Hyundai Heavy's earnings seen rising 35% this year New orders for ships hauling raw materials to China and finished goods to the rest of the globe are helping Hyundai Heavy Industries, the world's biggest shipbuilder, make the strongest start in six years.
Norway ship classifier aims to accredit US hospitals Det Norske Veritas (DNV), a 144-year-old Norwegian company known as one of the world's biggest ship classifiers, aims to grab a slice of the growing market for accreditation of US hospitals, it said on Tuesday.
Profit at China Shipping trebles to 3.2b yuan China Shipping Container Lines Co, the second-largest in the country, said that 2007 profit more than trebled as the company raised prices and carried more goods from Asia to Europe and the US.
Cost of shipping Mid-East crude oil to Asia set to fall
Asia-Europe box trades sliding CONTAINER lines postpone planned April 1 rate hike in the Asia to Europe trades as market conditions soften.
Pacific capacity crunch looms
Powerful backers for UK One Voice initiative INDUSTRY bosses have thrown their weight behind efforts to establish an umbrella organisation.
Hull claim cost soaring, says Cefor MARINE insurance association statistics reveal global shipping boom driving sharp increase in cost of hull claims.
China's shipyards face delivery crisis SHIPPING market volatility has brought into focus the number of ships on order at China's yards, and if all of them will be built.
Encourage the other half THE maritime industry must start empowering women to seek advancement in the seafaring profession.
Dredging International wins Canal contract DREDGING International has won the Panama Canal Authority's biggest contract to date, the four-year, $177M dredging of the Pacific entrance to the waterway.
Green plan for Alang yard GUJARAT is looking at turning Alang shipbreaking yard into a commercially-successful enterprise promoted as a 'green' recycling facility
UK Chamber turns green THE British Chamber of Shipping's new president vowed to make the environment his top priority at the Chamber's AGM held in London this morning
Upbeat on labour, downbeat on volume THE US National Retail Federation predicts that a US West Coast labour showdown will be averted this summer, but confirms a weak outlook on container throughput
Cold water poured on fire story PRINCESS Cruises' Grand Princess was not ablaze as erroneously reported by Jamaican press yesterday, but the ship did suffer an engine malfunction
Sjaastad leaves Frontline BJØRN Sjaastad, CEO of Frontline Management, has resigned for family reasons
Maersk details trans-Pacific fuel charges The container carrier's new rates for fuel surcharges will take effect on May 1 in the trans-Pacific trades as well as other routes.
Port Tracker sees modest growth for U.S. boxes
FMC requests information on LA port clean-trucks plan
Feds seek second delay in ILA case
Vancouver port bars 250 trucks under anti-smog rules
Sævik turned down on Aker Yard board proposal A majority of the shareholders in Aker Yards has at an extraordinary general meeting rejected the proposal by Per Sævik's Havyard Invest to elect four new members and replace two standing members of the company board. Sævik controls ten per ...
Drilling rigs to Seadrill Seadrill has taken delivery of two deepwater drilling rigs, West Phoenix and West Sirius from Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. Both units have secured long-term contracts. West Sirius is contracted by Devon Energy ...
Taxes and manning costs hit BW Gas result Oslo listed BW Gas, controlled by the Hong Kong family Sohmen, reports a USD 6.3 million pre-tax result for Q4, down by USD 44.5 million compared to the corresponding quarter 2006. The result was signingicantly affected by ...
IMO: New Annex VI proposal draws criticism BIMCO points out 'flaws' in new global distillate proposal; regulators urged not to 'move into realm of fantasy'.
Tallinn throughput recovering Russian oil product exports flowing through Estonia in growing volumes.
Bunker market report from Praxis
US crude oil inventories rise, gasoline drops
Bunker levy could boost fuel saving technologies IMO being asked to consider bunker charge as part of global drive to cut CO2 emissions.
IMO 'grossly underestimating' future shipping emissions Technology company says mandatory CO2 measures would be good for business as well as environment.
Prices firming in Asian bunker hubs Chinese fuel oil demand remains high as power station subsidies continue.
Micro-SECAs scrapped at IMO meeting, move to exclude scrubbers overruled Consensus reached following strong opposition to new concept, whereas abatement technology remains under consideration.
Rotterdam market firming
CSCL triples profit China Shipping Container hikes rates to offset the rising costs of bunker fuel.
New bunker firm takes Singapore storage Storage tanks at Oiltanking will allow the new JV to start ex-pipe bunkering by Q4.
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