Tanker rates for ME-Asia routes seen falling The cost of shipping Middle East crude oil to Asia, the world's busiest route for supertankers, may reverse five days of gains as the Chinese New Year holiday curbs demand for ships.
Mitsui Engg Q3 profit declines 60% Mitsui Engineering & Shipbuilding Co, Japan's third-largest shipbuilder, posted a 60 per cent decline in third-quarter profit from a year earlier, when a one-time gain from the sale of a boiler unit boosted earnings.
Dry-bulk shipping costs may rise for 2nd week Shipping costs for coal and other commodities may extend gains for a second week as demand to move iron ore rises on speculation Chinese steelmakers and three miners may be close to a price accord on annual supplies.
ABS faces Spanish Prestige appeal SPAIN has officially filed papers confirming that it will appeal last month's US District Court loss in the Prestige case
Florida probes cruise surcharges THE Attorney General of Florida has launched an investigation into cruise lines' recently implemented fuel surcharge practices
HK owners play down bulk slide BULK owners in Hong Kong have shrugged off the current slide in dry bulk rates, confident that the China economic boom will be sustained
Container volume up 4% at Virginia port Port of Virginia handled 2.128 million TEUs in 2007, up 4 percent on the previous year and the sixth consecutive year of growth.
Homeland Security gets 7% budget increase from Bush
Seattle volume flat
Maersk Line, Evergreen share Asia-Europe slots
Trailer Bridge lands Costco's Puerto Rico business
CMA CGM makes Malta terminal extension official
DoD extends RFID pact
Agents protest Nehru fee
Hamburg Süd names box ship
DHL re-validated for C-TPAT
Trans-Pacific carrier rate groups cut fuel surcharges
Union merger go-ahead British and Dutch seafarers vote to create world's first transnational union.
Green freight desk launched Veteran who launched MJLF into vegoil emerges at alternative energy trading house to start a tanker desk.
Feedership sells for $29m Rudolf Schepers sheds the 868-teu Margaretha, as Arkas fetches $21.2m for a 1,020-teu boxship.
Teekay Offshore hikes payout Teekay spin-off increases quarterly dividend by 3.9% to $0.40 per share.
Sunrise fetches $42m A Japanese buyer picks up a single-hull VLCC, as a handymax tanker goes for $44.8m.
LNG fight goes to court The company that hopes to build an LNG terminal in Massachusetts is suing the US Coast Guard for access to records.
Box ports in emissions storm US container ports draw the wrath of a new report for being a major source of air pollution and posing a health risk to millions of people.
New Times order resold Vafias-controlled Stealth Maritime buys up two 114,000-dwt newbuilding tankers for $76m apiece.
Box hauler nabs big shipper Florida-based Trailer Bridge picks up exclusive Puerto Rico contract with wholesale chain Costco.
DIS still Poles apart Danish labour court rejects latest bid by union for equal pay for Polish seafarers.
Master rapped over pipeline snag UK accident report criticises Scinicariello aframax captain after anchor damages gas line.
Fund takes Oceanaut slice New York hedge fund QVT Financial reports a 14.1% share in the US-listed bulker owner, six weeks after reporting a similar Top Ships stake.
Baalu: Sethu poses no risk Shipping minister denies controversial channel between India and Sri Lanka will worsen security.
MCA rejects pollution fears Recovery of Clipper-owned ferry stuck on Blackpool beach could take two weeks, Coastguard says.
SCI paying up for officers State-owned shipping company forced to offer incentives to avoid shortage of seafarers.
Calipso's dance extended US-listed Diana Shipping extends six-month charter to a full year on a panamax bulker.
UASC wants nine Owner eyeing a series of 10,000-teu newbuildings to meet its ambitious profit targets, president and CEO says.
Clean sweep for ASL Singaporean group banks record first half profits with shipbuilding, repair and chartering revenue all on the rise.
Essar edges up Indian tanker and bulker owner manages third quarter profit boost despite revenues shrinking.
Shipping in the clear Communications blackout not caused by rerouted maritime traffic, Egypt says.
Ferry in barge smash Up to 35 injured in Philippines as Ocean Fast Ferry ship fails to spot anchored vessel.
Hanjin workers threaten walk-out Welders recruited from Bohol for Philippines shipyard unhappy at training allowance.
Mipo bags chemical order Unidentified European signs for 10 chemical units at Hyundai Mipo in $511m deal.
Ship sinks off Iran Seven crew members rescued by passing trawlers as unidentified Iranian vessel falls victim to stormy seas.
Nasco looks overseas Chinese owner and manager seeks IPO as major shareholder prepares to sell up.
Evergreen shares with Maersk Taiwanese and Danish boxship lines strike slot deal for Europe to Asia services.
Tug seized off Somalia Vessel on maiden voyage to work at Sakhalin Island gas field hijacked by pirates off East Africa.
HHI lands Hapag-Lloyd sextet Seoul-listed shipbuilder confirms $843m six-ship deal with German boxship giant.
Incat inks newbuilding Aussie fast ferry builder wins newbuilding contract from Irish leasing firm MGC Chartering.
Hanjin Heavy stands alone Korean shipbuilder posts profit in five-month period since splitting from holding company.
NOL in strong year end Singapore liner operator sees healthy increases in volumes and revenues for last trading period of 2007.
Golden Ocean ties-up two John Fredriksen- controlled bulker outfit finds long-term employment for two of its capesizes.
Solstad offloads oldies Norwegian offshore player nets $8m from the sale of two elderly units.
Mitsui falls Japanese shipbuilder's nine-month profit drops, but only because of a one-off sales gain in the previous year.
Yantai shelves listing plans Credit crunch claims another victim as yard says recent market turmoil makes listing "impractical".
CH Offshore's profits slip Singapore offshore vessel operator sees interim results dip 11.5% on smaller fleet and fewer sales.
Heavylift carrier stranded with five gantry cranes The stormy weather in the North Sea area led to a dramatic day for the crew on board the Chinese-owned heavy weight carrier Zhen Hua 10, which dragged anchors off Rotterdam and despite full engine power, the ship was ...
Scandlines ferry hit a bouy at Fredericia For the second time within a week a Scandlines ferry had to sail to a shipyard to have a hull damage repaired. This week is was the German-flagged Schleswig-Holstein that came into trouble after leaving Fredericia Skibsværft in ...
Svitzer tug hi-jacked off the Somali coast The Svitzer-owned tug Svitzer Korsakov was Friday last week hi-jacked off the Somalian coast, while on a passage from Suez to Singapore. The hi-jackers took command over the tug and according to recent information is on the ...
Capacity to rise at Russian terminal Fuel oil exports may nevertheless be cut after modernization.
New bunker trader for Bominflot
Wallenius Wilhelmsen signs deal with SMP Contract is one of SMP's largest for the supply of low-sulphur IFO.
Cleaner fuels could 'halve premature deaths' from ship emissions IMO presented with follow-up study predicting more than 80,000 premature deaths globally unless marine fuel sulphur content is cut.
Removal of bunkers 'a priority' Bad weather has been hampering operations to salvage ferry beached on UK coast.
Bunker leak in Panama Reports say 'thousands of gallons' of marine fuel was leaked during a pumping operation.
Rotterdam market soft
Dan-Bunkering takes in new trader in Denmark
Malaysia detains vessel for illegal bunkering Vessel refuelling a fishing boat was 'unable to produce' bunkering licence.
Singapore 380 cst forecast at $400-500 pmt into Q2 Forecast is based on expectations of crude price movements and a slowing US economy.
Chimbusco ups minimum barge supply volume in Dalian
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