China shipyard warns of sector slump China's No 1 shipyard expects rosier 2008 earnings after having secured better prices, but warned yesterday of slowing orders for new ships as a United States economic recession threatens to crimp global trade.
Thai Airways posts 54% dip in profit Thai Airways International Pcl, the country's largest carrier, posted a 54 per cent decline in profit in the last three months of 2007 because of currency fluctuations.
US Airways adds US$25 charge for second bag US Airways Group Inc said it will start charging fliers US$25 to check in a second bag, the latest effort by the company to raise revenue and deal with rising costs.
Rights debate threatens to derail new casualty code AMMENDMENTS to make mandatory flag state investigations into casualties face delays by disagreement over seafarers' rights.
Accident probe consensus is elusive
UK box ports to remain in 'tight balance' TOP government transport economist predicts continuing tight balance between capacity and demand over next five to ten years.
Britain coastguard strike to go ahead MARITIME and Coastguard Agency staff belonging to PCS union to start 24-hour
Genoa to kick PSA out of Voltri? Genoa Port Authority has threatened to withdraw its terminal concession to Voltri Terminal Europa if productivity does not improve
Indians probe Rezzak crew manager INDIA'S directorate general of shipping has ordered an inquiry into the Mumbai-based ship management company that provided manpower to the missing vessel Rezzak
UK to act on seafarer 'poverty' pay THE legislative process has started in both houses of the UK parliament to bring to an end "poverty wages" paid on British vessels
OSG profits halved despite rally Overseas Shipholding Group's profits plunged 46% last year on a mix of much lower freight rates and higher fuel costs
Arntzen in bullish mood Overseas Shipholding Group CEO Morten Arntzen contends that flat VLCC capacity, higher tonne-mile routes and accelerated phase-outs bode for a very good year
USCG joins burning reefer battle SEAFARERS and fishermen aboard the reefer vessel Pacific Glacier have contained a below-decks fire this morning as the USCG Cutter Alex Haley has evacuated most of the crew
Long Beach urges Los Angeles to drop employee truck driver mandate Split widens between LA and Long Beach over plan to reduce pollution from harbor trucks at busiest box hub.
S. Calif. shippers facing another container fee
ExxonMobil urges Supreme Court to limit Valdez award
Court nixes California low-sulfur fuel rules
WTSA sets fuel fee hike
Costa Rica granted delay for CAFTA qualification
Steel imports up 33%
Long Beach wants LA to drop employee-driver mandate
Owner's profit tanks New York-based General Maritime sees quarterly profits sink 77% as a result of interest and 'other' expenses.
Moody's cuts box hauler Puerto Rico container barge specialist Trailer Bridge gets outlook cut to negative on international economic worries.
Eagle talons grab profits New York bulker owner sees profits nearly quadruple in the fourth quarter as a growing fleet pays off.
Golar LNG downgraded Two analysts cut the rating for the US-listed LNG carrier owner, as Jefferies adopts a cautious sector outlook.
Court eyes damages cut Supreme Court hears arguments on the Exxon Valdez case, with some justices signalling that ExxonMobil's $2.5bn punitive damages bill might be too high.
MCA strikes go ahead Coastguard and surveyors vote to take unprecedented action in escalating pay dispute.
Ranger deal worth $4m Crowley Maritime confirms it was tapped to provide onboard "ocean rangers" to monitor cruiseship discharges in Alaska.
Fresh twist for Piraeus strikes Port authority to fight dockers in court after unions extended industrial action into a third month.
OSG upgraded Bear Stearns analyst lifts OSG rating after the US tanker owner's earnings beat expectations.
OSG America posts $3.6m OSG offshoot's six weeks in operation in the fourth quarter lead to $3.6m in profits.
Shipbuilding losing its Zhang Dalian vice-president says yards are bracing themselves for the end of the newbuilding boom.
Attica to swallow Blue Star Greek ferry owner to absorb separately listed subsidiary, but no share exchange ratio yet decided.
Jinhui: 'further orders on ice' Big-spending owner will not add to its bulging orderbook unless exceptional opportunity arises, vice-president says.
Gloom for Global Malaysian tanker owner hit by lower rates as profits and revenues droop in 2007.
Ship sale not enough for Jutha Thai multipurpose owner sees 2007 profit slip despite gains from asset disposals.
Tax whacks Farstad Norwegian offshore owner feels punch of new taxation regime as annual profit gets floored.
Bulkers booming for Jinhui Big spending owner sees full year profits jump 73% as charter rates send turn-over into orbit.
Solstad suffers tax turmoil Norwegian offshore ship player's 2007 profit clobbered by changes to tax regime.
Eidsiva blown off course Rudder lost in Japanese typhoon and engine failure ratchet up operating costs at Norwegian ro-ro and car-carrier owner.
GEM orders aframax double Samsung to build two high-spec tankers for Dubai owner to capitalise on Middle East trade to the west.
GE bucks the trend New tonnage sold by Indian owner which has been cashing in on older ships for the past year.
Tax, costs eye-openers at REM Fourth-quarter loss for Norwegian offshore owner but annual profit and revenues wide awake.
Rieber digs deep Oslo-listed owner snaps up subsea operator Scan Mudring while posting bigger 2007 profit.
Strategic adds three more Australian yard wins repeat order for offshore service ships from Indonesia's Baruna Raya.
Numbers up at Austal Interim profits jump over 50% at Aussie fast ferry specialist, but cancelled US deal may hurt in 2008.
Costly half-year for PDZ Operating expenses push down interim profit at Malaysian boxship owner.
Profits halve at Halim Malaysian boxship and tanker operator hit by drydockings, costs and currencies in fourth quarter.
Good start for Aker Philadelphia US shipyard increases 2007 profit following split from shipowning arm Aker American Shipping.
Lamnalco persists with bid Towage and marine terminal services outfit will continue to pursue merger, despite Smit saying no.
Narrow squeak for Petrojarl Teekay's Oslo-listed FPSO owner scrapes into profit for 2007, but costs still hurting.
MISC plans PTP stake Malaysian liner operator plans to invest in domestic container terminal Port of Tanjung Pelepas.
2007 a strong year for Transatlantic A record high operating result of SEK 281 million (EUR 30.1 million) is highlighted when the Swedish and Skärhamn-based shipowning/ship operating company Transatlantic closes its books for 2007. All divisions show positive results, led by offshore with ...
Wani Will salvaged on Bornholm The Norwegian owned coaster Wani Will has been salvaged from the stranding position outside the port of R'nne on Bornholm. The operation went smoothly after some 17 tons of marine diesel oil were pumped ashore and with the help from ...
King of Scandinavia out of service after accident DFDS's passenger vessel King of Scandinavia will be out of service the rest of this week after an accident last Friday in Newcastle. During the storm last weekend, the King of Scandinavia was blown from its berth in Newcastle. The ...
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