Panama ports see 20% jump in box volume Panama's ports expect shipping container volumes to grow by a fifth this year despite a slowing US economy as Chinese trade surges, the head of the country's top maritime body said on Wednesday.
Maersk to scrap NASA service due to weak demand AP Moeller-Maersk A/S, owner of the world's largest container shipping line, will end a service linking ports on the eastern coasts of North and South America amid weakening demand on US routes.
Berlian must cut debt in 4 months to avoid default risk PT Berlian Laju Tanker, Indonesia's biggest shipping company by value, must cut debt in four months to comply with bond covenants and avoid the risk of a default.
Fredriksen takes stake in OSG JOHN Fredriksen and his quoted tanker company Frontline have taken a stake of up to 10% in US rival.
Fredriksen launches bid to join Tui board
Battistello denies mafia allegation CONTSHIP Italia chairman Cecilia Battistello refutes claims that Gioia Tauro is infiltrated by the mafia.
ELAA gains three new members PACIFIC International Lines, Wan Hai Lines and Independent Container Line enrol as full members.
Offshore vessels sail into prime position OWNERS of offshore vessels will be key benefactors from the rising investments by the world's largest oil and gas companies.
Oil majors set their sights on LNG OIL giants build more LNG plants as opportunities for conventional oil developments dwindle and gas prices climb.
Playing chicken with tanker markets There has been no change in market fundamentals to explain this week's surge in tanker rates
Fredriksen buys OSG stake FRONTLINE boss John Frederiksen has purchased a 5.2% stake in Overseas Shipholding Group (OSG)
Panama pilots sue over ISPS, Solas PANAMA'S pilotage company Panama Pilots Services Corp is suing its rival Caribbean Pilots Inc and various institutions over licences granted to a rival
Australia ratifies spill convention AUSTRALIA'S government will ratify the Bunker Oil Convention and the IOPC Supplementary Fund Protocol in a bid to increase compensation for oil spills in its waters
Gujurat demolitions begin NEW DELHI 20 March ' Gujarat Maritime Board (GMB) has given breaking permissions to almost every junk ship that is beached at Alang-Sosiya, and demolition is in full swing
Falling spending curbs Carnival CARNIVAL Corporation's profits are being pressured by both 'extraordinary' fuel costs and falling onboard spending
Port of Los Angeles approves trucks plan with employee-driver provision Legal challenges await clean-trucks plan that limits harbor trucking concessions to licensed motor carriers with employee drivers.
Port of New York-New Jersey purchases Terminal X' site
Hunting for buys In a rare private interview, Fredriksen talks about tanker consolidation, the offshore boom, his aims for TUI and what makes him go on.
Panamax on the block Brokers are circulating a Japanese-controlled bulker as up for sale.
EPA goes after US scrapbroker US environmental agency files a complaint against scrap brokers involved in the deal to take the torch to the embattled cruiseship.
Wilson Sons net surges Brazilian offshore vessel owner and terminal operator posts a 39.4% rise in fourth-quarter profits.
Double Fortune sold Undisclosed South Korean buyers take an 11-year-old panamax bulker for $67m.
Fredriksen confirms OSG buy Frontline boss on course to be second largest shareholder in Morten Arntzen-led rival after snapping up an initial 5.2% stake.
Carnival defends fees Although Royal Caribbean is offering refunds to some guests, Carnival says its fuel supplement is different.
Fuel hike bites Carnival Rising bunker costs drag down first quarter earnings at Micky Arison-led cruise company despite an increase in revenue.
American hires CFO Barge operator and shipyard company American Commercial Lines hires Thomas Pilholski for the role of finance chief.
STX bags $353m quartet European owners slate two VLOCs and a brace of chemical tankers at the Seoul-listed yard.
More sales action for Pac Basin Richard Hext-led handysize bulker owner offloads another unit and takes it back on charter for four years.
PFL not for sale South Pacific operator's shareholders vote against sale to Swire or PIL.
Aon picks P&I winners Top broking group says the clubs achieved a $374m premium hike that left shipowners in Munch mode.
Rhymes with dinner TradeWinds finds its winner. Web TV hunts down contestants in the shipping limerick competition and presents the award for best bard.
Top terminates Faultless ties Evangelos Pistiolis ends the bareboat charter of a susemax tanker following the sale of the vessel to a third party.
Vinashin signs for seven Two of Vietnamese group's yards to build series of 20,000-dwt cargoships for domestic owners.
Fredriksen stalks OSG Tanker consolidation is on again as John Fredriksen makes his move on Overseas Shipholding Group (OSG).
Teekay LNG buys from parent Spun-off gas carrier owner snaps up two 1993-built units and charters them back to Teekay Corp.
Jutha to branch out Thai multipurpose owner eyes ship management deals for 2008.
Credit crunch crunches Managing director at New Jersey brokerage says banks are less willing to leverage vessel assets.
Wujiazui builds $6bn orderbook Nanjing's relative newcomer has long list of bulkers and containerships due for delivery up to 2012.
Fearless Fulford Clarkson's chief executive snaps up company stock, despite concerns over Sovcomflot legal threat.
Maersk and Hamburg team up Liner firms to start a new service between the US east coast and New Zealand and Australia.
OSG in it for the long haul US-listed tanker owner's boss says judging OSG spin-off by its trading price doesn't make sense.
Broström takes delivery of product tanker Broström has taken delivery of the product tanker Bro Agnes, 17,000 DWT. The vessel is the second of three Broström vessels in a series of six being built in Tuzla, Turkey, in partnership with D'nya Shipping of Istanbul. The Bro ...
Riverdance declared a constructive total loss Seatruck Ferries' ro-ro cargo vessel Riverdance, 6,040 GT and built 1977, has been declared a constructive total loss. The parties UK Maritime Coastguard Agency, the UK secretary of state salvage representative, insurers and the salvage company Smit International took ...
Kopernik replaces Mikolaj Kopernik Euroafrica Shipping Lines Ltd. has decided to replace the oldest ferry on the Swinoujscie to Ystad run, the Mikolaj Kopernik, at the end of March. The old vessel will be replaced by the Kopernik which currently is berthed in Szszecin ...
Carnival fuel prediction over $500 Financial results under pressure as bunker costs keep rising.
Crude, bunkers slump further $20 knocked off Rotterdam fuel oil values in two days as crude sentiment turns.
Bunker market report from Praxis
Ukraine seeks 1.4 billion spill compensation Wants Russia to pay damages following Kerch Strait fuel oil pollution.
Catfines spike observed in ARA region Viswa Lab reports sudden increase in average values since February with four off-spec cases in March.
Port fuel incentives won't replace new rules Subsidy scheme of limited duration and California plans main engine fuel restrictions.
Rotterdam quiet, prompt supply tight
Oil removal starts on sunken tanker Tanker carrying 1,700 tonnes of fuel oil sank off Vietnam's central coast earlier this month.
IMO and EU communications continue EU supportive of international ship emission regulations, but ready to act alone.
EMSA looking for more oil spill recovery vessels Applications wanted by the end of April as agency seeks to strengthen cover in the Black and North Seas.
Industry supports ports' fuel plan PMSA coming in behind proposal to subsidise distillate fuel.
Rollercoaster week for crude Prices down again Wednesday after DOE report shows dip in US demand.
Poll: Emissions trading a 'useful option' Industry supporting pollution reducing initiative despite IMO snub.
Bunker market report from Praxis
New Kingston oil spill 'not bunkers' Local authority says frequency of spills points to need for review of procedures.
KazMunayGas acquires Batumi port and oil terminal KazMunayGaz now owns all oil facilities along with container and dry/general bulk cargo berths.
Rotterdam market still firm
PetroChina buys cargo for blending A961 grade bought to counterbalance influx of high-viscosity and high density Western cargoes.
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