Traders book VLCCs to store diesel Trading companies have booked brand new Very Large Crude Carriers (VLCCs) in a rare move to store diesel off Singapore waters or North- west Europe from this month, taking advantage of a contango market amid a demand slump.
Questions asked over 'erratic' Baltic index CAPESIZE rate spike raises doubts over accuracy of broker assessments.
Derivatives crash hits capesize spot rates
MP urges huge fines for emissions scheme cheats TIM Yeo says shipowners who cheat on any future cap and trade requirements to tackle emissions should face huge fines.
UK Transport Secretary Geoff Hoon quits THE political bloodbath in the UK claimed yet another cabinet minister's scalp today as Secretary of Transport Geoff Hoon quit.
Wadan yards file for bankrupcy SHIPYARDS in Wismar and Rostock in Germany today filed for bankruptcy protection after talks failed to secure fresh funding from their majority shareholder FLC West
Rio's Chinalco deal collapses RIO TINTO launched a $15.2Bn worldwide rights issue today to raise capital after confirming that it has walked away from a proposed $19.5Bn investment from China's government-owned Chinalco
ThyssenKrupp to slash jobs GERMANY'S shipbuilding group ThyssenKrupp Marine Systems plans to axe 450 jobs in Kiel and Emden
Spanish call general strike METAL industry and yard unions in Galicia in northwest Spain today called an open-ended general strike for 12 June, reflecting increasingly violent relations between yard managers and workers
Role seen for armed guards THERE are times when armed guards on ships are the preferred response to piracy, according to BIMCO and International Chamber of Shipping representatives
Malaysian exports dive MALAYSIAN exports fell 26.3% to 41.12Bn ringgits ($11.8Bn) ' a larger-than-expected margin ' in April, IHS Global Insight reported today
Continued growth for Viking Line During May 2009 the passenger volumes of Viking Line grew by 15 per cent on its services to Sweden. Particularly strong growth was recorded on the Kapellskär'Mariehamn route, where
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