High steel prices, weak US$ hurting Korean shipyards THE impact of the decline of the US dollar and the global shortage of steel have begun to show in the earnings of the world's biggest shipbuilders.
Aussie ports to test high-tech acoustic fences IN a bid to address a widely acknowledged gap in global port security, two Australian ports are set to test out high-tech 'acoustic fences' capable of detecting incursions by small boats and divers.
Frontline's Q3 earnings quadruple FRONTLINE Ltd, the world's biggest oil tanker company, said third-quarter profit quadrupled to a record and earnings next quarter will be twice as high as demand for vessels outpaces supply.
P&O Ports' Philippine unit posts 17% fall in profits
Indian companies to partner Iran in port, rail projects
US Gulf bunker prices collapse 43% in 30 days Aggressive local markets combined with bearish crude sentiment sees IFO380 bunker prices almost half in 30 days in Houston and New Orleans.
Oil, bunker prices fall on Iranian cessation New York crude oil levels fall to two-month low and bunker prices in world's major ports continue to slide as tensions appear to ease in Middle East.
Marine fuel tops bill at Prague energy briefing
Russia: New tax claims not seen as another Yukos affair Tax claim against TNK-BP downplayed as an 'adjustment' and not another raft of tax claims against Russian oil companies.
Gibraltar softens further as demand increases
Durban operator to increase barge rates One of the port's two bunker barge operators has announced a rate increase.
Romanian supplier expands to meet demand Romanian bunker supplier Unicom Holding S.A. will soon be offering IFO380, previously unavailable in Romania, to vessels calling at Constantza following a major expansion of its bunkering operations.
Rotterdam slips lower with crude
Traders predict sharp fall in Korean bunkers While Korean prices remain high compared to competing markets, Korean traders expect prices to come down heavily.
Large bunker spill feared after freighter smashes breakwater The Japan Coast Guard is battling to prevent a major environmental disaster after a freighter smashed into a breakwater in northern Japan.
Stakes raised for Stelmar's D-day Stelmar Shipping's proposed takeover by Fortress Investment Group seemed to hang in the balance last night as both 'Yes' and 'No' camps cranked up the pressure ahead of the merger vote by Stelmar shareholders scheduled for later today in a Manhattan hotel.
Shareholders in line for bumper payout as Frontline heads for record earnings FRONTLINE'S shareholders are enjoying a cash and shares bonanza as the world's largest tanker owner heads for record quarterly earnings in the final three months of the year.
Seven crew die in Marine Osaka tragedy SEVEN people have been confirmed dead following the sinking of the South Korean flag Marine Osaka.
Deadline for Lloyd's List nominations DO you believe your company is setting the benchmark for the maritime industry? Or perhaps you feel that one of your clients or suppliers is worthy of praise for outstanding performance?
MC's Crawford grateful for profit MC Shipping has blamed "poor results" in its third quarter on efforts to "clean up" the company. Profits of $494,000 on revenues of $8.1M were posted, compared with profits of $1.4M on revenues of $7.9M during the same period last year
NYK ties up with Sovcomflot NYK has teamed up for the first time with Russian shipping company Sovcomflot to transport LNG
Busan terminals working non-stop ALL six terminals in Korea's biggest container port of Busan are now functional for 24 hours following Korea Hutchison Terminal's decision to introduce a round-the-clock operation system for its Jasungdae facility
New box berth for Felixstowe THE last berth capable of accommodating the biggest containerships to become operational in the UK for at least two years was commissioned today at Felixstowe
UK tonnage tax in crisis debate A UK seafarer union is to host a seminar telling politicians why ships operating in the tonnage tax regime should be obliged to employ a minimum number of UK seafarers
Fortress: 11th-hour Stelmar offer FORTRESS Investments has raised its offer for Stelmar Shipping to $40 per share on the eve of tomorrow's special meeting in New York
LA-Long Beach beating pier pressure Extra longshoremen, fewer calls finally helping to clear congestion at largest container gateway.
EU, U.S. team on container security European Union adopts first measures aimed at resolving trans-Atlantic dispute over how to protect global supply chain from terrorist attacks.
HPH sucked into Dutch financial scandal Hong Kong port operator Hutchison Port Holdings (HPH) has been linked to the Rottergate financial scandal, lending '20 (US$25.86) million to the ailing RDM defence group in May 2004.
Atlantic continues to plague CP Ships CP Ships continues to struggle in its core market with its Atlantic Q3 operating income collapsing to less than half of its 2003 third quarter value.
Maersk Logistics enters into second Chinese partnership
Shanghai's port users are caught between the devil and the deep blue sea
Good times too good to last Frontline shipowning offshoot warns that freight rates that pay for a tanker in two years must fall.
Pay off hits MC profit LPG operator pays a price for severance deal with former chief executive Guy Morel and legacy charters.
Keep your 'nickels and dimes' The Haji-Ioannous are rejecting an improved Stelmar takeover offer and want heads to roll after tomorrow's vote.
Miles under the loupe? CP Ships is investigating insider trading and promising to get right with Sarbanes-Oxley.
Attica on the climb Superfast and Blue Star are swelling the till at Pericles Panagopoulos's Attica group.
Sonatrach confirms LNG option Algerian owner gives go ahead to build second "medmax" ship at Universal in Japan.
Hanjin doubles its money Korean boxship player notches up big rise in earnings in first nine months of 2004.
Frontline nears record Share price at close to 12 month high as tankers again prove a licence to print money.
Ultrapetrol raises $180m Shipping-hungry bond market gives up $30m more than expected to South American owner.
Daewoo struggling too Another Korean yard announces big drop in third quarter profit.
TTA turns it on Thai bulker owner boosted by better freight markets in year to 30 September.
Currency clobbers Samsung Korean shipbuilder's third quarter profit hit by falling US dollar and bond buy-back.
Frontline rides the bull Top tanker company believes strong market will continue despite $17.2m freight futures loss.
LNG lifesaver for Izar yard Spanish utility Gas Natural throws La Naval shipyard a lifeline?
Norwegians bolt from Stolt Shipowner Christen Sveaas and lawyer Erling Hjort are on their bikes.
Two die in Algerian storms Crew from SNTM and Turkish vessels lost in high seas off Algiers.
Camillo Eitzen stays cautious Profitability of Norwegian shipping group declines as charter costs rise and it takes a conservative view of Chinese bulk market.
Earnings escalate at HMM Korean owner boosts profit by more than 1,000% in nine months to end-September.
A.P. Møller-Mærsk lift options on LNG's A.P. Møller-Mærsk has signed up with Samsung Heavy Industries for further two LNG carriers of a larger type. The ...
Faroe Island wants to develop ship register Faroe Island's ship register is to be made more internationally competitive by introduction of a tonnage tax system and other ...
Broström plans share issue for expansion The Swedish tanker specialist Broström will issue 6.3 million B-shares to finance purchases of outstanding parts in part-owned ...
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