Indian shipping companies see strong growth RUNAWAY crude oil prices are affecting Indian shipping companies for better or worse - depending on whether they use oil for fuel or carry it as cargo.
Damco in list of top 10 global freight firms Damco, the freight forwarding arm of giant Danish line Maersk marked its first year of operation by making it to the list of the top 10 global companies in its area of expertise. It was driven by an 'encouraging' 26 per cent revenue growth and 20 per cent increase in client base in the Asia-Pacific region, said Asia-Pacific head Jens Wessel yesterday.
Wartsila buys Vik-Sandvik Finnish engineering group Wartsila has bought Norwegian ship design firm Vik-Sandvik for up to 170 million euros (S$365 million) to boost its competitive position, Wartsila said yesterday.
Doosan may sell off assets to buy Daewoo shipbuilding
Ukraine releases report on Neftegaz-67 collision MINISTRY lays blame for accident on Neftegaz-67, Yao Hai and Hong Kong's Marine Department in draft findings.
DryShips buys four new ships in fleet renewal THE company is selling three older panamaxes for $213m and buying four bulkers for $400m.
Charges against OSG reinstated OIL dumping related charges against Overseas Shipholding Group and the chief engineer of one of its vessels were reinstated by a US federal appeals court yesterday
Eurogate forges inland terminal network GERMAN box terminal operator Eurogate is launching its own inland terminals to ease the pressure on its ocean terminals in Hamburg and Bremerhaven
IRISL earns revenues of $1.6bn ISLAMIC Republic of Iran Shipping Lines has increased its revenues by 60%
RCL buoyed over future terminal ROYAL Caribbean Lines feels buoyed by prospects of a new cruise terminal and growth in Asia's cruise industry to homeport in Asian-Pacific cities
Britannia P&I pays up for Pasha THE BRITANNIA Steam Ship Insurance Association will pay Newcastle Port Corp almost A$2M to cover costs incurred during the grounding and salvage of the Pasha Bulker
Princess will be salvaged MARITIME authorities in the Philippines have confirmed that they are forcing Sulpicio Lines to refloat the capsized Princess of the Stars
Maersk orders 16 container ships for South American trades Strong growth in trades to Asia and Europe spur the Danish carrier's second big order in as many weeks.
No deal yet: ILWU, PMA negotiators take a holiday break
Buyer and seller US-listed DryShips sells off three panamax bulk carriers, and it buys four from CEO George Economou.
Not enough Victims of the Norway boiler explosion say full restitution is much more than the $13.8m Norwegian Cruise Lines has been ordered to pay.
Order No 2 Maersk Line confirms second big order with an agreement for 7,450-teu boxships at Daewoo.
DVB backs Cheng Coalition of banks including DVB and Fortis Bank put up $325m long-term loan in the Energy Infrastructure Acquisition-Fred Cheng tie-up.
Goodbye Donna OSG VLCC Overseas Donna goes to unspecified Greek buyers for $137m, brokers say.
Gobbled up Finnish engine builder Wartsila splashes out on Norwegian ship design group Vik-Sandvik
Not just talk Buyers put their money ' $68m of it ' where their mouth is as Nordic Tankers reportedly sells a panamax.
Dry lifts Imarex Norwegian derivatives broker posts "new volume record" in second quarter thanks to bulker trades.
Sealink to list Malaysian shipyard and offshore vessel player launches IPO to fund expansion.
Enough for now Jaakko Eskola says Wartsila is now "a leading ship designer" after buying Vik-Sandvik, but is always looking to expand its other operations.
On the move Utilisation rates slip at Petroleum Geo-Services as more seismic vessels spend time steaming to the North Sea and Asia.
Kailing gets cable Chinese shipyard claims to be building country's first cable-layer for domestic power company.
GO gets cash Greek bulker owner leaving London bourse bags $130m loan from compatriot bank Marfin.
Where's Marimon? Mystery surrounds the fate of the captain of the ill-fated Princess of the Stars.
Double trouble Norwegian Dawn cruiseship rescues two US sailors in separate incidents within 12 hours.
Tsuji doubles up Japanese shipbuilder to set up second yard in China at a cost of $472m.
Selling to buy Korea's Doosan group could offload property and other assets to fund bid for Daewoo Shipbuilding.
Harris pulls IPO Handysize bulker player Maritime Capital latest listing candidate to pull the plug.
Frost fairwell Golar finally wraps up sale of Golar Frost to Livorno LNG operator with charter back before conversion.
Another handy Japanese ship financier Uni-Asia returns to Kanasashi Heavy Industries for newbuilding.
Havila orders SCV Oslo-listed offshore vessel operator adds to orderbook at domestic yard Havyard Leirvik.
Euroseas files Aristides Pittas-led bulker and boxship player looks to raise up to $400m in fresh capital.
Amiya Scan released The owner of the coaster Amiya Scan has paid a ransom of USD 1.25 million for the release of the coaster from Somali hi-jackers. The price is the highest ever paid for a release of a commercial ship ...
Wärtsilä acquires Vik-Sandvik Wärtsilä aims to become a leader in ship design and acquires global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The company has its headquarters ...
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