Flying high with Singapore's flag THE growth of the Singapore fleet continued through 2008, with the tonnage of ships under the Singapore Registry of Ships (SRS) growing by some 10.4 per cent over 2007 to reach 43.7 million gross tonnes (GT) as of end December 2008. Last year, the Singapore fleet grew by about 8.2 per cent to 3,843 vessels, as compared to 3,553 in 2007.
Baltic Dry Index at highest since October The Baltic Dry Index, a measure of shipping costs for commodities, rose for a fifth day to more than a two-month high on demand to transport iron ore to China, the world's biggest buyer of the steelmaking ingredient.
Greek shipping tycoon kidnapped by armed men A Greek shipping tycoon was kidnapped at gunpoint near his home in the coastal suburbs of Athens on Monday, in the third such high-profile abduction in Greece since last June, police said.
Pirates free Philippine crew, ship
Indonesia scales down search for ferry victims
Ferry disaster highlights transport problems
Strait Talk
Watch costs, but stay shipshape RECESSIONS tend to mean lower standards as some shipowners who are strapped for cash try to cut corners. Even blue-chip owners look closely at costs.
Flying high with Singapore's flag THE growth of the Singapore fleet continued through 2008, with the tonnage of ships under the Singapore Registry of Ships (SRS) growing by some 10.4 per cent over 2007 to reach 43.7 million gross tonnes (GT) as of end December 2008. Last year, the Singapore fleet grew by about 8.2 per cent to 3,843 vessels, as compared to 3,553 in 2007.
Baltic Dry Index at highest since October The Baltic Dry Index, a measure of shipping costs for commodities, rose for a fifth day to more than a two-month high on demand to transport iron ore to China, the world's biggest buyer of the steelmaking ingredient.
Greek shipping tycoon kidnapped by armed men A Greek shipping tycoon was kidnapped at gunpoint near his home in the coastal suburbs of Athens on Monday, in the third such high-profile abduction in Greece since last June, police said.
Pirates free Philippine crew, ship
Indonesia scales down search for ferry victims
Ferry disaster highlights transport problems
Strait Talk
Watch costs, but stay shipshape RECESSIONS tend to mean lower standards as some shipowners who are strapped for cash try to cut corners. Even blue-chip owners look closely at costs.
Swiss reports record results 2008 was a record year for the airline Swiss. The freight business also developed well. Freight tonne kilometres sold rose by 7.3%. The freight load factor by volume declined sligh...
Air France-KLM group definitely takes Alitalia stake The board of the Italian flag carrier Alitalia has decided to transfer 25% of the company's share capital to the Air France-KLM group for EUR 310 million. The newly-formed Alitalia...
'Cherry-picking' charterers look only to one-year horizon MAERSK Broker says charterers will avoid deals of over 12 months and continue to source relatively cheap tonnage from banks.
Report gives dire warning for dry bulk spot rates
Panagopulos abductors demand E40m, say unconfirmed reports POLICE refuse to comment on reports of huge ransom sum.
Liberia and LISCR cleared of corruption PROBE clears Liberian government and US-based company that operates its national registry of corruption allegations.
Lawsuits deluge NY court THE SOUTHERN District Court of New York continues to be flooded by an unprecedented volume of shipping lawsuits
Terminals fail TWIC test THREE Miami terminals were restricted from receiving inbound international vessels on Tuesday after US Coast Guard inspectors found them non-compliant with Transportation Worker Identification Credential (TWIC) rules
Charter renewals take hit DIANA Shipping has announced another new time charter, once again at a fraction of the rate of the previous contract
Probes clear Liberian flag TALKS will resume soon between the Liberian government and its US-based flag administrator after two independent investigations cleared both parties of any wrongdoing in a protracted political scandal
Hanwha told to rethink Daewoo deal KOREA Development Bank has demanded that Hanwha submit reworked funding plans by the end of the month for acquiring a majority stake in Daewoo Shipbuilding & Marine Engineering
Panama trade poised for shake-up CONTAINER traffic patterns will undergo a major transformation upon completion of the Panama Canal expansion in 2015, according to a new report by Dutch rating and research firm Dynamar
Fifth ship released in a week BOTH TURKISH ships held by Somali pirates are free after today's release of the chemical tanker Karag'l, a lawyer for its owner said
Norwegian vessel attacked by pirates Eidesvik Offshore's 3,790-gt Viking Forcados, built 2002, was on Tuesday morning attacked by pirates close to the Idahoe field off Calabar in Nigeria. The vessel was engaged in subsea works in the area that has not been considered as ...
Greek shipowner kidnapped One of Greece's most successful shipowners since the days of Onassis, Pericles Panagopoulos, was kidnapped on Monday outside his house in Kavouri near Athens by three armed men. According to unconfirmed information, the kidnappers demand a EUR 40 million ransom ...
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