Hutchison ups stake in container ports The largest global port operator, Hutchison Whampoa Ltd, boosted its stake in Shenzhen and Hong Kong container ports, the world's third- and fourth-busiest, sending its stock 5 per cent higher.
Safety, trade interests clash over lithium batteries Some of the United States' top trading partners are aggressively fighting to stop the Obama administration from treating lithium batteries as hazardous cargo because they say that would disrupt international shipping and cost businesses hundreds of millions of dollars.
DryShips tanker deal draws more fire MORGAN Stanley analyst Ole Slorer today slashed his rating on DryShips shares from 'overweight' to 'underweight' and removed his price target on the stock
Frontline confirms VLCC sale-leaseback JOHN Fredriksen-led Frontline today disclosed the sale of its 2006-built VLCC Front Shanghai for $91.2M
Front Shanghai off to the Middle East? Frontline sells a VLCC and Gulf Navigation buys but neither owner is confirming the same ship is involved in the deals.
DFDS ro-pax declared total loss Danish operator lifts full-year profit prediction as insurers shell out nearly $100m to cover loss tied to doomed ro-pax Lisco Gloria.
DryShips under fire from bank analysts Morgan Stanley downgrades bulk carrier operator for overpaying for tanker diversification and voices concern about George Economou's conflicts of interest.
Fairstar fights in spot slug fest Dutch heavy owner's CEO says "mega cargoes" may look good on The Discovery Channel but calls return on investment "questionable".
Strikes paralyse Israel's ports Cargo handling at Haifa, Ashdod, and Eilat hit by open ended pay dispute.
Zim ship evades pirate seizure Containership master orders full speed ahead to prevent Indian Ocean hijacking.
Seadrill snares Seadragons Fredriksen-controlled drilling outfit picks up two semi-submerisble rig resales on order at Jurong Shipyard.
Chemoil captures US trader Singapore-listed bunker supplier takes on Tom Reilly as new CEO as Mike Bandy steps aside following $25m acquisition of US energy trader.
Gulf Nav swoops for VLCC Per Wistoft-led tanker owner in first major S&P deal of 2011 with acquisition of large crude carrier.
Frontline sells vessel ' and charters it back John Fredriksen controlled tanker operator Frontline has sold its 2006-built VLCC Front Shanghai for USD 91.24 million to an undisclosed buyer. Frontline has agreed to take back the
Lisco Gloria declared a total loss The burned out ro-pax ferry Lisco Gloria has now officially been declared a total loss. The underwriters have paid out an insurance sum to DFDS Lisco as the total
Thy Ferries inuagerates new service Thy Ferries Cargo A/S had six lorries and two trailers on the January 2 premiere sailing from Hanstholm to Kristiansand. Thy Ferries has chartered the ro-ro ferry Clare
Blida hijacked off Oman Det Algeria-flagged bulk carrier Blida, 20,586 DWT, has been hijacked some 150 nautical miles South East of Salalah, Oman, under a sailing from Salalah to Dar es Salaam, Tanzania
Seadrill secures drilling rig pair The offshore company Seadrill has acquired the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II, for a sum of USD 1.2 billion. The rigs are
Eitzen sells brokerage business Eitzen Maritime Services, EMS, has sold its insurance brokerage business, the company has thereby offloaded its entire ship management activities. EMS will now focus on ship supply and military business
WFS completes acquistion Purchase price for acquisition has not been disclosed.
Year end thoughts As the year draws to a close, one cannot help noticing the increase in the number of problem fuels all over the world.
Fujairah bunker prices rise Durban deliveries for MDO available.
Rotterdam bunker market firms Players unable to accommodate prompt deliveries in Piraeus.
Last chance to influence EU sulphur regulations Public consultation on key policy issues affecting marine fuel users and sellers closing on January 5.
Bandy keeps role as Chemoil chairman Appointment of new CEO in line with plans 'to put in place a strong leadership team to see Chemoil through a new era of growth'.
Upswing of bunker prices as year starts Lacklustre demand at key Asian bunker hubs, traders say.
Chemoil completes OceanConnect deal Michael Bandy formally replaced as CEO by OceanConnect's chief Thomas Reilly.
Seminar to focus on LNG opportunities in the Baltic and North Sea Addressed to ports, shipping sector and other relevant businesses, says organisers.
Vopak appoints new chairman Eelco Hoekstra succeeds John Paul Broeders as chairman of the executive board.
Roundup on shares of listed bunker firms in 2010 Aegean's shares weakened while WFS's stocks strengthened in 2010.
Shipping carbon emissions may triple by 2050 If no regulatory measures are put in place now, says senior fellow at Malaysian institute.
New superyacht to harness green energy Uses sun, wind and wave energy to cut greenhouse gas emissions.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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