Baltic dry index falls to 22-year low The Baltic Exchange's chief sea freight index for dry commodities trade dived to a 22-year low on Wednesday, weighed down by a collapse in demand and trade credit issues, industry sources said.
Half of commodity shipping lines seen breaching loan terms Half of commodity shipping lines are likely to breach loan terms in the months ahead as rental rates and vessel prices fall, according to Nordea Bank AB, the world's largest arranger of loans to the industry.
British shipowner dies in Mumbai terrorist attacks ANDREAS Liveras was among those killed in last night's terrorist outrages in Mumbai at the Taj Palace hotel.
Greek court overturns Laptalo drugs sentence CROATIAN reefer master is found innocent of drugs trafficking offences and will walk free after spending 17 months in jail.
Itajai in race to reopen after floods ruin berths BRAZILIAN president Luiz Inacio Lula da Silva met port executives today to discuss the reconstruction of the port of Itajai.
Captain cleared in drug appeal CAPTAIN Kristo Laptalo has been sensationally cleared of cocaine smuggling on appeal in Greece, the International Transport Workers' Federation said today
Ship tie reported in India attacks INDIAN coastguards today reportedly boarded a ship suspected of involvement in last night's mass attacks in Mumbai
Kremlin-watching intensifies on oil RUSSIAN Deputy Prime Minister Igor Sechin is trying to revive oil trade profits by cutting export duties below the level favoured by other ministers
Genmar unit convicted in Texas GENERAL Maritime Management (Portugal) and two crewmen have been convicted by a federal jury in Texas of lying to the Coast Guard about oil records
Szczecin yard saved until December POLAND'S troubled Szczecin shipyard is to be given extra funding to keep production going until mid-December
Russia-Venezuela accords signed RUSSIA and Venezuela have signed co-operation accords that address shipping, oil and shipyards
Nordic not happy Danish tanker owner says it wants to up its sale and purchase activity after posting unsatisfactory nine month results.
Can FRO keep up? John Fredriksen's tanker company is on course for a bumper third quarter, but analysts say its VLCC earnings will fall short of its rivals.
Yacht chief killed Yachting entrepreneur, Andreas Liveras, murdered by Islamic terrorists as maritime conference is stormed during Mumbai attack.
Terror ship probe Indian navy board ship tied to Mumbai attacks as rumours circulate that a Greek shipowner has been shot.
Laptalo freed Reefership master jailed in Greece on drug-smuggling charges freed by appeal court.
NOK too bad Norway's Farstad Shipping scoops NOK 100m contract extension for two PSVs.
Eimskip cuts Credit crunch leads to lay-offs, salary drops and capacity reduction for Icelandic line as imports plunge.
Cargoship sinks One crewman dead and three missing after Mark Jason 1 battered by huge waves off northern Philippines.
Done deal San Francisco's Golden Gate Bridge ferry company snaps up two Washington state vessels for $4m.
Idle brace sold Martin Nordaas-led PetroProd offloads two sitting units to help clear its debt.
Petromin for sale Romanian government tries again with privatisation of domestic bulker owner.
BW sells one Jan Haakon Pettersen-led owner secures $10m profit following sale of ageing vessel.
Lasco on the up Rate recovery in third quarter lifts Latvian products tanker owner's year-to-date profit.
Not watching General cargoship collided with trawler off Scotland because watch officer more interested in correcting charts, report finds.
Low expectations Canadian owner BC Ferries expects profit to keep falling in near term as it ploughs cash into fleet renewal.
DFDS cuts back shore-based organisation The DFDS Group has started to cut back the staff at its offices ashore due to the financial situation. According to the Q3 report, its operating profit dropped 23 per cent to DKK 828 million for the first nine months ...
Record low for a capesize The Baltic Exchange average time charter rate has hit its al-time low since the beginning of reporting in 1999. Yesterday, the time charter rate was USD 2,773 per day, down USD 456 in one day. At the same time ...
Norway boosts guarantees to shipbuilding The Norwegian export credit agency GIEK has had its credit facility boosted by the government by NOK 50 billion added to its previous NOK 60 billion. NOK three billion will be used to finance newbuilding projects at Norwegian shipyards, giving ...
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