Tough times, but industry will pull through: SSA STRONG cooperation between the Singapore Shipping Association (SSA) and the government was highlighted at the association's 23rd anniversary dinner last night.
New accounting rules for Korean shipbuilders South Korea plans to change accounting rules for shipbuilders to help bolster their balance sheets, as a 32 per cent plunge in the local currency this year slashed their capital by as much as 50 per cent.
Stocks dive as freight rates sink Asian shipping stocks plunged yesterday, with some losing up to a quarter of their value after international freight rates fell to a 5-year low as raw materials trade sank on fears of a global recession.
Brokers baulk at valuations as prices slide SHIP valuations done only on a case-by-case basis as secondhand vessel rates "fall by the day and by the hour".
Secondhand prices tumble as confidence slips further
Asia-Europe box rates in turmoil FREIGHT rates under renewed pressure after two global lines cut their prices to new all-time lows.
Industrial Carriers files for bankruptcy UKRANIAN-based bulker operator is first high-profile casualty of the dramatic market collapse in freight rates.
Pirates release Bright Ruby crew Pirates have released the crew of the Bright RubySOMALI pirates have released the crew of the South Korean-registered 26,589dwt bulker Bright Ruby, which was seized off the Somali coast on 10 September
Polish PM fights for doomed yards POLISH prime minister Donald Tusk has promised "prompt and resolute decisions" to save bankruptcy-threatened shipyards of Gdynia and Szczecin
Obama 'would kill US coal trade' THE election of Senator Barack Obama would lead to a radical shift in energy and trade policies set by the Bush administration, it was claimed yesterday
Insurers focus on crew nationalities INSURERS worldwide continue to look at the crewing make-up of commercial vessels as a major factor in assessing premiums on vessels, cargoes and voyages
Lack of trust hits dry bulk market SPOT rates for dry bulk carriers have come under attack from all sides and lack of credit is the latest, and at the moment the biggest, factor behind sharp falls, a shipping analyst has told Fairplay
Supramax seized off Somalia SOMALI pirates have seized the Supramax bulker African Sanderling in the Gulf of Aden
Piraeus terminal decision causes riot DIRECTORS of Piraeus Port Authority voted yesterday to approve the contract for the concession of the container terminal to Cosco Pacific
West Coast imports weaker in September Containerized imports at California's ports dropped sharply in September in what should have been the busiest month of the year
Appeals court to hear vessel emissions case
Hapag-Lloyd gets $750M loan to buy ships
Trans-Pacific lines see rebound in 2009 second half
Dry bulk rates collapse
Portland boxes up 9.6%
WTO backs U.S., Canada in EU beef hormone dispute
New ship for Seaspan
MOL tests LA cold-ironing
Smaller ships for Wan Hai, PIL trans-Pacific service
Baltic Pilot won in pilot case The state pilotage authority Finnpilot does not have a monopoly on pilotage activities in Finland and it is not illegal to engage a competent pilot working for an employer that is not Finnpilot, according to the office of the public ...
Coaster and fishing vessel in collision in Great Belt The Swedish coaster Nordtrader was involved in a collision the night before Wednesday with a Danish fishing vessel. The fishing vessel involved was the Guldsand (ten metres long and seven GT). The collision took place in the Great Belt close ...
New report on Fredericia Skibsværft Today, the Municipality of Fredericia will present a report on the possibilities of relocating Fredericia Skibsværft within the limits of the port of Fredericia. The plan has been drawn up as a response to the criticized original plan of building ...
Stockpile report bearish, OPEC moves meeting DOE results this week sending crude even lower as producer cartel bringing forward its emergency meeting.
Shipowners back calls for 'bunker tax' French shipowners say bunker levy could fund projects aimed at cutting GHG emissions.
Singapore bunkers at 13-month low Prices in Singapore plunge below $400 as crude oil markets continue to weaken.
Bunker prices under spotlight at SIBCON Speakers at SIBCON say price volatility will drive innovation.
Shipping fundamentals 'in place' despite downturn The financial crisis is not a shipping crisis, says analyst.
'Economic meltdown' will hit bunker demand Traditional demand forecasts 'blown out the window' by recent events.
Marine technology company sees income grow Kittiwake forecasts more growth in atmosphere of economic uncertainty and high fuel costs.
Maersk Inc. to open Sustainability Forum Over 100 delegates from key areas of the shipping industry are signed-up to attend this month's Washington Conference.
Chemoil to start supplying in India this year Chemoil 'proud to be the first non-Indian company established in India's bunker market.'
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