KL tells foreign powers to keep off Malacca Strait FOREIGN powers must not dictate how Malaysia, Singapore and Indonesia protect the adjoining Malacca Strait shipping lanes from threats such as piracy and terrorism, Malaysia's deputy prime minister said yesterday.
PTP volumes in 9 months set record MALAYSIA's Port of Tanjung Pelepas said yesterday it handled a record number of containers in the first nine months this year, up 20 per cent on the same period in 2003 as surging global trade continues to push record volumes through the region's container terminals.
APL freight rates, cargo volumes still on the rise NEPTUNE Orient Lines said average freight rates and cargo volumes carried by its liner division APL continued to rise on the back of healthy global trade.
Rotterdam MGO near $500 pmt as IPE crude breaches $50 mark Bunker prices in Rotterdam reach six-month high and distillate prices soar as European crude levels breach $50 a barrel mark.
PDVSA Deltaven to close for Columbus Day
Singapore sales for August second highest on record Port on target to exceed 23m metric tonnes in sales for year, almost doubling nearest rival's throughput.
New crude record drives up USEC cargo market NYMEX November crude exceeds $53 a barrel driving low sulphur fuel oil to near $33 a barrel.
Ex-FAMM trader joins London broker
NSI expands team
Rotterdam stable late morning
Novorossiysk: Bunkers found off-spec for flash point Market sources confirm off-spec bunkers in the port of Novorossiysk, but not all suppliers are affected.
Muted demand and better avails see Singapore bunker premium fall The Singapore bunker premium has dropped significantly over the past week, and could drop further, say traders.
Florida: Bunkers pumped from grounded vessel
MPA: No pollution reported after flaming vessel sinks A vessel which caught fire in Singapore's waters yesterday has sunk, but no pollution reported.
British port congestion dire says freight haulage group CONGESTION in ports worldwide has brought many supply chains to breaking point, with the situation in Britain 'particularly dire', the Freight Transport Association argued yesterday.
Rasmussen buys key 20% stake in Norden Norway's Rasmussengruppen has acquired a key 20% stake in Norden, the Danish bulk shipping group which has been surrounded by takeover speculation, writes Tony Gray.
Nigeria threats push Brent past $50 mark BRENT oil prices cruised over $50 a barrel for the first time in the International Petroleum Exchange's history on the back of strong crude demand and threats to supply in Nigeria, writes Martyn Wingrove.
Kuehne+Nagel and Sembcorp union dissolves despite China trade boom KUEHNE+NAGEL has agreed on the dissolution of its co-operation with Singapore's SembCorp Logistics.
Boxship rates in stratosphere BOXSHIP fixtures have been thin on the ground recently because of holidays in China, although reports continue to abound of record charter periods and astounding rates
Chile protests focus on Iquique PORT traffic in Iquique, Chile remained at a standstill yesterday following a violent confrontation between the union and Navy troops on 5 October.... Full story
Most northerly port up for sale THE Russian State Property Fund is putting up for sale 100% of the shares in Egvekinot, the port closest to the North Pole.... Full story
Spanish ferry grounding THE Spanish ferry Bahia de Malaga ran into concrete cubes at the entrance to the Mediterranean port of Denia last night.... Full story
Rasmussen buys into Norden THE Rasmussen group, based in Kristiansand, Norway, has acquired a 20% holding in DS Norden, the Copenhagen-based bulk shipping company.... Full story
Chavez abruptly raises oil taxes VENEZUELAN president Hugo Chavez announced yesterday that he will raise oil royalties on foreign joint ventures from 1% to 16%.... Full story
February launch for Gold Star's Australia service A source close to Gold Star Line (GSL) has confirmed that a service operating between SE Asia and Australia will be launched in February following Chinese New Year.
NZ ports await Fonterra direction A new logistics strategy under development by New Zealand dairy giant Fonterra could see one or the other of the North Island's most competitive ports secure a massive volume growth.
US Customs enters container security election debate
UK port congestion the driver for shortsea forum
Rising labour costs sees Virginia raise its terminal rates
California congestion sees HMM change PSW and PCX calls
Rickmers orders four more ships from Dalian
Korean shipowners urge increase in Busan's draught
HK and the US unite to combat illegal textile shipments
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