Mitsui, K-Line raise full-year forecasts Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping lines, raised their full-year forecasts as China's demand for iron ore boosted shipping rates.
Thoresen Thai expects revenue growth Thoresen Thai Agencies, Thailand's leading dry bulk shipping firm, said yesterday it expected to report 2006/2007 revenue growth next month due to higher freight rates and strong earnings at its oil rig firm.
Gdansk workers demand early privatisation of shipyard About 200 workers at Poland's historic Gdansk shipyard demonstrated on Monday to demand the quick privatisation of their struggling workplace, with some burning tyres and setting off firecrackers in front of management offices.
Strait Talk
ELAA flies kites WELL, you've got to admire the style. The liner conferences will become illegal in Europe on Oct 18 next year but, last week, the Far Eastern Freight Conference (FEFC) issued a 'business plan' which gave absolutely no indication that it will cease to exist some time soon, or ever.
Mitsui, K-Line raise full-year forecasts Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping lines, raised their full-year forecasts as China's demand for iron ore boosted shipping rates.
Thoresen Thai expects revenue growth Thoresen Thai Agencies, Thailand's leading dry bulk shipping firm, said yesterday it expected to report 2006/2007 revenue growth next month due to higher freight rates and strong earnings at its oil rig firm.
Gdansk workers demand early privatisation of shipyard About 200 workers at Poland's historic Gdansk shipyard demonstrated on Monday to demand the quick privatisation of their struggling workplace, with some burning tyres and setting off firecrackers in front of management offices.
Strait Talk
ELAA flies kites WELL, you've got to admire the style. The liner conferences will become illegal in Europe on Oct 18 next year but, last week, the Far Eastern Freight Conference (FEFC) issued a 'business plan' which gave absolutely no indication that it will cease to exist some time soon, or ever.
Ferry officer "ignored collision" Winchester Crown Court heard today how three experienced yachtsmen may have survived had a P&O ferry officer offered assistance following a near miss or collision
Big profit hike at China yards A SIXFOLD surge in third quarter profits resulted in the shares of China State Shipbuilding Co advancing 8.3% on the Shanghai Stock Exchange
MarAd enters ballast brouhaha MARAD'S top lawyer has told shippers that the agency is working to soften the blow dealt by a California judge on mandated federal regulation of ballast water discharges
Korea to buy 2M more tonnes of LNG THE Korean government is negotiating with Oman to buy 2M tonnes of LNG annually
New Santos port opposed all the way ENVIRONMENTAL groups are stirring up strong protests this week against a plan for a 500,000teu per year container terminal to be built near Santos, Brazil
Mercator set for Singapore IPO Mercator Lines (Singapore) is to issue fresh ordinary shares by initial public offering on the Singapore Stock Exchange
Arctic weather not only obstacle to opening of Northwest Passage route Before opening the new Arctic maritime route connecting Asia to Europe and the U.S., the four nations that line the route will have to agree on tolls and standards for aids to navigation.
Bayonne City Council urges review of port proposals
Nike shifts to LNG vehicles for harbor trucking
TWIC schedule too slow, TSA told at hearing
APL deploys first 53-foot ocean containers
10+2 rule under OMB review
Port of Long Beach delays action on clean-trucks plan
Open for business Opportunities in the Indian shipping and shipbuilding market are on the agenda as TradeWinds shipping summit gets underway in Mumbai.
TMM tenders probed Senator and former Pemex official investigated over tenders won by Mexican tanker owner Grupo TMM.
Lawmakers aid Alakai Hawaii's senate passes a bill to allow embattled Hawaii Superferry to set sail.
Navios net doubles US-listed bulker owner reports a 116% increase in third-quarter profits on increased operating days and strong charter rates.
Mixed bag for Teekay Petrojarl Oslo-listed offshore owner sees revenue fall but there could be a silver lining somewhere in the North Sea.
Crew overpower Somali captors North Korea-flagged vessel said to be free again after crew take up arms against security guards who demanded ransom.
Eimskip grounds airline venture Shipping at core of Icelandic owner's plans as it disposes of Air Atlanta subsidiary.
Nanjing Water wins approval Chinese regulator okays share issue to fund seven new tankers for Shanghai-listed owner.
Make it a dozen Brazil's Petrobras and Noroil sign a pact that could lead to the construction of two VLCCs, possibly at the compatriot shipyard where Petrobras has 10 tankers on order.
Home comfort for Cosco Hong Kong-listed China Cosco Holdings reports large third-quarter profit as domestic trade increases.
China on Korea's tail Orders at Chinese shipyards more than double in first nine months of 2007.
Brits pitch camp in Piraeus London hedge-fund becomes second largest shareholder in Greece's biggest port.
Aboitiz turns it around Philippine ferry owner erases red ink in first nine months thanks to cost-cutting and selling ships.
Tsakos fixes forward European major takes Greek owner's two modern suezmaxes on charter for three years each.
Acergy extends Oslo-listed owner keeps $140m Petrobras support ship deal for another three years.
Varun prospers in third Indian tanker and LPG carrier owner pushes up third quarter profit on bigger voyage revenues.
Sinotrans readies bulker IPO State-owned firm could raise $800m when bulker division is listed in Hong Kong.
Euroseas hunts cash Nasdaq-listed owner wants to raise $114m from public share offering to finance fleet development.
Ship held as Somali deal sours North Korea-flagged vessel with 22 crew held by private security personnel as charter deal goes wrong.
KLC takes off Seoul-based owner sees profits climb by 981% despite its spending spree.
US Navy in Somali pirate chase Destroyer opens fire on pirate boats and gets nod from Somali government to enter waters to rescue crew of Japanese tanker.
P&O officer "left men to drown" UK court hears that Michael Hubble did not alert authorities after incident involving Pride of Bilbao and small yacht.
Russian ports face strike Tuapse and Sea Port of St Petersburg workers threaten November walk-out over pay.
Bulkers fire up Wartsila Finnish engine manufacturer sees increased orders for bulkers and ultra-large boxships pump up third-quarter figures.
MOL well ahead Second-quarter profit and sales surge at Mitsui OSK Lines but annual revenues not all they were cracked up to be.
Gdansk workers demand action Polish shipyard staff protest against potential delays in sell-off to Ukraine's Donbas.
Lord of the rings K Line claims golden profits as China demands more minerals ahead of the 2008 Olympics.
Water in cargo hold possible cause of capsize There are still four crewmembers missing after the tragic accident when the coaster Omer N capsized south of Danish Gedser on Sunday and in all, eight Turkish seafarers have probably lost their lives. The rescue operation has been discontinued and ...
Golden Ocean buys kamsarmax newbuilding contracts John Fredriksen-controlled dry cargo operator Golden Ocean Group has acquired eight newbuilding contracts for 80,000 DWT kamsarmax vessels for completive USD 410 million en bloc. They will be delivered quarterly from September 2008 from Zhoushan Jinhaiwan Shipyard in China ...
Japaneese tanker taken by Somali pirates The Japanese tanker Golden Mori has been hi-jacked by Somali pirates. The vessel was under way from Singapore to Aqaba, Jordan, with a cargo of benzene. US warships followed the tanker into Somali waters, but the pirates seem to ...
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