Commodity carriers will collapse in 6 months Lines that ship commodities will begin to collapse within the next six months and 'significant' numbers may fail within two years, according to Fearnley Fonds ASA.
Branson starts assault of trans-Atlantic record While Richard Branson stood on the deck posing for photographs with his two children before his latest endeavour, the crew of the Virgin Money, a 99-foot maxi yacht, was already hard at work.
FedEx says IRS withdraws penalty for drivers' status FedEx Corp said the US Internal Revenue Service (IRS) withdrew a preliminary finding that it owes back taxes for misclassifying drivers, bolstering the company's assertion that the workers are contractors and not employees.
Claims against Industrial Carriers could top $100m DETAILS of individual claims against Ukraine-based chartering firm start to emerge.
Industrial Carriers heads to court owing $33m
Masters told to re-route to avoid pirate attacks SHIP operators ask masters to keep away from Suez Canal to evade risk of piracy in Somali waters.
Diminishing credit leads to shrinking ship sizes BANKS, unwilling to provide letters of credit, have forced shipowners to ditch expectations of fixing larger vessels.
Low-ball offer sinks Top Ships sale TOP SHIPS has broken off negotiations for the sale of the company after potential buyer George Economou slashed his offer in half
Container ship rates plummet CHARTER rates for container ships have sustained the largest weekly losses in several years, as the amount of spot tonnage keeps building up
Sea Star, Horizon figures plead guilty FIVE FORMER Jones Act executives have formally pleaded guilty in a Florida courtroom, admitting their roles in a price-fixing conspiracy in the US-to-Puerto Rico trade
Why inquiry is likely to widen INVESTIGATORS are likely to follow up price-fixing guilty pleas by five former Jones Act executives by focusing on the carriers that previously employed them: Horizon and Sea Star
Helmsman blamed for collision TESTIMONY in the inquiry into the July Mississippi River collision between a tug-barge and tanker suggested that the helmsman of the tug Mel Oliver may have been asleep in the wheelhouse in the moments leading up to the incident
'Entirely in line' CMB doubles profits in the third quarter thanks to sale of two bulkers, and the company says it can weather a crisis.
Top nixes bid George Economou has failed in his attempts to buy US shipowner Top Ships.
Problem not new Somalia's piracy has been a problem since fishermen began demanding 'taxes' more than a decade ago.
ASC profits jump American Steamship Co sees 36% increase in third quarter profits as weather helps laker fleet.
Concordia soars Robust product tanker and VLCC rates lift Swedish owner in third quarter but will demand wane?
French nab pirates Up to nine suspected buccaneers picked up by French frigate and handed to Puntland officials.
Record for Maersk One off charter for Maersk anchor handler finally sees £200,000 per day barrier breached in North Sea.
Profits surprise US drillship and rig owner Noble Corp blasts past Wall Street expectations with 20% jump in profits.
Dry fall rolls on Jinhui, Golden Ocean, Norden and Goldenport among big name stocks hit as European bulker owners follow Asian and US-listed peers down.
Tender delay Montenegro to launch new sell-off of Bijela shiprepair yard by year-end at the earliest.
Gotland grabbed Taxman takes chunk out of Swedish tanker and ferry owner's profit to 31 August.
Pirate 'impunity' Somalia grabs pole position as piracy hotspot with 'unprecedented' level of attacks a threat to shipping.
Probo pair jailed Owner of company which dumped toxic waste from Probo Koala jailed in Ivory Coast for 20 years.
Keppel cautious Rig builder Keppel Corp "keeping powder dry" in current turmoil, but fundamentals "still intact".
Tsakos charters Nikolas Tsakos-led owner's two new aframaxes win strong rates for repositioning deals after delivery in Japan.
Ro-ros on a roll Sweden's Transatlantic has pushed up nine-month profit in strong markets, including a boom in North Sea offshore sector.
Slim chance Korean steel giant Posco could still take part in Daewoo auction if first sell-off attempt fails.
Red ink for Siem Kristian Siem-led shipowner clobbered by the rise of the dollar in the third quarter as it sinks to $18.7m loss.
Big John slimmer JP Morgan cuts Frontline stock to underweight from overweight as it forecasts global oil demand drop.
POT shot Auckland's bid for boxship activity at Port of Tauranga is on the way, chairman says it reveals 20% boost in first quarter profit.
Ezra ends poorly Fourth quarter profits slump 84% at Singapore offshore player as costs and provisions bite.
Asia stock shocker Shipping shares in Japan, Korea and Singapore tumble as commodity price fall, but yards better off.
Seacor exceeds Charles Fabrikant-led shipowner trumps market expectations as third quarter profit picks up by 8%.
Salvage blast Two divers hurt as explosion tears through sunken Philippines cargoship during engine room cutting operation.
Phil backs FSL Boss of battered Singapore shipping trust, Philip Clausius, has snapped up stock after mini rally.
Great interest in Svithoid's fleet The liquidation of Svithoid Tankers, which filed for bankruptcy on 12 October, is in progress. The receiver, Einar Wanhainen at G Grönberg Advokatbyrå AB, told SSG that many interested parties have got in touch about Svithoid Tanker's fleet. The shipping ...
EU to say no to Polish plan for shipyards In a speech in the EU Parliament, competition commissioner Neelie Kroes said that the Polish plan to restructure its shipbuilding industry will be rejected. According to Kroes, the plan does not ensure the viability of the yards. She also claims ...
CMA CGM starts regular traffic to Scandinavia The French-owned shipping company CMA CGM, the world's third largest container shipping company with 337 vessels, will start regular traffic to G'teborgs Hamn and Helsingborgs Hamn in November. Feeder ships from the company will sail once a week between ...
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