New projects for straits safety, efficiency AMID the expected sharp rise in traffic in the Straits of Malacca and Singapore Strait, the Maritime Port Authority (MPA) has embarked on new projects to keep pace with the developments.
Seaspan to keep increasing dividends Seaspan Corp, a Hong Kong-based shipper doubling its fleet, will increase its dividend to attract more investors.
Det norske files plan for Froy oilfield Norwegian independent oil company Det norske oljeselskap filed an application last Friday for redevelopment of the dormant Froy oilfield in the North Sea for a 2012 start-up, Det norske said yesterday.
Cracks start to show as insurers face new threats NEWBUILDING activity is eroding rate levels and endangering security, says Lloyd's director Rolf Tolle.
PST cautious as boxship prices continue to fall PACIFIC Shipping Trust rules out any further sale and leaseback deals in the coming few months.
Petrobras gives nod for 10 FPSOs BOARD approves the contracting of vessels for oil developments in the Santos basin to boost output from Brazil next decade.
Bloodbath on Wall Street US-listed shipping stocks were dragged down Monday as the Dow Jones average plummeted over 500 points, the sharpest single-day slide since the September 2001 terrorism attacks
101 saved in Turkish ro-ro sinking FOUR PEOPLE were missing today, one death was confirmed and 101 people were rescued in the sinking of a ro-ro at Bandirma on the Sea of Marmara in northwestern Turkey
Crude drops on Ike results, bank failure CRUDE futures dropped again this morning to a seven-month low after good news from Hurricane Ike but bad news from Lehman Brothers
Nimble but careful for Greek ports GREECE'S new minister of shipping Anastasis Papaligouras spent his first day in office today, urging "swift, albeit careful, steps" for port privatisation
Plans in place for Essar expansion ESSAR Shipping, Ports & Logistics of India has chalked out a ten-figure expansion plan to be implemented over the next three years
Container outlook graded down THE HEALTH of container trades worldwide is "deteriorating", according to Global Insight, which has lowered its forecasts and warned of losses ahead
The Lehman effect After Lehman Brothers files for bankruptcy, US-listed shipping stocks take a steep plunge.
Reopening begins After Hurricane Ike, the Houston Ship Channel has reopened to commercial traffic, although with restrictions.
FPSO spree Petrobras unveils plans to charter-in two floating production units and build eight more.
Still buying Shapiro-led Liberty Shipping lifts stake in International Shipholding Corp and repeats that it might be willing to up its offer for the rest.
Make it snappy New merchant marine minister Anastasios Papaligouras pledges quick takeovers at Piraeus and Thessaloniki.
Tanker attacked Japanese owner of Golden Nori, seized last year, almost sees another of its ships hijacked off Somalia.
Smitten Royal Boskalis Westminster kicks off premium $1.57bn bid for Smit, its second offer this year.
Buy-back over India's Great Offshore wraps up $12m share buy-back scheme launched in April.
Smit soars Dutch shipowner's stock rockets 28.45% after Boskalis kicks off $1.57bn takeover.
Antalina safe Power restored to Greek bulker which had to ride out Hurricane Ike in Gulf of Mexico.
Head for the hills Workers at Malta Shipyards snapping up redundancy package after EU called time on state aid.
Singapore sinks Shipping shares have taken a beating amid concerns over further US financial woes.
Owners are using private security companies in the Gulf of Aden Several shipping companies operating in the Gulf of Aden, Somalia, have started to engage private security companies placing armed guards on board the vessels, reports Lloyd's List. The main reason is the lack of law and order in the area ...
Ro-ro vessel sank in the Sea of Marmara The Turkish ro-ro vessel Hayat N sank on Sunday in the Sea of Marmara, 300 metres off the port town Bandirma. At least one person died and about 30 persons are still missing. The ferry, 118 metres, was carrying ...
Polish yards waiting for EC response The Polish treasury minister Aleksander Grad has now delivered a new restructuring plan for Poland's bankruptcy-threatened yards at Szczecin and Gdynia to the European Commission, reports Fairplay. The verdict is expected within three weeks. If the Union rejects the ...
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