Freight futures sizzle as banks, funds tap growth Freight futures more than doubled last year on record prices to ship commodities and could grow another 20 per cent this year as more banks and hedge funds, stung by the credit crisis, fish for profits.
Demand to keep dry bulk rates firm Port congestion and strong demand from China and India should help dry bulk shipping rates stay strong throughout 2008, the top executive of dry bulk shipper Star Bulk Carriers Corp said on Tuesday.
Mitsubishi Heavy aims to double shipbuilding profit Mitsubishi Heavy Industries Ltd, Japan's third-largest shipyard, aims to more than double earnings from its shipbuilding operations next fiscal year, helped by demand for vessels to carry goods to and from China.
Tanker leaks oil after collision off S Korea
Bookings may halt slide in Persian Gulf tanker rates
Darling delivers non-dom tax blow UK chancellor Alistair Darling's budget announcement will see many shipowners lose their tax-free status.
Budget boost to North Sea industry
ABS teams up with Polish Register of Shipping DUAL classification and co-operation in specific research will be important features of the liaison.
Cruise sector will survive economic slump INDUSTRY in good shape to weather downturn despite gloomy forecasts, say Seatrade conference speakers.
Coal buckets and spades THE coal industry is not given the importance it deserves in Colombia.
Anticipating French force IT does not bode well for the coming year, with the expectation of a lot more industrial aggravation in the French workforce.
London howls after tax disaster London's status as an international maritime centre has been caused "huge damage" by today's changes to the UK's non-domiciled resident tax regime
Spanish arrest Ukrainian vessel THE Ukrainian vessel Newfane has been arrested in the Spanish port of Castellon following ITF action on unpaid crew
South China Sea dispute looms A violent confrontation in the South China Sea over the mineral-rich Spratly islands can be avoided if all the parties commit themselves to a diplomatic solution
US warns on climate change MORE hurricanes, melting ice caps, torrential rains and rising sea levels are in store for the ocean transportation sector, according to a study released yesterday by a blue ribbon committee
Melchiors forced out of Bimco BIMCO's secretary general Carsten Melchiors has been forced out of his job as the head of the world's largest shipping association following boardroom disagreements
MOL withdraws from LR1 Japanese owner pulls seven long-range products tankers out of Torm-run pool.
Tsakos aims for resales Tanker owner's chief executive says the company is poised to take advantage of bargain newbuilding resales when financing falls through.
Sinotrans soars Chinese owner boosted by bulkers in 2007, but tankers make a loss.
London braced for exodus World's leading maritime centre set to be knocked off its perch after chancellor confirms crack down on non-doms.
Hellenic: licensed to hunt Greek owner's boss Fotini Karamanlis lines up finance to add at least one more bulker to fleet.
ITF blasts ship held in Spain Single pineapple found in one store room of Ukrainian vessel with crew demanding food, water and back wages.
London, a Darling no more? George Voulgarakis steps up the fight to attract UK-based owners to Greece as Chancellor prepares to deliver budget.
Neuberger slice shrinking Even as investment company Neuberger Berman has taken up a big stake in spin-off Navios Maritime partners, it has shed its share of the parent to below 5%.
Tanker leaks off S Korea Attempts to contain quantity of diesel oil which leaked from damaged tanker after collision with fishing vessel.
Suez revenue keeps flowing Canal income up by a quarter during February to build on bumper 2007 performance.
ABS brings PRS in from the cold US class society teams up with non-IACS Polish Register for dual services.
Three workers die at Subic yard Two men killed by falling crane while another falls from roof at Hanjin's Philippines facility.
Glass full at Bourbon Vintage year for French offshore and bulker outfit as both annual sales and profit keep spirits high.
SBM strong across the board Didier Keller-led offshore player sees profits rise by over 20% following long-term contract renewals.
Gains lift PSA results Asset disposals propel Singapore terminal operator to near 60% increase in full year profits.
Hellenic hails 2007 profit Greek bulker owner improves earnings in strong market, and will add two more ships this spring.
K Line adds New Andes loop Japanese liner operator to introduce second loop on services between Asia and South America.
Star fixes Sigma Akis Tsirigakis-led Star Bulk Carriers secures another three years of employment for capesize.
DFDS with much higher profit DFDS continues its expansion plan launched last year and with five divisions in the market. The revenue grew by 10 per cent in 2007 to a total of DKK 8.3 billion. Pre-tax profit reached DKK 526 million, an ...
BIMCO sacks the Secretary General On Tuesday, Bimco announced a change at the Secretary General post, when the former Secretary General Torben C. Skaanild took up the position after Carsten Melchiors. In a statement, Bimco said that Melchiors was "released with immediate effect" by the ...
StatoilHydro charters four new vessels StatoilHydro has signed contracts for four new vessels aimed for the Norwegian continental shelf. The value of the contracts, including options, is almost NOK 3 billion. Two of the vessels will be delivered by Remøy Shipping and the other two ...
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