Tanker conversions may stall after rates plunge Shipowners may scrap plans to convert supertankers into dry-bulk carriers after a record plunge in the returns from transporting commodities such as iron ore and coal, investment bank Fearnley Fonds ASA said.
Shanghai port traffic rises 20% in 2007 Shanghai's ports handled 26 million twenty-foot container equivalent units (TEUs) in 2007, a rise of more than 20 per cent that helped the city surpass Hong Kong to rank second globally, Xinhua said on Friday, citing Shanghai port and shipping officials.
Owners, masters in Korean oil spill charged HEBEI Ocean, Samsung Heavy, captains of Hebei Spirit and two tugs, have all been charged with breaking maritime pollution prevention laws.
Costume drama Hebei Spirit spill protest
Ship recyclers to be given set standards THE proposed ISO standards will be presented this week.
Port congestion takes its toll on Pakistan: WTO COUNTRY needs to invest in infrastructure, as bottlenecks hamper cost competitiveness.
It's all to do with Money AS THE bean counters have gained the upper hand in shipping, money matters more than practically anything else.
Verdict on Erika verdict A CONTENTIOUS verdict in a French court may not turn the maritime world upside down, but it will encourage those who would do so.
Sadanand owner denies wrongdoing MERCATOR Lines has vigorously denied claims that its Aframax tanker Sadanand attempted to illegally discharge waste materials in Chittagong
Mombasa crippled by congestion DESPITE reports of improvement, Mombasa is suffering extreme cargo congestion and ships are starting to leave without unloading, a local source tells Fairplay
Break bulk boost for Rostock GERMAN ferry port Rostock is establishing itself as a break bulk cargo hub on the Baltic Sea following major industrial investments close to the terminals
Box port dream for Niger Delta A CONSORTIUM led by the African Finance Corporation has signed an MOU to develop a huge megaport at Olokola, Nigeria, about 400km west of Port Harcourt
Hawaii Superferry hits rough waters HAWAII Superferry's re-start has been battered by rough seas and very low occupancy, spurring an emergency appeal on passenger fares
Port of Los Angeles-Long Beach readies final version of clean-truck program Ports to clear up uncertainty over anti-pollution measures with release of final version of truck plan in mid-February.
Organize to expand world trade, entrepreneurs urged
Bear Stearns sees rail and truck freight rebounding
Strike hits Italian ports
Wind-propelled freighter readies first cargo voyage
A better deal for the small volume shipper? This week saw the launch of Maersk Line's 'Youship' (www.youship.com) web booking system. It is targeted at smaller volume shippers and has the aspiration of making the murky process of booking cargo on container ships as easy as booking airline tickets, cruises, car rentals and theatre tickets online.
NYK Logistics buys US forwarder Bruni International
RCL invests for the future
ESL, OOCL and TS Lines join up for new FE/Mid-East service
Mombasa secures JBIC loan
Marseilles-Fos joins the millionaire box ports league
Shipyard chief resigns The president of Argentina's Astillero Rio Santiago resigns over political changes.
Fortune for a Pearl Unnamed buyer puts Centurian Maritime's handymax bulker Fortune Pearl in its crown for $58m.
Line dives into shortsea Newest Canadian shipowner plans European-style shortsea services for the St Lawrence-Great Lakes corridor.
Meriom twins sold Two 38,400-dwt Overseas Maritime Carriers chemical tankers sell for $45.5m a piece with an attached bareboat charter.
PDVSA inks tanker brace Venezuelan oil giant slates a two ship order at Argentina's Astillero Rio Santiago shipyard.
DHT against the tide Analyst upgrades Double Hull Tankers to "buy", leading the US-listed owner's stock to rise.
Dredger damaged in clash Danish vessel holed in accident involving Russian cargoship off Bornholm island.
Governor slams Broadwater Connecticut's governor has issued a letter to her counterpart in New York asking him to "do what Ferc would not" with a proposed floating LNG terminal.
Fredriksen cuts ties Seadrill dumps its 25% stake in Aker Drilling ending its hopes of completing a take-over of the semi-submersible rig owner
Bulkers bear teeth again Stocks rebound in Oslo and New York on Friday as capesizes start recovery, but London lags behind.
Owner denies Kerch grounding Turkish operator say product carrier Marmara Mariner just stalled in Kerch Strait but never grounded.
Fesco comes together Expanded Russian group combines shipping, rail and logistics under one management operation.
Italian trio call for strikes Unions push for an immediate walk-out at ports nationwide after the death of three workers at Porto Marghera.
Borgestad extends FPSO deal Norwegian shipmanager signs up for five-year term with Reliance worth $100m.
Tanker 'grounds' in Kerch Strait Bunkering vessel to take some cargo from stricken Turkish product carrier aground off Ukraine.
Guangzhou hit by dry run Hong Kong-listed shipbuilder hits eight-month low during morning trading as fears of a slowdown in newbuilding orders persist.
ABG in at Olongapo Subic Bay authorities offer Indian yard 25-year deal to run domestic Philippines shipbuilder.
Pipavav IPO to net $200m Indian shipbuilder has filed IPO papers in a move which could value the Mumbai-based player at $2bn.
Fiery protest over spill Korean fishmonger sets himself alight in row over Hebei Spirit compensation.
Two dead in yard blast Filipinos killed in explosion at Hanjin's new Subic Bay facility, with three others injured.
Equity up at Lloyd Fonds Open-end ship funds fill coffers at German limited partnership house but private equity keeps its distance.
UK bidder wins Bijela race Montenegro ranks Channel Islands consortium first in auction to own shiprepair yard.
Boxes lift Baltic port Increase in container traffic boosts throughput at the Port of St Petersburg by 10%.
Essar mulling merger? Indian tanker owner could swallow offshore drilling sister company to boost market value.
Evergreen set to grow again Chairman Arnold Wang says boxship group will survive US downturn and rising oil prices this year.
Ice Prince set for survey UK authorities call up Irish Lights vessel Graunuaile to determine if wreck is hazard to navigation.
Adelson plays winning hand Casino mogul comes up trumps at Macau court and is free to resume his ferry service.
FFA business booming First full-year Baltic Exchange figures for bulkers show 34% increase, with tanker trades up 14%.
Stena buys product-trio Stena Bulk has purchased three product tankers, the Stena Conqueror, the Stena Conquest and the Stena Italica, from Italian Gestioni Armatoriali Spa in Ravenna. The price tag is approximately SEK 1 billion and delivery is set for February 2008. The ...
DFDS buys Italian ro-pax newbuilding DFDS has signed up with Italian Grimaldi Holdings S.A. for the purchase of a newbuilt ro-pax ferry for delivery in May 2009. The ship is the fifth in a series of eight identical vessels ordered by Grimaldi at the ...
Dredger and coaster collided off Bornholm In the early morning hours of Friday a collision occurred off R'nne on Bornholm. The local suction dredger Ahlsell collided with the St Vincent registered coaster Rybun sailed by a Russian crew. The dredger had some serious damages to the ...
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