Caribbean Tanker Rates Rise
Scant supply of suitable tankers combined with a seasonal upswing in demand has conspired to force up the cost of shifting gasoline from Caribbean refineries to the U.S Atlantic coast, brokers said.
Barge Traffic Tied In Knots On Mississippi
U.S. Midwestern grain shippers were getting ready to move barges into the upper Mississippi River on Tuesday but estimated it could be two to three weeks before…
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.
Crowley Completes Tow of the Ex-USS Iowa
Crowley Marine Services completed its third tow of an historic U.S. Naval battleship April 21, when the company's tug Sea Victory finished the 6,500-mile tow of the USS Iowa from Newport…
Oil Prices Slip As Demand Drops
NYMEX crude oil futures slipped early Friday (May 11) as a report by the West's energy watchdog that world crude demand had been slower than expected so far this…
Shipping Firm To Offer Funeral Services
Japan's largest shipping company, Nippon Yusen KK, plans to offer a new funeral ash-scattering service in a bid to capitalize on demand fueled by the high cost of cemeteries in Japan.
Shell Orders Two LNG Tankers
The gas and power division of Royal Dutch/Shell ordered two additional liquefied natural gas (LNG) carriers to support its growing global LNG business. Shell International…
Frontline Sells Suezmax Tanker
Frontline has entered into an agreement to sell one of its 2000-built Suezmax tankers, Front Archer. Front Archer was designed and built with future employment as…
Chris Brown to join Miller's
Christopher Brown, formerly Claims Director for Gard, will bring his experience to the UK P&I Club when he joins managers Thomas Miller on August 1. Mr. Brown, 40…
Schat-Harding acquires William Mills
Schat-Harding has acquired specialist lifeboat hook manufacturer William Mills (Marine) Ltd. William Mills makes the Titan, Spartan and Atlas ranges of high quality…
Northrop Grumman Outlook Downgraded
Goldman Sachs lowered its rating on U.S. military contractor Northrop Grumman Corp. to market perform from outperform. In a report, analyst Howard Rubel said the…
