UK's shipping revenue seen way above '1b estimate THE financial contribution of maritime services to the United Kingdom's economy vastly exceeds researchers' estimates of 1 billion a year in foreign earnings, with a booming US$30 billion freight derivatives market and high ocean freight rates.
Shipowners call to intensify fight against piracy SWIFTER, stronger and more effective action by the littoral states in fighting piracy in the Malacca and Singapore Straits was called for by the Federation of Asean Shipowners' Associations during its annual meeting here last week.
India to spend US$17b on infrastructure INDIA's government plans to spend at least US$17 billion to upgrade roads, airports and ports by 2010, in an effort to make it easier for exporters to do business in Asia's fourth-biggest economy.
NOL sells stake in Philippine inter-island cargo operator
Port Shots
US$155m tanker loan to Oman, Mitsui THE Omani government and Mitsui OSK Lines Ltd, Japan's second-largest shipping company, have received a US$155 million loan to finance the purchase of a liquefied natural gas tanker.
UK's shipping revenue seen way above '1b estimate THE financial contribution of maritime services to the United Kingdom's economy vastly exceeds researchers' estimates of 1 billion a year in foreign earnings, with a booming US$30 billion freight derivatives market and high ocean freight rates.
Shipowners call to intensify fight against piracy SWIFTER, stronger and more effective action by the littoral states in fighting piracy in the Malacca and Singapore Straits was called for by the Federation of Asean Shipowners' Associations during its annual meeting here last week.
India to spend US$17b on infrastructure INDIA's government plans to spend at least US$17 billion to upgrade roads, airports and ports by 2010, in an effort to make it easier for exporters to do business in Asia's fourth-biggest economy.
NOL sells stake in Philippine inter-island cargo operator
Port Shots
US$155m tanker loan to Oman, Mitsui THE Omani government and Mitsui OSK Lines Ltd, Japan's second-largest shipping company, have received a US$155 million loan to finance the purchase of a liquefied natural gas tanker.
Titan mulling land-based Singapore terminal Bunker and cargo trader in discussions with Singapore authorities over land-based fuel oil storage that would put group in the league of independent storage operators Tankstore and Oiltanking.
Engine manufacturers targeting emission reductions Major manufacturers of marine engines say that environmental issues are a key driver behind development work, with some hailing dual-fuel engines as the way forward on emission reductions. | In Full |
Oil market players bearish for week ahead Bearish forecast outweighed today by temporary loss of North Sea production.
IFO spread opens with return of Suez avails Demand has yet to respond to improved demand in Egyptian ports.
Oil export backlog forming at Russian ports Several thousand metric tones of oil and oil products stuck on rail cars going to key Russian export ports.
Rotterdam prices easing Monday
December squeeze expected for Singapore bunker market Exceptionally low flow of fuel oil cargoes into Singapore anticipated to keep bunker market tight through till January, when more cargoes are expected.
Athos spill: river traffic underway VESSEL traffic is resuming today on the lower Delaware River on a "ship by ship" basis as environmental teams continue clean-up efforts after the Athos I spill
CalMac considers agency seafarers SCOTTISH state-owned ferry operator CalMac is considering the use of agency seafarers in its bid for the 26 routes offered by the Scottish Executive next year
Beijing limits scope of HK, Zhuhai Macau Bridge connections The bridge linking Hong Kong, Macau and Zhuhai in the Pearl River Delta (PRD) will neither have a landing point in Shenzhen, nor will it include a rail line.
China sets out 45-year rail freight development plan
Viken Shipping sells six product tankers Viken Shipping in Bergen has sold six product tankers to Tanker Pacific for just below USD 145.0 million with charter ...
Better third quarter for DFDS Group DFDS Group had a healthy third quarter with increased profit, fewer passengers and more goods. The revenue was up 10 ...
National Oilwell sells TTS Marine shares Norwegian based fund managers have bought National Oilwell's 35.61 per cent (5.8 million shares) of TTS Marine in Bergen at ...
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