Chinese yards urged not to compromise on standards CHINESE yards have worked hard to build their reputation for quality and this must not be eroded by a deterioration in standards during the current shipping boom.
Baltic Dry Index falls a second straight day on fewer cargoes The Baltic Dry Index (BDI), a measure of shipping costs for commodities, fell for a second day on reduced cargoes such as grains hauled by so-called panamax vessels.
Iran plans to cut oil tankers, clear stored crude Iran, Opec's second-largest oil producer, said it plans to cut the number of tankers idling in the Persian Gulf and clear a backlog of crude stored on them by the end of this month.
French oil port strikers call for more action, govt under pressure
Strait Talk
Opposing views emerge on liner shipping IT has been an interesting week or two on the liner shipping scene. Owners and the shippers have expressed predictably opposing views on regulation, which suggests there will be a lot more heated debate before the remnants of the conference system finally disappear. There has also been a very off-the-wall report that has challenged much of the standard thinking on liner shipping economics.
Chinese yards urged not to compromise on standards CHINESE yards have worked hard to build their reputation for quality and this must not be eroded by a deterioration in standards during the current shipping boom.
Baltic Dry Index falls a second straight day on fewer cargoes The Baltic Dry Index (BDI), a measure of shipping costs for commodities, fell for a second day on reduced cargoes such as grains hauled by so-called panamax vessels.
Iran plans to cut oil tankers, clear stored crude Iran, Opec's second-largest oil producer, said it plans to cut the number of tankers idling in the Persian Gulf and clear a backlog of crude stored on them by the end of this month.
French oil port strikers call for more action, govt under pressure
Strait Talk
Opposing views emerge on liner shipping IT has been an interesting week or two on the liner shipping scene. Owners and the shippers have expressed predictably opposing views on regulation, which suggests there will be a lot more heated debate before the remnants of the conference system finally disappear. There has also been a very off-the-wall report that has challenged much of the standard thinking on liner shipping economics.
2008 oil forecast cut THE International Energy Agency (IEA) has further cut its predictions for 2008 global oil demand as a result of government price subsidy reductions.
Iran VLCC mystery IRAN is thought to be hiding 14 VLCCs near an oil loading facility in Kharg Island, claimed today's Iran Daily
TUI seeks Hapag sale approval GERMAN shipping and tourism group TUI is seeking approval from the group's supervisory board to start the sale procedure for its subsidiary container line Hapag Lloyd
LNG may reach surplus by 2014 THE LNG market is set to reach a surplus supply position by 2014, according to Peter Cleary, marketing chief of North West Shelf LNG
Aussie bank boosts Forth Port stake AN additional purchase of Forth Port stock by Australian investment bank Babcock & Brown (B&B), has sent the shares of the UK port group up 1.7% to 2,010 pence
Keppel to invest for Batangas expansion THE Singaporean-controlled Keppel Philippines Marine plans to acquire a stake in the property company that owns the land on which its Batangas shipyard is located.
EU: U.S. all-scan will slow world trade European Union wants new U.S. president to ease requirement that foreign ports scan every container shipped to the United States as of July, 2012.
TWIC delays concern panel
DP World certified for U.S. anti-terror program
EU trade chief urges rethinking of global economy
CMA CGM, New World Alliance add all-water calls
Truckers 'green' bottom line
Oil fuels trade deficit
BBC Chartering to launch U.S.-Mideast breakbulk
South Carolina ports project aims for responsible growth
Vale in deep Brazilian miner is mulling a deepwater port as part of a $1bn iron ore pellet project.
Disney's record The cruiseship Disney Magic has paid the most expensive toll to travel the Panama Canal.
CSDC's weighty 8 China Shipping Development spends $428m on bulker octet, but are they really 760,000-dwt units?
Sludge dread Ships' oily-waste problems saw them fall foul of the US Coast Guard again last month.
Grain strike ends Argentine farmers have halted a strike that has cut off seasonal grain exports, but some roads to ports are still blocked.
Swift is all Maersk AP Moller-Maersk takes 50% of Swift Tankers, including 13 chartered-in ships, from Teekay Corp.
Eight for CSCL Li Shaode-led boxship owner rubber stamps $560m octet at Chinese yard.
Palmali adds sixth Turkish owner back at Russia's Krasnoye Sormovo for another 13,000-dwt tanker.
$9m for Pac Basin Newly-delivered handysize already exiting fleet as Hong Kong owner takes it back on charter for year.
Box duo held Japan detained Evergreen and Yang Ming ships during May after they failed safety checks.
Minoan shake-up Greek ferry owner facing reorganisation to combat fuel costs as Emanuele Grimaldi takes chair.
FIS digs deep John Banaszkiewicz's FFA broking shop donates all of Tuesday's commission to charity in memory of former colleagues.
Wilson bags minis Norwegian owner settles its differences with Chinese yard to finally pen eight-ship order.
ABG gets bigger Indian yard has strong fourth quarter to thank as annual figures show increases all round.
Double-hull drive Philippines' Magsaysay group pursuing deals for three double-hulled tankers to beat IMO phase-out.
Yes, please TUI's biggest shareholders, John Fredriksen and Alexei Mordashov (pictured), unsurprisingly want Hapag-Lloyd sale profit paid out in dividends.
Batu expands Hong Kong group wants to build second box terminal at Indonesian port on Batam island.
Calling the shots US giant Trico Marine wants its chairman to take over the top job at DeepOcean.
Kreuz fire kills one Indian national injured in AHTS fire at Singapore yard dies, no word on 14 other casualties.
Posco in pole Korean steel group tipped to take over Daewoo Shipbuilding & Marine Engineering.
Another nibble John Fredriksen outfit snaps up more shares in Malaysia's SapuraCrest.
Puffin lifts profits Cash flows in at former Frontline FPSO spin-off, which looks set to go private.
Feeding the Med Taiwan's Evergreen builds feeder network with new Adriatic and Balkans service.
Ferry saves three Alaskan state-owned Chenega picks up trio whose boat was smashed by big waves.
Babcock ups stake Aussie investment fund has picked up more shares in UK's Forth Ports group
Rio going deeper Miner Rio Tinto set to build new deep water port to allow larger ships to load bauxite at Weipa.
Gulfmark beefs up Offshore owner brings in M&A specialist less than a month after moving for Rigdon Marine.
Eitzen continues on path for global presence Eitzen Maritime Services, EMS, has aquired the Dubai based ship chandler Seven Seas. The price tag is USD 115 million and after the deal, EMS is present in 60 ports world-wide and serves over 8,000 vessels with supplies ...
Seadrill and Keppel in rig deal Keppel O&M, Singapore is to build a semi-submersible tender rig ' buyer is Seadrill. The contract is worth USD 160 million. The unit with a crane capacity of 250 tonnes and accommodation for 160 people will be delivered the ...
Odfjell sells parcel tanker Odfjell is to sell the 5,870 DWT parcel tanker Bow Bahia, built 1996. The sale is a part of a two-ship sale including the sistership Multitank Bolognia owned by the company's partner Ahrenkiel. The vessels will be delivered in ...
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