K-Line to deepen cost cuts, reduce European routes Kawasaki Kisen Kaisha Ltd, Japan's third-largest shipping line by sales, may cut as much as three billion yen (S$44.4 million) in additional costs and reduce European container routes as rates plunge.
Drydocks delivers two jack-up barges Drydocks World-Southeast Asia (DDW-SEA), the regional unit of Dubai-based Drydocks World, has signalled its growing prominence in the construction of specialised vessels with the delivery of two jack-up barges meant for wind-farm construction in European waters.
EU preparing to cap shipping emissions The European Commission is preparing measures to cap carbon emissions from shipping if the global maritime industry fails to come up with its own proposals soon, an official of the EU executive body said on Tuesday.
US containers slump 21% US BOX imports are now expected to slide 21% during the first half of this year ' a far steeper drop than predicted
Vale confirms price cuts BRAZILIAN mining giant Vale agreed today to sharp 2009 price cuts for iron ore and pellets shipped to Japan's Nippon Steel Corporation and South Korean steel and construction company POSCO
BHP cuts coal contract prices BHP BILLITON today announced a 58% cut in it's annual metallurgical coal contract prices for its main customers, in a response to falling steel market
Is Russia milking this dispute? RUSSIA'S consumer protection service has barred imports of milk and dairy products from Belarus
Orinoco Iron in COA suit VENEZUELAN hot briquette iron producer Orinoco Iron is being sued for $17.8M by shipowner GBSMT for allegedly breaching its Contract of Affreightment
EC extends management scope THE EC has extended the scope on government aid to ship management companies. Full Story
Windy weapons against pirates MONSOONS constitute a secret weapon against pirates, according to a military advisory
Big US drawdown US crude stocks fell by 4.4 million barrels last week, far more than what analysts had expected.
OSG shares fly Overseas Shipholding Group shares leap by 15.3% after holding the line on its dividend.
Billung bullish Golden Ocean chief hopeful that bulkers can avoid another crash next year.
Ore still soaring China buying spree continues as country's imports 55.5 million tonnes of iron ore in May.
Navig8ing out Singapore products tanker owner cuts stake in Nasdaq-listed rival Aries Maritime Transport.
No cigar Christen Sveaas routs chairman Joseph Compofelice in Trico election, but Kistefos proposals appear to lack required margin.
Bigorange peeled Production shut-in after Wilhelmsen-managed well-intervention vessel and ConocoPhillips platform are damaged in a North Sea collision.
Smokin' The DNV Norshipping barbecue proves the hottest ticket in town.
Casualty file Weekly WebTV roundup of casualty incidents revisits industry deaths aboard Flight 447 and pirate routs off Somalia.
Bergen bags giant Pal Engebretsen-led yard to built DP-3 construction vessel for K-Line linked German owner.
Box burden Nordea's Carl Steen believes German banks have been hamstrung by containership exposure.
Distress success Talk to banks and yards to find cheap asset deals, SFM's Lars Solbakken advises.
Ditch the lot All bulker newbuildings would be cancelled in an ideal world, according to Michael Bodouroglou.
Bond bonanza John Fredriksen's Seadrill is in line for a profit of nearly $90m from sale of two newbuildings thanks to its share in Petromena bond loan, analysts say.
Scrap scrape Cash buyer GMS lambastes Mauro Balzarini's views on conditions at Alang as "mythical".
IACS given chance Class society body faces huge fine if it does not stick to commitments to settle EC antitrust case.
Car cash Per Ditlev-Simonsen's Eidsiva Rederi secures near $30m deal which will keep car carrier trio working until 2011 and 2012.
Red Sea risk Combination of monsoon season and increased naval presence pushing pirates west of Gulf of Aden.
Mermaid scores Thoresen Thai's offshore arm wins work in Brazil and Thailand potentially worth up to $30m.
Unscathed! Hellenic War Risks Club survives year of pirate attacks and financial upheaval less than $1m the poorer.
Yujin inches up Singapore small tanker operator sees profits rise, but expects tougher conditions going forward.
Singapore bound Chinese petroleum company Brightoil says it plans to start up a bunkering operation in the Lion Republic.
Good beginning of the year at The Swedish Club The Swedish Club has had a positive overall trend in the first half of the year, managing director Lars Rhodin told the members at the club's AGM. Claims are declining
Delayed delivery on Odense ro-ros Odense Steel Shipyard has received around USD 24 million in compensation from Hong Kong based Pacific Basin for the delay in delivery of four ro-ro vessels on order. Pacific
Clipper cuts 41 Danish jobs Clipper Marine Service, the technical management area in the Clipper Group, will replace 41 Danish citizens with citizens from the Baltic states. Furthermore, Clipper will abandon the scheme of taking
Stena Bulk in joint venture with Japanese shipping company Stena Bulk and Asahi Tanker Co have formed a joint venture company, which will invest in tonnage of varying sizes. Initially, the focus will be on investments in and/or
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