Wind factor in spill rebutted WIND WAS no factor in the Eagle Otome oil spill in Texas, the US Coast Guard has told a panel of inquiry.Read more: Fairplay Daily News

Hanjin Shipping to start direct service from Asia to Mexico Hanjin Shipping is starting a direct service between Asia and Mexico effective middle of March. Hanjin Athens, currently deployed in CAX (China America Express), one of Hanjin Shipping’s major lanes in the trans-pacific trade,Read more: Latest News

Stock Picker: Baltic Dry Index Still a Good Indicator The Baltic Dry Index, a leading economic indicator used by market insiders to gauge global demand for dry commodities, is up over 20 percent in the past month. While some critics have claimed that the index is an inaccurate measure,...Read more: Latest News

Norwegian shipowners set to fly Nigerian flag In what could be described as another major milestone, a group of Norwegian ship owners have expressed their desire to register their ships in Nigeria and fly the country’s flag, under a Bare Boat charter arrangement.Read more: Latest News

Circumnavigating teenagers stay connected via FleetBroadband Two teenage girls sailing solo around the world are keeping in touch with family, friends and supporters worldwide thanks to FleetBroadband.Read more: Inmarsat - Maritime news

Balearia takes delivery of third ferry The Spanish operator, Balearia, has taken delivery of the third in a series of four ropax vessels that it has on order at the HJ Barreras shipyard. Alhucemas has capacity for around 1,000 passengers a...Read more: Riviera Martime Media

Meyer Werft delivers a fourth AIDA ship AIDA Cruises has taken delivery of 71,300gt AIDAblu from Meyer Werft. This is the fourth ship out of a series of six that is tailored specifically for the German market. Carrying 2,192 passengers and ...Read more: Riviera Martime Media

Petronas courts Norway MALAYSIA’S oil major Petronas wants to team up with Norway to learn about deepwater exploration, IHS Global Insight reported today.Read more: Fairplay Daily News

Saudis sign anti-piracy code SAUDI Arabia today signed the Djibouti anti-piracy code, becoming the 13th country to do so.Read more: Fairplay Daily News

STX lands $42.5M from bond NORWAY’S shipbuilding group STX Europe told Fairplay today is has received a $42.5M in funds from a bond issue.Read more: Fairplay Daily News

German exports 'hit by cold weather' German exports fell unexpectedly in January, with the cold weather that month being seen as the main cause. Exports in the first month of the year declined 6.3% on a seasonally adjusted basis, compared with December.Read more: Latest News

Oil companies take more risks with price rebound A rebound in oil prices has encouraged oil and gas companies to take more risks in their quest for reserves, drilling deeper in more remote waters or finding new sources of energy, top executives said.Read more: Latest News

TCC to launch slimmed-down shipping services One of the boldest shipping ventures of the past two decades is to start operations next month during the sector's worst downturn with the first sailing by a simplified container shipping operationRead more: FT.com - Shipping

Vessel port fees U-turn attacked Shipping organisations say the cut in a proposed increase in the fees charged to vessels visiting British ports is too small to make a significant differenceRead more: FT.com - Shipping

Greek Crisis Is Over, Rest of Region Safe, Prodi Says The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.Read more: Latest News