Call for urgent Indon action to curb piracy URGENT action by the Indonesian Navy is needed following a surge in violent pirate attacks in the northern Malacca Straits, the ICC International Maritime Bureau said ahead of its two-day piracy and maritime security conference in Kuala Lumpur this week.
Forum to ensure safer waterways urged COOPERATION among South-east Asian countries is helping stamp out terrorism in the region, but greater efforts are needed in many areas, such as ensuring that ships are safe, senior regional officials said.
Indian govt clears Maersk-Concor deal WITH the dust settling on the Indian general election, the winning Maersk-Concor bid has finally been given the green light by the shipping minister for the development and operation of the third container terminal at Jawaharlal Nehru Port .
Philippines struggling to meet ISPS requirements WITH only two days to go before the July 1 imposition of the new International Ship and Port Security Code, not a single Philippine port has fully complied with the requirements and only 67 per cent of ocean going Philippine vessels have been issued international security certificates.
Hyundai Merchant coal carrier runs aground A Hyundai Merchant Marine vessel carrying as much as 160,000 metric tons of coal ran aground about 290 km east of Singapore.
Ship Prices LONDON Clarkson plc, the world's largest shipbroker, and shipping companies such as Torvald Klaveness Group plan to start trading derivatives that hedge against secondhand-ship prices after they reached records this year.
Air and Land Transport
Boeing vows action on Airbus 'subsidies' THE chairman of US aerospace giant Boeing Co vowed in an interview with the Financial Times yesterday to take unspecified action on European government support for rival Airbus, but said it was in no one's interest to start a trade war.
It's do or die for UAL
Air NZ to refurbish 747s to attract premium customers
Call for urgent Indon action to curb piracy URGENT action by the Indonesian Navy is needed following a surge in violent pirate attacks in the northern Malacca Straits, the ICC International Maritime Bureau said ahead of its two-day piracy and maritime security conference in Kuala Lumpur this week.
Forum to ensure safer waterways urged COOPERATION among South-east Asian countries is helping stamp out terrorism in the region, but greater efforts are needed in many areas, such as ensuring that ships are safe, senior regional officials said.
Indian govt clears Maersk-Concor deal WITH the dust settling on the Indian general election, the winning Maersk-Concor bid has finally been given the green light by the shipping minister for the development and operation of the third container terminal at Jawaharlal Nehru Port .
Philippines struggling to meet ISPS requirements WITH only two days to go before the July 1 imposition of the new International Ship and Port Security Code, not a single Philippine port has fully complied with the requirements and only 67 per cent of ocean going Philippine vessels have been issued international security certificates.
Hyundai Merchant coal carrier runs aground A Hyundai Merchant Marine vessel carrying as much as 160,000 metric tons of coal ran aground about 290 km east of Singapore.
Ship Prices LONDON Clarkson plc, the world's largest shipbroker, and shipping companies such as Torvald Klaveness Group plan to start trading derivatives that hedge against secondhand-ship prices after they reached records this year.
Air and Land Transport
Boeing vows action on Airbus 'subsidies' THE chairman of US aerospace giant Boeing Co vowed in an interview with the Financial Times yesterday to take unspecified action on European government support for rival Airbus, but said it was in no one's interest to start a trade war.
It's do or die for UAL
Air NZ to refurbish 747s to attract premium customers
LA refinery 'upset' prompts price spike Prices climb by around $10 pmt as avails tighten on the back of unexpected halt in refinery resupply.
ARA facing 'big problems' as newbuilds arrive Ironically, the rush to prepare for future double-hull requirements could cause severe overcapacity towards the end of 2005, barge operator predicts.
New appointment for Tomen Toyota as agent retries
Gibraltar: Quiet start to week aides prompt supply
O.W. Bunker announce changes in Denmark, Singapore
Supplier exits sluggish Colombo market High freight rates and port costs prohibiting Sri Lankan bunker players from exploiting geographical location.
Chinese absence stalls August arbitrage take-up Predictions of continued weak Chinese demand sees fewer traders take up potentially lucrative arbitrage opportunities, say traders.
Singapore: Tougher regulations mean protection for buyers Because of its problems with corruption in the past and subsequent clean-up programme, Singapore now acts as a model for other major bunker ports to follow.
MAN B&W introduces new common rail medium speed diesel MAN B&W is now offering a new medium-speed, four-stroke marine engine, the 32/40CR, featuring common rail fuel injection
EU moves forward on marine emissions Council endores draft directive on marine fuel sulphur
Panama hits back at its critics over ISPS delays UNDER fire from shipowners, maritime lawyers and class societies, the Panama Maritime Authority has laid out its defence against heavy criticism of its implementation of the International Ship and Port Facility Security Code.
Piraeus will miss deadline despite Olympic clampdown PLANS to turn Piraeus into one of the most heavily-guarded ports on earth will not prevent the Greek port from becoming one of the highest-profile organisations to flunk compliance with the International Ship and Port Facility Security Code, it has emerged.
We want access to our profit, frustrated names tell Lloyd's NAMES are lobbying Lloyd's after realising they may be unable in 2005 to retrieve some of the profits they have made since the insurance market turned the corner.
Record tumbles as boxship orders exceed 50% of existing capacity INVESTMENT in containerships has smashed yet another record, with the total orderbook now standing at well in excess of 50% of existing cellular capacity.
Stelmar board bowing to pressure DIRECTORS of Stelmar Shipping say they will review options in the wake of the derailed OMI bid. The board "has authorised management and its financial advisors to review strategic alternatives for further enhancing shareholder value," said a statement released today
FBI warns of flotsam terror threat HOME-MADE mines may be floating in US waterways, according to an FBI bulletin issued last week and confirmed this morning by Coast Guard sources
Think of crew members after 1 July CREWS of ships visiting ports in the heightened maritime security environment after 1 July should be viewed as partners and not threats, says the IMO
SSOs prepare for questioning SECURITY officers on foreign-flag vessels destined for US ports should be prepared for rigorous questioning on and after 1 July, says US Coast Guard commandant
Hostage crew men alive THREE tug crewmen kidnapped by pirates in April are confirmed to be alive by special naval forces, but are still held by Abu Sayyaf terrorists in the Philippines
Yangtze feeder services risk UNAUTHORISED or disqualified ships and barges are reportedly operating on China's Yangtze river, defying a government crackdown and posing a risk to international lines
ACP re-thinks lane closures after serious delays Plans to close one lane of the Panama Canal next month have been shelved to avoid severe delays to vessels.
CP Rail turns to capacity allocation to manage volume growth Canadian Pacific Railway (CPR) has begun phasing in a rail capacity allocation system to better manage the sharp growth of import traffic from Asia on Canada's west coast.
EIB agrees EuroMax loan
Italian forwarder loses fight for survival
Russian Customs advises Chinese shippers to handle their own cargo
Torm buys secondhand product carrier Dampskibsselskabet Torm from København has purchased a five year old product carrier for a sum of USD 32 million (EUR ...
PGS flags out eight vessels Petroleum Geo Services (PGS) will flag out eight of the company's specialised seismic vessels to the Bahamas. The vessels are ...
Norwegian government stops North Sea strike An all-out strike on all production facilities on the Norwegian Continental Shelf was averted last week when the Norwegian ...
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