Dry bulk market proves resilient, says Galbraith A NEW report has underlined the uncertainties facing the owners of dry bulk carriers over the next few years but the current market is proving more robust than many had expected.
India denies ban on Chinese firms in port biddings INDIA has no blanket restriction on Chinese companies bidding for port projects in the country, a maritime official said, following the failure of bids by Hong Kong's Hutchison Whampoa Ltd.
Sunken tanker found in upright position: Philippine coast guard A remote-operated probe yesterday found a sunken tanker in an upright position with little sign that it is continuing to leak oil that has tainted coastlines in the central Philippines, coast guard officials said.
Evergreen Marine posts loss of NT$1.16b in Q2
Daewoo gets 1.2t won rig order from Chevron unit
Admiralty Casebook
Removal of sunken ship a maritime contract A CONTRACT to remove a sunken vessel is a maritime contract, a US appeals court ruled recently, rejecting an argument that it was not of a maritime nature because it was an agreement involving a 'dead ship'.
Dry bulk market proves resilient, says Galbraith A NEW report has underlined the uncertainties facing the owners of dry bulk carriers over the next few years but the current market is proving more robust than many had expected.
India denies ban on Chinese firms in port biddings INDIA has no blanket restriction on Chinese companies bidding for port projects in the country, a maritime official said, following the failure of bids by Hong Kong's Hutchison Whampoa Ltd.
Sunken tanker found in upright position: Philippine coast guard A remote-operated probe yesterday found a sunken tanker in an upright position with little sign that it is continuing to leak oil that has tainted coastlines in the central Philippines, coast guard officials said.
Evergreen Marine posts loss of NT$1.16b in Q2
Daewoo gets 1.2t won rig order from Chevron unit
Admiralty Casebook
Removal of sunken ship a maritime contract A CONTRACT to remove a sunken vessel is a maritime contract, a US appeals court ruled recently, rejecting an argument that it was not of a maritime nature because it was an agreement involving a 'dead ship'.
Pullmantur deal fuels RCCL's drive into Europe CRUISE lines' drive into the European market continues with Royal Caribbean's move to buy Spain's largest cruise and tour operator in a deal worth '700m ($818m).
NCL stays tight-lipped over takeover speculation NORWEGIAN Cruise Line yesterday refused to comment on market rumours suggesting that a potential sale of the Miami company to MSC Cruises was being negotiated "behind closed doors" by parent Star Cruises.
US cruise growth hits slow patch in 2005 GROWTH in the US cruise industry slowed last year on the back of fewer newbuildings and weather conditions, according to the latest economic impact study by the International Council of Cruise Lines, writes Sandra Speares.
New project may see tankers carrying gas A UNIQUE solution for carrying liquefied gas has been developed by independent start-up SeaOne Maritime, which will convert three 150,000 dwt suezmax oil tankers into "compressed gas liquid carriers", writes Hugh O'Mahony.
Royal Caribbean takes Pullmantur MIAMI 31 August ' Royal Caribbean Cruises (RCCL) has dramatically expanded its European presence through the acquisition of Spanish operator Pullmantur, for euro700M ($898M).
Tropical cyclones punish ports TWO tropical cyclones continue to threaten North America with a re-strengthening Ernesto targeting North Carolina while a slightly weaker John heads for Cabo San Lucas
Russian tanker still held by Guinea "piracy" DETENTION of a Russian tanker and its 19-man crew at the port of Conakry, on the Guinean Republic's Atlantic coast, is continuing without sign of release
Qasim gets nod for LNG terminal PAKISTAN'S petroleum ministry has received approval to establish a multi-million-dollar LNG terminal at port Qasim
Zubair still closed after fatal crash THE Iraqi port of Al Zubair remains closed after a collision between two cargo ships this week left one seafarer dead, according to local news sources
Alianca strengthens cabotage service ALIANCA, the Brazilian subsidiary of Hamburg-S'd, this week launches its upgraded East Coast South America coastal and Brazilian cabotage service in Brazil, BR-Maritima
Tropical storm heading for Carolinas Tropical Storm Ernesto, with sustained winds of 70 mph, is expected to come ashore along the North and South Carolina coasts.
California Assembly passes container fee bill
Evergreen posts Q1 loss
Pilots ratify UPS deal
FedEx adds China flights
Export ABCs: Chambers of Commerce
Clarkson profit dives
Maersk restructures senior management of military logistics unit
Pyeongtaek to add three more berths South Korea's Ministry of Maritime Affairs and Fisheries has announced that the construction of three new 30,000DWT container berths at the port of Pyeongtaek will start tomorrow.
Evergreen: Another casualty of high costs and falling rates Taiwan's Evergreen Marine has seen its H1 net profit dragged down from last year's NT$6.16bn (US$187m) to NT$58.6m (US$1.78m) by higher costs and falling rates.
Yangtze experiences abnormal drought in tide season
Eurosal aims to build on its USEC rate success
Hapag plumps for slot charter on new Africa string
DFDS wins key boycott case Danish owner set to sue Swedish union for damages after Copenhagen court rules action was illegal.
'Godspeed' to chief engineer "The court wishes you well in your travels home," says a US federal judge despite prosecutors' calls for prison time.
Neorion crashes Speculation grows over EasyCruise orders after Greek yard sees last year's EUR 800m profit reduced to a EUR 70,000 loss.
Excel fixes panamax New York-listed Excel Maritime Carriers has won a $28,000 per day one-year charter for a panamax bulker.
CSE fighting to survive Canadian shipbuilder under bankruptcy protection after underestimating cost of building short-sea ships for Carisbrooke at Port Weller.
Eagle files shelf Sophocles Zoullas-led Eagle Bulk Shipping -- plus its equity sponsor -- has pre-registered up to to $300m in shares or bonds.
NYK bids to raise $470m Merrill Lynch preparing convertible bond issue to generate fresh funds for newbuildings.
Otapan fiasco heats up War of words builds to a crescendo as Turkey claims the Netherlands is obliged to recall chemical tanker but reports of an agreement are incorrect.
RCCL lands Pullmantur US cruiseship giant to spend $900m on Spanish operator's five vessels - and its debts.
Varna parent struggles again Bulgarian shipyard owner IHB watches profit drain away in first half.
New Frontline boss Bjorn Sjaastad has been appointed as managing director of Oslo based Frontline Management.
Taiwan Nav loses 19% Poor first quarter drags down result for half-year despite recent gains.
Rensen orders hulls Dutch shipbuilder using MNP Group yard in Russia for another two ship hulls.
Evergreen off colour Taiwanese boxship owner sees red as higher fuel costs and lower demand lead to second-quarter loss.
No thank you Wilson confirms Nesheim-led offer for company rejected.
Braemar heads to Brazil UK shipbroker forms new joint venture with Gilson Molinari's Thalassini shop to capitalise on growth potential.
Cruise passengers sick Twenty people admitted to hospital and another 80 taken ill in suspected food poisoning case.
Kazakhs eye new yard National tanker owner Kazmortransflot wants to build new facility in Mangistau.
Hapag opts for slots German owner to take space on MSC ships instead of own vessels for South African service.
Hamworthy seals more LNG deals UK marine equipment firm to supply reliquefaction plants to QatarGasIII gas carriers building at Hyundai.
TTS/Umoe Schat-Harding deal is off A deal in which TTS Marine should buy Umoe Schat-Harding from Umoe Industri is off because Umoe Industri does ...
RCCL buys Spanish Pullmantur Royal Cainnean Cruises (RCCL) pays a total of EUR 700 million for Spanish operator Pullmantur, Spain's largest cruise ship operator ...
Initiative on free green technology exchange Det Norske Vertas, Wilh. Wilhelmsen (WW) with Pacific Gas and Electric Company ' a US utility company ' have established Global Leadership ...
Florida bunkering resumes, North Carolina shut down Ernesto continuing to disrupt operations but suppliers quickly returning to business.
Cold ironing working group to be formed California inviting participation in new forum on ship emissions solutions.
Evergreen results caught in fuel cost pinch Taiwanese shipowner posting first quarterly loss in three years.
Marine lube buyers braced for double price rise With product and packaging prices set to rise again during September and October, lube buyers are urged to look at price rises in the context of broader economic growth.
Rotterdam market stable Thursday morning
Singapore: Residual fuel stocks drop to six-week low Onshore stocks of middle distillates inched up slightly in the week ended August 30.
Vessel leaks an estimated 1,300 mt of bunker fuel Area polluted by oil spill is smaller than previously expected, scientists say.
Kuwait to export low-sulphur fuel into East Asia A portion of LSFO exports could be used for bunkering demand in the East Asian region.
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