Royal P&O not in talks with NOL, others A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.
Admiralty Casebook
Insurance pay-out allowed to satisfy debts despite Mareva injunction A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.
Port Shots
PORT SHOTS A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.
Royal P&O not in talks with NOL, others A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.
Admiralty Casebook
Insurance pay-out allowed to satisfy debts despite Mareva injunction A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.
Port Shots
PORT SHOTS A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.
Royal P&O not in talks with NOL, others A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.
Admiralty Casebook
Insurance pay-out allowed to satisfy debts despite Mareva injunction A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.
Port Shots
PORT SHOTS A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.
Total expands Suez supply capacity Total's new Suez operation boosted by use of bigger barge within days of launch.
Japan's bunker market still in stormy waters The third typhoon in as many weeks has ripped through Japan, forcing buyers to take on extra bunkers for insurance purposes.
Italy's availability improves as demand falls Good supply now seen in Italian ports with few exceptions.
Bunker spill threatens Russian Far East coastline Around 100 tonnes of fuel have been spilled on the Kholmsk coastline on Sakhalin island as typhoon Songda leaves destruction in its wake.
Bulgaria: New supplier pleased with start
Singapore: Fuel oil inventories largely unchanged Fuel oil inventories have risen marginally, while distillate stocks see more significant gains.
Mexico: Entrapment of foreign flagged vessels continues Mexican supplier reports another case of customs authorities endangering safe navigation by delaying and preventing the necessary supply of fuel.
HSH Nordbank in €1bn securitisation ONLY the second securitisation of shipping loans is poised to be completed within a month. HSH Nordbank of Germany, the world's largest shipping bank, has entered the bookbuilding stage for a planned €1bn ($1,2bn) securitisation of the loans.
Felixstowe company fined for death of trainee FELIXSTOWE Dock and Railway Company - which operates Britain's biggest container terminal - has been fined '250,000 ($450,000) for breaches of safety rules that led to the death of a trainee docker, writes David Osler.
Owners may sue over Irish lights subsidy SHIPOWNERS campaigning for an end to UK light dues are considering legal action to stop Britain funding Ireland's lighthouses and other navigational aids.
Ashes to splashes for toxic ship Ulla A SHIP loaded with toxic ash sank this week after four years at anchor off the Turkish port of Iskenderun, in a case fraught with bureaucratic and legal complexities.
Reshuffle sees new energy and transport ministers TONY Blair's cabinet reshuffle has resulted in new ministers taking control of the energy and transport portfolios.
Ivan kills 20, then strengthens HURRICANE Ivan strengthened to Category 5 today as it swept towards Jamaica with winds in excess of 139kt
ABP in talks over strike threat TALKS between the management of Associated British Ports and the Transport & General Workers Union are to be held on 13 September
Eco-scrapping gets underway THE first environmentally-friendly scrapping operation in the Netherlands will get underway when Ecodock starts demolishing the Sandrine in Amsterdam
AIS bands still disputed RIGHTS to several VHF maritime radio frequencies associated with AIS remain disputed between the US Coast Guard and MariTEL
Freeport survived Frances CONCERNS over Freeport Container Port following dire reports of Frances-related destruction on Grand Bahama Island are unfounded
Sovcomflot CEO outlines plans SOVCOMFLOT is aiming to fill a niche in its bulker fleet by seeking newbuilding offers from two Russian shipyards and at least one Asian yard
Fla. transport begins Ivan Watch South Florida activated its emergency airport and seaport operations ahead of the Category 5 hurricane, which is packing 150 mph winds.
Slump for transportation index After year of gains, Transportation Services Index falls for second consecutive month.
Secure Port of NY/NJ, report urges
Savannah boosts gate capacity
House bill would counter China textile threat
U.S. shareholder ups NOL stake
Pusan grapples with declining trade
"K" Line gets 10-year Chinese bulk contract
Trans-Pacific lines hike China rates for plastic scrap
A.P. Moller-Maersk invests in southern China port APM Terminals and the Xiamen Port Group reached an agreement yesterday to form a joint venture for the development of the Xiamen Songyu Container Terminal in southern China.
Handling charges to rise sharply at Chittagong
Seawheel fears growing truck shortage
FMT wins marketing and operating deal at Richmond
Gamma ray system spots plants in containers
Westport's CT4 being expanded to nine berths by next fall
Russia's Progetra signs long-time charter with Concordia We have chosen Stena as a strategic partner and we expect to order tankers together with Stena in the future ...
Further Barents Sea LNG cooperation Statoil and Russian companies Gazprom and Rosneft have signed a Memorandum of Understanding (MoU) to conduct joint studies on how ...
Final negotiation broke down ' strike warning A notice of warning of strike for 2,000 member of the Dana (Navigat'rforeningen) will be send out shortly after the ...
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