Goldman axed from S Korean shipyard sale United States investment bank Goldman Sachs has been axed as coordinator for the sale of South Korea's Daewoo Shipbuilding and Marine Engineering, the world's third largest shipyard, a creditor bank said yesterday.
NCL America pays for sackings NCL AMERICA will pay out $485,000 and will serve a two-year probation term to settle allegations that it discriminated against Middle Eastern and Muslim employees aboard the Pride of Aloha.
White House eying arctic maritime routes PROSPECTS that commercial ' and military ' vessels may soon be able to transit arctic waters have become a hot topic at the White House and the National Security Council is considering the implications behind closed doors
Deutsche Bank consolidates ship finance DEUTSCHE Bank has merged all ship finance activities across the group under the new brand 'Deutsche Shipping'
Discrimination row over flag-ships FOREIGN shipping lines consider a circular exempting Indian-flagged vessels from a ban on ships of 25 years or more going in Indian territorial waters in the monsoon season as discriminatory
ISS warns on China; opens in Nigeria CHINA'S high inflation of 10-14% "could potentially impact on its competitiveness in manufactured goods", warns Capt Claus Hyldager, group CEO of Inchcape Shipping Services (ISS)
Officer pays a $120,000 penalty NEWLY-TRAINED US officers who try to escape sea duty can face dire penalties.
PierPass defends fees for peak boxes President Bruce Wargo says the $50-per-TEU charge during peak hours promotes off-hours business and relieves congestion.
Homeland Security awards $388M in port security grants
Panama Canal wrestling with delays, pilot protests
Senate OKs bill delaying Customs 'first sale' changes
WTO calls on U.S. to cut trade barriers
OCEMA publishes weight guidelines for container highway operation
Can a 50-year-old concept keep up with global supply and demand changes? When the sub-prime credit crunch started to bite really hard in the US at the end of 2007, ocean carriers quickly adjusted their business plans, introducing 'seasonal' reductions in capacity together with service suspensions. Now with the US market awash with export orders but frustrated by a lack of equipment, the industry is under pressure to prove the flexibility of Malcom McLean's 50-year-old container as the premier mode of global transportation.
Suezmax fetches $78m Arab Maritime Petroleum Transport Co's 153,000-dwt Al Dawha goes to Turkish buyers.
Hajioannou family floats fleet Safety Management is breaking the IPO drought by bringing the entire Hajioannou family fleet public.
Argentine strikes extended Farmers extend protest until 21 March, blocking grain trucks from reaching the country's terminals.
Prisco pair for sale Russian owner's chemical tanker sisterships hit the sale-and-purchase market.
Knightsbridge lifted Jefferies analyst increases earnings estimates after the US-listed tanker beats expectations.
Mercator takes Elephant A TMT VLCC is picked up by Indian owner for $170m with a charter-back.
Vessel sales boost B+H Capital gain from selling two ships helps US owner boost profits more than threefold.
That's some picker Fearnley Fonds shipping analyst Rikard Vabo is listed among top-5 pickers of US and Asian stocks.
Sold - to the only bidder Bulgarian government rubberstamps deal to offload national owner Navibulgar to Martrade-led group.
Ringaskiddy rumpus Ripples from the Irish port are rocking the industrial relations boat sailed by employers and ITF.
Three target Thessaloniki DP World will compete with Hutchison Port Group and Cosco for control of container activities at Greece's second largest port.
Wanted: single-hullers Michael Hudner-led owner B+H Ocean Carriers is on the prowl for single-hull tankers to convert to bulkers.
CH cashes in on oldie Elderly anchor handler sold at 23% premium, offshore owner says.
Good start for SNO Romanian shipyard almost doubles earnings in first quarter as revenues soar.
Veterans depart rejigged DB Torsten Wagner and Tjark Woydt head for retirement as SHL is brought in house to form new unit, Deutsche Shipping.
More losses for Davie First quarter continues in costly manner for Canadian yard as operating expenses equal revenues.
Uljanik suffers sales drought Croatian owner sees first quarter earnings cut compared to 2007, when it was boosted by bulker disposal.
Officer blamed for BP bash Report faults navigator on containership that ran into British Cygnet off Denmark.
Trico goes for DeepOcean Nasdaq-listed offshore giant launches premium bid which values Norwegian rival at $682m.
BW Offshore takes a beating Oslo-listed owner's first quarter profits dive $63.1m year-on-year but performance is in line with expectations.
DOF Subsea takes cost hit Oslo-listed offshore vessel player sees first quarter profit eroded by finance expenses.
Atlantska continues winning run Strong profit growth was maintained by Croatian bulker owner in first quarter.
Namura nails profit Japanese shipyard prospers in 12 months to 31 March, although current year seen weaker.
Downturn at Tankerska Croatian tanker and bulker owner posts lower first quarter profit as revenue stalls.
Mermaid marred by costs Crewing expenses and depreciation has dragged down first-half profit at Thai offshore vessel player.
Golden Ocean profit shines Oslo-listed bulker giant more than doubles earnings as it brings in $100m more revenue in first quarter.
BG back at Samsung British energy group returns South Korean shipbuilder for another pair of LNG carriers.
Hellenic fixes Breeze London-listed Greek bulker player fixes out panamax to Italian principals for 11-13 months.
Tamai piles it on Japanese bulker owner sees full-year profits almost triple compared to those of a year ago.
Profits surge at Thoresen Thai bulker owner reaps the rewards of very strong freight rates and high vessel utilisation.
Norway increases but puts ceiling on seafarer tax support In its revised budget for 2008, the Norwegian government proposes an increase of the state aid support for Norwegian sefarers by NOK 380 million to NOK 1.7 billion. At the same time, a ceiling is introduced, and there will ...
Master on Belgian tanker failed to report grounding The master of the Belgian flagged LPG-carrier Kemira Gas will be fined with at least DKK 10,000 for not reporting that his vessel ran aground in the Great Belt in the early morning hours of Wednesday this week. Kemira ...
Mærsk takes delivery of another container carrier A. P. Møller-Mærsk has taken delivery of another container carrier of the new M-class from the in-house shipyard at Odense. It was named Marchen Mærsk in a ceremony with Ingrid Steenstr'm Nielsen, wife of the shipyard's CEO ...
Total adds new barge and LSFO at Le Havre New barge increases bunkering capacity, LSFO made available at the French port for the first time.
Crude jumps to new record Sharp gain sees WTI top $127 per barrel.
Scottish government to address fishing industry fuel crisis Fisheries Fuel Task Force announced along with other measures.
ARA market firm, barges tight
New trader for Dan-Bunkering Kaliningrad office adds one more.
Brightoil seeing increasing demand Average monthly sales have doubled to 200,000 mt so far this year.
Bunker supplier 'not selling' at a loss Ceypetco denies selling subsidised bunker product to its partner company.
Bunker rules could contribute to rise in claims UK P&I Club chairman says ship owners operate in environment 'ever less forgiving of accidents of any kind'.
Prosecutors raid Korea National Oil Allegations KNOC officials had taken bribes and embezzled cash.
Scottish operator increases bunker surcharge Scottish port also introduces bunker surcharge for towage.
'Double-skin bunker tank' legislation moving forward 'We cannot let our coastlines suffer catastrophic effects of a spill,' says Senator.
Maersk's profits nearly triple But container business remains weak, hit by restructuring costs and high bunker prices.
Strong VLCC rates boost Knightsbridge profits But company notes, fuel prices have 'increased significantly so far in 2008'.
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