India's Gati makes S'pore regional HQ After a two-year gestation, India's leading homegrown express distribution and supply chain solutions provider Gati has finally decided to make Singapore its regional headquarters as it ramps up its expansion into the Asia-Pacific region and globally.
Croatian shipyards face restructuring Time stood still on the docks of 3.Maj shipyard as the champagne bottle swirled and smashed against the hull of a tanker being launched for Latvian owners.
STX pledges to maintain structure of Norway's Aker Yards South Korea's STX Shipbuilding pledged on Monday to maintain the structure of Norwegian group Aker Yards after the EU cleared it to take a controlling stake in Europe's biggest ship maker.
Strait Talk
Should industry be prepared for biofuel? OVER the years, the cargoes carried by the shipping industry have changed and ship designs have evolved to meet market design. One of the most striking developments at present is the rapid expansion of the liquefied natural gas (LNG) carrier fleet which will soon only be a bit smaller, in terms of numbers, than the very large crude carrier (VLCC) fleet.
India's Gati makes S'pore regional HQ After a two-year gestation, India's leading homegrown express distribution and supply chain solutions provider Gati has finally decided to make Singapore its regional headquarters as it ramps up its expansion into the Asia-Pacific region and globally.
Croatian shipyards face restructuring Time stood still on the docks of 3.Maj shipyard as the champagne bottle swirled and smashed against the hull of a tanker being launched for Latvian owners.
STX pledges to maintain structure of Norway's Aker Yards South Korea's STX Shipbuilding pledged on Monday to maintain the structure of Norwegian group Aker Yards after the EU cleared it to take a controlling stake in Europe's biggest ship maker.
Strait Talk
Should industry be prepared for biofuel? OVER the years, the cargoes carried by the shipping industry have changed and ship designs have evolved to meet market design. One of the most striking developments at present is the rapid expansion of the liquefied natural gas (LNG) carrier fleet which will soon only be a bit smaller, in terms of numbers, than the very large crude carrier (VLCC) fleet.
India Register gets monopoly on statutory surveys LEADING class societies have lost authorisation to undertake statutory surveys on Indian flag vessels.
Indian Register takes centre stage in Asia
Tui board squares up to Fredriksen at AGM battle JOHN Fredriksen has pulled out all the stops to secure the removal of Jürgen Krumnow as chairman of Tui's supervisory board.
SNRH wins injunction against licence suspension TUG crew back at work after court declares move by Le Havre port authority is invalid.
French workers walk from yard talks A FRENCH government pledge to exert a right of access over investments and strategic decisions at STX-controlled Aker yards has failed to quell angry complaints from unions.
Liner lobbyist joins Team McCain WORLD Shipping Council president and CEO Christopher Koch is departing his post as the liner trades' chief advocate in Washington to serve as policy coordinator to presidential hopeful Senator John McCain
Orders push up GL profits GERMAN class society Germanischer Lloyd recorded a 15% increase in revenues to €421.7M ($656M) last year, driven by acquisitions and new contracts for its industrial services division
Finnish tonnage tax bill mooted ' again FINLAND'S finance ministry plans to present a draft bill for tonnage tax in the next few weeks in an effort to put an end to the continuing slide of the nation's merchant fleet in its foreign trade
Drapeng Sun completes maiden voyage The Drapeng Sun, the first LNG ship built in a Chinese shipyard, completed her maiden voyage on 2 May, 2008, according to a report in Bloomberg
DFDS sells four tramps DFDS, the Copenhagen-based listed shipping and logistics group, has sold four tramp vessels from its DFDS Lisco subsidiary in Lithuania.
Eagle sinks talons into profits Net income soars by 69% on fleet growth and charter rate gains.
Dirty dozen Eleven held last month in US over safety and pollution deficiencies, plus one for security failings.
Builder mulls boxship yard Brazil's Maua shipyard has reportedly made inquiries about building a containership yard at a northeast port complex.
Up and down for Teekay Lazard Capital Markets analyst drops first-quarter earnings estimates after ratcheting down aframax rates, but second-quarter projections get a boost.
Irish bank in for 10% A Bank of Ireland investment advisor arm in Connecticut lifts holding in spin-off Teekay Tankers.
Ferry 'practically sunken' Officers union calls for an investigation after a Naviera Armas ropax has spent nearly a week grounded off Morocco.
Chopper lifts burn victim The US Coast Guard medevacs a 22-year-old crewman from a Jo tankers chemical tanker.
Star Bulk no longer has an Iota Greek bulker owner offloads oldest unit in fleet, Star Iota, to Shanghai-based outfit for $18m.
D'Amico earnings jump 77% Italian products tanker player sees first quarter profit aided by ship sale.
Erria selling Turkish newbuilding Danish owner puts 60% of latest chemical tanker delivery from Celiktrans Shipyard up for sale.
Aker Philly gets $150m boost Oslo-listed yard bags funds to complete 12-ship order from its former partner.
DFDS sells four Danish group completes exit from tramp shipping after selling multipurpose quartet to Greek interests.
Fredriksen attacks TUI 'club' Tanker tycoon slams German group for not cashing in on the shipping boom and challenges it to behave like a public company.
Tanker shot at off Somalia Dutch chemical tanker sustains "minor damage" after coming under fire 300 miles off Somali coast.
FEFC calls it a day Liner group to cease operations in October as Europe ends conference system.
EMERA tries for westbound hike Europe to Middle East box conference wants $200 per teu more to combat delays and higher costs.
Aboitiz loss widens Philippines ferry owner hit by higher fuel costs in first quarter.
Mogster steps back Norwegian shipowner resigns as chairman of Dof Subsea and will be replaced by CEO Mons Aase.
First is good for First Steamship Taiwanese bulker owner almost doubles profit in initial three months of 2008.
Engineer sacking "illegal" Philippines supreme court finds CEC third engineer wrongfully dismissed back in 1999.
Samsung strengthens Korean shipbuilder's first quarter profit rises despite provision for Hebei Spirit oil spill.
Odfjell profits sliced in half Oslo-listed owner's first quarter income cut 57% due to lower returns from its parcel tanker fleet.
Unproductive MPC German fund manager MPC Capital sees first-quarter profit slide 70% as products fail to materialise.
Chinese behind Goldenport sale Greek still banks healthy profit from sale of oldie but price lower than reported and buyer not compatriot.
Neptune orders in China Norwegian offshore player goes to Sinopacific Group's Zhejiang Shipbuilding for two IMR ships.
Hyundai confirms record deal Marmaras of Greece paying $156m each for three VLCCs at Korean shipyard.
Profits halve at Belships Oslo-listed bulker owner sees first quarter results slump due to big increase in charterhire expenses.
Samudera surges ahead Profits up at Indonesian liner operator on better volumes, rates, utilisation and bunker surcharges.
More woe for CH Offshore Profits at Singapore operator slip by nearly 30% in third quarter due to whittled down fleet.
Foto session possible cause of cruise vessel grounding The grounding of the cruise vessel Mona Lisa some 10 nautical miles from the Latvian coast on Sunday morning, might be investigated by the flag state Bahamas. The vessel is stuck in the sand on the wrong side of the ...
STX buy of Aker shares gets green light from EU The EU Commission has approved the STX buy of 39.2 per cent of the shares in Aker Yards. The South Korean shipbuilding group will become the largest shareholder in the company and is expected to have representatives elected to ...
Clipper joins up with Argentinean tanker company The Danish Clipper Group has joined forced with a new partner. This time it is the Argentinean company Petro Tank S.A. of Buenos Aires. Together with Clipper they have formed the company Petro Clipper for the purpose of developing shipping ...
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