P&O Nedlloyd profit soars in Q3 ROYAL P&O Nedlloyd became the latest liner company to announce buoyant results, with a Q3 operating profit from container shipping of US$138 million compared with US$53 million in the same period in 2003.
Tanker rates to US up 29% as Opec pumps more oil OIL tanker rates to the US jumped as much as 29 per cent last week as Opec increased its oil output to meet surging world demand, increasing competition for available ships.
Privatise Chittagong Port to exploit potential: US A visiting senior US official urged the Bangladesh government to privatise the nation's main Chittagong Port saying 'sincere' efforts were needed to exploit its full potential.
RCL begins new M-E service
Vietnam protests to Tanzania over seizure of cargo ship
SMP pull-out of Piraeus bunker market Global supplier says move is permanent 'strategic decision'.
ARA fuel oil stocks rise again ARA stocks of fuel oil swell on lack of arbitrage opportunities with more cargoes expected in from the Baltic, while bunker market saw limited demand today.
Baltic price falls maintain momentum Buying activity has been healthy as prices fell across the region, where one port was forced to close today due to high winds.
'Size matters' when bunker samples need closer inspection Lintec supports Singapore's MPA's recent introduction of a minimum bunker sample size requirement as it will allow repeated tests on off-spec or borderline fuels.
Early bookings required for bunkering during Turkish holiday
Shell Marine Products awarded US Navy support contract Shell Marine Products (US) Company wins contract worth $8.6 million, including options that could boost contract value manyfold.
Chinese fuel oil imports sharply down in September Chinese fuel oil imports were down in September although supply from Singapore remained broadly unchanged from August, Chinese customs data showed.
Opening of transpolar routes could slash shipping times The arctic is thawing faster than expected say scientists, a fact which could benefit shipping by providing shortcuts and slashing shipping times.
MOL orders 10 vehicle carriers as car exports surge MITSUI OSK Lines has signed up for 10 Japanese built car carriers, in a deal worth an estimated $600m. The line says volumes are so strong now there are not enough ships in the world to meet demand.
Zurich suspends staff in wake of Spitzer inquiry INSURANCE markets are bracing for new shocks after firms outside the direct firing range of New York attorney general Eliot Spitzer revealed new probes into risk placing practices.
Broström buys out minority owners in $87m fleet streamline Leading Swedish product tanker and chemical operator Broström plans to buy-out the part-owners of some of its vessels in a change of strategy that will be funded by a share issue worth more than SKr600m (US$ 86.8m).
Fincantieri retains technology edge in Chinese partnership FINCANTIERI has restated its willingness to develop relations with Chinese shipbuilders .
China P&I sets its sights on International Group membership CHINA Shipowners' Mutual Assurance Association has lodged a formal application to join the major league of protection and indemnity clubs, writes James Brewer.
US 'seeking to prosecute seafarers' US authorities are actively looking to prosecute seafarers and shipping companies, believes Michael Chalos, a partner at US law firm Fowler Rodriguez & Chalos
Torm, Thome set up manning venture COPENHAGEN-based tanker operator Torm and Singapore ship manager Thome have launched a manning agency joint-venture in Manila dedicated to the Torm fleet
Further reprieve for USSM MAERSK Lines Ltd will have to wait to introduce newer vessels into the US Maritime Security Program Fleet, a judge has ruled
Bulker leaking oil off Vancouver TUGS were dispatched before daybreak today to the Greek-flagged bulker Thrasyvoulos V after the vessel was found to be leaking oil into the Pacific Ocean off Vancouver
MOU signed on Roberts Bank terminal THETsawwassen First Nations band has signed an MOU with Vancouver Port Authority to enable construction of Vancouver's second container terminal at Roberts Bank
Fonterra review to cut port calls AS part of a review of its logistics activity, NZ dairy co-operative Fonterra is looking to reduce ports and shipping costs
FedEx ordered to repay $29 million The U.S. said FedEx Express must repay excess funds received under an act established after the Sept. 11 terrorist attacks.
Grand Alliance shuffles port calls Alliance members Hapag-Lloyd, NYK, OOCL and P&O Nedlloyd, in cooperation with CP Ships, are phasing in North Atlantic schedule changes.
MOL to order 10 car carriers
Hapag-Lloyd, NYK to share space in South America trade
Taiwan renews push for China air-cargo flights
Frankfurt airport posts cargo record
October volume sets record at American Airlines Cargo
Hupac boosts shuttle services with Eurocombi acquisition Swiss rail operator Hupac has bought Milanese intermodal rail operator Eurocombi from its founders Ferrovie Nord Milano (FNM) and the Gavio Group, well informed sources told ci-online.
Hutchison's Panama subsidiary set to develop Atlantic facility Panama Ports Company (PPC) is finalising ambitious investment plans that will put its Cristobal terminal on a par with its 600,000TEU a year operation in Balboa.
Hapag-Lloyd continues to deliver for TUI
CSCL and Jinzhou Port expand Liaoning terminal deal
Stelmar close: $40.65! Shareholders are making a large wager that Fortress acquisition offer will be rejected Tuesday.
US military cargo runs aground en route to Cuba Army-chartered barge containing some hazardous material was bound for Guantanamo Bay.
Salvors hope to refloat 'Gitmo' barge Service to US military base in Cuba is set to come up for new bids next week.
Stelios in new attack Stelmar founder makes issue of company's charter cover falling to 50% for 2005.
Panamax spill alert Greek controlled bulk carrier in bunker leak scare off Vancouver.
New ships for Elkem? Sverre Jorgen Tidemand's Belships is 'at work on tonnage renewal' with the Elkem Chartering pool.
Star Reefers backs newbuilds Oslo-listed owner signs 10-year charters on first reefer newbuildings in four years.
Brostrom plans $90m of deals Lennart Simonsson charts a new course for Swedish petrochemical shipowner with plan to buy out minority stakes in vessels and joint venture companies.
MOL inks car carrier bonanza Owner orders ten 6,400 car capacity ships at domestic shipbuilders for delivery by 2009.
Big John confirms Hanjin stake Norwegian tanker king has been adding to his tantalising investment in liner shipping.
Continental Mariner bows out PLA-backed company confirms sale of last remaining ships.
Profits down at Star Asian cruise firm sees 10% fall in profits during third quarter despite increase in revenue.
Volumes keep rising at NOL New services and cargo mix combine to help maintain cargo level growth at Singapore carrier.
Mixed quarter for Farstad Continued weakness in Australia and Far East offsets signs of improvement in North Sea markets.
RCCL wants Masa-Yards to build outside Europe Royal Caribbean Cruise Line (RCCL) ' the world's second biggest cruise ship operator ' is hard hit by the strong Euro and ...
Fosen hoping for stop-gap conversion work Fosen Mek. Verksteder is currently working on several conversion jobs to fill the capacity at the yard next year after ...
Frontline in out-of-court settlement with Stena Frontline will pay Stena upwards of USD 2.5 million in an out-of-court settlement after Frontline was taken to ...
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