Bourbon in 1.7b euro offshore expansion Offshore supply specialist Bourbon Offshore Asia saw an 80 per cent rise in revenue last year and is expecting good growth this year too. This expansion must not be hindered by a lack of manpower, managing director Farid Khan said.
VLCC rates may rise on refinery demand The cost of hauling crude oil from the Persian Gulf to Asia, down 72 per cent this year, may snap declines this week as refineries increase the number of vessels that they book for cargo loadings this month.
Question mark over Vale's $1.6bn VLOC deal ORDER in doubt as freight rates, global steel consumption and Asian iron ore demand fall.
Vale seals bumper VLOC deal with Rongsheng
Economou allays fears as DryShips shares fall DRYSHIPS boss confirms company in good health after a warning-laden share prospectus filing spooked the market.
IEA warns of lingering oil threat THE IEA is tempering its long-term forecast for global oil demand but warns that prices will remain volatile, with a supply crunch possible by 2015
Polish yard workers issue threats POLISH shipyard unions are threatening direct action such as road blockades and are planning a huge protest in Warsaw in an angry reaction to the EC decision to order the yards sold
US shipping shares dive sharply SHIPPING shares have taken another hit, suffering one of their sharpest single-day percentage declines in the midst of a broad downturn in the US stock market
Svitzer detours to evade pirates SHIPPING support service company Svitzer is sending its boats around the Cape of Good Hope to avoid passing through the Gulf of Aden, the company confirmed to Fairplay today
White House approves 10+2 filing rule Customs and Border Protection likely to move quickly on implementation after Office of Management and Budget signs off on security filing rule.
Change has come to America: but can Obama save world trade? President-Elect, Barack Obama, has just over 70 days to prepare for the biggest and toughest job in the world. But after a brilliant and inspiring campaign, are we expecting too much of the Illinois senator, who will surely need super-human powers to overcome the formidable challenges that lie ahead?
Container Code Recognition for gantries
A negative BAF on the way?
New accreditation speeds up customs for NYK customers
Eagle not alone A leading analyst tells TradeWinds that US-listed bulker owners across the board could be in breach of debt covenants.
Deal or no deal? OSG is privately denying that it is buying 52 products tankers from Cido Shipping.
US stocks rise Shipping stocks trade mostly higher Friday as broader markets improve.
Eagle on edge? High leverage and large orderbook leaves Nasdaq-listed bulker owner in danger of breaching its debt covenants, Fearnley Fonds claims.
It's quotes time Peter G cuts his losses and runs while slumping ship prices have thrust bankers into the rat race.
Brit Bulk sued Shareholder lawsuits take aim at Britannia Bulk and executives for failing to disclose FFA problems.
Horizon pays up After credit downgrade, Horizon Lines makes $10m voluntary payment to reduce debt.
Hellenic bins buy Fotini Karamanlis pulls out of $69.7m supramax purchase due to drop in dry-cargo rates.
Yard halt Ukraine's Chernomorsky stops work on two hulls subcontracted by Damen due to lack of cash.
LNG costs fall Houston-based LNG terminal developer reduces expenses but still posts a wider loss.
Krasnoye crashes Russian shipyard makes another loss in third quarter, following up deficit in the second.
Martin net jumps Texas tank-barge and terminal operator sees profits double despite hurricane difficulties and expects more improvement this quarter.
Toei down... ...but not out, as Japanese reefer owner expects to follow first-half losses with profit in full year.
Cape cut-up Hosco heads the charge as six big bulkers are packed off to the Bangladeshi beaches.
Repair buoys Todd Todd Shipyards returns to the black in the fiscal second quarter as repair volumes increase.
OHL undecided Oslo-listed heavylift player says it is unsure whether or not to back a takeover by Spencer Energy.
Crossed wires It was all double Dutch to the Aussie pilot on the Ukrainian-crewed cruiseship Van Gogh as it veered and grounded.
Going cheap Thanassis Martinos picks up handymax bulker bargain for a third of peak summer price.
NAT on top Suezmax specialist boasts of best performing share this year as nine-month profit soars.
Spot of bother A dive in VLGC rates to below breakeven levels will lead BW Gas to red ink in the final quarter, analysts say.
It's a boy! Rescued Somali migrant gives birth on Fesco cargoship in the Mediterranean.
The great debate The Greek Shipping Summit comes to an end with a heated, parliamentary-style debate over the world orderbook.
Here Wei go again Cosco chairman Wei Jiafu says the worst of the dry-cargo downturn has already passed with the rebound to be as dramatic as the recent fall.
Atlantska ahead Croatian bulker owner has made more money during the good times in the dry cargo market this year.
Todd troubled US shipyard failing to comply with New York exchange's listing standards over low market cap.
More for Davie Quebec government comes up with CAD 10m to help cash-strapped Canadian shipbuilder.
PSV for Halter US shipyard to build supply ship's hull and deckhouses for Louisiana's Candies Shipbuilders.
Up and down Japanese owner Kyoei Tanker's first half net profit shrinks, but operating earnings grow.
Supply vessel to new Norwegian company The supply vessel North Fortune has been acquired by a newcomer in the offshore market, Nor Supply Offshore AS of Bod'. The 1983-built vessel of 3,350 DWT belongs to the UT705 design of platform supply vessels and has been ...
Maersk Line cuts 700 Chinese jobs Maersk Line will cut 700 jobs in China during the next six months to handle the current market conditions. Maersk Line will close one of two service centres in China and adjust the staff in order to handle the China ...
China to halt shipbuilding expansion According to Chinese media sources, the Chinese Ministry of Industry and IT wants to for the time being stop the expansion of the shipyard industry by not giving licenses to new greenfield shipyards. The main reason is overcapacity and lack ...
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