Asian demand, port congestion seen boosting dry bulk shippers Dry bulk shippers' record run is set to continue for at least another year, helped by China's insatiable appetite for iron ore and coal, and port congestion in Brazil and Australia.
USCG failed to warn Cosco Busan The Coast Guard Vessel Traffic Service (VTS) knew the Cosco Busan was close to hitting the Oakland Bay Bridge, but did not warn the ship, the National Transport Safety Board said yesterday
More Kerch storms as costs rise SEVERE storm conditions in the Kerch Strait were likely to continue today and possibly tomorrow, according to the Russian state weather centre
Tough action planned after Black Sea spills A CLEAN-UP is in hand on the Black Sea coast after one of the area's fiercest storms in 30 years left at least eight mariners dead, five ships sunk and a tanker broken in two
Star slapped by currency STAR Cruises' income fell by nearly $80M as currency translations took a heavy toll, but Norwegian Cruise Line's outlook is brightening, trhird-quarter results indicate
Staff shortage blamed for P&I rises STAFF shortages both at sea and onshore has led to the sudden explosion in P&I rates, according to one P&I executive
Cruising embraces fuel fees BOTH Norwegian Cruise Line and Royal Caribbean Cruises Ltd have unveiled new fuel surcharges, as this cost-recovery strategy goes industry-wide
Marad's Connaughton says U.S. could develop national maritime strategy Marad chief says Washington may develop a new national port strategy to ease congestion at major gateway ports.
Customs moves on GTX
U.S., China to meet on C-TPAT
Canada to loosen rules for port investment
Rail strike piles up boxes at Hamburg port
FedEx cuts financial outlook on soaring fuel costs
Portland boxes decline
CMA CGM pulls IPO for boxship subsidiary
Nova Scotia terminal attracts first nation investment
Are ocean carriers' 2008 business plans under threat from spiralling costs? The Far Eastern Freight Conference (FEFC), the New World Alliance (NWA), the Transpacific Stabilisation Agreement (TSA), in fact almost every conference discussion group and ocean carrier is singing from the same hymn sheet: spiralling costs are threatening carrier viability they cry.
China Shipping is expanding
OOCL upgrades its KTX-1 Intra-Asia loop
Will China's apparel supply chain become uncompetitive?
HMM steams ahead
Hampton Roads challenges NY/NJ's East Coast dominance
Royal follows Carnival Miami-based cruise line charges North American passengers a $5 fuel surcharge.
B+H shares sink Shares of Rhode Island-based B+H Ocean Carriers drop 12.5%, reaching their lowest price in at least a year.
Golar fights the slide Gary Smith-led LNG company hoping to bank $77.5m from an equity share offering after seeing third quarter profits drop into the red.
Star Cruises into the red Hong Kong-listed owner's profits plunge in third quarter as euro powers on.
Grand price for capesize George Economou's DryShips pays record $150m for vessel that has gained more than 40% in value in five months.
Greens at it again Rainbow Warrior used to blockade Greek-owned tanker at Indonesian port.
China Shipping spreads its wings President eyes port investments with all acquisitions destined to join CSCL's portfolio.
Mitropoulos hits the gas IMO chief aims to speed up emissions work as pressure mounts from all angles.
20 ships, por favor Petrobras shipping arm may up a planned tanker tender to more than 20 as it takes into account production growth.
HSH cuts to the chase Germany's biggest provider of shipping funds is reducing loans due to the credit crunch.
Dry tonic for Jadroplov Croatian owner's bulkers help it turn around 2006 losses in first nine months.
Vinashin grabs port Vietnamese state shipbuilder granted ownership of Chan May in return for investment promises.
BW Offshore does the business Busier Oslo-listed FPSO player's nine-month profit up seventy-one times from last year.
Paragon posts loss US-listed bulker owner posts a loss for the third quarter after completing its initial public offering.
Ocean completes transfer coup Michael Ioannides-led company bags complete crew to accompany $230m tanker octet.
Cosco heads rates hike CCL leading a 14-strong consortium of boxship owners preparing to up transatlantic rates.
VLCCs wanted Chinese owner Nanjing Water wants to charter six ships for up to 12 years to service Sinopec contract.
B+H equals loss US products tanker player swings to the red in the third quarter as expenses grew and the company positioned tankers for conversion.
Boskalis turns to China Dutch dredging group orders rock-hauling fallpipe vessel at Yantai Raffles.
Japanese coming to Qingdao K Line and MOL's South American service adding direct call at vital growth port.
Sanoyas dips into red Japanese shipbuilder has poor first half as revenues fall and profits disappear.
Fesco pushes up net Russian containership owner builds bottom line in first nine months, but revenues slashed.
Regal not off the hook Fishermen vent frustration by issuing writ against owners of the Cosco Busan.
Six-month merriment for Tamai Japanese bulker owner rides the boom to better result in first half.
CECO counts cash Axel Eitzen's holding company posts strong nine-month earnings, boosted by bulkers and shipmanagement arm.
Sinotrans in demand Hong Kong IPO captures investors' imagination with interest in retail tranche 243 higher than expected and Li Ka-shing also onboard.
Birka Line recommends selling The board of directors of Birka Line Abp has evaluated the offer given by Rederiaktiebolaget Ecker' to buy the rest of the shares in the company and recommends that the shareholders in Birka Line accept the offer. However it is ...
First China ro-ro to BalticBridge DFDS Tor Line will strengthen its service from Fredericia and Copenhagen to Klaipeda in Lithuania (BalticBridge) in February 2008. At that time the first in a series of China-ro-ros will be put in service on the route, replacing ...
Full-year loss expected at Hurtigruten Group Full-year losses of around NOK 150 million are now expected at Hurtigruten Group, which includes the Coastal Express service from Bergen to Kirkenes, despite improved nine-month results to pre-tax profits of NOK 107.2 million. However accounting ...
Week's end brings some price relief US bunker numbers softening but lower prices may not last.
Age limit to eat into Japan's bunker fleet 29% of current fleet will be over 20 years old in 2012, split opinions on supply of newbuilds.
IMO seeks speedier greenhouse gas action Mitropoulos to present proposal enabling IMO to accelerate international rulemaking on greenhouse gases from ships.
Controversy continues in wake of San Francisco spill US Coast Guard replaces Bay Area disaster commander amid new accusations of mismanagement.
Rotterdam market quiet
Marine interests join forces in 'Green Ship Campaign' Castrol Marine, EcoPorts, IMarEST and ProSea seeking to 'educate and motivate' marine industry on the issue of oil leaks from ships.
Bunker costs put brakes on CMA CGM ships The company believes speed reduction could cut costs by as much as 40% and also reduce emissions.
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