Baltic Dry Index sees biggest falls on record The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest monthly and quarterly drops on record as Chinese holidays curbed chartering and raw material demand from the country's steelmakers weakened.
Polish yards' fate in the balance as talks fail Poland's historic shipyards faced a risk of bankruptcy after emergency talks between the European Commission and Warsaw on Tuesday failed to resolve doubts over massive state aid they had received.
Chinese demand to prop up Gulf tanker rates The cost of shipping Middle East crude to Asia, down for the first day in seven on Monday, may stem further declines as owners anticipate Chinese refineries will accelerate their demand for vessels next week.
Jones Act execs plead guilty FIVE Jones Act carrier executives agreed to plead guilty Wednesday as the US Department of Justice probe into price-fixing took a stunning turn
Terminals fear truck plan fallout THE 'Clean Trucks Program' went into effect today in the ports of Los Angeles and Long Beach and terminal operators are warning of potential congestion
Arnold terminates box fee CALIFORNIA governor Arnold Schwarzenegger has vetoed a bill that would have imposed a $30/teu fee on containers handled by the ports of Los Angeles, Long Beach and Oakland
Dark signs on Polish yards POLAND has expressed dismay at what Warsaw sees as a negative EU reception for its plan to restructure the bankruptcy-threatened Gdynia and Szczecin yards
Faina ransom talks continuing PIRATES who hijacked the Ukrainian ship Faina are negotiating a ransom with the ship's owners, their spokesman confirmed today
100% scanning seen by 2012 TOTAL box scanning could be attained within four years, BIMCO'S head of security told a port security conference today
Companies fail to report piracy THE IMO today hit out at shipping companies that fail to report piracy attacks in the Gulf of Aden
4 admit guilt in Puerto Rico antitrust case The executives have agreed to jail terms for their role in a "wide-ranging conspiracy to rig bids, fix prices and allocate market shares."
5 carriers to launch Asia-Australia VSAs
CN fights 'broken process' in EJ&E deal
AES not being enforced
Schwarzenegger rejects Lowenthal bill again
Trucking activity slows as LA-Long Beach program starts
Guilty pleas Five at Sea Star and Horizon agree to plead guilty to criminal charges in a federal investigation of US-flag container shipping.
Stock rollercoaster Volatility is the word of the week as shipping stock drop with broader markets.
Cash crowned In India, Konig & Cie managing director says the shipping sector will have to figure out how to get through a period with less debt available.
Estimates cut Economic factors and freight rates take their toll on New York analyst's estimates for bulker owners.
Norden a 'buy' Danish bulker giant may have seen profit forecast shrivel but many analysts see a silver lining.
Curtains down TradeWinds Web TV closes the book on the 2008 India Shipping Summit.
Probe 'ongoing' Although Stolt-Nielsen has settled in a Canadian enquiry into the parcel tanker industry, the case continues.
A&B downtown Matson Navigation parent Alexander & Baldwin's shares move from the Nasdaq to the New York Stock Exchange.
Bulker blues Norden slashes 2008 fiscal forecast following record monthly drop in Baltic Dry Index.
More grain pain Argentina's farmers return to protest mode, vowing not to sell grains for export.
TEN backs shares Greek tanker owner to buy back another $40m of its own stock, which it still views as a bargain.
Box wages surge Containership owners see crewing costs jump by a fifth in past year, dwarfing the industry average.
Summer stunner Deep Sea supply's AHTS fleet sees September income rise as spot rig move rates enjoy best month in nearly a year.
DVB goes SE German shipping bank DVB has converted to a European public limited company to broaden international profile.
Crowley pens 10 US owner Crowley Maritime returns to compatriot shipbuilder with order for heavy-lift barges.
Double deal? Washington State Ferries may have found a buyer for two unwanted passenger-only vessels.
High and dry? Is India feeling the current dry-bulk pain? Will China once again come looking for Indian iron ore?
Poland peeved Treasury minister Aleksander Grad attacks European Commission for its handling of shipyard restructuring negotiations.
Bye bye! Nearly 90% of Malta Shipyards workers take early retirement cash as government prepares sale.
FDI won't fly Foreign direct investment is slow in coming to India while even Indian owners are looking abroad.
Sanctions stretch Japan to extend ban on calls by North Korean ships beyond 13 October expiration.
Meridian lined up Pacific Basin offshoot takes over 100% of Liverpool-based Meridian Maritime Services.
No Janice effect A cut in Maersk's North Sea activity will not hurt spot market, brokers say.
Paving the way Ministry of Shipping official says India wants more foreign investment in the country's shipping sector.
Seizing on Siem Arild Borgundvag boosts holding in offshore owner after its share slumps nearly 33% in past month.
Ulysses rescue Irish Ferries ship saves yachtsman struggling in gale force winds off Wales.
Hanjin bond bid Korean container line is trying to shift KRW 200bn of notes carrying 7% interest.
Strategic sale Australian shipyard group finds buyers for two more crew boats built on spec.
Kystlink gives notice to 150 employees The Norwegian ferry operator Nye Kystlink AS is likely to close down the triangle service from Langesund to Hirtshals and Str'mstad in the near future and has given notice to their 150 employees. The company is in acute need of ...
Faina's master died The International Merchant Marine Registry of Belize has now confirmed that the master of the hijacked ro-ro vessel Faina, the Russian Vladimir Kolobkov, has died in a heart attack, reports Tradewinds. The Belize-flagged Faina, carrying 33 Soviet built ...
Fjord Line proceeds sailings to Kristiansand Fjord Line's high-speed catamaran, the Fjord Cat, will continue sailings between Kristiansand, Norway, and Denmark during the summer season. The company has decided that, due to rough winter weather conditions and lower customer demand, it is not feasible to ...
Terpel announces new move Colombian bunker supplier informs of new contact details.
European fuel oil down after firm opening Rotterdam supply could improve later this month as arbitrage window to Asia closes.
US oil inventories recover First crude oil gain in six weeks bigger than forecast.
Future of shipping to dominate Washington conference Event will define 'some of the most important issues to face the shipping and bunkering industries for decades' says forum organiser.
Russian fuel oil exports via Estonia shrink September volumes fall and year-to-date shipments are down.
Global bunker market report
Prices bounce in Asia markets Crude oil weakens ahead of US stock data.
Bunker removal 'underway' Philippines authorities step up salvage operations
ARA - some suppliers fully booked this week
Dual-fuel engine factory inaugurated Wärtsilä says its dual-fuel engine can switch seamlessly between natural gas and traditional marine fuels.
New bunker supplier in India Gujarat-based trader planning to expand business after being certified as a registered physical supplier.
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