MMC may sell port stake to fund expansion MMC Corp Bhd, an operator of ports and power plants, may sell part of Malaysia's second largest container port to fund expansion plans, according to a report in Malaysia's Business Times quoting sources.
Panama lines up loans for canal work The Panama Canal Authority has signed a group of loans totalling US$2.3 billion to finance the expansion of the waterway.
Baltic Dry Index up on spot iron ore The Baltic Dry Index, a measure of shipping costs for commodities, rose for a second consecutive day on increased spot purchases of iron ore to make steel.
Industry slams decision to jail Hebei Two NATIONAL Union of Seafarers of India warns of possible backlash against South Korea.
BIMCO joins criticism of Hebei duo verdict
DryShips axes ships purchase to save cash COMPANY blames "significant deterioration in the dry bulk market" for cancelling $400m acquisition of four panamaxes.
Stena and Concordia back Arlington merger FOUNDING shareholders plan to vote in favour of the New York-listed company's merger with General Maritime.
Oil demand losing streak seen GLOBAL oil consumption will fall in both 2008 and 2009, the first consecutive annual drops in three decades, EIA has predicted
Heads roll over Seattle port fraud TWO TOP Port of Seattle managers have resigned, another four have been suspended and three others reprimanded in a fraud scandal
Stena blesses Arlington deal A DEAL to combine Arlington Tankers and General Maritime gained its most important backers today: Sweden's Stena AB and Concordia Maritime
Korea sentences Hebei officers A SOUTH Korean court has today overturned the judgment exonerating the crew of tanker Hebei Spirit in the middle of this year for causing the country's worst oil spill
Shipping bodies slam Hebei ruling THE WORLD shipping community has today condemned the sentencing of the Hebei Spirit crew by a Korean court
DryShips scuttles contracts DRYSHIPS has cancelled its acquisition of four Panamax bulkers from private companies controlled by its chairman George Economou
Stevedore death angers workers ABOUT 200 Spanish workers today demonstrated at Santander's port over the death of a stevedore who was killed in a fall during unloading
Four axed George Economou-led DryShips pays $160m to cancel four bulkers and secure purchase options on the same ships.
Obama factor? Are Barack Obama's infrastructure plans behind bulker volume and share price surge?
Stena says yes Arlington Tankers' largest investor to back merger with General Maritime in 16 December vote.
DryShips to sue George Economou-led company to pursue unknown Chinese shipowner after it pulls out of bulker buy.
'Hebei hogwash' V.Ships' Bob Bishop slams "ridiculous" sentences for Hebei Spirit officers and promises appeal.
Breasts located Shipping world breathes sigh of relief: 130,000 missing inflatable bosoms tracked down to Melbourne docks.
SCI gets cold feet Indian giant going slow on a tender for four VLCCs after delaying capesize quartet last week.
Hebei two jailed Hosco VLCC's Indian master and chief officer sentenced to 18 months and eight months in prison respectively for their part in South Korea's worst ever oil spill.
Payback Hurtigruten books $11.20m gain after defeating the government in an appeal court.
Rio axes 14,000 Tom Albanese-led mining giant Rio Tinto springs mass lay-offs before Christmas as it aims to sell off 'significant assets.'
Fos gridlock Strike at French oil terminal ties up 35 tankers, with another 21 expected to arrive soon.
Fairstar set up Heavylift player gets $4m extension from HSH Nordbank to set it up for first half of 2009.
PTP interest Foreign and domestic firms reportedly eyeing MMC Corp's controlling stake in Malaysian port.
Kneen's CFO elect Former Grant Prideco man Quintin Kneen lined up as GulfMark's finance chief following retirement of Ed Guthrie.
Bunker boost Canadian owner BC Ferries will remove all fuel surcharges by 19 December as fuel bills fall.
Advisor needed Italian government invites investment banks to bid for right to help privatise ferry owner Tirrenia.
Marag merges Danish bunker broker becomes part of sister group OW Bunker in rebranding.
China slows November port volumes grow by lowest rate in 10 years, as export and import business actually falls year-on-year.
NOL cargoes slide Singapore liner operator's capacity reductions take their toll on volume of containers handled.
Hebei Spirit crew members jailed A South Korean district court in Daejeon has jailed the master and chief officer of the VLCC Hebei Spirit, despite an earlier ruling cleared them of all charges, reports Lloyd's List. The master was sentenced to 18 months in jail ...
New Maersk Line Mediterranean-Europe service Maersk Line will from January 2009 launch a new reefer service, connecting the Mediterranean area with Northern Europe. Via the hub in Algeciras the service will also provide an European distribution of fruit from South America, and also provide export ...
DOF buys PSV The Norwegian shipping company DOF ASA buys the PSV (Platform Supply Vessel) Skandi Waveney, built in 2001 from Aries Offshore at an undisclosed price. DOF's ownership interest is around 40 per cent, the remaining owners are not announced. The 3,246 ...
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