Rickmers bags extension on ship's charter Chilean carrier Compañía Sudamericana de Vapores (CSAV) has declared its option to extend the charter of MV Kaethe C Rickmers for an additional 12 months, Rickmers Trust Management (RTM), the trustee-manager of Rickmers Maritime, announced yesterday.
DryShips to buy 12 tankers for US$770m DryShips Inc, a Greek owner of deep-water drilling rigs and vessels that haul iron ore and coal, says it has agreed to purchase 12 tankers for US$770 million from a Korean shipyard.
Heavy rains seen dampening freight rates Freight rates for panamax bulk carriers on key Asian routes are expected to fall to fresh 2010 lows this week as heavy rains disrupt coal operations and dampen vessel demand in Australia, shipbrokers said last Thursday.
Sevmash appeals Arkhangelsk ruling The Russian state-owned shipyard Sevmash has appealed the recent ruling by the state commercial court in Russian Arkhangelsk, which approved Odfjell's application concerning the "recognition and enforcement" of the
Rederi Ab Fakir buys tugs The Turku-based shipping company Rederi Ab Fakir has bought the tugs Kari and Aulis from Neste Shipping Oy. The Kari will be renamed Artemis and the Aulis will be
Dual-fuel engines increase in popularity Dual-fuel engines seen as beneficial as it offers the benefits of decreasing noxious gas emissions, as well as having economical advantages.
Greater push for short sea shipping in 2011 European Commission backs a blue belt area that will focus on avoiding competitive distortions.
Fujairah bunker market firms Most suppliers in Durban quoting on enquiry for the time being.
Bunker prices stable in Rotterdam and Hamburg Some suppliers are able to serve prompt deliveries.
Fuel saving remains an imperative, says Maersk Customers 'will ask for us to be more environmentally friendly.'
No plans by OPEC to intervene as oil prices rise Crude oil remains close to two-year high; some analysts predict $100 a barrel 'soon'.
Ship suffers fire during switch to low sulphur fuel Reports say burner-management system damaged.
IFO prices firming at key ports Players at key Asian ports see below average demand for bunkers.
Singapore bunker prices at year highs Singapore players say shipowners lifting bunkers elsewhere.
Japan's Mitsubishi eyes oil storage facility in Fujairah The company considers Fujairah's strategic location a potential site for its storage business.
Sinopec Zhoushan bunker sales volume to break 100,000 mt Company post 80,000 mt increase of bunker sales in November.
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