Rally in shipping stocks expected to continue SINGAPORE-listed shipping companies will continue to enjoy steady earnings growth in the medium term as freight and charter rates remain underpinned by a combination of strong demand for shipping space and increasing capacity shortage, say analysts.
No end in sight to China's transport bottlenecks CHINA's chronic railway bottlenecks which have caused lengthy delays in delivery of coal, iron ore and oil are expected to continue next year even as the country's economic growth slows, analysts say.
Ship diversions, more workers ease US port congestions A ship logjam that caused protracted freight backups at America's largest port complex has been cleared, officials said, but the timely flow of cargo remains hampered by ongoing delays in moving cargo out of jammed port terminals.
Australia planning another container port at Hastings
OPEC: Heavy crude processing key to lower prices Cartel says that flexibility of refiners to process heavy crudes vital to keeping prices down and ensuring stable market, 2005 oil demand forecast revised lower.
Factors conspire to halt Black Sea product shipments Volga-Don channel set to reopen but port closures and delays in the Turkish Straits frustrate rush to export Russian crude and oil products before winter closure.
Rotterdam firms up into weekend
Royal Vopak reports solid Q3 profits despite weaker dollar Royal Vopak today announced solid third quarter profits, helped by improvements in the Rotterdam and Singapore bunker markets.
Bunker barges in Paranagua mobilised to assist spill clean-up Bunker barges in the port of Paranagua have been mobilised to assist in a bunker spill clean up operation after a chemical tanker explosion in the port.
Britain pledges fight over EU ports directive OPPONENTS of the European Commission's renewed attempt to regulate port services have won a powerful ally, with Britain promising to use its European Union presidency beginning in January to mount a challenge to Brussels.
Georgiopoulos grabs Cofco bulker fleet THE long drawn out departure from the world of shipping by China's state-run food agency, China National Cereals, Oil and Foodstuffs Import and Export Corp (Cofco), is over with Peter Georgiopoulos of General Maritime fame paying $420m for 16 bulk carriers.
DNV lists detention causes FAULTY lifeboats, defective fire pumps, and corroded ventilation systems are the three most common reasons to detain a ship, writes Janet Porter.
Past crime haunts Barrot JACQUES Barrot's tenure as European Union transport commissioner begins under a cloud today following revelations last week that he was convicted by a French court for misuse of public funds, writes Justin Stares in Brussels .
Paranagua berths stay shut after tanker blast Three fuel berths including Petrolbras' at Brazil's main grain port of Paranagua remain inoperative in the aftermath of a deadly ship explosion last Monday, Reuters reports .
Hansa Shipping joins Aframax International A NEW member has joined the Aframax International tanker pool, which was founded by Overseas Shipholding Group and PDV Marina, writes Tony Gray.
Bergesen joins rush to refinance Bergesen, the leading Norwegian bulk shipowner acquired last year by Helmut Sohmen's World-Wide Shipping, is set to become the latest leading owner to refinance and consolidate existing debt at lower margins, writes Tony Gray.
Georgiopoulos in $420M bulker deal GENCO, a new private company led by General Maritime chairman Peter Georgiopoulos, has purchased the bulk carrier fleet of China's Cofco
Bid blocked, charges P&O Nedlloyd P&O Nedlloyd Container Line is suing the Port of Los Angeles accusing the mayor's office of blocking its bid for the so-called "green terminals."
STX Pan Ocean to be listed THE STX Group is planning an overseas listing of its new acquisition, the former Pan Ocean
Tianjin eyes box hub status TIANJIN port in northern China aims is aspiring for north-east container hub status and aims to expand capacity to handle 10M TEU annually by 2010
China to sustain 9% GDP growth CHINA'S booming economy, which has triggered the upsurge in world shipping, will grow by "around nine per cent" in 2004, Chinese President Hu Jintao has said
Paranagua terminals still closed PARANAGUA port head Eduardo Requiao has ordered that the Petrobras oil terminal and the Fospar fertiliser terminal must remain closed
Californian anti-congestion measures kick-in The number of containerships waiting to enter the ports of LA/Long Beach eased dramatically this week with only six vessels waiting at anchor today, all containerships, said the Marine Exchange of Southern California.
Australian importers attack container detention charges Carriers' efforts to keep in-demand containers moving have come under attack from transport groups in Australia, who are warning members they face significant financial penalties.
Zim and China Shipping to start direct Asia/Black Sea link
Dutch want Rottergate assurances before agreeing second Maasvlakte
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