Sale of French assault ships to Russia criticised Since a low-key Christmas Eve announcement of a French sale of assault ships to Russia, high-level government deal-makers have boasted about the multimillion euro deal like it was a soccer game triumph.
Cosco strengthens its presence in Turkey China Ocean Shipping (Group) Company (Cosco), China's largest shipping group, has been strengthening its foothold in Turkey since entering the market in 1996.
Novorossiysk profit up 12% to US$233m Russia's largest port operator Novorossiysk said net profit climbed 12 per cent in the first nine months of the year as lower finance costs offset a slight fall in revenue.
Crystal alleges pod fraud CRYSTAL Cruises has filed suit against Mermaid pod providers Rolls-Royce and Converteam just as a jury verdict in the long-running Carnival pod case nears
Pirates exceed 2009 attacks in 2010 NEW FIGURES from the IMB for 2010 today showed 436 reports of piracy and armed robbery, from 406 in 2009. in 2010
Beijing cuts rare earth shipment quota again CHINA has cut by 11.4% the quota of rare earth metals to be exported in bulkers during its first quota allocation for 2011
Floods hit coal, crops in Oz EXPORT supply chains for Australian coal are cut today and millions of dollars' worth of crops are lost because of floods inundating central and southern Queensland
Disaster triggers boom in Singapore's rig sector THE DEEPWATER Horizon disaster in the Gulf of Mexico seems to be triggering a boom for Singapore's oil rig builders
PNSC acquires bulker PNSC SAID it has acquired a 2004 Panamax bulker, and plans to buy up to three more before 30 June
Anglo signs ore port deal ANGLO-American said today it has agreed to pay $7.10 per tonne to load iron ore at Brazil's Acu port, north of Rio de Janeiro
DRYS rejects Cardiff connection DryShips CFO torpedoes reports tipping George Economou's Cardiff Marine as seller tied to $770m tanker transaction.
Norden in Geden 7 Up deal Danish operator cuts charter cost of handysize tankers by around half as it extends co-operation with Turkish owner.
Demolition total tumbles Bangladesh absence from the market takes it toll on scrap numbers but prices stay buoyant.
Germans poised to tango Bremerhaven shipyards move closer as MWB owner set to acquire 20% stake in Lloyd Werft held by Italians.
Sealink sips sales tonic Malaysian offshore syndicate poised to pocket $23m as yard unit offloads three offshore-support vessels.
China set for $300m order German joint venture closes in on order for pair of high-capacity wind farm installation vessels.
Somali pirates take 1,001 hostage Forty seven hijackings off Somalia so far this year led to huge hostage haul with over 600 still held, report claims.
Monsoon hits Aussie coal Force majeure declared at major Australian mines producing millions of tonnes of export coal.
New CFO for Ship Finance John Fredriksen-connected company appoints Orkla Finans head Eirik Eide as new money man.
Novoship escapes pirates Russian aframax spots suspects on Christmas Day after Indian bulker flees by firing back.
Ship sinks off Vietnam, 11 lost Search for more survivors from sunken Van Don 02 hampered by bad weather as 12 rescued.
Jobs lost at STX Finland Turku facility sees 180 axed with more likely at Rauma as work dries up at STX yards.
Anglo American in Brazil port deal Mining giant pours cash into joint venture iron ore terminal with Eike Battista with new 25-year deal.
Forex cut buoys NCSP bottom line Drop in foreign exchange items and cost reversals help Novorossiysk port to increased profit.
Genmar eyes fresh issue Peter Georgiopoulos-led tanker owner is looking to raise up to $500m according to SEC filing.
Norden signs 3-year deal with Vattenfall The Danish shipping company Norden has entered into a 3-year transport contract with Swedish state-owned energy group Vattenfall. Norden will transport some 600,000 tons of wood ships from
Bulk carrier hijacked off Oman The German-owned bulk carrier Ems River has been hijacked by pirates some 175 nautical miles North East of Salalah, Oman. The vessel was on a voyage from Jebel Ali
Marida Marguerite released The chemical and product tanker Marida Marguerite, 13,168 DWT, has been released after several months in the hands of pirates, reports EU Navfor. The German-owned ship was hijacked on
Muted activity in major markets Rotterdam and Hamburg remained quiet on Wednesday.
Region sees modest price moves IFO quotes resumed in Durban but only for January dates.
UN trade monitor says seaborne trade is showing signs of recovery But oversupply of tonnage leaves freight rates depressed.
Indian refiner sells 380 cSt parcel for February loading Western arbitrage volumes to East Asia expected to be 'tight' for the next two months.
J. Lauritzen to celebrate retiring bunker manager Peter O. Sorensen to retire after more than 40 years in the business.
Russia goes ahead with rise in fuel oil export duties Russian fuel oil prices on international markets likely to climb.
Russian port operator sees profits climb Revenue from services, including bunkering, down year-on-year.
Bunker prices see general rise at key ports Average demand for bunkers at main Asian ports.
Supplier ready for business at Sohar port Able to provide 380 cSt grade, MGO and LSMGO, says General Manager of Matrix Marine.
South Korean suppliers halt spot market offers Tight avails in Busan lift 380 cSt bunker prices to a two-year high.
Titan extends date of storage unit's notes subscription China StorageCo will 'cease to be a subsidiary of Titan' if Titan's investment unit fails to exercise its option before the expiration date.
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