Offshore supply vessel market still going strong The offshore supply vessel market is one of the few sectors in shipping that is relatively unscathed by the economic crisis and, although rate levels are returning to more normal levels after the 'frothy' years from 2006 to 2008, business can still be profitable if managed well, according to an industry panel at the Marine Money Asia conference yesterday.
China, Korea govts' aid to shipbuilders may hit rates China and South Korea's support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices.
Drydocks World opens training centre in Batam Drydocks World - Southeast Asia yesterday officially opened a training centre in Batam, where it has three yards, to develop the technical skills of the local workforce.
Cosco expects 80% surge in Baltic Dry Index
Taiwan's LNG imports up, reversing decline
S'pore tanker aground in Mississippi
Motoring
Ferrari market share up despite lower sales FERRARI may be driving into lower global sales this year but its market share has jumped, with the Italian super sports car maker saying that its models now make up a third of its segment.
Showroom fits prancing horse's identity FOR the first time in Singapore and Asean, a Ferrari showroom is compliant with the prancing horse's corporate identity standards.
Lada spots rival Geely in rear-view mirror - in Cuba After three decades as the favoured car of Cuban nomenklatura, the austere, Russian-built Lada has spotted a Chinese rival in its rear-view mirror.
Offshore supply vessel market still going strong The offshore supply vessel market is one of the few sectors in shipping that is relatively unscathed by the economic crisis and, although rate levels are returning to more normal levels after the 'frothy' years from 2006 to 2008, business can still be profitable if managed well, according to an industry panel at the Marine Money Asia conference yesterday.
China, Korea govts' aid to shipbuilders may hit rates China and South Korea's support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices.
Drydocks World opens training centre in Batam Drydocks World - Southeast Asia yesterday officially opened a training centre in Batam, where it has three yards, to develop the technical skills of the local workforce.
Cosco expects 80% surge in Baltic Dry Index
Taiwan's LNG imports up, reversing decline
S'pore tanker aground in Mississippi
Motoring
Ferrari market share up despite lower sales FERRARI may be driving into lower global sales this year but its market share has jumped, with the Italian super sports car maker saying that its models now make up a third of its segment.
Showroom fits prancing horse's identity FOR the first time in Singapore and Asean, a Ferrari showroom is compliant with the prancing horse's corporate identity standards.
Lada spots rival Geely in rear-view mirror - in Cuba After three decades as the favoured car of Cuban nomenklatura, the austere, Russian-built Lada has spotted a Chinese rival in its rear-view mirror.
Coyne picks Air Proxy Coyne Airways, the British carrier noted for serving difficult markets such as Iraq and Afghanistan, has appointed Air Proxy as its first ever GSSA for Estonia, Latvia and Lithuani...
GNV heads for Morocco from S'te The Italing shipping line Grandi Navi Veloci (GNV) is starting a new ro-pax service from S'te (France) to Morocco this autumn. GNV, which recently improved its Genoa...
MSC starts new transatlantic service to Philadelphia Geneva (CH)-based Mediterranean Shipping Company (MSC) is about to commence a new container service from the North Continent to the US east coast. The weekly service will depl...
Jumbo Offshore installs first transition piece Jumbo Offshore's engineers and the crew of the DP2-vessel "Jumbo Javelin" have successfully installed their first transition piece (TP), off the UK's south-east coast. This is the ...
New airport on the island of Crete The Greek minister of environment, town planning and public works has issued an international call to tender for the development and construction of a new international airpor...
Japan's first real-time display system to monitor ship operations Tokyo-based Mitsui OSK Lines Ltd (MOL) and Weathernews Inc recently announced that they have developed FMS.Globe, a fleet management system for ships that displays vessels' operati...
Leisure Cargo shoulders freight management for Nas Air The fledgling enterprise Leisure Cargo Dubai recently gained a foothold in the airfreight market of Saudi Arabia and the entire Middle East by signing its first contract with the S...
Fiata elects new president The annual general meeting of Fiata took place at its World Congress in Geneva (Switzerland). The event ended on 25 September. During the AGM, Jean Claude Delen, managing...
MAU launches flights to Abu Dhabi The Ukrainian airline MAU operated its first direct flight from Kiev to Abu Dhabi (United Arab Emirates) on 25 September. The service will initially be offered twice a week, increa...
DHL improves service on transatlantic route with B767s DHL Express, a market leader in the shipment of express freight, plans to strengthen its fleet of aircraft by acquiring six new Boeing B767 extended range freighters. DHL has been ...
13th Euro-Med Convention From Land to Sea, 22-25 October The 13th Euro-Med Convention From Land to Sea, organised by the Grimaldi Group, will be held at the Forte Village Resort in Santa Margherita di Pula (Cagliari, Italy) from 22-25 Oc...
Cosco seeks vessel sale to recoup Eastwind monies COSCO Shanghai Shipyard has asked the New York bankruptcy court to allow it to sell the EW Harting to recover unpaid $10.5m bill.
Tramp owners' share of global idle fleet increasing NUMBER of idle ships belonging to non-operating owners now stands at 379 ships.
Vale back in VLOC buying market MINER reportedly orders another four very large ore carriers.
Russia mulls SCF stake sale STATE considering sale of an unspecified stake in Sovcomflot.
Nordic American aims to boost fleet TANKER owner plans to buy more vessels at a time when values are falling.
US staying course on drugs RECENT shifts in thinking about the best ways to fight drug trafficking will not necessarily change US Coast Guard policies, Fairplay was told today
Norden shareholder grows DENMARK'S Norden told Fairplay today one of its big shareholders has combined with another company
CMA CGM orderbook doubt grows CMA CGM today said newbuilding order cancellations were expected as it affronts financial difficulties
GIEK fears wave of bankruptcies among Norwegian yards Since 2006, a record year for the Norwegian shipbuilding industry, the number of newbuilding contracts placed at Norwegian yards has dropped 94 per cent, from 85 contracts to only five
Shipping industry fears ambitious China Overall confidence levels in the shipping industry have shown a slight improvement over the past three months ' up from 5.5 in May to 5.7 in the recent survey
SRAB boosts finances SRAB Shipping has published its prospectus for a targeted share issue to raise SEK 35 million in additional capital. The issue is guaranteed. Some ten shareholders have agreed to subscribe
More cruise ships to Klaipeda The cruise ship Delphin inaugurated this year's cruise season in Klaipeda on May 12 and British Braemar will end the season when it calls on Thursday. The Port of Klaipeda
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