Arctic thaw may open shipping lanes, but risks are high A faster-than-expected thaw of the Arctic is likely to open legendary short-cut routes between the Pacific and the Atlantic but experts say icebergs and high costs will prevent any trans-polar shipping boom.
Hutchison keen on bidding for 2 Israeli ports EXPRESSING interest in bidding for two Israeli ports, the world's biggest container terminal operator, Hutchison Port Holdings , has signalled its intent to continue its aggressive global expansion strategy.
Mitsui leads Japanese lines' profit gains MITSUI OSK Lines' second-quarter net income more than doubled, leading profit gains by Japan's three biggest shipping lines, as rising freight rates and expanding trade bolstered cargo shipments.
Admiralty Casebook
Tanker owner negligent: S'pore appeal court THE Singapore Court of Appeal has upheld the High Court's decision last year that the owners of a chemical tanker were liable for negligently failing to disclose the dangerous nature of the cargo that was transferred to another ship.
Arctic thaw may open shipping lanes, but risks are high A faster-than-expected thaw of the Arctic is likely to open legendary short-cut routes between the Pacific and the Atlantic but experts say icebergs and high costs will prevent any trans-polar shipping boom.
Hutchison keen on bidding for 2 Israeli ports EXPRESSING interest in bidding for two Israeli ports, the world's biggest container terminal operator, Hutchison Port Holdings , has signalled its intent to continue its aggressive global expansion strategy.
Mitsui leads Japanese lines' profit gains MITSUI OSK Lines' second-quarter net income more than doubled, leading profit gains by Japan's three biggest shipping lines, as rising freight rates and expanding trade bolstered cargo shipments.
Admiralty Casebook
Tanker owner negligent: S'pore appeal court THE Singapore Court of Appeal has upheld the High Court's decision last year that the owners of a chemical tanker were liable for negligently failing to disclose the dangerous nature of the cargo that was transferred to another ship.
Greek bulker leaking fuel offshore Vancouver Fuel leak likely to be distillates and not heavy bunker fuel, say Canadian Coast Guard.
Pacific Islands target bunker fuel emissions Kyoto protocol prompts 16-member state body to seek answers to issue of shipping and aviation emissions.
Growth outstripping bunker costs for Japan's top three Greater vessel efficiency on back of increased shipping activity partly explains improved profit predictions for Japan's largest shipping lines.
Rotterdam midday market report
New bunker company begins operations in South Korea Experienced partners establish bunker trading company to cover Korean, Chinese and Russian Far East markets.
Total chief predicts $30 barrel next year Top Total executive Thierry Desmarest predicts a decline in oil prices next year.
Top container lines demand action to relieve port congestion TWO of the world's biggest container lines have told ports to hire more dock workers and invest in new equipment in order to help relieve berth congestion.
Izar 'illegal aid' prompts EU talks THE future of debt-laden Spanish shipbuilder Izar was thrown into doubt again yesterday following reports that Brussels is unhappy with rescue plans put forward by the Spanish state.
Chantiers de l'Atlantique wins LNG deal from Chinese yard THE Alstom group's Chantiers de l'Atlantique shipyard has won its first contract from a Chinese shipbuilder for the construction of two liquefied natural gas carriers.
Strong euro may force cruiseship builders to share skills with Asia THE strong euro may have brought European cruiseship builders to a crossroads, after a leading dollar-exposed customer urged them to transfer technology to lower cost Asia, writes Hugh O'Mahony.
FMG inks Pilbara port and rail deal THE Fortescue Metals Group has signed an agreement with the Western Australian government to develop multi-user railway and port facilities in the Pilbara
Teamsters union organiser murdered ANGRY members of the American Teamsters union are demanding that Salvadoran officials step up the search for the men who killed a union representative
Hoverspeed to cut back on short-sea HOVERSPEED, the fast ferry operator owned by Sea Containers, is following P&O Ferries in cutting back its short-sea services
Soybean rust found in US crop AGRICULTURE officials in the US confirmed yesterday that Asian Soybean Rust has been found for the first time in soybean crops in the US
Rally continues for ocean carriers MOL, "K" Line earnings soar Traffic, rates spur P&O Nedlloyd surge Hapag-Lloyd's operating profit climbs
USSM gets temporary reprieve U.S. Ship Management has won a preliminary injunction that temporarily blocks Marad's transfer of six MSP ships to Maersk Lines.
Ex-Im Bank offers loan packages for noncompliant ports
Increased costs are no barrier to PONL profits A 5.5% year-on-year increase in average costs could not prevent P&O Nedlloyd (PONL) from recording a 160% increase in operating profits, the company announced today.
Unimpressed shippers wait for TACA lines to negotiate Shippers on the transatlantic trade are unconvinced by the ambitious rate increases announced late last month by conferences in the trades and due to be implemented throughout next year.
Gold Star Line enters lucrative Japan trades
Teamsters vow to honour the name of murdered trade unionist
Aboriginal rights preserved as Vancouver agrees expansion deal
Tianjin targets efficiency in transport network upgrade
Torm upgrades and buy more ships Dampskibsselskabet Torm has once again upgraded its expectation for 2004 after very profitable nine months. The profit for the first ...
Higher S&P rating for Skuld Assuranseforeningen Skuld ' the Norwegian P&I club ' has had its rating from Standard & Poor (S&P) increased from BB+ to ...
London P&I premium increase of 12,5 per cent London P&I Club has set the highest premium increase so far with 12.5 per cent after a thorough review ...
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