Tanker rates to surge on China demand Supertanker rates are poised to surge to a two-year high by December as China's demand for oil sends ships the equivalent of 11 extra times around the globe in a month.
Philippine court takes over custody of Asta THE Philippines has suspended arrest and seizure proceedings against the Singapore-registered tugboat, Asta, after a local court ruled it had sole jurisdiction and custody over the hijacked vessel.
Daewoo lands 694.2b won vessel job Daewoo Shipbuilding & Marine Engineering, the world's second-largest shipyard, has received an order for a platform installation vessel worth 694.2 billion won (S$793.8 million) from Allseas Group SA.
BP pledges speedier recovery BP HAS revised its oil recovery plan and accelerated efforts to capture oil spewing from its ruptured Gulf of Mexico well, with pressure intensifying from Washington
Iran vows to defy Gaza ban IRAN is reportedly sending aid ships to Gaza, as Israel finalises the details of an inquiry into last month's fatal raid on a Gaza-bound aid flotilla
Fire, blasts rip Marseilles shop MARINE diesel engine repair specialist Sud Moteur of Marseilles confirmed today that it was hit early yesterday by a major fire and several explosions
Isle of Manhole ISLE OF Man harbour told Fairplay today it has found a deep hole in the harbour bed under the pier used by passenger ships on the Isle of Man
HCI Hammonia cleared for deal LISTED German ship asset trust HCI Hammonia Shipping has gained approval from shareholders for a €68.2M ($83.8M) capital increase and the issuance of profit participation rights up to '75M
US West Coast boxes surge BOX VOLUME at the ports of Los Angeles and Long Beach increased dramatically year on year in May on the back of a surge in imports and 2009's low levels
BDI resumes last week's slip THE BALTIC Dry Index continued its trend down today, shedding 173 points by early afternoon, or 5.3% to 3,115, according to figures published by the Baltic Exchange
Subsea7 eyes US Gulf play Kristian Siem-led offshore outfit pens deal with Otto Candies to operate IRM vessel in GoM despite drilling ban.
Seacor strikes SeaTiger JV Hong Kong-based private equity animal teams with New York-listed owner in $100m hunt for shipping investments.
Petrobras pens $528m yard pact South American oil giant inks massive 20-year lease deal with Rio de Janeiro-based shipyard.
Trico teetering on the brink Troubled offshore owner says it has three days to land loan waivers or face bankruptcy protection from creditors.
WW passes $200m mark Norwegian owner beats lower target in share offer with more than 24-hours to run.
Africa anniversary gift from Millers Club manager to mark 125th year in business by supporting renovation of veteran steamship as floating medical clinic.
Owners to benefit from ruling Judgment that charterer of Saldanha has to pay hire during pirate seizure paves the way for further decisions in favour of shipowners.
PNSC wants five bulkers Pakistani owner eyes new vessels to replace those scrapped last year.
India posts more ports growth Indian Ports Association says volumes increased by 2.5% in May as recovery continued.
Power players digest list Key figures from the TradeWinds Power 100 list assess their positions and give John Fredriksen the thumbs up.
Zhenhua wins NPCC deal Chinese yard claims derrick pipelay vessel order from National Petroleum Construction Company.
Manila muddle for MNHP Group developing Manila North terminal calls for shipowners' trucks to vacate their premises.
Lifeboat hitch for Thoresen Thai Thai owner's bulker detained in Japan over release mechanism deficiencies.
Iran hits back on sanctions Government vows to inspect western vessels in Persian Gulf if IRISL ships targeted by UN resolution.
Swiss tanker in Gulf of Aden attack Overseas Maritime Carriers' Meriom Iris manages to fend off pirate assault in Gulf of Aden.
Yangzijiang sows capital seeds Chinese shipbuilder taking 20% stake in venture capital fund for new businesses.
Maersk pair join Petrobras party Maersk Supply confirms AHTS brace will join Petrobras on lucrative four-year deals.
Sea Star sells elderly capesize Chinese owner nets decent profit from sale of former Cosco bulker.
Herning hurt by lower rates Danish products tanker specialist also propelled to 2009 loss by newbuilding cancellation.
Allseas orders at Daewoo Korean shipbuilder clinches offshore-platform installation and decommissioning vessel order.
ABG linked to mining move Indian shipbuilder could branch out into bauxite operations in Sierra Leone.
Enzer makes offshore debut Electronics company Enzer buys Swiber vessel to begin its transformation into a shipping company.
Dead stowaway found on MSC Debra Two others captured alive after Singapore-owned boxship arrives at US port from Dominican Republic.
Fijian feted for yacht rescue Engineer James Fanifua wins 2010 IMO bravery award for dramatic rescue in Tasman Sea.
Hamworthy seals FPSO deal UK company to supply pump systems for BW Offshore's FPSO Papa Terra off Brazil.
Danes in public push Up to 15 owners will list in next decade as part of ambitious growth plan, Danish Shipowner' Association says.
Angelicoussis in order spree Greek owner said to have booked up to six bulkers and tankers at China's Shanghai Waigaoqiao.
Helix in more BP charters US contractor now has a trio of vessels, including an FPSO, helping Gulf of Mexico spill clean-up.
Long Beach continues rebound US west coast port saw a 25% jump in total container volumes in May, its sixth month of growth.
New ferry service between Frederikshavn and Oslo Sunlink Ferries will launch a new service between Frederikshavn and Oslo within a very short time. The company claims it has purchased the Panamanian flagged ferry Arberia, capable of carrying
First fuel cell of its kind installed on car carrier Project to demonstrate how technology can reduce the environmental impact of vessels.
Bunker prices generally firm in Rotterdam, Hamburg NYMEX showing gains of more that $1.50 in early trading.
US Gulf crude oil leak could trigger stricter bunker regulations Californian Assemblyman says disaster could provide 'window of elevated consciousness' for lawmakers.
Little price movement in Middle Eastern ports Fair IFO avails in Suez Canal.
Hopes for bunker barge crew held by pirates Sri Lankan External Affairs Ministry says crew could be released 'within days'.
UN sanctions will have 'no impact' on bunkering Iranian supplier says sanctions will have 'nothing to do with its operations'.
Slow steaming has been 'mismanaged' Shipping lines have been 'fixated' on cutting bunker costs at the expense of customer care.
IFO product prices continue general rise Tokyo Bay the only major Asian port to see a drop in fuel oil prices.
Singapore May bunker sales continue record climb Sales of 380 cSt grade also at a fresh monthly high.
Exclusive: Fourth edition of ISO marine fuels standard announced Wanda Fabriek tells Bunkerworld about the revision of ISO 8217 and explains background for 'more significant changes than ever before' in the standard.
ISO 8216-1 and ISO 8217 standards - 15 June 2010 It is my pleasure to announce that the fourth edition of ISO 8217 - Specifications of marine fuels- and ISO 8216-1 - Classification of marine fuels- will be published on the 15th of June 2010.
ICS/ISF launches new safety guidelines Revised version addresses importance of environmental management.
Former Chemoil manager joins Bakri Trading As General Manager in the Singapore office.
Fujairah 'losing' bunker sales to Singapore Bunker sales dip due to 'competitive' prices in Singapore, traders say.
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