Surge in demand, oil costs may push up freight rates RISING US and European imports are enabling container lines to charge more for cargo space and this, coupled with high oil prices, could push freight rates to new records, according to shipping analysts.
UK detained 11 ships in Aug for deficiencies THE Maritime and Coastguard Agency of Britain detained 11 foreign-flagged ships in UK ports in August, along with four other ships still under detention from previous months.
China's Huaneng Power buys 16 ships for US$395m: report CHINA's Huaneng Power International Inc has bought the entire 16-strong fleet of dry-bulk carriers owned by China's Cofco for US$395 million, online shipping publication Tradewinds and specialist brokers reported.
Hurricanes will reduce earnings in H2, says Royal Caribbean
Strait Talk
Tighten security but respect seafarers LAST Thursday, ships in ports around the globe sounded their whistles at noon local time in support of the joint industry and union campaign to draw attention to the plight of seafarers denied shore leave, most notably in the US.
Surge in demand, oil costs may push up freight rates RISING US and European imports are enabling container lines to charge more for cargo space and this, coupled with high oil prices, could push freight rates to new records, according to shipping analysts.
UK detained 11 ships in Aug for deficiencies THE Maritime and Coastguard Agency of Britain detained 11 foreign-flagged ships in UK ports in August, along with four other ships still under detention from previous months.
China's Huaneng Power buys 16 ships for US$395m: report CHINA's Huaneng Power International Inc has bought the entire 16-strong fleet of dry-bulk carriers owned by China's Cofco for US$395 million, online shipping publication Tradewinds and specialist brokers reported.
Hurricanes will reduce earnings in H2, says Royal Caribbean
Strait Talk
Tighten security but respect seafarers LAST Thursday, ships in ports around the globe sounded their whistles at noon local time in support of the joint industry and union campaign to draw attention to the plight of seafarers denied shore leave, most notably in the US.
WFS expands credit facility to fund 'potential expansion' World Fuel Services Corporation achieves 50% more credit in what it calls 'a timely addition to our capital base'.
Estimar's barge back in business Barge resumes deliveries in adequately supplied market.
Shell South Africa to sell Sapref share Shell in advanced talks to sell 25% share of Sapref joint venture, Durban's biggest source of bunker fuels, in a move that could potentially break oil majors' grip on the country's market.
Fujairah supply dates stretched out on buoyant demand Full commitment until after the weekend marks good demand in the bunkering hub.
Hong Kong IFO shortages continue Delayed resupply may not be sufficient to put spot market back on track.
Rotterdam market moves up with crude
France: Fishermen block oil terminals in price protest Protesting French fishermen have blockaded ports and oil terminals in the south of France demanding compensation for surging fuel costs.
Brussels rejects criticism of criminalisation BRUSSELS has signalled its determination to press on with the introduction of criminal sanctions for seafarers in the face of opposition from maritime industries.
Panama Canal faces box lines backlash CONTAINER lines are pressing hard for the Panama Canal Authority (ACP) to withdraw proposals to charge for containers carried on deck which, carriers estimate, could see their transit costs soar by 60% or more.
CMA CGM has Malta at last CMA CGM finally gained control of Malta Freeport terminals late yesterday after nearly four years of negotiations, writes Janet Porter in Valletta.
Fredriksen buys stake in NOL after selling shares A FRONTLINE official confirmed that John Fredriksen has bought into Neptune Orient Line again after selling his previous stake, write Marcus Hand and Janet Porter.
GlobalSantaFe in $157m deal US DRILLING firm GlobalSantaFe has scooped a $157m contract from BHP Billiton to provide its latest newbuild semi-submersible Development Driller I for a two-year drilling programme in the Gulf of Mexico, writes Martyn Wingrove.
Pacific Basin to buy newbuild PACIFIC Basin, the recently listed handysize bulker operator, has confirmed it plans to acquire a 28,000 dwt newbuilding from Giant Line at a cost of $21.5m, writes Keith Wallis in Hong Kong.
Cherbourg prepares for nuclear reaction THE French port of Cherbourg is preparing for possible renewed demonstrations by environmental activist group Greenpeace, with the imminent arrival of 140kg of military plutonium from the US
St Petersburg box trade boom CONTAINER throughput at St Petersburg, Russia's leading box port, grew more than three-fold to 246,000 tonnes in the year to 31 August, compared to 2003
Malaysia plans on transhipment EXPANSION of the Malaysian ports of Tanjung Pelepas and Westport in Port Klang has been included in the Ninth Malaysia Plan ' a development blueprint for 2006-2010
Greek PM considers crewing GREEK prime minister Costas Karamanlis has taken a personal interest in improving the competitiveness of the country's shipowners
Final act of Stelmar drama set STELMAR Shipping has announced that it will hold a special meeting on 16 November to approve its sale to Fortress Investment Group
APM increases Indian ops APM Terminals, which is developing the third container terminal at Jawaharlal Nehru, is interested in the fourth container terminal to be built at the port
AP Moller and US hauliers make progress in tete-a-tete over union recognition Drivers, unions and AP Moller have declared their meeting in Copenhagen today a partial success, having made progress on the issues of harassment, unsafe equipment and overweight boxes.
CMA CGM clinch Malta Freeport deal French operator CMA CGM Group announced today that it has won a 30-year concession to operate Malta Freeport Terminals Ltd (MFTL) with its P&O Ports joint venture Portsynergy.
Lines to levy NSICT congestion charge
FESCO extends financial co-operation with VneshTorgBank
Gorthon Lines acquires vessel Gorthon Lines in Helsingborg, Sweden has bought the 9,640-DWT forest product carrier 'Assi Scan Link' from Oostereems B.V. in ...
Large ro-pax order to new SSW SSW Schichau-Seebeck-Shipyard i Bremerhaven, re-constructed after a bankrupcy, has signed an order for two very large and ...
New accommodation module order to Emtunga The Swedish module builder Pharmadule Emtunga has secured another order for an accommodation module from AIOC in Azerbaijan, in which ...
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