Somali pirates paid US$4m ransom A helicopter dropped a US$4 million ransom payment yesterday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said.
China tells growth targets CHINA still plans to be top dog in economic growth in 2010, with its commerce ministry predicting a 10% first-quarter increase and an average of 8% for the year
27 sought in ferry sinking RESCUERS are searching today for 27 people missing after a ferry and a fishing vessel collided in the Philippines
Edge in pipeline Ping-Pong? ALEXANDER Tarakanov, CEO of Trans-Balkan Pipeline, predicted today that his crude transport scheme will be able to fight off the threat from the Samsun-Ceyhan pipeline alternative
Fuel spills at Novorossiysk A FUEL spill has reportedly taken place in the Russia's Black Sea port of Novorossiysk
TNK-BP to sell oil via Kozmino BRITISH-Russian oil concern TNK-BP reportedly plans to sell 500,000 tonnes of Eastern Siberia-Pacific Ocean crude from the Far Eastern Russian port of Kozmino in the first quarter of 2010
Tokyo Gas hastens terminal TOKYO Gas has reportedly announced it is bringing forward the start date for its new Hitachi LNG import terminal by two years to 2015
Windfarm hazards worry shipping BRITAIN'S Chamber of Shipping has warned that the UK has failed to conduct a proper consultation with shipping about navigational hazards involved in offshore windfarms
Thor arrested Vitol secures order from US court to hold bulker to obtain $9.3m judgment from the Primerose Shipping and the Kalogiratos group.
More for Kayne Investment firm Kayne Anderson lifts stake in Navios Maritime Partners to more than 12.5%.
Golar LNG surges LNG carrier owner's shares rocket a day after it confirms dividend in the form of Golar LNG Energy shares.
Relief for Omega Analysts say Omega Navigation's joint venture deal with Glencore and order changes resolve capex concerns.
Yard revealed Brokerage sources say Safe Bulkers' latest newbuilding acquisitions are to be built at Japan's Imabari.
Ole's 1st scrapped Ole Skaarup-designed self-unloader, thought to be the first modern bulk carrier, ends its trading life as it reaches a Chinese scrapyard.
Collision kills 4 Numerous ships participate in search for 23 missing after wooden ferry and fishing boat collide off the Philippines.
Christmas cash Knightsbridge Tankers may use $120m proceeds of share issue to expand fleet or pay off debt.
Double first Hudong-Zhong Shipbuilding bags its first order of 2009 as Ningbo RongSheng makes its newbuilding debut.
Comeback on North Sea market recovery expected in the second half of 2010, leading offshore shipbroker says.
Vafias takes two Stealth Maritime of Greece takes delivery of pair of tankers from Far East shipyards.
Door still open Flood of departures from India's West Asia Maritime continues with $5m panamax sale.
State yard plan India readies new $800m state shipyard to fill the void created by HSL's transfer to the defence ministry.
Call off duty Canada to bin costly levy on the import of foreign-built vessels, it is claimed.
Citi in charge Bank wins race to handle the latest attempt to sell Daewoo Shipbuilding & Marine Engineering.
Two becomes one Arcadia Shipping cuts its fleet in half following the sale of an ageing bulker.
Canada reminds shipowners of bunker convention ratification Ships will be required to possess certificate of financial responsibility from January 2, 2010.
Little trading to end short week Americas markets mostly closed as holiday approaches.
Fuel spill after ice survey tug runs aground Crowley vessel experiences damage to two fuel tanks.
Bunker prices firm across Europe Little activity in north European hubs.
Fujairah prices continue to firm Low demand in Durban.
Absence of bunker deal 'dilemma' for clean technology COP15 gave no clear signal to investors.
Prices climb on Christmas Eve Double-digit increases in Asian bunker prices.
Iran earns $844 million from bunkering Revenue expected to continue rising to $1.2 billion by March next year.
Singapore residual fuel stocks slump Fuel oil inventory at two-month low as buying interest revives.
Lanka IOC faces backlash for undercutting market LIOC sacrifices margins to build volume.
West Coast prices follow Asia's lead Crude futures expected to head up to $80 a barrel.
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