Atlantic Panamax Earnings Plummet To New Lows
Average Atlantic panamax earnings sank to new lows on Monday, quashing hopes that the market had bottomed out, brokers said. "We've given up predicting when the market will stop falling…
Dead Stowaways Found Onboard Panamanian Cargo Ship
Two dead stowaways were found on Monday in the cargo hold of a ship, which docked in the northwestern port of La Coruna on a voyage from west Africa, the local port authority said.
Collision in Welland Canal Continues To Hamper St. Lawrence Seaway
Shipping on the St. Lawrence Seaway will remain badly disrupted for at least another day, Canadian marine authorities said on Monday, as an investigation continues into an accident in which a 730-ft.
Iraqi Oil Smuggling Attempt Goes Sour in the Persian Gulf
An Iranian team on Monday stopped an oil leak from a ship that sank in the Gulf last week while apparently smuggling Iraqi fuel oil, a regional marine body said.
Ship Collision Forces Closure of Major Canadian-U.S. Trade Link
A major marine trade link between Canada and the United States remained closed on Sunday after a ship collided with a lift bridge in Canada's Welland Canal. The canal…
NOL Shares Down 6.8 Percent
Shares of Neptune Orient Lines Ltd (NOL) slumped as much as 6.8 percent on Monday morning after it said it expects to book a profit for the full year but that the…
Five Chinese Fishing Boats Capsize Off Hainan
One Chinese fisherman drowned and 19 were missing after five boats sank in tropical storm Tiantu off the southern province of Hainan, maritime officials said on Monday.
Merrill Lynch "Reduces" P&O's Rating
Merrill Lynch said on Monday it had cut its rating on British shipping and logistics group The Peninsular & Oriental Steam Navigation Company (P&O) to "reduce" from "neutral" in the intermediate term.
Rough Seas Cause Italian Ferry To Run Aground Off Sicily
An Italian ferry ran aground in the Aeolian Islands off the north coast of Sicily on Sunday night in rough seas, coast guard officials said on Monday. All 164 people on board were rescued safely…
India To Get $144 Million LNG Import Terminal
An Indian subsidiary of Royal Dutch/Shell said on Monday preliminary work for a liquefied natural gas (LNG) import terminal in India had begun and work for the main facility would start in November.
