Lower surplus of supertankers in Persian Gulf A surplus of supertankers competing to haul two million-barrel cargoes of Middle East crude oil shrank over the past week on stronger Chinese ship demand.
Dry-bulk shipping costs seen falling The cost of hiring ships to haul commodities such as coal and iron ore may fall as demand weakens in China, the world's biggest consumer of the materials, Arctic Securities ASA, said.
CMA CGM adding weekly Durban call French leading shipping group CMA CGM, headquartered in south France, has announced that it will add a weekly call in Durban, South Africa, from this Friday, in a bid to directly link South Africa to Asia.
IFC investing in GAC to support global oil operations IFC, a member of the World Bank Group, recently announced it is investing in the GAC Group to help the global shipping, logistics and marine services provider acquire new vessels t...
UPS expanding handling capacities in China and USA The US-based express service provider UPS has phased in two air hubs for parcel and freight handling. The USD 180 billion Asia Pacific hub in Shenzhen (China), which covers around ...
Deutsche Post DHL increases the number of training positions The German service provider Deutsche Post DHL is deliberately offering more vocational training opportunities for young people in this era of economic uncertainty. This year, the c...
Peter G in Metrostar spree PETER GEORGIOPOULOS-chaired firms today confirmed three separate en-bloc purchases from Greece's Metrostar totaling $886.1M
GenMar closes Metrostar deal GENERAL Maritime confirmed today it will acquire seven tankers from Metrostar for $620M, which would increase its fleet by 50%
Seafarers held in Puerto Rico SEVEN Lithuanian seafarers are reportedly being held in custody in Puerto Rico on suspicion of pollution violations, despite their vessel being released
Pressure intensifies on BP BP IS under increasing fire because of new evidence that the Gulf of Mexico spill exceeds available containment capacity
UK study urges equal crew pay A BRITISH government report today recommended an end to nationality-based pay for seafarers on UK ships
Odense sells Lithuanian assets DENMARK'S Odense Steel Shipyard has sold its Lithuanian subsidiaries, the Baltija shipyard and the Baltic Engineering Centre, to Estonia's BLRT Grupp
US revises drilling rules THE US Department of the Interior has announced new drilling rules that should allow the resumption of some Gulf of Mexico drilling and production
House that Georgiopoulos built Genco Shipping & Trading is the latest Peter Georgiopoulos-led outfit to make a move on ships linked to Metrostar.
D'Alesio sells supramax Italian owner offloads one of its three dry-cargo newbuildings after receiving surprise offer.
Baltic Trading inks bulker trio Peter Georgiopoulos' latest bulker brainchild Baltic Trading has forged a deal to grab three handysize ships from Metrostar.
First Ship Lease in bid to free vessels Singapore powner set to post $4.8m security to lift arrest of product carriers.
Owners are 'lambs to the slaughter' TEN chief Nikolas Tsakos warns 'sheepish' tanker owners not to shoot themselves in the foot with fresh orders.
Green six to join Seatrade Pool Oslo-listed owner places country class ships with world's biggest operator in a move which will help cut costs.
Fredriksen looking for buys Norwegian shipowner says he is on the lookout for an opportunity to pick up distressed companies.
Globus eyes post-panamaxes George Karageorgiou-led Greek owner spots arbitrage opportunities in larger tonnage but orderbook a concern.
'Time for dry-bulk caution' But George Gourdomichalis spots opportunity in market volatility and long-term demand from Asia.
'Prepare crew for pirates' Globus' Capt Ioannis Filippatos warns owners and managers not to let crew get lazy in face of ruthless pirates.
'Foreign brokers welcome' Allied Shipbroking's George Daskalakis doesn't seen overcrowded market in Greece as owners go on ordering spree.
Genmar deal sparks divi slice Analyst says General Maritime's massive tanker spending spree could result in cuts to its quarterly dividend.
Djakarta Lloyd faces liquidation Struggling container line placed into "special care" by Indonesian government due to declining finances.
Long Beach starts dredging US west coast port begins $40m project designed to deepen channel and improve tanker discharging.
Sabanci: 'Delays, not cancellations' Yalcin Sabanci says the Turkish owner has delayed a number of capesizes and large tankers due to market conditions.
Genmar bags funds for seven Peter Georgiopoulos' General Maritime seals deal with Metrostar for $620m tanker transaction.
Severka set to be lifted Refloat plan being devised for sunken Russian nuclear waste ship.
SMBC arrests 5,900 Hanjin boxes Box battle heats up as US Marshals launch operation to seize $11m worth of containers leased by South Korean giant.
'Greek social cohesion at risk' Economic gloom could decimate the fabric of Greek society but shipping still contributing, says George Gourdomichalis.
Rickmers rescue complete Singapore-listed Trust confirms axing of $920m purchase and resolution to loan issues.
Fesco earnings down by a third Russian container line reveals profit shrank by 35% in tough 2009.
Clubs differ on piracy issue Ole Wikborg of Norwegian Hull Club says some P&I outfits not helping owners of hijacked vessels.
NYK lines up $330m sale Japanese owner to offload shares in companies including Mitsubishi Heavy Industries to pay for newbuildings.
Acergy upgraded at Nomura Oslo and US-listed offshore player lifted to 'buy' at Japanese investment bank on future order prospects.
BLRT agrees to take over Baltija Estonian shipbuilder adds to Lithuanian presence with deal to acquire unwanted Maersk yard.
Yard worker dies after gas leak Thirty-two-year-old killed during tank cleaning of a vessel at Alang-based shipbreaker.
Hamworthy hails exhaust deal UK group wins "breakthrough" contract to supply four exhaust gas cleaning systems for new Messina ro-ros at Daewoo.
Lorenzo stronger in first Philippines containership player boosted by non-core operations to 31 March.
Hegemann focuses on offshore German yard group to merge Stralsund and Peene Werft as it seeks to specialise.
Footfalls rise for ferry group ICG Irish operator still benefiting from boom in foot passengers following Icelandic eruption disruption.
Fleet sales hurt Globus George Karageorgiou-led bulker owner sees profits shrink over 80% as disposals cut fleet in half.
Greece plots Cyprus ferry Greek shipping minister Louka Katseli wants to strengthen trade and cooperation with new service.
Samudera ups India capacity Higher cargo demands out of India's commercial capital prompt Indonesian operator to add tonnage.
Mitsubishi in price fight Japanese shipbuilder seeks cuts to steel prices amid fears rising newbuilding costs will kill off order interest.
Odense sells Baltija Shipyard Odense Steel Shipyard sells Baltija Shipyard (Baltijos Laivu Statykla) and Baltic Engineering Centre to the Estonian BLRT Grupp AS. In August 2009 it was decided to terminate the shipbuilding activities
Prices firming in Rotterdam, Hamburg NYMEX showing gains of more than $2.5 in early trading.
Fujairah prices show little movement Durban prices firming.
Demand rise pushes crude prices higher Optimism returns to markets as oversupply concerns dissipate.
Andatee China Marine Fuel signs 10-year deal Company says it has the right strategy for 'rapid' expansion.
Odfjell using 'route optimisation' technology Group has 'saved $475,000 in fuel costs in 90-days' and 3,000 tonnes of CO2.
New bunker standard under renewed attack Chemoil says it will 'deal with the hand it has been dealt' but questions ISO decision making process.
Mid-week prices for IFO product generally soften Prices for IFO grade fall not more than $2 at major Asian ports on Wednesday.
Exxon Mobil sells end-June cargo at 'narrowing discount' Market in the Middle East getting tight, traders say.
Another FSL Trust vessel arrested for unpaid bunkers Two product tankers, previously leased by a Cyprus-based shipping firm, seized in a week.
Aegean takes delivery of newbuild for Greece Tanker deployed to Greece in a bid to meet 'strong demand for modern tonnage'.
Titan in new bid to reduce cash flow burden Its viability rests on the success of the new exchange offer - its third attempt at restructuring its existing notes.
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