Orders pour in for S Korean shipyards HYUNDAI Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co, the world's three largest shipyards, won orders for vessels valued at more than US$3 billion spurred by demand for the transportation of liquefied natural gas .
Persian Gulf tanker rates may fall again THE cost of shipping oil on two-million-barrel crude tankers from the Middle East to refineries worldwide may fall for a second consecutive week because of a surplus of vessels available for hire at the end of August, shipbrokers including E A Gibson said.
LCH to launch freight clearing service in Sept THE London Clearing House said last week it planned to launch its clearing service for the burgeoning oil and dry freight derivatives market in mid-September.
Abdullah takes reins in Riyadh Crown Prince Abdullah yesterday became Saudi Arabia's new monarch following the death of King Fahd, whose funeral will take place today.
US lawyer Sisco to replace Green at P&O Nedlloyd AN AMERICAN lawyer is to take over as chief executive of P&O Nedlloyd as soon as the sale to AP Møller-Maersk is completed.
Australian view on takeover is delayed THE Australian Competition and Consumer Commission has delayed giving its view on the local impact of the AP M'ller-Maersk takeover of P&O Nedlloyd while final details on P&O Nedlloyd's withdrawal from a number of Australian conferences are agreed, reports Lloyd's List DCN in Australia.
Hong Kong owners criticise Joint War Committee on Malacca THE Hong Kong Shipowners Association says there are fundamental flaws in the Joint War Committee's decision to leave the door open to war risk assessments on ships sailing through the Malacca Strait, writes Mike Grinter in Hong Kong.
BP launches Schiehallion blaze probe BRITISH oil major BP has started an internal investigation into a fire on its Schiehallion floating production storage and offloading vessel, west of Shetland, writes Martyn Wingrove.
Mitropoulos cements Egypt LNG training project plan During an official visit to Egypt last week, International Maritime Organization secretary-general Efthimios Mitropoulos laid the foundation stone of a new specialist maritime training institute for liquefied natural gas operations.
Chantiers electricians in spotlight A group of Polish electricians working at Chantiers de l'Atlantique shipyard in St Nazaire, France, have gone on hunger strike because they have not been paid since June
Bunker quality warning BUNKER quality is declining worldwide and shippers could face problems complying with new sulphur oxide rules, the North of England P&I Club warned today
LNG spurs US border feud THE state of New Jersey has filed suit in the US Supreme Court against the neighbouring state of Delaware in a dispute involving BP's Crown Landing LNG facility
Controversial US energy bill passes TANKER operators have little to fear from the Energy Bill passed by US Congress on 29 July, which is expected to have little short-term impact on oil imports
SCI denies Bombay High allegations SHIPPING Corp of India has denied allegations that the tragedy on the Bombay High platform was due to a fault on its support vessel Samudra Suraksha
Tallink takes on ferry competitors TALLINK has placed an order for a 27-kt ice classed ro-pax ferry for its Tallinn, Estonia-Helsinki, Finland route in a move that will cause competitors grave concern
Attempt to salvage Vancouver deal A mediator is continuing to work on a settlement to end the five-week-old strike that has shut down local container traffic at Canadian port.
Anger as truck companies reject strike deal Canadian authorities and shippers are alarmed that a settlement proposed by a federal mediator to a prolonged truck strike has been rejected by trucking companies.
HK mid-stream on the rocks says off-shore operator Hong Kong mid-stream operators remain pessimistic about the future, saying the competition from Shenzhen and the increased capacity at Kwai Chung container terminals have left them limited space to survive.
US Highway Bill finally gets into gear, as compromise approved
Mumbai rains halt container movement
Hanjin to implement PSS on SW Asian routes
Indian Subcontinent shippers to oppose carriers' anti-trust immunity
US/Caribbean/CAFTA agreement heads to White House
Shinsundae Container Terminal attracts new services
Chinese customs prepares for tariff-free fruit
Rotterdam posts 15% H1 rise, and predicts 10% 'minimum' for 2005
DPA sign up to manage Mina Zayed
NYK opens Moscow office
Fr'jus to re-open Thursday with one-way traffic for trucks
Tallink orders large fast ferry from Aker Finnyard AS Tallink Grupp has placed an order for a large, fast car and passenger ferry with Aker Finnyards. The EUR ...
EU and US approval for Mærsk purchase of Nedlloyd A.P. Møller-Mærsk has come one step closer to the final purchase of Royal P&O Nedlloyd. Last Friday the ...
Low market value for fast ferries The catamaran "Superfast Express" has been sold to Buquebus and will be deployed on a Gibraltar service. The 900-passenger ...
Crude pressures bunker prices, no effect from refinery fires US Gulf and east coast bunker suppliers watching record prices on the crude markets but refinery outages having little effect on prices or supply.
Oil prices soaring as high as a kite As oil prices exceed $60 a barrel, a California-based company claims it has an age-old solution to rising ship operater costs and growing environmental pressures.
IMO to consider ship-to-ship (STS) regulations The IMO's Marine Environment Protection Committee (MEPC) has agreed to consider the development of amendments to MARPOL to prevent the risk of pollution during ship-to-ship (STS) transfers.
MEPC approves fuel tank protection regulations New draft regulations governing fuel tank protection have been approved by the International Maritime Organization (IMO)'s Marine Environment Protection Committee (MEPC).
IMO outlines MARPOL Annex VI revisions In addition to adopting several amendments to MARPOL Annex VI and hammering out more guidelines for the regulation, the IMO has outlined a review process that could signal a tightening of emission controls.
Kochi Refineries: Big advantage for new bunker facility Former port official says Kochi Refineries Ltd. has a big advantage in securing a share of a proposed new bunker facility at Kochi port (formerly Cochin).
IMO confirms North Sea SECA The North Sea has been adopted as a SECA under MARPOL Annex VI, bringing the EU and the IMO broadly into line, but the EU continues to push for even stricter emission controls.
P&O Nedlloyd takeover gets regulatory approval The takeover of P&O Nedlloyd by AP Moller-Maersk has been approved by both the European Commission and the US, and is expected to be completed by August 8.
Russian tanker spills oil into Neva river A Russian oil tanker loaded with over 3,000 mt of fuel struck the pier of the Troitsky bridge in St Petersburg on Saturday, causing oil to leak into the Neva River.
Revised sewage rules enter into force Revised international MARPOL Annex IV regulations on preventing sewage pollution of the sea enter into force today, August 1, 2005.
Japan: June bunker sales up both on month and year
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