NOL faces fall in European rates, says UBS Neptune Orient Lines, South-east Asia's largest sea-cargo carrier, may report lower Asia-Europe freight rates in the second half of the year as volume growth on the trade lane slows, UBS said.
Daewoo wins 2.44t won Maersk orders Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, received a contract for 16 container vessels from AP Moeller-Maersk A/S for a record 2.44 trillion won (S$3.2 billion).
High prices, new capacity to hit tanker earnings Oil prices that generated record shipping fees for Frontline Ltd and the rest of the tanker industry may now reduce their earnings, as demand growth slows and a new armada enters the market.
NOL stock slides on Held's resignation SPECULATION continues swirl around whether NOL will proceed with bid for Hapag-Lloyd.
Held shocks NOL with sudden resignation
China Cosco Holdings forecasts profit surge THE company expects net profit to jump more than 90% in the first half of this year on strong shipping markets.
BNP Paribas appeals ruling in Jurong dispute BANK is seeking to overturn ruling that blocks its attempt to wind up Jurong Shipyard over $50.7m in hedging losses.
Widdows replacing Held at NOL SINGAPORE'S Neptune Orient Line has announced that its president and CEO Thomas Held is out and will be replaced by Ron Widdows, who heads the company's APL liner division.
Oil spill booms surround Princess THE COAST Guard has put in place booms around the capsized ferry Princess of the Stars in the Philippines to prevent the spread of leaked fuel if its bunkers flow from the wreck
Compensation calls for Bangla workers BANGLADESHI officials have called for compensation packages for the families of the six workers who were killed in separate workplace incidents over 32 days at different shipbreaking yards
Inmarsat shares rise on suitor talks SHARES in Inmarsat jumped today on news that the satellite communications company might have a US suitor
Bunker price jump hits Asia ROCKETING bunker prices have forced more than a dozen Chittagong-Singapore/Malaysia container feeder vessels to suspend services over the past few months, according to feeder operators
Seoul arrests smuggling suspects SOUTH Korean police have arrested five Afghans and Pakistanis suspected of shipping 12 tonnes of drug components from Korea to the Taliban in Afghanistan
Brazilian tender Brazil's Transpetro launches 23-ship tender for its fleet expansion program.
Supe retires Superintendent steps down at the US Merchant Marine Academy after nearly 10 years.
Grounded again All uninjured off Alaska as small Cruise West vessel is involved in its second grounding in eight months.
All change again Neptune Orient Lines parts company with Thomas Held (left) as it hands the helm to Ron Widdows.
'Excellent results' Nordic American Tanker chief executive tells shareholders to expect a more than 27% dividend increase from a strong second quarter.
Kerry on board Former US presidential candidate introduces bill attempting to make cruiseships safer for passengers.
BHP boosts bulk Bulker fixture activity should pick up now that BHP Billiton and Baosteel have set iron ore prices, analyst says.
COSL makes move Chinese rig player offering $2.49bn for Oslo-listed rival Awilco Offshore.
Tanked Sawdust self-ignited after mopping up spill of hydrogen peroxide on feedership Maike D last month.
Tuzla crush Cramped conditions at Istanbul yard complex criticised, as workers live in barns and depots.
Sold at last Long-mooted sale of Gourdomichalis supramax newbuilding sealed with Qatar Nav making dry debut.
Expensive eight? UAE's Al Jaber Group said to have paid $63m for each of supramax octet in China.
Baltic blues Russia to stop shipping oil from Estonia, Latvia and Lithuania in 2015 as domestic terminal capacity rises.
ITF in Hebei plea Seafarers' federation joins chorus of voices asking for release of Hebei Spirit master and officer.
MCA braced UK's Maritime and Coastguard Agency faces 48-hour search-and-rescue strike as pay dispute escalates.
CSG sells ports Chinese group's boxship unit CSCL tipped to buy parent's terminal management arm.
Scorpion inks rig John Fredriksen target has ordered a deepwater semi-submersible at Keppel.
Canadian mutiny Passengers block ramp of BC Ferries ship after being told there was no more room on board.
Gunned down Ever Lines' manager killed in car in the Philppines, with police examining business rivalry as motive.
CSC to buy Azerbaijan state owner in talks for 12,000-dwt tanker at Russia's Zelenodolsk shipyard.
Big drill order Korean yard bags order worth $709m from mystery South American owner for single drillship.
No dice Norwegian owner PGS says $70m claim from CGGVeritas over newbuilding charter is "unfounded."
Bulk order for STX Mystery European owner signs for bulker pair at Korean yard, but are they the same size?
Zim eyes Ennore Israeli container line part of group bidding to build new 1.5m-teu Indian terminal.
Scrubbing up Fuel-cleansing company Krystallon, backed by BP, aims for slice of estimated $7bn shipping emissions technology market.
Haiphong bound Hong Kong's OOCL to launch service linking northern Vietnam with Taiwan.
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