Adour: 'criminals abandoned the camp'
Adour: 'criminals abandoned the camp'
TWO HOSTAGES from the French product tanker Adour are safe today, after being freed in a military raid.
11:38 19 Jun
TWO HOSTAGES from the French product tanker Adour are safe today, after being freed in a military raid.

A French armed forces spokesman said last night in Paris that two French officers, kidnapped by pirates on 17 June after the ... Full Story >>

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Maria Bertzeletou:
16:15 19 Jun
NEWBUILDING orders hit 222 ships aggregating about 15M dwt in May, a level not seen since May 2011, shipbroker Golden Destiny said today. Full story >>

Tug in Nigeria
16:15 19 Jun
PIRATES in speedboats were reported today to have kidnapped four Indian and Polish crew members off oil supply vessel off Nigeria. Full story >>

DPW
16:15 19 Jun
DUBAI Ports World said today it has stretched the maturity date on its $1Bn revolving credit facility by a year. Full story >>

Douglas Jacobsohn
15:53 19 Jun
P&I CLUBS need to be closer to their members and learn how they run their day-to-day businesses, Oslo’s Skuld told Fairplay today. Full story >>

VLCC being eased into Milford Haven, Wales
15:32 19 Jun
VLCCs lifted one-third more cargoes in May than in April, giving tanker owners a respite, a shipping consultancy said today. Full story >>

Tankers of 5,500dwt had been for delivery on 31 March and 31 June, both 2012
14:13 19 Jun
SINGAPORE’S Yujin International said today it would get a full refund for advance payments, plus interest, for two newbuildings cancelled by a Chinese yard. Full story >>

Headline News

A NEW SHIP arrest has piled the pressure on STX Pan Ocean to seek Chapter 15 US protection while it restructures in Korea. Full Story >>
NEWBUILDING orders hit 222 ships aggregating about 15M dwt in May, a level not seen since May 2011, shipbroker Golden Destiny said today. Full Story >>
PIRATES in speedboats were reported today to have kidnapped four Indian and Polish crew members off oil supply vessel off Nigeria. Full Story >>
DUBAI Ports World said today it has stretched the maturity date on its $1Bn revolving credit facility by a year. Full Story >>
P&I CLUBS need to be closer to their members and learn how they run their day-to-day businesses, Oslo’s Skuld told Fairplay today. Full Story >>
VLCCs lifted one-third more cargoes in May than in April, giving tanker owners a respite, a shipping consultancy said today. Full Story >>
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Latest Markets News

9:28 19 Jun
NASDAQ-listed NewLead Holdings said today the price of 3,750 grams of nickel wire it received in January, in lieu of about one-third of its equity, could be 99% lower than expected. Full Story >>
Sea-web Insight
Four kidnapped off Nigeria
PIRATES in speedboats were reported today to have kidnapped four Indian and Polish crew members off oil supply vessel off Nigeria. 
DPW stretches credit maturity date
DUBAI Ports World said today it has stretched the maturity date on its $1Bn revolving credit facility by a year. 
Big boys elbow Panamaxes
OWNERS of older Panamax box ships face a “bleak future”, with vessels seen as obsolete given more ships arriving that top 10,000teu, a liner shipping analyst warned today. 
Trieste to upgrade box cranes
Trieste is upgrading two of its container cranes to super post Panamax standard, making them the largest in the Adriatic, the Trieste Marine Terminal said today in a statement. 
Drybulk snarls ease
CONGESTION in major drybulk ports fell last week, as ship delays were lower by 19.6% in major iron ore ports, while major coal ports saw delay days rise by 3%. 
Shippers label box alliance as ‘monstrous’
EUROPE’S shippers prepared today to mount a head-on challenge of the Big Three box alliance. 
Tanker taken off Togo?
A FRENCH product tanker is still missing today with its crew, who lost contact with the shipowner five days ago off West Africa. 
Salvors rush to Arabian Sea box ship casualty
SALVORS are today trying to reach MOL Comfort in the Arabian Sea, where both sections of the cracked, 8,110teu box ship remain afloat, Cargo Casualty Management said. 

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