Singapore firms in box seat in OSV market SINGAPORE companies in the offshore supply vessel (OSV) market will be hit by the economic downturn but are in the box seat as far as market action is concerned.
Address root cause of piracy: WSC chief WORLD Shipping Council (WSC) president and CEO Christopher Koch has told a US Congress committee that pirate attacks on commercial ships in the Gulf of Aden are a serious threat that can only be answered by a coordinated and sustained effort by various international bodies and the maritime industry.
DryShips gets respite with fresh refinancing deal DryShips Inc, a transporter of raw commodities such as iron ore and coal, negotiated a covenant waiver on an US$800 million loan with Nordea Bank AB, its second refinancing in a week to restructure payment of debt.
SPUR helps shipping industry step up training
Freight rate surge has bearish underpinnings
Modest growth seen for handysize fleet
Rotterdam port, environment group agree pollution target
Strait Talk
Going electronic has a price LAST November, the International Maritime Organization (IMO) took the decisive step towards making the use of electronic charts mandatory on commercial vessels.
Motoring
China beats US in vehicle sales for first time China vehicle sales topped the US's for the first time last month, as economic growth, price cuts and government support tempered declines in demand caused by rising job losses.
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Shipping Times
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Singapore firms in box seat in OSV market SINGAPORE companies in the offshore supply vessel (OSV) market will be hit by the economic downturn but are in the box seat as far as market action is concerned.
Address root cause of piracy: WSC chief WORLD Shipping Council (WSC) president and CEO Christopher Koch has told a US Congress committee that pirate attacks on commercial ships in the Gulf of Aden are a serious threat that can only be answered by a coordinated and sustained effort by various international bodies and the maritime industry.
DryShips gets respite with fresh refinancing deal DryShips Inc, a transporter of raw commodities such as iron ore and coal, negotiated a covenant waiver on an US$800 million loan with Nordea Bank AB, its second refinancing in a week to restructure payment of debt.
SPUR helps shipping industry step up training
Freight rate surge has bearish underpinnings
Modest growth seen for handysize fleet
Rotterdam port, environment group agree pollution target
Strait Talk
Going electronic has a price LAST November, the International Maritime Organization (IMO) took the decisive step towards making the use of electronic charts mandatory on commercial vessels.
Motoring
China beats US in vehicle sales for first time China vehicle sales topped the US's for the first time last month, as economic growth, price cuts and government support tempered declines in demand caused by rising job losses.
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Shipping Times
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Singapore firms in box seat in OSV market SINGAPORE companies in the offshore supply vessel (OSV) market will be hit by the economic downturn but are in the box seat as far as market action is concerned.
Address root cause of piracy: WSC chief WORLD Shipping Council (WSC) president and CEO Christopher Koch has told a US Congress committee that pirate attacks on commercial ships in the Gulf of Aden are a serious threat that can only be answered by a coordinated and sustained effort by various international bodies and the maritime industry.
DryShips gets respite with fresh refinancing deal DryShips Inc, a transporter of raw commodities such as iron ore and coal, negotiated a covenant waiver on an US$800 million loan with Nordea Bank AB, its second refinancing in a week to restructure payment of debt.
SPUR helps shipping industry step up training
Freight rate surge has bearish underpinnings
Modest growth seen for handysize fleet
Rotterdam port, environment group agree pollution target
Strait Talk
Going electronic has a price LAST November, the International Maritime Organization (IMO) took the decisive step towards making the use of electronic charts mandatory on commercial vessels.
Motoring
China beats US in vehicle sales for first time China vehicle sales topped the US's for the first time last month, as economic growth, price cuts and government support tempered declines in demand caused by rising job losses.
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Shipping Times
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Singapore firms in box seat in OSV market SINGAPORE companies in the offshore supply vessel (OSV) market will be hit by the economic downturn but are in the box seat as far as market action is concerned.
Address root cause of piracy: WSC chief WORLD Shipping Council (WSC) president and CEO Christopher Koch has told a US Congress committee that pirate attacks on commercial ships in the Gulf of Aden are a serious threat that can only be answered by a coordinated and sustained effort by various international bodies and the maritime industry.
DryShips gets respite with fresh refinancing deal DryShips Inc, a transporter of raw commodities such as iron ore and coal, negotiated a covenant waiver on an US$800 million loan with Nordea Bank AB, its second refinancing in a week to restructure payment of debt.
SPUR helps shipping industry step up training
Freight rate surge has bearish underpinnings
Modest growth seen for handysize fleet
Rotterdam port, environment group agree pollution target
Strait Talk
Going electronic has a price LAST November, the International Maritime Organization (IMO) took the decisive step towards making the use of electronic charts mandatory on commercial vessels.
Motoring
China beats US in vehicle sales for first time China vehicle sales topped the US's for the first time last month, as economic growth, price cuts and government support tempered declines in demand caused by rising job losses.
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Shipping Times
Global car industry in catastrophe, says Peugeot chief The car industry is caught up in a catastrophe that has spread across the globe as even the key emerging markets that manufacturers had banked on for growth have now ground to a halt, a top executive said yesterday.
Lutz, who overhauled GM lineup, to retire at year-end Bob Lutz, America's ultimate car guy and the Swiss-born man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp's vehicle lineup, has decided to retire from the business at the end of the year.
Box lines hope for breakthrough on consortia rules CONTAINER lines are hoping the European Commission will be able to deliver some good news, amidst almost unrelenting gloom across the industry.
Economic downturn will 'jeopardise ship safety' as owners slash costs THE economic downturn will lead to an increase in ship incidents and pollution, the new chairman of the European Maritime Safety Agency has predicted.
Tanker, box ship collide off Dubai A BOX SHIP and a chemical tanker today collided off Dubai's Jebel Ali port causing a fire to break out, port operator DP World told Fairplay
NOL posts dismal 4Q results CONTAINER operator Neptune Orient Lines has flashed a red alert on losses ahead after squeezing a net profit of $83M for the year 2008
Global trade in reverse THE "WORST global recession in six decades" will spur to the first drop in world trade since 1982, according to IHS Global Insight economist Sara Johnson
Idle ships 'used to store boxes' BOX COMPANIES are using idle vessels to store empty containers, a report from internet-based resource AXS Alphaliner has revealed
GSL in debt covenant talks LONDON-based ship owner Global Ship Lease is renegotiating the covenants of its $800M debt facility and has agreed to increase the margins payable for it
Pressure mounts on Subic safety THE PHILIPPINES government is being pressured to come up with a solution to the serious safety issues at Hanjin shipbuilding facility or risk a shut down
Six missing in Cebu collision SIX PEOPLE are missing following a collision between a fishing vessel and a cargo ship off the Filipino island of Bantayan in Cebu province
US stocks dive All but a handful of shipping and offshore stocks slide as US bank aid plan sends broader markets downward.
Limericks flood in Thank you to readers who sent in rhymes, Telling of difficult shipping times, Some are bold and some are blue, Turning red a vessel's crew! Though a bit of sauce is not a crime.
Front-haul fire China sets capesize market alight as Cosco books MOL unit for Brazil pick-up at $59,000 a day.
Schulte success Row over pay off after twenty year deal to crew BP ships is axed ends in victory for shipmanager.
Trico earns $84m Houston offshore vessel owner tallies series of subsea contracts from DeepOcean and CTC Marine subsidiaries.
Blood delivered A cargo of blood from a seized Lebanese general cargoship reaches its destination in Gaza.
Pdvsa pays up Venezuelan oil company pays $26m in unpaid drillship hire to Singapore's Neptune Marine.
GSL refinances Boxship player Global Ship Lease re-jigs $800m loan to avoid default on covenants over ship valuations.
NOL crunched Unprecedented collapse in world trade sends shipowner to $149m fourth quarter loss, says CEO Ron Widdows.
Dutch collapse Eimskip's Netherlands cold storage operation Daalimpex goes into administration after sale falls through.
Hercules in loss But John Rynd-led rig and lifeboat owner's results beat analyst expectations, sending its shares upward.
Dockwise lighter Heavy lift player offloads two 1979-built veterans to focus on premium cargoes with remaining fleet.
Fuel rethink Oceania and Regent Seven Seas become latest cruise companies to cough up refunds for retrospective surcharges.
DHT still paying New York-listed tanker owner keeps dividend in place as fourth quarter bottom line doubles.
Tanker blaze Italian vessel loaded with condensates bursts into flames after collision with boxship off Dubai.
Door open Creditors clear the way for foreign investors to bid for struggling C&Heavy Industries, reports say.
New fund for DVB DVB Bank kicks off new $250m counter-cyclical shipping and offshore fund.
Baltic cull Ferry operator Scandlines making 45 staff redundant in Sweden due to freight volume dip.
Ro-ro chaos UK report condemns complacency of senior officers as Seatruck's Moondance grounded off Northern Ireland due to power failure.
Orskov better Danish shiprepair yard pushes up profit and revenues in 2008 as business stays brisk.
JES faces red ink Singapore-listed shipbuilder warns of fourth quarter loss following rising costs and unfavourable currency shift.
Frontline defeat European court clears way for Italian insurers to pursue $20m case over suezmax dock damage.
FOP flop Fred Olsen's fleet of floating storage/production vessels clobbered by impairment charge from falling vessel steel values in 2008.
ESL Shipping doing well The shipping company ESL Shipping in the Finnish Aspo Group did well in 2008 despite decreased capacity and the weakened market situation. Even if the profit for 2008 did not
Norden reward employees with shares D/S Norden, Copenhagen, has decided to give shares to a certain number of employees in the company. The board of directors has decided to give away 22,750 shares with
STX Europe will be delisted from the Oslo Børs In letter on 29 January 2009, STX Europe ASA applied for delisting of the company's shares from the Oslo Stock Exchange. The administration of the Oslo Stock Exchange made the
Samsun in deep crisis Samsun Logix, one of South Korea's largest bulk operators, has filed for court receivership at Seoul's central district court following difficulties in getting charter fees, Asian media reports. Samsun has
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