Crewman shot dead by pirates off Aceh A pirate attack turned deadly in the northern Malacca Straits off the war-torn Indonesian province of Aceh last week when a 27-year old Philippine crewman was shot dead by armed pirates.
Bangladesh tightens steps to curb piracy PORT authorities in Bangladesh are talking tough on the issue of piracy, saying that if it is allowed to continue unchecked the country might become a 'major criminal zone' like the Malacca Strait, Indonesia and the Philippines.
Philippine yard plans to double capacity THE Philippine's largest shipbuilder, Tsuneishi Heavy Industries Inc, reported that it was investing an additional US$170 million for the construction of a second slipway at its Balamban yard in the central Philippine island of Cebu.
China Merchants a hot favourite CONTAINER throughput in Shenzhen's three main terminals is expected to surpass that in Hong Kong's Kwai Chung in 2005 as more shippers in the Pearl River Delta shift to the closer and cheaper Shenzhen ports.
Terror attack is worst nightmare for US ports MILITANTS ship a nuclear bomb into a United States port and ravage an entire city.
Heavy turnover A life preserver lies on the ice in the Hudson River near the stern of the Dutch ship Stellamare after the vessel overturned at the Port of Albany in Albany, New York, on Tuesday.
Air and Land Transport
FAA to run air traffic control like a business THE Federal Aviation Administration and the union representing air traffic controllers signed a two-year contract extension on Tuesday that includes reforms to make the agency function more like a business.
United close to exit financing deal: sources
Vietnam Airlines to start direct daily flights to US
Log Book
Newbuilds
Japanese ship owners plan for major retonnaging OWNERS appear to have been rushing to book ships as the backlog for larger vessels extends into 2006 and 2007.
Crewman shot dead by pirates off Aceh A pirate attack turned deadly in the northern Malacca Straits off the war-torn Indonesian province of Aceh last week when a 27-year old Philippine crewman was shot dead by armed pirates.
Bangladesh tightens steps to curb piracy PORT authorities in Bangladesh are talking tough on the issue of piracy, saying that if it is allowed to continue unchecked the country might become a 'major criminal zone' like the Malacca Strait, Indonesia and the Philippines.
Philippine yard plans to double capacity THE Philippine's largest shipbuilder, Tsuneishi Heavy Industries Inc, reported that it was investing an additional US$170 million for the construction of a second slipway at its Balamban yard in the central Philippine island of Cebu.
China Merchants a hot favourite CONTAINER throughput in Shenzhen's three main terminals is expected to surpass that in Hong Kong's Kwai Chung in 2005 as more shippers in the Pearl River Delta shift to the closer and cheaper Shenzhen ports.
Terror attack is worst nightmare for US ports MILITANTS ship a nuclear bomb into a United States port and ravage an entire city.
Heavy turnover A life preserver lies on the ice in the Hudson River near the stern of the Dutch ship Stellamare after the vessel overturned at the Port of Albany in Albany, New York, on Tuesday.
Air and Land Transport
FAA to run air traffic control like a business THE Federal Aviation Administration and the union representing air traffic controllers signed a two-year contract extension on Tuesday that includes reforms to make the agency function more like a business.
United close to exit financing deal: sources
Vietnam Airlines to start direct daily flights to US
Log Book
Newbuilds
Japanese ship owners plan for major retonnaging OWNERS appear to have been rushing to book ships as the backlog for larger vessels extends into 2006 and 2007.
Crewman shot dead by pirates off Aceh A pirate attack turned deadly in the northern Malacca Straits off the war-torn Indonesian province of Aceh last week when a 27-year old Philippine crewman was shot dead by armed pirates.
Bangladesh tightens steps to curb piracy PORT authorities in Bangladesh are talking tough on the issue of piracy, saying that if it is allowed to continue unchecked the country might become a 'major criminal zone' like the Malacca Strait, Indonesia and the Philippines.
Philippine yard plans to double capacity THE Philippine's largest shipbuilder, Tsuneishi Heavy Industries Inc, reported that it was investing an additional US$170 million for the construction of a second slipway at its Balamban yard in the central Philippine island of Cebu.
China Merchants a hot favourite CONTAINER throughput in Shenzhen's three main terminals is expected to surpass that in Hong Kong's Kwai Chung in 2005 as more shippers in the Pearl River Delta shift to the closer and cheaper Shenzhen ports.
Terror attack is worst nightmare for US ports MILITANTS ship a nuclear bomb into a United States port and ravage an entire city.
Heavy turnover A life preserver lies on the ice in the Hudson River near the stern of the Dutch ship Stellamare after the vessel overturned at the Port of Albany in Albany, New York, on Tuesday.
Air and Land Transport
FAA to run air traffic control like a business THE Federal Aviation Administration and the union representing air traffic controllers signed a two-year contract extension on Tuesday that includes reforms to make the agency function more like a business.
United close to exit financing deal: sources
Vietnam Airlines to start direct daily flights to US
Log Book
Newbuilds
Japanese ship owners plan for major retonnaging OWNERS appear to have been rushing to book ships as the backlog for larger vessels extends into 2006 and 2007.
ARA: Barge shortages and product surplus in volatile market ARA distillate prices have been on more of a rising trend over the past week, even the past 2 weeks, than is the case for fuel oil. We are also seeing barge congestion building up to an extent that is causing concern, with some suppliers now fully booked almost all the way through to Christmas.
Crude rally peters out as product build outweighs crude draw Despite huge crude inventory draws showed in the latest weekly US inventory reports, the rally in crude prices seen early on petered out as traders cited hefty stock builds for gasoline and even heating oil in the data.
Crude prices rally on big stock draw and cold weather Because the US draw in crude stocks is so much bigger than anticipated by the market, crude prices look well supported to rise further both on the back of the DOE/API inventory reports and the cold weather forecast that looks set to keep oil demand in the US strong for the next 2 weeks.
Piraeus sentiment still on the soft side
New physical supplier launched in Piraeus Al Petroil SA today announced that the company has entered the Piraeus bunkering scene as a physical supplier, operating its own fleet of bunker barges.
Korean numbers get an edge as indications come off
Three of Stellamare crew missing HOPES were fading last night for three crew members of a Netherlands Antilles-registered vessel which capsized in the US port of Albany on Tuesday.
Brown fights shy of pre-budget tax shake-up THE UK maritime community took heart from the government's pre-budget statement which failed to deliver feared measures against wealthy foreigners, including shipowners, or changes to UK tax leasing, an important source of ship finance.
Tanker demand to soar as rapid growth boosts oil output GLOBAL oil production is soaring with demand hitting new annual highs based on the world's rapid economic recovery and sizzling Chinese industrial growth.
Shipping opens up to Islamic investors SHIP finance boutique Tufton Oceanic is teaming up with the Dubai Islamic Bank in what it believes to be the first Islamic shipping investment company.
No change to UK taxation - yet LONDON shipping circles breathed a sigh of relief this afternoon in reaction to the UK Chancellor's pre-Budget report
SeaFrance cancels day's sailings FRENCH ferry operator SeaFrance has advised passengers that all sailings on 11 December have been cancelled
Fifth Fleet charts new strategy THE US Fifth Fleet is to be used to bring stability and predictability to the Middle East, while regulating development in co-operation with the merchant shipping sector
Salvage experts assess Stellamare INVESTIGATIONS have begun to find the cause of the capsize yesterday of the Jumbo Shipping heavy lift vessel Stellamare
Cruise terminal planned for Mombasa KENYA Ports Authority has appointed the UK consultancy group Symonds to develop a cruise terminal planned for Mombasa
American agents find a voice THE InterAmerican Association of Shipping Agents (Cianam) has been set up to represent the interests of shipping agents in the Americas
Ports get $179M in security funding But officials again take Washington to task over 'underfunded' security requirements after ports requested $987 million.
Boost for Lufthansa, Air France Carriers posted volume gains in November on stronger Asia-Pacific demand.
Submit security plans or face fines USCG warns terminals US terminal operators that have not filed facility security plans by the end of the year may be fined, the US Coast Guard (USCG) warned yesterday.
Soar away charter market set to break records in 2004 Howe Robinson expects its charter index to soar to record highs over the next year as a favourable supply and demand balance in most sectors plays into owner's hands.
Coscon plans second China/Europe string
Malaysian hauliers halt rebates, citing a price-war
Dominican Republic shipping shake-up
India-EU talks aim to double trade in five years
K Line president sees no end in sight to bull market
Panama Canal panamaxes-out on container-shipping
Westbound Atlantic rates rise on expected 4%-5% volume increase
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