Maersk cuts sales forecast, sees profit at lower end of range AP Moeller-Maersk A/S, the world's largest container line, cut its full-year sales forecast and said profit will be at the lower end of a previously predicted range after shipping rates decreased.
Diana Shipping posts 14% rise in Q3 profit Diana Shipping Inc, a carrier of commodities including iron ore and coal, said third-quarter profit gained 14 per cent on higher rates and a larger fleet.
Norden's ship sale sets prices used to assess loan covenants D/S Norden A/S, Europe's largest shipper of ore, coal and grains, sold three vessels for US$85.8 million, potentially creating a benchmark transaction used to value the industry's vessels and compliance with loan covenants.
Berlian sells 6 tankers to pay US$250m debt
Russian, British forces thwart pirate attack off Somalia
Indian Navy showcases Asian giant's growing maritime might
Lives at risk as shippers flout safe container stowage SPOT checks on boxes to be shipped from the UK reveal huge number of deficiencies and documentary errors.
Ships' masters need more information on boxes
Owners demand order amid dry bulk crisis SHIPOWNERS want order restored in the market to address default threats and rising mutual distrust among counterparties.
Box ship rates seen 'in freefall' BOX SHIP charter rates are in freefall, prompting fears of shipowner bankruptcies, the Journal of Commerce has reported
Bush presses on with sea leasing THE BUSH administration has signaled that it is moving ahead on selling offshore leases to oil and gas exploration companies ' even though the change of presidents in January might void any deals
British navy sailors kill pirates THE BRITISH navy has fought off pirates trying to hijack a Danish cargo vessel in the Gulf of Aden, killing some of the assailants
Bush renews Iran sanctions PRESIDENT George W Bush took what might be his last official stab at Iran this week by renewing US sanctions against the long-time foe for another year
Lloyd Werft wins TUI bid GERMANY'S Lloyd Werft yard has secured a contract to convert the Celebrity Cruises vessel Galaxy into the debut ship for TUI Cruises
Box ship charter rates continue to fall Charter rates in freefall as carriers drop or suspend services in response to lower cargo volumes and weaker rates
Los Angeles, Long Beach delay clean-trucks fee
Coalition asks HMT relief
NY-NJ port plans tunnel environmental study
Transport deals slow
Retailers urge Congress to back transport spending
Turkish tanker seized The Turkish flagged 5,500 DWT tanker Karagol, built in 2007, has been hijacked off Yemen under a sailing to Mumbai, India, according to Reuters. The vessel, owned by the Istanbul based company YDC Denizcilik, has a crew of 14. Karagol ...
Clipper vessel gets Russian naval escort Clipper Group has received a ransom demand for the release of the CEC Future, the vessel was hijacked by Somali pirates last Sunday. So far Clipper has refused to give any detailed comments, but negotiations are ongoing according to Per ...
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