Iran navy tests surface-to-surface cruise missile as part of drill Iran's navy said that it test-fired a surface-to-surface cruise missile yesterday during a drill in international waters near the strategic Strait of Hormuz, the official IRNA news agency reported.
Austal may start production at Cebu shipyard in Q1 AUSTRALIAN shipbuilder Austal expects to begin building vessels at its newly acquired Philippine shipyard in the first quarter of 2012, depending on orders. And it will be investing US$5 million to upgrade the shipyard's existing facilities.
Grounded cargo ship off NZ breaks up into two pieces A Liberian-flagged cargo ship that grounded on a New Zealand reef almost three months ago has effectively broken into two pieces, New Zealand's shipping authority said yesterday.
Oil tanker operator Frontline completes revamp
Indonesia rescues hijacked tug boat
Aviation News
Jamaica coming alive with Kennedy airport arrivals A steady stream of travellers dragging wheeled suitcases and speaking a Babel of tongues is helping revive downtown Jamaica, a vibrant hub of the borough of Queens that weathered several decades of decay and crime.
Iran navy tests surface-to-surface cruise missile as part of drill Iran's navy said that it test-fired a surface-to-surface cruise missile yesterday during a drill in international waters near the strategic Strait of Hormuz, the official IRNA news agency reported.
Austal may start production at Cebu shipyard in Q1 AUSTRALIAN shipbuilder Austal expects to begin building vessels at its newly acquired Philippine shipyard in the first quarter of 2012, depending on orders. And it will be investing US$5 million to upgrade the shipyard's existing facilities.
Grounded cargo ship off NZ breaks up into two pieces A Liberian-flagged cargo ship that grounded on a New Zealand reef almost three months ago has effectively broken into two pieces, New Zealand's shipping authority said yesterday.
Oil tanker operator Frontline completes revamp
Indonesia rescues hijacked tug boat
Aviation News
Jamaica coming alive with Kennedy airport arrivals A steady stream of travellers dragging wheeled suitcases and speaking a Babel of tongues is helping revive downtown Jamaica, a vibrant hub of the borough of Queens that weathered several decades of decay and crime.
MCA trio in new year honours list Queen recognises maritime safety contributions
Zim fails to reach deal on covenants Parent Israel Corp will need to class $2bn as short term debt
Cracked Genmar vessel cargo to be removed Authorities bill STS move as 'precautionary'
Hamburg Süd downgrades profit expectations German box line will be happy with 'black zero' on its bottom line
HSH Nordbank files notice of appeal in Omega Navigation Chapter 11 case Houston bankruptcy court battle set to rage on as cash collateral hearing set for January 9
Frontline restructuring gives tanker giant new lease on life New Fredriksen-backed Frontline 2012 completes vessel purchases, takes on debt and newbuilding commitments
Maersk boss recovering from surgery Andersen expected to be off work for one month after December 30 hospital admission
The real fight begins The realignment of the container industry in 2011 was extraordinary, but it is just a first step
Knudsen quits as boss of Eitzen successor Chairman Figenschou steps into role
Owner acknowledges Vinalines Queen sinking Some 22 seafarers still unaccounted for
Asia-Europe box battle hots up New order taking shape in Asia-Europe box trades after frenetic month of horse-trading
Zim misses deadline ZIM parent Israel Corp admitted today that it has not obtained covenant waivers from lenders, potentially forcing Zim's long-term debt to be reclassified as current liabilities
US ethanol tariff dead AMERICA'S controversial $0.54/gallon tariff on imported ethanol has expired, opening the door to future Brazilian tanker cargoes
Top nears drybulk exit NASDAQ-listed Top Ships has confirmed the loss-making sale of the Pepito, leaving it with one remaining bulker in its shrinking fleet
Zim Misses Deadline on Debt Zim Integrated Shipping Services failed to meet a Dec. 31, 2011 deadline to obtain concessions or amendments to financial covenants...
A.P. Moller-Maersk CEO Has Emergency Heart Surgery A.P. Moller-Maersk CEO Nils Andersen underwent emergency heart surgery in Switzerland over the New Year, the parent of container ship...
Fujairah prices climb to start the New Year Durban sees market soften.
Bunker markets see slow start to 2012 'Almost zero activity has been seen in the market since most of the world is on holiday.'
Frontline completes restructuring Several of its newest vessels sold to spin-off company Frontline 2012 which was formed to help tanker giant to survive market crisis.
Government oil firm takes stake in Fujairah terminal project Gulf Petrochem Group's 412,000 cubic meter storage terminal project due for completion in September 2012.
Suriname: Lump sum introduced for small barge deliveries Volumes of less than 100 mt, or 50 mt for MGO only, now subject to a barge lump sum.
Forward-thinking container feeder vessel design announced 2,000 TEU vessel design said to be up to 25% more fuel efficient per container and comes prepared for ECA and zero-emission port operations.
Bunker prices down in Busan Public holiday in Singapore, Hong Kong and Tokyo Bay on Monday.
Chinese shipper eyeing opportunities in 2012 Industry has entered 'winter season', says Chairman of China Shipping.
Cargo ship towed away after drifting towards Chennai coast OSM Arena repositioned to deeper waters in Chennai's INS Adyar region.
No 'significant amount' of oil spilled as Rena splits in two Boxship breaks in two after facing rough weather conditions over the weekend.
Most environmentally friendly OSV delivered in US Harvey Supporter holds 'ENVIRO+, Green Passport (GP)' certification by ABS.
2011 tanker market shows 'virtue' of slow steaming Effects of slow steaming on the spot market should not be 'understated,' says Poten & Partners.
South China fuel oil imports plummet 51% on-month Imports decline in line with low buying interest from bonded bunker players.
Brightoil seeks shareholders approval on $75 million acquisition Proposed acquisition recommended by an independent board committee and independent financial adviser.
Major Asian ports in compliance with new sulphur cap Singapore, Hong Kong, Busan and Tokyo Bay offering marine fuels with 3.50% sulphur limit.
A.P. Moller-Maersk CEO falls ill Doctors expect Nils S. Andersen to fully recover following a surgery in Switzerland.
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