Brazil invention enables ships to load in rain A Brazilian firm has invented a high-tech tarpaulin for bulk carrier ships to load during rain without putting their cargo at risk, potentially slashing turn-around times and shipping costs.
Shipping rates' 1st weekly rise in 2 months Commodity shipping rates measured by the Baltic Dry Index had their first weekly gain in almost two months on demand to ship grains from North America.
Shipping rallies against US bill A united coalition of shipping groups is urgently lobbying against the proposed Fairness in Admiralty and Maritime Law Act
Montreal port lockout ends LONGSHOREMEN in Montreal have voted to return to work Saturday morning under an agreement reached between their union and the Maritime Employers Association
MSC Cruises order at last signed MSC CRUISES has finalised its long-delayed order for a new 1,751-cabin vessel from STX France's Saint Nazaire yard, for a reported $575M
LA-LB labour talks stall TALKS have reportedly stalled in Los Angeles and Long Beach between box shipping workers and employers
Counterfeit goods into EU fall THE EC has found that the volume of counterfeit goods seized in the EU fell by more than 40% last year, IHS Global Insight reported today
Iran fuel imports said diverted SEVERAL fuel shipments are reportedly being redirected away from Iranian ports, in reaction to US trade sanctions and more such measures expected next week from the EU
Poole unveils port plan POOLE harbour commissioners in southern England have drawn up a £20M ($28M) long-term development plan, including a cruise ship mooring system
Should ocean carriers be submitted to banker-style stress tests? As the northern hemisphere begins its annual pilgrimage to the beaches and countryside, spare a thought for 91 examination candidates that have delayed their vacation plans ahead of the results of stress tests to be published later today.
Cal Dive rejigs credit facility Texas-based offshore outfit bags breathing room as banks give green light to amend $300m credit facility.
Petredec fixes LPG pair Bermuda-based LPG player heats up gas game as brokers shed light on chartering chatter.
Irving yard deal dubbed a 'steal' Canadian shipbuilder dips into piggy bank as Nova Scotia facility sells for $0.96.
Trafigura labels ruling 'incorrect' Trafigura looks set to appeal guilty charges from Dutch court over 2006 Probo Koala dumping saga.
Traditional bank lending is back Ship finance is becoming more normalised as traditional values return, says Michael Bodouroglou.
No 'siesta' at Marine Subsea Norwegian owner pockets $1.1m as offshore assignment wraps-up in Spain.
Beluga boosted by Oaktree cash German heavy lift owner plots newbuilding spree after welcoming US investment company on board.
Trafigura guilty of waste export Master of ex-Probo Koala given suspended jail term as Dutch court finds Swiss firm guilty of illegally exporting toxic waste.
Horizon Lines beats the street Chuck Raymond-led liner outfit back in the black as second-quarter profits trump Wall Street estimates
Quotes of the week Nobu Su probably got the hump back in Taiwan as A Whale idea harpooned and who is gunning for revolvers?
MISC all go for shipyard IPO Malaysian owner firms up plans to list its shipbuilding division in its homeland.
Trada bags Chinese FSO deal Indonesian owner to pocket $112m over eight years from CNOOC.
Thoresen buys supramax Thai shipowner snaps up brand new bulker from Greece's Meadway Shipping in $34.5m deal.
Troll tonic for Havila Shipping Njal Saevik-led owner sees Havila Troll asset play lift its second quarter numbers.
New5 in Numb3rs Fred Cheng sells VLCC fleet at a knock-down price while Hosco gets back on the newbuilding horse.
Crewman killed by fumes Norwegian cargoship Icelandica Hav was detained in Aberdeen in June following Russian's death, it emerges.
Golden hello for new CFO Birgitte John Fredriksen's bulk carrier company hands out share options as new finance chief walks through the door.
Zeeland zooms to higher volumes Dutch terminals operator posts 25% jump in cargoes in first six months.
Spill spur for Seacor Holdings US offshore outfit pushes up second quarter profit as Deepwater Horizon clean-up keeps it busy.
TransAtlantic saved by tax Swedish owner piles on sales in second quarter but only avoids loss with huge tax break.
FSL Trust files Daxin writ Shipping trust set to claim for damages resulting from arrest of MR tankers in Japan and China.
New face at Latvian Shipping Finaval director Paul Thomas joins Riga tanker owner's management board for five-year term.
Pirates hit cape off Singapore Armed men board Cyprus Maritime bulker in early morning raid northeast of Horsburgh Lighthouse.
Dover sell-off delayed New UK shipping minister asks port to publish more information about controversial privatisation plan.
SGX eyes box swaps Singapore Exchange to offer over-the-counter container swaps clearing from August
Dockwise loses on Enterprise sale Andre Goedee-led heavy-lift player takes hit on sale of unit for conversion to floating power plant.
Colombo founds new yard Sri Lankan shipbuilder eases congestion at main site by building ferry upriver.
Ezion seals second base Singapore offshore player set to open second Australian marine supply base to target oil and gas sector.
NITC: Lia not under charter Iranian owner denies any connection to tanker whose owner reportedly refused to discharge in Iran.
PST keeps its powder dry PIL-backed shipping trust continues to build up its cash pile as it eyes additional acquisitions.
Boskalis hits the right note Dutch dredger owner's $450m bond sale "significantly oversubscribed."
Crude keeps bunker markets guessing Most major ports ending the week higher.
Engine upgrade exceeds expectation onboard Deadliest Catch vessel Diesel exhaust sees a reduction of 35% while fuel economy improves by 9 percent.
Bunkers see late-week gains Little action until a temporary surge by crude oil futures.
The world's most environmentally friendly military vessel Green future for US Navy as it welcomes boat that runs on 100 percent biodiesel, has 100 percent shorepower capability, and has zero discharge.
Double-digit gains in Rotterdam, Hamburg Prices up following latest crude oil rally.
KPI Bridge Oil Singapore moves to accommodate expansion Says the company has outgrown previous facilities and plans to further expand trading teams over the coming months.
Fujairah prices end week on firm note Some players report barge congestion in Fujairah until July 27.
New product terminal 'to make Cyprus regional oil trading hub' VTTI terminal set for completion in 2012 to provide storage for gasoline, diesel, jet fuel and fuel oil.
New English Channel bunkering station to launch in September Anchorage location near major shipping lanes could rival major supply centres says Cockett, aiming for annual sales above a million tonnes.
Vitol on course to buy African downstream businesses from Shell In exclusive talks to buy businesses including marine fuel sales in 19 countries, South African assets excluded from deal.
August start for Southernpec's Singapore operations Will use two 4,600 dwt bunker barges to deliver 380 cSt fuel.
Week ends with steep climb in bunker prices Demand at all major Asian ports down due to high prices, traders say.
BP ex-staff express 'shock and disappointment' about legal action Reasons behind departure will 'no doubt' to be fully defended, says spokeswoman for defendants.
Fuels programme at Port of Seattle a success Incentives given to vessels that use low-sulphur fuels or shore power while berthed.
BP reveals evidence against former Singapore staff Mass departure of staff 'engineered' by its former global trading head and ex-legal manager, claims BP.
Matrix Bharat starts Kochi service Supplier has commenced bunkering operations, partnering with BPCL to provide bonded 380 cSt grade.
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