Trading firms switch to floating storage At least 12 supertankers holding fuel oil and crude are anchored in south Malaysian waters, up from eight previously, as a shortage of landed tanks spurs a shift to floating storage, traders said.
Venezuela, China seal deals VENEZUELA and China have signed a flurry of new oil accords, including an export agreement that could increase tanker flows between them
DPW shifts Russian port stake DP WORLD has received approval from the Russian government to buy a 25% stake in the Far East Container Terminal at Nakhodka
Algeria axes trade surplus ALGERIA'S trade surplus tumbled from $36.4Bn in the first 11 months of 2008 to about $4.2Bn in the same period this year, IHS Global Insight reported today
Omega reveals order switch OMEGA Navigation Enterprises today confirmed a joint venture with Glencore and a major revision to its newbuilding schedule at Hyundai Mipo
NYK signs Rio Tinto deal JAPAN'S NYK has reached a long-term deal with Rio Tinto to transport iron ore from Western Australia to China
Pirates attack Indian tanker AN INDIAN tanker has reportedly evaded a pirate attack in the Arabian Sea
Union slams UK pirate policy NAUTILUS International told Fairplay today that the British government has done little to address its warnings about piracy
Vale rebound Chief executive Roger Agnelli expects Vale's iron ore production to return to 300 million tonnes next year.
Duden de-fuelled Brazilian authorities planning to remove fuel from the bulker Duden a month after a deadly fire.
Llado likes Kirby Company controlled by a Spanish businessman and politician unveils 5.6% stake in US tank-barge player.
Euroseas fixes Pittas-led owner's panamax Aristides NP to spend two years with charterer in $13.5m deal.
Sinking kills 10 Ferry with 100 on board sinks in the Amazon River, killing several passengers.
All change Omega and Glencore redraft orders at Hyundai Mipo after setting up joint venture.
Gulfmark objects US offshore vessel owner wants to ensure PSV hulls and components it claims to own at Bender Shipbuilding are not sold to VT Halter Marine.
Swedish sale Imperial Shipping offloads panamax bulker in $5.1m deal just 18 months after buying the vessel, brokers say.
Up for sale Italian government to privatise Tirrenia di Navigazione passenger ferry and cargo shipping group.
Divi confirmed Golar LNG shareholders will be handed stock in Tor Olav Troim-led spin-off in February.
Vision hurt Marine Atlantic ferry suffers hole in its stern after a bump at Canada's Port aux Basques.
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