New China law aims to woo more foreign port investments A NEW law governing development of China's ports is now in effect, intended to give clear guidelines to encourage overseas and domestic investors and provide protection to investors' legal rights and interests.
S Korean govt privatises Busan container port IN a bid to make Busan more competitive the South Korean government has privatised the country's largest container port as part of its ambitious goal to become the main hub port of North-east Asia.
EU pushes for stiff penal sanctions for ship-source pollution, accidents SHIPOWNERS are watching closely, and with some concern, plans by European legislators to introduce stiff penal sanctions for ship-source pollution and accidents.
China develops vessel that prevents nausea NEW Century 1, the first round-the-clock 'seasickness free' vessel developed by China, was delivered to its owner on Jan 10, to provide accommodation for the offshore oilfield staff in China's Bohai Sea, according to the latest edition of China Ocean News.
Air and Land Transport
New EU air travel rules may face legal challenge A new European Union law increasing compensation that airlines must pay passengers bumped off flights faces a possible legal challenge from a group established yesterday to represent no-frills carriers.
Boeing CEO may turn to Asia to improve demand for orders
China purchases will boost Airbus' market share: Hu
New China law aims to woo more foreign port investments A NEW law governing development of China's ports is now in effect, intended to give clear guidelines to encourage overseas and domestic investors and provide protection to investors' legal rights and interests.
S Korean govt privatises Busan container port IN a bid to make Busan more competitive the South Korean government has privatised the country's largest container port as part of its ambitious goal to become the main hub port of North-east Asia.
EU pushes for stiff penal sanctions for ship-source pollution, accidents SHIPOWNERS are watching closely, and with some concern, plans by European legislators to introduce stiff penal sanctions for ship-source pollution and accidents.
China develops vessel that prevents nausea NEW Century 1, the first round-the-clock 'seasickness free' vessel developed by China, was delivered to its owner on Jan 10, to provide accommodation for the offshore oilfield staff in China's Bohai Sea, according to the latest edition of China Ocean News.
Air and Land Transport
New EU air travel rules may face legal challenge A new European Union law increasing compensation that airlines must pay passengers bumped off flights faces a possible legal challenge from a group established yesterday to represent no-frills carriers.
Boeing CEO may turn to Asia to improve demand for orders
China purchases will boost Airbus' market share: Hu
Weather affecting US East Coast markets, demand remains healthy Weather conditions on the US East Coast are having a clear impact on the region's bunker markets this week. Some suppliers in New York in fact had closed their offices today due to the bad weather, leaving their traders to work from home. There are of course more market-related effects of the recent adverse weather...
US crude stocks hit fresh 28-year low, distillate stocks healthy US commercial stocks of crude fell by 1.5 million barrels to a fresh 28-year low last week according to the latest data from the US Department of Energy. Despite a sharp draw, the DOE said stocks of heating oil are sufficient to cover demand through the rest of the winter.
Australia: Port Kembla fire not seen spreading to bunker tanks Port Kembla south of Sydney, Austrlia, was rocked by a massive explosion this morning when a storage tank containing seven million litres of ethanol exploded. The fire posed a grave danger to adjacent tanks, of which at least one is filled with marine fuel oil.
New Saudi posted prices, Red Sea ports remain tight
Selection of the latest DOE & API data
Big personnel move as EMMF announces strategic relocation Today's announcement means a mass exodus of EMMF traders from Leatherhead (UK) to Antwerp (Belgium) is imminent.
Greek refinery stock-take interrupts Piraeus prompt A scheduled stock take by refineries in Piraeus may affect prompt supplies in the port until after the weekend.
O.W. Bunker announces new general manager in Germany
Bird flu takes toll on reefer volumes SHIPPING lines are feeling the impact on reefer container volumes from Thailand as the bird flu sweeps across Asia.
Threat to all Asia's poultry exports THE spread of the highly pathogenic Avian influenza, or bird flu, in several parts of Asia, not only poses a threat to human health but could also devastate major poultry exporters such as China, Hong Kong and Thailand, international experts have warned.
Mitropoulos and Patten throw their weight behind bid to win freedom for Karachi Eight INTENSIVE lobbying on behalf of the 'Karachi Eight' continued this week, with meetings between the ship's insurer, the American Club, and International Maritime Organisation secretary-general Efthimios Mitropoulos and London-based Pakistani diplomats.
Festival battles on despite new arrests FESTIVAL Cruises continued its resistance yesterday to the Alstom group and other owner-investors who have immobilised three of its cruiseships in the last two weeks, following what appears to have been a partly successful appeal to a Marseilles court.
Tanker spills oil at Azov sea port ONE tonne of oil spilled this afternoon at the Russian port of Kavkaz on the Kerch Strait that divides the Sea of Azov and the Black Sea
V. Ships expands Hamburg team SHIP manager V. Ships has appointed former Orion Schiffahrts technical director Allan Hansen to the position of MD at its Hamburg office
Gdansk box terminal wins approval POLAND finally gave the green light today for the construction of a container terminal at the port of Gdansk
German ports fear plant guidelines GERMANY'S main ports are concerned that an EU Commission initiative to protect nature reserves will scupper expansion plans
Festival compensation falls short A court in Marseilles, France has granted Festival Cruises compensation of €300,000 ($377,000) following the arrest of its Mistral
Izar unions gather at Madrid HQ SPANISH shipyard workers gathered outside Izar's head offices in Madrid today in the first of a wave of new protests that will end with 24-hour strike action on 5 March
Customs taking integrated approach implementing increased box security Agency plans to link information technology with Container Security Initiative, other programs, to protect global supply chain.
ILA, employers want pact by March 31 Longshoremen, employers eye new contract six months before the current pact expires.
Vessel value marker for PONL refinancing deal The 14 ships to be re-financed by P&O Nedlloyd this year will provide returns for a €200million (US$252.82) closed fund in Germany, in a charter-rates deal based on the ships' value.
Tonnage-scarcity prompts record week's jump in charter index Even with the disruption of Chinese New Year last week, the charter market has seen its biggest single weekly jump, as rates surged 3%, driven by continuing lack of capacity.
Chassis safety programme announced by USDOT
Seven on Cochin transhipment terminal shortlist
Return to professional haulage companies says Malaysian trucker association
Intermodal income holds up CN revenues
HGK to launch third international block train
Rhenus takes remaining 50% in Unikai ports on the Rhine
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