Taiwan Cuts Bunker Fuel Prices $10
Taiwan's Chinese Petroleum Corp. (CPC) has cut spot bunker fuel oil prices to $171 per ton from $181 effective from Tuesday. The posted prices were for spot 180…
Pertamina To Stop Using Tanker For LSWR
Indonesian state oil company Pertamina will stop using the Platinum tanker as a storage platform for low sulfur waxy residual (LSWR) in December, Reuters reported..
Osprey Reports Strong Profits
Osprey Maritime Ltd., in the middle of being taken over by Norwegian shipping magnate John Fredriksen, reported a sharp earnings turnaround on Wednesday, suggesting…
Carib Freight Rates Soar
Freight rates for Caribbean clean cargoes leapt to nearly W400 on Wednesday from W335 at the start of the week, brokers said. "There's a shortage of Boston-suitable tonnage…
EU To Ban Subsidies, Monitor S. Korea
The European Commission plans to bar state aid to European shipyards from the year-end, but could reinstate it within months if South Korea fails to halt alleged unfair help to its shipbuilders…
Greek Ferry Exec Plunges To His Death
A senior executive at the shipping company which owned a Greek ferry that sank in September killing 80 people, plunged to his death from the sixth floor of his office building on Wednesday…
Fincantieri Awarded Carrier Contract; To Expand Facilities
It was reported that Italy's Defense Ministry placed a $757 million order for an aircraft carrier with Fincantieri SpA. The order for the 235-meter long vessel,…
Daewoo Shipbuilding Files Suit
Financially-troubled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. has reportedly filed a lawsuit against the Korean Ministry of National Defense…
AMCV Outlines Expansion Plans
American Classic Voyages Co., which is currently engaged in a high-profile effort to build cruise ships in the U.S., recently provided financial information on its…
Alstom Chosen For Innovative Hopper Dredge Project
A new niche for Alstom to equip the first 8,500 cu. m. hopper dredge with electric propulsion. Alstom Power Conversion has been awarded a contract by E.N. Bazan…
Daewoo Shipbuilding Files Suit
Financially-troubled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. has reportedly filed a lawsuit against the Korean Ministry of National Defense…
Alstom Chosen For Innovative Hopper Dredge Project
A new niche for Alstom to equip the first 8,500 cu. m. hopper dredge with electric propulsion. Alstom Power Conversion has been awarded a contract by E.N. Bazan…
AMCV Outlines Expansion Plans
American Classic Voyages Co., which is currently engaged in a high-profile effort to build cruise ships in the U.S., recently provided financial information on its…
Costa Classica Pull-Out Hurts Cammell Laird
A British shipbuilding union sought urgent talks on Friday with the UK trade secretary to save 700 jobs threatened by the likely loss of a contract at Merseyside…
World's Biggest Floating Diamond Processing Vessel Sets Sail
The world's biggest floating diamond processing vessel will set sail for the first time within three weeks and should be in position off Namibia before Christmas…
Bulk Carrier Remains at Anchorage
The Hong Kong-flag bulk carrier Maritime Talent remains at anchorage in Narvik, Norway following a labor union boycott, Reuters reported. The 47,574-dwt vessel arrived in Narvik last Thursday.
Rydex Introduces Rydex Express
Rydex released of Rydex Express, a new entry-level ship-to-shore email service. "Rydex Express is our answer to the industry's demand for a value oriented email…
Cammell Laird Receives Coflexip Conversion Project
Cammell Laird Tyneside announced that it secured a significant conversion project for the vessel CSO Constructor. The vessel, which belongs to the Coflexip Stena Offshore Group…
Texas A&M Chooses Transas
Texas State Maritime Program (TAMUG) has selected the Buffalo Computer Graphics and Transas Marine USA team for the contract to replace their existing ship simulator.
Keppel Shipyard Clinches Jumboization Contract
Keppel Shipyard has secured a S$7 million contract from Smedvig Asia for the jumboization and upgrading of their Drilling Tender Barge, Robray T7. On completion of the works…
