Kvaerner Profits Beat Estimates
Kvaerner beat market expectations with a jump in first-quarter profits, and the company reiterated opposition to a tie-up with Norwegian oil industry services rival Aker.
Greek Strike Promises Chaos
Greek transport unions promised chaos for travelers during Thursday's 24-hour general strike, with public transport in Athens forecast to grind to a halt and Olympic…
Panamax Rates Hold Strong
Freight rates for Panamaxes trading the Atlantic are holding strong but the Pacific market is now starting to weaken, shipbrokers said. "Prospects for May in the…
Morris Challenges Owners To Fight Slave Ships
A former Australian transport minister challenged oil tanker owners, who were meeting in Sydney on Tuesday, to join him in the fight against "slave-ships", which…
French Container Vessel Refloated
The CMA CGM Normandie, a French container vessel, has been refloated after hitting a reef in international waters in the Singapore Straits, Reuters reported. The…
Pacific Carriers Is Propositioned by Hovert Investments
Hovert Investments Pte Ltd, a unit of Kuok (Singapore) Ltd, has made an unconditional offer for the shares of shipping company Pacific Carriers Ltd. Hovert accumulated…
S&P Trims Stena's Credit Rating
Standard & Poor's lowered its long-term corporate credit rating on Sweden-based Stena AB to double-'B' from double-'B'-plus. The senior unsecured rating on Stena was also lowered…
Reagan Repowers 204-ft. Vehicle Ferry
With the repowering of the 204-ft. (73.1 m) double ended vehicle ferry, Cameron No. 2, Reagan Equipment Company's marine division has added ferries to its list of…
New Bunkering Firm Formed
A new Bunker Trading Company was established in Singapore in early April. called United Bunkering & Trading (Asia) Pte. Ltd., and is backed by a major European investor.
Ro-Clean Desmi Sets Record For Worlds Largest Oil Containment Boom
Ro-Clean Desmi A/S of Denmark has been officially awarded the Guinness World Record for developing the largest offshore oil containment boom in the world. Known…