Winter demand to raise tanker rates in Q4: analysts OIL tanker rates for shipping crude from the Middle East may extend their 60 per cent gain this year on record oil demand, led by the US and China, according to a survey of analysts.
MISC to raise US$750m from ship sales: report MALAYSIA International Shipping Corp , South-east Asia's biggest shipowner by market capitalisation, plans to raise as much as US$750 million from the sale of its fleet of 32 dry-bulk ships, Oslo-based broker P F Bassoe AS said in a market report.
Malaysian port volumes may jump 13% this year MALAYSIA's ports, which are competing with neighbouring Singapore for South-east Asia's sea freight, are expected to handle 13 per cent more containers this year amid rising trade, Transport Minister Chan Kong Choy said.
S Korean ports on top alert for terror threat Pirates attack Singapore boats in Malacca Strait, kidnap four
Port Shots
PORT SHOTS DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said August profit fell 65 per cent from a year earlier to 22.9 billion won.
Winter demand to raise tanker rates in Q4: analysts OIL tanker rates for shipping crude from the Middle East may extend their 60 per cent gain this year on record oil demand, led by the US and China, according to a survey of analysts.
MISC to raise US$750m from ship sales: report MALAYSIA International Shipping Corp , South-east Asia's biggest shipowner by market capitalisation, plans to raise as much as US$750 million from the sale of its fleet of 32 dry-bulk ships, Oslo-based broker P F Bassoe AS said in a market report.
Malaysian port volumes may jump 13% this year MALAYSIA's ports, which are competing with neighbouring Singapore for South-east Asia's sea freight, are expected to handle 13 per cent more containers this year amid rising trade, Transport Minister Chan Kong Choy said.
S Korean ports on top alert for terror threat Pirates attack Singapore boats in Malacca Strait, kidnap four
Port Shots
PORT SHOTS DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said August profit fell 65 per cent from a year earlier to 22.9 billion won.
Titan chief bullish on China and expansion policy Barry Cheung, chief executive of Titan Petrochemicals Group, reveals a bullish outlook on Chinese oil demand and continued expansion plans for the fast-growing company.
Cargo falls spur Gibraltar buyers into action
Fuel oil cargoes on horizon for squeezed Panama market News of several fuel oil cargoes booked to Panama could help alleviate tightness in market drained of spot supply.
Rotterdam barge market easing, distillates firm
Japan: August sales down, September demand healthier August bunker sales reported down, but market sources indicate better buying interest for September.
Canada: Marine emissions to overtake automobile pollutants Report claims that marine emissions in the Georgia Basin and Puget Sound air shed are likely to surpass pollutants from vehicles by 2010
Denmark: Grounded tanker poses no pollution threat Panamax tanker grounded off Denmark seems to pose no threat of spilling its 62,000 mt gas oil cargo.
California: Schwarzenegger vetoes emissions bill Governor of California, Arnold Schwarzenegger has vetoed Assembly Bill 2042 in a move applauded by shipping trade associations and slammed by environmental groups.
Greenpeace wait for arrival of plutonium in Cherbourg GREENPEACE and other environmental organisations were on stand-by yesterday for the expected arrival at the French port of Cherbourg today of a convoy of weapons-grade plutonium from the US.
Coalition to fight EU criminalisation Bill AN UNPRECECDENTED alliance of maritime industry associations is gathering to pressure the European parliament to amend or sink a proposed law on criminal sanctions for seafarers.
MISC takes advantage of secondhand prices with MALAYSIA International Shipping Corp has confirmed plans to sell almost its entire drybulk fleet enbloc to take advantage of high secondhand vessel prices.
Council rejects de Palacio swansong WITH just weeks to go before stepping down from her post as European transport commissioner, Loyola de Palacio has drawn fresh criticism over plans to revive the controversial port services directive.
Last fuel oil recovered from Prestige wreck THE last of the fuel oil trapped inside the wreck of the Prestige has now been recovered and transported to La Coru'a on board the tanker Odin, writes Brian Reyes in Gibraltar.
Danes seek to plant flag on North Pole DENMARK aims to show that the North Pole belongs to it and is sending an expedition to try to prove that the seabed there is a natural continuation of Danish territory, the Science Ministry said yesterday, Reuters reports.
Booze cruise talks in Brussels THE UK Customs authorities will hold discussions in Brussels on 7 October with the European Commission regarding penalties handed out to ferry passengers on 'booze cruises'
Saga under new management SAGA Group, the UK insurance, travel and cruising company for people over 50, is now under new management
Oil smuggling racket alleged AN industrialist in the Philippines has alleged that oil is being systematically smuggled under the noses of maritime authorities
Capsized bulker pollutes Nassau THE cement vessel Contrader remains capsized at the Clifton Pier in Nassau, Bahamas, spilling oil into surrounding waters
Royal Caribbean revises forecast HURRICANES will cost Royal Caribbean Cruises Ltd $20M in lost net income during its third quarter, plus $4M-6M in the fourth quarter
French company to pay for oil spill FRANCE Shipmanagement has agreed to pay $1.5M in fines to US and New Jersey agencies over a 136-tonne oil spill in Delaware Bay
Increased box scrutiny to follow Australian elections Both the incumbent Liberal/National Coalition and the opposition Labor Party have promised increased scrutiny of containers at Australian ports if they win the national election on October 9.
AP Moller truckers 'treated like slaves' say MP's Shocked Danish MP's are to make representations to government ministers following a meeting with US truckers, employed by AP Moller, who were 'treated like slaves'.
Fesco to launch Vladivostok/Magadan service
Gwangyang port hinterland attracts further logistics investment
New Caledonia substitute found but more grief for Reef
Bernhard Schulte takes delivery from China shipyard
Hamburg trade fair attracted many The Shipbuilding, Machinery and Marine Technology International Trade Fair SMM, held last week in Hamburg attracted 42,000 visitors, up by ...
EU support to Esbjerg ro-ro service, Kvarken ferry and Scandlines pilot project EU has approved EUR 2 million in support from the Marco Polo programme to Danfrance, a new ro-ro service ...
Minor oilspill in Aalbæk bay from Swedish tanker A few hundred litre of fuel oil was lost Saturday last week, when the Swedish-flagged bunker tanker "Västsjö" had ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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