Chinese shipbuilders to run aground in 2011 China's shipbuilding industry, holder of the world's largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market.
United Seamen's Service presents 2010 Admiral of the Ocean Sea Awards The United Seamen's Service (USS) 2010 Admiral of the Ocean Sea Awards were presented to Thomas J. Bethel, national president of American Maritime Officers (AMO), and William A. Pe...
CMA CGM extends Black Pearl service to west coast of South America The CMA CGM Group is extending its Black Pearl service to the west coast of South America (Ecuador, Peru, Panama and Chile). This upgrade comes at a time when Dynamar's figures sho...
Hong Kong's MTL expects port of Taicang to boom The Hong Kong port operator Modern Terminals (MTL) considers the port of Taicang (60 km up-stream on the Yangtze River) to be something of a gold mine. MTL said that the hub is far...
Kerry Logistics opens new Hong Kong centre Kerry Logistics has opened the first phase of its 257,000 sqft product customisation and consolidation centre, which will target leading fashion and retail brands, in the Tai Po in...
Bolloré logistics activities doing well The transport and logistics activities of the French industrial and service corporation Bolloré returned to strong growth in the first half of 2010. The sales of Bolloré Logistics ...
US Postal Services registers massive loss in 2009/2010 The US Postal Services made a net loss of USD 8.5 billion in financial 2009/2010 (to 30 September). The deficit last year had stood at USD 3.8 billion. Total operating revenues cam...
Top debt squeeze nears EMBATTLED Top Ships today reported profits for its latest quarter, but it remained precariously in breach of loan covenants
Delaware River dredging allowed A JUDGE has ruled that dredging of the Delaware River navigation channel can be completed, removing a potential barrier to a new Philadelphia port development
Dutch refloat death tug SALVAGE workers have refloated a tug that capsized in Rotterdam but have failed to find the bodies of its captain, owner Fairplay Towage said today
Arctic Sea six face prosecution THE INQUIRY into six men accused of hijacking general cargo ship Arctic Sea last year has reportedly been completed and handed over to Russian prosecutors
Torm unveils $26.7M in losses DENMARK'S Torm today reported pre-tax losses of $26.7M for 3Q10, from profits of $4.4M in the same period last year
Star Bulk trumps forecast AKIS Tsirigakis-led Star Bulk has revealed stronger results than expected, as its in-house management strategy cuts operating expenses
MAIB warns on workboat safety THE UK'S Marine Accident Investigation Branch has recommended better training for workboat crews involved in towing, after the death of a deckhand
Technip seals PDVSA deal French subsea contractor ties up offshore installation contract with Venezuelan energy giant.
Royal Caribbean sheds cruiseship French wing of US cruise giant waves goodbye to Bleu de France after rubber stamping $55m sale.
Diana Shipping dealt cape payday Greek bulker owner poised to pocket $47m after sealing five-year time charter.
Statoil fix to spur Sartor order Sartor Offshore plots newbuilding after securing long-term deal with Norwegian energy powerhouse.
Supply ship spills oil off Norway Risavika harbour closed after diesel leaks from Bourbon offshore vessel.
HSH still cutting losses Business improving at German shipping bank in third quarter, but restructuring costs dragged down net result.
One missing off Kenya Hope fading in search for crewman who tumbled from Pakistani tanker Faith off Mombasa.
'Things can only get better' Torm boss Jacob Meldgaard reckons products tankers are at a nadir with shrinking orderbook to eventually buoy rates.
A third PSV heads for lay-up A Sartor-managed platform supply vessel is heading into lay-up due to dire rates in the North Sea spot market.
Boskalis boosts full-year forecast Peter Berdowski-led firm hikes profit expectations as Smit takeover continues to bear fruit.
Red ink runs at Torm Danish tanker outfit sinks to loss as management changes and lack of sale gains add to market woe.
Lorenzo reaps recovery rewards Philippines feeder operator pushes up both profit and revenue in first nine months.
Maiden mishap for Blue Ocean New Mumbai cruise outfit's first voyage ends with water entering cabins after vessel developed slight list.
Moody's no longer negative on NYK Credit ratings agency boosts view on Japanese owner from negative to stable on the back of improvements in its liner division.
SCI starts East Africa run Indian owner launching new boxship service from Colombo to Kenya and Tanzania.
Sweet sale for Bourbon French owner bags $46m after sprinkling off its shares in sugar producer Sucrerie de Bourbon Tay Ninh.
Dof PSV sale flops on funding Sale of second newbuilding to HitecVision falls flat after the buyer fails to secure financing for the vessel.
CSIC lines up huge bond sale Chinese shipyard group to sell CNY 5bn of notes with a one-year maturity.
ICG in demand warning Irish Ferries parent keeping eye on public spending cuts in UK and Ireland but boosts profit.
No jack-up joy at Northern Low utilisation and rates continue to dog John Fredriksen-backed offshore drilling company.
Dof tips stronger finish to 2010 Oslo-listed shipowner says fourth quarter earnings will improve after a drop in Q3.
Incat lands LNG ferry contract Australian yard claims new ship will be first high-speed car ferry powered by natural gas.
SITC books three feeders Yang Shaopeng-led liner operator bolsters fleet with trio of newbuildings at South Korean shipyard.
UK issues workboats warning New rules needed for towing operations following death of UK deckhand when rope chain snapped in France.
MOL starts Vietnam tug venture Japanese giant teams up with domestic operators to capitalise on growth at Cai Mep terminals.
Boxship orders on the rise New containership orders are outpacing deliveries for the first time in over two years, says Alphaliner.
Electric car caused Pearl of Scandinavia fire It was an electric car being charged that caught fire on the car deck of the DFDS ferry Pearl of Scandinavia yesterday. It became clear shortly after the ferry arrived
Three more Danish coasters sold Another three vessels from the shrinking Danish coaster fleet are about to leave the country. The lAdriane (laid up in Svendborg since April 2009) has been sold to Dubai-based
Three Wallenius vessels reflagged Wallenius has begun the process of reflagging to Singapore. In June, the family-owned shipping company announced its intention to reflag seven vessels and this autumn, the first three ' the
Two yards fight over Russian icebreaker order There are now two yards left in the bidding process for a new 25 MW icebreaker for the Russian state-owned port group Rosmorport: United Shipbuilding Company (USC) in St
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