IMO to hold high-level meet on straits security WARNING of the immense costs resulting from any closure of the straits of Malacca and Singapore, the International Maritime Organisation is convening a high-level conference in Jakarta next year focusing on threats to the waterways.
PSA bids for Gujarat port project: report PSA International appears to be taking another stab at securing a stake in an Indian port venture with the submission of a financial bid for Royal Dutch Shell's proposed LNG and dry cargo port project in Gujarat.
China must liberalise intra-port policy to develop hub: lines CHINA should end its ban on overseas vessels carrying containers between Chinese ports to enable Shanghai to become a proper international hub, according to some of the world's biggest container shipping lines.
Strait Talk
First teach them lane discipline in the strait NEWS that the International Maritime Organisation plans to convene a high-level conference in Jakarta next year to 'consider ways and means of enhancing safety, security and environmental protection in the straits of Malacca and Singapore', is certainly welcome.
Port Shots
Posco to buy 2.2% of Korea Line Posco, South Korea's biggest steel maker, said it will buy 2.2 per cent of Korea Line Corp, in a move that may help the shipping line fend off any takeover attempt by the UK's Golar LNG Ltd.
IMO to hold high-level meet on straits security WARNING of the immense costs resulting from any closure of the straits of Malacca and Singapore, the International Maritime Organisation is convening a high-level conference in Jakarta next year focusing on threats to the waterways.
PSA bids for Gujarat port project: report PSA International appears to be taking another stab at securing a stake in an Indian port venture with the submission of a financial bid for Royal Dutch Shell's proposed LNG and dry cargo port project in Gujarat.
China must liberalise intra-port policy to develop hub: lines CHINA should end its ban on overseas vessels carrying containers between Chinese ports to enable Shanghai to become a proper international hub, according to some of the world's biggest container shipping lines.
Strait Talk
First teach them lane discipline in the strait NEWS that the International Maritime Organisation plans to convene a high-level conference in Jakarta next year to 'consider ways and means of enhancing safety, security and environmental protection in the straits of Malacca and Singapore', is certainly welcome.
Port Shots
Posco to buy 2.2% of Korea Line Posco, South Korea's biggest steel maker, said it will buy 2.2 per cent of Korea Line Corp, in a move that may help the shipping line fend off any takeover attempt by the UK's Golar LNG Ltd.
IMO to hold high-level meet on straits security WARNING of the immense costs resulting from any closure of the straits of Malacca and Singapore, the International Maritime Organisation is convening a high-level conference in Jakarta next year focusing on threats to the waterways.
PSA bids for Gujarat port project: report PSA International appears to be taking another stab at securing a stake in an Indian port venture with the submission of a financial bid for Royal Dutch Shell's proposed LNG and dry cargo port project in Gujarat.
China must liberalise intra-port policy to develop hub: lines CHINA should end its ban on overseas vessels carrying containers between Chinese ports to enable Shanghai to become a proper international hub, according to some of the world's biggest container shipping lines.
Strait Talk
First teach them lane discipline in the strait NEWS that the International Maritime Organisation plans to convene a high-level conference in Jakarta next year to 'consider ways and means of enhancing safety, security and environmental protection in the straits of Malacca and Singapore', is certainly welcome.
Port Shots
Posco to buy 2.2% of Korea Line Posco, South Korea's biggest steel maker, said it will buy 2.2 per cent of Korea Line Corp, in a move that may help the shipping line fend off any takeover attempt by the UK's Golar LNG Ltd.
China understating oil demand says Merrill Lynch China's demand for fuel oil and diesel will remain robust in the next couple of years because of an electricity shortage, says 124-page report.
Petrobras: Rio IFO380 supplies at weekend, IFO180 dry
Reports: Lanka IOC to invest $15m in new bunker terminal Sri Lankan daily reports that Indian Oil Corp. subsidiary is planning to build new bunker storage tankfarm.
Five companies hit by negligence fines in Paranagua Five companies hit by minimum fines of $2.3 million for failing to take effective steps following the explosion of the Chilean chemical tanker Vicuna last week.
West to East arrivals for January expected to exceed 2.5 mil mt Traders in Asia are expecting fuel oil arrivals in January to exceed 2.5 million metric tonnes as players take advantage of wide price differentials.
US: Record $10 million fine imposed on barge owner after spill A federal judge this week approved a record-breaking $10 million fine on a New York based barge company after it was found guilty of negligently causing a spill of bunker C fuel oil.
Fire extinguished on General Maritime aframax CREW members have successfully extinguished a fire aboard General Maritime's GenMar Progress which broke out today in the accomodation.
CMA CGM quartet in 1,000 teu stretch CMA CGM is to acquire some of the largest containerships in the world at a bargain price by 'jumboising' four super post-panamaxes that are currently on order.
Posco tries to keep Fredriksen at bay by grabbing Korea Line stake KOREAN players seem determined to stave off John Fredriksen's acquisitive gaze at Korea Line, with another leading member of the corporate establishment buying shares in the anxious shipping company.
NSL puts bonny new company on Clyde MERSEYSIDE-based Northwestern Shiprepairers (NSL) has expanded its operations into Scotland with a new subsidiary company based at the Inchgreen shipyard on the Clyde.
MBC orders four tankers from Dalian THE Robert Kuok-owned Malaysia Bulk Carriers has opted to head for northern China for a set of double hulled product carriers. MBC is paying $130m for four 35,000 dwt ships to be built at Dalian Shipyard.
Rotterdam tanker dues legal fight ROTTERDAM is locked in a legal battle with its oil major customers who are claiming repaid port dues of up to €300m ($390m), in a Dutch court case that could set an uneasy precedent for port authorities worldwide.
Ship Finance buy-back spree FRONTLINE 's tanker owning subsidiary Ship Finance International has wasted no time in implementing its newly approved share buy-back programme, writes Tony Gray .
Zim earns $39m in third quarter ZIM Integrated Shipping Services posted a third-quarter profit of $39m, parent company Israel Corp said yesterday, writes Janet Porter.
Transpetrol in buyout TANKER operator Transpetrol has bought out the 50% stake held by Barber International in their Sandefjord-based shipmanagement joint venture, Transpetrol ITM, writes David Osler.
Fire aboard fully-loaded tanker A FIRE broke out in the accommodation area of the 96,765dwt tanker GenMar Progress at 1320 UTC today after the vessel exited the Dardanelles Strait
Dhamra faces green resistance GREENPEACE and the Central Empowered Committee of India's Supreme Court have opposed the Dhamra port project on environmental grounds
US bill holds threatend tariffs THREATENED tariffs against the US were forestalled when Congress approved a 'catch all' trade bill in a session that addressed such issues as US anti-dumping laws
P&O Nedlloyd sues LA port Carrier in petition charges aide to Los Angeles Mayor James Hahn intervened to keep them from receiving a lucrative harbor lease.
Tentative deal in UPS Canada strike Strike by 3,800 employees began Monday, interrupting shipments.
CMA CGM orders 9,000-TEU ships
New EU trade chief urges effort on accord
Lardy headlines JoC China Trade & Logistics Conference
Patrick flays ACCC over stevedoring position Patrick chief Chris Corrigan has attacked the Australian Competition and Consumer Commission (ACCC) over 'misleading and deceptive' claims about a supposed loss of waterfront reform momentum.
New member lines boost EWATA ranks
Derailment hits Australian east-west rail services
APMT secures Tangier concession
OOCL protects winter schedules with fifth Baltic vessel
Inefficient rail and high road tolls push China logistics costs up
Making his list Stelios Haji-Ioannou is drafting a list of board nominees just in case there is no Stelmar sale.
CP Ships takes second try at 20-year notes Embattled company has reactivated registration of bonds issued in February but sidetracked by accounting troubles.
LauritzenCool wins ruling Reefer operator accused of illegal cartel activity secures injunction to retain high specification vessels in pool.
Tanker fire extinguished Blaze in the accommodation of the laden aframax Genmar Progress doused by crew.
Fesco lines pockets Russian containership line increases profits again in the first nine months of the year.
STX ready to sell Pan Ocean Korean shipbuilder and affiliates to reduce stake in recently acquired bulker owner by nearly half.
LGR splashes out on water Italian tanker owner Carlo Pontecorvo buys mineral water company Italaquae.
Bharati looks to raise $18m Private Indian shipyard will float 55% of the company in next month's IPO.
American Club opts for 10% Market level increase seen as sufficient after members hit with $25m cash call.
It's a family affair The junior Georgiopouloses and Stolt-Nielsens engage in a bit of share trading.
MBC augments tanker fleet Robert Kuok-controlled Malaysian owner has ordered four products carriers at Dalian Shipyard in China.
Aker Langsten avoids lay-offs Outfitting work for Volstad will keep workers at Norwegian yard for Christmas.
Posco buys shipping stake Top steelmaker moves to strengthen Korea Line's defence against John Fredriksen.
Groundings in Baltic weather A local tug and an AM Nomikos bulker are in trouble off Gotland.
Sasebo still ahead First-half profit wipes away red ink at Japanese yard, but second quarter saw a dip.
"Rocknes" pilot not to blame for accident An internal investigation in the Norwegian Coastal Administration (Kystverket) after the "Rocknes" accident does not blame the pilot for the ...
Barber leaves Transpetrol ITM Barber, the Wilh. Wilhelmsen ship management arm, is to leave the joint venture with Belgian Transpetrol, Transpetrol ITM, but will ...
"Dane" picks up Dane in Norwegian waters The Danish owned "Esvagt Connector", now under Norwegian flag and in bareboat charter to Kystvakten in Norway, was acting as ...
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