Malaysia Mulls Second Shipping Line
Malaysia reportedly may set up a second national shipping line to help reduce freight charges between the peninsula and the states of Sabah and Sarawak on Borneo island…
The Pressure Mounts At Cammell Laird Shipyard
Standard & Poor's today lowered its long-term corporate credit and senior unsecured debt ratings on Cammell Laird Holdings PLC (Cammell Laird) to 'D' from double-'C' and single-'C', respectively.
Kin of Japanese Fishing Trawler Victims Express Outrage
Relatives of nine Japanese lost at sea when a U.S. submarine sank their fishing boat off Hawaii in February voiced anger on Saturday after hearing the captain of…
Lithuanian Commission Approves Deal Between Lisco and DFDS
Lithuania's Privatization Commission said on Friday it approved the sale contract of the state-run sea shipper LISCO to Danish DFDS Tor Line - sending the draft to cabinet.
FGH Lenders Demand Repayment of $85.7 Million
Friede Goldman Halter (FGH) has received a Notice of Continuing Events of Default and Demand for Payment, from Foothill Capital Corporation, under which Foothill…
Accident At Petrobras Caused Pipeline To Gush 6,800 Gallons
after explosions sank a nearby platform, Brazil's state oil giant Petrobras said. An accident during a testing operation early on Thursday morning caused a production pipeline to spew 6…
Sunken Fuel Tanker Had "Dirty" Oil
Oil leaking from a fuel tanker that sank in the Gulf off the coast of the United Arab Emirates while reportedly smuggling Iraqi oil was brought under control on Sunday, a UAE official said.
Commander of USS Greeneville Could Face Dismissal
A U.S. Navy court of inquiry into the submarine-trawler collision off Hawaii in which nine Japanese were killed has recommended measures that would probably end…
German Tanker Runs Aground, Spills Heating Oil
A German-registered tanker ran aground on the Danube, spilling several hundred liters of heating oil into the river, Austrian shipping police said on Monday. The…
Human Smuggling Operation Uncovered on West Coast
There may be links between the case of 36 illegal Chinese immigrants found on a container ship here on Tuesday and a similar human smuggling operation uncovered last week in Long Beach…
Korean Ship Feared Sunk Off Japan
Rescue officials found a body during a search for a Korean ship missing off southwestern Japan, raising fears the cargo vessel foundered in heavy seas with 28 crew on board, Japan's coast guard said.
DFDS Tor Lines Considers LISCO Buyout
Danish DFDS Tor Lines is committed to considering a minority share buyout as part of the privatization of Lithuanian shipper LISCO, but did not specify a price.
Single Hull Tanker Ban Could Send Freight Rates Soaring
When OPA 90 was introduced in wake of the Valdez accident, the stipulation that tankers trading in the U.S. must be double hulled was roundly panned throughout the world…
Dry Bulk Index Up Slightly
The Baltic Dry Index (BDI) rose one point to 1,429, the Baltic Panamax Index (BPI) gained three points to 1,560 and the Baltic Handymax Index (BHI) firmed 35 points to 9…
Rates Slashed On Five European Oil Giants
Morgan Stanley said on Wednesday it had cut ratings and price targets on five European oil service companies on fears the sector was not immune to a possible U.S. recession and global slowdown.
Carnival Cruise Lines Takes Delivery of Carnival Spirit
Carnival Cruise Lines, a unit of Carnival received its newest fun ship – the $375 million, 88,500-ton Carnival Spirit, during the traditional "hand-over" ceremony…
Cammell Laird’s Woes Continue
Trade in the shares and bonds of troubled British shipbuilder Cammell Laird was suspended on Wednesday, leaving investors and workers fearing the worst ahead of…
Incat Vessels To Debut With Ventouris
Incat, the Austalian-based builder of high speed craft which recently linked with Bollinger Shipyards to build its wave-piercing catamarans in the U.S., recently…
Hopkins Awarded the 2000 Thomas Crowley Trophy
Michael Y. Hopkins, Vice President, Operations for Crowley Liner Services' Latin America division, was awarded the 2000 Thomas Crowley Trophy, Crowley Maritime Corporation's highest honor…
Sembcorp Marine Acquires A 50 Percent Stake In PPL Shipyard
SembCorp Marine has signed a Sale and Purchase Agreement with PPL Holdings Pte Ltd to acquire a 50 percent equity stake comprising 10,000,000 shares of $1.00 each in PPL Shipyard Pte Ltd.
