Tankers do double duty as oil storage Frontline Ltd, the world's biggest owner of supertankers, said that about 80 million barrels of crude oil are being stored in tankers, the most in 20 years, as traders seek to take advantage of higher prices later in the year.
Mitsui OSK to cut fleet expansion Mitsui OSK Lines Ltd, the world's largest merchant fleet operator, will reduce its expansion plans by 50 ships as worldwide demand for sea cargo shrinks.
Pacific Basin expects more line failures Pacific Basin Shipping Ltd, Hong Kong's biggest operator of commodity vessels, expects more lines to fail after the global recession caused freight rates to plunge 92 per cent last year.
Baltic index rises on iron ore demand
Sea, sail and sponsorship - it's all part of the challenge
Box carriers in crisis as rates continue in freefall CONTAINER shipping is facing its worst year ever, with even the biggest lines not safe from the risk of collapse.
London P&I Club condemns Mangouras bail ruling RISK of politically-influenced bail requirements could rise following the European Court of Human Rights' verdict.
Ship values down in 2009 SHIP ASSET values continued their six-month fall into the New Year as both bulker and tanker values reached new lows
CLIA vows to 'weather challenges' THE Cruise Lines International Association (CLIA) maintained that its member companies are prepared for what will be a challenging year
EC approves APM's Broström deal EU COMPETITION watchdogs today gave AP Møller-Maersk the green light to buy Swedish shipping company Broström ' even though their activities overlap in several tanker markets
Migrants safe after Med terror A TANKER crew delivered 102 migrants to safety at Valletta's Grand Harbour this afternoon in Malta after a terrifying rescue in the Mediterranean
Charterer "forces" ships into piracy waters It is the charters market and with an increasing supply of unemployed vessels, owners are under put under pressure. According to the P&I club London Club, owners are beginning to sign charter parties including a "Gulf of Aden" clause ...
Danish shipping is facing a spanish tax trap Danish shipping is facing a tax trap in Spain in the aftermath of the termination of a mutual tax-agreement between Denmark and Spain/France. The termination passed through the Danish parliament in order to stop the growing transfer of ...
JL sells part of DFDS Group DFDS Group got a new ownership structure on Tuesday as the main shareholder JL Fondet A/S (J. Lauritzen Foundation) swapped some 45 per cent of the JL Fondet's 51 per cent of the ownership of DFDS Group. In return ...
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