Australia to buy 5 ships to shore up its defences AUSTRALIA has agreed to buy five new military ships from Spain in an A$11 billion deal that is set to boost the country's ability to respond to threats in the Asia-Pacific region, Prime Minister John Howard announced yesterday.
Dubai Drydocks bags US$175m job DUBAI Drydocks, a market leader in ship repair and conversions, has concluded an agreement with Singapore-based Navig8 to build four medium-range product tankers, with an option for four more vessels, Emirates News Agency reported.
Financier sees shipping industry generating 30 IPOs by end-2008 WITHIN the next 18 months the maritime shipping sector could generate up to 30 initial public offerings due to global demand for everything from coal to consumer goods, an industry financier said on Tuesday.
Louis-Dreyfus takes over Ecsa role FRENCH shipowner has been elected president of the European Community Shipowners Association.
Chalos warns shipmanagers 'prime target' in US LEADING third party shipmanagers have been warned that they may become a priority target of 'magic pipe' prosecutions.
Putin gives green light to tanker merger NOVOSHIP and Sovcomflot get Presidential decree to create major tanker company.
Room for confusion SOD's law, which in maritime terms decrees that if something can go wrong, it almost certainly will, has been working overtime recently.
'Floating sweatshop' held in Ireland A 30-year-old general cargo vessel flying the Belize flag, owned by a St Petersburg/Belize-registered company but operated and managed from Riga in Latvia was described this week as a "floating sweatshop"
Migrant Watch: US/Caribbean THE US Coast Guard 7th District interdicted a total of 137 illegal would-be immigrants at sea between 10 and 14 June, and another 21 made landfall on 18 June
St Petersburg benefits from Estonia spat ST PETERSBURG appears to have benefited most from the Russia-Estonia spat, with port throughput up significantly while Tallinn and Muuga volumes slip back
Petronas on the acquisition trail MALAYSIAN state energy major Petronas has acquired PetroVietnam's stake in a polyvinyl chloride manufacturer, and now seeks further energy-related businesses
Showdown over Lübeck privatisation THE German Baltic port of Lübeck faces growing labour unrest over the city's plan to privatise stevedore L'becker Hafen Gesellschaft
American Club tonnage drops THE American Club's enrolled tonnage fell over 13% last year as management sought to address "challenging" circumstances
Resist all-out gentrification, ports told Port executives urged not to sacrifice prime maritime property to lure of higher lease rates for residential development.
Bjorn blames Wingfield Frontline boss Sjaastad says Stolt defendant backed further conspiracy with Odfjell back in March 2002, but then his story gets fuzzy.
Putin pens merger move Russian president signs off decree clearing way for merger of tanker giants Sovcomflot and Novoship.
Braemar buoyant Strong newbuilding activity and hefty dry-cargo rates set to stack first-quarter revenues at London broker.
Six held in UK UK coastguard says rate of detention slightly up in May compared to April.
ICG back in the pot Ferry-owner boss Eamonn Rothwell tables new bid for Irish Continental to match current rival offer.
ABG Heavy mulls feeder link Indian ports group wants shipping tie-up for Singapore run.
Tanker sinks off Yemen Nineteen seafarers rescued by passing ship after adverse weather sinks Panama-flagged chemical carrier.
China blamed for fatal collision Investigation by Chinese officials into sinking of Golden Rose pins most of the blame on Chinese-operated ship.
Ningbo Marine wants bulk trio Shanghai-listed shipowner selling shares to raise funds for fleet expansion.
ABG eyes rig market Indian shipbuilder planning to take slice of lucrative platform-making business.
Banks rapped over CSG spree China's banking regulator takes dim view of loan used by shipowner to play the stock market.
STX mum on quartet order Korean yard not giving identity of European owner behind four-ship bulker order away.
Tanker spill in Vietnam Two vessels collide outside Ho Chi Minh City with 400 litres of fuel leaking from gash in tanker.
Antson gets nod at Finnlines Finnish ro-ro owner's finance chief steps up to top job following resignation of Antti Lagerroos.
Damen signs Vietnamese deal Dutch shipbuilding group guarantees work for Song Thu yard over next five years.
Delphis does it again Another big boxship order in Korea for Alexander Saverys-led Belgian owner.
CCHC set to raise CNY15bn China Cosco Holdings Co sets A-share offer at top of indicative range on overwhelming demand.
In and out at Varun Mumbai owner acquires India's largest VLGC as Maharshi Vishwamitra is confirmed sold for scrap.
Pasha salvage suspended Storm force wind warnings force Svitzer team to call a halt to efforts to refloat grounded bulker.
A slacker wire could have saved Bourbon Dolphin During the Royal Commission hearing about the illfated AHTS Bourbon Dolphin it was revealed that the tow master on the ...
Tallink dismiss another two Silja executives Tallink Silja has dismissed Johan Lindblad, former freight director and Matti Orama, former vice president for international sales and marketing ...
Scandlines sale confirmed by the owners The sale of the ferry operator Scandlines was confirmed Tuesday in Copenhagen by the Danish Minister of Transport, Flemming Hansen ...
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