Immigrants Try Floating In On Inflatable Mattress
Two Lithuanian illegal immigrants tried to float to Britain on an inflatable mattress but were spotted at sea and taken back to France. The two men were sighted…
ISH Put On Watch After Announcement
Standard & Poor's placed its ratings for International Shipholding Corp. (ISH) on CreditWatch with negative implications. The CreditWatch placement reflects the…
P&O Princess Cruises Assigned Negative Outlook
Fitch, the international rating agency, has affirmed the Senior Unsecured 'BBB+' and Short-term 'F2' ratings of P&O Princess Cruises (POPC), the world's third largest cruise operator.
Malaysian Port To Receive $263M Infusion
A Malaysian port 30 percent owned by Danish shipping giant Maersk Sealand is expected to receive a $263 million government loan for expansion, Reuters reported.
Fire Guts Ship
A Sao Tome-registered ship carrying charcoal from Somalia to a Gulf Arab state was gutted by fire while sailing near Yemen's Soqatra island in the Arabian Sea, Reuters reported.
Weather Shuts Down Sydney
Strong winds and high seas forced authorities to close Sydney's port to passenger and cargo ships on Saturday. Winds of up to 59 mph lashed the coast of New South Wales state…
Crewman Indicted On Smuggling Charges
A crewman aboard a Greek tanker which docked in San Francisco last weekend has been indicted on smuggling charges after authorities found hundreds of pounds (kilograms) of cocaine aboard the vessel.
ANS Crude Sold At Discount
A cargo of Alaska North Slope (ANS) for September delivery was sold to a California refiner at a discount of $2.75 a barrel to September West Texas Intermediate (WTI) crude.
GOM Rig Utilization Sags
Offshore rig utilization in the U.S. Gulf of Mexico hit a 13-month low during the week ending July 27, according to ODS-Petrodata Group. U.S. Gulf of Mexico rig…
Containership Volume To Slow
The giant containerships, which act as a floating conveyor-belt for international trade, are struggling to maintain volumes in the face of global slow down, shipping analysts said.
Kursk Rescue Hits Snag
The Russian navy said a plan to raise the Kursk nuclear submarine from the bottom of the Barents Sea hit a snag when deep-sea divers had trouble cutting through the craft's hull.
