ST Marine inks navy ship maintenance pacts ST Marine yesterday signed separate agreements with French defence contractor DCNS and Swedish submarine builder Kockums to set up maintenance joint ventures for the Republic of Singapore Navy (RSN).
April container figures down The March container throughput figures for the Port of Singapore proved to be a bit of a false dawn. Overall throughput slipped month-on-month and year-on-year in April. Maritime and Port Authority (MPA) figures show that April throughput fell to 2.09 million 20 ft equivalent units (TEUs), from 2.19 million in March and 2.53 million in April 2008.
Scrapping of tankers on the cards Supertanker owners may scrap vessels in the next several months after rental incomes extended their decline, according to Halvor Ellefsen, a shipbroker at SeaLeague AS in Oslo.
Hapag-Lloyd's UK staff vent anger over redundancy clause SHORESIDE staff accuse company of reneging on a generous redundancy clause in their employment contracts.
Hapag-Lloyd loses $302m as freight rates and volumes tumble
Fredriksen woos Tui shareholders with cash offer JOHN Fredriksen offering significant amount of fresh money if Tui changes strategy and management.
Bill calls for shake-up of UK navigation authorities SPOTLIGHT on Trinity House as Marine Navigation Aids
Flu fears hit Barbados port CONCERNS over swine flu have impeded disembarkation of the 2,758-passenger Carnival Victory in Barbados today, but the cruise line disputed a report that the ship had been quarantined
Seaspan discloses delay details BOX SHIP owner Seaspan Corporation has revealed new information on deferral options for 15 of its 33 newbuildings
Caracas seizes Lake Maracaibo oil OIL OPERATIONS at Venezuela's Lake Maracaibo are now under state control, government officials have confirmed
Shippers go direct DISTRIBUTION strategies in several industry sectors are being remodelled in a move that creates new challenges and opportunities for shipping lines and container logistics operators
Prison for execs Former Horizon Lines and Sea Star Line executives are sentenced in a US federal antitrust case.
Guilty plea Fleet Management asks judge to enter a guilty plea on two counts in the Cosco Busan spill.
Canadian stake Canadian Forest Navigation (Canfornav) emerges as a significant minority shareholder in Hong Kong's Pacific Basin.
Duo to be sold SBM Offshore says it expects to sell two Caspian Sea offshore units as it reports a stable outlook for the year.
Ultra headache Ultrapetrol unit UABL facing threat of $2m fine after Paraguayan customs complain of undeclared bunker purchases.
MPP breakdown General average declared after Greek-owned multipurpose ship suffers machine failure in the North Atlantic.
NAT down Stock falls nearly 11% as US-listed tanker owner prices its new $128m share offering.
Ahead for now Tidewater beats Wall Street profit forecasts for the fourth quarter, but results show signs of weakening market, analyst says.
Feeling the crunch Clarkson chairman Bob Benton says global turmoil has hurt the shipbroker's revenue this year, but there is hope for its sale and purchase and research units.
Jutha falls back Thai general cargoship owner hampered by higher costs in first quarter as profit drops.
Fesco ship held Russian bulker and Torbulk ship only Maritime & Coastguard Agency detainees in April.
Sveaas hits out Norwegian investor lands another punch in his long-running battle with Trico Marine.
Yard scramble 35 bidders line up for next week's asset sale at Poland's Gdynia and Szczecin shipyards.
Cash call bonus Number of vessels with fixed premium P&I cover passes the 15,000 mark.
Greek to scrap Paris Dragnis-led Goldenport will most likely send two elderly boxships to the breaker's yard.
No spread Female Royal Caribbean crew member looks unlikely to have passed swine flu virus on.
Ultrapetrol flops Felipe Menendez-led shipowner sees first quarter profit tumble as income from its three shipping units falls.
DFDS dives Slump in volumes sends sales plunging as loss widens at Niels Smedegaard-led ferry owner in first quarter.
Box fresh AP Moller-Maersk container line Safmarine appoints Tomas Dyrbye as new CEO.
Naikai rises Annual profit up over 40% at Japanese yard Naikai Zosen but tough half year lies ahead.
Hitachi on track Japanese yard Hitachi Zosen fulfils latest annual profit forecast and eyes stronger result this year.
Ferry grounds No injuries reported among 200 passengers on German ship that lodged off Frisian island of Juist.
Deep Sea slips Odd Brevik's Deep Sea Supply sees bottom line lowered by slack spot market and reduced sales gains.
Anek seals deal Greek ferry owner to buy 33.35% of Hellenic Seaways from Minoan Lines for EUR 125m.
Back in action Fredriksen returns to the consolidation game after taking 5% stake in Singapore offshore player.
Toei triumphs Japanese reefer line pushes up annual earnings and expects more again this year.
Cruise terror UK couple reveal night of fear after MSC Melody cruiseship attacked by Somali pirates.
Fund raising Hong Kong handysize specialist Pacific Basin looks to tap investors for close to $100m in fresh funds.
Bid made Hyundai Heavy Industries has submitted its offer to take over trading company Hyundai Corp.
DFDS sells the Queen of Scandinavia DFDS has announced the sale of their surplus passenger vessel the Queen of Scandinavia to an as yet unknown buyer for DKK 175 million. The vessel will be delivered in
Framnes afloat At midnight, the Framnes was pulled of the shoal east of the island of Aksi near the port of Muuga by Estonian PKL's tugs Mars and Eridan after which the
Boat overturns 'throwing fuel containers overboard' Investigation into incident off Florida Keys continues.
FBMA launches fuel efficient vessel Wightlink catamaran expected to result in 45 percent fuel savings compared to existing vessels.
Prices continue to firm in the North Bunker prices a touch softer in Southern Europe.
Oil still jittery after sharp US inventory draws Choppy trading on NYMEX as bullish DOE report is preceded by negative US economy figures and OPEC forecast.
Fuel provider has 'war chest' for growth Report says WFS ready to invest in its UK acquisition.
Deeper Q1 losses for DFDS But lower bunker prices help company improve result for passenger shipping.
Bunker prices rise mid-week Singapore bunker prices the highest riser in Asian key ports.
Singapore bunker sales down 7.8% in April Sales of high-viscosity 500 cst bunker fuel buck the trend.
Supplies of 380 cst product resume in Manila Resumption ends six-month supply break.
EIA further cuts demand forecast Expects WTI crude to average $55 later this year and $58 next year.
Sinobunker makes first delivery in Zhanjiang Plans to expand into Shenzhen and Guangzhou port regions.
Bharat plans expansion Refiner says it plans to supply 380 cst bunker fuel in all Gujarat ports.
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