Share sale nod buoys Shipping Corp of India Shares in Shipping Corporation of India, the country's largest shipping firm, leapt by as much as a fifth yesterday after the Indian Cabinet approved a 10 per cent stake sale in the state-run company.
SITC drops 7.9% in debut trading in HK SITC International Holdings Co, a Chinese company that provides marine shipping services, fell on its first day of trading in Hong Kong as investors sold stocks on concern a slowdown in trade may hurt growth.
Houston Ship Channel opens to tanker traffic The Houston Ship Channel, which serves the largest US petroleum port, opened for inbound tankers and all outbound traffic after crews lowered the damaged electrical tower that closed the waterway, the Coast Guard said.
National Container Company names new directors National Container Company names new directors Russia's National Container Company (NCC) has chosen Vitaly Mishin to be the director general of its logistics terminals. The new hea...
Petrolesport receives new container crane The Finnish corporation Konecranes has delivered a container crane to Petrolesport in Russia. The new equipment is able to lift 50 t under the spreaders and can be deployed to load...
CMA CGM: a naming ceremony for world's largest Maltese-flagged containership CMA CGM, the world's third largest container shipping group, recently held a naming ceremony for the 11,400 teu "CMA CGM Pegasus" at Malta Freeport Terminal in ...
Task force from Thailand visits Frankfurt Intermodal Terminal A task force on Asean connectivity from Thailand's foreign ministry recently visited Frankfurt Intermodal Terminal, which is located in the H'chst industrial park (Frankfurt, Germa...
K Line to step in to rescue smaller owners Carrier ready to take over newbuilding deals of Japanese lines facing financing problems
K Line returns to profit
Japan's big three boosts earnings forecasts
Japanese majors point to long-term opportunities
Banks slash new lending capacity to owners Number of ship financiers that have cut their lending capacity has tripled in the...
Retreat by banks cuts owners' finance options
Korea Register urges greater Asian voice Asian shipping must step up contribution to industry overall
China must play bigger role in shipping
Bunker sales down 20% at smaller ports due to widespread slow steaming Ships making extra fuel stops at major hubs in order to avoid expensive prices...
Houston channel re-opens TANKERS are being given first access to the Houston Ship Channel after it re-opened today, Fairplay has been told
Teekay confirms Exmar JV TEEKAY LNG has agreed to buy a 50% stake in two LNG carriers owned by Belgium's Exmar
Pod woes mount for Regent REGENT Seven Seas Cruises has been forced to cancel a second sailing aboard the Seven Seas Voyager due to a malfunction of its Dolphin podded propulsion system
Antwerp port to invest €1.6Bn THE PORT of Antwerp announced today that it has approved an investment plan for the period 2011-2025, amounting to €1.6Bn ($2.2Bn)
Piracy court plan stalls PIRATES could be the winners in a dispute between the European Union and Mauritius if the Indian Ocean nation insists on the right to bring back the death penalty
Dockworkers charged over drugs NINE NEW York and New Jersey dockworkers have been charged over a multimillion-dollar drug trafficking and stock fraud scheme
Pirates 'kill' master PIRATES have killed the master of a UAE-owned ship in the Persian Gulf, Fairplay was told today
Tidewater pens PSV quartet Dean Taylor-led offshore owner inks $100m newbuilding deal with Drydocks World.
No fear for General Maritime Bank demand for asset sales is not a major headache for Peter Georgiopoulos-led shipowner, analyst explains.
Mitsubishi pens LPG fixture German gas player charters out ethylene carrier as Japanese trading titan continues its quest for LPG tonnage.
Greek grabs Nakata tanker Greek heavyweight shells out $14m to snatch products carrier from fleet of Tokyo-based shipowner, brokers say.
Tanker trouble to stay Top Ships boss Evangelos Pistiolis predicts a difficult years ahead for the VLCC market.
Fugro bags Middle Eastern MSV Dutch offshore owner coughs up $23m for Bahrain-flagged support vessel, sources say.
Polemis: 'Hold your horses' ICS chairman Spyros Polemis warns owners: 'I know you have the money, but stop ordering'.
Banks are backing Turkish owners Turkish shipowners are not facing lending cuts, according to Sadan Kaptanoglu.
Greeks set to talk about timing Greek Shipping Summit kicks off in Athens, with owners coming to terms with IMF monitoring of economy.
Solstad scores windfarm windfall Oslo-listed owner secures healthy payday for a vessel which was laid-up at the start of this year.
Banking big-wig in at TEN Former National Bank of Greece chief Takis Arapoglou joins shipowner's board.
Ofer plots $1.2bn STX splash Sammy Ofer's Zodiac is lining up an order for 10 mega containerships at STX Offshore & Shipbuilding, reports claim.
EMGS mounts 3D assault Norwegian owner squeezes more time out of EMGS offshore deal as PSV compiles 3D data.
Antwerp unveils big plans Europe's second-biggest port will spend EUR 1.6bn on upgrades and vessels by 2025.
Bridge loan forces Genmar sales New York-listed tanker owner must sell assets to meet terms of new bridge loan which also caps dividend at a penny.
Buy tag for newcomers RS Platou takes a shine to Saga Tankers and NOCC as it launches coverage of the Oslo-quoted companies.
Bulkers collide in Norway Marmaras vessel pushed by strong winds against Nissen Kaiun capesize at Narvik.
Pirates 'kill master' on UAE ship Sri Lankan captain said to have been stabbed and shot to death after bandits boarded Ocean Pride.
SCI shares surge in Mumbai Biggest jump for six years after India confirms it will sell 10% stake in shipowner.
Sevan Marine snares more cash Oslo-listed FPSO owner nets $83m loan to help repay a convertible bond.
Samho Dream back off Garacad Hijacked Korean VLCC ends latest mysterious meanderings by heading back to Puntland coast.
Shen Neng 'disaster' averted Impact of grounding of Chinese bulker on Great Barrier Reef could have been so much worse without effective response, report says.
MISC yard IPO eyes $660m Malaysia Marine & Heavy Engineering set target range for funds by owner in floatation attempt.
BW keeps Nexus stake Sohmen-Pao controlled group takes over former subsidiary APL's shares in FPSO player as part of Prosafe deal.
Rudder repairs sideline ferry Canada's Marine Atlantic down to two ships as Joseph and Clara Smallwood heads to shipyard.
Tanker grounds in Caribbean No pollution reported as storms rip Turkish vessel from its moorings at St Kitts.
More buildings bother for Latvian Riga tanker owner seeks out-of-court protection for another of its property subsidiaries.
NYK orders new slurry ship Japanese shipowner to replace troubled 1990-built bulker after agreeing new deal with Kiwi miner
Rise in idle boxships looms Weakening demand likely to lead to increase in number of laid-up vessels, says Alphaliner.
FMG settles last dispute Payout to Armada (Singapore) brings Australian iron-ore producer's long running series of disputes to a close.
Ferry and fishing boat collide Investigation begins after Canadian ship hits small vessel off Newfoundland, although no-one injured.
Kenya ends pirate-agreement Kenya has ended the agreement with the USA, EU and a number of countries to receive, try and imprison sentenced Somali pirates, the Kenyan daily Daily Nation writes. The agreement
Polferries closes ferry service to Copenhagen Polferries (Polska Zegluga Baltycka S.A.) terminates the ferry service from Swinoujscie to Copenhagen at the end of October. In the future passengers and cars will have to use Polferries' service
Swedish Club enters offshore sector from Oslo office The Swedish Club steps into a new business area, property and loss of hire cover for mobile offshore units, including FPSOs. A new office will be set up in Oslo
Little progress at IMO's MEPC 61 No agreement on how to proceed with the IMO's climate change strategy and a clear division between developed and developing countries is what attendants at last weeks MEPC 61 are
Farewell to the Flyvefisken-class The Danish navy held a farewell parade for the remaining four ships in the Flyvefisken class on Monday October 4. The class of ships will be withdrawn from service and
Oil tanker runs aground following fuel delivery Second such incident for vessel this year, no pollution reported.
Bunker market firms in Rotterdam Not much volume in Hamburg market
Bulls push energy complex higher Not too late for consumer hedgers to lock-in protection against further upside moves.
'Growing demand' for fuel-saving technology Applied Weather Technology positioning itself in Asian markets.
Port strike threatens to spread to refineries Strike disrupting bunker deliveries enters its tenth day.
IMO's sulphur monitoring programme to be expanded Initial report shows more than half of distillate fuels have sulphur content of 0.10% or less, meeting EU and voluntary sulphur standards.
Bunker award open for nominations Singapore looking for 'outstanding supplier or bunker tanker operator'.
Uptrend for mid week bunker prices Demand mixed at key Asian bunkering hubs, traders say.
New head for Kittiwake's US operations CEO was 'attracted by Kittiwake's commitment to research and development'.
Australia gets thumbs up for bunker spill response Incident response was 'well-resourced and well executed', says consultancy.
APL switching to low sulphur bunkers in Hong Kong Growing momentum to switch to cleaner fuel 'at berth' in a bid to reduce emissions at the port.
Californian port launches cold ironing facility for cruise ships Port of San Francisco first in the state to provide shoreside electrical power for sector, says EPA.
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