Study Finds Forgery Rampant In Industry
More than 12,000 cases of forgery have been unearthed in an investigation into seafaring competency commissioned by world shipping's legislative body, the IMO. "It's a serious problem…
Officials Lobby for Extended Season
Officials from the northern Canadian port of Churchill, Manitoba, last month lobbied insurance giant Lloyd's of London to reduce the rates and extend the season for the Hudson Bay shipping terminal.
Under Fire, ABS Steps Up Response Effort
As was the case when the Erika went down off the coast of France in late 1999, much (unwanted) attention has been focused on the classification society for the damaged product tanker Castor…
'Safe Haven' Debate Could Have Resounding Effects
A situation ongoing at press time half way around the world promises to affect the way in which ship emergencies are handled in the U.S. and abroad. Last month,…
Cammell Laird Loses $74M Conversion Contract
The finale of a long-standing saga is not good news for Britain’s Cammell Laird, which announced that it lost a crucial $74.7 million contract on Wednesday, which…
Shipbrokers, Oil Brokerage House Form Freight Forwards
BraemarTankers Ltd., Galbraith's Ltd., E.A.Gibson Shipbrokers Ltd., PVM Oil Associates Ltd. and Seascope Shipping Ltd. have formed Global Freight Forwards Limited.
Gullfaks A Platforms Slash Production
Norway's Gullfaks A and other linked oil platforms in the North Sea were cutting production to about 60,000 bpd on Wednesday from a usual 260,000 bpd due to a storm, state oil firm Statoil said.
Intereuropa Relaunches Merger Bid
Slovenia's largest shipping firm Intereuropa is relaunching a bid to merge with the country's only port operator Luka Koper following last October's change of government.
Colombo Port Expects Volume Boost
Sri Lanka's main port of Colombo hopes to see volumes recover within two years, boosted by development projects, a tariff restructuring and a marketing campaign, the country's ports minister said.
Clarkson Shares Surge
Shares in Horace Clarkson Plc surged 14.3 percent on Wednesday after the British shipping broker said its year turnover and profit was expected to "very substantially" exceed market expectations – (Re
Galapagos Spill Poses New Problems
Ecuadorean naval officers struggled on Tuesday to right a wrecked ship half a mile (800 m) off the shore of Ecuador's famed Galapagos islands after nearly all the…
Kvaerner Advised To Not Name New Board
Kvaerner ASA had been advised to drop a plan to name a new board due to disagreements among major shareholders and a possible scheme to split the company. Kvaerner…
Malta Drydocks Loses $7M Conversion Contract
Hebridean Island Cruises has pulled out of a $7 million conversion contract with Malta Drydocks and awarded it to a British yard instead, the Malta company said on Tuesday.
First Sulzer Common-Rail Engine Passes Shop Test
The official shop test of the first modern large diesel engine with common-rail fuel injection, a Sulzer 6RT-flex58T-B, has been successfully completed. This revolutionary…
E-Commerce Missteps Analyzed At Joint Bunker Conference
What happens when a bunker deal set up over the Internet goes wrong? One hasn't yet, but if bunkering in cyberspace mirrors bunkering in the real world, it is only a matter of time before one does.
BDI Sheds 7
The Baltic Dry Index (BDI) dipped seven points to 1,552, the Baltic Panamax Index (BPI) gained two points to 1,643, the Baltic Handymax Index (BHI) fell 44 points to 8…
Galapagos: Oil Transfer Hits Hitch
The transfer of the remaining oil from the wrecked oil tanker Jessica, which has spilt about 160,000 gallons of oil into the fragile ecosystem of the Galapagos Islands…
Russian Sunseed Exports To Drop
Russian sunseed exports may decline sharply in March as a result of export duty doubling, while shipments in January and February are likely to remain quite intensive…
N. Sea Tanker Rates Slide
North Sea tanker trades have slid nearly 40 points to around W190 because last week's spree of fixing VLCCs transatlantic has left the North Sea virtually empty of oil, Reuters reported.
Kuwait Seizes Iraqi Vessel
Kuwait seized a vessel in its territorial waters for allegedly trying to smuggle 1,000 tons of crude oil out of Iraq in violation of United Nations sanctions, Reuters reported.
