Middle East tanker surplus swells as hire rates crash The supply of supertankers competing to haul two million-barrel cargoes of Middle East crude oil has expanded, pressuring owners as charter rates crash.
Baltic index hits lowest level in 14 months The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest level in over 14 months again on Tuesday with slow activity set to continue in the coming weeks.
Oil leak closes part of Canada-US seaway An oil spill from a cargo vessel that ran aground near Montreal has forced the closure of a section of the important St Lawrence Seaway shipping route.
Business in Dubai slumps with curbs on Iranian trade
Hanjin files box counterclaim HANJIN Shipping is seeking $66.9M in damages from Sumitomo Mitsui Banking and Unitas Finance in the latest twist in an escalating battle over leased boxes
CMA CGM eyes inland growth CMA CGM told Fairplay today it might introduce new inland terminals in the Germany and elsewhere in central Europe as it restructures its debt
Death inquiry finds UK lapses AN INQUIRY into the death last year of a seafarer on an Evergreen box ship will lead to more safety oversight for UK-flagged vessels, MAIB said today
Horizon-Crowley accord OK'd ACCORDS to settle civil antitrust allegations involving Horizon Lines and Crowley have been approved by a judge in Puerto Rico
Bulker backs up Seaway GROUNDED bulker Richelieu has continued to back up vessel traffic moving in and out of the Great Lakes region as divers work to patch its ruptured fuel tank
Iraq hits oil export gusher IRAQ'S oil revenues in the first half of 2010 reportedly exceeded estimates by about $2Bn, its oil minister has revealed
Owner rejects aid ship report THE GREEK owner of a ship carrying aid to Gaza ' and being trailed by Israeli warships ' has told Fairplay that reports are false that it has had engine failure
Bodouroglou fills CFO seat Idle executives rush to ready r'sum's as Michael Bodouroglou-led bulker outfit launches hunt for fresh finance chief.
IM Skaugen exits Nordic LNG LNG players part ways as Norwegian gas cartel collapses but Mortis Skaugen-led shipowner still chasing 'mini LNG' dream.
CSL smash-up keeps canal closed Grounded CSL bulker sparks delays as portion of St Lawrence Seaway remains closed.
Skaugen stuck in the red IM Skaugen looses battle for black in the first half of the year but eyes remain fixed on emerging markets.
Lazard trims Baltic Trading view Analyst tips cape rates to stabilize in August as plunging spot market leads to reduced profit forecast for newly-listed owner.
Zodiac refuses to lose Zodiac Maritime heads group of owners keeping capesizes at anchor due to depressed rates.
Rio admits double-dip fears Rio Tinto presses on with Cape Lambert Port expansion despite CEO admitting Chinese slowdown has "weakened sentiment".
Docker crushed in Australia Union starts protest as father of two dies in Melbourne after being hit by three-tonne steel beam.
German ship saves 'les miserables' Exhausted Frenchmen liberated from Atlantic woe after Bastille Day rescue by MSC Bahamas.
Suezmax rates on tap? Alaskan company plans to charter tankers to ship water across Pacific to India.
Ladder collapse killed crewman Evergreen crew's botched gearbox maintenance blamed for death of Chin-Fu Huang in San Francisco Bay.
BWO all go for Prosafe swoop Helmut Sohmen-headed FPSO owner clears cloud surrounding Prosafe Production takeover.
Steinbrenner dies at 80 US shipping magnate and New York Yankees owner suffers heart attack in Florida.
Trico two held in Hong Kong US supply ships detained in June over maintenance, radios and echo sounders.
Greek owner denies aid ship damage Talk of engine failure on Gaza-bound Greek ship a ruse to buy charterers time against Israelis, owner says.
Latvian Shipping lets lab go Tanker owner offloads its shares in oil analysis firm Juras Servisa Centrs.
Master killed in typhoon Captain hits head on rock while leaping from barge in Philippines storm.
Chinese ship orders surge New business in the first half of 2010 increased threefold, giving Chinese yards 46% of global pie.
'Favourable financing' for GMR New York-listed tanker owner General Maritime amends $750m loan as part of Metrostar swoop.
Nigeria eyes ships buys Plans to resurrect National Unity Line could see West African country snap up six vessels.
DSME in South African swoop South Korean yard blows money into Impinda after striking the right note with South African president.
Vinashin suspends chairman Binh Vietnamese shipbuilder's boss replaced by transport minister as financial probe begins.
Ezion plans Aussie base Singapore offshore player set to open Australian marine supply base to support local oil and gas sector.
Manager: 'Seaman still missing' Search for Myanmar crewman overboard tanker Eastern Honesty continues despite report he was found alive.
Five deals for Rolls Royce UK marine company seals offshore design and equipment deals worth $122m in past few weeks.
Long Beach volumes rising US west coast port has reported its seventh straight month of gains in container throughput.
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