Sanctions crippling Iranian shipping industry Just weeks after the United States and the United Nations imposed new rounds of sanctions on Iran, Teheran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of US laws, the insurers say.
Daewoo Shipbuilding wins US$975m order Daewoo Shipbuilding & Marine Engineering Co received a US$975 million order for 10 container vessels, its first box-ship contract in two years, as the global economic rebound revives world trade.
Montreal port lockout may trigger layoffs A lockout of workers at the Port of Montreal may trigger layoffs at exporters such as AbitibiBowater Inc and delay an investment project at Cascades Inc if an agreement isn't reached within days.
Genco launches dual offerings GENCO Shipping & Trading announced today that it will sell a mix of shares and convertible bonds to fund its recent bulker acquisition spree
BDI rises on steel speculation THE BALTIC Dry Index rose today as speculation about a rise in steel prices spurred short-term interest in iron ore
GL urges asbestos inventory ASBESTOS use in ships still worries class societies, Germanischer Lloyd told Fairplay today, so it is proposing a new approach
DSME wins big box ship order NOL OF Singapore has contracted 10 post-Panamax box ships from South Korea's Daewoo Shipbuilding & Marine Engineering
Ukraine yard production rises UKRAINE'S government has announced that the country's shipbuilding and repair plants increased production volumes by 36.2% year on year in the first half of 2010
CSAV continues charter-in spree BULK SPECIALIST Paragon Shipping confirmed today that it has chartered its two new box ships to Chile's CSAV
China unveils steelmill closures CHINA has announced plans for a drastic slash in its steelmaking capacity, in a move likely to affect the drybulk sector
NOL owns up to Daewoo order Singapore-listed liner giant confirms earlier report it is behind 10-ship box order with two more on the way.
Genco in huge cash grab Peter Georgiopoulos-led bulker owner to rake in up to $525m from loans and equity issues to cover its recent spending spurt.
Pod power blow for Rolls Royce Underwriters refusal to pay claims arising from troubled propulsion system to be fought in a London court.
Paragon sheds handymax bulker Michael Bodouroglou-led owner sells one of its oldest ships as it finds work for new boxship arrivals.
Kobe yard counting the days Japanese heavyweight Mitsubishi Heavy Industries calls time on commercial shipbuilding at one of its three yards.
DSME bags 10 boxships Singapore's NOL linked with raft of 8,400-teu units at Korean yard in nearly $1bn deal.
CalMac short after breakdown Clansman ferry remains out of service as Scottish owner fails to find short-term replacement.
HHI profit getting heavier World's biggest shipbuilder sees second quarter earnings grow as orders recover.
Subsea float to net $16m Singapore-listed Swiber puts a price on the IPO of unit Kreuz Holdings.
Boxship bounce under threat Record newbuilding arrivals in July could place container shipping recovery on ice, report says.
GTB Invest buys boxship Jan Haakon Pettersen-led shipowner buying a containership from German owner Peter Doehle.
Cargoship hit by explosion Subsequent fire on West Ocean 1 contained at Manila's North Harbor.
No BDI link to bulker sale Lomar Shipping confirms panamax departure after Daichi takes purchase option.
UK holds Norwegian ship Hav Ship Management vessel one of four detained in the UK during June.
Cabin chopped off cargoship Vinashin Orient loses a little height so salvors can free it from Binh Bridge in Vietnam.
Wartsila warns of sales drop Finnish engine giant sees profit slip in second quarter and warns of up to 20% sales dip this year.
MOL tipped for Q1 profit Japanese owner likely to have made big profit in first quarter, and K Line also in the black.
China top energy user The United States has been overtaken by China to become the world's largest energy consumer.
Yangzijiang confirms ten Chinese shipbuilder chalks up ten newbuilding contracts in second quarter lifting backlog to $5.2bn.
Princess Ashika trial begins Four men, including former Shipping Corp of Polynesia chief John Jonesse, face manslaughter charges over Tongan ferry tragedy.
Arachnophobia grips Guam Cargoship diverted to Busan in Korea for fumigation following previous discovery of thousands of spiders on Altavia.
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