Mitsui, K-Line cut full-year profit forecasts Mitsui OSK Lines Ltd, operator of Japan's largest fleet of iron-ore ships and Kawasaki Kisen Kaisha Ltd, Japan's third- largest shipping line, cut their fiscal full-year profit forecasts as shipping rates drop.
Bulk rates fall for fifth week as demand drops The Baltic Dry Index, a measure of shipping costs for commodities, fell for a fifth week in London, the longest losing streak since January, on slumping demand for deliveries of iron ore, coal and steel.
Private security firms join Somali piracy fight Blackwater Worldwide and other private security firms - some with a reputation for being quick on the trigger in Iraq - are joining the battle against pirates plaguing one of the world's most important shipping lanes off the coast of Somalia.
Taiwan Maritime calls rumour on its finances 'malicious'
Bankrupt Lindenau secures $34m funding HSH Nordbank approves loan for construction of double-hull tanker despite initially saying no.
Lindenau yard falls prey to credit crisis
CSCL slides into the red CHINA Shipping Container Lines sank into the red in the third quarter and industry analysts remained gloomy about the firm's future prospects.
Brussels deaf to box lines consortia rules protests EC stands firm against pressure from container lines to grant a formal green light to alliances that have a large market share.
Royal Caribbean cuts fuel surcharge ROYAL Caribbean has halted its fuel surcharges, following the lead of fellow cruise line Carnival
NGV wins Nigeria oil tender MALAYSIAN-based shipbuilder NGV Tech has won a contract to build 34 double hull platform supply vessels for Slok Shipping of Nigeria
Vale CEO warns on China BRAZILIAN iron ore giant Vale confirmed a significant slowdown in Chinese demand, underlining current weakness on the key Brazil-China drybulk route
US Shipping renegotiates credit JONES Act operator US Shipping Partners has renegotiated its credit terms to stave off covenant defaults, while also bidding goodbye to former chairman Paul Gridley
Pemex waffling on ship charters CASH-strapped Pemex, Mexico's national oil monopoly, is waffling on a proposed bareboat charter that intermodal giant Grupo TMM had counted on as part of its recovery strategy
Liberty losing patience LIBERTY Shipping has issued a stern letter to the board of NYSE-listed International Shipholding expressing impatience with sluggish deliberations on Liberty's purchase offer
MOL and "K" Line see weaker outlook Two of three Japanese box shipping lines revise forecasts downward despite increased profits and revenue in latest quarter.
$1B expansion for Gulfport
Obama backs funding for transportation infrastructure
Sell hurts Horizon US containership owner's shares plunge after Goldman Sachs downgrade, as shipping stocks fall amidst lower US stock markets.
TMM bids 'null' Petroleos Mexicanos strikes down products tanker charter effort for a second time.
War bonus deals UK owners set to follow Danes, Norwegians and Dutch in agreeing danger money for crews off Horn of Africa.
Seafarers' prayers Web TV brings a glimpse of a worship service held to observe World Maritime Day.
$30m for Peter G General Maritime boss set to earn a multimillion-dollar payday as he steps aside amid Arlington Tankers merger.
USCG gets smiles Coast Guard chief talks with TradeWinds Web TV about efforts to improve agency's attitude toward mariners.
Staying home Carnival Corp nixes a plan to reposition a Florida-based cruiseship in Europe and instead focuses on "close to home" voyages.
Vale's dry run Brazilian miner clearing out iron ore cargoes with a capesize market swoop, but are there any buyers?
Canal transits flat Panama Canal tanker and passengership transits increase while the US economy leads containerships to slip.
HSH's lifeline Insolvent German yard Lindenau wins EUR 28m line of credit from domestic bank to build tanker.
Gard in the red Top P&I club to seek 15% general increase premium as $49m half year loss takes a bite out of free reserve.
Record smashed Maersk Supply will make $1.41m from four days work after its AHTS Maersk Attender was fixed at NOK 2.5m per day ' shattering the record rate in the North Sea.
CSCL slumps Hong Kong and Shanghai-listed Chinese container line's losing streak continues with loss in third quarter.
Ulf in Paradise Ulf Ryder-led tanker owner Stena Bulk returns to dry-bulk market with 35% slice of Greece's Paradise Tankers.
'Dilatory tactics' Liberty Shipping boss Philip Shapiro lashes out at International Shipholding Corp for delays in takeover bid response.
Helping hands Korea's Hanwha Group in talks with European owners over funding of Daewoo Shipbuilding takeover.
Slice unveiled Insurer Alleghany Corp emerges with a 7.1% slice of the Houston-based offshore vessel owner Trico Marine Services.
Crew crisis stays Seafarer shortage will continue even if only a third of ships on order are delivered, warns Ole Stene.
Tidewater triumph New York-listed offshore owner sees second quarter profit rise 10% to squeeze past market expectations.
Boxship attacked Latest attack on Singapore-owned vessel carried out by Somali pirates but in Kenyan waters.
Surcharge binned Royal Caribbean ends fuel supplement on future bookings following drop in oil price.
Tanks a million Kenya will not cough up for the release of its tanks onboard the Faina, leaving pirates to ditch them as they please, spokesperson says.
Stocks battered Cosco, Pac Basin and NOL all clobbered as Asian shares suffer more pain Monday.
Sales buoy SCI Indian state-owned shipowner sees second-quarter profit leap over 50% as revenues surge.
Russian in Domestic interests could step in to revive Stella Lines' defunct service from St Petersburg to Helsinki.
K Line prospers Focus on cost reduction boosts Japanese giant's interim result, but it cuts annual forecast as rates start to fall.
Odfjell exceeds Dan Bernt Odfjell-led owner beats forecasts in the third quarter but has a bleak outlook as the economic storm clouds gather.
NYK boost Japan's biggest owner pushes up first-half profit thanks to record bulker markets, now a distant memory.
More for MOL Another Japanese big three company posts higher six-month profit but cuts annual forecast in worsening markets.
Ro-ro tragedy Three fishermen killed off Japan after small trawler involved in clash with much larger cargoship.
Going to Gaza A new non-profit passenger ferry service from Cyprus to the Palestinian territory is being planned.
Ship sinks, 1 dead Search on for missing crew member as master dies after ship sinks off Cape Verde Islands.
IHI looks up Japanese yard makes positive swing in second quarter and now expects profitable first half.
Blustery reception Shipping figures in a spin as UK wind farm plans whip up safety fears.
Stena Bulk takes control of Greek shipowner Göteborg-based Stena Bulk has acquired 35 per cent of Greek Paradise Tankers. The total share value is USD 250 million and Stena Bulk will have commercial control of three tankers and two bulkers. The 2004-2005-built 73,500-DWT tankers ...
Hurtigruten sells ferry and fast ferry operation Hurtigruten ASA sells its ferry and fast ferry operation to Torghatten Nord AS, a wholly owned subsidiary of Torghatten Trafikkselskap ASA. The agreement concerns 45 vessels and 606 employees. The employees will be offered to join the new company. Four ...
Christmas shopping in danger The British Chamber of Shipping warns British consumers they could face shortages of goods under the Christmas shopping if merchant ships start to go round the Cape of Good Hope instead of passing the Suez Canal due the piracy off ...
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