Cruise operators upbeat despite stormy economy The global cruise industry is putting on a brave face as it sails into seas darkened by a faltering US economy, a weak dollar and record oil prices, major cruise ship operators said at their annual convention.
Overcooked Capesize rates crash Dry bulk freight-rates for Capesize vessels have plummeted over the last two days following a period of heady highs for owners
Vietnam aims for fourth largest shipbuilder slot by 2015 VIETNAM'S ambition to move up a further slot in the world shipbuolders table has been declared, according to a report in VietnamNet Bridge
Torm aims to double fleet TORM plans to double its 128-vessel fleet
Dover sailings resume THE SeaFrance ferry dispute at Dover has ended with a pay rise and improved working conditions for officers who have been out since the end of February. Sailings are expected to resume tomorrow
UK non-domicile fight goes on DESPITE pressure from the UK business community to abort the plan to charge wealthy non-domicile residents of the UK an annual '30,000 fee, Chancellor Alistair Darling has vowed to continue
Sale of Hapag-Lloyd? TUI mulls options German line emerges as possible takeover target amid reports parent TUI will decide as early as next week to spin off ocean carrier.
Group calls for feds to bail out Highway Trust Fund
Assistance bill, Colombia trade pact a pair: Pelosi
MSC opens new LA service
Russia steel deal opens door to U.S. oil and gas
NYK unveils Cool Earth project
India's growth rate to drop
CMA CGM net up 58%
Lytle new No. 2 at Port of Long Beach
ICC says IMO must set new anti-pollution standards
Stowaways cost the industry USD20 million a year: can incidents be reduced? This week a conference in China, hosted by Japanese ocean carrier NYK and the UK P&I Club, debated the problem of stowaway incidents which have risen in cost by 100% in the past 10 years. Currently, they are estimated to be costing the industry more than USD20 million a year.
Rotterdam's ECT promoting night time trucking
Evergreen upgrades ADR link
Full speed ahead for CMA CGM as its income surges by 58%
Ultrapetrol optimistic Felipe Menendez offers a positive look at 2008 after fourth-quarter results send shares on a plunge.
Economou sells another Brokers say Greece's Cardiff Marine has sold off a 19-year-old capesize for $83m.
DNV revenue jumps Revenue jumps at Det Norske Veritas on strong demand, but taxes scale profits back by 1.8%.
Komrowski sells duo Undisclosed interests have paid about $68m for a pair of the Hamburg owner's panamax bulkers.
Failed system sank Queen Canada's Transportation Safety Board says a fourth officer was distracted when he missed a course change that led to the sinking of the Queen of the North.
Wilson Sons in PSV deal Brazilian terminal, offshore vessel and shipyard group will fetch $100m to build four platform supply vessels.
Star Bulk takes supramax US-listed bulker owner will shell out $72m for Norden's Nord Wave.
Ultrapetrol takes a beating Felipe Menendez-led company loses nearly a quarter of its market value after fourth quarter results missed market expectations.
Double detention in Hong Kong Ammships tanker and small general cargoship the only names on February list of shame.
Sinotrans on the prowl Chinese bulker owner looks for smaller rival to buy, plus second-hand tonnage.
Mortensen flags orders Norden chief says sale of two bulker units is just a drop in the pond compared with unprecedented orderbook.
One in, one out for George George Economou-led DryShips takes panamax from Norden for $72m and lets another go for $7m less.
Norden confirms bulker sales Danish owner set for $75m windfall from sale of supramax and panamax with DryShips one buyer.
Chemical Fredriksen SFI enters new sector after splashing $60m on a brace of newbuildings.
Fredriksen's flexible friend? TUI boss Michael Frenzel now considering the Hapag-Lloyd sale or spin-off urged by tanker tycoon and other shareholders.
Norden sale saves Torm Danish owner posts massive profit increase after selling stake in compatriot and snapping up half of OMI.
Founder says farewell Vita chairman steps down less than 24-hours after shareholders rejected a take-over bid from Chong Thim Pheng.
Perisai bags tug Malaysian owner buys offshore vessel from Singapore's Britoil in $11m deal.
Tale of two halves for Torm Danish giant's product tanker ships have varying success east and west while bulk market remains volatile.
Pamplona leaves Trinidad German ship at centre of drugs-smuggling case sails but master still facing charges.
Ultrapetrol runs out of gas Rise in offshore earnings can't lift full-year figures at Felipe Menendez-led US-listed owner.
Greek ship grounds, 300 saved Passengers and crew hauled off cruise vessel after it struck a reef near the Greek island of Poros.
Evergreen beefs up ADR First of Taiwanese owner's four bigger 5,400-teu ships enters service between Adriatic and Far East.
BLT expects Chembulk boost Indonesian tanker owner forecasting big increase in profit this year thanks to acquisition of US rival.
GO in a hurry Greek bulker owner takes seven months to beat last year's annual profit as it realigns financial reporting period.
Piraeus stretches deadline Bidders for Greek port's container operations reportedly have until 9 May to lodge offers.
Workers poisoned at Tuzla Another accident hospitalises workers at controversial Istanbul yard complex, following spate of fatal incidents.
Hyundai wants more Despite rising costs and concerns over the global credit crunch Korean yard expects more orders.
Furetank buys 37,000-tonner from Broström Swedish shipowner Furetank Rederi AB has acquired the 2005-built, 37,000-DWT product carrier Bro Erik from the Swedish tanker owner and operator Brostr'm. The deal generates a SEK 65 million pre-tax profit and a net cash contribution of ...
Wärtsilä to design European research icebreaker The Wärtsilä-owned design and marine consultant Schiffko GmbH in Hamburg will design the new research icebreaker Aurora Borealis for the Alfred Wegener Institute for Polar and Marine Research in Bremerhaven, Germany. The ship shall facilitate research in ice and ...
Successful maiden voyage for kite driven cargo vessel German Beluga Shipping's newbuilt heavylift/multipurpose carrier Beluga SkySails of 10,000 DWT, has arrived in Mo-i-Rana in Norway after a 11,952 nautical mile long maiden voyage from Germany via Venezuela and USA. The vessel is equipped with testing ...
Moller-Maersk says environmental issues cannot be ignored "Playing for time is not an option" says group's CEO.
Mexico buyers favour MGO Bargain prices proving a good option, alternative to IFO.
Clean up, save on fuel Hull performance expert taking the dollar saving and lower emissions message to conference audience.
Dutch official stresses CO2 cost of switch to distillates Dutch refineries would emit an extra 3.5 million mt of CO2 if they had to convert residual fuel to distillates for Rotterdam bunker market.
SkySails ship completes 12,000 miles round trip Ship's captain says a new a 'new chapter' has been written in the history of shipping as towing kite cuts bunker consumption.
Rotterdam market firming again
Supply shortage on cargo delay Hong Kong bunker market facing some 380 cst product tightness.
Liner operator could stock bunkers at box ports CMA CGM chairman considering dedicated oil tanks at key ports.
Singapore barge operator to move office
IEA meeting to discuss oil prices Crude oil climbs above $110 per barrel.
Subic Freeport may double bunker storage Growth in traffic at Philippines port prompts bunkering investment.
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