Global production of floaters accelerating Worldwide production of floaters is growing at an accelerating pace, according to findings by the International Maritime Associates (IMA).
Frontline, Fredriksen hold 5.2% of OSG Oil tanker group Frontline said it and firms directly controlled by its main owner John Fredriksen have a 5.2 per cent stake in Overseas Shipholding Group (OSG) and a forward contract on 4.4 per cent more.
Menlo moving its RHQ to Boon Lay MENLO Worldwide Logistics, which bought Cougar Holdings here last year, is moving its regional headquarters to its premises in Boon Lay.
Aker to sell 70% of three yards in Europe The announcement comes just days before an extraordinary general meeting called for April 1 to vote for a new board of directors.
Industry prepares unified CO2 position THE series of measures will be designed to reduce greenhouse gas emissions from shipping.
Seoul prepares to intervene in Pusan port dispute THE South Korean government is preparing to intervene in operations at the nation's key port.
Carnival on top of world with Arison's down-to-earth style WITH a canny takeover strategy and an acute sense of brand, the cruise group boss has had more than simple good luck on his side.
Another sort of surge ALARMING as they seem, the total and partial loss statistics just revealed by IUMI come as no surprise.
Aker sells merchant vessel assets Aker Yards is set to sell a 70% stake of three of the yards in its merchant vessel branch to Russian-owned investment company FLC West for $453M
Shipowners beg for bank rate cut INDONESIAN shipowners have asked Indonesia's central bank to set interest rates at not more than 13%, with a seven-year grace period and downpayment of 10-20% for newbuildings
Rezzak families seek assistance FAMILIES of the Rezzak's 24 crew members have submitted a memorandum to the Maharashtra Human Rights Commission seeking its intervention to trace the seamen
EU could cause CalMac calamity SCOTTISH state-owned ferry operator CalMac could be made bankrupt as a result of European Commission action
Riverdance declared CTL RO-RO ferry Riverdance has been declared a constructive total loss by its owners and insurers after nearly two months of being grounded on a beach north of Blackpool
First million-dollar ghost sold INCREASING demands for scrap steel have led to the first $1M ghost ship being sold by the US Maritime Administration
China agrees to U.S. C-TPAT checks In pilot program, U.S. officials to help Chinese inspectors validate facilities under Customs-Trade Partnership Against Terrorism.
MSC ship fires warning shots near Suez Canal
Ag group claims port fees could cripple exports
Japan business confidence hits record low
Opinion: Freedom should be key to LA port truck plan
Two injured on bulker Crewmen are airlifted from a Thoresen Thai Agencies ship off New York City.
Ports pay for green Ports of Los Angeles and Long Beach will subsidise for low-sulfur distillate fuels for ships nearing the facilities.
$50m lawsuit in spill Provincial governor in Argentina says charges filed against six at tanker owner Antares Naviera allows his administration to file a lawsuit.
Aries shares sink After the Mons Bolin-led company announced that it will suspend its dividend, US-listed owner sees its shares lose more than 10%.
US denies Suez death The US Embassy in Egypt says no one died when a chartered-in ro-ro opened fire on a boat carrying salesmen.
Aker heads into orbit Oslo-listed shipyard group sees market value shoot up by a quarter after Russian state investors buy in.
Mercator fixes newbuilding Singapore-listed owner puts a 92,000-dwt gearless bulker newbuilding on charter to Cosco.
Marad nets big price The US Maritime Administration's recycling program pulls in its biggest scrap price yet for an obsolete reserve ship.
CSDC a little shy Final annual profit figure at China Shipping Development a drop of CNY 100m from previous estimate.
Aries sells two more Mons Bolin-led company banks $6.3m following departure of ageing boxships.
Frontline flies on bid hope Market value of John Fredriksen led tanker venture gains $290m on OSG consolidation speculation.
Russians buy into Aker State investor FLC West grabs 70% stake in three yards following $450m deal.
Divers in rescue bid Searchers prepare to enter sunken AHTS but hopes of finding 18 trapped crewmen alive are slim.
Navy-chartered ship fires, 1 dead US-flagged ro-ro on charter to Navy opens fire on approaching boats near Suez Canal killing one.
Global eyes newbuildings Malaysian shipowner looking to build up its four-ship orderbook after selling ageing tanker.
Hyundai gets heavy Shipbuilder will boost stake in Hyundai Oilbank to beat off takeover attempts.
Hellenic reveals war chest Greek dry-bulk owner in the hunt for several additions to fleet after borrowing $150m from two local banks.
Emarat seals finance Dubai shipowner inks financing for aframax tankers at Hanjin with quartet of banks led by Natixis.
Leopard heads to Med Deep Sea Supply offshore vessel grabs $15.55m deal for eight months in the sun.
Seadrill inches up stake John Fredriksen company gobbles up a little bit more stock in Malaysian drilling contractor.
Russian majority owner in three of Aker Yards' plants Aker Yards ASA will sell 70 per cent of its wholly-owned, Norwegian-based holding company Aker Yards Ukraine Holding AS to the Russian investment company FLC West for EUR 291.9 million. Today Aker Yards Ukraine Holding AS is ...
Several Easter incidents in the Baltic Sea A number of accidents occured in the Baltic Sea during Easter holiday. On Monday, the crane pontoon barge Pontus and the dredger barge Elvira sunk east of H'radssk'r off Valdermarsvik on the Swedish east coast. The were under tow by ...
18 seafarers are still missing after collision 18 Ukrainian seafarers are still missing after the accident when the Ukrainian supply vessel Neftegaz-67, 1,300 DWT, sank after a collision with the Chinese bulk carrier Yao Hai, 69,497 DWT, off Hong Kong on Saturday, reports Fairplay. The seafarers ...
Ports' distillate fuel plan is official Go ahead given as industry giving support to incentive scheme.
Bunker market report from Praxis
New trader for Bominflot
New bunker supplier in Georgia Bunkering resumes in Batumi and Poti.
IBIA in bid to establish professional bunkering qualifications Looking for third parties to set up 'comprehensive training regimen' for bunker industry personnel.
April re-start for Portland bunker station New owner Aegean says it expects to begin supplying at what will be its eighth service centre next week.
Rotterdam market quiet
Australia to ratify oil spill protocol Ratification is aimed at increasing compensation for oil spills.
Sri Lanka adding onshore bunker storage State-run oil refiner and bunker supplier to benefit from new infrastructure at Colombo port.
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