Pirates head for Thailand after Tioman hijack THE latest attack on a tug and barge off Pulau Tioman on the east coast of peninsular Malaysia saw a change in tactics with the pirates taking both craft to Thailand.
Posco looks to overseas banks Posco, South Korea's largest steelmaker, said it is in talks with overseas banks to help fund a bid for Daewoo Shipbuilding & Marine Engineering Co that could be worth about US$4.9 billion.
Double pay for crew transiting Gulf of Aden THE International Bargaining Forum (IBF), a grouping of international maritime employers and crew unions, has agreed to establish a 'high risk area' covering a major part of the Gulf of Aden. This will ensure that seafarers on ships covered by IBF agreements will receive a bonus equal to 100 per cent of their basic wage while the vessel is in transit.
Hurtigruten vessels at risk of lay-up FERRY company will be forced to lay-up two ships unless it secures cash from Norwegian government as soon as possible.
Hurtigruten in line for cash bail-out
EU ministers approve diluted safety directives TRANSPORT ministers have agreed to radically reduced versions of the civil liability and flag state control directives.
Brokers stunned by 'zero dollars per day' deal PANAMAX rates continue freefall amid unconfirmed reports a vessel had been fixed for a voyage that covered bunkers and port costs only.
Top talks still alive TOP SHIPS has extended negotiations on its possible sale to Greek shipping magnate George Economou ' but the price offer could change
Spain ditches Bilbao court case SPAIN'S high court has shelved a case over alleged extortion and malpractices at Bilbao port after finding insufficient evidence against the accused
Weaker real boosts Brazil BRAZIL'S currency has weakened during the past week, providing a boost to exporters, such as car part makers, and container operators, who need more exports out of Brazil to achieve a more balanced trade
Oceanaut bulker purchase delayed BLANK CHEQUE company Oceanaut's $352M purchase of four bulkers has been thrown into doubt, as a company EGM to discuss the proposal was cancelled
'Extraordinary' NY maritime ruling A NEW YORK judge has ruled that Rule B attachments are allowable for vessel sale contract disputes, contradicting a long-standing precedent in this jurisdiction
Shipping for Palawan oil beginsz SHIPMENT of the first extracted oil from the Galoc oil reservoir off northwest Palawan in the Philippines has commenced
US shortsea scheme a step closer PROSPECTS for a shortsea shipping scheme in the US are brighter today, the US maritime administrator tells Fairplay
US container slump seen continuing Slump in containerized imports is expected to continue for at least the next six months, ccording to latest Port Tracker.
Maersk to upgrade S. America-Mideast service
Seattle, Tacoma focus on infrastructure, joint promotion
Stella Lines closes down service to St Petersburg The Finnish shipping company Stella Naves Russia Oy Ltd, that operates ferry traffic under the name Stella Lines, has closed down the ferry service between Helsinki and St. Petersburg. The traffic started in the beginning of August 2008 with the ...
Hijacked vessel freed The Japanese-owned Panama-flagged chemical tanker M/T Irene was released by Somali pirates on October 8. The vessel was hijacked in the Gulf of Aden on August 21. M/T Irene has a crew of 19 persons, including ...
IBF declares "high risk area" The International Bargaining Forum, IBF, has agreed to establish a "high risk area" covering the major part of the Gulf of Aden with immediate effect. Seafarers on ships covered by IBF Agreements will receive a bonus equal to 100 per ...
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