Capesize lease rates seen rebounding in Q4 Profits in the commodity shipping market may go up soon as a rebound in steel and iron-ore prices signal improving Chinese demand that will ease the transport glut.
Oil spill off Dalian port cleaned up Nearly 8,000 workers and hundreds of fishing boats have managed to clean up the oil spill off the major northern Chinese port of Dalian, nine days after a pipeline blast leaked 1,500 tonnes of heavy crude into the sea.
Iran will react swiftly to craft inspections Iran will react swiftly if its commercial shipping or aviation are subjected to inspection, President Mahmoud Ahmadinejad warned on Sunday.
Stronger box sector seen THE WORST of the container ship supply surge is now "in the rearview mirror" as demand continues to strengthen, Credit Suisse analyst Gregory Lewis said today
Bahamas cuts flag fees THE BAHAMAS register has announced that it will waive registration fees for new vessels for one year, from 1 August
EU sanctions target IRISL EU FOREIGN ministers today singled out IRISL for specific treatment under new sanctions adopted today to press Iran over its nuclear ambitions
Cruise passenger killed A WOMAN has reportedly been killed and another passenger critically injured in the collapse of a gangway from MSC Splendida in Genoa
NCL extends its losses NORWEGIAN Cruise Line today reported losses for its latest quarter, as negative currency effects once again overwhelmed improved operating results
Pioneering law panel heads to UK AN INNOVATIVE maritime dispute resolution panel based in Spain is moving to London, bolstering London's efforts to retain its status as the global centre of dispute resolutions
Seychelles sentences pirates SEYCHELLES has reportedly completed its first prosecution and conviction of Somali pirates
Bank abandons Russian yard pact Battle for bite of Russian LNG newbuilding deal heats up as Vyborg Shipyard's expansion plan hits the bricks, sources say.
Safe Bulkers buys again Polys Hajioannou-led owner pens panamax newbuilding in China at a "favourable price".
Princess bruised by 'royal pain' Passionate passengers launch verbal assault on Caribbean cruise as technical trouble cripples ship.
Polarcus seals 3D deal Oslo-listed owner clinches North Sea contract as Norwegian gas bureau rubber stamps second 3D survey.
Seychelles jails Somali pirates Eleven suspects sent down for 10 years each as Indian Ocean nation takes tough stance against piracy.
Cecon dodges tenth bond bullet Terje Tellefsen-led offshore owner bags bank blessing as bond bill lands on backburner in the wake of Davie newbuilding battle.
Navios Partners tops bets Bulker owner's second quarter bottom line races up thanks to its larger fleet.
No cape fear yet for Clarksons Martin Stopford says now is not the time to panic about falling capesize rates.
Greek tied to Sanko ship Embiricos touted as the buyer of $21m Sanko Steamship aframax tanker.
Deadly gangway collapse in Genoa Passenger dies after 30ft plunge from walkway as she boarded MSC vessel at Italian port.
Underwriters join Genco party Peter Georgiopoulos'led Genco looking good for $182.5m haul after underwriters take up options on notes.
Boustead hit with $3m writ Client Maraputra comes knocking with claim against naval subsidiary of Malaysian shipbuilder.
Dividend cut at FSL Trust Shipping trust reduces second quarter payout by one-third as it sinks to a loss due to cancelled charters.
Polembros scraps capesize Weak dry freight rates prompt another capesize bulker to head for the scrapping beaches in India.
Fesco in $900m terminal sale Russian shipowner sells off its half of St Petersburg terminal operator National Container Co.
$50m Petrobras score for Subsea 7 Norwegian offshore player bags five-year ROV deal off Brazil.
BP crewman saved off US USCG rushes to aid of crew member suffering chest pains onboard suezmax Alaskan Explorer.
Mercator sees profits rise Indian shipowner's Singapore spin-off benefits from increases in both capacity and freight rates.
Dalian back in action Port operator says two of its three crude oil terminal berths are back in service following explosion.
Markets weaken in the north NYMEX showing gains in early trading.
Prices show small movements NYMEX showing some gains in early trading.
Slow-steaming 'slower than sail' Environmentalists call for long-term commitment to fuel saving through speed reduction.
Study finds shortcomings in chemical screening method Viswa Lab presents comparison between headspace GC-MS versus direct liquid injection test methods on heavy fuel oil samples.
Resignations at MF Global's UK-based fuel oil swaps desk Company says London desk 'still operating'.
APL readies five ships for cold ironing Retrofits move company closer to 'clean-air breakthrough' at its Oakland, California terminal.
Andatee in new move to expand its presence in northern China Bunker supplier signs agreement with fuel oil player in Tianjin.
P&I Club urges vigilance during fuel and oil transfers 'Eye in the sky' increases likelihood of vessels being investigated for maritime pollution offences.
IFO prices fall at start of week Supplies at key Asian ports mostly average.
FSL Trust reports loss of $6.1 million in Q2 Due to the re-delivery of two vessels, Nika I and Verona I.
Sinopec Singapore expands with new office To meet demand for 'increased' businesses.
Tank design critical in controlling microbial contamination Reducing exposure of fuel to water a key element, research paper points out.
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