Petrobras plans to order US$30b of drilling ships, rigs Petroleo Brasileiro SA, owner of the Western Hemisphere's largest oil discovery in three decades, plans to order 40 drilling ships and platforms worth about US$30 billion for delivery by 2017.
Berg sets up its only Asian plant in S'pore In a business where reliability and reputation are everything, Berg Propulsion, one of the leading manufacturers of controllable pitch propellers, has chosen to locate its new plant and its only one in Asia in Singapore.
Nippon Yusen to borrow 11% more to fund costlier ships Nippon Yusen KK, Japan's largest shipping line, will increase borrowing from banks including Mitsubishi UFJ Financial Group Inc by 11 per cent to about US$4 billion this year to pay for costlier ships.
Petrobras in $30M spending spree BRAZIL's state controlled oil giant Petrobras is to spend $30Bn on 40 drilling ships and platforms over the next nine years, the company said in a statement yesterday.
French blockades halt ferries STRIKING French fishermen have blockaded ports and prevented ferry sailings at Calais, Dunkirk and St Malo today
Dubai firm plans Gujarat yard DUBAI'S Emirates Trading Agency (ETA) plans to set up a shipbuilding yard in Gujarat, India
Caricom drops cricket ball THE Caribbean has failed to have take advantage of integration efforts linked to cricket's World Cup West Indies 2007, although advances are being made in a trade pact with Europe
Shipping gets clean-up call SHIPPING companies should produce annual environment reports, a leading industrialist told the International Tug and Salvage Conference in Singapore today
LLX will float to raise cash INVESTMENT group EBX, owned by the South American billionaire Eike Batista, is hoping to raise $3.5Bn to spend on ports and logistics projects in Brazil by floating its subsidiary LLX.
Commissioner Anderson leaving FMC Resignation comes just weeks after a House panel took agency to task over complaints ranging from low employee morale to lack of leadership.
Senate to consider bill limiting sulfur in ship fuel
Seanergy buys Restis six US-listed blank cheque company pays $395m for a bulker sextet from the Restis family.
TEN stakes to hit market Major shareholders, including Tsakos family, take steps to sell off big slices in US-listed Tsakos Energy Navigation into public markets.
Judge rules in Tricolor case The boxship Kariba's blame is whittled down to 63% as the two other ships involved in the Tricolor sinking get a share in the blame.
TEN exceeds the 'superb' Nikolas Tsakos-led Tsakos Energy Navigation posts a 50% increase in profits.
US investigators' turf war National Transportation Safety Board cites "friction" with US Coast Guard in Cosco Busan case as it bids for primacy.
TTA tips full-year bonanza Fresh from a second quarter surge in profits Thai bulker owner says booming BDI will boost 2008 figures.
Zoullas bags supra pair Eagle Bulk buys two charter-free bulkers in a $146m move.
Mipo mum on Euro threesome Korean yard not saying much on three European owners who have penned orders for eight bulkers.
New boss for Eimskip Icelandic container line finds permanent successor to Baldur Gudnason in cold storage.
Kiel Canal gets bigger Germany plans to widen and dredge vital link from North Sea to Baltic.
Swan Hellenic scraps cruise UK operator left pining for the fjords after Minerva experiences engine trouble.
NYK digs deep Japanese giant to borrow up to $4bn this year to pay for newbuildings.
Tokai tanks Japanese ferry owner falls to bigger loss in first quarter as revenues dip.
Petrobras in $30bn spree Brazilian state-owned oil giant to ink 40 drillships by 2017.
Dof buys in India Helge Mogster-led owner adds another newbuilding in a $50m deal with Tebma Shipyards.
Fredriksen trims OSG stake Frontline boss offloads part of his stake in US-listed rival, but gives no indication of long term plans.
Concordia fixes P-MAXes ST Shipping and Transport takes three of Swedish owner's tankers building in Croatia on charter.
Bigger, but slower Maersk is increasing the size of its ships on its Europe-ME route, but they will travel at a reduced speed.
Unifeeder expands network Europe's largest feeder operator to provide more weekly services from Amsterdam and Zeebrugge.
Polembros ponies up the dough Greek owner puts down 5% deposit for capesize bulkers at Chinese shipbuilder JES International.
Saarikangas wants to save Finnjet The Finnish state broadcaster YLE reports that Martin Saarikangas and some members of the Esbo city council wants Esbo to buy Finnjet. They propose to use the legendary ferry as temporary living quarters for refugees and visiting researchers and to ...
Disgruntled Sævik sells Aker Yards' shares at discount price As a consequence of not having received enough support for his strategy for Aker Yards' future development, Per Sævik decided to sell the around ten per cent of the shares he controlled. S'vik wanted to see a new board and ...
Total t/c cover for Concordia fleet Concordia Maritime has secured long-term charters with ST Shipping and Transport, the shipping arm of Glencore, for three of its P-MAXes. The deal runs for three years for each vessel from delivery from the shipyard, one in 2009 ...
UK: Consultation launched on new STS transfer laws New regulation will ban bunkering operations outside statutory harbour authority waters.
More bullish news as US oil inventories shrink Crude at $130 after weekly inventory figures show unexpected drop in crude and shrinking gasoline cushion.
Bunker market report from Praxis
Big port expansion from Castrol Marine Supply network extended to 80 new ports, marine lubricant barge service added in China and Japan.
Industrial action complicates Le Havre bunkering Barge movements hampered by frequent closures of locks separating refinery from port.
Rotterdam market firming
GAC says no to IPO The group is content with its current financial model and "sees no reason" to launch an IPO.
Maersk cuts speeds on Europe/Middle East route Shipping line says reduced speed will improve services and cut emissions.
Australian port reports 'good avails' But players in Sydney say high prices are subduing demand.
Suppliers defend new bunkering rules Port Klang bunker regulations will prevent deals going 'below the radar'.
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