VLCC rates to jump as single hulls are scrapped The worst market for supertankers since the 1973 Arab oil embargo is setting the stage for prices to double by the fourth quarter as ship owners scrap ageing vessels and delay orders for new ones.
Cruise industry on flu alert THE cruise industry was in close contact today with the US Centers for Disease Control on the swine flu threat, but has yet to pull any ships from Mexico routes
Cruising continues Alaska retreat NORWEGIAN Cruise Line confirmed today that it would pull one of its three Alaskan vessels as a result of market conditions and high taxation
Flu tightens US port security CREW ON ships entering the US after calling in Mexico are getting closer attention today because of the swine flu outbreak
Pirates slain as tanker recovered COMMANDOS from Yemen reportedly freed a Yemeni tanker today, with five pirates killed and at least nine captured
MSC cruise ship evades pirates THE CRUISE ship Melody was headed under military escort today for Aqaba, Jordan, on its scheduled itinerary after the Panama-flagged vessel traded fire with pirates before escaping off the Seychelles
Petraeus urges arming ships GET 'SERIOUS' and arm yourself, US Army General David Petraeus has warned shipping
GulfNav profits shattered DUBAI'S Gulf Navigation reported today a first-quarter profits fall of 85.7% from the same time last year
Transatlantic axes 50 jobs Transatlantic has initiated negotiations to reduce its workforce by 50 employees. A final agreement with the unions is expected before the summer vacation period. The company recently reported a SEK
Independence of the Seas to be permanently positioned in Europe From 2010, The Independence of the Seas will be the first vessel in the Royal Caribbean International fleet to be employed year-round on the English market. She will have
Jobs lost at Landskronavarvet The hull builder Landskronavarvet in Southern Sweden, now owned by Norway's Bergen Group, has made 52 of 61 employees redundant. The reason is that an order failed to materialize as
Hebei Spirit officers acquitted but forced to stay in South Korea South Korea's Supreme Court has dismissed charges against the two Indian officers who were blaimed for the Hebei Spirit disaster, the worst ever oil spill in South Korean waters. The
Engine makers could lose orders worth EUR 2 billion Wärtsilä and Man B&W expects that they could lose orders worth in excess of EUR two billion when orders for new ships are cancelled, Lloyd's List reports. The two
Another two vessels attacked off Somalia A 31,000 GT German-owned grain carrier was hijacked at the eastern end of the Gulf of Aden on April 25. The 17-man crew are believed to be unhurt
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