Egypt planning S$8.1b expansion of Port Said Egypt unveiled a plan to expand the Suez Canal's Port Said into a maritime transport hub, with potential investment of more than 30 billion Egyptian pounds (S$8.1 billion).
ST Marine clinches Bluestone Offshore's conversion contract SIGNALLING that there continues to be work in all segments of the offshore and marine sector, ST Engineering's marine unit, ST Marine, tied up a $3 million conversion job from Singapore-based Bluestone Offshore.
Seaspan predicts cancellations as Evergreen slumps ORDERS for big boxships will be cancelled, delayed, or converted to other ship types if industry downturn is prolonged.
Ship order cancellations shrouded in secrecy
EU anti-piracy force swamped by requests BRUSSELS cell receiving five requests a day from ships looking for protection in Gulf of Aden.
Pirates off Cameroon threaten crew PIRATES who attacked an oil tug off the coast of Cameroon threatened today to kill the 10 hostages they seized within three days if their demands are not met
Anti-piracy blueprint issued SEVEN leading shipping organisations issued a three-step battle plan today "to address the scourge of piracy against merchant shipping"
Carnival suspends 1Q09 dividend CARNIVAL said today the corporation will suspend its quarterly dividend throughout 2009 in response to the credit crunch and a slowdown in consumer demand
EC slams door on Polish yard aid THE EC has decided that the bankruptcy-threatened Polish shipyards of Gdynia and Szczecin should not receive any more government aid if they are sold to investors
Kenya can use force to take Faina KENYA is considering using force today to free the hijacked Ukrainian ro-ro Faina, as authorised by the UN
PNSC in market for old tonnage PAKISTAN'S listed national flag carrier PNSC is in the market for second hand vessels, the company told Fairplay
House panel leaders urge 10+2 test Members of House Ways and Means Committee have urged Customs to take an intermediary step before controversial security filing rule becomes final
US, EU reach cargo-screening agreement
Marad halts short sea invites
Major drop for rail traffic
Seaspan narrows loss
NYK shuts Panama units
Lines trim bunker charges on China-HK to Australia
Safety at work In the 18th century, Dr Johnson wrote: 'No man will be a sailor who has contrivance enough to get him in jail; for being in a ship is being in jail, with the chance of being drowned.' Thankfully, conditions have improved for the modern day seafarer but the 20 crew of the Turkish-owned 82,900dwt bulker the Yasa Neslihan held hostage by the hijacking of their vessel in the Gulf of Aden on Wednesday and the 180 other seafarers still held hostage on board 10 hijacked ships at the whim and mercy of Somali-based pirates, may be forgiven for not completely sharing that view.
Stocks recover; oil flat; charter market plunges
MOL to resign from ELAA
PIL and Wan Hai cull Asia-Europe service
Stobart shows strength in H1 08
Seaspan in the red: but business model in the pink
It's quotes time Britannia's empire shrinks and the fallout from ICI's collapse continues, but does anyone give a monkey's?
Mexico box move The port of Guaymas set to build a container terminal aimed at imports to the United States.
ICI in denial E-mail allegations reported by TradeWinds draw bankrupt Ukrainian bulker player out to deny involvement.
Tallink troubled Late delivery and rising fuel costs slash Ferry owner's full-year bottom line.
Box blues Taiwan's number two containership operator follows Evergreen in posting weaker nine-month profit in downturn.
Lay-up loss OSG America writes down Overseas Integrity as impaired but beats own estimates otherwise.
Less bulky Japanese coastal bulker owner Shinwa Naiko posts lower first-half profit as margins decrease.
Capital net leaps Capital Product Partners sees a 71% gain in quarterly profits, as the CEO says the company is ready to weather tough times ahead.
Ten crew seized Nigerian gunmen attack Bourbon AHTS in Gulf of Guinea taking 10 crew members hostage.
WW profit slashed Ingar Skaug-led shipowner sees third quarter bottom line sliced in half by unrealised losses but operating figures are on the up.
Wan Hai lower Taiwanese container line makes operating loss in first nine months, but saved by investments.
Rock and roll Services returning to normal after worst storms in twenty years disrupt port of Genoa.
Goldenport stung Grim market outlook from Paris Dragnis-led bulker player sees its stock take a hammering in London while other dry-cargo owners rise in Oslo.
Sincere slump Taiwanese bulker and tanker owner records lower profit for first three quarters as revenues decline.
Costs hit Rickmers Singapore-listed boxship owner sees huge leap in sales as fleet grows but finance and vessel costs bite.
Stig strikes gold Stig Remoy's Olympic Shipping has bagged a strong profit from the sale of a PSV to K-Line, brokers say.
MOL alone Japanese liner company scraps South America tie-up with PIL as it seeks to meet growing demand.
Damage limitation Paris Dragnis-led Goldenport Holdings is preparing for the worst from bulker and boxship markets.
Maiden mishap New SCI VLCC's first voyage ends in collision that sinks Cambodian cargoship off South Korea.
Brighter later Japanese tanker and bulker player Meiji Shipping expecting more profitable second half after posting lower interim figures.
Up, down for KLC Sales boom for Korean dry-bulk owner in third quarter but FFA and forex losses send profit south.
DFDS extends Danish owner charters Polferries ro-ro to gain foothold in Polish market on Swedish run.
Evergreen slumps Taiwanese boxship giant's nine-month profit plunges 78% in tougher global market.
KHI cuts Japanese shipbuilder expecting lower annual profit after interim numbers fall on stronger yen.
Precious purrs Thai bulker owner has seen third quarter profits more than double on higher rates.
Topaz makeover ST Marine to convert former Toisa PSV into geotechnical survey vessel for Bluestone Offshore.
OSG sets record US-listed tanker giant says third quarter performance was the "best in the company's history".
Double act K Line and Singapore's PIL set to launch new Asia-East Coast South America service in 2009.
DFDS and Polferries are joining forces DFDS and Polferries will start to cooperate on the ferry route Swinoujscie'Ystad. From November 1 2008 DFDS will charter the ro-pax ferry Wavel, owned by the Polish company. DFDS and Polferries have entered into a management agreement, saying ...
Ace-Link takes one vessel out of service Ace-Link A/S will withdraw one of the new mini-cruise vessels from its service between Helsingborg and Helsingør. After one year of service the company realizes that it was not possible to gain enough passengers to fill the ...
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