Salvage firm Smits a takeover target Smit Internationale, the biggest marine salvage company, may be heading for a takeover two months after rejecting a US$300 million bid for its oil tanker towing unit.
Record profits for Japan's big three JAPAN'S big three carriers buoyed by surging rates and cargo but warns rising costs could dampen prospects this year.
MOL boosts box service
Pacific Basin predicts dry bulk boom will continue COMPANY forecasts another robust year after increasing its handysize fleet average charter rates.
Puerto Rico lines face class-action suit The lawsuit alleges that the four carriers conspired to raise overall prices and to impose fuel surcharges in violation of antitrust laws.
Senate panel approves Marpol Annex VI ratification
MSC Napoli: a catalyst for change? The UK's Marine Accident Investigation Branch (MAIB) published its eagerly awaited report this week on the structural failure of the MSC Napoli, in the English Channel on January 18, 2007.
Hanjin, K Line and Yang Ming participate in South America trade boost
Globus takes Florentina AIM-listed bulker owner emerges as the buyer of a Bocimar panamax, brokers say.
Navy confirms firing shots A US Navy officer says fires were shot from a chartered-in ro-ro, but it is not known whether the vessels were Iranian.
Shots fired off Iran A Military Sealift Command- chartered ro-ro is reported to have fired warning shots on two boats
Endurance sells A 30-year-old bulker lives up to its name, as Enrico Bogazzi picks up another oldie for $17.7m.
DryShips grows Ocean Rig slice George Economou's US-listed bulker owner continues to gobble up shares of the Norwegian ultra-deepwater player.
Euro vision TradeWinds TV catches up with a lobbyist pressing shipping's case in Brussels.
Flat Horizon Fuel costs and dwindling volumes lead to 70% first-quarter slump at US owner Horizon Lines.
House defies Bush Lawmakers approve the Coast Guard appropriations bill despite the president's veto threat.
Slow steaming Dispute over main engine failure that led to CTL set to limp into court 12 years after incident
GATX marine profits grow With American Steamship ships in winter lay-up, first quarter results are up for other shipping efforts.
Strait talking? Tanker players say goodbye to Istanbul but will all the talking lead to any action?
Limarko up by 11% Lithuanian reefer owner posts better first-quarter earnings on higher revenue.
Eitzen ship was holed in clash Repairs begin as details of damage to Sibulk Innovation emerge in Singapore.
Torm confirms Marlene sale Danish owner to bank $40m from 2007-built panamax bulker.
Meltdown at Superior US offshore player halts operations and lays-off all staff against background of class actions against bosses, who have also walked out.
Neste on the slide Finnish tanker owner sees first quarter profit dip as rates come under pressure in Baltic.
Dua's newbuilding debut Dubai-based owner Ishhar Overseas has ordered its first newbuildings ' four bulkers in China.
Dinner on Fredriksen Delegates enjoy Norwegian seafood and classical music courtesy of Golden Ocean and DnB NOR.
NYK falls short Annual net income surges on year-ago figure but drops short of expectations.
Tallink sheds Superfast Canada's Marine Atlantic charters costly ferry from Estonian owner as it seeks to cut fuel bill.
K Line builds profit Another "big three" owner feels bunker-price pain, but annual result comfortably up on previous year.
Aker eyes Primorsk yard Norwegian shipbuilder reportedly in talks over partnership to build plant near Russian oil port.
Bottiglieri's bulkers Italian talks about his move into capesize ownership and his concern over China's yard expansion.
MOL posts huge profit rise Japanese giant's annual figure well ahead of previous year, but higher fuel costs "compressed" earnings.
Opportunities and pitfalls China's rapid shipyard expansion creates both potential and problems says RINA boss Ugo Salerno
Big list for Pemex charter Mexican oil company's five-ship tanker supply deal attracts 27 potential bidders.
Bulker overhang BRS' Jean-Bernard Raoust talks about the large orderbook and one benefit of the credit crunch.
StatoilHydro in anchor-handling deal StatoilHydro has signed charter contracts for three anchor-handling vessels, with a total value of NOK 1.6 billion. The largest contract is a five-year deal with DOF for a newly built Skandi TBN AH 04 CD, the vessel ...
Danish owners seeks advise on piracy Danish Shipowners Association seeks advice from one of the leading experts on hi-jacking and piracy. Last week the DSA had a meeting with Suzanne Williams, which is anti-piracy adviser for insurance broker Willis of London and has a ...
Weapons-carrying ship confirmed in Angola Chinese-registered vessel will not be able to unload cargo, with German bank seeking its repossession.
Bominflot expands into New York Supplier now offering wide range of bunkering options down the US East Coast.
Revised Annex VI 'not enough' for California Doubts that US accession to MARPOL Annex VI would stop California from pursuing its own sulphur reduction regulations.
Bunker market report from Praxis
Tighter regulation for bunker market 'inevitable' Marine industry faces 'unprecedented regulatory demands.'
Rotterdam MDO still tight
Low sulphur fuel still posing problems Chemoil urges maritime industry to move towards zero emissions.
New bunker tanker for off-shore West Africa Addax Bunkering Services ready to deploy first vessel in major fleet renewal programme.
Bunker surcharges help lift NYK profits Shipping company posts record profits despite rising fuel costs and weak dollar.
Vladivostok to expand bunker storage The port plans to increase storage turnaround to 1-1.5 million mt.
Supplier demands Ceypetco explanation Sri Lanka-based supplier may take legal action over failure to be selected as partner.
MPA: Operations unaffected by collision Bulk carrier had collided with tanker early Thursday after bunkering.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
