Trailblazing Through Ice: Russia Optimistic About 'Short Cut' Sea Route
Russia expressed optimism about plans for a short-cut Arctic sea route between Europe and the Pacific Ocean despite skepticism from the Russian military and some foreign shipowners.
The Eagle Has Flown: Royal Caribbean's Voyager Of The Seas Raises The Bar For The Cruise Industry
Slipping out through the Finnish archipelago on a Sunday morning at the end of October, Voyager of the Seas cut a figure of unprecedented scale in the passenger ship sector…
IHC Caland Mulls Exit From Shipbuilding
Shipbuilding and engineering group IHC Caland NV might stop building ships if the Dutch state goes ahead with plans to abolish subsidies for shipyards after 2000.
P&O Nedloyd Raises Canadian Box Rates
P&O Nedlloyd will raise rates on its westbound Canada service twice early next year. An increase of $200 per 20 ft container (teu) and $250 per 40 ft container (feu) would be sought from January 1.
Rules For FOC Vessels To Come
Negotiations to adopt international working conditions for seafarers on flag of convenience (FoC) vessels will start for the first time next year. It is the first…
Keppel Philippines Appoints New Execs.
Keppel Corporation Ltd.'s Group Finance Director, Teo Soon Hoe has been appointed Chairman of Keppel Philippines Holdings, Inc (KPH), following the retirement of Loh Wing Siew.
Mexico Plans Huge Air, Rail And Sea Terminal
The Mexican state of Veracruz on the Gulf of Mexico is planning to build a massive air, rail and sea cargo terminal for international trade, according to state officials.
Floating Metropolis To Be Built In Honduras
A massive $8.5 billion luxury floating metropolis, the biggest boat in history, is reportedly set to be built in Honduras in January. Boat builder Freedom Ship Inc.
Eighteen Missing After Ferry Sinks
Eighteen people are missing after a ferry boat sank in the Nile River in northern Sudan. The boat reportedly sank on Nov. 19 while crossing the Nile in the town of Wadi Halfa…
Oil Prices a Nine-Year High As Iraq Suspends Exports
Oil prices rocketed to a new nine-year high on Nov. 22 after Iraq suspended oil exports under its humanitarian exchange program with the United Nations. London January Brent futures opened at $25.90…
Transport Firms To Gain From U.S.-China WTO Pact
The accord between China and the U.S. on Beijing's entry to the World Trade Organization (WTO) will boost trade and benefit transport companies in both countries, industry officials said.
Little Change Seen In Offshore Rig Counts
Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 145 of 191…
Fresh Chartering Lifts Outlook For Market
Sentiment was lifted in the dry cargo freight market last Tuesday by both an actual and potential fresh chartering inquiry from grain and coal charterers in particular, brokers said.
Brokers See End To Tanker Slide
A continued slide in Middle East tanker rates to near year lows was expected to end this week by the emergence of Saudi stems and a resumption of Iraqi exports, shipping brokers said.
CGES Sees Oil Levels Nearing Minimum
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
Australian Family Uninjured In Pirate Attack
Pirates sprayed bullets into an Australian family yacht near the coast of Yemen and the holidaymakers were eventually rescued by a Saudi Arabian oil tanker, one of the victims said.
Day-Long Strike Deals Blow To Bangladesh Shipping
A day-long nationwide strike called by Bangladesh's opposition parties last Tuesday (Nov. 16) dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country…
Lockout Ends At Canadian Ports
Maritime employers agreed last week to end a lockout at Canada's West Coast ports that stalled millions of dollars in cargo shipments for eight days in a dispute…
Shipbuilders Multitask To Gain Experience, Stay Competitive
Worldwide, the road to success in the ship and boatbuilding market is literally paved with companies that have gone belly up, been acquired or are currently hanging by a literal thread.
Asia Plays Intricate Role In Marine Fuels
The International Bunker Industry Association (IBIA) pointed out the role that Asia will play in the future of the marine fuels industry. As announced at IBIA's…
