SembCorp Marine clinches long-term LNG fleet repair deal SEMBCORP Marine has made a breakthrough in repair contracts for LNG carriers, clinching a long-term deal from Australia's North West Shelf venture to repair and service its fleet.
Australia set to cut anti-trust immunity for liner shipping IN the latest international move against liner conferences, which allow shipping companies to either set prices collectively or at least discuss pricing, Australia looks set to restrict, if not abolish, anti-trust legislation immunity for liner shipping.
US port limbo frustrates retailers as holiday sales push nears AMERICA's retailers, gearing up for their annual sales push for the December holidays are being forced to wait longer than usual this year for Asian-made goods that - thanks to a backup of cargo ships, railroads and truck lines - are sluggishly making their way from ports to warehouses and ultimately, to shoppers.
World Fuel Services reports record quarterly earnings "We are continuing to execute our business plan and remain on track for a good year," says Chairman.
Crude stock recovery dents rally Unexpectedly large build in US stocks of crude deflates prices, despite alarming deficit in distillate inventories ahead of peak winter demand.
DOE/API: Distillates drop as others stocks recover
Holiday moves Piraeus prompt back a day
Korean players still suffering limited avails With low refinery stocks a recurring theme, suppliers await better times sometime next month.
Rotterdam steady, congestion persists
Singapore: Slack demand prompts bunker premium drop High prices and oversupply conspire to narrow the differential between cargo values and bunker prices.
EU move on criminal pollution penalties blocked Justice ministers from Greece, Cyprus and Malta have blocked a move by the EU to impose minimum criminal penalties for maritime pollution offences.
Grounded vessel leaking bunker fuel in Russian waters A grounded vessel has been leaking large amounts of bunkers, witnesses say no booms have been positioned.
Port of Rotterdam to boost fuel oil capacity Port of Rotterdam announces plans for increased storage and handling capacity to deal with booming Russian oil exports, with an emphasis on expanding fuel oil capacity.
EU power vacuum as Euro MPs ditch their support for Barroso THE European Union was left without an effective government yesterday after Euro MPs refused to back the new commission.
Wilhelmsen plans to flex its muscles after merger BARBER International and Barwil Agencies are set for an aggressive expansion after they have been merged as Wilhelmsen Maritime Services.
DSME denies investment in Korea Line was to fend off Golar DAEWOO Shipbuilding and Marine Engineering has denied that its recent investment in compatriot shipping line Korea Line was designed to fend off the acquisitive Norwegian John Fredriksen and his firm Golar LNG, who have built up a 30.56% stake in the firm.
ISMA simplifies membership criteria but insists standards remain intact THE International Ship Managers' Association is to "simplify" its famously tough quality-based entry criteria, in a bid to attract additional members.
Indonesia will not block VLCC sale INDONESIA'S new government led by President Susilo Bambang Yudhoyono will not scrap the sale of two VLCC by state owned oil and gas enterprise Pertamina to Frontline. Frontline is controlled by Norwegian tanker tycoon John Fredriksen
Industry leaders promote image IMO secretary-general head Efthimios Mitropoulos has declared that "shipping has an image problem"
Taiwan resumes US beef imports TAIWAN has lifted its ban on American beef imports, imposed last December, following Japan's recent decision to lift its ban
Bank and MarAd guarantee loans THE Export-Import Bank of the US has joined with the US Maritime Administration to guarantee working capital loans for domestic firms involved in ocean freight transport
US shortsea bill in pipeline THE 'Short Sea Shipping Tax Exemption Act' will seek to cure US tax issues curbing development in the sector
Everglades - new cruise terminal LARGER cruise ships and growing passenger loads have spurred Florida's Port Everglades to renovate Terminal 27 at a cost of $16.4M, to be completed in late 2008
NVOs to get confidential contracts Non-vessel-operating common carriers finally will be able to enter confidential contracts with customers under new rules proposed by the Federal Maritime Commission.
FMC issues NVO service contract proposals The Federal maritime Commission (FMC) issued a notice of a proposed rule (NPR) today that could see non-vessel operating common carriers (NVOCC) enter into confidential contracts within weeks.
EU Parliament wins battle of wills as Barroso withdraws commission In a dramatic speech to the European Parliament this morning EC president designate Jose Manuel Barroso withdrew his commission.
Shenzhen fuel quotas see cross-border trucking costs soar To cope with soaring fuel costs and a shortage in supply, filling stations in Shenzhen have imposed quotas to all drivers on diesel purchases.
Vessel shortage dampens charter market surge
Grand Alliance moves to replace fire damaged ship
No change in California congestion levels
TSK to launch a SE Asia/Middle East service
Hanjin adjusts services to avoid delay at Long Beach
More North Sea unrest The Norwegian Federation of Oil Workers' Unions (OFS) will end their strike in the North Sea at midnight as the ...
Nera to lead work on satellite transmissions Nera in Bergen will lead a consortium to develop next the generation of broadband transmissions of digital videos via satellite ...
EU lifts Aker Ostsee restrictions In a new move the European Commission has lifted the production limits imposed on the two Aker Ostsee yards, but ...
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