Iron ore demand drives up Baltic Dry Index The Baltic Dry Index, a measure of shipping costs for commodities, climbed for a fourth consecutive day on demand for vessels to haul coal and iron ore.
China Cosco expects up to 60b yuan asset injection China Cosco Holdings, the world's largest bulk-ship operator, expects to get as much as 60 billion yuan (S$11.7 billion) of assets from its state-controlled parent, said vice- chairman Zhang Fusheng.
TUI-NOL merger talks near collapse: report Talks over a tie-up between Germany's TUI AG , owner of container shipper Hapag-Lloyd, and Singapore's Neptune Orient Lines (NOL) have nearly collapsed, the Asian Wall Street Journal reported yesterday, citing two sources familiar with the deal.
Yards face cancellation crisis from credit fallout CONFERENCE told second and third tier Korean and Indian owners likely to withdraw vessel orders.
Banks say no
Sea World orders chemical tanker series at SPP TANKER arm of Greece's J. Laliotis group inks deal for up to six advanced medium range product/chemical carriers.
Tough talks ahead as ILWU seeks new deal DOCKWORKERS set to negotiate new labour contract amid warnings talks "will not be a walk in the park."
Gavio Group outlines big plans for Italy's ports THE Italian motorway, trucking and logistics heavyweight diversifies into port investment.
Don't ignore the numbers EUROPEAN shipbuilding is becoming increasingly aware of its own mortality.
Have your say! US Coast Guard Commandant Thad Allen has ordered everyone connected with the service to show more respect to merchant mariners
Deutsche promises more ship cash DEUTSCHE Bank, largely unscathed by the surge in sub-prime losses, is forging ahead with the expansion of its ship lending business despite the liquidity squeeze in the inter-banking markets
Humiliated Requiaos call 3rd tender DESPITE setting in progress a plan to set up its own dredging company ' to be called Companhia Dragagem de Paranaense (CDP) ' the Paranagua port authority is issuing another dredging tender on 10 March
Grieg elected new president of NSA ELISABETH Grieg was elected as new president of the Norwegian Shipowners' Association (NSA) at its AGM today
ITC shares traded from Friday TRADING in the shares of Independent Tankers Corporation (ITC), the latest spin-off from Frontline, will start on the OTC market in Oslo on Friday 7 March
K-Sea plots new IPO JONES Act tank barge and tugboat operator K-Sea is planning an initial public offering of up to $100M in common units, despite current pressures on public markets
LA port clean-air plan now a power struggle Clean Air Action Plan now has more to do now with lawsuits, ruthless politics and union organizing than it does about reducing emissions at the port.
Royal outlook Royal Caribbean sees brighter first quarter as it raises its forecast to between $0.30 and $0.35 in earnings per share.
Bill calls for double hulls Leading US lawmaker on transportation introduces a bill seeking double-hull bunker tanks.
Log-In profits climbing Brazilian container logistics company and coastal boxship operator sees 11% growth in fourth-quarter profit and sees full-year results soar.
Petrobras' FPSO pains Brazilian oil and gas major shells out $616m payout to avoid FSO and FPSO conversion delays, and the company raises doubts that the funds will be reimbursed amid a legal battle.
MCA fears over strikes UK agency head warns on safety being compromised and damage to reputation.
K-Sea floats IPO US tank-barge operator's parent, K-Sea GP Holdings, reveals plans to launch a $100m initial public offering.
Ficus floats Shell-chartererd tanker on its way for underwater inspection after successful re-floating off Bahamas.
Norway's first lady Elisabeth Grieg "humbled" to become first woman to take presidency of Norwegian Shipowners' Association.
DB comes through crunch Deutsche Bank's ship finance arm grows profit in 2007 despite credit crisis.
Ship sinks, one dead off Japan Search on for three Filipino crew of Korean vessel which sank after colliding with two other ships.
CMA CGM confirms con-ros As mooted Hyundai Mipo bags order for quartet of container/ro-ros for French box giant.
Owner rapped over collision UK tells France's Transmanche to ensure full training in ship handling after ferry accident in Newhaven.
OOIL slides Hong Kong-listed boxship player sees stock fall after it opted not to repeat special dividend payment.
Fredriksen seeks TUI seat Tanker tycoon looking to boost his influence at German group amid reports merger talks with NOL have stumbled.
Chemical scare on Kiwi ferry Emergency services alerted to spill of phosphate from rail wagon on Toll's Aratere.
Daewoo yards ahead Increased orders for high-priced vessels push net profit up almost 450% at DSME.
Aker goes to arbitration Row with Kleven Maritime over sale of Floro shipyard could be settled this summer.
Palmali circles Volgotanker Turkish owner sets aside cash to snap up chunk of bankrupt Russian rival's fleet.
STX eyes prize year Korean shipbuilder aiming for over $3bn in sales this year as net profit soars in 2007.
Napoli inquiry opens Local council to consider issues of refuge for ships and public disorder following boxship beaching in 2007.
More for China Cosco Parent Cosco could transfer another $8.44bn of assets to listed boxship and bulker unit.
Zlomrex tipped for victory Steel distributor the likely winner of battle to buy Polish shipbuilder Gdynia.
Elisabeth Grieg new NSA president The Norwegian Shipowners' Association (NSA) Annual General Meeting has elected Elisabeth Grieg, the Chief Executive of Grieg International AS, as the Association's new President. Grieg (48) was proposed unanimously by the election committee and succeeds Trygve Seglem of Knutsen OAS ...
Greece courts London Greeks George Voulgarakis has, as the first Greek minister of shipping ever, visited the London-based organisations Union of Greek Shipowners and Greek Shipping Cooperation Committee. He brought with him a message from the Greek government, which has the ambition to ...
Oil price shoots through the roof This week, the crude oil price passed the USD 100 per barrel mark in the futures trading at NYMEX in New York, and a record-high price of almost USD 104 was quoted on Monday. The price hike was not ...
Market firmer as US crude stocks dip Crude rally continues on OPEC decision and unexpected inventory decline.
Heavy fuel oil flow to East Asia continues April cargo volumes at 12-month high but players warn of 'shortage of quality'.
Bunker market report from Praxis
No change from OPEC Oil prices up after OPEC officials say group will maintain output.
Training programme tackles bunker recruitment shortages O.W. Bunker says international programme is 'first of its kind' in the bunker sector.
Rotterdam market quiet
New tanker for Fujairah player Second of eight newbuilds on order for Middle East firm has begun operations in Fujairah.
Europe still willing to work through IMO European Commission source says environment ministers will wait to see what IMO decides before considering their own emissions reduction plan.
Maersk calls for urgent measures to tackle bunker costs A 'fair formula' needed in passing increased costs on to shippers.
Japan bunkers reach new peak Persistent product and barge tightness pushing prices up.
Four more newbuildings for Aegean Latest deal will bring Aegean's double-hull bunkering fleet to 44.
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