Inmarsat counts on well-priced services SATELLITE communications provider Inmarsat is hoping its recent launch of new products will help it ride through the downturn by offering more reasonably priced services for cash-strapped companies.
Backbone of the maritime industry YOU may be sitting in Singapore enjoying a German beer, driving a Japanese car or browsing through a store selling Chinese goods. In all these cases you have benefited from the services of a professional seafarer.
Baltic Dry Index posts longest drop on slowing demand The Baltic Dry Index, a measure of shipping costs for commodities, fell for an 11th consecutive decline, the longest drop since April, as demand for iron ore from Chinese steel mills slowed.
Evergreen, Cosco to raise rates on US-Asia routes
Daewoo wins US$650m tanker deal
Crew repairs drifting freighter's engines
Croatia delays sale of shipyards
Supertanker supply for Mid-East routes rises
Long-range clean tanker rates steady
Strait Talk
Where does COP15 leave shipping? SO, AFTER all the hype, all the build-up, the United Nations Climate Change Conference (COP15) at Copenhagen turned out to be a near total fiasco.
Inmarsat counts on well-priced services SATELLITE communications provider Inmarsat is hoping its recent launch of new products will help it ride through the downturn by offering more reasonably priced services for cash-strapped companies.
Backbone of the maritime industry YOU may be sitting in Singapore enjoying a German beer, driving a Japanese car or browsing through a store selling Chinese goods. In all these cases you have benefited from the services of a professional seafarer.
Baltic Dry Index posts longest drop on slowing demand The Baltic Dry Index, a measure of shipping costs for commodities, fell for an 11th consecutive decline, the longest drop since April, as demand for iron ore from Chinese steel mills slowed.
Evergreen, Cosco to raise rates on US-Asia routes
Daewoo wins US$650m tanker deal
Crew repairs drifting freighter's engines
Croatia delays sale of shipyards
Supertanker supply for Mid-East routes rises
Long-range clean tanker rates steady
Strait Talk
Where does COP15 leave shipping? SO, AFTER all the hype, all the build-up, the United Nations Climate Change Conference (COP15) at Copenhagen turned out to be a near total fiasco.
EPA revamps emission rule TODAY'S much-anticipated final rule on the US 'Emission Control Area' features two major concessions to shipping: on exhaust scrubbers and the Great Lakes
Cargo ship sought over death A SEARCH is under way for a cargo ship suspected of being involved in a fatal collision in the Channel on Sunday, Britain's Maritime & Coastguard agency has told Fairplay
EC warns on handling charges THE EC has said its repeal of the block exemption on terminal handling charges has sparked a sharp rise in the fees in virtually all European ports
Repaired bulker heads to safety BULKER APJ Suryavir is today steaming toward Portland, Oregon, after its crew rescinded an earlier call for US Coast Guard aid
Euroseas teams with funds EUROSEAS today announced a joint venture with New York investment funds Eton Park and Rhone Capital to pursue shipping acquisitions
Paris warned on shortsea FRANCE'S Short Sea Promotions Centre has warned that government spending neglect could hinder development of sea motorways
Spanish fine Rock company ALGECIRAS has heavily fined a Gibraltar bunkering company after its tankers ran aground this morning in a storm
FMM acts After Brazil promises $8.5bn in new ship and yard financing, fund authorises funding for 155 vessels and a slate of shipyard construction projects.
Birth at sea Assistant officer on Leonhardt and Blumberg containership gives birth to daughter off Brazil.
Pittas power Euroseas ups spending power after teaming up with two hedge funds in $175m joint venture.
CSAV raises cash CSAV shareholders auctions off $21.8m in shares as $360m capital raising drive continues.
Back for more Island Offshore places $140m newbuilding order at STX Europe as boss Havard Ulstein suggests the large PSV sector will be the first to turn.
Liner losers Leading boxship operators rack up an aggregate loss of $11bn in opening three quarters of 2009, says Alphaliner.
Double deal Oceanteam sells slice of two ships to McDermott International, with the US construction outfit hiring the pair for five years.
French connection CMA CGM returns four laid-up vessels to the market as slow steaming helps cut the number idle box ships.
Change at Trico US offshore owner appoints Rishi Varma as COO after he played a key role in its battle with Christen Sveaas earlier this year.
Container carriers losses reach USD 11 billion Based on nine-month reports from 16 of 22 top liner companies, Paris-based Alphaliner has calculated their combined operating loss at USD 9 billion. The operating result for the
STX to build two new offshore vessels STX Europe has signed an agreement with Island Offshore to build two platform supply vessels. The total value of the contract is NOK 800 million. The vessels will be built
Wilson to leave NSA The dry-bulk shipping company Wilson leaves the Norwegian Shipowners' Association as the company thinks the association does not do enough for coastal vessel owners. The company also claims that
Hurtigruten winds up fast ferry activities The Norwegian Coastal Express, the Hurtigruten, will sell three fast ferries and charter out two to end its fast ferry involvement by the end of the year. Two ferries, the
Gothenburg included in Finnlines' traffic to Spain In January 2010, Finnlines will open a new weekly ro-ro service ' Kotka'Helsinki'Gothenburg'Bilbao'Antwerpen'Helsinki. The Swedish-flagged ro-ro vessels Finnmill and Finnpulp will be employed
Bunker prices weaken in Rotterdam Gibraltar congested after bad weather closure.
Fujairah price continue to fall Not much bunker demand in Middle Eastern bunkering hub.
Exclusive: Disappointment at IMO as COP15 bunker deal slips away 'Nearly agreed text' on bunkers at COP15 would have allowed IMO to 'do its job' says official.
Petersburg Oil Terminal mulls expansion Fuel oil transshipment hub also expecting possible record throughout in 2010.
Lukoil in deal to develop bunkering infrastructure State-private partnership to cooperate on port and bunkering vessel development.
Singapore demand mixed on upcoming holidays Meanwhile Busan traders take different views on supplies for January.
Indian refiner to sell January fuel cargoes Fuel oil market flooded with supplies for the past three months.
The end of global warming Science to 'bury global warming in an icy grave where it belongs'.
Is short delivery of bunkers common?
Global ports 'urged' to publish bunker sales figures Singapore and Rotterdam lead by example with official statistics; industry welcomes more information, poll shows.
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