Hutchison under fire for alleged labour abuses HUTCHISON Port Holdings is under fire for alleged national and international labour law abuses by one of its sub-contractors hired to dredge the Balboa Port located at the Panama Canal's Pacific entrance.
Rogue ship escapes from detention A rogue ship being operated by an organised crime group based in Lebanon broke free from arrest in Banjul, Gambia earlier this week, putting multi-million dollar cargoes at risk of theft, according to the ICC International Maritime Bureau .
Cosco to take 50% stake in Tianjin venture COSCO Pacific, the Hong Kong unit of China's largest shipping line, signed a memorandum of understanding with Tianjin Port Authority to take a 50 per cent stake in a venture that will develop six new berths in Tianjin.
Air and Land Transport
Qantas still seeking some form of tie-up with Air NZ QANTAS Airways chief Geoff Dixon says he has not completely given up on forming an alliance with competitor Air New Zealand, despite the second-round failure to get his revised equity proposal past competition regulators.
Hutchison under fire for alleged labour abuses HUTCHISON Port Holdings is under fire for alleged national and international labour law abuses by one of its sub-contractors hired to dredge the Balboa Port located at the Panama Canal's Pacific entrance.
Rogue ship escapes from detention A rogue ship being operated by an organised crime group based in Lebanon broke free from arrest in Banjul, Gambia earlier this week, putting multi-million dollar cargoes at risk of theft, according to the ICC International Maritime Bureau .
Cosco to take 50% stake in Tianjin venture COSCO Pacific, the Hong Kong unit of China's largest shipping line, signed a memorandum of understanding with Tianjin Port Authority to take a 50 per cent stake in a venture that will develop six new berths in Tianjin.
Air and Land Transport
Qantas still seeking some form of tie-up with Air NZ QANTAS Airways chief Geoff Dixon says he has not completely given up on forming an alliance with competitor Air New Zealand, despite the second-round failure to get his revised equity proposal past competition regulators.
ARA region: Softening markets see increased demand PM Markets in the ARA region were reasonably quiet this morning. With crude continuing its descent buyers were holding back, expecting the market to come down and they were not disappointed.
Higher Asian fuel oil supply may cause Singapore stocks to swell An unexpected draw in Singapore stocks of residual fuels, which includes fuel oil, was possibly caused by higher Chinese imports. However, there is more fuel oil exports on the cards from South Korea and even Taiwan in November, offering straight run fuel oil which Chinese buyers tend to prefer over imports from Singapore.
October a bad month for Singapore bunker sales?
Singapore market bearish with crude despite surprise stock draw The overnight fall in crude prices pushed Singapore cargo and bunker prices down even further today. Even an unexpected and substantial fall in weekly figures for on-shore stocks of residual fuels, which include fuel oil, were not enough to prevent prices from falling.
Italy on the rise after a week of softening
SMP launches double-bottom bunker barge in Egypt Shell Marine Products (SMP)today announced the launch of a new double-bottom fuels barge to operate in the Suez, Adabeya and Soukhna area. Most barges operating in the Suez region are 15 - 20 year old single-hulled vessels.
Shortsea boost in European state aid rules BRUSSELS has published its revised guidelines for maritime state aid, with clear gains for European shortsea shipping.
Baltic Exchange looking to play stronger BALTIC Exchange chairman Peter Kerr-Dineen has sought to flesh out the institution's strategic review by underlining its importance to future growth in the freight derivatives market, writes Neville Smith.
Bulker held after claim of link with al-Qa'eda PETROBULK-managed bulk carrier Athena was boarded at Kunsan in South Korea yesterday after an apparent intelligence tip-off that a ship might be carrying al-Qa'eda operatives.
ISU president steps in to demand release of Tsavliris salvage master INTERNATIONAL Salvage Union president Joop Timmermans has called on Pakistan to release immediately Tsavliris salvage master Nikos Pappas who, together with members of the Tasman Spirit crew also detained following the recent Karachi oil spill, could face stiff jail terms, it has emerged.
Basques win right to sue ABS THE Basque region of Spain today won its right to sue US class society ABS over the Prestige affair when a US Court rejected an ABS bid to stop the judicial process, a spokesman from the Basque government said
ISU wakes up to Tasman implications ISU president Joop Timmermans has called on Pakistan to end the detention of Tsavliris salvage master Nikos Pappas
GL cracks down on Romanian flag GERMANISCHER Lloyd is to support the Romanian Naval Authority in its efforts to clear the ship registry of its substandard vessels
Owners support new EU aid rules EUROPEAN shipowners have welcomed new guidelines on state aid for maritime transport unveiled by the European Commission today
IMO and US at odds over ISPS A potential split between the US and the IMO emerged today at the BIMCO general meeting
Mitropoulos urges ISPS action COUNTRIES should "act fast and act now" to implement the ISPS Code by its 1 July, 2004 deadline, urged IMO secretary-general-elect, Efthimios Mitropoulos
New collective agreement for BC longshore foremen signed Canada's West Coast waterfront foremen union - representing 425 foremen - and their employers today signed a recently-negotiated new collective agreement.
Carriers attacked on 'back-door' rate increases US transport industry members have criticised box lines for using indirect charges to avoid directly raising rates, particularly by hiding costs in complex contractual language.
Rate rise needed for terminals of the future
Effect on AP Moller Maersk of CSX earning restatement yet to be revealed, says analyst
ANL joins another East-West trade, express
Tianjin Port (Group) Co reports increased profits but cargo results mixed
Strong first quarter for Sydney
Short-sea shipping group will not lobby for state aid
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