Panama Handover To Include Pageantry
The government of Panama announced two days of celebrations ahead of next month's official U.S. transfer of control over the Panama Canal. The canal is due officially…
Public Ports Push For Federal Funding Of Deep Draft Navigation
U.S. public port officials testified Wednesday, Nov. 3, at a hearing before the House Transportation and Infrastructure Subcommittee on Water Resources and Environment…
Finnlines Shares Surge
Shares in Finnlines surged last week, with analysts crediting the rise to growing European economic activity and Finnlines' recent deal to buy a stake in shipping group Transfennica.
Cargo Ship Missing, Feared Hijacked
A Japanese cargo ship has been missing since its departure in Indonesia Oct. 22, prompting fears that it might have been hijacked. Alondra Rainbow, carrying 7,000…
Cyprus Stocks Hit New High On Cruise Buy
The Cyprus Stock Exchange extended its gains Nov. 2 with a 3.4 percent climb to a new all-time record, spurred by renewed demand for tourism stocks. Disclosures…
Bergesen Profits Expected To Be Lower
Pre-tax profits at Bergesen d.y. Group ASA, Norway's largest shipping company, are expected to more than halve to 322 million crowns in nine months to September 30, a Reuters poll showed last week.
Shipping Outperforming Offshore In October
Higher oil prices have helped the Oslo Stock Exchange's shipping index, which features maritime and offshore shares, to rise by 33.7 percent so far this year - outperforming…
Aker Maritime Sale Plans Halted
Aker Maritime ASA's parent company, Aker RGI, has halted plans announced earlier in the year to sell the company. Aker RGI, which holds 63 percent of Aker Maritime…
Happy Birthday, Vopak: Worlds Largest Chem Shipping Company Born
After years of courting, Pakhoed NV and Van Ommeren formally became the world's largest chemical shipping, tank storage and logistics group last Thursday with the…
Seafarers In Trouble Owe Debt Of Gratitude To Tiny Plastic Boats
When the cold September sea reached out her icy fingers to claim fisherman John Roberts, a plastic boat in a cozy British pub came to his rescue. Just as Roberts…
Maersk Sealand Commits To New Container Terminal
Maersk Inc. has committed to the building of a new state-of-the-art container terminal in the Port Of Los Angeles' Pier 400 facility. The Port of Los Angeles and Maersk Inc.
Statoil Cuts Gas Estimates 10-20%
Statoil cut estimates of recoverable gas reserves at the Kvitebjoern prospect in the North Sea by 10 to 20 percent. The company said it and its partners -- Elf and…
Russian Oil Exports Plummet
Russian seaborne fuel oil exports from the main Black Sea and Baltic ports fell by 43 percent in October from the previous month, shipping inspector Petrak said.
Brazilian Oil Workers Plan Three-Day Strike
Brazilian oil workers will stage a three-day nationwide strike later this month in protest against stalled pay talks with state energy firm Petrobras. The leadership…
Baltic Dry Index
The Baltic Dry Index (BDI), the successor to the Baltic Freight Index, was down 12 points on Thursday to 1,301 points. The Baltic Panamax Index was down 2 to 1,251…
Vopak, Worlds Largest Chem Shipping Company Born
Pakhoed NV and Van Ommeren - after years of toying with the idea of consolidation - have formally become the world's largest chemical shipping, tank storage and…
Massoel S.A. Orders Three Bulk Carriers
Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are…
FastShip Signs Cargo Agreement
FastShip has signed agreements for wholesale cargo commitments with international freight forwarders AEI Circle International, GeoLogistics and MSAS Global Logistics.
SeaJets Take Off For Grand Bahama Island
SeaJets, the Palm Beach-based Jetfoil will leave the Port of Palm Beach on November 6, inaugurated regular service of the jets into Grand Bahama Island. SeaJet Kara…
Zodiac Aids With New Self-Righting Design
Zodiac International has developed a new patented, self-righting technique to comply with the updated RoRo ferry liferaft regulations. Formulated by a team of technical engineers…
