Tanker, spot freight rates begin to slump TANKER and spot ocean freight rates have begun to slump as the number of vessels available outnumbered cargoes and holidays cut demand.
Shipowners and ports offer aid THE shipping and port communities in Malaysia and Singapore have stepped in offering their services and waiving port charges to assist in the international relief efforts for people in the tsunami-ravaged zones.
CSX acquires stake in Asia Container for HK$1.58b CSX World Terminals, which has interests in container ports in Hong Kong, China and other countries, will pay HK$1.58 billion to buy a 39.1 per cent stake in Asia Container Terminals from a unit of Sun Hung Kai Properties Ltd.
Japanese refiners plan cuts in January bunker sales Bunker prices in Japan look set to maintain higher-than-usual premium on Singapore on tight local supply through January, possibly tempting refiners to import fuel oil from the republic.
Rotterdam firm as 2004 draws to a close
Singapore volumes break record with month to spare Bunker sales in Singapore have already beaten last year's record with December figures still to be taken into account.
Alaska: Disaster caused by engine failure Engine failure has been mooted as the probable cause for the loss of Malaysian-flagged Selendang Ayu, which broke in two off the coast of Alaska and resulted in a large spill of fuel oil and the loss of some crew members.
Panama Canal spill prevention regulations come into force Panama spill prevention regulations for ships come into force tomorrow.
PSA waives port fees on aid shipments PSA will waive all port handling charges incurred at its Singapore terminals for the transport of relief supplies for victims of tsunami-stricken countries, it said today
Indian ports resume operations ALL ports on the Indian east coast have resumed normal operations following the withdrawal of the government alert over a new tsunami
Vizhinjam project takes a hit THE TSUNAMI tragedy is likely to raise questions in India among other things on the viability of a proposed international container transhipment terminal at Vizhinjam, Kerala
Last ACT of the year in HK terminal saga The incumbent shareholders of Asia Container Terminals (ACT) have confirmed their purchase of Sun Hung Kai Properties' (SHKP) 56.7% ACT stake, in a deal signed this afternoon in Hong Kong.
New-year Rotterdam resolved to reduce its risks and go back to basics The new year will see Rotterdam Port Authority (RPA) focusing on core business, limiting exposure to the Betuwe Line, and addressing risks left behind by former CEO Willem Scholten.
Gwangyang aims to boost container-handling 36% in 2005
Correction: Colombo Port undamaged by tsunami
Chennai Port Trust estimates tsunami losses at $5.72m
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