New Delhi stays course on controversial shipping lane India's government is sticking to plans to bore a major new shipping lane, officials said yesterday, despite objections by Hindu groups which say it would destroy a rock and sand ridge built by a god.
ReCAAP's info centre 'achieves its objectives' THE Information Sharing Centre set up by the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) is celebrating its first year of work.
Stolt-Nielsen Q4 profit rises 7% Norwegian shipping group Stolt-Nielsen has reported a smaller-than-forecast 7 per cent rise in fourth-quarter operating profit. Operating profit rose to US$47 million for the quarter ended Nov 30, 2007 from US$44.1 million a year earlier. The result missed an average expectation of a rise to US$54 million, and was at the lower end of estimates of US$41 million to US$66 million.
Norwegian owner is first to use Newbuildcon SHIPOWNER inks deal with Chinese yard using BIMCO's newly-launched global shipbuilding contract.
BIMCO puts newbuild contract on public view
IHIMU latest yard in steel price standoff JAPANESE shipbuilder halts sales activities in stand against excessive steel plate prices.
California emissions rule overturned US Court decides state regulators must obtain approval before enforcing laws for ships to burn cleaner fuel.
Asia answers the credit crunch THE growth of alternative ship financing means the credit crunch need not spell the end of the current global fleet expansion.
Crisis? What crisis? THE threat of a US recession and a European economic slowdown has certainly provoked a welter of threats to be peddled by the doom-mongers.
UK coastguards to strike next week The first strike in the history of the UK coastguard will be held on 6 March for 24 hours
Euro cruise shipyards must improve SHIPBUILDERS that specialise on cruise vessels in Europe have a strong position on which to capitalise also in the future, but they must pay more attention to quality, a senior cruise industry executive says
Hurtigruten losses mount ONE-off expenses and a seasonal slow down hurt the performance of Hurtigruten, the Norwegian passenger shipping and transport group
Teekay follows downward trend TEEKAY Corporation, like other tanker listings, has reported lower profits for last year, with only its LNG segment upping cash flow
Overseas goes offshore OVERSEAS Shipholding Group is expanding into yet another sector with a new contract for Floating Storage and Offloading (FSO) services
California pulls up low SOx IN A rare victory for the maritime industry in California, a court has thrown out regulations forcing ships to switch to low sulphur fuel within 24 miles of the coast
Shippers moving containers through California ports facing another fee State senator restarts proposal for $30-per-TEU fee for boxes moving through Long Beach, LA, and Oakland.
SuperSpeed I delivered On Wednesday 27 February Aker Yards Rauma shipyard delivered the fast car- and passanger ferry SuperSpeed I to Color Line. The ferry left Rauma on the following day and is expected to arrive at Kristiansand on 1 March. After a ...
Shipyard death toll triggers yard closures in Turkey Turkish authorities have ordered three shipyards in Tuzla to partially close there sites due to fatal accidents and deficiences work safety. The Turkish parliament has also established a commission to investigate the close to 40 deaths at the shipyards in ...
Tax liability knocks Solstad and Farstad results Solstad Offshore and Farstad Shipping ' two of Norway's principal owners/operators of offshore support vessels ' have a combined shipping tax liability of NOK 1,243.64 million, mainly thanks to the retroactive shipping tax introduced from 1 January 2008. Payments can ...
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