Guangzhou Shipyard Q4 profit more than triples Guangzhou Shipyard International Co, the only Hong Kong-listed shipbuilder, more than tripled fourth-quarter profit after expanding capacity and shortening construction times. The company's shares rose the most in a month.
Shanghai to use Yangtze for inland shipments Shanghai, China's busiest container port, aims to make greater use of the Yangtze River for inland shipments as rising congestion and environmental concerns make road transportation less attractive.
CMB fears US$ impact Belgian shipping group CMB warned that 2008 results could be hit by the US dollar's fall against the euro as it confirmed final full-year 2007 net profit on Tuesday at 243.28 million euros (S$528 million). 'The evolution of the US dollar and of the freight derivatives (FFA) will have an impact on the results,' it said in a statement.
Carnival newbuilding plans put in cold storage CHAIRMAN Micky Arison says company unable to build new ships for US brands "at present dollar-valued costs".
Arison stands firm on Florida fuel levy
Aframax earnings soar amid cargo-fixing frenzy DAILY earnings for aframax tankers in the Mediterranean rise by nearly $100,000 in less than a week.
CMA 2008: Fears grow over orderbook deliveries INDUSTRY experts concerned that a significant proportion of ships currently on order will never be delivered.
Well-rounded Qatar takes leading role on global LNG stage THE LNG industry has been characterised as both increasingly globalised and not yet truly global.
Russia still holds cards for European supply RUSSIA'S latest spat with Ukraine reflects the increasing strategic importance of LNG imports in the community's energy mix.
Gdansk yard under EU pressure The new vice president of Gdansk shipyard says he is confident the ailing yard can reach a restructuring agreement with the European Commission within weeks
Crew ransomed from Somalia THE Danish-owned, Russian-registered tug Svitzer Korsakov, seized by Somali pirates while on its maiden voyage last month, has been released following the payment of a $700,000 ransom
Schiffsbank confident of growth GERMAN ship financier Deutsche Schiffsbank is confident it can further expand its business this year despite the turbulence in the world financial markets
Ship losses soaring SHIP losses have soared by more than a third in the last two years and there is no sign that the increase is slowing, according to global research from the International Union of Marine Insurance (IUMI)
Kremlin shies away from Ust-Luga THE Kremlin has deferred making a commitment on oil loading at Ust-Luga until after president-elect Dmitry Medvedev is inaugurated in May
Robust Chinese yard triples profits GUANGZHOU Shipyard has sent 4Q profits soaring by expanding capacity and shortening its construction times, according to a Bloomberg report
Port of Los Angeles-Long Beach courting problems when growth resumes Executives say top U.S. gateway is facing long-term issues if it can't build marine terminals, inland infrastructure to handle growth.
NASA gets the chop Maersk Line cuts Americas link as efforts to optimise network continue.
Hallin heads Down Under John Giddens-led offshore company fixes out newbuilding to mark its entry into the Australian market.
V.Ships defends crewmen V.Ships Shipmanagement chief executive Robert Bishop says crewmembers did all they could to prevent the Hebei Spirit oil spill.
Let's party! TradeWinds hits the CMA convention's after-hours scene with Wilhelmsen Ship Service's party at the Paradise.
Asian boost for Rickmers German owner in $1.35bn deal to transfer 13 containership newbuildings to Singapore quoted offshoot.
Ferry close for WSF Washington state poised to announce winner of tender for first of three replacement vessels.
Market drives shipping Bear Stearns analyst discusses big rebound in shipping stocks on Tuesday.
Commodities are key Goldman Sachs analyst says commodities supply could be a "bucket of cold water" on shipping.
Aim at substandard ships With class societies finding themselves in court over substandard ships, Lloyd's Register official says the London society is taking a closer look at surveys.
Hamburg Sud not in the race German boxship line will not be buying TUI's Hapag-Lloyd operations, despite market speculation.
Vinalines eyes port upgrade Vietnamese owner lines up $44m investment in Ba Ngoi to raise cargo capacity to 3m tonnes.
Oslo claims cost crown Norwegian capital is the most expensive city in the world to live ahead of other maritime strongholds Copenhagen and London, bank says.
Betting on down Clarkson Research Services managing director says he expects the shipping market to take a downturn.
IHC wins Panama Canal order Dutch yard to deliver dredger in 2011 to canal authority to help complete huge widening project.
Riverdance is a CTL Wreck removal in prospect for beached car carrier that became a tourist attraction.
Odfjell dumps oldies Norwegian chemical tanker owner offloads two of the oldest ships in its fleet as it takes on newbuilding.
GSI overcomes adversity Chinese tanker specialist sees 2007 profit leap despite manpower and workspace issues.
Paragon confirms fixture Bodouroglou-led bulker outfit inks three years of work for panamax at 66% above current rate.
Boskalis turns mud to gold Dutch dredging giant sees 2008 profit soar against background of strong demand.
Loans to face yen woes Banker says shipyard loans priced in yen could default as the US dollar loses sync.
CSSC aims high Chinese shipbuilder wants to increase revenue by more than a third this year.
Tankers jump on upgrades Citi upgrade for Teekay, OSG and Genmar sends stock prices higher despite weaker rates.
Sævik wants Aker Yards to split in four Per Sævik, who through family owned Havyard Invest controls 10 per cent of the shares in Aker Yards, claims that the value of Aker Yards is NOK 97 per share, double up compared to today's share price. To show the ...
DFDS buys two Norbulk ro/ro's DFDS has purchased two ro/ro-ships from the British based Norbulk Shipping Group for take over at the end of the year. The ships is the Finnhawk and Finnreel, which presently are on time charter to Finnlines running on ...
Gaz de France recieves LNG from Snøhvit The French energy company Gas de France has received its first shipment of LNG from Snøhvit in the Barents Sea. The company has a 12 per cent interest in the project. The 154,500 cubic metres shipment of LNG was delivered ...
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