News 2012 October 12

Ghana court rules Argentine naval ship seizure was legal

Damen to build 14 Damen ASD Tugs for Kuwait Oil Company

Iran's sea trade buckles under Western sanctions

UASC intoduces GEM1 a direct service from ISC, Arabian Gulf and Red Sea to Turkey

Wärtsilä X72 engines selected for six vessels being built for Singapore based customers

Kochi Port extended allowance for ships calling on Vallarpadam

Egypt’s SCCT completes successful navigation trials

Unipec fixes VLCC to carry HSFO on NWE-East route

ERRIA wins lawsuit against Chinese yard

LNG-powered Viking Grace redefines ferry travel

EU Commission attempts to legalize recycling ship exports to developing countries

EDF begins construction of Dunkirk LNG terminal

East African port to be privatised

Concessions for ships calling at Vallarpadam extended by a year

Fujian Shipbuilding forms jv with Jichai Power

Cape Town Agreement on safety of fishing vessels adopted in South Africa

Maersk takes 19 ships off Asia-Europe route as demand falls

Russia, Norway set record cod quotas in the Barents Sea

Coscon, China Shipping Container Lines join forces

Wärtsilä X72 engines selected for six vessels being built for Singapore based customers

ICBC sees Singapore as attractive ship finance hub

Russia to raise sunken nuclear subs

Deiulemar Shipping declares bankruptcy

Norwegian Car Carrier in time charter contract for NOCC Caspian

Norilsk Nickel posts lower half-year profit

USC, Astrakhan region mull Russia's first shipbuilding zone

Coin ceremony for MSC Preziosa

Drillships drive "surge" in Korean shipyard orders

Yusen Logistics sets up Far East branch in Nakhodka

General Dynamics wins $8m contract modification for LCS2

Maersk Line cuts further capacity on the AE trade on low demand

Indonesia to set up post-cabotage task force

EU Naval Force captures suspect pirate boat

Transportation Ministry OKs port charges in Russian ports

CPV handles heavylift units for gold mining company (photo release)

Fjellstrand AS inks Ulstein SX 163 ISV contract with Siem Offshore

International Shipholding acquires United Ocean Services

Two Singapore bunker suppliers give up MPA licence

IMO environment committee approves Wärtsilä’s BWMS

Hyundai Heavy Industries annuls TMT orders

Cambodia has annual bunker sales potential of 720,000 mt

Zhejiang Yangfan pens order for eight boxships

SAR Spasatel Karev completes sea trials (photo)

Steel-cutting for 60MW icebreaker at Baltic Shipyard slated for summer 2013

Bunker prices up on Thursday

CTC Terminal ships 300mth ton of oil to Ce-Breeze

Crude oil prices up to $115,71 in London, in New York - to $92,07