Asia-Pacific shipping outlook poor: Moody's Moody's Investors Service has a negative outlook for all three shipping sectors of dry bulk, tankers and liners in Asia Pacific over the next 12-18 months.
Tanker demand up on crude storage Oil tanker demand is being buoyed by traders seeking to store unwanted crude, potentially bolstering hire rates that have plunged 71 per cent since July.
Somali pirates hijack VLCC off Kenya LAWLESSNESS hits new high as pirates hijack fully-loaded Vela-owned crude oil tanker off Kenyan coast.
Pirates attacking vessels further off Somali coast
Dover dockers set to launch 48-hour strike HARBOUR Board expects to offer an almost normal service despite industrial action.
Owners set to axe 25% of car carrier fleet as auto sales slump UP TO a quarter of the world's fleet of pure car and truck carriers could be heading for the scrapyard.
Pirates attack biggest booty yet PIRATES have today carried out their most ambitious hijacking attempt to date, attacking the VLCC Sirius Star 450 n-miles off the coast of Kenya
Pilot sits out river spill inquiry A DRD TOWING pilot, who was missing from his towboat when it pushed its oil-laden barge into the path of a tanker on the Mississippi River in July, is refusing to testify before an inquiry
Stolt Valor is ransomed PIRATES have freed 22 hostages and Stolt Valor after a two-month ordeal off Somalia
Historic UK shipyard reopens ONE OF the great names in shipbuilding, Cammell Laird, has been revived by a management team lead by John Syvret
USS losses threaten tanker order US SHIPPING Partners has belatedly filed its quarterly results, which show heavy losses and serious questions about its tanker newbuilds
IMO chief warns of officer crisis THE SHORTAGE of officers in the shipping industry is fast approaching a crisis situation, IMO secretary general Efthimios Mitropoulos said today
Shortsea edge over trucks seen CARGO moved by water and rail is far less susceptible to oil price flip-flops than when hauled by trucks, according to a Maritime Administration study
Maersk Line to lay up boxships Largest container carrier "very likely" to idle tonnage in 2009 to counter the deepest market downturn in three decades.
Customs completes more China C-TPAT validations
Loss for Hanjin Shipping
Repairs for Panama Canal
FedEx hikes ground rates
Marad to study green issues
US readies nuke detectors for Bangladesh port
Humboldt Bay considers plan for new cargo terminal
Hamburg stevedore sees profit rise on flat volume
Horizon Logistics opens Los Angeles distribution center
Omega net grows US-listed products tanker owner beats Wall Street expectations with a 21% increase in profits and holds onto bullish view.
Deadline looms US Shipping Partners reports wider $87.4m as a date to meet loan covenants grows nearer.
NAVs slashed Dahlman Rose shipping analyst takes issues major cut in net asset values for bulker owners.
Vela VLCC freed? Arabic television news claims Sirius Star has been released by pirates in the Indian Ocean.
Mixed results Most shipping shares staged a decline Monday but some big names improved.
Conrad net slips Louisiana shipbuilder sees profits fall by 10% and axes share repurchase program amid market uncertainty.
VLCC hijacked Pirates claim biggest scalp yet as 2008-built Vela-owned Sirius Star seized in Indian Ocean.
Tug strike spreads A tug crew strike in Argentina's port of Mar de Plata has spread to impact other terminals as the Somu union demands cargo manifests.
Oh no not CMA! Slur over Hyundai Mipo's refusal to accept Jacques Saade controlled line as customer ends in court.
Cargoship seized Militants hijack Thor cargoship and 10 crew in Niger Delta, but hopes rise that their captivity could be short-lived.
New Caspian boss Kazakh offshore vessel player hires marine engineer and seismic venture head as its CEO.
Scan re-jigs deal Norwegian offshore owner knocks down lease-back rate for three newbuildings sold to PFS Shipping.
Shared dividend Half of Star Bulk Carrier's latest dividend will come in the form of newly-issued shares.
Odfjell exits Aden Pirate threat prompts Norwegian owner to stop vessels entering the Gulf of Aden and head around the Cape of Good Hope instead.
Spencer cleans up Spencer Energy wraps up Ocean HeavyLift takeover after claiming 92.58% stake during mandatory offer.
LSC on a high Philippines feedership player Lorenzo Shipping Corp nearly doubles nine-month profit following fuel surcharge.
Tokyo trick? Japan P&I club declares 12.5% general increase but uses a little magic to turn it into a winning hand that pay 21.15%.
No end in sight Dry-cargo to remain in doldrums "indefinitely", Jinhui says, with FFA gambles leading to company collapses in the real market.
Maersk blaze Crew safe after big fire breaks out on Danish containership at Algeciras, Spain.
Profit bulks up Jinhui posts 28-fold leap in third quarter bottom line thanks to double sale and larger fleet.
Jadroplov down Croatian bulker and boxship player hit by rising costs in first nine months as profit droops.
Swiber slips Raymond Goh-led offshore player sees third quarter bottom line slide despite huge boost in revenue.
Triple trouble Failed orders will not arrest over-capacity in Asia Pacific dry-cargo, tanker and container markets for the next 12 to 18 months, report claims.
Maersk to cut Boss Eivind Kolding says up to 15 boxships could be taken out of service to combat over-capacity.
Two die in blast Four others injured as chemical tanker explodes and sinks at dock in Zhejiang province, China.
BNP appeal fails French bank's appeal against injunction to wind up Jurong Shipyard dismissed by local judge.
Down not out Irish Sea ferry operator ICG suffers nine-month profit drop, but maintains it can still compete in tough market.
No impact English Channel port of Dover claims it won't be affected by any potential 48-hour strike.
Star switches? Malaysian cruise operator reportedly pulling out of domestic market in favour of Philippines.
Wartsila in clover Finnish engine builder to supply power plants for Vale VLOCs plus a host of offshore newbuildings.
Maersk Line will lay up container ships "It will be quite realistic that we have to lay up a number of container ships in order to reduce our capacity", says Eivind Kolding, CEO of Maersk Line, in an interview with Berlingske Nyhedsmagasin. He continues: "It is not ...
Norway loses ferry routes Half of the ferry routes to and from Norway, seven of 14 services, have or will be closed down in 2008. The development is partly explained by the low fares airlines' growing market share and the over capacity in the ...
German road tax fuels new ro-ro service A new sea borne service will emerge in February 2009 as a direct result of the German decision to raise the road tax (maut). The initiative comes from Sea-Cargo, which already serves Esbjerg with a ro-ro ship calling ...
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