Indian government backs US$1.3b rail link to ports INDIA's Shipping Ministry is backing the setting up of a US$1.3 billion freight only rail line linking the interior to the major ports, as the country seeks to ease the transport of goods for exports.
SembMarine unit wins US$133.7m rig order SEMBCORP Marine subsidiary PPL Shipyard has won a US$133.7 million contract from Indonesia's largest oil and gas exploration company for the construction of a deep-water jack-up rig.
US Coast Guard looks underwater FEARING that the United States' ports are vulnerable to an underwater attack, the US Coast Guard is extending its domestic law-enforcement mission into a new arena: the sea below.
Royal Caribbean's Q4 loss widens to US$26m
ONBOARD REVELRY
Admiralty Casebook
Maritime liens not so cut and dried AUS appeals court decision last month is a reminder to vessel owners to carefully preserve their rights under charterparty provisions or general maritime law, or risk losing their maritime lien over third-party cargo.
Indian government backs US$1.3b rail link to ports INDIA's Shipping Ministry is backing the setting up of a US$1.3 billion freight only rail line linking the interior to the major ports, as the country seeks to ease the transport of goods for exports.
SembMarine unit wins US$133.7m rig order SEMBCORP Marine subsidiary PPL Shipyard has won a US$133.7 million contract from Indonesia's largest oil and gas exploration company for the construction of a deep-water jack-up rig.
US Coast Guard looks underwater FEARING that the United States' ports are vulnerable to an underwater attack, the US Coast Guard is extending its domestic law-enforcement mission into a new arena: the sea below.
Royal Caribbean's Q4 loss widens to US$26m
ONBOARD REVELRY
Admiralty Casebook
Maritime liens not so cut and dried AUS appeals court decision last month is a reminder to vessel owners to carefully preserve their rights under charterparty provisions or general maritime law, or risk losing their maritime lien over third-party cargo.
Singapore fuel oil stocks drop ahead of February arrivals Singapore residual stocks drained over the past week, however fuel oil arrivals from the West to Asia expected to reach approximately 2m mt this month, possibly benefiting Singapore's squeezed bunker market.
Arbitrage cargo drains ARA fuel oil stocks Fuel oil stocks fall below year-ago levels as trader loads VLCC for Asia.
Valero: Aruba acquistion 'paid out' by end Q1'05 Aruba refinery and bunker operation acquisition from El Paso in 2003 'paid out' by next quarter after successful year, says CEO.
ARA barge market edges up
Royal Caribbean results falter on high bunker prices Shares in the Miami-based company closed at $49.35, down $3.65, after fourth-quarter loss widens to $25.8 million from $20m a year ago.
O.W. Bunker welcomes new trader
Holiday closures for the Chinese New Year Celebrations of the Chinese New Year will cause widespread office and market closures next week.
Record Shell profits soured by new reserve cuts ROYAL Dutch/Shell has reported the largest profits ever for a UK company, with a record net income of $18.5bn exceeding analysts' expectations, on the back of surging oil prices and strong refining margins.
Oil major hopes to see end of reserves saga ROYAL Dutch/Shell hopes it can finally close the book on the hydrocarbon reserves downgrades that have plagued it since the start of last year when the scandal first broke, writes Martyn Wingrove.
Wallenius Wilhelmsen dumps Southampton Container Handling for ABP WALLENIUS Wilhelmsen has dropped Southampton Cargo Handling as its stevedore at Southampton, and switched its business to a unit of Associated British Ports, writes David Osler.
Alarm bells ring as Asia to Europe box trades falter AFTER two bumper years the Asia-to-Europe container trades have suddenly stalled, sending a shiver of alarm through the market.
Petredec makes $166m VLGC move Petredec, a leading liquefied petroleum gas trading and shipping company, has ordered two very large gas carriers from South Korea's Hyundai Heavy Industries in a deal worth $166m, according to shipbroking reports, writes David Osler.
SNCM unions paralyse operations FRENCH ferry operator SNCM is struggling through a 24-hour strike today, called by leaders of the CGT union in protest against 'forthcoming dismantling and privatisation' of the company
China lifts quotas on auto imports VEHICLE imports into China are set to surge following lifting of quotas in line with commitments to World Trade Organisation
Sakhalin boosts Busan volumes THE development of the Sakhalin oil field in Russia has led to an increase of 20 per cent in volumes of container cargo transported between South Korea's Busan port and Russia
Los Angeles plan proves elusive THE day after Long Beach adopted its 'green' policy, the neighbouring port of Los Angeles abruptly cancelled a key meeting on port pollution
'Disdainful treatment' needs fixing A North American Port State Control inspector has written to Fairplay decrying the 'disdainful treatment' suffered by seafarers
DryShips IPO doubles up DRYSHIPS has nearly doubled its IPO size, from 7.1M to 13M shares, with pricing set at $18 a share today ' at the high end of original estimates
DHS to require container seals Department of Homeland Security developing regulation that would mandate the use of high security seals on all ocean containers entering the U.S., a senior agency official said.
Container traffic up 12% at West Coast ports
Vancouver to expand facilities
J.B. Hunt Transport profit doubles
One-month hike for Europe-Asia boxes
Cooper drops Alabama terminal bid
CSX, Union Pacific plan western Mexico intermodal
Port security grants money ill-spent, says think tank
New Shenzhen toll free tunnel link eases cargo flow and reduces costs The toll free section of an expressway linking Yantian Port with central Shenzhen is expected to lower transportation costs and lift efficiency.
Abidjan regaining high ground
US sonar addresses underwater threat
Revision of Belgrade convention on track for end 2005
Gwangyang throughput drops
South Korea launches online port information system
Wärtsilä starts production of auxiliary engines in China Wärtsilä starts manufacturing marine auxiliary engines in China. A letter of intent has been signed about setting up an equally ...
ICS attacks EU on spill criminalisation EU's Draft Directive on Ship Source Pollution, which seeks to criminalise seafarers involved in also accidental pollution, is fiercly attacked ...
No "Scandinavian Star" trial in Denmark The Danish National Attorney (Rigsadvokaten) have decided not to re-open the Scandinavian Star case. His decision comes after looking ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
