Nippon Yusen cuts Europe service on falling demand Nippon Yusen KK, Japan's largest shipping line, reduced container service between Asia and Europe by 10 per cent last month on falling demand, following similar cuts by Kawasaki Kisen Kaisha Ltd.
Shell eyes floating LNG units for Iraq, Egypt Royal Dutch Shell is studying the use of floating liquefied natural gas (LNG) terminals to ship gas produced in Iraq and Egypt, a senior Shell executive said yesterday.
Samsung Heavy Q3 profit rises 23% Samsung Heavy Industries Co, the world's second-largest shipbuilder, said that profit in the third quarter rose 23 per cent to a record as it built more vessels at higher prices.
NOS netting facility to ease fears of FFA market's 'bloody Friday' FACILITY provides a system that will clean up trades multilaterally, protecting credit lines and cashflow.
Brokers braced for FFA market D-Day
Global economic winter to last until 2011 the earliest, says Morgan Stanley THE GLOABL economy may not start to recover from the financial tsunami for at least another two years a regional head of major investment house, Morgan Stanley, has warned.
Nationalisation of banks could hit ship finance FEARS that government intervention could result in distorting competition.
Polish treasury sees EU yards deal Gdynia's portPOLAND'S deputy treasury minister has declared that Warsaw has reached a compromise with the EU and that a bill to allow its bankruptcy-threatened shipyards to be sold will be sent this week to the EC
Russian oil sector left in red MOVES to cut export duties on crude oil and petroleum products, signed by Prime Minister Vladimir Putin this weekend, are continuing to leave Russia's oil trade in the red
Norovirus erupts on cruise ship PASSENGERS on a Princess Cruises ship are stricken today in China with norovirus infections
AIB shutting its shipping desk IRELAND'S Allied Irish Bank announced today it will close the bank's shipping desk and scrap its dividend in an attempt to support its balance sheet
German ports keep top priority GERMANY must continue efforts to improve its port and hinterland infrastructure, regardless of today's slowing of traffic growth and the global financial pinch, a port umbrella group has warned
Master stabbed to death off Spain POLICE in Spain today are investigating the stabbing death of the captain of an Italian-flag general cargo ship
Steamship flips switch on investments STEAMSHIP Mutual, a leader among P&I clubs, has decided that it will no longer rely on investment income, in a response to financial market turbulence
Excel rockets US-listed bulker owner reports 544% increase in third-quarter profits as the Quintana merger slashes costs per vessel.
'Euphoria' fades Election Day optimism gives way to fall in US stocks, pulling shipping stocks into a plunge.
All fine for Fiori D'Amico International boss admits "surprise" at strength of product tanker market which shows "resilience".
FMM lends again Log-In Logistica scores priority status for a $168m loan to pay for 80,100-dwt bauxite carrier pair.
Chop splits market Peter Georgiopoulos' decision to axe $530m bulker sextet will lead Genco to a fourth quarter loss, analysts say, but opinion divided on the merits of the move.
Log-In ships coast Brazilian logistics firm posts slimmer profits but sees 180% rise in coastal shipping earnings.
Super-cycle dead Sverre Tidemand'led Belships says newbuilding influx and credit crunch have killed off five-year bulker boom.
BC court win A provincial supreme court justice upholds suspension of two BC Ferries employees in Queen of the North investigation.
Deja vu Pilot error? A bridge? Polys Haji-Ioannou-owned tanker Kition was victim of familiar failings, report says.
Erria down Danish chemical tanker owner suffers from higher financial costs in third quarter despite better markets.
Drill revenues fly Houston-based drillship and rig owner posts 14% profit rise as revenues more than double.
Norden sells Danish owner bags $30m for 2004 bulker, a 70% drop from June prices.
Boskalis buoyant Peter Berdowski-led dredging behemoth is banking on a 15% rise in profit this year.
Belships better Oslo-listed bulker owner sees third quarter profit more than double in declining market.
'Negative' Horizon Finding few catalysts for improvement, Moody's downgrades ratings on US containership owner's debt.
Russian rescue Crew of Fesco cargoship save 68 Somalis stranded in small boat off Malta.
Seatruck moves Moondance ro-ro heads from Irish Sea to start new Denmark-Norway service with Fredericia Shipping.
Up again Bulker owner Taiwan Navigation pushes profit and revenues higher in first nine months.
Genco ditches buy In "difficult market environment", Peter Georgiopoulos' bulker owner cancels deal to buy six newbuildings.
Samsung on song Pricey ship orders help Korean yard post higher sales, net and operating profit in third quarter.
Emergency! New Zealand seeks company to run Half Moon Bay ferries after operator Fullers pulls out in contract row.
Engine floods Vostokflot tanker suffers water ingress in Russia's far east due to valve defect.
Brit Bulk bust Arvid Tage-led Britannia Bulk enters administration after asset sale falls through.
Asia feels force Shipping stocks rise across the continent amid hope new US president will revive world trade.
OHL gets a lift Return to profit in third quarter for Norway's Ocean HeavyLift as revenues more than double.
Cable kills one Crewman dies and another injured after mooring rope snaps during bulker loading in Quebec, Canada.
Ro-ro revival Japanese owner Kuribayashi expecting second-half profit surge after seeing interim earnings decline.
More time? Poland reportedly to be given extra three months to sell off assets owned by Gdynia and Szczecin shipyards.
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