Deeper canals help boost Brazil's sea port capacity Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.
Strait Talk
A year of mixed fortunes SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.
Shipping Times
US deregulation leader Alfred E Kahn dies Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.
Deeper canals help boost Brazil's sea port capacity Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.
Strait Talk
A year of mixed fortunes SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.
Shipping Times
US deregulation leader Alfred E Kahn dies Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.
Deeper canals help boost Brazil's sea port capacity Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
Debt-laden Vinashin cleared to take state loans at no interest Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.
Strait Talk
A year of mixed fortunes SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.
Shipping Times
US deregulation leader Alfred E Kahn dies Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
Railway linking Incheon airport to central Seoul finally opens South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.
TBS grace period extended EMBATTLED bulker and tweendecker owner TBS International has secured yet another forebearance extension from its bank group, until 31 January 2011
Marida Marguerite ordeal ends SOMALI pirates have finally released the German products tanker Marida Marguerite, whose crewmembers had been captive for nearly eight months
Blizzard buries NY-NJ terminals CONTAINER terminals of the Port of New York & New Jersey are digging out from an intense blizzard, which closed some operations for at least two days
Investors wary of DryShips tanker plan THE game-changing decision by DryShips to enter the tanker arena has spooked investors, who have initially punished the NASDAQ-listed stock
StealthGas scores newbuild funding LPG specialist StealthGas has announced five new charters, financing success for its newbuild programme and the departure of its chief financial officer
Texas-sized kickback scheme rocks Houston Feds charge former Lyondell chartering boss split $55m with Marc Rich-tied traders on Venezuelan crude cargoes.
StealthGas CFO quits Andrew Simmons not renewing contract as finance chief of Harry Vafias-led LPG ship owner.
Bajpaee named top boss at BSM Bernhard Schulte Shipmanagement ushers in 2011 with new chief as Andreas Droussiotis relinquishes CEO crown.
Eitzen avoids pirate hit Norwegian owner's Sigloo Star survives attention of pirates near IRTC as navy helicopter swoops.
Lloyd Fonds in $30m splash Torsten Teichert-led finance house invests in two boxships as it targets vessels previously on its books.
BW Gas bags holiday cheer Norwegian shipping cartel seals one-year fixture for 1993-built LPG carrier, brokers say.
Ems River falls to pirates Citadel no defence for crew of German ship off Somalia as pirates finally take control.
Seatrade scraps ageing reefer Dutch owner nets $3.3m after selling Spring Tiger to be cut up in India.
Boyden has DRYS funding fears Cantor Fitzgerald analyst questions how George Economou's listed firm will find the cash for its tanker foray.
Marida Marguerite free at last German tanker and 22 crew make it to safe waters after pirates finish counting $5.5m ransom.
Seafarer dies after fire off UK Crew member dies in hospital after being lifted from a Turkish ship off the UK suffering from smoke inhalation.
Pirate hunters bite bullet South African police sting unveils cache of arms destined for Somalia in fight against piracy.
Vinashin gets a helping hand Vietnam coughs up cash to help ailing state-owned shipbuilder pay its wage bill.
TBS International wins more time Nasdaq-listed shipowner will only repay interest on troublesome loans while it works to reset repayment schedule.
NCL ship in Cape Fear drama Coastguards rush to aid of ill passenger onboard cruiseship Norwegian Star off Cape Fear River.
CSAV extends RMT ship Chilean shipowner exercises twelve month charter option on boxship at almost three times the rate.
LA volumes head lower Figures still up on 2009, but container throughput down for third consecutive month from August high.
Odense newbuilding moves to Korsør Odense Steel Shipyard has been forced to move its surplus newbuilding to a lay-up berth at Korsør on the isle of Sjælland. The newbuilding ' hull no. 222 ' has been
Cleantec will leave the repair yard in mid January The repair of the Chinese-owned bulk carrier Cleantec at Fayard is following the schedule. The vessel has been high and dry since December 21 and will be redelivered to
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