Gulf of Aden piracy drives carriers to change course Rising piracy in the Gulf of Aden has prompted some shipowners to change their routes to round the Cape of Good Hope instead, a detour considered somewhat less risky but also longer and more expensive.
Baltic Dry Index dips on weak iron ore demand The Baltic Dry Index, a measure of shipping costs for commodities, fell last week on weaker demand for iron ore from steelmakers.
Box ship giants forge link-up SHIPPING giants Maersk and CMA CGM said today they have forged a container ship link-up using 6,500teu and 5,100teu box ships on Asia/US routes
American Club hikes premiums THE American P&I Club has announced a 7.5% general increase for 2009 renewals and 25% supplementary calls for 2007 and 2008 to counter investment portfolio losses
Piracy peril warned for Comoros BIMCO today warned shippers to avoid the Comoros Gap shortcut between Madagascar and the African mainland
Polish unions accept job losses SOLIDARITY, the trade union representing workers at the Gdynia and Szczecin shipyards, has provisionally accepted job losses as part of the Warsaw-EU sell-off scheme
Nerli named in payoff inquiry NAPLES port president Francesco Nerli was among four people named as suspects in an investigation of extortion and bribery allegations
Sirius hijack wasn't rocket science A PIRATE spokesman has told how gunmen managed to hijack a Saudi VLCC: it was rockets but not science
MISC's turnover jumps 40% MISC Berhad is standing pat on a net profits prediction for the whole year, but the leading Malaysian LNG and box operator is celebrating a huge jump in quarterly turnover
East Coast ports plan for biggest ships East Coast ports view expansion of Panama Canal with mix of fear and optimism as they mull plans to attract new-generation container ships
Weaker Seattle box exports
CMA CGM, Maersk Line plan to launch two joint services
'The Box' must keep moving A unique project by the UK's BBC News team involving the adoption and monitoring of a 40ft container commenced the second episode of the ocean voyage adventure this week when the container left Shanghai en route to Los Angeles; stuffed with consumer goods. The troubled liner industry desperately needs the BBC's customised box - and the other millions of unheralded anonymous containers - to be kept diligently employed, plying the world's tradelanes
Maersk and CMA CGM in new trans-Pac VSA
MOL ramps up anti-piracy measures
CKYH Alliance latest to cull Asia/North Europe services
Genius released Greek-controlled chemical tanker is reportedly set free by pirates after a ransom paid.
CSAV on watch Standard & Poor's expects to downgrade Chilean liner operator's credit rating as it takes a closer look at the shipping industry.
Crisis watch Worried about fallout from turmoil in the financial markets and need to know the latest news?
Horizon pays more US containership operator throws down $7.5m to bring voluntary debt payment tally to $17.5m.
Volatile Friday Many US shipping stocks hitched a ride on a late afternoon rally, but some owners lost more than 20% on a day of volatility.
Council pleas Secretary-General Efthimios Mitropoulos calls on UN Security Council to fight piracy, as the US prepares resolution to enhance piracy measures.
Two suspects Pilot and chief officer questioned by police following grounding of cement ship near Oslo.
Ransom row Union attacks UK foreign secretary over "no negotiating with pirates" comment as Vela talks with Sirius Star hijackers.
Asbestos ruling Insurers lose bid to limit liability to time mesothelioma cancer is diagnosed rather than contracted.
Frontline to divert Fredriksen-controlled tanker owner is negotiating with charterers to avoid the Gulf of Aden.
Somu suspends Argentine tug union stands down for 10 days in strike impacting Argentina's main ports.
Pal in need Struggling Indonesian shipyard banking on $60m government loan to help it through difficult times.
Torm storms Mikael Skov-led owner books 160% rise in third quarter profit, but analysts expected more.
CKYH cuts again Coscon, K Line, Yang Ming and Hanjin slashing another 30% of capacity to northern Europe in downturn.
Chairman quits Great offshore chief Sevantilal Parekh steps down with immediate effect due to poor health.
Breaker broken Russia's nuclear-powered icebreaker Sibir to be scrapped as new diesel-electric ship completes sea trials.
Dry month for HHI No new vessel orders for shipbuilding behemoth in October while engine contracts dive by 99% year-on-year.
MISC takes dip Malaysian giant hampered by rising costs and boxship losses in first half, but LNG provides stable earnings.
Port approval CMA CGM wins China's backing to develop two new boxship berths at Xiamen's Haicang port.
Croatian delay Start of shipyard privatisation process could be set back to December as talks with Europe continue.
TML hulls delayed Norway's SeaMetric International says its two heavylift ships building in China may be six months late.
Sado sadder Japanese ferry owner sees nine-month earnings eroded by higher costs.
Long Beach slides US west coast port sees container throughput decline by nearly 8% compared to October 2007.
USD 400 million in piracy insurance cover According to a survey among insurers and insurance brokers conducted by security consultants BGN Risk, already struggling shipowners now have to face increased insurance costs if their vessels pass through the Gulf of Aden. The company says to Lloyd's List ...
A.P. Møller-Mærsk to avoid Suez Canal A.P. Møller-Mærsk has sharpened its security policy for the company fleet due to the escalating piracy activity off the East coast of Africa. The company says that vessels with low free board and vessels without adequate speed will avoid ...
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