New 16-nation anti-piracy campaign soon in Asia A new framework for cooperation among 16 Asian countries in the fight against piracy in the region will come into force soon.
Patrick Corp posts 25% rise in earnings, sees growth PATRICK Corp Ltd, Australia's largest stevedoring firm, said yesterday its annual net profit before one-offs rose 25 per cent as strong growth at its rail and port units helped offset lower earnings at budget airline Virgin Blue.
Cosco Pacific to push for overseas port projects BEIJING-backed container leasing and port investor Cosco Pacific Ltd said on Wednesday it would seek further overseas container port investments, a day after it struck a deal to develop a terminal in Belgium.
Prestige skipper allowed to visit native place
Admiralty Casebook
Call to cut over-reliance on auto radar ARECENT investigation report by the Australian Transport Safety Bureau has signalled a possible problem in the use of Automatic Radar Plotting Aids that could have significant implications for navigational safety in busy waterways such as the Singapore Straits.
New 16-nation anti-piracy campaign soon in Asia A new framework for cooperation among 16 Asian countries in the fight against piracy in the region will come into force soon.
Patrick Corp posts 25% rise in earnings, sees growth PATRICK Corp Ltd, Australia's largest stevedoring firm, said yesterday its annual net profit before one-offs rose 25 per cent as strong growth at its rail and port units helped offset lower earnings at budget airline Virgin Blue.
Cosco Pacific to push for overseas port projects BEIJING-backed container leasing and port investor Cosco Pacific Ltd said on Wednesday it would seek further overseas container port investments, a day after it struck a deal to develop a terminal in Belgium.
Prestige skipper allowed to visit native place
Admiralty Casebook
Call to cut over-reliance on auto radar ARECENT investigation report by the Australian Transport Safety Bureau has signalled a possible problem in the use of Automatic Radar Plotting Aids that could have significant implications for navigational safety in busy waterways such as the Singapore Straits.
African competition, cheaper crude sees fuel oil demand wane European refiners targeting cheap crude market for refinery feedstock and US seeking cheaper African-sourced alternative to European fuel oil, leaving European fuel oil demand weakening, supplies burgeoning and prices crashing.
Cargo ship leaking IFO180 off US' Georgia coast USCG reported to say leaking bunker fuel not 'viewed as high risk'
Paranagua: '4,000 mt' of bunker fuel and methanol spilled As salvors Wijsmuller Salvage are called in to remove remaining bunker fuel from sunken vessel's fuel tanks questions are raised over speed of response to spill and clean-up operation.
Rotterdam evaluates overnight crude gains
Singapore prices seen comparatively strong on low imports Despite a build in onshore stocks, sources say prices in Singapore are unlikely to collapse even if crude prices continue to fall.
Refinery restart could see Japanese market play catch-up Traders in Japan said that demand has been low for two weeks amid high prices but the market could fall faster with increased avails.
MPA: CP60 and MARPOL alignment provide quality assurance The MPA has said that the revised CP60 will further enhance accuracy of delivered quantity and provide better quality assurance to bunker buyers in Singapore in line with Marpol regulations on sulphur content.
PDVSA: 2004 sales 'to rise by 30%'
China eyes increase in fuel oil shipments from Iran Fujairah bunkering hub to see competition for Iranian residual product from China as cargo traders look for alternative sources to Russia, reports claim.
Molaris quits Stelmar following merger defeat STELMAR chief financial officer Stamatis Molaris has resigned in the wake of this week's overwhelming defeat for the tanker company's proposed merger with Fortress Investment Group.
Coscon eyes $3bn from flotation COSCO Container Lines, the liner shipping division of China Ocean Shipping (Group), has set its sights on launching an initial public offering next year that could raise up to $3bn.
Brussels rejects Izar plan THE European Commission has rejected a Spanish government plan to set up a holding company to oversee a merchant shipbuilder to be created from the restructure of Izar
Evaporation could reduce spill risk An oil spill from the Panamanian flagged Fortune Epoch is not deemed to be serious as the evaporation rate is said to be 'pretty good.'
EuKor net profit surges EUKOR Car Carriers of South Korea has reported a huge increase in net profit to $150M for the first nine months of 2004
Keppel Verolme gets Solitaire job KEPPEL Verolme BV of Rotterdam has bagged a '20M conversion job on the pipelay vessel Solitaire, which is at the centre of a long-running legal dispute.
Pollution incident off Savannah THE ro-ro/cargo ship Fortune Epoch is leaking diesel fuel off the coast of Savannah, Georgia, the US Coast Guard reports
Toamasina polluter in the dock MAURITIUS-based Galana Petroleum, which operates Madagascar's only oil refinery, has appeared in court on charges of having polluted the port of Toamasina
Congestion over at LA-Long Beach For the first time since June, no vessels are sitting idle at the nation's busiest container gateway.
LA-Long Beach to start with day fee discount
Bush plans port security directive Administration directive will consolidate port security programs into single, national initiative, a senior DHS official said.
Kroes survives EC shake up as Parliament approves new commission Neelie Kroes will be the new competition commissioner following the vote today that saw European Parliament (EP) ratify the new commission.
Investors take 50 per cent stake in Eitzen tankers Investment company K/S Difko 47 and its chartering arm Nordic Tankers has decided to invest in two chemical tankers ...
Aker to build AHTS for NorSkan NorSkan Offshore ' owned 50/50 by Solstad Offshore and DOF ' has ordered a type UT 722 L Anchor Handling Tug ...
Bergesen Sale of LPG carrier confirmed Bergesen has confirmed the sale of the 24,000 cbm LPG carrier "Hektor", built 1982 to Indian Varun Shipping for USD ...
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