Minimum wage for crew plan raises concern The Asian Shipowners' Forum (ASF) Seafarers Committee has expressed concern at a proposal by the International Transport Workers' Federation (ITF) to set minimum wages for crew of national flag vessels.
Supertankers face stretch of low rates Supertanker owners are facing the longest stretch of unprofitable rates in 17 years as the supply of new vessels increases nine times faster than demand for oil.
Shipbuilding firm STX Europe wins big order Shipbuilding company STX Europe announced yesterday a big order for a giant cruise ferry which will keep activity alive in a Finnish yard with an empty order book by providing work for about 2,600 people.
RZD to be forced to relinquish control of freight subsidiary PGK Russia's deputy transport minister Andrey Nedosekov has said that Russian Railways (RZD) has to sell 75% minus one share of its freight subsidiary PGK. Word so far had been that RZ...
Pearl River delta ports closed by typhoon Megi The southern Chinese ports of Shenzhen and Zhuhai were closed for safety reasons last week, and port operations in Hong Kong were curtailed, in preparation for typhoon Megi hitting...
Inland waterway barge rams ferry near Amsterdam An inland waterway freighter from Duisburg rammed and overturned a passenger ferry near Amsterdam on Friday. Shipping in the sector of the 72 km Amsterdam-Rhine Canal affected was ...
Largest Turkish freight village opens in Ankara Turkey's largest freight village, in the capital city Ankara, started operations in mid-October. The official opening of the Ankara Logistics Base was attended by several dignitari...
UPS reports strong growth in Q3 The US express parcels and logistics service provider UPS improved its global revenues from USD 11.15 to 12.19 billion in the third quarter of 2010, a 9.3% rise over the like-for-l...
Vanguard Logistics Services opens third Mexico office Vanguard Logistics Services has opened a third branch in Mexico, in the city of Queretaro. Vanguard entered the market in 2007 by opening an office in Mexico City and an operationa...
Doldrums seen for oil demand TODAY'S Centre for Global Energy Studies outlook on oil demand offered little hope for battered tanker owners
Fos strikers again block depot STRIKING port authority workers from the Fos oil terminal in Marseilles helped block a key fuel depot this morning, as the strike entered its fourth week
NCL buoys German orderbook NORWEGIAN Cruise Line today confirmed a two-ship order at Meyer Werft that has been rumoured since September
DPW 'on track' as volumes rise DUBAI Ports World said today that it expects to meet expectations for its final results after posting a 14% year-on-year rise in box volumes for the third quarter
USS Laboon stops pirates A US WARSHIP has disrupted attacks by pirates on two vessels in the Gulf of Aden, but there were no arrests, NATO told Fairplay today
Science ship officer faces jail THE CHIEF engineer of the US-flagged research vessel Laurence M Gould faces half a decade in jail for lying to the US Coast Guard
Where job mobility thrives A REPORT has indicated that shipbrokers and charter managers ' especially in Singapore ' can expect great job mobility, even in today's tight economic times
'Hijacked' Beluga Fortune free Pirates flee Beluga Fortune on seeing NATO warship close in as crew emerge unscathed from citadel.
Iron fuels Foremost fixtures US bulker owner seals series of time charters with Wuhan Iron & Steel Co, brokers claim.
Horizon boosts box bid New York-listed liner operator eyes fresh containers as it gears up for service surge in Guam and China.
Chandris wing cleans house Diversified Greek owner's Egyptian affiliate sends last single-huller to the chopping block.
NCL signs $1.2bn Meyer Werft deal Papenburg yard gets its eighth and ninth newbuildings from notably loyal customer.
Guam grabs $100m in US grants Port of Guam seals another US government-backed cash injection as Pacific island braces for troop build-up.
Seaboard sister sails south US liner operator beefs up South American service as freshly minted multi-purpose boxship hits the water.
Evergreen adds to box profit Taiwanese containership giant unveils nine-month gain after finally stopping the rot in 2010.
CSDC strong in the third quarter China Shipping unit predicts sharp rise in full-year profit after an improved Q3 showing.
Fugro to feast on Petrobras pie Dutch contractor joins Farstad and Greatship in ten-year subsea pact with Brazilian energy giant.
Bulker and cargoship collide Amur Shipping vessel damaged by Chinese ship in accident at Shanghai.
Guilty Maersk fined in UK Dane pleads guilty after being hit with nine charges over fatigued crew of boxship Maersk Patras.
Tidewater fires profit warning Offshore giant warns its second quarter bottom line will lag Wall Street forecasts.
Hope for 'hijacked' Beluga Fortune? Royal Navy warship steams towards seized German ship in hope 16 crew are locked in citadel.
BW Maritime sells its oldest VLCC Andreas Sohmen-Pao-led company offloads 1993-built tanker a month after it was first marketed for sale.
Navibulgar again buys Chinese ships Four handysized bulk carriers to be built by the Shanhaiguan yard are set to go to Navigation Maritime Bulgare in $112m deal.
Azra-S back in business Turkish tanker refloated after being forced aground in storm off St Kitts.
Slump kills newbuild appetite Tanker newbuilding orders drop to five-month low as rates linger at below breakeven levels, broker says.
Ro-ro and tanker collide German and Swiss vessels damaged in incident while passing in Kiel Canal.
USCG monitors grounded barges Vessels taking on water after tug pushing them went aground in St Lawrence.
Viking deal offers a lifeline to Turku A $340m cruise ferry order at STX Finland promises to lift some of the gloom surrounding the nation's shipbuilding sector.
First tips Frontline loss in Q4 John Fredriksen-controlled tanker titan expected to slide into the red in the fourth quarter in weak market, First Securities says.
Bugs found on Vietnamese ship Vinashin general cargo vessel decontaminated in Russia after live beetles spotted in pantry.
Outlook brighter for IHI Japanese shipbuilder increases profit forecast for first six months despite revising revenue downwards.
Guangzhou profit up as sales fall Chinese shipyard boosts bottom line in third quarter despite delivery delays hammering revenues.
Crewman killed by wave Ukrainian seafarer battered against Estonian cargoship while heaving anchor off Russia.
Farstad pens Petrobras pact Oslo-listed owner secures near $60m subsea deal for Far Scotia off Brazil.
Cochin catches coast guard order Indian yard to deliver 20 patrol ships worth $338m in 2012.
Mermaid to make PSV splash Australian offshore vessel owner looking to raise $30m in share sale to spend on PSVs.
Mercator snaps up bulker Shalabh Mittal-led shipowner acquires 1994-built panamax. Arranges three year bareboat charter.
Havfrakt grounds off Norway First refloating attempt fails after Faroese cargoship gets stuck in Gisundet.
Pirates hijack second Beluga ship German owner sees Beluga Fortune snatched deep in Somali Basin two years after BBC Trinidad seized.
Dockers hurt in chemical leak Three workers hospitalised after xylenol escapes from containers on APL Sweden at Los Angeles.
Ill master rescued from tanker Ukrainian captain suffered acute renal failure on Zodiac's St James Park 150 miles off South Africa.
CMA CGM in Vietnam stop French liner group to add direct call on one of its Asia 'Europe services effective next month.
DP World handles 14% more Dubai ports giant posts better third quarter cargo figures as activity picks up further.
Launch in Karlskrona The RSS Swordsman has been launched in Karlskrona. This is the second of two Swedish submarines of the V'sterg'tland class, bought by Singapore. The vessel was launched and given its
Farstad secures NOK 335 million deal The Norwegian offshore specialist Farstad Offshore has secured a five-year charter for its PSV Far Scotia with Brasilian Petrobras. The contract is worth NOK 335 million (EUR 41.5
Viking Line contracts newbuilding from STX Viking Line Abp and STX Finland Oy have signed a letter of intent for the construction of a 210 metres long, 57,000 GT car and passenger ferry for delivery in
LPG-tanker hijacked off Kenya Last weekend the LPG tanker York was hijacked 50 nautical miles East from Mombasa, Kenya, EU Navfor reports. The vessel was en route from Mombasa to the Seychelles when it
Sustainable Shipping conference a resounding success Change in attitude by industry as they work on key issues to reduce shipping's environmental footprint, event comes into its own.
Bunker prices firm in north European hubs Quiet market in Rotterdam.
Fujairah prices sees strong gains Double-digit price rise for 380 cSt product.
Offshore volumes 'falling' Asia demand helping draw down Iranian stocks.
Container shipping company hit by fuel costs Horizon's third quarter results 'fall short' of company's expectations.
New port to open within weeks Hambantota port project 'ahead of schedule'.
Bunkering operations still disrupted Situation remains difficult at Fos-Lavera.
Plan to build world's 'most environmentally friendly ferry' 'The goal is to use LNG as the fuel," says STX Finland.
Bunker prices firming as week opens Mixed demand at Asia's key bunker hubs, according to traders.
Bunker operations resume at Hong Kong, Chinese and Taiwanese ports No reports of serious damage at Hong Kong, Chinese and Taiwanese ports.
Separate standards for 'alternative' bunkers Shipping industry may see new, separate standards for bio-diesel and LNG, says fuel testing agency.
APL to use low sulphur bunkers in New York Harbor Port authority to reimburse 50% of the added cost, company says.
ISO 8217:2010 take-up 'limited' Majority of players expected to take up the new specification in 12 months.
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