Maritime Industry Top News
Hyundai Merchant Marine Denies Rumors
Hyundai Merchant Marine, South Korea's largest shipping firm, denied on Thursday a local report it had begun a debt-rescheduling program led by creditor banks. "It…
Malta Will Announce Port Privatization Information Soon
Malta will soon issue information about the privatization of Malta Freeport and Kordin Grain Terminal in Valletta Harbor, Finance Minister John Dalli said. He said…
Mystery Surround 3 Titanic Passengers May Be Solved
Nearly a century after they perished aboard the luxury liner Titanic, three mystery passengers who were laid to rest in unmarked graves -- including a two-year-old…
NOL Shares Surge
Shares of shipping group Neptune Orient Lines (NOL) hit a nine-month high today, boosted by prospects of its logistics operations and hopes its weightage will rise…
Look Out Ice, Bombs Away!
Russian warplanes bombed an 80-km (50 mile) wide river ice floe on Thursday in an attempt to unblock a build-up of meltwater which has forced thousands of people from flooded homes in eastern Siberia…
BG Secures U.S. LNG Rights
Britain's BG Plc secured rights to deliver liquefied natural gas (LNG) through one of only two functioning import terminals serving booming U.S. energy markets.
Cammell Laird Cuts More Jobs
Cammell Laird, which has entered into receivership, is to cut another 248 jobs in Britain over the coming weeks. PricewaterhouseCoopers, which is acting as receivers for the shipbuilding group…
Ferries Blocked By Strike
Five cross-Channel ferries have been blocked in French ports since Monday because of a strike by workers over plans to cut the work week, their operator, Brittany Ferries, said.
Wheat Carrier Refloated
A tug was used on Wednesday to refloat the Panama-flag bulker Captain George Tsangaris that ran aground on Round Island near Trincomalee in Sri Lanka on Tuesday, port officials said.
Latvian Shipping Buy Rules May Be Eased
Latvia may drop certain key conditions in a fresh attempt to privatize Latvian Shipping but could keep the offered stake at 68 percent. Latvia's cabinet officially…
Caribbean Tanker Rates Rise
Scant supply of suitable tankers combined with a seasonal upswing in demand has conspired to force up the cost of shifting gasoline from Caribbean refineries to the U.S Atlantic coast, brokers said.
Barge Traffic Tied In Knots On Mississippi
U.S. Midwestern grain shippers were getting ready to move barges into the upper Mississippi River on Tuesday but estimated it could be two to three weeks before…
Swedish Warships Idled By Budget Cut
Swedish warships are to spend most of the rest of the year moored in port because of an overtime ban on the country's defense forces, Reuters reported. "For the…
Pacific Panamax Rates Drop
Pacific Panamax freight rates have dropped sharply in line with weaker Asian Panamaxes, brokers said. Average rates for Pacific round voyages fell to $9,600 daily…
Bulker Remains Aground
The Panama-flag bulker Captain George Tsangaris was still aground on Round Island near Trincomalee in Sri Lanka on May 15, Reuters reported. It was believed that…
Bulker Runs Aground
The Liberia-flag bulker Golden Bay carrying a cargo of steel, ran aground at the entrance to the Dardanelles, Turkey, on May 14, Reuters reported. The 25,599 dwt…
Will Fourth Time Be A Charm?
Latvia's government officially admitted defeat on Tuesday in its fourth attempt to sell sea cargo firm Latvian Shipping, ordering the economy ministry to draw up a new tender to sell the firm.
25 Lost In Ferry Mishap
Twenty-five people are feared dead after their boat sank off the east coast of Madagascar last week, including 18 players and officials from a local soccer club and two Frenchmen.
Great Lakes Water Level Is Low
Water levels in North America's Great Lakes, the world's largest fresh-water system, are below average for this time of year, and this will affect shipping, recreational…
Vosper Prospers With Diversity
Britain's Vosper Thorneycroft Plc, posting a two percent rise in year profits, said its diversification strategy was bearing fruit, with 55 percent of operating…
