Shipping, marine stocks rise sharply A combination of buoyant freight and cargo rates, high oil prices and robust Asian export growth has sent shares of shipping and offshore and marine stocks surging by between 30 and 50 per cent this year.
Persian Gulf oil tanker rates hit record PERSIAN Gulf oil tanker rates to Europe rose to the highest in more than three decades as oil producers pumped faster, prompting companies to scour the market for ships to take on November cargoes.
S'pore offers annual maritime fellowships to Chile SINGAPORE is offering an annual fellowship for a graduate diploma course in maritime and port management to a Chilean student under a new maritime co-operation pact signed with the Latin American state.
Huge utility demand sees Europe-US arb exploited 500,000 mt of arbitrage headed to US from Europe as record high natural gas prices on both sides of the Atlantic forces bunker suppliers to compete for fuel oil product.
Launch of Portland bunker facility 'imminent' Construction of a new bunkering facility in Portland, on the south coast of England, is very near completion.
Baltic players ponder week-long lull in enquires Strong price gains seem to have put buyers off all week.
Rotterdam continues bullish tack
Indonesian fuel oil smuggled into Singapore market Sources in Indonesia told Bunkerworld today that reports in the Indonesian press last month revealing that an estimated 20% of Indonesian state oil company Pertamina's fuel oil is smuggled illegally into Singapore were probably an under-estimatation.
Tanker-owner share prices boom on surging oil demand Tanker-owner share prices boom amid surging demand for oil and a shortage of available vessels.
'No sign' of abatement as $60 barrel looms Crude oil for November delivery up 1.3%, to close at $52.67 a barrel on NYMEX.
ThyssenKrupp and HDW create one of Europe's largest shipyards EUROPE'S largest steelmaker, ThyssenKrupp, and One Equity Partners, the owner of Howaldtswerke Deutsche Werft, have agreed to combine their north German shipbuilding activities.
Giant visitor rounds off Malta Freeport's big week MALTA Freeport ended a landmark week with a second celebration when the CSCL Asia (above) arrived on Friday, writes Janet Porter.
Ceres Paragon terminal hosts first caller AMSTERDAM'S Ceres Paragon terminal welcomed its first mainline ship at the weekend when the APL Iolite berthed on Friday night.
VLCC resale 'shatters record in $125m deal' A VERY large crude carrier resale is reported to have smashed all previous price records, with Greek interests seemingly ready to pay $125m basis delivery 2005.
Move to cut west coast congestion As SEVERE congestion continues at the ports of Los Angeles and Long Beach, the stevedores handling Australia-US liner services are making new moves to keep down the number of boxes filling their facilities, writes Lloyd's List DCN in Australia.
Bush under fire on port security MARITIME industries took to the US presidential campaign stage last week as Democratic senator and vice-presidential hopeful John Edwards put the spotlight on container security in an attack on President George W. Bush, writes Rob McKay.
Hoverspeed sues customs for £50m HOVERSPEED, the cross-channel fast ferry company, has launched a '50m damages claim against Britain's Customs & Excise, arguing that its business has been hit by heavy handed searches of its passengers, writes David Osler.
Chile ports shut after violence NINE Chilean ports have been shut by protests following a violent government crackdown on dock workers, according to the International Transport Workers' Federation (ITF)
Copper hit by Chile mine strike COPPER prices hit a 15-year high after a union official at the Codelco Norte mine said the supervisors union would definitely go on strike today
Congested Rotterdam loses ship CHRONIC congestion at Rotterdam's ECT terminal has prompted the New World Alliance consortium to schedule one its ships into the Ceres Terminal at Amsterdam
HDW merges with ThyssenKrupp GERMAN shipbuilders HDW and ThyssenKrupp yesterday finally signed an agreement to merge, and will form a new group controlled by ThyssenKrupp Marine Systems
Nenaco ordered to replace CEO THE Manila regional trial court has ordered Philippine operator Negros Navigation to replace its current president and CEO if it wants to continue its corporate rehabilitation
New strike threat in Martinique A STRIKE threat by CMA CGM foremen at Fort de France, Martinique, could lead to further unrest disrupting port operations
Amsterdam's white elephant woos SCX partners This weekend APL's 5,016TEU APL Iolite, operating in the South China Express (SCX) service, will tranship about 2,000 containers at Amsterdam's white elephant, the Ceres Paragon Terminal (CPT).
Opposing market forces may cause freight rate uncertainty The Korean Maritime Institute (KMI) forecast that Asia/Europe freight rates will remain strong in Q4, but overall rates will start to fall in Q1 due to vessel capacity expansion.
GSL, Hamburg Sud and partners touted as latest SE Asia/Australia entrants
Dubai Ports forms Cochin development vehicle
Senator Edwards slams Bush on port security
Riga and Le Havre open discussions over co-operation
Gwangyang Port to hold port sales activities in China
Sovcomflot stays silent Deposed chief Dmitry Skarga still offers a warm welcome and promises top Russian shipowner will be transparent and trustworthy.
VLCC sold for $125m Embiricos books massive profit on re-sale to Gulf Marine Management.
US Shipping rated BB- Standard & Poor's declares its view on Jones Act tanker company's public offering.
Brit appoints Mander Lloyd's syndicate appoints former Navigators underwriter to reorganised marine team.
Dickinson sells Carnival stock Brand chief decides now is the time to offload 15,000 shares.
Token fine for Ukrrichflot Ukrainian owner pays small penalty for competition violations in river trade.
Skaugen expands from Yangtze IM Skaugen is entering a new Chinese trade while it loses US market share in crude lightering.
Gotland admits problems Grey eminence Eric D Nilsson's ties to Rederi AB Gotland are set to be cleared up.
Russia eyes Burgas business Government wants to cut cost of freight transport in Black Sea with another Bulgarian link.
SSY gets into spread swaps Broker bids to transfer panamax market liquidity into other areas of freight futures.
Hyundai claims land record Korean shipbuilder says new Novoship tanker is first ever built without a drydock.
Genmar hints of dividend Will last remaining US tanker owner finally share some of its spoils?
September shines Singapore clocks 20% increase in traffic over course of month.
Concor fancies boxships Indian container terminal operator mulls move into coastal shipping.
Five-year high for HMM Foreign merger rumours push up share price of South Korean owner.
German yard merger sealed ThyssenKrupp and One Equity Partners put pen to paper on HDW deal.
HIT hits capital markets Indonesia's Humpuss Intermoda lines up bond issue to fund break into boxships and bulkers.
Pac Basin seals bulker pair Hong Kong handysize player snaps up two more modern units from the secondhand market.
B+H inches into profit Reduced losses and expenses help US-based product tanker and OBO owner return to the black.
Fatalities on TCC cape Lifeboat drill gone awry leaves two dead and two seriously injured on Lowlands Grace off Australia.
CSG sends tanker for scrap China Shipping Group is using its own subsidiaries to send an older vessel for demolition.
Marinvest sells product carrier to Blystad Göteborg based Marinvest has sold the 40,158 DWT product tanker "Maribel", built 1986 in Croatia, to Arne Blystad who runs ...
ESPO tries to block port directive The European Sea Ports Organisation (ESPO), which represents 800 seaports in the EU, Norway, Iceland and Bulgaria, tries to block ...
Hire an apartment onboard "The World" You can hire an apartment onboard the luxury vessel "The World" at NOK 15,500 (EUR 1,871) per day from Knut ...
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