Industry demand exceeds supply: Ultrapetrol CEO As oil nudges US$127 a barrel and creates huge potential for deep-sea drilling, overloaded shipyards cannot keep pace with demand for ships that service platforms, the top executive at Ultrapetrol (Bahamas) Ltd said on Tuesday.
S'pore firms sweep Seatrade Asia Awards SINGAPORE-BASED maritime companies and organisations swept 10 of 19 inaugural Seatrade Asia Awards on Tuesday night.
Global Marine to raise 282.8b won for bulk carriers Global Marine Finance Co, set up by shipbuilder Hanjin Heavy Industries & Construction Co and South Korean banks, received government approval to raise 282.8 billion won (S$372.9 million) this month to build six bulk carriers.
US Shipping shares nose-dive SHARES of Jones Act operator US Shipping Partners (USS) have plummeted over 40% in the wake of new revelations of financial weakness
Wingsails 'could save 5%' AEROFOIL 'wingsails' could save more than 5% of fuel, according to results announced today following an initial investigation on behalf of an Anglo/Norwegian consortium
Russia/Korea yard deal is for gas THE memorandum of understanding between the Daewoo in South Korea and the Russian state shipyard holding United Industrial Corp (OPK) (See Fairplay 24, 9 May) is intended to provide the latest gas-carrier technology for Severnaya Verf (Northern Shipyard)
High bunkers put Eitzen in the red A SHARP rise in bunker costs combined with an unrealised foreign exchange loss offset the positive effect of higher freight rates and better fleet utilisation at Eitzen Chemical, the listed Norwegian chemical carrier operator.
Legislation could put a hold on changes to Customs "first sale" import valuation Legislation would require Customs and Border Protection to consult with trade and congressional panels before it re-interprets import valuation method.
TSA expects 1 million TWIC sign-ups in fiscal '08
"Modest" growth for Southern California ports: Study
MOL to add 53 ore carriers to its fleet MOL (Mitsui O.S.K Lines) will take delivery of 53 ore carriers between now and to early 2014 to meet rising demand for iron ore transport due to a increased steel production. The deliveries consists of four 300,000 DWT vessels, two ...
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