Shanghai set to beat Rotterdam as top port SHANGHAI will overtake Rotterdam as the world's largest port this year, as China's economic expansion boosts demand for shipping services, Shanghai Port president Lu Haihu said in Rotterdam.
Ship grounded near Raffles Lighthouse A container ship en route from Singapore to India ran aground Saturday night near Raffles Lighthouse and within port limits, the Maritime & Port Authority of Singapore said yesterday.
MPA, NUS in research effort EYEING a global market for maritime technology worth nearly $1.8 billion annually, Singapore established a new framework for joint maritime research aimed at bringing about closer collaboration between government, academia and industry.
Bunker surcharges see container line profits soar Higher container volumes and increases in bunker fuel surcharges push-up profits.
Halt in exports cause surge in ARA fuel oil stocks Lack of arbitrage opportunities leads to jump in fuel oil stocks, while fears of a distillate shortage ease.
Baltic demand picks up after week of falling prices Prices continued a week-long fall in most Baltic ports today, and buying activity picked up.
December West to East HSFO arbitrage volumes plummet December arrivals of HSFO seen at only one-third of Singapore's recent monthly sales of 380 cst bunker fuels.
Crude oil falls as supply concerns begin to subside Crude oil traded on the Nyemx fell over $2 in yesterday's trading as the industry becomes more confident of supply.
Singapore: Arbitration service to be launched next week November 8 will see the launch of the Singapore Chamber of Maritime Arbitration (SCMA), aimed at speedy and reliable resolution of disputes for all maritime interests.
Law lords to rule on CMA CGM damage liability limitation case THE House of Lords is to be asked to rule on a test case centring on the rights of charterers to limit their damage liability to shipowners under the provisions of the Convention on Limitation of Liability for Maritime Claims 1976.
Airmic seeks brake on contingent payouts BRITAIN'S leading corporate buyers of insurance have called for a radical overhaul of the insurance-buying process in the wake of the legal controversy surrounding the world's largest insurance broker Marsh & McLennan.
Sarkozy backs the energY of French shipyards FRENCH Finance Minister Nicolas Sarkozy delivered a vibrant defence of French shipbuilding at the naming of the Gaz de France energY (above) at the Chantiers de l'Atlantique yard at the weekend, writes Andrew Spurrier in Saint Nazaire.
Klesch in $1.2bn deal BRITAIN'S Klesch & Co and New York-based The Jordan Company on Friday confirmed the acquisition of Transamerica Maritime Containers for a consideration of $1.2bn, writes David Osler.
Arlington in IPO success Arlington Tankers, the industry's latest New York initial public offering, went to an immediate premium above its offer price on the shares' trading debut, writes Tony Gray.
China stays on top of iron, steel CHINA will continue to dominate the global iron and steel market until 2010 and will account for 70% of market growth during that period, shipping agents heard yesterday
Arlington launched on NYSE ARLINGTON Tankers begins trading on the New York Stock Exchange today, with 11.45M common shares priced at $20.00 following higher than expected demand
Union Pacific denies responsibility UNION Pacific Railroad has rebutted persistent criticism by sternly denying it is to blame for US West Coast congestion this year
TEN overpowers rising costs TSAKOS Energy Navigation has tripled third-quarter profits on higher time charter equivalent rates despite growing ship expenses
Beijing sets timetable logistics liberalisation The logistics industry will be fully open to foreign investment by the end of the year, said Zhang Zhigang, vice minister of the Ministry of Commerce in China.
Barroso under fire from Greens as Kroes keeps competition portfolio Green MEP's have berated new EC president Jos' Manuel Barroso for 'folding under pressure' from EU member states in re-submitting names for the new commission.
Surcharges flood Australian trades
Checks and balances: US Coast Guard evaluates trading partners' port security
Woodpecker rail service chips away at roads' dominance
Arlington pricing above target Arlington Tankers' issue in the US market is likely to be oversubscribed and shares are now offered at close to ...
Port unions reject new port directive "The only objective for the directive is to wipe out the large dockworker unions", says the International Dockworkers Council (IDC ...
The Swedish Club opt for 10 per cent premium increase The Swedish Club has decided on a 10 per cent general increase for the P&I policy year 2005/2006 ...
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