Swedish Warships Idled By Budget Cut
Swedish warships are to spend most of the rest of the year moored in port because of an overtime ban on the country's defense forces, Reuters reported. "For the…
Pacific Panamax Rates Drop
Pacific Panamax freight rates have dropped sharply in line with weaker Asian Panamaxes, brokers said. Average rates for Pacific round voyages fell to $9,600 daily…
Bulker Remains Aground
The Panama-flag bulker Captain George Tsangaris was still aground on Round Island near Trincomalee in Sri Lanka on May 15, Reuters reported. It was believed that…
Bulker Runs Aground
The Liberia-flag bulker Golden Bay carrying a cargo of steel, ran aground at the entrance to the Dardanelles, Turkey, on May 14, Reuters reported. The 25,599 dwt…
Will Fourth Time Be A Charm?
Latvia's government officially admitted defeat on Tuesday in its fourth attempt to sell sea cargo firm Latvian Shipping, ordering the economy ministry to draw up a new tender to sell the firm.
25 Lost In Ferry Mishap
Twenty-five people are feared dead after their boat sank off the east coast of Madagascar last week, including 18 players and officials from a local soccer club and two Frenchmen.
Great Lakes Water Level Is Low
Water levels in North America's Great Lakes, the world's largest fresh-water system, are below average for this time of year, and this will affect shipping, recreational…
Vosper Prospers With Diversity
Britain's Vosper Thorneycroft Plc, posting a two percent rise in year profits, said its diversification strategy was bearing fruit, with 55 percent of operating…
African Oil Output Increasing
Most African oil producers are projected to increase production over the next three years, except Egypt and Gabon. The strongest increase is projected in Nigeria…
LISCR and LSC condemn IRI legal action
Yoram Cohen, CEO of the Liberia International Ship & Corporate Registry, has described as "completely unfounded, unsubstantiated and untrue" allegations made by International Registries Inc.
