US Shipping defaults on debts, in talks with lenders US Shipping Partners LP, a carrier of petroleum products, is in talks with lenders after defaulting on US$333 million of debt, becoming at least the fifth shipping line worldwide to succumb to a collapse in cargo rates.
Armada owes US$500m to creditors Armada (Singapore) Pte, which won Singapore court protection this week, said it owes at least US$500 million to creditors including Kawasaki Kisen Kaisha Ltd after the price of hauling coal, ore and grains collapsed.
Japan seeks Australia's help to thwart activists With the annual battle between Japanese whalers and their opponents heating up again, Japan said on Tuesday that it would formally ask Australia to keep anti-whaling activists and their ship, the Steve Irwin, from refuelling at Australian ports.
River Fal forced to turn away ships as space runs out REQUEST to lay-up seven vessels rejected as river runs out of capacity
Steel price slump could reduce cost of newbuildings MASSIVE falls in steel plate prices could see the cost of newbuildings fall for the first time in five years
Ukraine gas conduit runs dry RUSSIA gas supplies to Europe through Ukraine dried up today as the dispute over payments rumbled on
Houston Refining files Chapter 11 LYONDELLBASELL Industries is seeking Chapter 11 bankruptcy protection for its US operations, including Houston Refining and more than a dozen Gulf Coast chemical plants
Analysts hail Norden ship sale NORDEN'S decision to sell six bulk carriers is a shrewd move motivated by attractive sale prices at a time of poor drybulk rates, analysts told Fairplay today
Mærsk cuts 100 jobs in shuffle DANISH shipping giant Mærsk will axe about 100 jobs as it reorganises its headquarters in Copenhagen, a spokesman told Fairplay today
Seaway traffic fell 5% in 2008 A STEEP drop in US grain exports and lower steel imports translated into a 5% decline in traffic for the St Lawrence Seaway during 2008, its managers have reported
Turkish bulker and crew released PIRATES have released a Turkish bulker and its 20 crew
Canadian coal cuts ahead CANADA'S West Coast coal shipments will be reduced because of production cuts at two northeastern British Columbia mines
Uproar over plan to shut Saturday truck gates at Port of Los Angeles-Long Beach Marine terminal operators at largest U.S. import gateway cite decline in container traffic for decision to close costly extended gates
Uproar over plan to shut LA-Long Beach Saturday gates
APL moving HQ to Phoenix
CBP holds 10+2 sessions
US Customs advises on Canada port diversions
Chamber: Free trade pacts should top Obama agenda
Grain hits Seaway volumes
California stevedore sues for work at Port Everglades
NAT seeks cash Herbjorn Hansson-led Nordic American Tanker Shipping preps new share issue to poise itself for more vessel buys.
California sues State agencies sue owner, operator and pilot of the Cosco Busan a year after a fuel oil spill of San Francisco.
Chem player files On the line for millions of dollars to shipping companies, chemical company and tanker charterer LyondellBasell seeks bankruptcy protection in New York.
'We paid ransom' Advisor to Turkish owner of released bulker Yasa Neslihan says money delivered by airdrop.
Bulker view cut Oppenheimer analyst slashes dry-bulk rate and earnings forecasts as a soft market keeps break-even rates barely covered.
Charterer folds Oilexco North Sea files for insolvency in the UK but is hopeful of finding a buyer.
Maersk axes 100 Reorganisation of headquarters due to trading pressure leads to further job losses at Danish giant.
Yasa Neslihan free Turkish ship held for 10 weeks by Somali pirates reportedly released with 20 crew all well.
OWS trips up two Oily-water separator violations lead to car carrier and tanker detentions, among nine ships held in the United States.
Leda ransomed? Bourbon vessel and crew seized off Nigeria freed but owner leaves more questions unanswered.
Rate drop Philippines ro-ro players Aboitiz and Negros Navigation likely to lower prices as fuel burden eases.
MCA's man UK coastguard agency appoints Carnival UK fleet general manager Philip Naylor as director of maritime services.
Ka-shing! Hong Kong billionaire port owner Li Ka-shing could get even richer with bank share sell off.
Courage offloads Singapore-listed bulker operator continues its fleet re-jig with disposal of panamax bulker.
Careless clash Boxship, fishing vessel spotted each other on radar 10 minutes before UK collision, but neither monitored situation.
Shanghai soars SIPGC, operator of China's biggest port, says 2008 profit up 27% as volumes grew.
Ro-ro mission Philippines' Star Horse Shipping brings in Korean ship on vital 'missionary' route from Batangas to Marindugue.
Gone by August Dutch salvor GRM says remains of MSC Napoli will finally be removed from UK beach this summer.
Aegean in Morocco Nikolas Tavlarios-led bunker company ties-up exclusive agreement with new Moroccan port.
Crush hour Kenyan commuters injured in rush for only ferry left operating across Likoni channel in Mombasa.
No Lloyd Werft takeover for Fincantieri Italian Fincantieri will not take over the German repair yard Lloyd Werft. In may 2006 Fincantieri acquired 21.1 per cent of the shares in Lloyd Werft for 8 EUR million and the company had an option to acquire 51 ...
Market downturn gives Nor-Shipping upturn Nor-Shipping 2009 expects this year's event to be the biggest in its forty year history. The exhibition is practically sold out, even after the introduction of a new exhibition hall which increases the capacity by 30 per cent. 'We ...
Chinese warships to Somalia On Monday three Chinese warships arrived to the waters off Somalia to fight piracy. Vessels registered in China or Chinese vessels registered abroad will be eligible for protection as convoying, Fairplay reports. Some days ago the French navy's vessel Jean ...
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