Busan targets S'pore, HK firms in US$15b free zone drive THE Busan government is going all out to help the city's port become North Asia's business hub, setting aside millions of dollars this year to attract foreign investment.
China factor forces shift in Busan strategy HIT by the rise of seaports in nearby China, South Korea's biggest container port is positioning itself as the logistics and services hub of North Asia.
Russia's biggest port plans expansion to up oil export OAO Novorossiisk Trade Sea Port, the largest seaport in the former Soviet Union, expects growth in oil loadings to slow in 2004 for the third straight year as the port has used up almost all of its spare capacity.
Singapore 'cave' storage project gains credibility Singapore authorities to take 'leading role' in studying possibility of underground cave network for oil products storage.
Chinese trader opens office in Singapore State-owned subsidiary aims use spot market tools to develop more imports from Singapore into eastern China.
Port of Tanjung Pelepas confirms bunker island project After months of speculation, PTP confirms bunker supply island project, although construction of the supply infrastructure is yet to begin.
Hong Kong: Recent sales increase provides no long-term hope Despite a slight increase in demand in Hong Kong over the past week, suppliers say the port has in no way recovered from the recent ban on OPL bunkering and are becoming increasingly resigned to accepting the new regulations.
Crude: Supply disruptions continue to spur bull-run While Hurricane Ivan has passed through the Gulf of Mexico, the after effects continue to push crude prices higher, amid further news of supply disruptions from Russia.
Stelmar sells out to Fortress with $677m 'definitive agreement' STELMAR Shipping yesterday unveiled a "definitive agreement" that sees Fortress Investment Group paying $677m in cash for the tanker company's stock.
Levene warns of watchdog's bite LORD Levene, chairman of Lloyd's, has warned that its watchdog system is sharpening its surveillance of danger signs in the marine and energy insurance markets.
Poor health forces Choi to resign as Hanjin president AFTER just 20 months in charge, Hanjin Shipping's president Won-Pyo Choi has stepped down, citing health reasons.
EC rubbishes rumours of Barrot to quit A SPOKESMAN for the European Commission denied yesterday that incoming transport chief Jacques Barrot was considering resigning from the Brussels executive.
Panama overhauls fines to win back flag business IN its first act, the new administration of the Panama Maritime Authority has moved to neutralise one of the main reasons why some of its highest profile, most reputable operators have abandoned the flag, writes Rainbow Nelson.
Rotterdam brought to a standstill DOCK workers brought the port of Rotterdam to a standstill today as part of a protest against changes to the Dutch welfare system
Tanker explosion in Russia A TANKER exploded and caught fire, killing at least three, during cargo unloading on the Anabar River, in the east Siberian region of Sakha on 16 September
Viking Victor sinks BUE Viking, the Aberdeen, Scotland-based owner of the oil rig standby vessel Viking Victor are investigating salvage options after the vessel sank on Saturday
Norwalk virus strikes Sun Princess SANITATION crews are working to purge all traces of the Norwalk virus from the Sun Princess, presently alongside in Vancouver, Canada
Strikes spread in Durban A SERIES of strikes by casual dock labourers at the port of Durban have spread from the multi-purpose terminals to other areas of the port
US Gulf ports begin to reopen SEVERAL US ports along the Gulf of Mexico are reopening today, albeit on a limited basis, as the US Coast Guard lifts restrictions in place following Hurricane Ivan
Maersk Sealand out of 2 S.A. services World's largest carrier exits U.S. East Coast to East Coast South America services it operates with three other lines.
Gulf ports pick up after Hurricane Ivan Coast Guard bans all ocean-going traffic at ports from Gulfport, Miss. to St. Marks, Fla.
Park Jung Won appointed as Hanjin Shipping's chief Hanjin Shipping announced today that its former executive VP Park Jung Won has been appointed as the new president and CEO, following president and CEO Choi Won Pyo's resignation.
Jeanne wavers in Caribbean as Lisa gets 'organised'
India's Rail Ministry agrees to demonopolise boxtrain services
Maersk strikes US$47million Pipavav deal with Sea King
Objections to North Europe dredging projects undermined
North Sea strike to escalate in October Federation of Oil Workers' Trade Uniones (OFS ' Oljearbeidernes Fellessammenslutning) will take another 77 members onboard the production vessel "Petrojarl Varg ...
Unions want Norwegians in coastal waters The Norwegian government is currently assessing a proposal to dispense with work permits for foreign crews on foreign vessels working ...
Large ferry order to Flensburger Flensburger Shiffbau, FSG, in Germany won the order for three ferries to canadian BC Ferries. The order, worth EUR 206.4 ...
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