System.Web.HttpException (0x80004005): The file '/seaweb_welcome.ascx' does not exist. at System.Web.UI.Util.CheckVirtualFileExists(VirtualPath virtualPath) at System.Web.Compilation.BuildManager.GetVPathBuildResultInternal(VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean throwIfNotFound, Boolean ensureIsUpToDate) at System.Web.Compilation.BuildManager.GetVPathBuildResultWithNoAssert(HttpContext context, VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean throwIfNotFound, Boolean ensureIsUpToDate) at System.Web.Compilation.BuildManager.GetVPathBuildResult(HttpContext context, VirtualPath virtualPath, Boolean noBuild, Boolean allowCrossApp, Boolean allowBuildInPrecompile, Boolean ensureIsUpToDate) at System.Web.UI.TemplateControl.LoadControl(VirtualPath virtualPath) at seaweb.authenticated.handler.PlaceHolderLoad(String ControlLocation, PlaceHolder PlaceHolder, Boolean boolBuildTree, String report) Sea-web: Welcome

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LPG freight rates dropped below the $100/tonne mark as traders calculated their moves ahead of Saudi ARAMCO's announcement of contract prices for March.  Full story >>

NYSE-listed Scorpio Tankers has reported lower than expected 4Q14 earnings but confirmed positive rate trends for 1Q15.  Full story >>

Leading European shipbuilder Fincantieri saw profits drop sharply last year as difficulties in its offshore activities offset the recovery in its main cruise ship construction business.  Full story >>

South Korea’s Hyundai Heavy Industries (HHI) has secured an order for two suezmax crude oil tankers from Greek shipowner Alpha Tankers & Freighters International.  Full story >>

European dredging contractors should be alert to rising competition from the Asian market as well a diminishing window of opportunity in the region, says the IADC.  Full story >>

German transport lender DVB bank is hopeful that risk costs will continue to fall this year despite increased stresses in the dry bulk shipping and offshore services sectors.  Full story >>

The four remaining Thai crew of the fishing vessel held in captivity for nearly five years have been released.  Full story >>

Indian seafarers may finally obtain an exemption from income tax bringing relief to domestic shipping companies struggling with inflated wage bills.  Full story >>

Japanese Liquefied Petroleum Gas (LPG) importer Astomos Energy today sealed VLGC time-charter contracts with compatriot shipping companies Nippon Yusen Kabushiki Kaisha (NYK Line) and Kawasaki Kisen Kaisha (‘K’ Line).  Full story >>

South Korean bulker operator Pan Ocean posted a KRW788.6 billion (USD716 million) net profit for 2014, which is regarded as a great improvement compared with the KRW1.909 trillion loss for 2013.  Full story >>

Japan’s biggest shipping company Mitsui OSK Lines (MOL) revealed on 2 March arrangements relating to its plan to operate six 20,000 teu container ships.  Full story >>

Thoresen Thai Agencies (TTA) has posted a net profit of THB986 million (USD30.5 million) for 2014, as its shipping unit returned to the black.  Full story >>

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