Barry Rogliano Salles Weekly TANKER Market No 664 March 2010 has so far registered 107-108 fixtures for VLCCs in the Middle East Gulf, the highest figure reported for a long time (+23 compared to the same month in 2009).Read more: Latest News

Experts want law amended to suppress maritime piracy Despite tremendous advances in information and communication technology the world has made, the age-old menace of maritime piracy has spread its tentacles in recent years.Read more: Latest News

Stena Bulk Add Two New Suezmax to the Sonangol Pool Waiting for Their First Newbuilding to Arrive Stena Bulk of Sweden will be adding another two modern Suezmax vessels to their Stena Sonangol Suezmax Pool The 159,999 metric ton new building vessel, Yasa Scorpion, being constructed at Samsung Shipbuilding in Korea,Read more: Latest News

Tung gloomiest yet on shipping The chairman of Orient Overseas International warns that there will be continued excess supply of ships worldwide that would need to be absorbed over the next three to four yearsRead more: FT.com - Shipping

German summit lists options GERMANY’S crisis summit over ship funding has failed to deliver a breakthrough on aid – but all parties agreed today that this is no dead end.Read more: Fairplay Daily News

Orient Overseas Posts First Loss in 11 Years on Trade Orient Overseas (International) Ltd., Hong Kong’s biggest container line, posted its first annual loss in 11 years after volumes and rates plunged.Read more: Latest News

Warships take new strategy against Somali pirates An international fleet of warships is attacking and destroying Somali pirate vessels closer to the shores of East Africa and the new strategy, combined with more aggressive confrontations further out to sea, has dealt the brigands a setback, officials and...Read more: Latest News

Safe Bulkers, Inc. Announces Pricing of Its Public Offering of Common Stock Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced yesterday that its public offering of 9,000,000 shares of common stock (the Public Offering ) was priced at $7.00 per share (the Public Offering Price )....Read more: Latest News

SBM Atlantia set to deliver three semis March 19,2010 --SBM Offshore has updated progress on three new dynamically positioned semisubmersible drilling rigs, all under construction in Abu Dhabi. ....Read more: RSS for Articles and Whitepapers

Kleven storms 2009 NORWAY’S shipbuilder Kleven Maritime told Fairplay today it sailed through 2009 with its best-ever operating profits.Read more: Fairplay Daily News

Oz coal exports in turmoil A WEEK of bad weather and the looming threat of Tropical Cyclone Ului are playing havoc today with Australian coal exports.Read more: Fairplay Daily News

UK coastguards attempt rescue THE SHETLAND coastguards are trying to establish a tow to rescue a general cargo ship stranded in bad weather off Scotland.Read more: Fairplay Daily News

SS Teo calls for EXIM bank for Singapore shipping Singapore Shipping Association president SS Teo is calling for a proposed Singapore EXIM bank to be extended to shipping. In his capacity as a nominated member of parliament Teo strongly supported a recommendation by the Economic Strategies Committee to set...Read more: Latest News

Rates to rise: Goldman Container lines will 'absolutely' win targeted rate increases on Asia-US routes this year because of capacity cuts and rising US consumer spending, according to Goldman Sachs Group Inc.Read more: Latest News

Tories call for freeze on old rates at ports The Conservatives are calling on councils covering England's 55 statutory ports to suspend collection of up to £220m in backdated business rates in order to save companies from collapseRead more: FT.com - Shipping