Bulk Carrier Sinks
The Liberian-registered bulk carrier Madona, carrying cement, sank in rough seas early Monday morning in the Indian Ocean after all its crew were rescued, an Australian…
Minoan Ferries Halted By Labor Dispute
Domestic ferry sailings by Minoan Lines from key Greek ports were virtually paralyzed for a fifth day by an industrial dispute between seamen and shipowners over overtime back pay.
DFDS To Sell Transport Logistics Unit
Danish shipping company DFDS, 56 percent owned by shipping and shipbuilding group J. Lauritzen reportedly is in agreement to sell its Dan Transport logistics unit…
U.S. Oil Prices Balloon To $37
U.S. oil prices ballooned to fresh decade highs on Monday as rising tension in the Middle East put traders on red alert over possible supply disruptions from key exporter Iraq this winter.
BP Takes Three DH Tankers from NASSCO
Mid last month General Dynamics divulged that its National Steel and Shipbuilding Co. (NASSCO) unit had won a lucrative and much sought after contract to build three double hull tankers for BP.
