Malaysia may force cargo through Klang MALAYSIA'S Cabinet has discussed using legislation to force the country's exporters to ship their cargo through Port Klang instead of Singapore, Malaysian newspapers have reported.
Reformers elected to Baltic board PETER Kerr-Dineen, joint chairman at Howe Robinson, and Jervis Devonshire of Lykiardopolus & Co (Chartering) have won the election to join the Baltic Exchange's board at the conclusion of the Exchange's annual meeting next Wednesday. Both members beat third finalist Jan Bagger of Hans Bagger.
Subic Bay users claim dispute cost $3.5m daily BUSINESSES at the Subic Bay Freeport lost $3.5m daily at the height of the dispute over the chairmanship of the freeport as tension there forced cancellation of regular ship calls.
Cory orders fire tugs for Salalah TWO firefighting tractor tugs have been ordered in the Netherlands by Cory Towage to serve the British company's wide-ranging management contract at the growing Omani port of Salalah.
Kwangyang still below capacity SINCE the opening ceremonies at the beginning of the year, the four deepsea container berths and a state-of-the-art terminal at Kwangyang, 160 km from Busan, have remained empty.
Klaus Oldendorff set to buy Halla resale VLCC KLAUS Oldendorff, the Cyprus-based shipowner, is set to buy a re-sale VLCC newbuilding order at Halla Heavy Industries that was abandoned by sister company Hyundai Merchant Marine, writes Matthew Flynn.
Forwarders targeting sea transport A SPATE of acquisitions and alliance announcements has signalled moves by forwarders to become more involved in the maritime sector.
Iraq contests Kuwait's move to sell tankers IRAQ'S foreign minister has petitioned the United Nations to encourage Kuwait's withdrawal from the $16.5m sale of five tankers, a UN spokeswoman confirmed yesterday.
Philippines plans insurance reform THE Philippine Department of Finance plans to institute reforms in its marine and other non-life insurance sector to reduce taxation on policies.
New group focuses on global insurance structure THE first step towards establishing a single global organisation to eliminate duplication of effort and costs in the world's insurance and reinsurance industry has been taken.
Vlcc scrapping is the joker, says Bergesen boss VEIN Erik Amundsen, md of the Norwegian bulk shipping group Bergesen, says scrapping of old tankers will be the joker card for the vlcc market.
Premier Cruises plans to raise $55m TROUBLED Miami-based cruise-company Premier Cruises plans to raise a total of $55m to avoid defaulting on the repayment of a bond issue.
Tor Line takes on two deep sea ro-ros TOR Line, part of the Danish shipping group DFDS, has taken on bareboat charter two deep sea ro-ros from Stena RoRo.
Evergreen signs for five post-panamaxes TAIWAN'S Evergreen Group yesterday signed a contract with Mitsubishi Heavy Industries of Japan for the construction of five 5,364 teu U-class container vessels.
Malta's box throughput soars MALTA Freeport handled a record 500,000 teu in the first six months this year, a 54 per cent improvement in container movements over the same period last year.
OOCL introduces north-east UK feeder HONG KONG-based container carrier OOCL has introduced a call at Blyth in north-east England as part of its recently established feeder operation.
McCoy to take over at the Baltic THE Baltic Exchange will welcome Hugh McCoy as its new chairman after its AGM on July 15.
P&O-Shougang bulk joint venture launched ASSOCIATED Bulk Carriers (ABC), the joint venture operation between P&O and Shougang, began trading this week.
New seafarer training academies for China THREE Chinese shipping academies last week passed the quality system examination for seamen's education and training conducted by the Ministry of Communications.
Essar seeks additional borrowing INDIA'S Essar Shipping is seeking shareholders' approval to raise its borrowing powers.
Mærsk/Sea-Land sign Bremerhaven deal MÆRSK Line, Sea-Land and Bremerhaven port operator BLG have signed a joint venture deal to operate a container terminal in Bremerhaven.
Mariveles Grains Terminal to be expanded THE Mariveles Grains Terminal, the first land-based multi-user bulk terminal in the Philippines, will be expanded to cope with growing imports of grains.
Petronet to build floating lng terminal PETRONET LNG has decided to opt for a floating liquid natural gas receiving terminal with onboard gasification of lng at Dahej port in South Gujarat.
Andrew Weir enhances Mediterranean service LONDON-based Andrew Weir Shipping has introduced a 1,012 teu capacity vessel to the northern route of its Med Express service.
WA miners press for port competition Western Australian mining lobby group, the Chamber of Minerals and Energy has called for more genuine competition between the state's ports to ensure WA's $17.3 billion minerals industry remains competitive. Chamber executive officer economic affairs Charles Crouch said greater competition was vital between ports to ensure that the cost of transport did not escalate.
ACCC position remains crucial Efforts were underway yesterday to clarify the position of the Australian Competition and Consumer Commission and its legal action against the Maritime Union of Australia. With the deadline approaching for a final resolution of the dispute between Patrick and the MUA there is still no indication whether the ACCC will drop the proceedings, as demanded by the union.
Sea-Land takes over in Brisbane Sea-Land is increasing its presence in the Australian stevedoring scene with its move into the Port of Brisbane. While the company officially took over the new terminal on 1 July, according to Sea-Land's Captain Andy Andrews, it will not become operational "realistically until the last week of August". Cranes for the new facility are on their way from Shanghai, where Sea-Land has had new cranes built for its operations in Oman and Hong Kong. The Brisbane cranes were pulled out of Sea-Land's Hong Kong operation and have been modified for the new Australian operation. They will arrive in Brisbane at the end of the month.
Freight hub for Gippsland Freight transport services from Victoria's flood-ravaged Gippsland region have been given a timely boost, with plans to build a new $3 million intermodal freight hub announced this week. The new road/rail terminal, to be established at the Hazelwood Public siding on land of the old power station at Morwell East, is being developed by National Logistics Coordinators in cooperation with V/Line freight.
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