Gulf tanker rates may be bottoming out The cost of delivering Middle East crude oil to Asia, down a quarter this month, may resist further declines as some vessel owners refuse to ship consignments at unprofitable rates.
EU's Baltic Sea regional plan targets pollution Countries around the Baltic Sea could one day be linked by huge power cables, guarded by integrated border police, with coordinated fishing fleets overseen by a Baltic Coastguard, a draft document shows.
M'sia gets 992m yen grant for security Japan has extended a grant aid of 992 million yen (S$15.5 million) to Malaysia for maritime security enhancement in the Straits of Malacca and other Malaysian territorial waters.
Germany stops short of shipyards rescue GOVERNMENT will support sector but will not become shareholders in shipyards, says country's maritime coordinator Dagmar Wöhrl.
German yards expect Asian price war
UK port traffic under threat from higher light dues SHIPOWNERS threaten to cut the number of direct calls at UK ports unless plans to increase light dues are withdrawn.
DP World axes 60 jobs at Southampton OVER 60 jobs are to be axed at the Southampton container terminal jointly owned by DP World and Associated British Ports.
EPA seeks US emission controls JUST hours after a leading environmental panel urged stricter air pollution rules for ships, the US Environmental Protection Agency asked the IMO to ring the country with a buffer zone
Bilbao shipyard figure bombed BASQUE police confirmed today that a bomb exploded last week outside the house of Juan Manuel Arana, chairman of Astilleros Murueta, a ship construction yard near Bilbao
Mexico hopes to reopen ports MEXICAN officials hope to reopen three key oil-exporting ports today after weather shut them down over the weekend
Hercules selling Houston offshore player is looking to offload cold-stacked drilling units, broker says.
Clipper sells up Clipper Group ends joint ownership of ISP as appetite for shipmanagement ventures wanes.
DryShips sued Board of directors taken to court in Marshall Islands over cancellation of 13 bulkers bought from George Economou's private interests.
Shares slump Bulker owners lead shipping shares downward as sector participates in Wall Street slide.
Bulk terminal shut Conflict between operators and stevedores freezes operations at Argentine dry-bulk terminal.
Yard boss attack Basque separatists blamed after bomb explodes outside home of Astilleros de Murueta president Juan Manuel Arana.
Pirates attacked Greek ship one of several naval vessels to secure arrest of seven suspected pirates after attack on German unit.
Gas change BW Group chief Andreas Sohmen-Pao will be new BW Gas CEO from 1 July as Jan Hakon Pettersen joins board.
Yard fight erupts Jon Erik Reinhardsen's Petroleum Geo-Services faces legal battle over cancellation of newbuilding at Factorias Vulcano.
Jinhui sells two Year-old supramaxes head to one owner for $30m each, slightly below book value.
Yule get nothing Maersk continues severe cost-cutting programme by scrapping Christmas presents for staff.
DRYS defensive George Economou says DryShips still has the confidence of its lenders after auditors raise "substantial doubts" about its ability to continue as a going concern.
Exhaust mission New shipping association ready to promote exhaust emissions abatement technology.
Coscol cruises Chinese heavy-lift and ro-ro company took advantage of domestic boom before downturn struck.
Turks win quartet Besiktas yard signs deal for LPG vessels originally being built for Vafias group with Italy's Gas and Heat.
Seadrill hunts pair John Fredriksen-backed rig owner freeing up $267m as it moves in on troubled PetroMena newbuildings.
Fuel factor Greek ferry owner clobbered by bigger bunker bills in 2008, but expects profit this year if prices stay lower.
IHI eyes less loss Japanese shipbuilder which was staring at $260m annual loss now cuts deficit in half.
Bank boost Germany's KfW IPEX enjoys good result in its first stand-alone year, but 2009 remains a challenge.
Tanker re-floated Norwegian chemical unit which grounded early on Sunday and listed heavily now stabilised.
Three for Keppel Singapore shipyard group picks up a trio of offshore projects collectively worth about $200m.
Below zero? Russian boxship owner Fesco to post $1m loss or just about break even in 2008 as it revalues fleet.
Royce reprieve Host of banks grant $300m waiver to Joseph Royce-led bulker and tweendecker owner TBS International.
Seized crew 'OK' Norwegian master of tanker Bow Asir, hijacked off Somalia last week, contacts owner.
Tug sinks ' again 101-year-old vessel goes down for second time in its long life at Duluth, Minnesota.
Veteran saved? 1950-built former Norwegian ferry partially sinks in Finnish port, but refloated after water pumped out.
Short trip CalMac ferry returns to Oban, Scotland, after hitting reef 500 yards from berth.
Atom smasher Details emerge of collision between Russian nuclear-powered icebreaker and tanker in Kara Sea.
Steel deal Maersk reportedly signs agreement with China's Baosteel for metal deliveries over three years.
PSA profit plunges Collapse in demand on major trade lanes takes its toll on Singapore port operator.
Japan bound The first Russian LNG cargo for Japan has been successfully loaded at the Sakhalin II LNG plant.
Aurora row P&O passengers threaten legal action over missed stops on "prison ship" that suffered engine trouble.
BW Gas to leave the Oslo exchange The Sohmen family now controls 94.7 per cent of the share capital and the votes in BW Gas through its World Nordic. After a rights offering to minority shareholders
V. Ships attacks IACS Chairman The Monaco-based shipmanager V. Ships, responsible for the management of Hebei Spirit at the time for the accident, rejects the remarks from the IACS Chairman and Korean Register Chairman
Shipowners want to extend Absalon mandate The Danish Shipowners' Association has started a lobby campaign among Danish politicians to extend the mandate period for the Danish frigate Absalon patrolling in the Gulf of Aden. The Shipowners
Small decline for Port of Frederikshavn Port of Frederikshavn reports a small profit decline after the loss of Color Line as customer. In 2008 Color Line closed the service from Frederikshavn to Oslo and moved its
South Korean yard sues Stolt Tankers Stolt Tankers, a subsidiary of Stolt-Nielsen, announced that SLS Shipbuilding Co. Ltd. in South Korea has taken Stolt Tankers to arbitration to challenge the cancellation of a contract for
Contact established with Bow Asir crew Norwegian Salhus Shipping, the owner of the hijacked Bahamian registered vessel Bow Asir, has talked to the captain of the vessel who confirms that the crew are unharmed. The chemical
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
