Japan is vindictive says Panama chief JAPAN is waging a vindictive campaign against Panama-flagged ships, the head of the world's largest register has alleged to Lloyd's List.
No merger for troubled cruise line ROYAL Olympic Cruise Lines has said no merger is in prospect with another cruise operator, despite talks in recent days with Commodore Cruise Line.
Geodis working profits decline TOP French transport group, Geodis, has reported a 23.9% increase in first half net profits to FFr81.5m ($13.1m) but saw its operating income decline 3.7% to FFr192.4m.
GIO will retain its reinsurance business for some years LOSSMAKING insurer GIO Australia Holdings said yesterday it expected to retain the bulk of its re-insurance business for a number of years.
Capesize rate upturn put on hold NORWEGIAN shipbroker Lorentzen & Stemoco has warned that the capesize bulk market could be in for several years of $10,000-$12,000 freight rates, mainly as a result of continued tonnage oversupply caused by shipowners' refusal to scrap older ships.
CargoConnect Transport & Logistics CargoConnect Transport & Logistics has added a second vessel to its ro-ro service between Hamburg and the UK Port of Hull. The CCTL Hamburg joined the Pasewalk on the service at the beginning of this month and together the vessels offer four sailings a week to and from CCTL's new operating centre at the Dradenau Terminal in Hamburg's Freeport area.
China reporting scheme gains IMO approval A NEW mandatory ship reporting scheme off the east coast of China has been approved by the International Maritime Organisation.
Little rise seen in bunker demand BUNKER fuel demand is projected to increase only slightly between 1998 and 2005, rising to 60,000 bpd worldwide, according to forecasts by Anglo-Dutch oil giant Shell.
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