Baltic Dry Index rises to 4-month high on ore demand The Baltic Dry Index, a measure of shipping costs for commodities, rose to the highest in more than four months on demand for iron ore and a lack of available vessels in the Atlantic region.
Port Authority held liable for 1993 bombing A state appeals court ruled on Tuesday that the Port Authority was liable for damages caused by the 1993 World Trade Center bombing because it knew about but chose to ignore 'an extreme and potentially catastrophic vulnerability that would have been open and obvious to any terrorist who cared to investigate and exploit it'.
China fights iron ore freight premium as deadline looms China's steel industry still opposes including any freight premium in iron ore prices in negotiations with Australian miners, even as pressure rises to seal a deal in the next two months.
Allen slams USCG funding bill US COAST Guard chief describes $8.4bn Authorisation Bill as hindering the agency's core missions.
USCG issues 'symbolic' new ruling on Cuba stop-off ships
Stena places $942m order for fourth drillship STENA Drilling orders fourth drillship from Samsung but price is 50% higher than first three.
Fulford-Smith could stay at Clarksons RICHARD Fulford-Smith could continue to remain a member of the Clarksons team despite being asked to step down as chief executive.
Fulford-Smith ousted by Clarkson's RICHARD Fulford-Smith has been asked to step down as the CEO of Clarkson, the world's largest shipbroking company.
California ports shut by strike California's three main container ports of Los Angeles, Long Beach and Oakland were shut Thursday by a May Day labour strike. Operations at the state's other ports were reported to be severely curtailed
DryShips upgrades fleet GREEK operator Dryships is renewing part of its fleet, disposing of three mid-1990-built bulkers and acquiring three newer vessels
Chinese arms ship: Update AN Yue Jiang, the cargo ship at the centre of a row over an alleged cargo of arms, is not en route back to China but is waiting outside the port of Luanda, the ITF believes
Polynesia loses another cruise-ship PRINCESS Cruises' decision to withdraw the 700-passenger Tahitian Princess from its six-year base, the Tahitian port of Papeete, is causing concern in French Polynesia after a recent decline in South Pacific-based cruises
Cruise line folds after four months THE UK'S Van Gogh Cruise Line has folded, blaming high fuel prices ' only four months after the company was founded
Box bonus for Brazilian operator SEPETIBA TECON is about to invest Reais30m ($18.07M) in new equipment, including two super post-Panamax gantry cranes, so the Brazilian box facility can handle vessels of up to 8,000teu.
ILWU action shuts down W. Coast ports While the impact will be short-lived, the PMA says the work stoppage sets the wrong tone for ongoing labor negotiations.
Trailer Bridge suspends possible sale
Trans-Pacific fuel surcharges rise sharply
Oberstar rips administration on WRDA
Clinton, Obama co-sponsor Fair Currency Act
Lockheed to acquire Eagle Group International
Sluggish GDP in Q1
U.S., ASEAN talk trade
Ports America in Houston port container venture
New bid for Aloha cargo
India shipping conference agrees to cease operations
Probe scuttles sale Puerto Rico container barge specialist Trailer Bridge nixes strategic alternatives search amidst a US Justice Department probe.
Lawsuits fly in probe US container liner operators under investigation by federal officials are named in a series of class action lawsuits by shippers.
Ports screech to halt Longshore union strike shuts down US West Coast ports, but operators say the move violates their labour contract.
MCA rejects arbitration offer Safety agency rejects offer of help from arbitrator to resolve dispute with coastguard union.
Bigger fleet buoys Hornbeck First-quarter profits jump by 32% at US offshore vessel and tank-barge player amidst growing OSV fleet and positive offshore market fundamentals.
Fulford 'devastated' No Russian plot behind swift departure but ousted CEO's handling under scrutiny.
Offshore orders stall Newbuilding contracts for support vessels hit the buffers during April with no new deals signed, broker says.
'Scapegoat' Fulford saw it coming Axed Clarksons CEO Richard Fulford-Smith says chairman was "after his head for some time'.
SeaRail secured Rail-ferry service between Finland and Sweden will continue after Tallink sells stake.
DryShips buys and sells US-listed owner confirms sales as it ups tonnage and continues a bulker fleet renewal.
Fulford's exit hurts Clarksons Stock in London shipbroker takes a tumble after shock departure of high-profile CEO.
Drydockings curtail Fisher UK owner's tankers off to slow start in 2008, but marine services performing strongly.
WSF scraps ferry plan Washington state owner deterred by cost of 50-car newbuilding and will continue to charter-in.
Tsar performer Right to buy half of compatriot terminal sends Novorossiysk Port to top of TradeWinds Shipping Index chart.
Passengers rescued from ferry Naval ships and helicopters save 113 after Naviera Armas ship began to capsize.
Magic three for Hellenic Greek dry-bulk owner Hellenic Carriers ties up latest panamax purchase with three-year charter to Hanjin at strong rate.
Five dead in Sydney collision Trawler collides with stolen cruiser normally used by workers of Sydney Ship Repair and Engineering.
CalMac charters Canna Scottish owner's ferry will continue N Ireland service for new operator after it lost out in tender.
Sea Containers settles SeaCo row Chapter 11 ferry owner ends dispute with GE Capital over joint venture box leasing firm.
Underwriters grab Seaspan stock Merrill Lynch and Goldman Sachs exercise over-allotment options to leave New York-listed shipowner on course for $230m pay day.
Arms ship still off Luanda ITF says Cosco vessel carrying arms for Zimbabwe shows no sign of returning to China.
Samsung confirms Stena drillship Swedish group signs for fourth drilling unit at Korean yard, at a cost of $942m.
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