Baltic Dry Index declines to lowest in 2 months The Baltic Dry Index, a measure of shipping costs for commodities, declined to its lowest in more than two months as vessel queues eased at Chinese ports.
Hellenic ordered to repay state aid THE European Commission is ordering Hellenic Shipyards, Greece's largest shipbuilding and repair facility, to repay €230M ($360M) in state aid it has deemed unlawfully received between 1996 and 2002
BHPB, Baosteel agree ore hike BHP BILLITON and Baosteel have agreed an iron ore price increase equal to that of Rio Tinto and the Chinese last month
Slack safety behind Bangla blast POOR safety controls were to blame for the explosion that killed a ship demolition worker this week, says an official at Bangladesh's Department of Shipping
Tanker strikes berthed bulker A BULK carrier has collided with a chemical tanker at the Brazilian port of Santos, but there are no reports of injuries
Evergreen-tied bribery trial starts A BRIBERY scandal involving Evergreen of Taiwan has gone to trial in Los Angeles
Will ocean carriers need to lay up box ships in 2009? Halfway through 2008 and the dark clouds have, menacingly, appeared overhead. The 'perfect storm' of a credit crunch and a global oil crisis-induced economic slowdown, is forcing ocean carriers to nervously revisit their budgets for the remainder of the year and into 2009.
Summer time for our news coverage Due to general holiday our news site will be sporadically updated until the beginning of August. Summer greetings from all of us at SSG ...
DFDS Seaways struggle to survive DFDS Seaways is struggling to survive at the market. According to a confidential report, which came in the hands of the Danish Ekstra Bladet, the deficit in the first four months goes as high as DKK 135 million. In the ...
Mærsk signs up for super-reefers A. P. Møller-Mærsk has signed up for another batch of container vessels from a Korean shipyard. This time the Danish giant has signed up with Daewoo Shipbuilding & Marine Engineering Co for 16 ships for delivery between 2010 and 2012 ...
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