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SDRL - Seadrill Limited closes the tender rig T15 transaction

18/05/2013
We refer to the press release dated May 7, 2013, which announced the transaction to sell the T-15 Tender

Thoresen Thai widens losses in Q2

17/05/2013
Thoresen Thai Agencies (TTA) revealed wider losses in the second quarter of its 2013 fiscal year due mainly to continued environment of depressed

Giant ships use PH to ship iron ore to China

17/05/2013
Brazil’s Vale SA said it has increased access of its “Valemax” iron ore carriers to Asian ports and has even docked one of its ships in China where a ban

Shipping line for Chamber of Commerce

17/05/2013
The Ghana Chamber of Commerce and Industry (GCCI) has announced that it will soon introduce a shipping line that will help facilitate trade between

Gas Carriers Seen by Clarkson Expanding Share of Shipbuilding

17/05/2013
Gas carriers accounted for the highest share of total shipping investment last year since 2005, according to Clarkson Plc, the world’s

Tanker Returns Slump as Gasoline Stockpiles Reach 14-Year High

17/05/2013
Returns for tankers hauling gasoline to the U.S. from Europe slumped, set for the biggest weekly drop since February, amid speculation

Nam Cheong buys stake in vessel charterer

17/05/2013
Malaysian offshore firm Nam Cheong Limited has announced that subsidiary Nam Cheong Dockyard Sdn Bhd has acquired a 70% equity interest in SKOSV Sdn Bhd. The

Israeli shipper's council quits European Shipper's council

17/05/2013
The Israel Shippers' Council (ISC) announced its decision to quit the European Shipper's council (ESC). The Israeli council who represents Israeli

GC Rieber Shipping - results first quarter 2013

17/05/2013
GC Rieber Shipping reports a good first quarter, with stable operations and full fleet utilization. The company has contracted a new high capacity seismic vessel, and entered into

London International Shipping Week set to benefit seafarer charities

17/05/2013
Four leading charities supporting seafarers and their families are set to benefit from the inaugural London International Shipping Week

Investors keen to back Jamaica’s ‘platinum opportunity’

17/05/2013
International investors are expressing serious interest in Jamaica’s plans to develop as a world-class logistics hub with potentially millions of

V.Ships stalwart retires

17/05/2013
After sailing 35 ships, visiting 92 countries and stopping at 288 ports, one seafarer has called time on a nigh on 50 year career. Captain Gennady Koryashkov, from Russia, took charge of his final

MOL Reaches LNG Transport Agreement for One LNG Carrier with Osaka Gas and Kyushu Electric Power

17/05/2013
Mitsui O.S.K. Lines, Ltd. yesterday announced the conclusion of a contract for a long-term

New York Fire Department visits Norway to learn about LNG-fueled ships

17/05/2013
Yesterday, the quaint village of Os, outside Bergen, Norway, hosted a delegation from the world’s most famous fire

Moody's: Global shipping sector faces risks from falling US oil imports and innovative vessel design

17/05/2013
Three emerging trends -- falling US oil imports, the return of some manufacturing capacity to rich industrialised nations and advances in vessel design -- could significantly change the competitive landscape for global shipping companies and affect their creditworthiness over the next five years, says Moody's Investors Service in a report on the

Shipping and aviation emissions in the context of a 2°C emission pathway

17/05/2013
Shipping and aviation represented around 3.2% and 2.1% respectively of global CO2 emissions in the mid-2000s. A wide range of projections and scenarios shows that both sectors are likely to grow over the coming decades with a resultant increase in CO2 emissions by 2050, despite mitigation efforts through technology, operations, and usage

Iron-Ore Ships Decline as China Uses Stocks Instead of Imports

17/05/2013
Rates for iron-ore carriers fell for a sixth day on speculation Chinese steel mills are drawing on stockpiles instead of imports, according to RS

Cross-NWE clean freight rates plunge on weak fundamentals: sources

17/05/2013
Cross-Northwest Europe clean freight rates have dropped significantly amid seasonal ice premiums dissipating and cargo activity

Oil-Tanker Rates Fall Most in Six Weeks as Demand Seen Stalling

17/05/2013
Rates for the largest oil tankers on the benchmark trade route fell the most in six weeks on concern demand from refiners returning from

Rates plunge to their lowest level since February 2012

17/05/2013
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight which launched
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