Abu Dhabi Awards Construction Contract
Abu Dhabi Shipbuilding (ADSB), has granted a major construction contract worth $12.2 million to a joint venture of Arabtec and Overseas AST Co. The contract is the…
Horizon To Build OSV Trio
Horizon Shipbuilding and SLOK Nigeria Limited have signed contracts for the construction of three offshore vessels - all of which will operate under a long-term…
Bangladesh Ferry Sinks In Storm
At least 28 people drowned and more than 100 were missing after a ferry caught in a storm sank in a river in Bangladesh, officials said. "The ferry, carrying some…
P&O Stena Q1 Hit By Lower Demand
The P&O Stena Line ferries joint venture reported first quarter results had been hit by dampened demand following the millennium, the abolition of duty-free and…
ABP Shares Surge After Buyout Approach
Shares in Britain's biggest port operator, Associated British Ports Holdings Plc, were nearly 20 percent higher Tuesday after officials reported the company had…
Boat Hits Tanker, Nine Hurt
A French tourist ship cruising on the Rhine lost steering control and collided with a Dutch tanker carrying a highly inflammable substance on Sunday, German police said.
Qatar Shipping To Buy Two Vessels
Qatar Shipping Co. plans to buy two new vessels worth $24 million each. General manager Nasser Saeed al-Sulaitah said the decision to purchase the vessels, which would each transport 35…
Tourists Head For Australia After Liner Hits Uncharted Reef
Ninety-nine U.S., German and British tourists were to be flown to Australia on Monday, after their tropical Solomon Islands adventure holiday was cut short when…
Number of People Hurt In Ferry Mishap Rises To 40
The number of passengers injured when a P&O channel ferry rammed a dock in Calais has risen to 40, French emergency services said. Three people were seriously injured…
Relations Still Chilly At NY/NJ Port Authority
It may be the end of April, but there was no spring thaw at Thursday's board meeting of the Port Authority of New York and New Jersey. Port Authority commissioners…
Hyundai To Build Two For NOL
Neptune Orient Lines subsidiary American Eagle Tankers Inc. has contracted Hyundai Heavy Industries to build two new VLCCs. No financial details were given. The two double-hulled vessels…
Tanker Rates Plateau After 90% Surge
Middle East tanker charter rates, up more than 90 percent since the start of the year, appear to have reached a plateau, shippers said. Worldscale rates for chartering…
Russia To Renovate Icebreaker Fleet
Russia will renovate its entire fleet of five nuclear-powered icebreakers plying the vital northern shipping route by 2003 by extending the lifespan of their nuclear reactors…
Asian Piracy Takes Center Stage
This week's kidnapping crisis in the southern Philippines has thrown the spotlight on the growing problem of piracy in Asian waters, delegates at an international maritime conference said.
NY/NJ Port Authority To Vote On $3.9B Budget
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers…
Mitsui O.S.K. Orders Five Containerships
Japan's Mitsui O.S.K. Lines Ltd. (MOL) has ordered three 6,000-TEU containerships from Ishikawajima-Harima Heavy Industries Co. (IHI). Both companies declined to comment on the contract terms…
OceanConnect, Clarksons Join Forces
Online marine fuel supplier OceanConnect on Wednesday signed a strategic alliance with ship broking group Horace Clarkson Plc. Clarksons, the world's biggest shipbroking…
Westbound Tanker Markets Strengthening
Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about…
Bulker Gets Bow Repairs In Toledo
The U.S.-flagged bulker J.A.W. Iglehart is tied up in front of the shipyard dry-docks in Toledo, Ohio, undergoing bow repairs caused by a recent grounding in Detroit.
OPEC Production Up 773K/bpd
OPEC oil production looks likely to rise by 773,000 barrels a day in April including 225,000 bpd from Iraq, a leading tanker tracker told clients on Wednesday. Petrologistics…