can't continue indefinitely' A global shipping industry veteran has warned that fleet growth cannot go on indefinitely at the pace seen in the last few years, and that it is going to be rather painful for the industry when trade with China and India slows down.
Kidnappers seize 24 Filipino sailors in Niger Delta NIGERIAN kidnappers seized all 24 Filipino crewmen on board a vessel owned by Seereederei Baco-Liner GmbH in the Niger Delta on Saturday, the Philippine Foreign Affairs Ministry said.
Shanghai Port posts 2.95b yuan profit SHANGHAI International Port Co, operator of China's busiest container port, said it made a profit of 2.95 billion yuan last year, as the country's rising trade boosted sea cargo demand.
S'pore hosts ARF security shore exercise
NOL to upgrade Vietnam container terminal
Strait Talk
Out of trouble's way: a week in the life of a salvage tug LOOKING up from a stationary vessel to see the world's largest container ship bearing down at about three miles was just one of several memorable images of a few days last week spent on the salvage tug Anglian Monarch.
Fleet growth at current pace 'can't continue indefinitely' A global shipping industry veteran has warned that fleet growth cannot go on indefinitely at the pace seen in the last few years, and that it is going to be rather painful for the industry when trade with China and India slows down.
Kidnappers seize 24 Filipino sailors in Niger Delta NIGERIAN kidnappers seized all 24 Filipino crewmen on board a vessel owned by Seereederei Baco-Liner GmbH in the Niger Delta on Saturday, the Philippine Foreign Affairs Ministry said.
Shanghai Port posts 2.95b yuan profit SHANGHAI International Port Co, operator of China's busiest container port, said it made a profit of 2.95 billion yuan last year, as the country's rising trade boosted sea cargo demand.
S'pore hosts ARF security shore exercise
NOL to upgrade Vietnam container terminal
Strait Talk
Out of trouble's way: a week in the life of a salvage tug LOOKING up from a stationary vessel to see the world's largest container ship bearing down at about three miles was just one of several memorable images of a few days last week spent on the salvage tug Anglian Monarch.
Salvage cost could hit $20m SALVING the MSC Napoli could cost $15 to $20m should the vessel break up, according to salvage experts.
Fatigue problem avoidable, says DNV
Lack of solid policies threaten British fleet DRAMATIC revival of UK fleet can only be sustained if the British government maintains constructive shipping policies.
Napoli hailed as 'model' for places of refuge directive MSC Napoli is the perfect example of the need for the European Commission's proposed directive on places of refuge.
Bulker aground off Cadiz SPANISH maritime authorities are to make a second attempt to refloat the Bahamas-flagged bulker Ocean Globe, which ran aground last night off Cadiz
Teekay, Marubeni in CNG alliance TEEKAY Shipping and Marubeni Corp are to form a strategic alliance with Sea NG to develop a system for transporting compressed natural gas
BC Ferries given food for thought THE report into the sinking of BC Ferries Queen of the North last March has described relations between the operation and the seafarer union as dysfunctional
Russia state auditor blasts Total FRENCH oil company Total has been accused of serious environmental violations and costly damage at its Russian Arctic project, Kharyaga
BNSF profit gains, railroad to spend millions to speed up intermodal trains Burlington Northern Santa Fe boosts fourth quarter profit by 21%; budgets $750 million for track upgrades and expansion of intermodal hubs.
Heavy weather leaves Deltaport counting the grounded boxes Bad weather marked by violent winds in the past few weeks has left nearly 7,000 containers stranded on the docks of Deltaport, Vancouver's biggest box facility.
Interview: Pacific Shipping Trust to spend US$1bn on three-year ship acquisition spree Pacific Shipping Trust will invest US$1bn to buy ships in the coming three years, which implies an investment of US$300m a year, says its trustee-manager PST Management.
Fuel pumping work to start on MSC Napoli tanks
UK ports await news on infrastructure funding
Berlin and Brussels negotiate over Maut compensation for German truckers
Fire and rain hit Australian freight services
Pyeongtaek to open two new berths this year
APM Terminals to extend Pipavav facility
Pacific Shipping Trust achieves an annual yield of 9.17%
Longer quay for VICT will increase handling capacity
Samudera Indonesia to buy two new containerships
Colombian port in US$150m tooling up exercise to handle regional cargo
Thailand expects 10-12.5% export growth for 2007
Santos port authority accused of manipulating water-depth statistics
Eimskip falls to annual loss Expanding Icelandic boxship and reefer owner pushed into the red by higher costs.
Offen ship grounds in France Maersk-chartered container ship re-floated after running aground in port of Le Havre
Teekay in CNG alliance Top tanker owner to help develop gas pipeline aboard ship project.
Maersk ups ante at Pipavav Danish shipping group planning another berth at expanding Indian box terminal.
Ship blaze off Japan Ten Chinese crew members plucked from burning vessel off Japan's southeast coast.
CMA CGM: 'No link to previous grounding' Previous charterer of vessel listing off UK coast denies any link to 2001 incident which required extensive repair work.
Wang plots huge expansion Seaspan boss wants to add 15 containerships a year to more than double the fleet by 2012.
Another bulker aground Salvors battle to prevent bunker spill from Fidakis handymax off Cadiz.
Star goes into orbit Shares soar almost 50% as Stanley Ho takes a gamble on Asian cruise line.
Cosco ship holed off Hawaii Gash below waterline sees 30-year-old Chinese vessel pulled into Honolulu for repairs.
DPS wins tanker deal Indonesian yard receives vote of confidence from Prestige Marine of Singapore.
Strait Shipping extends reach New Zealand owner adding Napier to coastal run for its Kent ro-ro.
More growth for ABG Indian shipbuilder continues to hike earnings in third quarter as orders roll in.
ICG buys Color Line ferry Norwegian owner sells 31,914-gt unit to Irish Continental Group to replace Normandy on Ireland-France route.
Varun profit shrinks Third quarter drop in earnings on lower revenue for Indian gas carrier and tanker player.
Rousse workers on strike Bulgarian shipbuilder operating without 100 of 1,000 staff this week in pay protest.
Wartsila inks HHI LNG pact Finnish group to make dual-fuel engines for gas carriers through new Korean joint venture.
Genco getting younger US-listed bulker owner confirms sale of oldest vessel in fleet at 'favourable price'.
Bibby adds Mira UK owner expands European operations with general cargoship from Germany's Rohden.
Ulstein to build big well intervention vessel Ulstein Verft is to build a big well intervention vessel for USD 135 million (NOK 875 million) to be delivered ...
Bergen biggest in shipping in Scandinavia No other city in Scandinavia has more merchant vessels than Bergen, 525 ships aggregating 5.3 million grt. In fact, the ...
Wärtsilä and Hyundai to form joint venture Wärtsilä Corporation and Hyundai Heavy Industries Co. Ltd intend to establish an equally owned joint venture Wärtsilä Hyundai Engine Company ...
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