Chinese shipbuilder Yang Fan plans IPO Chinese shipbuilder Yang Fan Group, in which Goldman Sachs holds a 20 per cent stake, is eying a stock market listing in Hong Kong in the first half of next year, chairman Xu Yu Kang told Reuters.
Capesize rates on Brazil to China route dive Capesize freight rates on the key route between Brazil and China have fallen below US$50 per tonne for the first time in 14 months, hurt by a drop in Chinese demand for iron ore, shipping brokers said yesterday.
NOL ahead in race for Hapag-Lloyd deal: German papers Singapore's Neptune Orient Lines (NOL) leads the race to acquire TUI's container shipping unit Hapag-Lloyd, ahead of a group of Hamburg- based investors, German newspapers reported yesterday.
Pirates free BBC Trinidad and crew VESSEL'S operator, Beluga Shipping, paid what a spokeswoman described as a "low seven-digit US dollar" ransom.
German owners demand Navy joins fight against pirates
Washington places sanctions against IRISL IRAN's national shipping carrier targeted in the US' long-running campaign against the country's alleged nuclear ambitions.
Iran to take US to court on sanctions TEHRAN responded angrily today to the US imposition of unilateral sanctions against the government-run Islamic Republic of Iran Shipping Lines by pledging to seek redress at the UN's International Court of Justice
Ports shut as Ike heads for Texas PORTS along the western US Gulf of Mexico will begin shutting down later today as they prepare for Hurricane Ike
US warns on piggyback port plan THE US Maritime Administration has weighed in on a proposal to build a construction platform above the Port of San Diego, which is pitting backers of more recreational facilities against commercial shipping interests
IRISL plays dominant shipping role IRAN IS on Thursday/Friday weekend today during Ramadan, so there was no official or press reaction from Tehran about the latest sanctions applied by Washington
Engineer faces prison for log fraud A CHIEF engineer faces up to a decade in a US prison after pleading guilty of falsifying oil logs while working on the Cyprus-flagged chemical/product tanker Nautilus
StealthGas branches into crude THE GREEK liquefied petroleum gas operator StealthGas will enter the crude sector through the order of two Suezmaxes and has announced several additional fleet developments
Eimskip on bourse's watch list ICELAND'S Eimskip is now on the watch list of the country's Nordic Stock Exchange after the shipping company's currency value dropped by 8
ATA asks court to expedite decision in clean-trucks appeal The association hopes to have a decision from the 9th Circuit Court of Appeals before next month's implementation of concession rules
Ports shut down ahead of Ike
Alitalia suitors hold last-ditch talks
Deutsche Post close to selling financial unit
Car carrier makes its Charleston debut
Coast Guard adds new TWIC enforcement dates
Trade deficit swells
Cap-and-trade system should include shipping, EU told
Ike blowing in The Houston-Galveston area Coast Guard prepares to close ports and waterways as Hurricane Ike takes aim at Texas.
Harry's suez move Stealthgas confirms entry into suezmax market with two-plus-two order while LPG oldie shipped out.
'Dry powder' Akis Tsirigakis tells TradeWinds Web TV what Star Bulk might do with its $250m war chest.
Caspian cash Connecticut private equity firm pumps $15m into Caspian Sea offshore vessel owner and seismic player to pay for a new marine supply base.
On the march Workers at Argentina's Rio Santiago Shipyard march on the provincial capitol to demand access to domestic orders.
BBC Trinidad free Japanese tanker Irene also said to have been released as Beluga ship and crew freed by Somali pirates.
Roberts in-house Venable attorney who represented Crowley Maritime takes general counsel job, rejoining the company after eight years.
No Bow sale Odfjell says it has not sold a chemical tanker after brokers report the transaction.
'Act now!' Shipowners urge NATO governments to follow 'hot-pursuit' UN Security Council decision on Somali hijacks.
Oceanaut to vote Shareholders are set to vote next month on the bulker buy that will "de-spac" the blank-cheque company, but stock prices may present challenges.
Ready to sell? John Fredriksen would offload Frontline spinoff with buyers getting a dollar for 50 cents, top analyst says.
'Time is over' EC competition commissioner, Neelie Kroes, says Malta must end state aid to shipyards.
BP extends Capital Product Partners fetches charter extension on a pair of medium range products tankers.
Simple for Simon Norway's Simon Mokster Shipping follows November's script by inking $55m rescue vessel at Simek.
Hot streak NYK Reefers takes two Kollakis-owned vessels from Star as part of eight-ship reshuffle.
Eight for STX Singapore-listed bulker owner ties up with related shipbuilder in order for handysize octet.
IRISL under fire US imposes sanctions on Iran's national carrier as nuclear dispute heats up.
Not so lucky Equatorial Guinea-flagged cargoship Lucky Star held in Hong Kong with huge list of deficiencies.
Unlucky start Greek bulker Michael S attacked in Gulf of Aden had only just joined Piraeus-based owner's fleet.
Tianjin's target Hong Kong-listed operator of Chinese box terminal expects 20% 2009 growth despite forecast export slowdown.
Latvian leaving? Riga tanker owner considers switching listing to Warsaw to boost volumes and attract more investors.
Block booking Q-Ship pens five-year charter contract with compatriot to transport building materials from UAE.
Boxes for Vlore Swiss group Zumax planning new 3m-teu per year container terminal in Albania.
Ferry fury Scottish government under fire over plan to lower some fares in line with what journeys would cost by road.
NYKCool secures eight reefer vessels NYKCool wil strenghten its fleet by purchasing, bareboat chartering and time chartering in total eight vessels. NYK Reefers has purchased the two reefer ships Global Harvest, 422,156 cbft and Crown Topaz, 547,693 cbft. NYKCool has also entered into a long ...
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