Strong demand in dry bulk seen this year DRY bulk demand will be strong this year. But the dry bulk shipping market remains uncertain due to over-supply, which is likely to worsen in the second half as deliveries of new vessels increase, Norden Singapore's managing director Peter Borup said yesterday.
America's Cup 1st leg start postponed Lack of wind postponed the start yesterday of the first race of the 33rd America's Cup, pitting defending Swiss champions Alinghi against US side Oracle in a best-of-three series.
Stena buying 4 Samsung tankers for Brazil Stena Bulk, a Swedish shipping company, said it is ordering four tankers from Samsung Heavy Industries Co for US$268 million to ship crude from Brazil, home of the Americas' biggest oil discovery in three decades.
Singapore-registered tug boat missing off Pulau Tioman
Port of Gothenburg restructuring gets green light The restructuring of the port of Gothenburg, to form a new port authority and three operating companies, in order to increase profitability, has been completed. Port chairman Sven ...
Hamburg reports large decline in 2009, optimistic for 2010 The port of Hamburg lost around 30 million t (or 21.4%) of its throughput in 2009 vis-'-vis 2008, reporting a maritime cargo handling volume of 110 million t. The port believes tha...
Single-hull tankers can become double-hull units under new regime Reconditioning type N single-hull tankers (designed to transport liquid bulk such as diesel, oil and petrol) into type N double-hull tankers will remain possible in future, with ce...
NYK business strong in up-and-coming Mexico Juan Molinar, the Mexican secretary of communications and transport, has visited NYK and met Hiroshi Hattori, a director and managing corporate officer at the company. NYK has main...
Ilyushin Finance signs two wet lease contracts in Bangladesh The Ilyushin Finance Company (IFC) signed several aircraft delivery contracts with two customers of Bangladesh last week. A contract with NovoAir calls for IFC to deliver a Tu-204S...
First B747-8 freighter flight scheduled for today Boeing has scheduled the first flight of another new Boeing aircraft, the B747-8 freighter, for today, 8 February, at 10.00 local time. The date for the event, which will take plac...
RwandAir extending fleet and network The Rwandan national carrier RwandAir started a new scheduled flight from Kigali to Dar-es-Salaam and Johannesburg via Bujumbura, the capital of Burundi, last week. The largest Sou...
New Boeings for Biman Bangladesh Airlines Biman Bangladesh Airlines, the national carrier of the South Asian state, took delivery of a Boeing B777-200ER and a B737-800 last week, and introduced a new logo and livery. The a...
Seanergy reverses course SEANERGY today backed out of its planned Capesize acquisition in response to China's restriction of bank lending
Crowley settlement revealed CROWLEY will pay $14M to settle a class-action suit alleging antitrust violations in the Puerto Rico container trade
NVOCCs battle at FMC CUSTOMER theft and rate undercutting are among the charges filed by one non-vessel operating common carrier against another at the US Federal Maritime Commission
Payments boost Odfjell profits ODFJELL has reported an $11M net profit for 2009 thanks to two large one-off payments, an analyst told Fairplay today
Orders cancelled at Sevilla VIKING Line has cancelled an order at Spanish yard Astilleros de Sevilla, the second cancellation at the troubled yard since Friday
Toxic chemicals fall into Baltic TOXIC chemicals have reportedly fallen off a Finnish container ship into the Baltic Sea
Seychelles offers pirate trials SUSPECTED Somali pirates will reportedly be tried in the Seychelles after the country received EU guarantees that they would be sent home to serve their sentences
Resales return Three SLS products tanker newbuildings back on market after deals with Mexican and Egyptian buyers fall through.
Navios bags $62m Angeliki Frangou's Navios Maritime Partners closes latest equity offering with all underwriter options exercised.
Red ink for STX Shipbuilder warns of more cuts in European cruise and ferry yards but is positive on offshore outlook.
Vogetrader free Panamax bulk carrier re-floated after running aground at the entrance to a Hawaii harbour. Hull cracked, but no pollution.
Number juggler? Tanker consultant Colin Pearce accused of lacking expertise during evidence at Sovcomflot corruption trial.
Cape deal cut Seanergy Maritime bins plan for $89.5m bulker buy after China restricts bank lending.
Viking cancels Finnish ferry owner axes newbuilding contract with Astilleros de Sevilla after construction delays.
Market muddle Accuracy of rate assessments used by expert witnesses come under fire on day 60 of Sovcomflot corruption trial.
No Swan order All Leisure Group executives throw cold water on newspaper report of Swan Hellenic Cruises order at Portuguese yard, but is it Hellenic Seaways?
Forget it Frontline chief Jens Martin Jensen dismisses Nordic American Tanker Shipping takeover as nonsense.
Second sale Hedge fund 2i Capital cuts Pipavav holding for the second time in a month, bringing in over $20m.
Odfjell calls time Bernt Daniel Odfjell steps down as chairman of Oslo-listed shipowner after 20 years in the hot seat.
Resilient Rickmers Singapore containership owner sees healthy growth but plans newbuilding freeze as it faces refinancing talks with its banks.
Polys' party trick Greek owner Polys Haji-Ioannou disposes of another single-skin tanker, as second VLCC of 2010 heads for the torch.
Gulf course CSAV Norasia unveils a new upper Gulf service which will employ a single vessel.
No weapons Zodiac Maritime dismisses reports of military supplies aboard hijacked car carrier Asian Glory as nonsense.
ASL grabs one Singapore-listed shipyard lands $30m order for dive support vessel.
Barents boost HHI scores $1bn FPSO deal with Statoil and Eni to help soften blow of order drought.
Loan lengthened Khalid Hashim's Precious Shipping stretches $260m loan, buying itself more time for second hand spending spree.
Payout lifts Odfjell Sevmash compensation payment helps to lift Oslo-listed chemical carrier owner into the black.
DSME disappoints World's second largest shipbuilder turns in record profit for 2009, but analysts expected more.
Tug taken Reports suggest a tug on its way from Singapore to Cambodia has been hijacked off Malaysia.
Boskalis orders Dutch company goes to Singapore's Keppel Singmarine for construction of a new fall pipe vessel.
Delays hit tankers Port delays, bad weather and local squabbles continue to absorb tonnage says McQuillin report.
CHO stake sale Malaysia's Scomi Marine offloads 29% stake in Singapore-listed offshore player CH Offshore.
Viking Line cancels newbuilding The newbuilding contract for the Viking ADCC project has been cancelled by Viking Line Abp. The vessel was on order at the Spanish shipyard Astilleros de Sevilla and is designed
Containers fell overboard from Linda Three containers fell overboard from the Finnish container vessel Linda early on February 6, when the ship was in the waters between the islands of Gotland and Öland. It is
Green light for Tor Anglia recycling The Tor Anglia has been "green listed" by the Danish Ministry of Environmental Affairs. Thus, there are no existing legal obstacles to the vessel being recycled in China. The Minister
Absalon freed bulk carrier crew The Danish frigate Absalon, which joined the NATO operation Ocean Shield in the Indian Ocean on February 1, interrupted a piracy attack on a cargo vessel in the Indian Ocean
Asian shippers ask China to act against hike in freight rates In the last couple of weeks, freight rates have been increased from both Asia to Europe and Asia to US by virtually all the shipping lines. At the same time
New EU report favours cap and trade Study compares the four major policies to reduce CO2 emissions from maritime transport.
Lloyd's Register offering engine performance analysis New service provides ships' engineers with combustion data.
Bunker prices weakening in Europe Prices falling for third consecutive trading day.
Fujairah sees 380 cSt prices slide NYMEX showing some gains in out of hours trading.
Change of Total's ARA manager ARA Zone manager of five years leaving bunkers role.
Italian owner takes second newbuild bunker tanker Technical manager says vessel will be able to cope in 'future market conditions'.
Lukoil ready to grow in Southern Europe Aiming for higher sales and expansion in Black Sea market, close to start-up in Italian port.
Gibraltar marine services company set to grow Former General Manager of Bunkers (Gibraltar) says regional bunker market can still expand.
Fatal accident in Copenhagen O.W. Bunker says a thorough investigation is underway.
Prices fall for third day Healthy levels of enquiries in Singapore.
Iran supplier starts OPL bunkering at Bandar Abbas Deploys coastal vessel and bunker tanker; offers straight-run bunker fuel.
Stena Bulk orders tankers of 'highest environmental class' Designed in-house to cut bunker use by at least 10% compared to most efficient suezmaxes currently operating.
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