Baltic index posts 4th straight decline The Baltic Dry Index, a measure of shipping costs for commodities, posted a fourth consecutive decline on Friday as vessel queues eased, boosting the number of ships available for hire.
NCL to lay off 145 workers NORWEGIAN Cruise Line will lay off 145 workers as a result of a strategic realignment and the need to counter what it called "systemic change" in fuel pricing
Rigs pump up DryShips DRYSHIPS tripled quarterly profits on strong spot rates, ship sales and a diversification into the offshore drilling rig segment
US alcohol-testing review urged FOLLOWING up a recent investigation into casualties, the US Coast Guard to review its post-accident alcohol testing
US unveils major Arctic push THE US Coast Guard is significantly increasing its security and rescue operations in Arctic waters in light of retreating ice and the promise of energy resources
Cargo ship sinks off Ba Ria VUNG TAI Maritime & Port Authority has reported that cargo ship Green Viship has sunk in the territorial waters of Ba Ria after colliding with another vessel
Blast kills Chinese yard worker A WORKER has been killed and another seriously wounded by an explosion on board Fuhai No 8, which was about to be launched at the Huajie shipyard in the Linhai Zhejiang province of China
Is the UK's shortage of box port capacity consigning it to spoke status? Listening to DP World's London Gateway management's media conference on Wednesday (August 20), announcing the award of construction and dredging contracts, you could be forgiven for thinking that this was a container facility that could compete with the big boys of Europe: Rotterdam, Antwerp and Hamburg.
Hanjin banks on Evergreen to lop six days from Thai USWC
STX may force a transfer of the remaining Aker Yards shares STX Norway AS has received acceptance to acquire 54,5 million shares as a result of its mandatory offer to buy the remaining shares in Aker Yards. Including treasury shares, STX Norway AS will after settlement control 92.46 per cent ...
All time high for Frontline John Fredriksen-controlled tanker owner/operator Frontline Ltd reports all time high for Q2 2008. Net income was USD 318 million, including asset sale gains of USD 128.6 million, up nearly 70 per cent compared to corresponding period last ...
Laid up ro-ro sold for recycling The owners behind the small ro-ro vessel Bornholm did not find any further trading buyers for the vessel, which has been laid up since the end of March at Kolding. The vessel has now been sold to Smedegaarden and ...
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