SMEs to gain $55m from MPA initiative REPORTS A group of 70 small and medium-sized enterprises in Singapore's maritime industry expect to reap nearly $55 million in new business and cost savings as a result of a year-old initiative by the Maritime & Port Authority of Singapore.
Grant cuts Eagle Liner's staffing costs by 20% FOR local maritime SME, Eagle Liner Shipping Agencies, a Merit grant helped reduce staffing costs by 20 per cent and increased the quality of management and financial information produced.
Court to assess US law's global reach THE US Supreme Court was expected yesterday to test the power of US law to reach across borders, in a case that asks whether foreign-registered cruise ships must comply with the nation's stringent disability law, according to a report in the Financial Times.
Marine showcase
Strait Talk
Fulfilling Panama's untapped potential SOMETHING truly remarkable happened last week. The International Transport Workers' Federation , the scourge of the open registers, praised a new initiative by the world's biggest open register, Panama.
SMEs to gain $55m from MPA initiative REPORTS A group of 70 small and medium-sized enterprises in Singapore's maritime industry expect to reap nearly $55 million in new business and cost savings as a result of a year-old initiative by the Maritime & Port Authority of Singapore.
Grant cuts Eagle Liner's staffing costs by 20% FOR local maritime SME, Eagle Liner Shipping Agencies, a Merit grant helped reduce staffing costs by 20 per cent and increased the quality of management and financial information produced.
Court to assess US law's global reach THE US Supreme Court was expected yesterday to test the power of US law to reach across borders, in a case that asks whether foreign-registered cruise ships must comply with the nation's stringent disability law, according to a report in the Financial Times.
Marine showcase
Strait Talk
Fulfilling Panama's untapped potential SOMETHING truly remarkable happened last week. The International Transport Workers' Federation , the scourge of the open registers, praised a new initiative by the world's biggest open register, Panama.
Supplier streamlines business with MERIT Programme A year after launching the Maritime Enterprise IT Development (MERIT) Programme, the Maritime and Port Authority of Singapore has reported good response, and held up one of Singapore's top 20 bunker suppliers as an example of how businesses can benefit from the initiative.
Suez receives surprise respite Following more than two months of no fuel oil avails, players remain worried that shipowners who have deserted Suez during its long drought will still shun the port.
IBIA opens Asian regional office in Singapore Recently elected chairman highlights importance of presence in the world's largest bunkering hub, where the port authority has pioneered improving standards for the bunker industry.
Uruguay: Limited avails continue
ARA market little changed this morning
Winds force suspension of operations in Gibraltar With bad weather persisting, delays in delivery schedules could see operations affected until the weekend.
Hong Kong player set for further expansion and increased sales Following the acquisition of a new barge earlier this year, Hong Kong supplier reveals that another double-hull is expected towards the end of 2005.
Crude oil little moved after touching four-month high Cold temperatures in the northeast region of US led to the crude oil prices touching a four-month high. Prices are expected to remain high for the rest of this year.
IMO: Regulations on fuel tank location expected by 2007 New regulations aimed at minimising the risk of a serious environmental disaster in the event of a grounding or collision are expected to enter into force in 2007.
Golar sees opportunities in weak LNG spot market GOLAR LNG expects the spot market for LNG carriers to stay weak for up to two years, creating opportunities for consolidation. Golar expressed this view in its fourth quarter results, which showed a rise in net income to $19.1m from $13.93m in the like period of 2003.
Diana Shipping seeks to pocket $242m from New York listing AN INITIAL public offering that could raise $242m has been launched by Diana Shipping, the Greek dry bulk group, which is seeking a listing on the New York Stock Exchange.
Cargill relocates to exploit Chinese market CARGILL Ocean Transportation is pulling out of Hong Kong and Tokyo and will set up a regional hub in Singapore and an office in Shanghai to be closer to the key Chinese market.
Booming boxship cycle shows no sign of slowing LINER shipping may be entering a "super cycle" that is frozen at the high point, according to Drewry Shipping Consultants.
Rebel chairman dismissed as Latvian Shipping split deepens A DRAMATIC boardroom civil war has escalated at the Latvian Shipping Company with the dismissal of chairman Imants Vikmanis after he stormed into the Riga headquarters with rebel directors and denied access to the existing board, writes Jerry Frank.
Maersk takes over MSP slots UNITED States Ship Management has raised the white flag in its years-long battle to retain slots in the US Maritime Security Program fleet
Asia containerized imports to slow Growth will moderate over the next two years due to increased costs of production in the Far East and sluggish consumer demand in the U.S., say experts.
China growth and globalisation may not mean 'extended' stability, warns NOL president Growth in China and the globalisation may not lead to an 'extended period of stability' warned NOL president and CEO David Lim yesterday, at the fifth annual Trans-Pacific Maritime Conference.
Vancouver walkout threat over security checks 'a sleeping dog'
Location for CT10 not fixed by Hong Kong Government
Equipment shortage stifles PN's intermodal growth
Drivers over 60 banned from renewing commercial driving licence in China
Lunar New Year timing lifts HK January trade performance
North-West Russia ports set out their investment stands in London
RCL takes on new sub-panamax tonnage for Asia-Australia trade
CP partners start new Central America-Asia service
Leixoes with new equipment to handle increased volumes
Tropical leaps by 68% US-owned Tropical Shipping may find better things to do with $134m than pay taxes on it.
Frontline dials down Fredriksen vehicle cuts Genmar stake to 5.3% from 7.9% over past week through sale of 900,000 shares.
Vikmanis hits back Latvian Shipping chief states his case in battle of rival boards, both of whom claim to be running Riga-based owner.
Stolt execs sell shares Niels and Jacob among those now free to dispose of stock, after insider restrictions lifted.
Gearbulk deal in arbitration Westwood Shipping is fighting to hang onto two Borgestad open-hatchers.
Borgestad rebuilds Norwegian owner posts more profits after 2003's annus horribilis.
New man at HSY George Paterakis appointed head of Greece's Hellenic Shipyards of Skaramanga.
Scrap sales get off to slow start Two-monthly sales totals down on last year's already slack levels as tonnage drought continues to haunt breakers.
Diana heads for NYSE IPO debutante Simeon Palios is targeting $242m for Diana Shipping.
USSM bows out United States Ship Management has handed over its fleet to rival Maersk.
Another panamax for Golden Spinoff confirms another panamax charter for later in the year, as it posts first financials since incorporation.
Eitzen in the money Norwegian owner Camillo Eitzen's expanded fleet of gas carriers, tankers and bulkers delivers the goods in 2004.
The battle for Latvian Shipping Bizarre struggle for control of national fleet sees directors locked out of Riga head office after rival board "breaks in."
PacBasin breaks $100m mark Profits and turnover rise fourfold for Hong Kong-based drybulk company.
CSDC banks boom proceeds Hong Kong-listed tanker and bulker owner's 2004 profits grow in strong markets.
Brittany scraps P&O deal French owner will not charter two UK ferries on Portsmouth-Le Havre route, putting 350 jobs at risk.
Golar scrapes earnings rise But Korea Line is mainly to thank as company sees 'challenges' ahead.
The France for the French? France is offering tax breaks in a last-minute bid to save a historic cruiseship from scrapping.
Cargill China bound Shanghai and Singapore are the winners as Swiss grain trader changes transportation set up in Asia.
Expansion boosts Samudera Singapore shipowner sees six-fold increase in annual profits on bigger fleet and hot box rates.
Titan plans bond issue Parent company wants to raise $400m for ship acquisitions, China facilities and to repay debt.
Golar LNG sustain losses in spot market Golar LNG still suffers from too many LNG carriers in the spot market and the company ' controlled by John Fredriksen ...
Names for the Gulf ferries from Scandlines The former Scandlines ferries "Rügen" and "Dronning Margrethe II" is presently being made ready for the delivery voyage to the ...
Star Reefers ahead last year Star Reefers more than doubled pre-tax profits last year from USD 5.19 million to USD 12.46 million last year ...
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