SS&Y Pacific & Atlantic Index Drops
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 281 points in the week ending Monday to 5,337. "The Pacific has weakened with tonnage being fixed…
Malta Drydocks Wins Conversion Contract
Malta Drydocks was awarded a contract by Brovig-RDS of the U.K. to convert the former Shell tanker Northia to a floating storage and offloading unit. The contract…
Greenpeace Stops Ship In France
Greenpeace activists prevented a ship from unloading U.S. genetically modified soybeans on Monday, but allowed a batch of traditional soybeans to be brought ashore, Reuters reported.
USCG Considers Admitting Damaged Tanker
The U.S. Coast Guard is considering allowing a damaged tanker, carrying 285,000 barrels of gasoline, to unload its cargo in the New York Harbor before permanent…
Keppel Fels, Ensco Team On $130M Rig
Keppel FELS Limited, the offshore arm of Keppel FELS Energy & Infrastructure Ltd., and ENSCO International Inc. have entered in an alliance agreement to build, own…
Thai Cargo Vessel Slams Into Panama Canal Lock
A Thai-flagged cargo vessel collided with a wall on the approaches to one of the Panama Canal's three sets of locks, but traffic in the Canal was unaffected, the…
Boyle Resigns As Executive Director Of NY/NJ Port Authority
Robert Boyle, executive director of the Port Authority of New York & New Jersey, announced his resignation from his post at a meeting on Wednesday evening. It was…
Kvaerner's Warnow Yard Lands $70.1 Million Contract
Anglo-Norwegian engineering group Kvaerner ASA said on Friday that its German shipyard Warnow had won a contract worth 640 million crowns ($70.1 million) to build two container ships for Oskar Wehr.
Canadian Coastguard Ousts Supertanker From Its Waters
The Canadian Coastguard has banned a damaged 24-year-old supertanker, Eastern Power, from entering its waters, saying the onus is on its owner, Singapore-based World-Wide Shipping…
Tanker Market Remains High In Atlantic Basin
Tanker action was again focused in the Atlantic Basin this week, and though VLCCs edged in on the West African market, million-barrel tankers shrugged off the competition.
Kuwait In Trouble With Iraqi Authorities
Iraqi authorities told Kuwait on Friday it was "playing with fire" in seizing five vessels loaded with goods shipped from Iraq in violation of United Nations sanctions.
Bollinger Signs Pact With Incat For High Speed Vessel
Bollinger Shipyards and Incat Australia have come to an agreement to market and build high speed vessels to Incat designs in the U.S. Known for its K Class aluminum catamarans…
U.S. Lines' M.S. Patriot Is Christened In Hawaii
United States Lines' premiere vessel, the 1,212-passenger MS Patriot arrived on Thursday at its homeport of Honululu, Oahu as the newest and largest cruise vessel…
Teekay Shipping Appoints New Director
Teekay Shipping has elected Eileen A. Mercier to its Board of Directors to fill the vacancy created by the retirement yesterday of Steve G.K. Hsu, who had served on Teekay's board since 1993.
Royal Olympic Cruises Appoints New Executives
Royal Olympic Cruise Lines (ROCL) has elected George Stathopoulos to the position of acting CEO. At the same time, Stathopoulos maintains responsibility for the…
Cold Spell Halts Mississippi River Barge Traffic
Barge traffic on the upper and mid-Mississippi River was slowing this week as a cold snap in the U.S. Midwest created ice on the Mississippi at Guttenberg, Iowa…
Six-Day Strike Ends At Mongla Port
Mongla port workers ended a six-day strike on Thursday after being assured authorities would investigate the deaths of four people and the wounding of 100 others…
Antonini Re-Elected To Top Spot Of European Consortium
Corrado Antonini, executive chairman of Italian shipbuilder Fincantieri, has been re-appointed to the presidency of the Euroyards consortium for the next two years, Fincantieri said on Wednesday.
Libya Commences Release Of Detained Fishermen
Libya has begun to release 149 Egyptian fishermen detained for the past month on suspicion of fishing illegally in Libyan waters, a foreign ministry official said on Thursday.
Yemen Plans To Prosecute Suspects Behind USS Cole Disaster
Yemen has sent prosecutors to begin work on the case of the apparent suicide bombing of a U.S. destroyer in Aden and plans to put the six suspects on trial next month…