Insurance premiums may go up Rising losses from navigational accidents last year may lead to significantly higher insurance premiums this year, according to DNV Maritime Solutions.
Historic RoRo vessel launch for ST Marine ST Marine will play a small part in the production of the Airbus A380 after it launched on Saturday the first of two roll-on roll-off (RoRo) vessels to be chartered to Airbus for transporting sections of large aircraft components for the giant passenger jet.
Asian Aframax rates may rise Asian aframax charter rates may advance for a third week, boosted by increased demand for ships to carry March cargoes and rising bookings for larger tankers.
Dry bulk rates expected to rise
Indonesian navy ferries passengers amid poor weather
Star suffers massive loss Star Cruises plummeted even further into the red on currency translations and fuel expenses, but will reap gains from its Apollo deal in 2008
SCI shipmanagement tender flops SHIPPING Corporation of India has reported a poor response to its global tender to place 30 ships ' 15 tankers and 15 bulk carriers ' under private manning and management
Riverdance salvage thwarted HOPES of getting the stranded ro-ro ferry Riverdance nearer to being able to be refloated were thwarted over last weekend by bad weather, and it could be weeks before another attempt is made
Still room for luxury in a downturn LUXURY cruise customers won't curtail travel plans despite "dire predictions on discretionary spending", according to a new survey by SeaDream Yacht Club
Loss for Trailer Bridge in fourth quarter Jones Act line falls into the red on higher fuel costs, startup of Dominican service, and soft conditions in its core Puerto Rico market.
Tanker newcomer's chief quits Robert Mitchell quits his roles at the head of St Lawrence Energy, weeks after the company emerged as a US owner of products tanker newbuildings.
DryShips in drillship deal George Economou's Nasdaq-listed bulker owner quietly picks up rights for two drillships at a South Korean shipyard.
Gulfmark soars on results Fourth-quarter profits drop but beat Street expectations, leading the US offshore vessel owner's stock to jump 10.5%.
Trailer Bridge posts loss US container barge operator sees a loss in the fourth quarter as fuel costs increase and a new service drags earnings.
Turkish yards closed Spate of fatal accidents prompts government to order "partial" closure of three shipyards and union to call strike.
Heiress joins board Kathrine Fredriksen takes the board seat vacated by dealmaker Tor Olav Troim at her father's company.
Handy fetches $16.8m A 26-year-old handysize bulker is sold to undisclosed interests out of Nordstrand Maritime's fleet.
Hornbeck plays accordion Houston offshore vessel owner expands credit facility to $250m using an "accordion feature".
Capital picks up two Two products tankers to make their way from Capital Maritime to the US-listed owner.
Changi Hope deal hopeless A steel mill's reported deal to buy a handysize bulker has fallen through, brokers say.
Omega sets poison pill Nasdaq-listed owner approves shareholder rights plan to defend against a takeover attempt.
Jan de Nul orders in China Dutch owner signs for two hopper dredgers at Xinhe, with option for third.
Star stuck in the red Hong Kong-listed cruise outfit's fourth quarter loss narrows, but 2007 is worse overall.
WWL goes large Wilh Wilhelmsen and Wallenius Lines unveil combined order for eight LCTCs in Korea.
Profit soars for Yangzijiang Listed Chinese yard almost doubles 2007 earnings on back of boxship building boom.
Lamnalco bids for Smit Terminals Dutch/Saudi group offers $300m for salvor's oil and gas services business.
BP Shipping's $1bn bill Bunkers fuel 20% rise in fleet expenses but $181m 'profit' beats target.
Poor response for SCI Ship management tender draws only two bids, with Indian owner now considering whether to go ahead.
Odfjell adds another Joint venture with Dong Zhan Shipping orders small chemical tanker at Zhoushan Penglai.
North Korea holds cargoship Russian diplomat refused meeting with crew of vessel accused of violating sea borders.
Zim plans $500m IPO Ofer to offer stake in container line through Hong Kong stock exchange listing.
Riga Shipyard plots expansion Latvian yard ready to invest at least $6m to move into new ship types.
Cargoship missing Fears grow for 25 Indian crew of Turkish-managed ship unable to be traced in Black Sea.
B+H slumps to a loss Tanker to bulker conversions pushes Amex-listed products tanker and OBO operator into the red.
Sevmash to keep building Russian yard will complete and try to sell 12 chemical tankers dumped by Odfjell because of delays.
Finstaship eyes spin-off Finnish state icebreaking operation could form separate company for multipurpose ships to raise expansion cash.
Eight more for Mipo Korean yard building car carriers and chemical tankers for two European owners.
Brøvig orders chemcarriers in China Brøvigs Rederi in Southern Norway has placed orders at Shuang Dong Shipyard for two, option two stainless steel chemical tankers of 4,400 DWT each for delivery 2010 for the firm orders. The contract price is said to be around USD ...
Credit crisis could put pressure on ship prices German shipping bank DVB says that the US mortgage crisis and slower growth in China and India could bring ship prices down. According to the bank decelerating growth in Asia, particularly in China, is likely to reduce charter rates and ...
Finnlines: Stagnation in Finnish export Finnlines reports that the economic trend seems to have changed considerably at the end of last year. The import to Finland continued to grow, while the growth in export volumes stalled. Further it is stated that the economic development in ...
BP Shipping's fleet operations costs top $1 billion Says 20% rise in operating for 2007 reflect "higher bunkering costs and demand-led inflation across the shipping industry."
South Korean bunker prices spike Supply worries sees Korean market firm while other markets soften.
Beluga eyes bigger kite, double fuel savings Company reporting 10-15% fuel savings during first commercial outing for the SkySails system.
Bunker market report from Praxis
Floating bunker surcharges 'winning support' Container lines claim freight customers accept the need to separate bunker costs for freight rate calculations.
Slower sailing potential curtailed Container lines' ability to cut cost and emissions by slowing down ships limited by tight port schedules.
BP Oman wants more local hires Energy major behind Salalah bunkering terminal wants 50% of its staff in Oman to be Omani nationals.
ARA: Limited activity Monday morning
GS Caltex to trim March bunkers by 10% Reduction plans will not extend beyond March, company sources said.
Barclays forecasts oil at over $135 in 2015 The investment bank raises oil prices forecast on oil supply concerns.
Collision leaves up to 20 dead A barge carrying fuel oil tankers has collided with a ferry in the Amazon River.
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