Pirates in Malacca Strait kill 4 tanker crew members FOUR crew members of an oil product tanker were shot dead by pirates in the Malacca Strait off Indonesia's war-torn Aceh province last week after the vessel's owner failed to pay an earlier agreed upon ransom.
PSA terminals comply with new IMO security code PSA Corporation's container and conventional cargo terminals became the first facilities in Singapore to comply with the International Maritime Organisation's new security requirements, the Maritime and Port Authority of Singapore announced yesterday.
RCL orders 2 container vessels from China shipyard THAI-listed and Singapore headquartered feeder Regional Container Lines has ordered two container vessels from China's Jiangsu Yangzijiang Shipyard in anticipation of further intra-Asia trade growth.
Demolition rates hit record high in tight market THE cost of demolishing ships reached a record as steel prices surged and booming rates for shipping discouraged owners from scrapping their vessels, reducing supplies in the scrap market, brokers said.
Collision near Shanghai kills one ONE person was killed and nine are missing after a collision between a Dutch container ship and a small Chinese cargo vessel near Shanghai, Chinese state media reported yesterday.
Air and Land Transport
Thailand's Nok Air to start flights in Q2 THAILAND's third budget airline, partly owned by national carrier Thai Airways International, announced its launch plans on Tuesday including selling its tickets through local 7-Eleven stores.
UAE crash the 4th fatal incident involving Fokker 50
M'sian airports expect 5% passenger growth
Cathay, Aeroflot in talks to boost traffic
BA to add new Russian route
B7E7 likely to have first customer by mid-year
Features
'Mr Aviation Safety', 101, dies JEROME F Lederer, an aviation safety expert who introduced blinking anti-collision lights and flight data recorders to aircraft, helped create many of the regulations promoting safe air travel and was Nasa's first director of manned space flight safety, died last Friday, at a hospital in Laguna Hills, California.
Pirates in Malacca Strait kill 4 tanker crew members FOUR crew members of an oil product tanker were shot dead by pirates in the Malacca Strait off Indonesia's war-torn Aceh province last week after the vessel's owner failed to pay an earlier agreed upon ransom.
PSA terminals comply with new IMO security code PSA Corporation's container and conventional cargo terminals became the first facilities in Singapore to comply with the International Maritime Organisation's new security requirements, the Maritime and Port Authority of Singapore announced yesterday.
RCL orders 2 container vessels from China shipyard THAI-listed and Singapore headquartered feeder Regional Container Lines has ordered two container vessels from China's Jiangsu Yangzijiang Shipyard in anticipation of further intra-Asia trade growth.
Demolition rates hit record high in tight market THE cost of demolishing ships reached a record as steel prices surged and booming rates for shipping discouraged owners from scrapping their vessels, reducing supplies in the scrap market, brokers said.
Collision near Shanghai kills one ONE person was killed and nine are missing after a collision between a Dutch container ship and a small Chinese cargo vessel near Shanghai, Chinese state media reported yesterday.
Air and Land Transport
Thailand's Nok Air to start flights in Q2 THAILAND's third budget airline, partly owned by national carrier Thai Airways International, announced its launch plans on Tuesday including selling its tickets through local 7-Eleven stores.
UAE crash the 4th fatal incident involving Fokker 50
M'sian airports expect 5% passenger growth
Cathay, Aeroflot in talks to boost traffic
BA to add new Russian route
B7E7 likely to have first customer by mid-year
Features
'Mr Aviation Safety', 101, dies JEROME F Lederer, an aviation safety expert who introduced blinking anti-collision lights and flight data recorders to aircraft, helped create many of the regulations promoting safe air travel and was Nasa's first director of manned space flight safety, died last Friday, at a hospital in Laguna Hills, California.
Pirates in Malacca Strait kill 4 tanker crew members FOUR crew members of an oil product tanker were shot dead by pirates in the Malacca Strait off Indonesia's war-torn Aceh province last week after the vessel's owner failed to pay an earlier agreed upon ransom.
PSA terminals comply with new IMO security code PSA Corporation's container and conventional cargo terminals became the first facilities in Singapore to comply with the International Maritime Organisation's new security requirements, the Maritime and Port Authority of Singapore announced yesterday.
RCL orders 2 container vessels from China shipyard THAI-listed and Singapore headquartered feeder Regional Container Lines has ordered two container vessels from China's Jiangsu Yangzijiang Shipyard in anticipation of further intra-Asia trade growth.
Demolition rates hit record high in tight market THE cost of demolishing ships reached a record as steel prices surged and booming rates for shipping discouraged owners from scrapping their vessels, reducing supplies in the scrap market, brokers said.
Collision near Shanghai kills one ONE person was killed and nine are missing after a collision between a Dutch container ship and a small Chinese cargo vessel near Shanghai, Chinese state media reported yesterday.
Air and Land Transport
Thailand's Nok Air to start flights in Q2 THAILAND's third budget airline, partly owned by national carrier Thai Airways International, announced its launch plans on Tuesday including selling its tickets through local 7-Eleven stores.
UAE crash the 4th fatal incident involving Fokker 50
M'sian airports expect 5% passenger growth
Cathay, Aeroflot in talks to boost traffic
BA to add new Russian route
B7E7 likely to have first customer by mid-year
Features
'Mr Aviation Safety', 101, dies JEROME F Lederer, an aviation safety expert who introduced blinking anti-collision lights and flight data recorders to aircraft, helped create many of the regulations promoting safe air travel and was Nasa's first director of manned space flight safety, died last Friday, at a hospital in Laguna Hills, California.
West Coast demand improves with supply & more uniform pricing
East Coast markets quiet, ice surcharges lifted in Philly
South Africa: Barge operator to raise fees "The continued strength of the rand coupled with legislative requirements have placed us in such a position that, in order to continue to supply the port of Richards Bay with a world class 24-hour bunkering service, we have no alternative but to apply this increase," Smit Dudula Marine (Pty.) Ltd. said.
Aggressive selling sees 1% barge prices dip below 3.5% According to reports late Wednesday, European 1% sulphur fuel oil barge prices closed below the 3.5% sulphur product after aggressive selling from BP. | In Full |
US oil inventories plummet amid sharp drop in imports Oil prices fell today after OPEC officials hinted that the cartel would reconsider deep production cuts announced yesterday if oil prices stay high on strong demand, but the market rebounded following the release of bullish US oil inventory data.
Durban: Pipeline closure planned for next week
Eco-friendly shipowner agrees unprecedented bunker deal The Scandinavian Ro-Ro operator Wallenius Wilhelmsen has taken the unprecedented step of signing a contract to purchase 200,000 tonnes of heavy fuel oil (HFO) bunker fuel with a sulphur content of just 1.0%. Wallenius Wilhelmsen, which yesterday agreed the groundbreaking contract with Shell Marine Products, told Bunkerworld today that the company's 'internal goal' was to surpass global standards for sulphur content in bunker fuel - which currently average around 4%.
Saudi Arabian market report
Refinery shutdown limits Piraeus prompt
Korean demand still languishing at low levels Demand for bunkers has been subdued in Korea for a couple of weeks, partly because of falling numbers on the back of softening crude, but also due to more competitive prices elsewhere in the region.
Doubts set in about OPEC cut Some OPEC ministers already hinted yesterday that the announced cuts would be conditional on prices softening. Analysts also cast doubts over exactly how credible yesterday's announced cuts would be in light of recent OPEC behaviour.
Record spread reduced as cargoes flood Rotterdam The bunker price spread between Rotterdam and Singapore dropped further from a nine-month high of $42 per metric tonne (mt) last week to around $36 per mt today, according to Bunkerworld figures and reports today.
Lund to head DnB Nor Shanghai office Norwegian financial services giant DnB Nor yesterday opened a representative office in Shanghai, a move partly driven by China's booming shipping and shipbuilding sectors.
Box routes face chop as charter rates go sky-high CONTAINER lines are expected to take the axe to non-core services after a massive jump in ship charter rates that will drive marginal routes into the red.
Hyundai order swells CMA CGM list CMA CGM is adding to its already huge containership orderbook. The French line has signed a contract for four 5,100 teu ships with two Hyundai yards, scheduled for 2007 delivery.
Fredriksen increases stake in debt collector Aktiv Kapital DON'T even think about falling into arrears on your council tax or skipping an instalment on your car loan. Otherwise John Fredriksen might be on your tail.
Brussels to target offshore sites in financial regulation squeeze Brussels will target offshore centres in a tightening of corporate governance after the E 4bn ($5.2bn) Parmalat accounting scandal in Italy.
Prestige inspector suspended THE chief inspector at La Coruña has been suspended for alleged misconduct and abuse of authority just days after he was called to give evidence at the Prestige court case
Engineering decline 'worrying' BMT chief executive Roger Swann has warned that the maritime sector will suffer from the continuing decline in the number of UK undergraduates reading engineering
Trust me, I'm a journalist WHEN Fairplay reported allegations of deep corruption within port state control last year, the news sent the authorities into something of a panic
Bird flu hits US poultry exports A BAN on US poultry has been declared by a number of Asian countries following the infection of two flocks in Delaware with bird flu
Swedes embark on paper venture TWO Swedish companies have set up a new venture to carry paper across the North Atlantic with an aim to carry about 1M tonnes per year
Star Reefers raises $9.1M STAR Reefers, the Anglo-Norwegian reefer shipping group, has raised NK63.4M ($9.1M) through a private placement of shares
Congestion and lack of space drive Nhava Sheva towards possible shut-down Nhava Sheva International Container Terminal (NSICT) is headed for shut-down within the next two months, with terminal gates already closed to everything but perishable and reefer exports until further notice.
Rotterdam to radiation-screen boxes From mid-March, half of all containers entering or leaving Rotterdam's ECT Delta terminal by truck will be screened for nuclear radiation, a move aimed at intercepting material for dirty bombs.
Braemar sound note of caution as charter index reaches new highs
HK terminals covet southeast Asian transhipment market
Chennai port truckers' strike ends with resolution of 'irritants'
CP Ships brands stamp the transPac trade
CN rail service re-opens after derailment
Hapag-Lloyd Group appoints investor relations head, in preparation for listing
Kaohsiung pilots Safe and Secure Trade-Lanes with US furniture shipper
B&N and Gorthon Lines establish new company for Atlantic services The Swedish ship owners Gorthon Lines and B&N Nordsjöfrakt will transfer their Atlantic services to a new 50/50 ...
Weak dollar hits Gorthon result Gorthon Lines reports a SEK 28 million (EUR 3.1 million) result after taxes for 2003, down by SEK 10.5 million ...
Swedish government considers tonnage tax SSG-G'TEBORG: The Swedish government considers a tonnage based tax system for Swedish shipowners. According to Bosse Ringholm, minister of finance, 12 ...
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