Slide in shares of supertanker titans looms, say analysts The record increase in oil prices and the unprecedented number of new tankers transporting crude is a stock market crash waiting to happen.
Westports' productivity to pick up with new cranes Westports Malaysia has added another two super post-Panamax twinlifters to boost productivity and to stay ahead of its rivals.
Unit of Daewoo Shipbuilding wins US$855m order Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, said its unit in Romania won a record order to build nine container vessels for US$855 million.
Kuehne+Nagel posts 30% profit rise
Somali pirates hijack cargo ship Almarjan
UPS faces class action over claims it misled franchisees
Consortia rules to remain says Brussels LINES will continue to benefit from special treatment under European Union competition law.
Consortia fact-finding by EC makes box lines 'nervous'
DP World IPO gets green light DUBAI has confirmed that it will sell a 20% stake in state-port operator next month with listing on DIFX.
DNV chief issues CO2 warning SHIPPING needs to be prepared for international CO2 emission curbs by 2012 warns Henrik Madsen.
Tired of London, tired of its life YOU cannot deny that the City is regarded as the source of a great deal of influence, even though it makes us hate it more.
A sad reality IT IS easy to sound off about compensation culture and the mindset that litigates at the drop of a hat.
Cruising fights Mexico tax The Mexican legislature has approved a $5/passenger tax on cruise arrivals countrywide beginning 1 July 2008, but lines continue to combat the plan
First Reserve taps Stevenson PRIVATE equity firm First Reserve Corporation has teamed up with ex-OMI president Craig Stevenson to form Diamond S Shipping
Royal Caribbean outlook brightens ROYAL Caribbean Cruises logged better-than-expected third-quarter results and is upping its earnings guidance despite higher crude costs
RCCL: No credit crunch fears ROYAL Caribbean executives maintain that the turmoil in credit markets is not affecting either their newbuild financing or consumer demand for their brands
Resurgent Colombia targets investors COLOMBIA will introduce single-company free-trade zones as part of its target to attract record foreign direct investment of $8Bn this year
LNG: Japan gets gas beyond 2010 In a new agreement Indonesia has agreed to supply Japan with LNG gas beyond 2011 when its old contract with Tokyo expires
New port planned Brazilian investment group EBX plans to build a new port near bustling Sao Paulo.
Pirates attack UN ship A UN-chartered ship carrying food aid escapes a pirate attack in Somalia's waters.
Third of Aker sought Unnamed investor seeks to become a 'significant minority stakeholder' in the Norwegian shipbuilding giant Aker Yards.
SembCorp sacks director Finance director at Singapore shipbuilder is removed after alleged unauthorised foreign exchange transactions lead to potential losses in the hundreds of millions.
Danaos inks behemoths US-listed Danaos orders five 12,600-teu containerships at Hyundai Samho Heavy Industries.
CSDC goes super-size Hong Kong-listed owner confirms four ship deal with two Chinese yards.
Crewman killed in UK Arrests made after Goan seafarer dies in attack by gang in Southampton.
Strikes bite at Aker Oslo-listed shipyard group could see 4,000 workers strike by the end of the week.
Carnival taps Finnish vet Carnival Corp puts Aker and Kvaerner Masa shipyard veteran in charge of 20-ship newbuilding program.
Ratings' fund tension Employers defend levy to subsidise rich-world seafarers but admit to 'downsides'.
Euronav to fall? Broker ING predicting 62% plunge in third quarter net profits in weak tanker market.
Georgia holds Turkish ship Cambodia-flagged vessel carrying coal from Abkhazia in Black Sea held by Georgian authorities
Sun shines for Royal Caribbean Late bookings spur income for US giant despite menace of rising fuel prices.
SembCorp cashes in again Singapore shipbuilder sells another slice of Chinese shiprepairer Cosco Corp.
CSDC rides oil wave Hong-Kong-listed owner sees third quarter profits fuelled by China's energy thirst.
Novorossiysk to list in London Russia's biggest port lines up IPO of shares and global depositary receipts.
Egyptian owner in double swoop Maritime Offshore Projects orders two support vessels from Malaysian yard.
Russian giants tip the scales Morgan Stanley reveals true value of Novoship and Sovcomflot's courtship.
Another collision off Thessaloniki Two ships pulled in to northern Greek port as investigation opens into latest or series of incidents.
Ship hijacked off Somalia Race on to establish contact with armed pirated who have taken crew of UAE vessel hostage off East Africa.
Herning claims share first Danish firm's scheme to allow staff to buy stock could be unique among unlisted owners.
Vroon in second Italian play Dutch owner snaps up five-ship offshore fleet of SALM, to add to SNAD vessels bought in July.
Mangalia on target Daewoo's Romanian facility reaches for $3bn of annual orders and lines up 'large vessel' quartet.
Daewoo bags nine Mystery European owner signs up for nine 5,500-teu boxships at Korean yard's Romanian facility.
Hy-Line ferry bashes pier US owner's ship experienced mechanical problems as it prepared to berth at Hyannis.
First tanker sold for conversion to bulk carrier The Greek single skin tanker Esperanza has just been sold to a Chinese buyer to be converted to a bulk carrier. Esperanza will be the first tanker to be converted fuelled by the very high market for dry bulk tonnage ...
Peter Wessel sold to MSC Color Line's passenger/car ferry Peter Wessel, built 1981 at Landskrona, is sold to Italian operator Mediterranean Shipping Company (MSC) for delivery 15 April to 9 May for EUR 25 million. The Peter Wessel, 29,704 gt, will make way for ...
Switch to distillates cut CO2 emissions Intertanko argues for such a switch to distillate fuels (MDO) not only because it would reduce particulate matter, SOx and NOx, as is widely accepted, but it would also reduce total CO2 emissions. Using MDO would reduce fuel consumption, make ...
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