Marine sector revenues up 40% to record $5.3b ONCE written off as a sunset industry, Singapore's marine industry saw total revenues rise 40 per cent last year over 2003, reaching a record $5.3 billion, according to the Association of Singapore Marine Industries .
Global focus in Nor-Shipping meet THE Nor-Shipping 2005 conference this month will focus on the role of the industry in fuelling the world's prosperity, with the theme of 'Shipping: Moving the global economy forward'.
Strait Talk
It's time to reassert the IMO's authority A FEW weeks ago the European Commission sabotaged an attempt by Denmark and the United Kingdom to initiate action by the International Maritime Organisation on an important safety issue.
Marine sector revenues up 40% to record $5.3b ONCE written off as a sunset industry, Singapore's marine industry saw total revenues rise 40 per cent last year over 2003, reaching a record $5.3 billion, according to the Association of Singapore Marine Industries .
Global focus in Nor-Shipping meet THE Nor-Shipping 2005 conference this month will focus on the role of the industry in fuelling the world's prosperity, with the theme of 'Shipping: Moving the global economy forward'.
Strait Talk
It's time to reassert the IMO's authority A FEW weeks ago the European Commission sabotaged an attempt by Denmark and the United Kingdom to initiate action by the International Maritime Organisation on an important safety issue.
Malaysia re-states opposition to private anti-piracy escorts Officials make it clear that private security services for Malacca Straits shipping will not be tolerated.
High marine fuel costs help sink company Company files for bankruptcy citing high fuel costs and other factors for the company's mounting debts and lack of prospects for recovery.
Japan: April bunker sales down both on month and year
MSP joins campaign against STS oil transfer plans A Member of the Scottish Parliament (MSP) has backed Fife Council's campaign against plans for a large-scale ship-to-ship (STS) oil transfer operation the Forth.
Green shipping champion showcases futuristic vessel Green shipping champion Wallenius Wilhelmsen (WW) has designed a futuristic freighter using sun, wind and waves to propel it across the oceans, as the company believes that increasing environmental regulations and fuel costs will force the industry to come up with greener vessels.
US: ILMA revises code of ethics, creates industry task force The Independent Lubricant Manufacturers Association (ILMA) has revised its Code of Ethics and also created an industry task force to develop a product-testing program to improve the quality level of lubricants.
Singapore: Accreditation deadline today, no extensions given The deadline for meeting the requirements of Singapore's bunker supplier accreditation scheme is today, with a final batch of accreditations expected, sources say.
Hong Kong: High 380 cst premiums cool off in May Bunker fuel premiums for 380 cst were reported to have eased considerably in May compared to April.
Surge in oil output expected from SPC Singapore Petroleum Company (SPC) expects to increase oil output to more than 50,000 bpd from its Indonesian and Vietnamese fields within three years.
Frontline sees salvation in 'mega mergers' FRONTLINE has called for "mega mergers" to consolidate the fragmented tanker market, but the John Fredriksen company has lost patience with its reluctant bid target General Maritime.
Cosco sets sights on stake in Rotterdam terminal China's Cosco is eyeing a stake in Rotterdam's Euromax terminal, being built by local stevedore ECT and P&O Nedlloyd, if AP Møller-Maersk's takeover of the Anglo-Dutch line forces a change of ownership.
Aviation firm Avion spreads wings with Eimskip purchase AVION Group has moved into shipping and logistics with a Ikr23bn ($355m) acquisition of Icelandic company Eimskip from Burdaras, writes Martyn Wingrove.
Shipping heir plans a Paris match In a melding of two extremely wealthy worlds, hotel heiress and reality TV star Paris Hilton has announced her engagement to Greek shipping heir Paris Latsis, writes Namrata Nadkarni.
Frontline talks mergers FRONTLINE has warned against the current trend of fragmentation in the tanker shipping industry, and says the drive for economies of scale should result in 'mega mergers which we recently have seen in other parts of the shipping market.'
Pakistan claims $2Bn from spill PAKISTAN will launch a legal case against Polembros, owner of Greek Aframax Tasman Spirit, claiming $2Bn compensation for the oil spill from the tanker
Marina benefits from ISPS THE Philippines' Maritime Industry Authority said its revenues from shipping operations were boosted last year by fees related to the implementation of maritime security
PDVSA takes CITGO subsidiaries PDVSA, the Venezuelan state-owned oil group, will assume control of US-based CITGO International Latin America and Deltaven International
Canada tightens surveillance TOUGHER ballast inspections and increased aerial searches for oil spills are among the measures Canada will take under its new Ocean Action Plan
Frederik should be 'driven out' THE Indian Supreme Court monitoring committee on hazardous waste has recommended that the ex-Kong Frederik IX should be 'driven out' of Indian waters
MOL sets new Oakland gateway call Carrier launches new trans-Pacific service, Pacific Southwest Express, and replaces former lead call at Port of Los Angeles.
Trade players discount supposed 'non à la globalisation' The French referendum's 'no' vote was only partly motivated by fear of globalisation, and European leaders should not swing toward protectionism, partly because protectionist measures can be circumvented, argue analysts.
Cosco turns up heat under Euromax issue with expression of interest Cosco has added pressure to Rotterdam's Euromax issue by officially expressing 'distinct interest' in the facility, Rotterdam port alderman Wim van Sluis heard at Cosco's Beijing head office last Saturday.
Korean Shipowners' Association blames 'deteriorating' profitability for FEFC rise
SembCorp Industries 'keeping options open' on SembLog sale
Auckland volumes still struggling as takeover stalls
Kursiu Linija targets intra-Europe/deepsea combination
First lower Danube scheduled barge-service
PSA and Maersk Sealand eye Busan New Port
P&O Ports green-lights rail shuttle
ProLogis and TEDA establish bonded logistics park in Tianjin
Multinational 3PLs to help Chinese manufacturers participate more in supply-chain
Cosco facing profit drop Gloomy forecast on next year's earnings made by arranger of imminent IPO.
SFI spikes up Ship Finance International's aim to diversify appears to catch fire with Wall Street investors.
Veder orders in Italy Dutch gas tanker owner turns to partner's yard for high specification ethylene carriers for $150m deal
OMI ends El Paso tale Market sources say Stamford owner has extended or renewed five products carriers at better rates, including final pair redeliverd from Texas energy player.
Good times roll for Norden Danish shipowner scoops up nearly $1m a day profit as dry cargo boom continues.
SFI frosty on Frontline Ship Finance International looks for diversified growth and new investment opportunities as profit falls.
Volharding mulls yard closure Dutch shipbuilding group may shut down Eemshaven over uncertainties about 2006 orderbook.
SSN to borrow from state Polish yard needs loan to build new ships, some in Vietnam.
Turnover tonic for Wartsila Finnish ship engine maker expects 15% more cash in the till this year.
Five held in UK Svendborg cement carrier heads list of April detainees, with 28 deficiencies.
Nanjing charters Frontline VLCC Chinese importer fixes single hull tanker for five years in blurry market conditions.
Tokyo Tankers adds LNG ship Mitsui OSK Lines extends ownership co-operation to make quartet for Japanese utility.
Hamworthy heads upwards UK maker of LNG reliquefaction systems posts bigger profit in year to 31 March.
Samsung banks on blocks Korean shipbuilder eyeing second hull block factory in China.
Ship sale lifts Frontline Tanker behemoth sees net profits jump 30% in first quarter helped by suezmax disposal.
Freddie prefers firms to ships Frontline says corporate deals present "better opportunities" than purchases in the S&P market.
NOL volumes jump 14% Continued strong demand growth helps lift volume throughput at Singapore national flag carrier.
Ofers over the moon Sammy Ofer and family see Israel Corp profits soar in strong first quarter for box line Zim.
Numbers up at Nepline New ships plus stronger performance by chartering arm help lift profits at Malaysian tanker owner.
Sakhalin next for Consafe rig Consafe Offshore in Göteborg has signed a letter of intent with Samsung Sakhalin for a second accommodation and service vessel ...
"Norden" doubles first quarter profit Dampskibselskabet "Norden" made a profit of USD 80,4 million (DKK 472,9 million) in the first quarter of 2005 or almost ...
New owners of Eimskip Icelandic Burdaras has sold its 94.1 share in Eimskip to Icelandic Avion Group. Avion also plans to purchase the remaining ...
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