Red tape ties up efforts to subdue pirates Somali pirates firing automatic weapons and rocket-propelled grenades hijacked yet another ship in the Gulf of Aden last Friday, this time seizing a chemical tanker.
Avoiding pirates to cost Japan ships US$100m Japan's shipping industry would incur more than US$100 million in extra costs if its vessels change their routes to avoid rampant piracy off Somalia, an industry group said yesterday.
Suez traffic not affected Egypt denied that international shippers were avoiding the country's Suez Canal, the waterway that carried a tenth of the global seaborne trade in 2007, after an escalation in piracy off east Africa.
V.Ships vessel stranded in Gulf of Aden TERRIFIED crew refuse to sail ship further after witnessing Biscaglia hijacking.
Unarmed guards foiled in chemtanker attack
Greek officers held after drugs seizure DETAILS emerge of new case in South America, as Greek court was setting free Croatian reefer master Kristo Laptal.
Golden Ocean abandons Navios 'consolidation' plan BOLD plan by John Fredriksen-owned company appears to have been scuppered
Napolitano nominated for DHS ARIZONA Governor Janet Napolitano was nominated today, as expected, to head the Department of Homeland Security, signalling President-Elect Barack Obama's focus on coping with illegal immigration
Bohai invests near Tianjin BOHAI Oil, Marine Engineering & Supply has invested 2.45Bn yuan ($646.3M) to build a marine engineering division for Bomanke Marine HI
Golden Ocean shares slip 16.4% SHARES in Golden Ocean, the drybulk venture controlled by John Fredriksen, fell sharply on a bearish Oslo market after the group reported its results for this year's third quarter ' and revealed it had axed its interim dividend
Pirates fire on cruise ship DETAILS emerged today about how an 11-deck cruise ship evaded pirates who had opened fire over the weekend in the Gulf of Aden
Union role hailed in Polish yard deal POLAND'S treasury ministry said today it welcomed the part played by unions in what it called the settlement signed over the weekend on restructuring the Gdynia and Szczecin yards
WWL, NYK in car terminal venture MAJOR vehicle carrier companies Wallenius Wilhelmsen Logistics and NYK have agreed to build a terminal at the Indian port of Mundra
Adina could be released shortly PIRATES holding the Yemeni cargo ship Adina are reportedly prepared to release it today without a ransom being paid
New lows for box ship charter rates As market slips to levels of 2002 slump, rates likely to fall even further as carriers return more vessels to owners as they come off hire
Maersk Line shifts one PNW service to Port of Tacoma
Obama chooses Napolitano to lead Homeland Security
Navios reduced S&P cuts its outlook on Navios Maritime Holdings from "positive" to "stable".
Shares tumble US shipping stocks follow broader markets downward on gloomy economic data.
Sovcomflot surges Russian tanker owner reports 25% jump in nine-month profits after revenue soars.
Frontline cut Tanker owner's shares on the rocks on both sides of the Atlantic after a top analyst places "sell" tag on its stock.
'War zone' grows Unions and owners agree to expand "danger money" area in Gulf of Aden to include Yemeni coast.
Stena profits fall Swedish owner reports 66% drop in net income, but a company official says operational results are strong.
Sirius-ly? Somali president claims release of Vela VLCC imminent and without any ransom payment.
OSG extends DHT Maritime bags charter renewals on seven vessels from its former parent.
Maystar mayday Ship rescues 16 crew members, helicopters scrambled as vessel reported sinking off Malta.
Godau no go Unigas Kosan warns polluted waters of Vietnam's Thi Vai river can attack hull coatings and steel.
Delayed again Anders Holm-led Nexus puts back delivery of second vessel by a further 18 months and can tear up the deal at no extra cost.
Ship breaks arrest Damaged vessel detained in Tanzania is on the run after its unauthorised exit from Mtwara.
Ships needed Vancouver's Winter Olympics organising committee wants small cruise vessels as floatels for 2010 games.
Grounded Estonia's Tallink says it is sticking to ferry business after link to move for Estonian Air.
Golden not paying Golden Ocean suspends dividend and warns it will cancel or postpone newbuildings despite profitable third quarter.
Island incident Passengers, crew safe after Taiwanese vessel runs aground off Philippines, but authorities initially held them on suspicion of smuggling.
GOGL in at Navios John Fredriksen-led bulker owner has built a significant stake in Angeliki Frangou's Navios but a takeover is now off the short term agenda.
Faina deal struck Deal reached to free Ukrainian arms ship and crew from Somali pirates, but at what cost?
Lawyer is a victim Young Stephenson Harwood solicitor, Lo Hwei Yen, killed by Mumbai terrorists.
Minoan hit Greek ferry player's nine-month profit drops significantly on fuel costs as Italy's Grimaldi tightens grip on company.
IHB up Bulgarian shipbuilding group boosts nine-month profit by a quarter as costs fall.
Nigg hope Plans are afoot to turn Scottish naval shipyard into centre for ferry building.
Clipper content Danish owner has no plans to up its stake in domestic ferry operator Mols-Linien.
Cargoship burns Shanghai Vasteast vessel suffers significant damage in blaze at Luojing in China.
TTA booms Thai bulker operation rakes in $257m for year to 30 September, a golden era for dry cargo before the crash.
Close call Upmarket cruise ship Nautica shows pirates clean pair of heels after attack in Gulf of Aden.
FreeSeas fixes Varouxakis-led bulker player ties up 26-year-old handysize for 35 days at lowly charter rate.
Nepline turns red Malaysian tanker owner slips to a loss in third quarter on higher costs and reduced revenue.
Titan offloads Hong Kong-based owner and oil trader confirms sale of single hull VLCC Titan Neptune.
HUBLine falters Profits at Malaysian bulker and containers ship operator decline from a year ago on higher costs.
Frontline slashes dividend John Fredriksen-controlled Frontline reports a substantial lift in profits for the third quarter, USD 107.8 million against USD 22.7 million in the third quarter 2007. Despite this, the company announced that the dividend will be reduced to ...
Security guards fled from pirates An unarmed security group of three from UK security firm APMSS failed to fend off a piracy attack on the Liberia-flagged 27,350-DWT tanker Biscaglia. The group used water canons and an acoustic device but came under heavy and ...
New Samsø-ferry launched in Perama Samsø-Trafikken's new ferry was finally launched Thursday last week at Perama, Greece. The ferry is some months delayed as it was planned to be delivered in early October 2008 when Nordic Ferry Service took over the service between Hou ...
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