Lack of ships curtailing deepwater drilling As President George Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deepwater offshore drilling promises to impede any rapid turnaround in oil exploration and supply.
Marco Polo sells 6 ships for $4m gain INTEGRATED shipping group Marco Polo Marine is selling six of its Singapore-flagged vessels, a combination of tugs and barges, for $12.5 million as part of its fleet renewal policy. The sale, to be done through its Marco Polo Shipping unit, will give Marco Polo a net gain of about $4 million.
Business at Royal Caribbean holding up despite rising fuel costs Bookings with Royal Caribbean Cruises Ltd are up for the rest of the year, but chief executive Richard Fain admits to keeping a close eye on reservations just in case anything changes.
Gulf tanker rates may jump on Asia, Atlantic demand
Delta militants attack FPSO SEABORNE raiders this morning attacked Shell's 312,500dwt FPSO Bonga, 75n-miles offshore Nigeria ' and it is believed that some could still be hidden on the vessel. Shell stopped operations in the oilfield after the attack, shutting in a reported 200,000bpd
Carnival holds firm CARNIVAL Corporation kept its second-quarter profits steady as better-than-expected yields counterbalanced surging fuel costs
Argentina strike extended ORGANISERS of the 100-day-old farmer's strike affecting Argentina have extended their ban on grain exports until midnight on 20 June
Marina to regulate NVOCCs THE Philippines' Maritime Industry Authority is to take over the supervision and regulation of international shipping lines and NVOCCs in the country
Malta Shipards to privatise MALTA'S government has decided to start the process to privatise Malta Shipyards, the PM says
Weak $ favours US exports ALTHOUGH the US economy is strugglingn, forecasts for containerised cargo this year point at sustained growth, a port conference hears
Car carriers 'have hit optimum size' RESTRICTIONS on car carrier dimensions will mean newbuilding orders placed by Japanese lines must stay close to current capacity, says the head of MOL's car carrier division
Ro-ro vessels to be rebuilt by Aker Yards Aker Yards Lifecycle Services has signed two significant conversion contracts. On Finnlines' ro-ro vessels Finnmill and Finnpulp the weather deck will be converted for ro-ro cargo by building ramps from the upper trailer deck. Today the weather deck ...
Finland's largest container cranes in Helsinki's new port The terminal operator Finnsteve will during the summer take delivery of four Post-Panamax container cranes from Kalmar Industries for their container terminal in Helsinki's new Vuosaari port, which will be operational in November 2008. The first crane is already ...
Royal Caribbeans new neighbourhood concept Royal Caribbean International has released more details about their gigantic Genesis-twins on order at Aker Yards Turku shipyard. The first vessel Oasis of the Seas will be handed over in the autumn of 2009, followed by Allure of the ...
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