SS&Y Atlantic Index Up, Pacific Index Down
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 162 points in the week ending Monday to 5,700. "Capesize rates strengthened overall by the middle…
Vosper Thornycroft May Have To Lay Off 650
Vosper Thornycroft Holdings Plc said on Tuesday it may have to make up to 650 people redundant due to a shortage of short-term shipbuilding production work. Vosper…
Irving Shipbuilding To Construct Tugs For Panama Canal Authority
Irving Shipbuilding has secured an order for two azimuthing stern drive Tugs for the Panama Canal Authority. The 101 ft. (30.8 m) reverse tractor tugs are driven…
Costa Crociere Unit Orders Two New 105,000-Ton Vessels
Costa Crociere S.p.A., a unit of Carnival Corp. has signed a letter of intent with Italian shipyard Fincantieri Cantieri Navali S.p.A. 2004. The 2,720-passenger ships…
Atlantic Marine Wins Second Reinauer Tug/Barge Contract
Atlantic Marine, Inc. has received a contract for a second state-of-the-art articulated tug and barge (ATB) vessel to be built at its Alabama Shipyard facility in Mobile…
Taiwan To Ease Direct Shipping To China
Taiwan will ease a ban on direct trade and shipping links with China from mid-December, calling it a goodwill gesture and urging its arch-rival to reciprocate. "We are waiting for them.
EU Could Resolve Shipbuilding Row At WTO
The European Union could take South Korea to the World Trade Organization (WTO) over its shipbuilding practices after talks last week failed, EU officials said.
U.S. Supreme Court Reject Exxon Appeal
The U.S. Supreme Court rejected on an appeal by Exxon Mobil Corp. over the $5 billion punitive damages verdict against it for the 1989 Exxon Valdez accident, the nation's worst oil spill.
EU Calls For Single-Hull Phase Out
European Union governments on Monday called for single-hull oil tankers to be phased out as part of their response to the Erika oil spill disaster. The EU wants…
U.S. Company To Assist Russian Sub
Russia signed a deal with an American company - the Norwegian arm of Halliburton -- to recover at least some of the bodies of the 118 sailors who died when the submarine…
Cammell Laird Receives Major Refit Contract
Cammel Laird was awarded a major UK Ministry of Defence ship refit contract involving the mid life extension of the diesel electric powered Oceanographic Research Vessel RMAS Newton…
LR's Gavin Addresses Substandard Shipping
"The loss of the Erika has focused the legislators, politicians, classification societies, owners, charterers and the media on the responsibilities of the individuals…
