ST Marine bags $20-25m ship maintenance contract SINGAPORE Technologies Engineering unit ST Marine yesterday announced that it had secured a $20 million to $25 million contract for fleet maintenance and drydocking for 15 tankers for a period of 16 months from a repeat customer beginning from September. Separately, Drydocks World (Southeast Asia) also announced the delivery of a UT780 anchor handling tug supply (AHTS) vessel to Abu Dhabi-based ESNAAD/ADNOC group.
SCI given greater financial autonomy INDIA'S Federal Ministry of Industry and Public Enterprises has granted greater financial autonomy to the state-owned Shipping Corporation of India (SCI).
Shipping fuel cost soars 87% on high oil prices Rising oil prices globally have increased shipping companies' fuel cost by about 87 per cent from a year ago, Malaysia's Business Times reported, quoting Malaysia Shipowners' Association (Masa).
US box volume fall predicted US BOX ports can expect a 4% drop in volumes in 2008, according to the National Retail Federation and economic analyst Global Insight.
Elwha ferry loses its cool A PROPULSION control cooling system failure left more than 200 passengers stranded aboard the ferry Elwha in the San Juan Islands
Case closed on Top's 'nuisance' A NEW York court has confirmed the minimal settlement in the securities case against Top Ships and has openly berated the plaintiffs' position
NOL braces for hard times NEPTUNE Orient Lines today reported a 19% fall in net profits for its second quarter, even though the box ship and logistics company had healthy increases in turnover and net profits over its first six months
Hamburg, NOL seen as Hapag survivors THE SALE of Hapag-Lloyd has turned into a two-horse race between the maritime centres of Hamburg and Singapore
Fairplay buys into Multraship GERMAN towage company Fairplay has secured a 50% shareholding in Dutch towage and salvage specialist Multraship
Arlington Tankers in merger with GenMar Arlington Tankers, established and floated on the New York stock exchange in 2004 by Stena and Concordia Maritime, is to merge with General Maritime Corporation (GenMar). Shareholders in Arlington Tankers will own 27 per cent of the shares in the ...
EU Commission withdraws class recognition The EU Commission has decided to withdraw its recognition of Greece's Hellenic Register of Shipping (HRS). As a consequence, new certificates issued by HRS will not be accepted, but existing certificates will continue to be valid. HRS is authorised by ...
Disagreement about EU safety directive The European Commission as well as the European Parliament want standardised maritime incident investigations but several member countries say no if the investigations are not restricted to "very serious incidents" only. The Euro MP Jaromir Kohlicek, rapporteur for the directive ...
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