Clean propellers cut carbon emission: ship classifier The global shipping industry can cut carbon emissions substantially with simple methods such as polishing propellers regularly and steaming more slowly between ports, Norwegian ship classifier Det Norske Veritas (DNV) said.
Baltic Dry Index climbs for 8th day on grain demand The Baltic Dry Index, a measure of shipping costs for commodities, climbed for an eighth day on Tuesday on demand for panamax vessels to haul South American grains.
Hanjin raising Asia-Europe box rates Hanjin Shipping, the largest South Korean shipping line, will boost rates to move containers from next month after plunging global trade and higher capacity depressed fees last year.
Crossrail about to be sold Australia's investment company Babcock & Brown wants to hive off Crossrail, based near Utzendorf (CH), according to a report in a Bernese newspaper. The one-time purchaser of the f...
SNCM and ENTMV to transport 18,000 vehicles per year The Franco-Algerian duo SNCM (Soci't' Nationale Maritime Corse M'diterran'e) and ENTMV (Entreprise Nationale de Transport Maritime de Voyageurs), partners in passenger transportati...
Etihad appoints new regional cargo sales manager Etihad Crystal Cargo, a division of Etihad Airways (UAE), has appointed Albert Soliman as the airline's new regional cargo sales manager for the Middle East and Africa. Based at Et...
Wincanton phases in new location in Cologne The transport and logistics service provider Wincanton has opened 3,200 sqm handling facility in Cologne Eifeltor (DE). It complements the company's existing premises in Cologne's ...
Danaos negotiates delays on giant newbuilding order PIRAEUS-based company close to pushing back one-third of its vessel deliveries by up to eight months.
Fleet growth and strong credit lines buoy Danaos
OceanFreight triples net income to $27.7m NASDAQ-LISTED dry bulk and tanker owner posts strong full-year despite interest rate swap losses.
Danaos in crisis mode NYSE-listed container-ship owner Danaos Corporation has breached debt covenants and is moving aggressively to postpone newbuilds
Cochin to sign Petronet LNG deal THE COCHIN Port Trust told Fairplay today that it will sign an accord tomorrow granting Petronet LNG the concession to set up an LNG terminal and regasification plant
Dangerous boxes overboard off Oz A MULTI-purpose ship has lost more than 30 containers of ammonium nitrate overboard off Brisbane in stormy seas affected by Tropical Cyclone Hamish
DNV predicts record cancellations BULKER and box ship cancellations could reach mount to 30% of the orderbook in the next few years, Det Norske Veritas Maritime senior VP Wilhelm Magelssen has warned
Owners told delay, don't convert A GERMAN maritime think tank has called upon box ship and bulk carrier owners to choose cancellations and delays instead of conversions of newbuilding orders into other ship types
Hunkering down Coustas-led Danaos halts dividends, delays newbuildings, forges covenant waivers and reports a drop in earnings.
Showing more Armada (Singapore) reveals details of more creditors who have been scratched off a previous list.
Hunting Samsun Fotini Karamanlis-led Hellenic Carriers latest to launch legal action against Samsun Logix following charter default.
Rhyming Robson Mike Robson's our new limerick king; But Peter Shaerf caused a close run thing; Last year's New York winner; Fought hard the beginner; But the Navios man stayed in the ring.
Ofer ship grounds Boxship Saxonia Express runs aground in the Mississippi River but is quickly re-floated.
B+H profits soar Shares rebound after Rhode Island owner reports second-half profit after loss a year earlier.
TBS confident CFO feels "comfortable" that talks with lenders over loan covenants will succeed.
3 yards compete Transpetro bunkering tanker tender draws proposals from three domestic shipbuilders.
Bryde bashed Nordic Tankers issues profit warning with the Klaus Kjaerulff-led firm blaming the decline on deals completed by the Steen Bryde regime.
Fine for Croat Chief engineer on scrapped reefer Snow Flower escapes US jail after pleading guilty to cooking oil record book.
TBS in tough talks Royce-led owner expects waiver deal with lenders, but a "no" answer could raise doubts about its ability to "continue as a going concern."
Caribbean coup Two Scottish shipyards win share of '150m order to build anti-smuggling patrol ships for Trinidad.
Seven years Owner of Al-Salam Boccaccio ferry that sank off Egypt killing more than 1,000 people sentenced in absentia.
Uljanik dives Croatian bulker and tanker owner sees profit slashed in tough markets last year.
Misery for Maersk Danish shipping giant staring down the barrel of an $850m loss this year, warns Fearnley Fonds.
Wilson sells one Bulker oldie which needs extensive docking goes to Syrian owner for "around book value"
Hazard off Oz Oil spill from Swire ship which lost boxes of ammonium nitrate in storm could threaten wildlife.
Torm storming Danish shipowner's stock powers up Wednesday as analysts give its full-year figures the thumbs up.
Clearing the air Armada clarifies mystery over disappearances from creditors list and who will get future profits.
Box spill Swire ship causes oil slick after falling containers hit hull in storm off Australia.
Nokbong not bust Troubled South Korean shipbuilder rubbishes reports its banks have forced it into liquidation.
One for ESG Florida yard beats Spanish rival to Canadian contract for ferry newbuilding.
Gotland soars Swedish tanker and ferry company pushes up earnings and revenues in 2008.
Torm goes lower Danish tanker giant warns of reduced profit this year while 2008 net falls as it misses Norden sale cash.
Costs hit GSI Hong Kong-listed Guangzhou Shipyard also posts weaker financials while expenses erode higher sales.
Asian first Wartsila wins breakthrough Taiwanese ship design and propulsion system deal for chemical tanker.
Splitska rises Croatian cement carrier owner posts much bigger 2008 profit as revenues jump.
What a hoot-er DFDS kicks off 2009 Comic Relief effort by strapping the world's biggest red nose to the bow of a cruise liner in Newcastle.
Rig rumpus US drilling giant Transocean in dispute with Egypt's Petrobel over terminated jack-up rig charter.
Green boost US port of Long Beach is increasing the incentive to shipowners to switch to low-sulphur fuels.
Maersk Line sells two ships for recycling and may lay up 25 units Maersk Line has sold two container carriers for recycling at a special plant in China. The plant has been built up for some years with The A. P. M'ller-M'rsk
Greek owner cancels two bulkcarriers at Odense The Odense Steel Shipyard had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has
D/S Norden's best year ever Dampskibsselskabet Norden A/S reports its best year ever in 2008, the net profit was USD 707.8 million after the revenue was almost doubled from 2007. The net revenue
Karmsund files for bankruptcy The Norwegian Karmsund Maritime files for bankruptcy after difficulties to secure financing of several construction projects, among other things, Norwegian media reports. Recently the Singapore-based Ezra Holding cancelled two
Chief Engineer pleads guilty in magic pipe case The Chief Engineer on the Cyprus-flagged M/T Nautilus, 26.794 gt, has pleaded guilty in the U.S. District Court in Boston, to using falsified records that concealed improper
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