China's marine fuel sales may double in 2 yrs China may double sales of bonded marine fuel to ships sailing overseas within two years, thanks to plentiful, low-cost supplies from Venezuela, a trader said.
Cargotec forecasts slowdown at ship-gear unit MacGregor Cargotec Oyj, the world's biggest maker of container-lifting gear, forecast falling orders and increasing cancellations at its ship-equipment division as the financial crisis hurts new vessel demand, according to chief executive officer Mikael Maekinen.
DryShips shares fall a further 21% DryShips Inc, a transporter of commodities including iron ore and coal, fell 21 per cent, declining for the fourth straight day after saying that it may not be able to pay off its loans because of falling charter rates.
Rio Tinto pushing ahead with US$315m order of ships
Boxship owners lose money as rates slide CONTAINERSHIP daily earnings are just covering operating costs, leaving no money spare for loan repayments.
Asia-Europe box carriers pressured to cut further capacity
Norden reconsiders bulk carrier newbuildings DANISH owner indicates it is willing to talk to yards about changing contract terms of the 35 bulkers it has on order.
Noble chief denies Fleet Management sale RUMOURS that the group plans to sell its shipmanagement subsidiary are untrue, says Richard Elman.
Shipping to get energy boost SHIPPING looks set to benefit from a huge shift in geographical sources of energy supplies despite a muted IEA oil demand forecast
Hanjin cuts start CKYH scheme THE CKYH alliance ' made up of COSCO, 'K' Line, Yang Ming and Hanjin Shipping ' unveiled a service rationalisation scheme today to respond to the rising market sluggishness
Diana suspends dividend DRYBULK operator Diana Shipping will suspend payment of future dividends to bolster cash available for acquisitions
Container crunch hits APM in 3Q DEPLOYMENT of new tonnage and downturn in the container shipping market led to a plunge in freight rates in 3Q08, AP Moller-Maersk explained today
German box ship profits down NET PROFITS generated by German container ships came down significantly across all size categories in 2007, an operating cost survey compiled by HSH Nordbank has revealed
Signs of hope in dry markets THERE was a little more activity in the Atlantic for Panamaxes than yesterday and brokers report that things appear stable with rates firming slightly
Eitzen Chemical issues profits warning EITZEN Chemical has posted an improved operating profit for 3Q but warns that freight rates will fall in 2009
Maersk Line posts nine-month profit Leading box carrier reverses year-earlier loss but cuts full-year earnings outlook as container rates fall in third quarter.
Customs' 10+2 filing rule coming by month's end
CKYH lines cut capacity
Maersk Line closing China center, cutting 700 jobs
New case of magic pipe ' ship operator pleads guilty Hiong Guan Navegacion Japan Co Ltd, operator of the cargo ship Balsa 62, pleads guilty to conspiracy and falsifying records. Two chief engineers on board has pleaded guilty in a US court for regularly (twice a month) directed their crew ...
New Stolt vessel hijacked Somali pirates have seized the 33,309 DWT chemical tanker Stolt Strength, built 2005. According to media information, the hijackers have contacted the Philippine owner, Sagana Shipping, about a ransom. Stolt Strength has a crew of 23. This is the second ...
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