STX buys stake in Aker Yards for US$800m STX Shipbuilding Co, the first South Korean company to run a yard in China, will pay US$800 million to become the biggest shareholder in Norway's Aker Yards ASA, moving into cruise liners as competition with Chinese builders increase.
Asian medium-range tanker rates fall Asian medium-range oil-product tanker rates dropped because of a lack of cargoes after Japan's oil inventories gained.
Shrinking Lakes worry cargo carriers From his office at the port in Oswego, Jonathan Daniels stared at a watermark etched on the rocks that hug one of the commercial piers - a thick dark line several inches above the surface of Lake Ontario - and wondered how much lower the water would dip.
Strait Talk
Opening an ASF office is just the first step ACCORDING to Singapore Shipping Association president SS Teo, setting up a permanent office in Singapore for the Asian Shipowners' Forum (ASF) is a key step towards making sure the voice of Asian shipping is heard loud and clear.
STX buys stake in Aker Yards for US$800m STX Shipbuilding Co, the first South Korean company to run a yard in China, will pay US$800 million to become the biggest shareholder in Norway's Aker Yards ASA, moving into cruise liners as competition with Chinese builders increase.
Asian medium-range tanker rates fall Asian medium-range oil-product tanker rates dropped because of a lack of cargoes after Japan's oil inventories gained.
Shrinking Lakes worry cargo carriers From his office at the port in Oswego, Jonathan Daniels stared at a watermark etched on the rocks that hug one of the commercial piers - a thick dark line several inches above the surface of Lake Ontario - and wondered how much lower the water would dip.
Strait Talk
Opening an ASF office is just the first step ACCORDING to Singapore Shipping Association president SS Teo, setting up a permanent office in Singapore for the Asian Shipowners' Forum (ASF) is a key step towards making sure the voice of Asian shipping is heard loud and clear.
STX in $800m bid for Aker Yards stake THE South Korean shipbuilding group will pay $800m to become the biggest shareholder in Norway's Aker Yards.
STX Shipbuilding looks to build on its Chinese lucky break
Claimants appeal for QM2 walkway admission CIVIL claimants in the walkway trial make eleventh hour appeal to defendants to admit responsibility for the collapse of the walkway.
Dry cargo trades head for hyperdrive GLORY days for shipbrokers - as dry cargo rates hit jaw-dropping heights - look set to continue.
Neptune and Solomon WE MIGHT expect a lively time over the coming years in the matter of undersea jurisdiction.
Tired of London, tired of its life YOU cannot deny that the City is regarded as the source of a great deal of influence, even though it makes us hate it more.
Omani oil output to increase Oil production from the Indian Ocean Sultanate of Oman will gradually increase from next year, the country's Oil & Gas Minister, Dr Mohammed bin Hamad al Rumhi, has told the state-owned Oman News Agency
Brazil cruise kicks off early THE Brazilian cruise season started this week in the northeast of the country, five weeks before the usual sourthern hemisphere summer seasonal starts
Malaysia promotes home shipbuilding MALAYSIA has allocated a fund to subsidise its shipbuilding industry
Emissions 'will not be tolerated' SHIPPING accounts for 2% of the global share of CO2 emissions, says Henrik Madsen, President and CEO of classification society Det Norske Veritas
Port of Portland box volume cools Nine-month container volume at the Columbia River port climbed 29%, but that was off from the torrid 35-40% pace prior to September.
Wildfires briefly close key S. California rail route
TWIC enrollment at Corpus Christi to begin Nov. 1
ACE revenue tops $1B
UPS profit up in Q3
Danaos orders quintet of 12,600-TEU vessels
Excel charters dry bulk duo
New procedures for motor freight classification group
Big Britannia boost Britannia Bulk profits more than double as Anglo-Danish owner grows its chartered-in fleet.
Supply vessel sinks In the second vessel fire in Sonda de Campeche in two weeks, a crewman is missing after an offshore supply vessels sinks off Mexico.
Euronav posts loss A weak tanker market leads Belgian owner to post a $23.3m net loss, a sharper fall than an analyst expected.
Pollution law kicked out An EU law seeking to criminalize shipowners for pollution is booted into touch.
St. Lawrence slows down Great Lakes connector seeing tonnage decline as high freight rates and the weak dollar bring in fewer 'salties'.
Fix-it site gets bigger San Francisco's port launches cruise-targeted drydock expansion to become the west coast's only post-panamax facility.
Apeejay ship in Greens sting Greenpeace activists unveil coal protest in high-speed manoeuvre on Indian bulker.
Lee in Eminent move Singapore offshore owner enters joint venture to create new shipowning arm.
Nigeria offers up seafarers Labour minister begs owners to tap crewing resource in African country.
Braemar bides its time UK broker's boss Alan Marsh will not be rushed into buying smaller outfits for inflated prices.
CMES firmly in the black Chinese tanker owner posts healthy profit in first nine months since Shanghai IPO.
Down but up at Qatar Nav Third quarter figures dive but year-to-date net profit well ahead of last year at Qatar Navigation.
Limarko living it up Stronger markets send Lithuanian reefer owner's nine-month profit soaring 46%.
Aker shoots up Shipbuilder's stock soars in Oslo as investors show approval for $800m STX deal.
Taking stock Tanker giants are not over valued while vessel prices remain at record highs.
FOP flops A lack of gains from disposals, higher expenses and currency losses push Fred Olsen Production into red in third quarter.
SembCorp cashes in Singapore-based player banks $156.9m from sale of 39m Cosco shares following departure of finance director yesterday.
From strength to strength London broker Braemar bullish after growing profit in first half, thanks in part to bulker gold rush.
No cheapskates for DP World Emirates port giant sets out strict criteria ahead of its November IPO.
Billions for Severnaya Russian shipyard lines up rubles to modernise production facilities.
STX takes a slice of Aker South Korean shipbuilder says it wants to remain a "minority shareholder" after $800m investment.
Golden Sky's owner sentenced to pay for damaged cable Grossline Shipping Ltd, the owner of the Cyprus flagged vessel Golden Sky, have been sentenced to pay LVL 183,600 (EUR 216,000) to the Latvian company Lattelecom for the damages the vessel caused to an underwater optic cable when it grounded ...
Gustaf Erikson in talks about manning of German vessels Rederiaktiebolaget Gustaf Erikson in Mariehamn, Åland, is talking with a large German shipping company about manning services for two vessels. According to Mr Ove Eriksson, managing director of Gustaf Erikson, the German company is a pure ship owning company with ...
MSC accepts temporary IDE-base in US The Maritime Safety Committee, MSC, of IMO has accepted an offer by the United States of America to build, host and operate a temporary base of the International LRIT Data Exchange ' IDE. MSC has also agreed that a permanent home ...
Royal flush, hedging its bets Record results for cruise line even with 7% higher fuel bill.
Tanker companies heading for a fall Tough times for tanker owners as industry faces fleet glut and charter rates that don't even cover the bunker and debt bills.
Port closed by wildfires, air quality affected Only 'essential staff on duty' and air at 'very unhealthy' levels.
INTERTANKO tight-lipped on emissions Says it has no intention of commenting on its report to IMO containing shipping fuel use and emission estimate.
Rotterdam bunkers remain firm
Oil prices to ease with OPEC hike Kuwait official expects 'positive effect' on the market from OPEC's increased output.
Hong Kong urged to act on ship pollution Complaints about exhaust emissions have led to warnings, but no prosecutions.
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