Major soybean firm in deal with Viet port IN a bid to meet rapidly growing demand for soybean meal worth an estimated US$1.46 billion annually within Asean, Bunge Agribusiness Singapore Pte Ltd yesterday signed a 10-year throughput agreement with Vietnam's Phu My Port.
Make ports duty-free to be competitive, M'sia urged MALAYSIA must simplify tariffs, cut red tape and make local ports duty-free if it wants compete with major hubs like Hong Kong and Singapore, a report said yesterday.
Overseas Shipholding to buy Stelmar for US$843m OVERSEAS Shipholding Group, the largest US-based oil tanker owner, agreed to buy Stelmar Shipping for US$843 million to add smaller vessels with more stable rates.
Alaska oil spill not as large as feared
Strait Talk
Salvors need crisis management guidelines OVER the past few weeks, International Salvage Union president Hans van Rooij has been addressing forums worldwide, hammering home the message that we need a viable global salvage industry.
Major soybean firm in deal with Viet port IN a bid to meet rapidly growing demand for soybean meal worth an estimated US$1.46 billion annually within Asean, Bunge Agribusiness Singapore Pte Ltd yesterday signed a 10-year throughput agreement with Vietnam's Phu My Port.
Make ports duty-free to be competitive, M'sia urged MALAYSIA must simplify tariffs, cut red tape and make local ports duty-free if it wants compete with major hubs like Hong Kong and Singapore, a report said yesterday.
Overseas Shipholding to buy Stelmar for US$843m OVERSEAS Shipholding Group, the largest US-based oil tanker owner, agreed to buy Stelmar Shipping for US$843 million to add smaller vessels with more stable rates.
Alaska oil spill not as large as feared
Strait Talk
Salvors need crisis management guidelines OVER the past few weeks, International Salvage Union president Hans van Rooij has been addressing forums worldwide, hammering home the message that we need a viable global salvage industry.
Panama 'near tank bottom' as demand surges Suppliers close to tank bottom after spike in demand and inventory stock taking prior to New Year take toll.
Transport Council agrees to EU sulphur limits Latest step in legislative process to introduce tough measures on sulphur emissions in EU adopted by a 'qualified majority' of European Transport Council.
Alaska: Bunker spill not as large as originally thought Coast Guard officials in Alaska have said the bunker spill which occurred from a stricken freighter in Alaskan waters is not as large as originally believed.
Three partners in frame for Singapore storage deal A third company has been named in a consortium of investors to replace China Aviation Oil in storage terminal deal, including one player active in the Singapore marine fuels market.
Rotterdam steady to firm late morning
Two new investors to replace CAO in Horizon Terminals project ENOC subsidiary, Horizon Terminals has found two new investors to replace China Aviation Oil for its planned storage terminal on Jurong Island, Singapore.
Brussels' plan for conferences overlooks their trade benefits Shipowners have complained that the European Commission's action to end block exemption on liner conferences ignores existing treaty commitments and pays insufficient attention to economic consequences of ending liner conferences.
Barroso to handle new liner bloc legislation EUROPEAN Commission president Jose Barroso will see through new EU liner shipping legislation in person, it was confirmed yesterday.
Frontline declares interest in possible Genmar merger FRONTLINE has declared an interest in merging with tanker rival General Maritime, in which the John Fredriksen company has amassed a stake of more than 4%.
Ship marks Japan first JAPAN has officially got in on the super post- panamax act, launching its first ever ship with 17 rows across at IHI Marine United's Kure dockyard, writes Sam Chambers in Hong Kong.
ISE makes US start ANGELIKI Frangou's International Shipping Enterprises has started trading in the US after a hefty increase in the initial public offering from 17m to 28.5m unit shares, writes Nigel Lowry in Athens .
Mitropoulos invites EU heavyweights IMO secretary-general Efthimios Mitropoulos has invited three of the new European Commissioners to meet him for talks about future relations between the IMO and the EU
Sherwood doubts rival's future JAMES Sherwood, CEO of Sea Containers who own Hoverspeed, has said that SpeedFerries, the new low-cost channel ferry operator, does not have a long term future
Pakistan union presses for SIDs THE ITF-affiliated Pakistan Seamen's Union has called on the country's government to ratify ILO convention 185, pertaining to a seaman's identification document
Union conflict at Kaliningrad STEVEDORE workers at Kaliningrad port have filed suit at the European Court of Human Rights, after losing both their jobs and their union accreditation
Forth Ports invests in the Baltic UK-based Forth Ports has invested in container terminal operator running facilities in Finland and Russia
B&N Nordsjofrakt, Gothon merge SHAREHOLDERS in Swedish companies B&N Nordsjofrakt and Gorthon Lines have sealed a merger unveiled in October
FMC approves NVO contract petition Federal Maritime Commission approves change that will allow NVOCCs to enter confidential contracts with shippers.
U.S., Israel, Egypt in trade pact The partial free-trade agreement could be the most important economic agreement between Israel and an Arab neighbor since the Israel-Egypt peace treaty of 1979.
EU 'surveillance' for China's textiles after quotas end Textile-imports to the EU will be subject to monitoring after WTO-country quotas end on January 1, in order to monitor import-volumes, but Chinese products will be subject to separate 'surveillance'.
More rates rising for ANZ shippers Confirming recent forecasts by P&O Nedlloyd executives, conference groups in the Australia and New Zealand to the US, Canada and Mexico have announced a general rate increase effective January 1.
Expansion of South Africa's reefer port gets green light
Farstad deal subject to inquiry Farstad Shipping's NOK 1.0 billion supply ship deal with Norsk Hydro will be subject to an internal inquiry after competitors ...
Clipper adds the VLCC segment to its portfolio The Danish Bahamian Clipper Group has on record time added a new segment to its portfolio of ships that already ...
Breakers pay for derelict ships far from yard The strong demand for scrap metal tempts breakers to buy really bad vessels around the world. The latest example is ...
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