Insurers warned on ISM code MARINE underwriters who knowingly insure ships without International Safety Management Code certification may find themselves criminally liable, according to legal opinion produced by one of Britain's top admiralty silks.
Australian unions set talks agenda AUSTRALIAN waterfront unions have made fresh moves to stevedore Patrick over its plan to lease Melbourne's Webb Dock to Producers and Consumers (PCS) Stevedores, a non-union dock operator set up by the country's farmers.
Rail freight set to boost its UK market share RAIL freight is set to increase its UK market share, according to Julia Clarke, director of industry association the Rail Freight Group.
Confidence returning in South Korea SOUTH Korean people withdraw money from cash machines at a bank in Seoul yesterday.
Baltic port plan delayed ONE of the Baltic's high-profile investment projects, the construction of a $3.7bn port in the Leningrad administrative region near St Petersburg, has become tangled in a court dispute that may delay it for months.
Russia launches fertiliser hub for Ust-Luga ANOTHER milestone was reached this week in Russia's drive to carve three ports into the Gulf of Finland, with the ground-breaking of a mineral fertiliser terminal for the port in Ust-Luga, write Yevgenia Borisova and Lloyd Donaldson.
Oil demand growth set to slow down Mr Stomberg, who retired from his BP post at the end of last year, said that it was still "early days" for estimating the impact of the Asian oil crisis on world demand but said that his view was that the anticipated increase in demand this year could be brought down to 1m bpd.
Malta ferry construction begins CONSTRUCTION of the first of three inter-island ferries, destined for service between Malta and the island of Gozo, has begun in Valleta with the hull laying ceremony at Malta Shipbuilding.
Transbrasa wins bid for Parangua terminal BRAZILIAN group Transbrasa/Redras has won the bid for control of the car and container terminal (Tevecon) at Paranagua.
Intercargo pushes for speedy Flare report INTERCARGO chairman Sverre Tidemand has stressed that shipowners need to know why the bulk carrier Flare sank "as soon as is humanly possible".
Malta Shipbuilding 'needs no foreign workers' A NORWEGIAN overseeing the construction of three Gozo ferries at Malta Shipbuilding Co has said there is no need to bring in foreign workers to complete the work.
Newbuilding orders 'set to slow down' NEWBUILDING orders for Japanese and South Korean yards are likely to slow this year as Asia struggles through the regional economic crisis, according to the Japanese exporters.
Evergreen's Taranto bid was overwhelming ONLY two of the 17-member port committee at Taranto, Italy, backed the bid by Malta Freeport Corp to take over the greenfield site at the port, which was won by Evergreen.
Norsul acquires two more LloydBras bulkers BRAZILIAN bulk shipping company Norsul has picked up at auction two more Lloyd Brasileiro vessels, the 45,000 dwt bulker Rio Apa and and 51,000 dwt Rio Tefe.
US food exporters hit by Asian woes US fruit growers and food processors are beginning to see the effects of Asia's economic woes.
Indian strike theatens Andaman food crisis ANDAMAN and Nicobar islands face starvation as the supply of foodgrains from Visakha-patnam to Port Blair has been hit by the dock labour board workers' strike.
MUA threats 'to be fought in courts' AUSTRALIA'S new non-union stevedoring company has warned the MUA that any international trade union action against it would be fought in the courts.
Danish operator to challenge ferry monopoly VOGNMANDS-RUTEN, the ferry operator owned by Danish investment company Difko, may set up a service between Puttgarden in Germany and Rodby in Denmark.
Grounded Turkish vessel refuses Greek assistance A TURKISH flag general cargo vessel remains grounded off the Greek island of Kos today as its master refuses assistance from Greek salvage services.
CSSC identifies five key goals HUANG Pingtao, deputy general manager of Chinese shipbuilding group CSSC, has delivered a report on the five key points for the group over the next two years.
MSC rumoured to be bidding for Italian lines UNCONFIRMED rumours in Italy suggest that Switzerland-based Mediterranean Shipping Company has put in a bid for both Lloyd Triestino and Italia di Navigazione.
Extra spill cover costs slashed The cost of USD 200m in additional pollution insurance demanded by oil companies and other charterers will fall by 30 per cent at next month's renewal of protection and indemnity (P&I) cover.
KOGAS to pare massive LNG deal A massive newbuilding project by the Korean Gas Corp for up to six 135,000-cbm LNG carriers worth USD 220m each will probably be scaled down to just two vessels.
Hong Kong firms shelve expansion Jinhui Shipping and Transportation, which is in the middle of expanding its Panamax bulker fleet, is pulling the plug on orders. Hong Kong Ming Wah is also treading cautiously in the midst of Asia's financial turbulence.
New Legend emerges from Mayamar roots The appearance of a new shipmanagement company often means little and sometimes hides an internal change in a group, but it occasionally signals a genuine change of status for a number of vessels. The latter is the case with newly formed Legend Maritime Enterprises Inc.
Founder bails out of Castalia Peter Stokes has bailed out of Castalia Partners Ltd, the shipping investment fund he helped create, and taken a new position as head of shipping research at Lazard Capital Markets in London.
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