LA-Sydney airfares expected to head south Travel between Sydney and Los Angeles, considered one of the world's more popular but most expensive routes, soon may get more competitive for airlines and less expensive for passengers.
Tanker rates stay low Rates to transport oil from the Caribbean on Aframax tankers were little changed, close to a four-month low that may be the bottom for the market, broker Galbraith's said.
Oceanaut and Restis scrap $700m bulker deal FIRMS agree to end pact after falling victim to double whammy of banking and stock market turbulence.
Restis takes major stake in Sea Star
TOP Ships settles class action for $1.2m NASDAQ-listed company clinches settlement with lead plaintiffs in class action filed against company, directors and officers.
BAE Systems and DSME join forces for tanker bid DEFENCE specialist ties up with Korean shipbuilder to vie for contracts to build UK Ministry of Defence vessels.
Ports sector takes the strain WHILE P&I clubs fear that a shipping boom has increased ship casualties, ports are also showing the strain of heavier workloads.
South American smash and grab THERE must be major worries about Venezuela, with the government of this major oil exporter behaving in an increasingly erratic way.
Top reveals $1.2M plaintiff payoff Top Ships will pay $1.2M to settle the class-action investor suit stemming from its 2006 accounting restatement
Russians lose steering in Sea of Japan THE Russian-owned, Mongolian-flagged ro-ro cargo ship Otani, crewed by 24 Russian mariners, is under tow after a steering and propulsion failure in the Sea of Japan
NSA lifts sanction on Liberian flag THE Norwegian Shipowners' Association has lifted its seven-year shunning of the Liberian flag
Suit claims cruise conspiracy A NEW suit seeking class-action status alleges that cruise lines illegally colluded to set fuel surcharges
GL looks beyond maritime to energy GERMANISCHER Lloyd has appointed a third board member with full responsibility for its industrial services division, underlining its growing ambitions outside the maritime sector
Port of Long Beach drops employee driver mandate for clean trucks program Motor carriers can operate with employee drivers or independent contractors under final version of clean-trucks plan.
Six TWIC sites added
Trucker hours rule comment period extended
Coast Guard joining ITDS
Deutsche Post CEO quits
Obama proposes 'bank' to stimulate infrastructure spending
Survival of the fittest in the 2008 ocean carrier jungle Just seven weeks into 2008 and the bears are still outnumbering the bulls in what has all the signs of being an extremely turbulent remaining 45 weeks for stock markets, businesses, consumers and shipping.
Long Beach January volume slumps by 14%
Vancouver marine industry furious at dockers
Singapore's container volume up 13%
Southampton boxes soar by 27% in 2007 despite congestion
Emirates hulls for sale Aframax tanker hulls at Hyundai Heavy Industries are circulated as up for sale.
Stars align for $42m AHTS sale The Sagitario is sold to unnamed Chinese interests, while a pair of OSVs go to Malaysian buyers.
Steel mill buys bulker Newcomer in China's steel industry throws down $34.9m for a handysize bulker, as Unibulk takes a handymax pair for $82m.
DryShips buyback? Cantor Fitzgerald analysts suggests it might be time for George Economou's DryShips to jump on the buyback bandwagon.
George fires back DryShips chief describes Peter Georgiopoulos' criticism in TradeWinds as "slanderous language".
Unibros doubles its money Greek owner reportedly sells three modern products tankers to Hellespont for $30m each.
Panayotides steps forward Excel chairman will keep the CEOs seat warm for Stamatis Molaris after taking over from Christopher Georgakis today.
Top offers $1.2m US owner reveals cost of halting legal action by shareholders over accounting.
Tay Za makes shipping move Burmese tycoon reportedly snaps up tanker and cargoship in Korea.
More vessels, greater reward Simeon Palios-led Diana Shipping sees 2007 profits boosted by the arrival of new tonnage and higher charter revenue.
No ro-ro woe for Pac Basin Eyebrows were raised at the bulker owner's $375m investment in ferry newbuildings but money men welcome the change to buffer future dry-cargo declines.
Hong Kong tries again Fare hikes in bidding war for outlying island ferry routes force rethink on tenders.
Captains or CEOs? BC Ferries views masters as chief execs at sea and wants them to leave their union.
Gossip fuels CSCL surge China Shipping (Group) unit sees stocks take off as market waits for it to pick up container assets from its parent.
The new Red Sea Nearly half of the world's oceans are badly polluted by human activity including oil and gas exploration and shipping, Technicolor study shows.
Ferry workers win gas damages Seattle court awards more than $1m to three WSF staff exposed to chlorine in toilets.
Aker losing in Romania Norwegian shipbuilder's two Romanian yards racked up combined losses of EUR 4m in 2007.
Tax kept UK shipping alive British maritime industry is five times the size it would have been without tonnage tax, report says.
Toei back in black Japanese reefer line turns around losses to emerge in credit for nine months to 31 December.
Ship adrift off Japan Russian rescue vessel despatched to tow drifting ro-ro to Primorye after steering wheel broke.
Two dead at HSL One Indian yard worker found hanged, while another dies in crane accident.
SNO eyes merger Romanian shipbuilder will swallow up Constanta's SCM in share deal.
Port Hedland may close Approaching tropical cyclone Nicholas may force closure of Australia's largest iron-ore port.
Profits double at Thoresen Ship disposal gains plus strong freight market help Thai bulker player make perfect start to year.
DryShips in record quarter Economou says recent quarter was the "best in the company's history" as profits jump fivefold.
BW Gas to sue Norwegian government BW Gas is left with a tax liability of NOK 3.9 billion after the old, Norwegian shipping tax system is abandoned and replaced by a new tax system. According to the BW Gas CEO Jan H'kon Pettersen the company ...
Waxholmsbolaget orders from Finland The Stockholm archipelago ferry service company Waxholms 'ngfartygs AB and the Finnish shipyard Uki Workboat Ltd have signed a contract for the delivery of two 31.3 m long, ice-going passenger vessels. The value of the contract is SEK ...
Loss-making vessel sinks SRAB result The Stockholm-based shipowner SRAB Shipping reports a SEK 11.4 million (EUR 1.2 million) pre-tax loss for 2007, against a SEK 4.8 million (EUR 0.5 million) profit the previous year. A major part of the ...
Rotterdam players want clarity over demurrage claims Industry body calls for standard fuel oil trading contract as barge operators face losses over loading delays.
Global designs at IOC Plans launch of marine lubricants in Gulf region to 'tap global market'.
Chinese buyers pounce on bunker grade IFO Harsh winter triggers surge in demand from bulk carriers as China struggles to keep coal shipments moving.
Rotterdam market remains firm at midday
Bio-additive shows promise on PM reductions 40% PM reduction achieved during year-long sea trial in Europe, other emissions also lower.
Fuel oil stock falls for second straight week Singapore's middle distillate stocks highest in six months.
ExxonMobil offers Yanbu cargo for March A 90,000-mt parcel on offer for March loading from the Middle East.
Crude oil prices leap to $95 Smaller-than-expected gains in the US crude oil inventories lend support to prices.
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