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At this time of turbulence in the world economy and global finance and worrying indicators for shipping markets, leading shipping industry and finance figures will be sharing their views at Lloyd’s Shipping Economist’s 21st Ship Finance and Investment Conference organised by Lloyd’s List events and being held at the Café Royal in London on 4 [...]

The 25-year-old petty officer, who has not been named, had submitted a request to resign from an elite training programme, conducted at the Maritime Self Defence Force’s base in Etajima, southern Japan. But before his superiors approved his departure, he was required to fight 15 of his colleagues in a kick boxing-style event that Japanese [...]

The UK now leads the world in generating electricity from offshore wind farms, the government said today as it completed the construction of a farm near the coast off Skegness, Lincolnshire. The new farm, built by the energy company Centrica, will produce enough power for 130,000 homes, raising the total electricity generated from offshore wind [...]

The crew of an Indian cargo vessel that was hijacked by Somali pirates has been freed by freelance coast guards following a gun battle, officials said Tuesday. The vessel, which was carrying a 13-member crew, was en route to Somalia from Asia when it was seized by pirates in speedboats on the weekend, said Noel [...]

As owners and managers across the industry struggle to adapt to a fast-changing economic landscape, they will find increasing opportunities to rein in crew wages, according to V.Ships president Roberto Giorgi. continue reading source: Lloyd’s List

Thirty-four people were evacuated from an oil rig in the North Sea after a fire broke out late yesterday. The Humber Coastguard transferred 34 of 79 crew members to a standby vessel after a report of smoke in the accommodation area at 10:45 p.m. last night, the U.K. Maritime & Coastguard Agency said in a [...]

Soldiers freed a cargo ship from pirates roving Somali waters in a gun battle which killed one and wounded three others. The nine Syrian and two Somali crew members taken hostage on the Panama-flagged vessel were unhurt. The ten pirates who had held the ship since last Thursday surrendered when they ran out of ammunition, [...]

Always look on the bright side of life; at least the impending 1930s-scale economic slump means that the shipping industry could avoid the crewing crisis many have been predicting for some time. So instead of ships being laid up because nobody with the right training is around to sail them, they will be laid up [...]

The credit crisis sweeping the globe is curtailing shipping activity as shippers cancel contracts with owners because of the mounting difficulty of obtaining trade finance. Dry bulk shipping – the movement of large quantities of coal, iron ore, wheat and other bulk commodities – has also seen its problems exacerbated by the unwinding of speculative [...]