Panamax rates to fall further Freight rates for panamax bulk carriers on key Asian routes are expected to fall to fresh 2010 lows next week as heavy rains disrupt coal operations and dampen vessel demand in Australia, shipbrokers said yesterday.
Baltic index falls to near five-month low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in almost five months on Wednesday as weather disruptions continue to hamper activity.
DryShips unveils tanker spree GEORGE Economou-led DryShips has revealed a sweeping shift in strategy through the purchase of a dozen tanker newbuilds for $770M
Carnival responds to alerts CARNIVAL Cruise Lines told Fairplay today that it is taking steps to ensure that the just-revealed failure of Carnival Splendor's carbon dioxide firefighting system will not recur
Diana's venture heading to NASDAQ DIANA Shipping revealed today it will partly spin off its Diana Containerships joint venture, which is expected to debut on NASDAQ in mid-January
Chile licenses port plan BRAZIL'S EBX has received a construction license from Chile's government to build a $300M port to handle iron ore, coal, copper, ash and other bulk cargoes
Lakes ballast move hailed WISCONSIN'S decision to accept IMO ballast standards leaves shipowners in a situation of one state down, two states to go
Fredriksen to splash out? RESOLUTIONS are popular this time of year, but how's this: John Fredriksen has reportedly vowed to invest at least half of his vast fortune in tankers
Splendor inquiry stirs alerts THE US Coast Guard has issued two urgent safety alerts after finding that a key Carnival Splendor firefighting system failed during its 8 November engine-room blaze
Diana box spin-off Nasdaq bound New York-listed bulker owner to spin-off its boxship venture with a separate stock listing across town.
No sale, says Vopak Holland's Vopak is staying in the Bahamas after partner First Reserve sold out of tank terminal Borco.
NOL nets $926m newbuilding loan Ron Widdows-led owner scores financing to cover almost 80% of the dozen ships it penned this summer.
Steamship Mutual joins the 'A' team The Steamship Mutual protection and indemnity club has been promoted to the A team by Standard & Poor's.
West Coast yard union New York-listed Todd Shipyards Corp is to be taken private in a $130m bid by competitor Vigor Industrial.
Positive outlook boosts Clarksons Upbeat trading statement drives top shipbroker's stock price 4% higher.
Banks give Genmar breathing space Norwegian bankers have loosened the strings for New York's General Maritime Corp.
Snow hits delivery of TradeWinds Icy weather disrupts flights but you can still read your favourite shipping newspaper on the internet.
Evergreen plays white knight Troubled Swee Joo is getting a helping hand from major customer Evergreen Marine Malaysia.
Volstad back at Bergen for CSV Finn Syversen-led owner pens its sixth newbuilding at Norwegian yard with the potential to make it seven.
Odfjell bags a brace at SLS Oslo-listed owner grabs two chemical tankers chopped by rival Gulf Navigation at SLS in Korea.
Waste scare over nuclear cargo ship Danish vessel completes sensitive voyage with spent reactor fuel only to be hit by waste trouble of a very different kind.
DryShips hatches buy-back plan Nasdaq-listed bulker owner earmarks $25m to spend on shares in its drilling arm, Ocean Rig.
Gas scare holds up handysized bulker German controlled vessel forced to abandon voyage at Lake Erie anchorage after toxic gas incident.
Statoil takes Havila newbuilding Njal Saevik-led offshore owner secures new contracts for two PSVs, including one nearing completion at Fjellstrand.
Second attack off Singapore A tug and barge have been attacked by a group of men in carbon copy of an incident two weeks ago.
Neptune Marine looks for $80m Struggling Australian oil and gas contractor has announced a heavily discounted rights issue.
Trafigura's profit takes a tumble Top commodities trader said to have suffered a 20% drop in profits this year as oil trading hit.
Carnival reports improved Q4 results 'All-in-all, 2010 was an encouraging year with improved business trends from a gradually recovering economy'.
US to hold refiners responsible for emissions Environmental Protection Agency releases information on plan to establish greenhouse gas pollution standards.
Fujairah bunker market stable Some suppliers quoting on enquiry only in Durban.
European Bunker market mixed Suppliers in a position to serve prompt requirements in Piraeus.
Bunker tanker will finally reach Jeddah next week IBCO's hijacked tanker heading to Saudi port nine months behind schedule.
Bunkers boost scrap price Bulker has 800 mt of bunkers on board.
Fuel oil stocks dip Brightoil Petroleum continues heavy buying of physical cargoes.
General fall in IFO prices at key ports Demand for bunkers below average at key Asian ports.
EU releases study on shipping emissions Study highlights using technology to save fuel and increase efficiency.
Petroval Bunker buyout completed Baltic Oil Terminal raises $6.3 million from a share placement to partly finance the acquisition.
New owner of Caribbean oil terminal eyes bunkering Opportunity to 'further increase' and 'optimise' bunkering revenues, says Buckeye.
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