Qatar to spend US$15b to bolster LNG tanker fleet GAS giant Qatar will spend US$15 billion over the next five years to add 70 vessels to its fleet of tankers to export more liquefied natural gas , Oil Minister Abdullah al-Attiyah said.
Hutchison's port unit posts 17% gain in '04 earnings HUTCHISON Whampoa Ltd, the world's biggest port operator, said earnings from its container terminal business rose 17 per cent last year after rising trade boosted cargo volume.
Philippines port operator ICTSI's profit doubles in '04 DOUBLE-DIGIT growth in container cargoes handled by subsidiaries in Brazil and Poland pushed earnings of the Philippines' largest port operator to a record high last year.
Japanese bunker trader changes name, looks to cargo market Bunker trader looks to broaden its fuel oil business in the domestic spot market to utilise excess residual oil supply from parent company. | In Full |
SK Corp to begin 1,000 cst HSFO exports to Singapore Triggered by widening gasoil/fuel oil spread, Korean refiner hopes to gain by blending less gasoil into its high viscosity HSFO pool and offloading excess product. | In Full |
Petroplus trims bunkering interest with sale of SBI stake Petroplus, which owns ARA-based bunker players Frisol and North Sea Holding, has sold its 50% stake SBI, held through the North Sea Group. The move is seen as part of the Petroplus buy-out process. | In Full |
ARA barge market little changed, loading delays in Rotterdam
Shell joins 500 cst league in Singapore Another major reportedly joins those offering the increasingly popular 500 centistoke fuel oil grade in the world's largest bunker market. | In Full |
Singapore: Residual fuel and distillate inventories fall
Prosecution seeks appeal after pollution acquittal Brest public prosecutor is to appeal against the court's decision to acquit the Atlantic Hero's master, who was accused of deliberately causing pollution at sea. | In Full |
Selandang Ayu captain admits to lying The Indian captain of Malaysian-flagged cargo ship Selandang Ayu which ran aground off the coast of Alaska creating both human and environmental disasters is expected to plead guilty to lying to investigators. | In Full |
Vancouver: Shipping sector to help form emissions action plan The Greater Vancouver Regional District will meet tomorrow to form a workshop on reducing marine related exhaust emissions in the region. | In Full |
Shell Trading denies reports of disciplinary reshuffle STUSCO, Shell's US-based trading arm, denies press claims that employees were terminated, transferred or disciplined as a result of trading activities in the fuel oil market. | In Full |
Houston security charge added to bunker deliveries
Car carrier ablaze in Mediterranean A WALLENIUS vessel is on fire off the coast of Greece, with the crew preparing to abandon the ship.
P&O Nedlloyd deserts Japan in super post-panamax order CONTAINERSHIP operator P&O Nedlloyd has turned its back on Japan by ordering five super post-panamax vessels in Korea in a deal estimated to be worth $600m.
'Leper ships' fear stoked by EU plans PLANS by the European Union to introduce a new tier of compulsory ship insurance could lead to the creation of "leper" ships, doomed to wander unwanted from port to port, an industry association has warned.
Chipper and Wonsild join forces in new Danish tanker giant DANISH shipping added a new force to its clutch of industry heavyweights yesterday with the consolidation of Bahamas-registered Clipper and Copenhagen owner Wonsild's tanker operations into a new parent company.
Strike call goes out to French crews FRENCH seafarers' unions have issued a new strike call to coincide with the expected return to the French senate of the Bill creating a new international register, writes Andrew Spurrier in Paris.
Prestige saga destined for the big screen HOLLYWOOD has been buzzing over the past week with speculation that production is planned on an all-star disaster film based on the Prestigetanker accident.
Møller exceeds $4Bn net profit AP MØLLER-Maersk increased its net profit by 41% to DK24.3Bn ($4.24Bn) last year, helped by strong earnings from its shipping division
Car carrier Aniara crew evacuated THE crew of the Wallenius Lines pure car and truck carrier Aniara were taken to shore by helicopter today after they were unable to extinguish an engine room fire
Selendang captain does plead guilty FIRST, he lost his ship, then six of his crew during a failed rescue and now Capt. Ash Bhushan Singh, late of the Selendang Ayu, has pleaded guilty to misleading investigators
Record profit for Maersk Sealand parent Profit for world's largest container carrier more than doubled to $1.5 billion from $678 million despite higher charter costs, weak dollar.
Hutchison terminals see volumes and profits soar Hutchison Whampoa (HWL) group MD Canning Fok said today that the group is satisfied with the growth rate of its port business in Hong Kong.
Major blow as Melbourne channel-deepening halted Shipping and import/export communities have been quick to express anger over a Victoria Government decision to postpone Melbourne channel-deepening while further environmental and technical studies are undertaken.
UP investments aimed at solving last year's capacity failures Union Pacific Railroad (UP), one of two major intermodal railroads serving western and central US, is spending US$1.3billion this year on track improvements.
APMM Group results within consensus, but 2005 outlook flat
European lines seek Ningbo Port co-operation
P&O vent chagrin as Delhi approves second Chennai terminal
Rottergate banks take claims to court
Algeciras starts customer campaign, after TCB exit from public terminal
Record order book at Aker Yards Aker Yards has received confirmed orders for a total of NOK 6.2 billion (EUR 757.4 million) during the first quarter ...
Transatlantic back on the exchange The wellknown Swedish shipowning name Transatlantic is back on the Stockholm stock exchange after the merger of B&N Nordsjöfrakt ...
Astronomic profit for A.P. Møller-Mærsk A. P. Møller-Mærsk A/S went through the roof once again with a new record high profit in 2004 ...
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