Baltic Exchange dry index rises to 3-month high The Baltic Exchange's leading shipping index, which tracks prices to ship key commodities, leapt last Friday to a new three-month high and brokers said this was largely due to China resuming iron ore imports.
KepFels completes 3rd proprietary DSS Series rig KEPPEL Offshore and Marine unit Keppel Fels has put another of its proprietary ultradeep water semisubmersible drilling rigs on the market.
NY ruling rattles attorneys A New York judge has issued a ruling that could radically reduce the effectiveness of 'Rule B' maritime attachments if fellow judges follow suit
California relents on discharges SHIPPING scored a major victory today after California agreed to drop state add-on rules to new US incidental discharge regulations
STW: Manning, piracy, criminalisation THIS week's 41st session of the IMO's STW Sub-Committee concluded today with manning, piracy and seafarer criminalisation high on its agenda
Precious posts profits, and warning PRECIOUS Shipping's has delivered a grim warning to the maritime sector, even while reporting net profits before tax of $35M for last year's fourth quarter
115 migrants safe on Malta MIGRANTS crammed aboard a disabled 40ft fishing boat were safe today in Malta after a rescue of 115 people in foul winter weather
Beijing to consolidate coal sector BEIJING has decided that coal mine consolidation is good for business
DryShips slashes sale price EMBATTLED DryShips will sell its Panamax bulker Toro at a 40% discount after the original deal fell through
Port of Seattle orders two-week unpaid furloughs to help close budget shortfall Port directs 850 non-union staff to take two weeks of unpaid leave as part of a plan to close $9 million budget deficit
Jasper tabs port board chief
Hapag-Lloyd sale approved
CPSIA deadline upheld
Hapag-Lloyd to maintain Med-Canada service
Zim seeking to cancel orders for new container ships
Hamburg box traffic off
Customs Update: Beyond cargo security
BA cargo revenue up
Deck officers still in short supply, new report finds
Green shoots: or a false dawn? At the risk of sounding positive - a word seldom used post-Lehman Bros, and almost erased from the media's dictionary since September 2008 - it appears that there are a few reasons for optimism emerging from recent news reports that could almost be called...the first sighting of the infamous 'green shoots'.
CI's 2009 Yearbook: available now
Brisbane's new berth commissioned
LA port 'cancels' controversial Chinese scanner
Hapag-Lloyd continues Med-Canada services despite Senator demise
Bigger boost Pacific Prosperity now said to have fetched closer to $40m from Greece's Fairsky.
Samsun stung Operator Samsun Logix under fire for returning handysize vessel back nine weeks ahead of time.
S&P cuts CSAV Chilean liner operator suffers credit rating downgrade after "significant deterioration" of company finances.
Ship to be freed Egyptian-owned Blue Star is reportedly set to be released after ransom is paid.
Israel seizes ship Navy boards Lebanese-controlled general cargoship carrying aid to Gaza.
Star's cape clash Arbitration underway as charterer hands capesize back early to Akis Tsirigakis-led Star Bulk Carriers.
Dry estimates cut Jefferies analyst reduces earnings estimates for US- and UK-listed bulker owners but stays positive about sector's future.
Bank blocks divi Marfin waives covenants on loan to Seanergy Maritime forcing it to suspend shareholder payouts.
Price dropped DryShips slashes tag on troublesome panamax to push through sale of the vessel.
Tanker triumph VLCC player Knightsbridge pushes up annual profit, but two capesize bulker newbuildings give it minor headache.
It's quotes time Market headaches have Odfjell looking for a duvet day and PDVSA is not making many comrades at the moment.
Limarko laughing Lithuanian reefer player expecting "robust" performance in 2009, eyes fleet upgrade.
Bulker price boost Nobu Su's TMT picks up capesize as second hand ship prices follow jump in BDI.
Sea Hawk setback Odd Brevik-led Deep Sea Supply hit by six month delay to AHTS newbuilding on order in Singapore.
Too close Another near miss off Los Angeles as trawler fails to respond to approaching reefer.
Ofer's axe ready Zim in talks to chop back 27 vessel newbuilding programme as it prepares to sit down with banks to discuss future of loans worth $1.40bn.
China still hungry Fortescue Metals eyes continued Chinese appetite for iron ore with 'recovery already on the horizon'.
Wallsend exits Australian investment fund offloads 10.4% stake in Korea's Hanjin Shipping.
Kaohsiung dips Taiwanese port slips out of world's top 10 as container volumes fell in 2008.
Atlantska cancels Croatian owner scraps order for two out of four panamaxes at Jiangsu Eastern and converts STX capesize deal into two products tankers.
Port play China Merchants increases holding in ports operator Shenzhen Chiwan at cost of HKD 183.95m.
Todd's profit cut Seattle-based shipyard sees third quarter bottom line sliced by fall in shiprepair activity.
Saline burns Dutch general cargo vessel Saline suffers engine room blaze off UK but wily salties eye solution.
MES falling Japanese yard's nine-month profit takes a pounding, but fourth quarter looking more positive.
Manta sting Hutchison Port Holdings feels sore about "unacceptable" concession terms at Ecuadorian port.
Sanoyas stronger Japanese shipyard well ahead of last year's profit in first nine months, but will not beat 2007's annual result.
Hanjin slammed Calls for temporary closure of South Korean shipbuilder's Subic yard after spate of fatalities.
Auckland softens New Zealand's largest container port is beginning to see the first signs of the global slowdown.
Turkey joins fight Ankara is latest capital to offer to contribute naval forces to anti-piracy patrols off Somalia.
Kyoei KO'd Japanese tanker operator sees huge fall in nine month net profits despite strong tanker market.
Danish tug sold to Canada Stevns Multiships II has sold its tug Stevns Iceflower to Canada for take-over as soon as the tug arrives after the Atlantic crossing. The tug was one of two
Stricken tanker arrives at Gdynia for repair The tanker Orasila, which ran aground south off Greenland at the end of January, has arrived at Shipyard Nauta, Gdynia, for repairs. After the loss of twocrew members, the tanker
German government to save yards The Russian controlled Wadan yards in Wismar and Rostock-Warnem'nde have been saved by two German banks and a loan of EUR 180 million. The German government assume 90 per
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