Oil prices fall as latest US data ease supply fears High-flying oil prices took a step down from the stratosphere they have been flying in lately as the latest US government data eased fears of a supply shortage. While distillates fell more or less in line with expectations, a sharp boost in crude imports helped inventories recover from a 28-year low.
Latest DOE & API data at a glance
ARA region: Demand remains low as prices power lower
O.W. Bunker & Seka to cooperate at Crete bunker station Following an agreement with Seka S.A., O.W. Bunker Malta Ltd. will be using Seka's Kali Limenes installation to store cargoes and supply all grades of marine fuels and marine gas oil from the bunker station located south west on the island of Crete. The two companies hope the cooperation will increase competitiveness and attract a wider customer base.
Italian bunkers continue trouble free run
Rotterdam market in solid contango as January prices ease
Stelios confirms his cruise ambitions STELIOS Haji-Ioannou has re-affirmed his commitment to entering the cruise business through his easyGroup of companies, writes Tony Gray.
Entente cordiale for IMO and Brussels AS THE International Maritime Organization and the European Union announced new heights in their mutual understanding, the European Commission served notice that it will push for rapid adoption of new rules on places of refuge.
Festival hopeful of 11th-hour bank deal to sort out debts FESTIVAL Cruises was refusing to throw in the towel yesterday, despite the arrest in the Caribbean on Wednesday of the third of its three Alstom-built ships, the European Vision.
Tanker rates soar as oil trio dominate chartering EXXONMOBIL, Indian Oil Corp and Stasco dominated chartering of very large crude carriers on Wednesday, further tightening the market, pushing rates higher and leaving few available large oil tankers for February loadings, writes Martyn Wingrove.
De Palacio warns EU laggards EUROPEAN member states risk being hauled in front of the European Court of Justice next month if they do not fully implement provisions for places of refuge
Marad urges tariff reductions MARAD and the US State Department have asked the Federal Maritime Commission to consider favourably petitions from three Chinese-flag carriers over tariff reductions
Scots demand better protection A SCOTTISH delegation will next week urge the UK shipping minister to tighten safety rules after the sinking of the Jambo and its cargo of zinc sulphide last year
ISPS not an option, delegates told "COMPLIANCE with the ISPS code is not an option for any shipping company trading in international waters," delegates at a course on the ISPS code were told
DML delays on Appledore deal DML is on the brink of buying Appledore Shipbuilders, the UK shipyard that went into receivership last September, but it could take weeks for a deal to be signed
Eurocrats signal reshuffle ahead RUMOURS in Brussels suggest top level appointments, including the commissioner responsible for transport policy, may be coming up for grabs in the near future
EU wants to extend shipyard aid European Commission proposes March 2005 extension for handouts as it pursues WTO complaint against South Korea shipbuilders.
Lower yields hit KLM cargo profits Operating earnings fell to $30.2 million in the third quarter from $40.3 million a year ago on lower yield, revenues.
WMD expert Nacht to speak at TPM conference
DHL could quit Belgium over noise regs
CN strike threatens intermodal hub
British Airways chooses Americas VP
Salvors group offers to aid port security planning
Horizon Lines, Microsoft team up on Hawai'i services
More strike misery for CN on the cards Some 6,000 Canadian National Railway (CN) workers across the country are threatening to strike at midnight tonight if last-ditch negotiations fail to produce a collective agreement.
FMC takes on China issues The Federal Maritime Commission (FMC) has just opened Chinese-related issues including easing tariff restrictions on Chinese carriers, providing alternatives to China's bonding requirements and evaluating Chinese policies and procedures.
Tree beetles leave CP Ships vessel high and dry as Aussie authorities banish the Auckland
Star Shipping moves 60,000TEU from ECT Home to Interforest
Kandla Port invites fresh bids for container terminal
Malmstr'm offers blueprint for European railways
Box salvaged from North Sea as insurer warns 'too many lost overboard'
ICF announces Almhult-Herne link
New Delhi considers extending BOT concession periods
Shenzhen development will see PRD ports surpass HK
European ports urged to look out for ship which sank French trawler
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