Boomtime for shipping firms as rates rise, supply tightens Shipping companies are sailing through this month's turmoil in financial markets and shareholders are poised for annual returns above 20 per cent.
Strait Talk
Training ships make a comeback THIRTY years or so ago, training ships for merchant vessel officer cadets were starting to be seen as things of the past.
Boomtime for shipping firms as rates rise, supply tightens Shipping companies are sailing through this month's turmoil in financial markets and shareholders are poised for annual returns above 20 per cent.
Strait Talk
Training ships make a comeback THIRTY years or so ago, training ships for merchant vessel officer cadets were starting to be seen as things of the past.
Alaska accident cause disputed IMC Shipping has agreed to pay $10M in fines and fees over the stranding of the bulk carrier Selendang Ayu, but rejects allegations that poor maintenance led to the ship's grounding
Bangla ports resume as curfew lifted CHITTAGONG and Mongla ports in Bangladesh have returned to normal operation with total withdrawal of the curfew from 0500 today
L&T to raise $700M for shipyard INDIAN engineering giant Larsen & Toubro is raising Rs28Bn ($700M) through global depository receipts, most of which will be used to build a new shipyard
Court blocks Hawaii Superferry THE Maui Circuit Court issued a restraining order yesterday that prevents Hawaii Superferry's new Alakai from calling in that island
Indian inlanders to trade coastal INDIA'S Director General of Shipping is preparing a plan to allow inland vessels to trade on coastal routes
Thai shipping hit by surging baht THE Thai baht's strengthening against the US dollar is hitting shipments of Thai goods to key markets
Greek bulkers head MCA list UK authority makes nine new detentions in July including Euroseas and Newfront vessels.
Surya plans new yard Indonesian shipowner to spend $230m on building new facility in Batam, south of Singapore.
Odense workers guilty of theft Two former workers convicted of stealing equipment from Danish shipyard.
CMES adds six more Two Chinese yards to build a VLCC and five capesizes for aggressively expanding domestic owner.
Taiwan Navigation recovers Taiwanese bulker owner posts first-half revenue and profit rises after last year's slump.
Grindrod steps down Chairman of eponymous South African shipowner calls it a day after 50 years with Ivan Clark stepping up to the plate.
Crew cleared of drug smuggling No evidence against five crew on Viken bulker accused of bringing marijuana into Turkey.
Box quartet targets Black Sea K Line, Yang Ming, CSCL and Zim go head to head with Grand Alliance from Asia.
Okskaya wins cargoship order Russian shipbuilder to deliver small vessel to Azov-Don Shipping later this year.
Ship hits Kiel lock Collision in Kiel Canal leaves lock door unable to open but German boxship suffers no damage.
Sales hurt Eidesvik Reduction in fleet size and weaker rate for one unit sends revenue and profit down at Eidesvik Offshore.
More in the tank at Lasco Profits continue to grow for Lativan owner boosted by performance of products tankers.
Hurtigruten cruising out of red Norwegian cruise and ferry group hopeful of break-even result in 2007, erasing last year's losses.
Sincere sees profit soar Gains from overseas investments add to revenue rise in first half for Taiwanese bulker and tanker owner
North Sea lifts Deep Sea John Fredriksen offshore support vessel outfit posts highest ever quarterly revenue figure as spot rates jump.
BW Offshore back with bang Oslo-listed production vessel player returns to profit in first half after delivering big FPSO conversion into Gulf of Mexico.
BW Gas boss accuses Norwegian government BW Gas boss, Jan Håkon Pettersen, accuses the Norwegian government of going back on its promises that the around NOK ...
New owner of C Express scrapped Danish ferry in 2005 One reason behind the Finnish environment agency SYKE unwillingness to regard information from the new owner of the ferry Casino ...
New container line Norway'UK/Continent A new container line ' established by Tschudi Shipping Company and the agency network Norwegian Transport Network ' will start a weekly ...
Residual ban could undermine Rotterdam market Dutch study says Rotterdam could lose the advantages that have made it a global bunker hub if there was a change to distillates.
Ship operator hedges its bunker bills DFDS says it has signed 'price-adjustment agreements'.
Damaged pipeline disrupts IFO supplies Karachi and Bin Qasim bunker markets face shortages.
Rotterdam market continues to firm
Saudi Aramco offers spot fuel oil cargo September-loading cargo offered for lifting from Yanbu refinery.
OPEC output enough, Iran says Iranian minister does not expect any change to OPEC oil output ceiling.
Hong Kong: Supply shortage on cargo delay Fresh cargoes scheduled to arrive next week.
South Korea avails to tighten Bunker supplies expected to tighten from September on refinery maintenance.
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