Baltic Dry Indices Down
The Baltic Dry Index (BDI) fell six points to 1,496, the Baltic Panamax Index (BPI) lost 12 points to 1,626, the Baltic Handymax Index (BHI) firmed 14 points to 9…
Tanker Operators To Join Forces
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region.
Ferry Grant Applications Due By July 15
The Passenger Vessel Association announced that it is time again to apply for Federal Ferry Boat Discretionary Grants The program helps with the capital costs of new ferry vessels and terminals.
AlaskaLNG.com Available Soon
ALASKALNG.COM. site, will focus on the Alaska LNG (Liquefied Natural Gas) trades, updates on legislation affecting the construction of a new warm water LNG export…
H&W Technical Services Gets NASSCO Contract
Harland and Wolff Technical Services Limited, the stand alone design and engineering consultancy of Harland and Wolff Group PLC, has secured a number of international contracts.
Tug To Reach Tanker By Friday
A tugboat sent to rescue an oil tanker drifting off Bermuda should reach the ship by Friday night, BP Amoco said. "The boat is expected to keep clear of land and…
Kursk Rescue Plans Coming
President Vladimir Putin will formally announce plans to raise the nuclear submarine Kursk when he meets European Union leaders this weekend. "It will be the first…
Teekay Rating Raised
Standard & Poor's revised its outlook on Teekay Shipping Corp. to positive from stable. The outlook revision reflects Teekay's consistent, solid performance, which…
U.S. Carrier Docks In New Singapore Pier
U.S. aircraft carrier Kitty Hawk docked at Singapore's new deep-draft naval pier on Thursday, the first giant American warship to use the facility. The pier, at Singapore's Changi Naval Base…
Holt Group Files For Bankruptcy
Holt Group Inc., a large Delaware River port operator offering cargo services, including stevedoring and warehousing, voluntarily filed for Chapter 11 bankruptcy protection with the U.S.
Hyundai Founder Dies
Chung Ju-yung, the rags-to-riches founder of South Korea's mighty Hyundai industrial empire, died on Wednesday aged 85. Born into a poverty-stricken farming family in 1915 in what is now North Korea…
Frontline Ltd. Sells Two VLCCs
Frontline Ltd. has sold the two VLCCs, Front Tartar and Front Tarim, both built 1993 to undisclosed buyers for an en-bloc price of $104 million. The two VLCCs were…
OceanConnect.com And Clarksons Agree On Bunker Business
OceanConnect.com, the global online marketplace for the purchase and sale of marine fuels, products and services has entered into a joint marketing and services…
Mir Causes Anxiety In South Pacific
From Conny Martin's standpoint, the vast empty expanse of the Pacific Ocean where flaming chunks of Russia's Mir space station may find their watery grave does not feel empty at all.
ADSB Lobbies For $500M Patrol Boat Contract
Abu Dhabi Ship Building Company hopes to start negotiations with the UAE navy on the sale of up to 12 missile patrol boats worth more than $500 million. William Saltzer…
Tanker Rates Fall
Million-barrel tanker trades have been unable to weather a wave of fresh competition from VLCCs in the Atlantic, and rates have started to plummet, brokers said on Wednesday.
NNS Awards $446M Contracts
Newport News Shipbuilding said that it awarded Lockheed Martin Integrated Systems Inc., a subsidiary of Lockheed Martin Corp., a $446 million subcontract for the warfare system for the CVN 77…
Panamax Rates Weaken
Panamax freight rates have eased this week, in line with dwindling grain orders, brokers said on Tuesday. Rates dropped under the standard $12,000 a day and shipbrokers…
Old Dominion Places Order With Gladding-Hearn
Old Dominion University's Educational Foundation in Norfolk, Va. has ordered a new research vessel from Gladding-Hearn Shipbuilding of Somerset. Mass. The new vessel…
Moody's Downgrades Cammell Laird
Moody's Investors Service downgraded to Ca from Caa2 the rating for the Euro 125 million senior notes of Cammell Laird Holdings plc (CLH) following the company's…
