Offshore oil and gas industry cooling off The offshore oil and gas market has turned from white-hot to warm over the past quarter. And as conditions get tougher, Chinese yards - many of them greenfield projects or still in the blueprint stage - will have more difficulty accessing capital, says Lloyd's Register's director for oil and gas Iain Light.
Asian shipyards seeking security of surety bonds WITH the financial crisis now reaching Asia, companies are bracing for the worst by shoring up their balance sheets and freeing up access to capital. The shipbuilding industry in Singapore and around Asia is not immune, as companies prepare for tougher times.
Who's to pay for smooth sailing? It's a big weekend for sailing, with the Melges 24 North Americans, Soling National Championships, IRC big-boat East Coast Championship and a handful of other regattas drawing racers big and small by the hundreds to the Chesapeake.
DryShips Q3 profit up 71% on larger fleet, higher rates
Strait Talk
Training is still crucial to produce qualified seafarers LAST week this column looked at Singapore Maritime Academy's unique and highly successful Maritime Experiential Learning (MEL). I wonder how many readers, especially those who have seen downturns before and mass layoffs in the shipping industry, thought that now is the wrong time to be encouraging young people to look at a career in the shipping industry.
Motoring
Technical issues, bad press hurt CNG car sales SLUGGISH and sometimes jerky performance seem to have driven a wedge between the Singapore car buyer and compressed natural gas (CNG), with the love affair set for a possibly unhappy ending.
Offshore oil and gas industry cooling off The offshore oil and gas market has turned from white-hot to warm over the past quarter. And as conditions get tougher, Chinese yards - many of them greenfield projects or still in the blueprint stage - will have more difficulty accessing capital, says Lloyd's Register's director for oil and gas Iain Light.
Asian shipyards seeking security of surety bonds WITH the financial crisis now reaching Asia, companies are bracing for the worst by shoring up their balance sheets and freeing up access to capital. The shipbuilding industry in Singapore and around Asia is not immune, as companies prepare for tougher times.
Who's to pay for smooth sailing? It's a big weekend for sailing, with the Melges 24 North Americans, Soling National Championships, IRC big-boat East Coast Championship and a handful of other regattas drawing racers big and small by the hundreds to the Chesapeake.
DryShips Q3 profit up 71% on larger fleet, higher rates
Strait Talk
Training is still crucial to produce qualified seafarers LAST week this column looked at Singapore Maritime Academy's unique and highly successful Maritime Experiential Learning (MEL). I wonder how many readers, especially those who have seen downturns before and mass layoffs in the shipping industry, thought that now is the wrong time to be encouraging young people to look at a career in the shipping industry.
Motoring
Technical issues, bad press hurt CNG car sales SLUGGISH and sometimes jerky performance seem to have driven a wedge between the Singapore car buyer and compressed natural gas (CNG), with the love affair set for a possibly unhappy ending.
Offshore oil and gas industry cooling off The offshore oil and gas market has turned from white-hot to warm over the past quarter. And as conditions get tougher, Chinese yards - many of them greenfield projects or still in the blueprint stage - will have more difficulty accessing capital, says Lloyd's Register's director for oil and gas Iain Light.
Asian shipyards seeking security of surety bonds WITH the financial crisis now reaching Asia, companies are bracing for the worst by shoring up their balance sheets and freeing up access to capital. The shipbuilding industry in Singapore and around Asia is not immune, as companies prepare for tougher times.
Who's to pay for smooth sailing? It's a big weekend for sailing, with the Melges 24 North Americans, Soling National Championships, IRC big-boat East Coast Championship and a handful of other regattas drawing racers big and small by the hundreds to the Chesapeake.
DryShips Q3 profit up 71% on larger fleet, higher rates
Strait Talk
Training is still crucial to produce qualified seafarers LAST week this column looked at Singapore Maritime Academy's unique and highly successful Maritime Experiential Learning (MEL). I wonder how many readers, especially those who have seen downturns before and mass layoffs in the shipping industry, thought that now is the wrong time to be encouraging young people to look at a career in the shipping industry.
Motoring
Technical issues, bad press hurt CNG car sales SLUGGISH and sometimes jerky performance seem to have driven a wedge between the Singapore car buyer and compressed natural gas (CNG), with the love affair set for a possibly unhappy ending.
UK Club hits owners with $200m top-up call NEGATIVE investment returns and escalating claims force UK P&I Club to call for top-up payments.
UK Club sets the trend in debt market initiative
More bankruptcies round the corner, warns DVB BIG names in drybulk and container trades face collapse, claims Dagfinn Lunde, DVB Bank's head of shipping.
Intercargo calls for consistency in port state checks STUDY by association reveals more deficiencies are recorded in China than in the US.
Obama captures White House DEMOCRAT Barack Obama captured the White House on Tuesday defeating Republican John McCain to make history as the first black U.S. President
Shipping bank asks German bail-out GERMANY's HSH Nordbank, the world's largest shipping bank, has applied for a guarantee from the German government's bail-out fund
Coast Guard stresses safe tows US COAST Guard patrols in the Gulf of Mexico and on major rivers are mounting a large operation to ensure that towing vessels are properly manned and that crews are properly licensed
Direct China-Taiwan shipping agreed CHINA and Taiwan signed landmark agreements today that would permit direct shipping links, a long-standing demand by businesses in both countries
New Fredericia-Moss ro-ro service Seatruck Ferries Ltd and Fredericia Shipping A/S will jointly start a new ro-ro service between Fredericia and Moss. As of January 1, 2009, Seatruck Ferries will offer three weekly sailings in each direction with the ro-ro ferry ...
Bad times for shipbreaking industry in Alang The Indian shipbreaking industry in Alang has been badly impacted by a strengthening of the US dollar against the rupee and a fall in steel scrap prices. According to information from ship breakers, the industry is going through its 'worst ...
Major shipping associations in open letter The international shipping associations BIMCO, ICS, Intercargo, Intertanko, InterManager and ITF have sent an open letter to all governments urging them to take action against piracy in the Gulf of Aden. "The undersigned call upon all governments, individually, and collectively ...
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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