Sharp rise of 10m barrels in oil storage offshore The amount of crude oil being stored at sea has risen sharply over the last two weeks, particularly in the US Gulf, due to a price incentive for oil companies to hold stocks on board vessels, traders and analysts said last Friday.
Swire Shipping to pay Australia A$25m for spill UK-based Swire Shipping said on Saturday that it had reached a deal with the Australian government on compensation for an oil spill this year which hit pristine tourist beaches in north-eastern Australia.
Weak US$ helping luxury boat-builder stay afloat Recession has shaken nearly every corner of the US economy but Trinity Yachts is still turning out custom-built luxury boats, thanks in part to a sagging US dollar.
Odense calls time on shipbuilding AP Moller Maersk's yard to cease all shipbuilding when current orderbook is completed.
Demise of yard "sad but understandable"
Swire pays over liability limit to settle spill claim SWIRE Shipping will pay $8.3m over and above its maximum legal liability for the Pacific Adventurer incident.
DryShips secures West LB loan waiver DRYSHIPS has won another waiver from a lender bank, with West LB agreeing terms on $71m in debt.
Global Ship Lease still in talks on $800m loan COMPANY says still in talks with banks about waiver, as it posts net income of $22.8m on revenue of $36.2m
Odense to end shipbuilding ODENSE Steel Shipyard is to end all shipbuilding activities after it delivers its last vessel in 2011, the company said today
Chiquita avoids Eastwind slip-up CHIQUITA has kept its banana cargoes flowing despite Eastwind's Chapter 7 liquidation, according to a new financial filing
Pirates free Italian tug SOMALI pirates have freed Italian tug Buccaneer, the country's foreign ministry confirmed today
Was death ferry seaworthy? THE CAPTAIN in last week's ferry sinking accused Tongan authorities today of being swayed by financial pressures to allow an unseaworthy vessel to sail
Chiquita sailing Charterer of 12 ships from bankrupt Eastwind says four containership contracts continue unchanged but eight reefers are converted to bareboat charters.
Creditors resist Unsecured creditors of US Shipping Partners say more information should be given before they left with "token $100,000".
A week aground Norwegian-flagged open hatch carrier Austanger has been grounded off Argentina for more than a week.
UP selling cape? Felipe Menendez-led Ultrapetrol's only capesize bulker, the 1984-built Princess Marisol, is again reported to be up for sale.
Changing hands Brazilian engineering outfit Odebrecht and Dubai Ports World re in final negotiations to buy a terminal at port of Santos.
Ransom denied Italian owner denies reports of $4.5m ransom for release of tug claiming government promised aid instead.
Tanker aground Master and chief officer injured as German chemical tanker grounds off Taiwan in Typhoon Morakot.
China lashes Rio State secrets department says Chinese steel mills overpaid by $100bn as 'Spirongate' rumbles on.
Freak focus US scientists claim breakthrough in mapping occurrence of huge rogue waves.
Boxship boost New vessels and non-cash items jack up second quarter profit at Global Ship Lease.
Arctic Sea 'lost' Mystery surrounds reported disappearance of Russian-crewed ship 'hijacked' in Baltic in July.
Last orders AP Moller-Maersk stops shipbuilding activity at Lindo with the workforce shrinking as it completes its final 14 ships.
17 held Escobal bulker among ships detained after failing safety checks during July.
Currency boost Favourable exchange rates and rising sales lead MODEC to boost first half profit forecast.
22 missing Typhoon Morakot claims Chinese panamax bulk carrier leaving 22 crew members missing.
PNSC picks two Pakistan national owner lines up $60m deal for modern Japanese-built tanker duo.
Buccaneer free No ransom said to have been paid for release of Italian tug and crew held in Somalia for four months.
HSL deaths Two workers fall into sea and drown while painting vessel at Indian shipyard.
Scrap surge China and Bangladesh lead the way in demolition market as prices leap above $300 per ton.
Growth spurt Arrival of 40 offshore newbuildings fires second quarter revenue at Bourbon as income from bulker unit collapses.
P&O peeved UK ferry operator slams government's back-dating of port rates as it faces bill of nearly £6m.
CSSC fades Profit tumbles in first half at China Ship Shipbuilding Co as sales peak but costs soar.
ATS stronger Aboitiz-owned Philippines ro-ro player boosted by higher passenger utilisation in first half.
Swissco stronger Alex Yeo-led firm's bottom line shoots up as asset sales and a larger fleet boost returns.
Newbuild grounds Tide Sjo ferry suffers water ingress off Norway, the company's fourth accident this year.
Deeper freeze Japan's Toei Reefer Line widens losses in first quarter, but annual forecast looking better.
Koncar covets Mining tycoon confirms he wants to buy all five state-owned Croatian shipyards in privatisation.
Indian chase "Suspicious" North Korean cargoship held off Andaman and Nicobar islands after six-hour pursuit.
Rig to Esbjerg for refit The third jack-up drilling rig this year has arrived in Esbjerg for an extensive refit, coordinated by Semco Maritime. The drilling rig is the American-owned Noble Byron Welliver
Dennis Maritime back in business The re-established Finnish shipping company Dennis Maritime Ltd has taken over the operations of the 1,280 DWT cargo vessels Josefine and Nathalie after the bankruptcy of their former owner
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