Bidders to pay large premium for Daewoo Shipbuilding Despite a sliding stock market, bidders for South Korea's Daewoo Shipbuilding may have to pay a hefty premium and large fees to snap up the coveted US$4 billion asset amid upbeat prospects for the sector.
STX bags 214b won bulk carrier order STX Shipbuilding Co, the owner of Europe's largest shipyard, said that it received a 214.1 billion won (S$288 million) order from Europe for two bulk carriers, filling an opening from a cancellation.
Baltic Dry Index falls another 57 points The Baltic Dry Index, a measure of shipping costs for commodities, had an eighth consecutive decline on reduced demand for so-called panamax vessels to haul grains.
Fleet Management, pilot charged with Cosco Busan offences FLEET Management has been indicted for negligently causing an oil spill and falsifying documents.
US Coast Guard in the firing line over Cosco Busan
Puntland clan elders to negotiate with pirates THE pirates are holding the Stella Maris with 20 Filipino crew on board and elders will find out their demands.
Fleet Management charged with Cosco Busan cover-up FLEET Management Ltd, the company that managed the Cosco Busan when it crashed into a San Francisco Bay bridge, spilling 166 tonnes of bunker fuel, was indicted today on six felony counts of filing false documents to try and cover up negligence
Cruise shares rocket after layoff ROYAL Caribbean Cruises shares have surged 18%, proving again that short-term investors reward mass layoffs
Collision closes Mississippi MILES of the lower Mississippi are closed to commercial traffic after an overnight collision involving a tanker and a towboat
UPDATE -- ILWU talks nearing completion Negotations between International Longshore and Warehouse Union, employers closing in on a new multi-year labor contract.
ILA 'firmly behind' ILWU
Court rules EPA cannot exempt vessel discharges
Charge hits Ryder net
TWIC reader tests to begin
Manufacturers seek tariff reductions at trade talks
Cosco Busan operator charged with obstruction
Evergreen in Baltimore pact
Bush signs MARPOL bill
WTO meets for Doha talks
NY-NJ Port Authority protests planned cuts for TWIC pilot
1,300 tonnes Coast Guard gives details on spill from American Commercial Lines barge after it collided with the Tintomara.
Mississippi mess Diesel oil is leaking after a American Commercial Lines barge and a chemical tanker are involved in collission on the Mississippi River.
Dolly closes ports As Category 2 hurricane nears land, south Texas ports are closed. Storm skirts offshore operations.
$3m to free ship? Huge number of pirates means Somali captors of Japanese supramax Stella "won't take less than $2m", source claims.
All about OPEC JPMorgan analyst shifts tanker rate projection focus from oil demand, as he lifts earnings forecasts for US-listed owners.
Close shave Loss of situational awareness lead to a potentially disastrous near head-on collision in Australia.
Greek ships crash Blue Star Maritime vessel smashes into docked ferry, injuring three people.
Li wins the day Hong Kong billionaire's consortium enters highest bid for Thessaloniki terminal contract.
Bouncing back Shares in Svein Moxnes Harfjeld-led BW Offshore gaining ground after recent slump.
Hapag bids flow in Up to six or seven bidders enter starting race for Hapag-Lloyd but mooted figures on the low side.
Crude gain Port of Rotterdam builds oil volumes by 11% in first half, as demand grows in Benelux and Germany.
Sub sea work Titan of the US drafted in to shift World War I German U-boat to give ships more clearance in English Channel.
Six for Vyborg Russian owner continues to expand fleet with deal for con-ros at Uljanik in Croatia.
Back in vogue Investors flock back to buy South Korean shipbuilding stocks on the back of DSME's record sales performance.
Sovcomflot soars Hot tanker market sees Russian giant's revenues more than double in first half.
STX fills slots Mystery European takes up two available slots at Korean yard after Greek's capesize order was quashed.
Ferry shake-up Philippines politician wants owners to list to improve corporate governance in wake of Princess of the Stars disaster.
Paris pumped up Goldenport boss tips revenue to rise 15% over the next three years following double bulker sale.
Mile HHI club South Korean shipbuilder said to be eyeing up near $20m slice of Hainan Airlines unit.
Evergreen signs Taiwanese box line set to stay at Baltimore in US for another 10 years.
Another try India's Kerala government wants to launch ferry service to Persian Gulf after previous attempts ended in failure.
APM expands AP Moller's terminal arm signs up for second joint venture container port in Vietnam.
Trio for Aegean Greek bunker player confirms acquisition of ex-Everard Shipping product tankers.
India bound OOCL to launch new Indian subcontinent to US East Coast service in August.
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