Ransomed Egyptian crewmen recount capture by pirates With gunfire whizzing overhead, an Egyptian mechanic faced down Somali pirates attacking his cargo ship with nothing but an axe.
China defends Spratlys patrols China yesterday defended its move to send a patrol ship to the disputed Spratly islands, saying that it was not a violation of an agreement to maintain the peace in the South China Sea.
Asciano puts key assets up for sale TWO of Australia's most recognised transport brands are on the market as parent Asciano tries to defray a $4.5bn debt.
US clamps down on magic pipe offenders GENERAL Maritime fined $1m, put under maximum probation term requiring audits and regular reports.
Hellenic rejigs debt deals HELLENIC Carriers is to restructure its debt repayments after striking a deal with two banks.
GenMar fined over log book GENERAL Maritime Management (Portugal) has been slapped with a million dollar fine by a US federal judge in Texas for failing to maintain an accurate oil record book aboard the crude tanker Genmar Defiance, it was revealed to
Chavez orders ports takeover VENEZUELAN President Hugo Chavez has sent the navy to the nation's ports and airports in a bid to seize control from state governors.
Clarksons spots market opening THE RECESSION is opening up expansion opportunities for London-based shipbroker Clarksons, CEO Andi Case told Fairplay today.
Rough ride for Rio's Chinalco deal RIO TINTO'S proposal to sell a $20Bn stake to Chinalco has struck further hurdles with Canberra delaying approval and a leading Australian institutional investor announcing strong opposition.
Steel on road to recovery STEEL is on the road to recovery according to India's second-largest producer Steel Authority of India.
Asciano up for sale THE BOARD of Australian ports and rail operator Asciano has put the whole company up for sale after receiving what it said were 'multiple expressions of interest/proposals from a range of industry and financial parties'
Bank pressure S&P issues negative outlook for several banks with exposure to deteriorating shipping markets.
Genmar fined $1m US federal court orders General Maritime to pay $1m for in Genmar Defiance magic pipe case.
Drillship tied up Transocean's Deepwater Pathfinder continues winning streak with $600,000-per-day contract as Addax prepares to drill in Gulf of Guinea.
CSAV hires help Chilean boxship operator hires bank to develop new business plan as it confronts liner downturn.
Chavez port grab Venezuela's leftist president orders navy to seize country's ports and airports.
Attack thwarted Vinalines bulker dodges pirate attack in Gulf of Aden with Turkish and Danish naval help.
Case dismissive Clarkson CEO says a new shipbroking venture by his predecessor Richard Fulford-Smith would be "just another competitor" as he fights off questions on controversial staff contracts.
Sveaas hits back Norwegian investor claims Trico is hiding behind the law and using self-serving tactics to block his ascent to the board.
Scan spat settled Scan Geophysical to hand over just $1m to end $12.3m dispute with Deep Sea Supply.
"Days of terror" Blue Star crew recount their hostage ordeal at the hands of Somali pirates.
US ports in play? Pension fund owned developer makes $8.9bn bid for 60 year concession to privatise key Virginia ports.
Deal dead Havila Shipping admits Havila Phoenix charter has gone up in flames, but could a joint-venture come to the rescue?
Brunei bids Ferry operators wanted to run Borneo tourist service to Sabah, Malaysia.
Forth falters UK ports operator hit by fall in property values in 2008 as results turn red.
Clarkson divi up London-listed shipbroker lifts shareholder payout despite fall in full-year profit and warning of a challenging 2009.
Spill master held Pacific Adventurer captain surrenders passport to Queensland authorities as oil spill hits 250 tonnes.
Sil Tide free Ukraine says four crew and Tidewater ship seized off West Africa at the weekend are released.
Seven feared dead Three bodies recovered off China as Vietnamese coal carrier sinks in gale.
Dockers injured Three men suffer broken legs after loader pins them to cargo hold wall at Wilmington, US.
Hellenic up, down Profit up at Fotini Karamanlis-led dry-bulk owner but shares slide as costs and one-off hits impinge.
Dry demolition Eight more bulkers face breakers' torches, plus three auctioned Sorus reefers.
Axe falls More than half of 400-strong workforce to go at Keppel Cebu Shipyard in the Philippines.
Tug sinks US vessel goes down in Mississippi, but three crew escape with minor injuries.
Paper loss AP Moller-Maersk is ditching napkins in favour of kitchen roll on its ships to save money.
Roll up! Samsung Heavy plans to sell KRW 700bn of bonds as orders disappear in global slump.
Western down Norwegian bulker player's profits slip, but revenues climb in "strong" year.
S'pore down 20% Terminals in Lion Republic see container volumes slump from a year ago as global trade declines.
Four taken Ukrainian and three Filipinos kidnapped off Nigeria/Cameroon border after vessel is attacked.
Half billion loss for STX Europe STX Europe reports an operating loss of NOK 561 million for 2008, compared to a NOK 177 operating loss in 2007. Turnover was up by NOK 4.5 billion compared Read more
Maersk analyses CO2-transports Maersk Tankers, the tanker arm of A. P. Møller-Mærsk, has carried out a transport and use of carbon dioxide emissions study. Maersk Tankers has designed a tanker capable of Read more
Mols-Linien hit by high oil prices Mols-Linien A/S was hit hard by high oil prices and the financial crisis in 2008. The result for the company fell from DKK 63 million to a deficit Read more
Sevan Marine in yard conflict over payments The Chinese yard Jiangsu Hantong Ship Heavy Industry threatens to take Norwegian Sevan Marine into arbitration in Singapore because of missed payments, according to international media. In a press release Read more
NSA positive to new transport plan The Norwegian Government has now announced the national transport plan for 2010-2019 ' the Government subsidies to sea transports and maritime infrastructure will increase from NOK 703 million to 1,085 million Read more
Svendborg Bugser buys tug Colombian tug Svendborg Bugser A/S has purchased the Colombian tug Poseidon, which will be renamed Egesund upon arrival in Denmark. The tug will be taken over in Cartagena, Colombia, this week
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