Arctic Sea six plead guilty

SIX MEN accused of hijacking general cargo ship Arctic Sea last year have admitted all, or part, of their involvement in the seizure. The BBC reported that five contested some details of the charges in a court in north-west Russia, but Russian news agency Itar-Tass...

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PANAMA CANAL DISMISSES WIKILEAKS

he Panama Canal’s administration has dismissed the apparent doubt outlined by the “WikiLeaks” quotes on the Canal expansion’s viability. Panamanian president Ricardo Martinelli and vice president Juan Carlos Varela seemed to be criticising the Spanish-based GUPC Consortium’s competence earlier this...

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Hong Kong new year celebration warning

Hong Kong's New Year Countdown celebration and pyrotechnic display will be held at midnight on the New Year's Eve, December 31, 2010. [Read More] Source: portwo...

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PSA-Panama Terminal welcomes its first vessel

Panama City: PSA-Panama International Terminal began operations this December 23 with the arrival of the 12,777dwt 138m-long Beluga Festival carrying 10,000 tonnes of steel bars from Mexico’s Arcelor-Mitral for the GUPC consortium in charge of building the new locks for the Panama Canal expansion. Both...

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Wilhelmsen Ships Service assist with EU Cargo Declaration rule

The new European Advance Cargo Declaration takes effect 1 January 2011, requiring all carriers to pre-alert customs authorities of goods going in and/or out of the EU, Switzerland and Norway by providing an Advance Cargo Declaration (ACD). [Read More] Source: Maritme & Ene...

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Final Gas Package Arrives in Turkmenistan

The transport of an offshore gas pipelines package from Malaysia to Turkmenistan via Dubai is nearing completion after a year’s worth of work by CNC Freight Services of Malaysia. [Read More] Source: Break B...

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Fincantieri launches multipurpose ‘Rossita

Italy: Fincantieri has announced the launch of “Rossita”, a vessel tasked with transporting radioactive material from the dismantlement of Russian nuclear submarines. The name was composed to convey the idea of cooperation between Russia (Rossìa in Russian) and Italy (Ita). [Read More] Source: Baird...

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SALEFORM 1993 to be Amended

Since 1956 there has been an almost universally accepted contract form for the purchase of second hand vessels, freight or otherwise. The standard sales form, now known as SALEFORM 1993, has gone through several transformations since its introduction and is about...

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Shipping firms to contain problem

Foreign shipping lines have been left at sea by unclear liquidation procedures for abandoned containers at Vietnam’s ports.Danish shipping logistics firm Maersk Vietnam told VIR that it had 48 abandoned containers at Haiphong and Ho Chi Minh City ports. [Read...

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Nippon Yusen to Triple India Capesize Fleet on Demand for Coal, Iron Ore

Nippon Yusen K.K., Japan’s second- largest operator of dry-bulk ships, plans to more than triple its fleet of capesizes serving India because of demand for coal and iron ore in the world’s fastest-growing major steel market. The shipping line expects to have 15...

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DryShips Announces Entry Into the Tanker Segment

DryShips Inc., a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of...

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Feature: Boring … time to move on

As 2010 draws to a close and a global economic recovery of sorts gathers pace, it is sobering to reflect on just how close the western financial system came to collapse two short years ago. Were it not for some swift and decisive action taken by governments to...

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Vietnamese shipbuilder defaults on loan

Nearly-bankrupt Vietnamese shipbuilder Vinashin has defaulted on a loan to international lenders, a report said on Friday, in a move that could further damage the country's economic stability. Investors and analysts fear the scandal at Vinashin, whose debts exceed $US4 billion ($A3.99 billion), is symptomatic...

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Pipavav Shipyard signs MoU with Sweden's SAAB Dynamics

Integrated ship-building facility Pipavav Shipyard today said it has signed an agreement with SAAB Dynamics AB, part of Sweden's Wallenberg Group , to tap opportunities in India's defence segment. [Read More] Source: The Economic Ti...

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Drydocks delivers platform support vessel to REM Offshore

Platform Supply Vessel (PSV) REM Supplier which was built at Drydocks World's Nanindah shipyard was successfully delivered to REM Offshore, Norway-based shipping company engaged in the oil and gas sector. [Read More] Source: ...

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Orderbook turns to growth!

With the global orderbook showing an upward trend both in the number of ships and tonnage in early December against last month, Korea has got ahead of China in new orders based on contract values so far this year. [Read More] Source: Asia...

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Samsung wins 6 Suez + 6 Aframax

Greece's DryShips, a shipowner of deep-water drilling rigs and bulk carriers, said it has entered into the tanker segment by signing an agreement to purchase 12 tanker newbuildings for $770m from Korea's Samsung Heavy Industries. [Read More] Source: Asia...

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Samsung Heavy Leads Shipyards Higher as U.S. Spending Spurs Order Optimism

Samsung Heavy Industries Co., the world’s second-largest shipyard, led gains by shipbuilders in Seoul trading after an increase in U.S. consumer spending stoked optimism about the outlook for container-vessel orders. [Read More] Source: Bloomb...

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