Baltic Exchange launches Asian tanker route IN a bid to enhance its Asian coverage and boost its presence here, one of the shipping industry's oldest institutions - The Baltic Exchange - is sharpening its focus on tanker trades in this region in recognition of the growing importance of Asian shipping.
Move to promote tanker derivatives IN a bid to push along the growing market for freight derivatives following success in the dry cargo sector, The Baltic Exchange is actively promoting the use of tanker forward freight agreements , with a potential annual market turnover of US$66 billion.
P&O to cut fleet, up to 1,200 jobs BRITAIN's Peninsular & Oriental Steam Navigation Co will cut up to 1,200 jobs and slash services in a plan to salvage its money-losing ferry business, which has been hit by competition from low-cost airlines.
Relief for US ports won't come via Panama Canal
Strait Talk
Hard work ahead for ILO on seafarers' rights LAST Friday was the final day of a conference that was intended to prepare the ground for what is being described as a 'Seafarers' Bill of Rights' for some 1.2 million maritime workers.
Baltic Exchange launches Asian tanker route IN a bid to enhance its Asian coverage and boost its presence here, one of the shipping industry's oldest institutions - The Baltic Exchange - is sharpening its focus on tanker trades in this region in recognition of the growing importance of Asian shipping.
Move to promote tanker derivatives IN a bid to push along the growing market for freight derivatives following success in the dry cargo sector, The Baltic Exchange is actively promoting the use of tanker forward freight agreements , with a potential annual market turnover of US$66 billion.
P&O to cut fleet, up to 1,200 jobs BRITAIN's Peninsular & Oriental Steam Navigation Co will cut up to 1,200 jobs and slash services in a plan to salvage its money-losing ferry business, which has been hit by competition from low-cost airlines.
Relief for US ports won't come via Panama Canal
Strait Talk
Hard work ahead for ILO on seafarers' rights LAST Friday was the final day of a conference that was intended to prepare the ground for what is being described as a 'Seafarers' Bill of Rights' for some 1.2 million maritime workers.
Shipping urged to be 'Clean, Clever and Competitive' Cross industry group SEAaT calls on the shipping industry to embrace environmental legislation seeking to reduce emissions, but criticise legislators for ignoring innovative market based mechanisms.
Fujairah supply dates pushing into next week
Greece: Trader leaves
Hong Kong hamstrung by tight avails Resupply delays and holiday scuppers prompt supply.
Rotterdam holds firm
St. Petersburg player expands team and barge fleet After just over two years in the port, supplier reveals plans to more than double its barge capacity.
New Indian supplier to 'undercut competition by $30-40' A new supplier expecting to start supplying bunkers from its termiinal in Mundra, on the coast of the Western Gujarat state, has said it expects to be able to undercut state refiner by as much as $30-40.
Suppliers need incentives to overcome barge financing problems With the implementation of the MPA gate system for the phasing-out of single hull tankers in Singapore is set to come into effect in January 2005, local companies have called for incentives to encourage a speedy migration to a double hulled fleet.
US light crude breaks the $50 mark Continual concerns of supply disruptions finally push oil prices through the $50 "psychological" barrier, with analysts forecasting further bullishness.
P&O axes 1,200 jobs, four routes and eight ferries to reduce costs SOME 1,200 jobs are to go at P&O Ferries, after Britain's top ferry operator yesterday announced plans to axe four routes in a bid to cut costs by £55m a year.
Dover and Portsmouth weigh up impact FALL-OUT from P&O's decision will be widespread, and many of those affected were yesterday quick off the mark with comments on the issue.
Brittany Ferries ready to move in BRITTANY Ferries, P&O's principal competitor in the western and central Channel, revealed yesterday that it was ready to take over the operation of the British group's Le Havre-Portsmouth service from as early as the start of next year.
Fisher report on London too gloomy says Baltic chairman PETER Kerr-Dineen, chairman of the Baltic Exchange, has attacked the Fisher Report on the future of London's maritime cluster as being too gloomy and based on outdated statistics, and called for a regular dialogue between the UK government and the shipping services sector.
P&O: Numast 'shocked' by cuts P&O'S proposal to axe 1,200 jobs at its ferry division and transfer a further 350 positions "exceeded everyone's worst possible expectations," a spokesman at officers' union Numast told Fairplay this morning
P&O: flexibility is the key P&O Ferries has emphasised flexibility as the key to success for the future of its ferry operations.... Full story
InterSHIP gives first briefing EUROPE'S InterSHIP, the €38 project involving seven builders and the EC, is important for the survival of European shipbuilding, its chief executive told Fairplay today
New Sudanese oil export facility PEREMBA Construction, a wholly-owned subsidiary of the PECD Group, has won a $232M contract to build a marine export facility at Port Sudan
Gambling vessel tests luck SUNCRUZ Casinos may have lost a gamble by leaving its casino ship Surfside Princess in Port Canaveral during Hurricane Jeanne
Simon focuses on the Humber THE UK's Simon Group has reported an operating profit of £200,000 ($362,000) this year for its first results in its current structure, now focused on the River Humber
Port Canaveral channel still closed Entry channel remains closed to ship traffic pending completion of harbor surveys and repositioning of navigational aids.
Pensacola reopened | Charleston grounding
Hamburg Süd deploys new series of box ships
Dominican Republic out of trade deal
Paulson cuts NOL stake
Horizon Lines taps new finance SVP
Record cocaine haul for Coast Guard
New deputy executive director for Va. ports
Euro shippers call for end to carrier antitrust exemption
MEP's grill EC Commissioner elect Neelie Kroes New EC Competition Commissioner Neelie Kroes has assured the European Parliament that she will be an impartial referee in overseeing Europe's market place.
HK Government and industry reach haulage consensus Stephen Ip, Hong Kong's Secretary for Economic Development and Labour, met with industry representatives today to thrash out a way of reducing inland transport costs to the territory.
North American customs brokers form tri-nation alliance
Major job cuts in P&O Ferries The P&O fleet will be reduced from 31 to 23 ferries, 1,200 employees faces redundancy and four of 13 ...
Dag Schjerven to head new service company Dag Schjerven ' lately from ASSA ABLOY ' is appointed new President and Chief Operating Officer (CEO) of Wilh. Wilhelmsen's new amalgamated ...
Tanker/Cruise vessel collision sparks concern om maritime safety in Gibraltar On Sunday, the Greek tanker "Spetses" and the St Vincent & Grenadines-flagged cruise vessel "van Gogh" collided off Gibraltar. The ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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