S'pore set to host global marine insurance meet SINGAPORE's moves to attract more ancillary maritime services will get a boost when the foremost global platform of the marine insurance industry holds its annual convention here for the first time.
Aker Yards' Q2 profits dive 78% on poor sales AKER Yards AS, Europe's biggest shipbuilder, said second-quarter profit plunged 78 per cent as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry.
Higher steel prices hit Daewoo's July net DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said profit fell 44 per cent from a year earlier last month because of higher steel prices.
Lanka frees Indian ship held for snapping Internet cable SRI Lanka has freed an Indian cargo vessel it had suspected of severing the main submarine communication cable linking the island to the rest of the world because of a lack of evidence, the navy said yesterday.
Maersk first half profit seen up 11.5% SHIPPING and oil giant A P Moller-Maersk is expected to post an 11.5 per cent rise in half-year net profit excluding special items, thanks mainly to rising freight rates.
China Merchants to sell tanker business to parent CHINA Merchants Holdings Co Ltd said it would sell its oil tanker business to its parent for HK$1.31 billion to focus on its ports operations.
Air and Land Transport
Europe insurers want 'dirty bomb' exclusion EUROPEAN insurers are proposing excluding from aviation policies certain risks related to attacks that use chemical, biological or nuclear materials, German insurers and airlines said on Wednesday.
Russian papers blame terror for two plane crashes
Manila to get US$1m ADB grant
Delta lenders ask for more time for debt waivers
Philippine Airlines chief calls it quits
Admiralty Casebook
Arbitrator's reasons admitted as evidence in appeal THE Small Claims Procedure of the London Maritime Arbitrators' Association requires parties to an arbitration to waive their rights of appeal, thus making it common for reasons for an award to be 'confidential' and 'privileged'.
S'pore set to host global marine insurance meet SINGAPORE's moves to attract more ancillary maritime services will get a boost when the foremost global platform of the marine insurance industry holds its annual convention here for the first time.
Aker Yards' Q2 profits dive 78% on poor sales AKER Yards AS, Europe's biggest shipbuilder, said second-quarter profit plunged 78 per cent as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry.
Higher steel prices hit Daewoo's July net DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said profit fell 44 per cent from a year earlier last month because of higher steel prices.
Lanka frees Indian ship held for snapping Internet cable SRI Lanka has freed an Indian cargo vessel it had suspected of severing the main submarine communication cable linking the island to the rest of the world because of a lack of evidence, the navy said yesterday.
Maersk first half profit seen up 11.5% SHIPPING and oil giant A P Moller-Maersk is expected to post an 11.5 per cent rise in half-year net profit excluding special items, thanks mainly to rising freight rates.
China Merchants to sell tanker business to parent CHINA Merchants Holdings Co Ltd said it would sell its oil tanker business to its parent for HK$1.31 billion to focus on its ports operations.
Air and Land Transport
Europe insurers want 'dirty bomb' exclusion EUROPEAN insurers are proposing excluding from aviation policies certain risks related to attacks that use chemical, biological or nuclear materials, German insurers and airlines said on Wednesday.
Russian papers blame terror for two plane crashes
Manila to get US$1m ADB grant
Delta lenders ask for more time for debt waivers
Philippine Airlines chief calls it quits
Admiralty Casebook
Arbitrator's reasons admitted as evidence in appeal THE Small Claims Procedure of the London Maritime Arbitrators' Association requires parties to an arbitration to waive their rights of appeal, thus making it common for reasons for an award to be 'confidential' and 'privileged'.
S'pore set to host global marine insurance meet SINGAPORE's moves to attract more ancillary maritime services will get a boost when the foremost global platform of the marine insurance industry holds its annual convention here for the first time.
Aker Yards' Q2 profits dive 78% on poor sales AKER Yards AS, Europe's biggest shipbuilder, said second-quarter profit plunged 78 per cent as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry.
Higher steel prices hit Daewoo's July net DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said profit fell 44 per cent from a year earlier last month because of higher steel prices.
Lanka frees Indian ship held for snapping Internet cable SRI Lanka has freed an Indian cargo vessel it had suspected of severing the main submarine communication cable linking the island to the rest of the world because of a lack of evidence, the navy said yesterday.
Maersk first half profit seen up 11.5% SHIPPING and oil giant A P Moller-Maersk is expected to post an 11.5 per cent rise in half-year net profit excluding special items, thanks mainly to rising freight rates.
China Merchants to sell tanker business to parent CHINA Merchants Holdings Co Ltd said it would sell its oil tanker business to its parent for HK$1.31 billion to focus on its ports operations.
Air and Land Transport
Europe insurers want 'dirty bomb' exclusion EUROPEAN insurers are proposing excluding from aviation policies certain risks related to attacks that use chemical, biological or nuclear materials, German insurers and airlines said on Wednesday.
Russian papers blame terror for two plane crashes
Manila to get US$1m ADB grant
Delta lenders ask for more time for debt waivers
Philippine Airlines chief calls it quits
Admiralty Casebook
Arbitrator's reasons admitted as evidence in appeal THE Small Claims Procedure of the London Maritime Arbitrators' Association requires parties to an arbitration to waive their rights of appeal, thus making it common for reasons for an award to be 'confidential' and 'privileged'.
Staatsolie deal for Ventrin shares complete Trinidad and Tobago bunker supplier Ventrin Petroleum Company confirms Suriname's state oil firm and bunker supplier Staatsolie has bought stake in the company.
Bunker quality fuel available after refinery hiatus Stockpiling during summer shutdown complete at Moscow refinery, burgeoning exports of bunker quality fuel oil exports from Russia.
Tug strike averted, minimal disruption in Piraeus The Hellenic Refinery in Pireaus goes on strike as tug operators withdraw threat of industrial action
WFS issued with negative cashflow warning New York Stock Exchange-listed marine and aviation marketing group World Fuel Services warned over poor earnings per share and operational cashflow equilibrium.
Joint venture for giant Guangdong terminal project Construction of 2 million mt oil products storage and blending facilities in Zhuhai set for new partner, reports claim.
Berlian Laju eyes suezmax debut BERLIAN Laju Tankers is eyeing entry into the suezmax market as part of a $180m-$200m annual fleet expansion over a three-year period.
Concordia orders product pair Two panamax product tankers have been ordered by Concordia Maritime of Sweden against long-term charters to Fortum, the Finnish energy group, writes Tony Gray .
Tax breaks tied to jobs 'will hurt UK shipping' THE Chamber of Shipping has strongly rejected trade union demands for shipping tax breaks to be linked to job creation.
New Shell blow as $1.5bn claim backed A ROYAL Dutch/Shell subsidiary could be hit with a $1.5bn compensation claim from the Nigerian Ijaw tribe after the country's senate passed a resolution ordering the company's Nigerian unit to pay the claim.
CSCL newbuild skips transpacific and heads for Asia-Europe trades RAMPANT demand and tempting rates have enticed China Shipping Container Lines to switch the next containership to roll out of Samsung Heavy Industries to the Asia-Europe trade lane, not the transpacific as originally planned.
'Bomb joke' captain deported DEPORTATION and time already served was the sentence handed down yesterday to the master of a Turkish vessel who joked about having a bomb on his vessel
Have your say! HOW many seafarers are scared to report fatigue for fear of the consequences? Have your say to letters@fairplay.co.uk
Folkestone sold for £11M SEA Containers has sold the UK south east coast ferry port of Folkestone for £11M ($20M) to a Roger De Haan, owner of Saga, the travel provider for the over-50s
Union warns P&O on redundancies THE UK's Rail, Maritime and Transport Workers' union has 'urged' P&O Ferries not to act in haste over job losses on its services at Dover and Portsmouth
Lone Ranger heads for the hills AMERICAN Ranger, the second 'high priority' ship to leave Virginia's ghost fleet began its final journey this morning to be broken up at Esco Marine in Brownsville, Texas
China Merchants transfers tankers CHINA Merchants Holdings is to sell its fleet of seven Aframax tankers to affiliated company China Merchants Energy Transport Investment for HK$1.31Bn ($168M)
Miniace sues PMA The former head of the West Coast employers group is suing for wrongful termination. He seeks more than $1 million.
South Carolina refocuses port plans Growth plans have shifted more toward a container port in Jasper County because the planned terminal at a former naval base isn't big enough.
AP Moller lines get into position for W. African growth An inability for carriers to increase rates in the West African trades has seen Maersk Sealand and its sister company Safmarine re-construct its services with a view to cutting costs.
Dutch unions plan September protest Dutch labour, including dockers' unions, have agreed joint action, planned for September 20, in protest at deteriorating conditions on the day before the government's annual state of the union address.
More investors join CP Ships class action
CSCL chairman: Freight rates will go up by 10%
NZ lines in early rate rise notification
SITC to start additional SE Asia and China/Japan services
Josco orders two feeder box ships from Korean shipyard
Scandlines retains route on new terms Scandlines is to continue sailings on the route from Spodsbjerg to Taars (Langeland to Lolland) after a bidding round, where ...
Concordia orders ice-strenghtened Panamaxes for 10-year charters to Fortum Concordia Maritime has on behalf of a consortia, 50 per cent owned by Concordia, ordered two 75,000-DWT Panamax product ...
Crisis is over in Stolt-Nielsen The crisis is finally over for the hard hit Stolt-Nielsen group, but the head of the group and its ...
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