Mid-east VLCC surplus remains: survey A surplus of supertankers competing to deliver two million-barrel cargoes of Middle East crude was unchanged after a week in which oil companies hired more than half the ships that they will need for this month.
Vital US oil port exposed to hurricanes The booming oil hub called Port Fourchon, a nerve centre in the nation's oil supply chain, is turning into a sitting duck for hurricanes as the beach that protects it from the Gulf of Mexico washes away.
High shipping costs see rethink on UAE palm oil hub High costs to re-export the commodity have moved traders to rethink a strategy to develop the United Arab Emirates into a trading hub for Malaysian palm oil.
Lufthansa gets go-ahead for AUA takeover After weeks of negotiations, the European Union's antitrust chief, Neelie Kroes, said on 31 July that she will clear Lufthansa's bid for Austrian Airlines. She announced the news a...
Jubilee Airbus goes to Thai Airways The European aircraft manufacturer Airbus delivered its 1,000 th aircraft from the A330/A340 family. The latest A330-300 was handed to Thai Airways International, bringing Tha...
Gulf lightering 'up in arms' CUSTOMS & Border Protection in Texas has ruled that many shore passes for foreign lightering crew are now illegal
Zim to win $350M cash boost ZIM Integrated Shipping Services told Fairplay today it is to receive a $350M cash injection from parent company Israel Corp
Lightering crews in crossfire FOREIGN crew have been stranded aboard Gulf of Mexico lightering tankers and face US visa cancellations during crew changes, the West Gulf Maritime Association has warned
Great Eastern profits fall 55% GREAT Eastern Shipping has reported a 55% drop in operating profits for the first quarter ending 30 June, which was mostly caused by lower freight earnings on all segments
Hapag quickens cost-cutting pace HAPAG-Lloyd has ramped up its cost-cutting plan for this year from €400M ($571M) to €560M
Boxship freed Pirates release the German-controlled Hansa Stavanger after receiving ransom payment.
Bank gets three Tokyo Star Bank reaches deal to foreclose on an Eastwind Maritime bulker and two containerships.
Chilean scraps Car carrier owned by Chile's CCNI reportedly sent to Bangladeshi breakers for $3.75m.
Master charged Bulk carrier captain could be jailed over delay in abandoning grounded vessel.
Attack off Nigeria Two crew members injured as bandits open fire on Turkish bulker off Port Harcourt.
'Steady demand' Profits improve at dive-support and pipelay vessel owner Cal Dive International as offshore construction keeps fleet busy.
Strong start Indian tanker and bulker owner Mercator Lines pushes up profit in first quarter.
Relegation looms Rem Offshore could be ejected from the Oslo Stock Exchange onto the Oslo Axess due to double rule breach.
Bulker frenzy Some 113 bulkers traded in July as China continues to mop up second hand tonnage, Greek broker says.
Yard chases bank Sembcorp unit Jurong Shipyard is after Societe General for nearly $200m as rouge trading case resurfaces.
Volume dips Caribbean liner player Tropical Shipping sees operating income drop by 56% as the economy hurts volume.
Nasty for Neste Finnish tanker owner says rates for crude and products vessels will stay low throughout 2009.
Penalty denied Appeal court rules against a George Economou company bid to impose penal freight rate for late redelivery of panamax bulker.
Ransom paid Hansa Stavanger release nears as pirates receive $2.7m ransom payment, reports say.
Ocean of red Losses mount at Croatian bulker owner in first six months as revenues fall away.
No bulk bounce Cosco Corp's profit falls 70% in second quarter amid warning dry-cargo earnings will remain under pressure for the rest of 2009.
Russian row Gazprom and Scorpion Offshore in dispute over unpaid charter fees.
Fish farce India's port of Mormugao worried that security concerns over fishing boats will deter international cargoships.
Langeland found Norwegian ship which sank in storm off Sweden located, no sign of six lost crew.
Profit plunge Croatia's Tankerska Plovidba sees first-half earnings eroded as costs rise in tough markets.
PGS axing again Jon Erik Reinhardsen's Petroleum Geo-Services ready to kill off a second newbuilding at Factorias Vulcano after WesternGeco pulls charter.
Lau launch Fiji island buying $1m ferry from New Zealand to resume regular cargo and passenger service.
Crewman missing New Zealand authorities investigate as Burmese seafarer reported missing from Eastwind reefer.
Cash for Topaz Offshore owner nets post delivery loan for two vessels operating off Qatar.
SCI seeks ships Indian state owner ready to buy four or five bulkers to launch joint venture with Steel Authority of India.
Star tie-up Akis Tsirigakis-led bulker outfit agrees another COA with Vale as Star Alpha heads for the door.
Otto out Singapore shipbuilder scraps plan to found new yard in China due to lack of land.
Bangladesh boost Scrap prices still strong for tankers, while ex Hoegh Galleon LNG carrier sold into India.
Masindra 7 free Malaysian tug with 11 crew held since mid December released by Somali pirates.
Aban rises Indian offshore owner sees annual net profit balloon as sales and other income soar.
IHI on the up Japanese shipbuilder boosted by boilers in first quarter despite revenue fall.
Cape refloated Damage assessment due on Hong Kong bulker that grounded off South Africa.
Cash injection Zim parent Israel Corp says it is to inject funds of about $350m into troubled liner operator.
KG cash crisis Around 20 shipping funds have gone to the wall with hundreds more expected to seek extra capital.
Norwegian investigation of coaster sinking in Swedish water The Norwegian coaster Langeland that sank in heavy weather conditions on Friday in the Koster Fjord on the Swedish West Coast has been found on a depth of around 100
Four Grimaldi vessels to leave the Swedish flag Shipgaz has learnt that the Italian shipowner Grimaldi has decided to re-flag four ro-ro carriers from the Swedish flag to the Gibraltar flag during 2009. The vessels are
Concordia Maritime puts British flag on sole Swedish flagged tanker Concordia Maritime has re-flagged the 65,200 DWT Stena Primorsk, built 2006 and its only Swedish flagged tanker to British flag. 'The reason is that we have not been able
Tärntank moves to Denmark The Swedish tanker owner/operator Tärntank has moved its headquarters to Skagen, the reason being better terms for shipping activities in Denmark. 'It is regrettable, but we have to look
Odense delivers bulk carrier Odense Steel Shipyard has delivered the first of six capesize bulk carriers for the Greek owner Carras Hellas. It was the first dry bulk delivery from the Danish shipyard in
New orders to Sietas in Hamburg The German heavy lift operator Schiffsfahrtskontor Altes Land (SAL) has signed up with the Hamburg shipbuilder J. J. Sietas for another two heavy 12,500 DWT lift carriers. The vessels will
O.W. Bunker ventures into Sweden Launches physical operations in Swedish ports, says it 'will continue to focus on growth'.
Bunker tanker detained in Hong Kong Brightoil's bunker tanker held by local authorities over 'debt issues'.
Another joint service by Evergreen and COSCO Leading Chinese and Taiwanese liners in partnerships to cope with 'soaring' bunker prices.
$350 million infusion for Zim Parent company plans recovery program for the troubled shipping company.
August fuel oil cargo volumes inch up from July Asia to receive 3.3-3.4 million mt of fuel oil cargoes this month, similar inflows expected for September.
Upstream earnings cut Chevron net profit by 71% CEO says the major's US downstream business operated at a loss.
Boat spills diesel fuel into harbour Owner responsible for clean-up cost.
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