DP World sells 75% of Australian unit Dubai-based ports operator DP World moved to cut its debts with the sale of 75 per cent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for US$1.5 billion.
Viet shipbuilder granted tax concessions Vietnam has granted tax concessions to nearly bankrupt shipbuilder Vinashin, a newspaper reported yesterday, after speculation authorities would find a way to help the firm meet a debt deadline.
Supertanker surplus drops as demand rises An excess of supertankers competing for Persian Gulf crude oil shrank for a second week as demand to charter ships jumped to the highest since July and returns from leasing ships surged.
Baltic index falls as weather disruptions weigh on cargo activity
Pirates blocked by razor wire PIRATES failed in their attempt to hijack a general cargo ship today after they were unable to break through razor wire, according to EU NAVFOR
Fumes overcome bulker crew in Canada SIXTEEN Chinese crew members are in a Canadian hospital today after being overcome by fumes on their Liberian-flagged bulker
Cruise shares soar CARNIVAL Corp and Royal Caribbean shares have both hit fresh one-year highs in the wake of a better-than-expected 2011 forecast from Carnival
Hainan expands service HAINAN Pan Ocean Shipping has added a call in Oakland to its trans-Pacific box service
Bulker's crew rescued A BULKER'S 15 crew members were reportedly rescued today after it grounded in Japan
Euroseas reveals charter legal dispute NASDAQ-listed Euroseas today disclosed a legal row with the former charterer of its Panamax bulker Aristides NP, as well as two new period deals
Canaveral gains $42M loan FLORIDA'S Canaveral Port Authority has secured a $42M loan to accelerate an expansion scheme
Showdown for SE Shipping Lines The sheriff is waiting for the multipurpose ship SE Verdigris and its charterer at Baton Rouge.
Norwegian divorce Norwegian coastal express line operator Hurtigruten ASA is selling out of Nor Line.
CSDC adds more tanker orders CSDC is splashing out some $350m on aframaxes and VLCCs at Dalian.
Euroseas pulls panamax charter Aristides Pittas's Euroseas is lawyering up after taking back a time-chartered bulker over alleged charter defaults.
Duo deliver the Shipping Forecast Richard Fulford-Smith and Denis Petropoulos share their Christmas wish lists and New Year views.
Snow hits delivery of TradeWinds Icy weather disrupts flights but you can still read your favourite shipping newspaper on the internet.
U-Sea Bulk on acquisition trail Copenhagen listed bulker firm teams up with a partner in Singapore to acquire newbuildings.
Iranian insurer faces sanctions Iranian underwriter that came to the rescue of beleaguered national line is targeted by US.
K-sure backs Vale newbuildings Korean insurer is to provide export insurance for Vale's South Korean bulker newbuildings valued at $760m
Merger hits final hurdle Acergy and Subsea 7 may shed a couple of ships following UK competition complaint.
NSCSA scoops resales at SLS Saudi owner pays $86m for two more tankers at the South Korean yard.
Sea Ace stuck on Onahama beach Coastguard rescues 15 crew after Chinese bulker grounds off Japan's north east coast in heavy seas and strong winds.
NYK spree boosts open hatch fleet Seven vessels ordered at a cost approaching $400m for Saga Shipholding subsidiary at Daewoo and Oshima yards.
DP World scores Down Under Emirates port player pockets $1.5bn after selling 75% of its Australian business to Citi Infrastructure Investors.
Square eyed skipper faulted for crash Officers on Seanergy bulker criticised in Danish collision probe, but fishing boat skipper was also watching TV as smash occurred.
Green light for green ferry order Viking Line confirms deal for new super cruise ferry at STX after Finnish governments backs the deal with subsidy.
Yen bonus for Japanese yards Mitsui Shipbuilding boss tips Japanese yards to claw back ground lost to South Korea and China thanks to helpful yen and the price of local steel.
BP takes Seadrill newbuilding John Fredriksen-controlled offshore company secures a $140m charter for a new tender rig.
Noble joins jack-up party US drilling company books up to six rigs at Jurong Shipyard as order flow continues to grow.
Welcome back Rem PSV secures decent deal with Statoil only a few hours after returning to the spot market from a term deal.
Algoma seals four in China Canadian shipowner orders series of St Lawrence Seaway-sized dry bulkers at Nantong Mingde.
Keppel bags Jasper rig deal Singapore yard group grabs potential two rig deal from locally-listed offshore drilling company.
Hedland ore volumes dip Iron exports from the world's largest bulk exporting port down over 7.5% from previous month.
Aegean eyes Cape Verde Nikolas Tavlarios-led bunker player reveals strategic co-operation with Enacol to expand network
STX Finland and Viking Line signs newbuilding agreement The letter of intent, signed on October 25, 2010 by STX Finland Oy and Viking Line Abp regarding a 57,000 GT car and passenger ferry, has been turned into a
Finnish support for green vessels The Finnish Ministry of Transport and Communications has granted a total of EUR 30 million for vessel investments improving the level of environmental protection. In addition to EUR 28 million
Court says yes to new container port outside Stockholm The Swedish Environmental Court of Appeal says yes to Ports of Stockholm's application to build a new container port at Norvikudden in Nynäshamn. The Environmental Court of Appeal says the
Saga orders seven open-hatch carriers Norwegian Saga Shipholding, a wholly-owned subsidiary of NYK, has placed an order at South Korean Daewoo Shipbuilding & Marine Engineering for five 55,000 DWT open-hatch carriers for delivery between
Alfa Lava acquires Aalborg Industries Alfa Laval acquires Aalborg Industries Holding for SEK 5 billion. Aalborg Industries has 2,600 employees and is expected to generate sales of about SEK 3.3 billion in 2010. The
Dan-Bunkering expands Danish Dan'Bunkering will open a new office in Monaco and thereby expanding its activities to Southern Europe. The company already has offices in Denmark (Middelfart and Copenhagen), Kaliningrad, Shanghai
Vidar Shipping buys Bravaden The Finnish shipping company Vidar Shipping is going to buy the 15,000 DWT dry cargo vessel Bravaden from Bore. She will be operated by Vidar Shipping and enters service for
Crude rises as supplies drop more than forecast 'Prices could easily hit $100 by the end of the year based on this report,'says senior market strategist.
Fujairah bunker market firms Deliveries available for supply up to and including January 1/2 in Durban.
Bunker prices rise across Europe Sources say there are low avails of LS 180 cSt bunker material in Rotterdam.
LNG ferry-order confirmed Viking Line goes ahead with plans for LNG powered vessel.
MGO prices hit fresh highs for the year Demand mostly healthy on Wednesday, traders say.
Scrubber technology company 'poised for growth' Aalborg Industries to be acquired by Alfa Laval.
Dan-Bunkering expanding to Southern Europe Monaco office to commence operations in February 2011, company says.
Hong Kong faces tightening bunker supplies On replenishment delays and increasing demand for bunkers at the port.
Hin Leong eyes $6-8 billion 'green' refinery in Singapore The planned refinery will produce 'green' transportation fuels, sources told local media.
Shortage of bunker avails in Colombo 'Tight' avails of IFO 180 and MGO due to holiday season and cargo delays, traders say.
SinoBunker starts operations at Tianjin port Sold 600 mt of bonded bunkers to vessel at port on December 18.
Aegean to supply bunkers in Cape Verde Aegean will cover a range of 10 islands located off the coast of Western Africa.
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