International port trade seen to dip 10% Trade at international ports is on track to drop by more than 10 per cent this year, one of the steepest declines ever, according to a new maritime industry report.
Barclays books supertanker to store gas oil Barclays Bank plc has booked a supertanker to store gas oil, becoming the second investment bank to cash in on a potentially lucrative multi-million dollar oil trading play, industry sources said yesterday.
Shipping insurance up 10-fold due to piracy: paper Piracy at sea off the horn of Africa has caused a 10-fold increase in insurance premiums for shipping companies, business daily Borsen said yesterday citing a Norwegian ship insurer.
Pirates seize Turkish ship off Somalia
Panama Canal to name best bid for US$3.4b lock-building project
Pirates seize Turkish bulker PIRATES today hijacked a Turkish bulk carrier with 23 crew in the Gulf of Aden, the owner said
Korean owners plan fleet sale A GOVERNMENT-linked financial institution has formed a sale and lease-back scheme for Korean shipping companies facing a financial crunch
'Hole-in-one' German oil strike GERMANY'S Wintershall has had a significant oil and gas strike on the Norwegian continental shelf, according to an IHS Global Insight report today
China said to cut iron price THE CHINESE Iron & Steel Association has reportedly signed a deal with iron ore suppliers calling for a one-third price cut
Aker inks key Brazil contract NORWAY'S Aker Solutions told Fairplay today it has signed a landmark contract with Maersk FPSOs for mooring installation offshore work in Brazil
1 dead, several hurt in Tuzla blast ONE WORKER was reported killed today and several have been injured following an explosion in Turkey's Tuzla yard zone near Istanbul
Croatia buyers must cough up INVESTORS taking over four Croatian yards were reportedly told today they must spend at least €10M ($13M) each on upgrades
DryShips lifted Credit Suisse upgrades bulker and drilling unit owner's stock, the biggest gainer on US markets Wednesday.
'Cesser' rejected P&I clubs suffer blow in effort to terminate cover for bankrupt Eastwind's ships as a trustee sells off and abandons ships to lenders.
Lending's new low It's official: syndicated shipping loans have never been scarcer according to new figures from monitor Dealogic.
Petrobras probed Petrobras is facing a senate investigation into allegations of tax evasion and rig procurement fraud.
Santos wins lease Terminal operator Santos-Brasil wins for 165,000-square-metre car export terminal in Sao Paolo state.
5 after Brazil deal Petrobras tender for eight FPSO hulls draws in a handful of consortia, with participation from Keppel, SBM Offshore and others.
Tuzla blast Explosion rocks shipyard near Istanbul, with one worker confirmed dead and several feared injured.
Evergreen cuts Taiwanese containership owner now to axe 31 units from fleet with scrapping to continue.
Turkish ship taken Bad weather not enough to stop Somali pirates seizing Turkish bulk carrier in Gulf of Aden.
Aussie advance Dubai's DP World signs third port deal in Australia this year with contract for Port Botany.
CBSC wins duo Taiwanese yard group to build two 40,000-dwt tankers for domestic oil refiner and charterer CPC.
Oslo SGX tie-up Agreement seeks to promote the secondary listing of companies on each other's exchanges.
Toddler rescued One-year-old airlifted to Alaskan hospital after fall on Royal Caribbean cruiseship.
Bharati better Indian shipyard builds annual profit as revenues rise more quickly than costs.
Swan gets charter UK cruise company Swan Hellenic signs Minerva up to "significant whole ship charter".
Ro-ro grounds Three tugs eventually manage to pull Rederi Transatlantic ship free off Germany after it suffered rudder failure.
Sickness spreads German operator axes UK cruise as hundreds more show norovirus symptoms on Marco Polo.
China inches up Official figures show a 5% increase in cargo throughput on the back of commodity imports.
Offer upped India's Bharati Shipyard goes well above rival ABG's price in bid to take control of Great Offshore.
Norwegian buy UK LNG carrier systems maker Hamworthy expands into oil sector with purchase of Aibel AS's technology division.
Ficaria fire DFDS ro-ro reportedly suffers minor damage after blaze at German shipyard.
Fullers buys New Zealand owner takes over Coromandel to Auckland ferry service from 360 Discovery.
EOC results flat Singapore offshore outfit sees profits little changed from a year ago as revenues decline by 15%.
St. Petersburg fuel oil exports rise Transshipment up by 5% in the first half of 2009.
Bunker prices down mid-week Tight avails in Rotterdam and Hamburg.
Crude continues losing streak Analyst predicts oil could fall to $50, US inventory data contributes to bearish trend.
Bid to end container trade 'panic' Liner alliance announces 'voluntary guideline' rate increases, bunker surcharges to rise.
Bunker fuel prices soften Key bunkering ports see prices but Tokyo Bay facing very tight supplies.
Chimbusco extends reach Bonded bunkers now available at Yangshan port near Shanghai.
Repsol mulls offers for YPF China's CNPC reportedly offered up to $14.5 billion for a 75% stake in the company.
Iranian supplier expanding services in Persian Gulf To start in Asaluyeh port 'very soon' while operations in two other Gulf ports will commence next week.
Lanka IOC charters bunker tanker from Prime Tankers 1,800 mt bunker tanker to operate in Colombo.
Drewry says more container liners to collapse this year Container liners forecast to suffer collective losses of $20 billion in 2009.
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