New ballast rules could create $10b tech market NEW, stricter rules for the treatment and decontamination of ballast water are expected to spawn a $10 billion market for treatment technologies in the next 10 years.
Stable rates boost global trade: lines THE relative stability in container freight rates has been a driving force behind the growth in global trade, the head of a European liner association said recently.
Air and Land Transport
New blow to US$23.5b Boeing tanker deal THE US Air Force has no pressing need to start phasing out its refueling planes, a Pentagon-commissioned report made available on Wednesday said, in a fresh blow to a stalled US$23.5 billion Boeing Co tanker deal.
Gulf Air may miss profit target because of rising fuel costs
Thailand's first subway completes trial run
Japanese firms to bid for China bullet train project
Admiralty Casebook
Insurer not liable for cargo not properly packed: court THE insurer of a large transformer that was damaged during a voyage from the UK to Malaysia has successfully argued that it was not liable under a marine insurance policy as the cargo was not properly packed or prepared for the voyage.
New ballast rules could create $10b tech market NEW, stricter rules for the treatment and decontamination of ballast water are expected to spawn a $10 billion market for treatment technologies in the next 10 years.
Stable rates boost global trade: lines THE relative stability in container freight rates has been a driving force behind the growth in global trade, the head of a European liner association said recently.
Air and Land Transport
New blow to US$23.5b Boeing tanker deal THE US Air Force has no pressing need to start phasing out its refueling planes, a Pentagon-commissioned report made available on Wednesday said, in a fresh blow to a stalled US$23.5 billion Boeing Co tanker deal.
Gulf Air may miss profit target because of rising fuel costs
Thailand's first subway completes trial run
Japanese firms to bid for China bullet train project
Admiralty Casebook
Insurer not liable for cargo not properly packed: court THE insurer of a large transformer that was damaged during a voyage from the UK to Malaysia has successfully argued that it was not liable under a marine insurance policy as the cargo was not properly packed or prepared for the voyage.
New ballast rules could create $10b tech market NEW, stricter rules for the treatment and decontamination of ballast water are expected to spawn a $10 billion market for treatment technologies in the next 10 years.
Stable rates boost global trade: lines THE relative stability in container freight rates has been a driving force behind the growth in global trade, the head of a European liner association said recently.
Air and Land Transport
New blow to US$23.5b Boeing tanker deal THE US Air Force has no pressing need to start phasing out its refueling planes, a Pentagon-commissioned report made available on Wednesday said, in a fresh blow to a stalled US$23.5 billion Boeing Co tanker deal.
Gulf Air may miss profit target because of rising fuel costs
Thailand's first subway completes trial run
Japanese firms to bid for China bullet train project
Admiralty Casebook
Insurer not liable for cargo not properly packed: court THE insurer of a large transformer that was damaged during a voyage from the UK to Malaysia has successfully argued that it was not liable under a marine insurance policy as the cargo was not properly packed or prepared for the voyage.
Singapore market divided on whether prices have peaked Fuel oil prices reached a new high in Singapore's bunker market today, although it was a 13-month peak rather than crude's 13-year peak.
Tokyo Bay maintains high price levels Indications in Tokyo Bay remained little changed today, with numbers for IFO grades still well above $210 per metric tonne (pmt) for the seventh day running
Swelling stocks undermine Asian fuel oil values Singapore's stocks of residual fuels at seven month high as Chinese fuel oil buyers fail to return and arbitrage influx continues.
Cargo rises nullify Italian demand
EU's newest suppliers hit by inspection delays Hold-ups to implementation of EU tax exemption procedure could lead to marine fuel supply shortages for new member states, warn suppliers.
High resupply cost seen as factor in tighter avails Suppliers in the US Gulf and East Coast markets think this is not the right time to go 'long' on product, thus perpetuating tight avails.
Rickmers ready for major heavylift order after success of Pearl String BERTRAM Rickmers is close to ordering 12 heavylift multipurpose ships after the successful introduction of Rickmers-Linie's unique Pearl String service.
Investment in ports key to berth control RICKMERS-Linie may be prepared to put money into port facilities in order to ensure berths are available to handle non-containerised cargoes, writes Janet Porter .
Hard fact of a softening insurance market NOW brokers have confirmed that the insurance market is softening.
British IMO team rejects bulker double hull critics A REBUTTAL of plans to block making post-2007 bulkers double skinned emerged yesterday as the British delegation to the International Maritime Organisation questioned criticisms levelled at the formal safety assessments that prompted the decision.
Market fears spur China Shipping to rethink plans A SERIES of presentations to institutional investors around the world planned by China Shipping Container Lines has been postponed because of stock market jitters.
US Navy taking the best seafarers SHIP operators seeking to take on US-licensed merchant seafarers may soon find that they have been beaten to the best candidates by the US Navy
No relief for US refinery shortage EXPORTERS hoping the US will expand its refinery capacity have little to look forward to, according to US oil industry representatives testifying before Congress yesterday
Rickmers could invest in Genoa BERTRAM Rickmers has offered to invest in port facilities at Genoa if that became necessary to secure the future of Rickmers Linie's fortnightly calls
Algoma sharply higher in quarter ALGOMA Central Corp, the Great Lakes operator, posted a profit of C$4.3M ($3M) in the first quarter, up sharply from C$215,000 for the same period a year earlier
Hutchison confirms Bathside plans HUTCHISON Ports Holdings has no plans to use automated equipment at Felixstowe or the proposed Bathside Bay terminal at Harwich
Paranagua in port probe A FEDERAL investigation is underway in Paranagua, Brazil this week into 'irregularities' at the port
Customs rolls back 'shipper' definition Agency agrees to traditional terminology for bills of lading, ending spat that delayed new electronic filing rules.
Higher rates push up NOL profit Neptune Orient Lines Ltd.posted a sevenfold increase in first quarter net profit on higher freight rates and increased cargo volumes.
Hapag-Lloyd earnings rise
Union Pacific detours trains around New Orleans congestion
Shippers welcome China steel price drop China's efforts to cool its overheating economy has seen steel prices fall about 17% over the past six weeks, but the level remains 30% higher than last year.
Titanic NOL earnings will lead to Titan order APL will follow the lead of its alliance partner MOL and order super-post panamax vessels the company said in Singapore today.
Hanjin's container index rises for the first time this year
Taiyoung to launch North China/Busan service
'In the zone', DB cuts deficit and piles on the revenues
Zhangzhou China Merchants Port achieves historical volume growth
Defeat for BJP could end Indian privatisation projects
Alaskan ferry still stuck Salvors drafting plan after tides frustrate fuel offloading.
Exxon Valdez spill back in court Fifteen years after the Prince William Sound spill judge rules that an oily mess is not debris.
BIMCO nixes double-hull mandate Ownership group believes bulk carrier initiative 'has to be stopped' as IMO takes up issue.
TK rings a bell The biggest of public tanker companies visits Wall Street to open Thursday trading on NYSE.
Caspian cargo coup Azerbaijan's Caspian Shipping boosts volumes by 17% in first four months of 2004.
Transfield-chartered OBO held Port state control inspectors detained 14 ships last month.
Tarquin fleet sale upheld Condition of vessels sparks court room battle over $161m deal to sell eleven LPG carriers.
MOL income rockets Japanese owner Mitsui OSK Lines is bullish on liner and bulker trades this year.
NOL rides the recovery Singapore national flag carrier sees first quarter net profits increase eight-fold.
Iino's earnings eroded Japanese VLCC owner posted lower profits in the year to 31 March.
K Line profit almost triples Japanese owning giant rides high on Asia trade boom.
Alaskan cruise ship hits ice Another incident in the waters off the US' most north westerly state.
Mona Lisa takes mudbath German cruiseship temporarily grounded outside Venice.
Daiichi back on track Japanese bulker and tanker owner returned to profit in year to 31 March.
NYK opens in Korea New sole agency company formed in Seoul to handle Japanese owner's bulk business.
Labroy sees record earnings Shipbuilding and shipping both contribute to help lift profits 40% at Singapore listed firm.
Hapag-Lloyd hits the heights German container line's profit is high point of tourism parent TUI's poor first quarter.
Jo can defer cash blow Feds spread $19.5m fine over five-year probation period, agree not to target current executives as price-fixing probe continues.
H&W shareholders revolt Minority investors in Belfast yard protest over shares they cannot sell.
Royal Olympic gets small Embattled cruise line applies for "small cap" status to prevent Nasdaq de-listing.
LPG carrier refloated Salvors manage to refloat Panamanian-flagged gas carrier after it grounds off the Philippines.
TFDS tumbles further First quarter woe worsens with bigger losses at Norwegian ferry owner.
Izar stung for $366m by EC Spanish shipbuilder under threat after being ordered to repay illegal state aid.
Shell wants to drill in Barents Sea Shell wants to resume drilling in the Barents Sea, in particular off the coast of East Finnmark, according head of ...
New ro-ro-service Finland-Russia The TransRussiaExpress ro-ro-service from L'beck to St Petersburg via Sassnitz and Baltijsk has been extended with one eastbound ...
Tanker suspected of sinking of fishing vessel SSG has learned that a product tanker now is suspected to have collided with the Latvian fishing vessel "Astrida", south ...
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