SembMarine to raise rig capacity on strong orders WITH rig building orders making up 67 per cent of its US$5 billion orderbook, SembCorp Marine is extending its rig capacity to an expanded Sembawang Shipyard as record high oil prices and an ageing global fleet of rigs pump up demand.
Jurong Port to expand locally and regionally SINGAPORE's second container and multi-purpose cargo handling facility, Jurong Port, plans to expand its facilities here along with an international expansion focusing on Indonesia, Vietnam and China.
Admiralty Casebook
Liability for freight charges ANYONE who agrees to pay the ocean freight for a shipment can be held liable to a carrier even if that person is not named as a shipper or consignee in the relevant bill of lading, a US appeals court ruled last week.
SembMarine to raise rig capacity on strong orders WITH rig building orders making up 67 per cent of its US$5 billion orderbook, SembCorp Marine is extending its rig capacity to an expanded Sembawang Shipyard as record high oil prices and an ageing global fleet of rigs pump up demand.
Jurong Port to expand locally and regionally SINGAPORE's second container and multi-purpose cargo handling facility, Jurong Port, plans to expand its facilities here along with an international expansion focusing on Indonesia, Vietnam and China.
Admiralty Casebook
Liability for freight charges ANYONE who agrees to pay the ocean freight for a shipment can be held liable to a carrier even if that person is not named as a shipper or consignee in the relevant bill of lading, a US appeals court ruled last week.
Alarm bells ring at Kvaerner UK pensions sell-off BRITISH pension holders with restructured Norwegian industrial group Kvaerner's UK scheme fear a recent '1 sell-off of liabilities heralds a systematic fund run-down.
Tough action threatened after spate of Greek ferry mishaps THE Greek ro-ro Aghios Efsta- thios, which hit a dock at Keratsini in greater Piraeus as it embarked on a trip carrying 38 trucks to Aegean islands on Wednesday, is the latest victim in a spate of mishaps that have plagued the country's ferry industry during the past week.
Fesco considers foreign placement to boost return on state shares FAR Eastern Shipping Co, one of Russia's largest shippers, may place 19.8% of its shares on a foreign bourse in the form of American Depositary Receipts, the company said yesterday, writes Lyuba Pronina in Moscow.
Sonatrach links with American Eagle and MOL in tanker deal ALGERIAN national oil company Sonatrach is moving into tanker ownership through the construction of three ships - a very large crude carrier, a suezmax and an aframax - in partnership with Malaysia International Shipping Corp's American Eagle Tankers and MOL, writes Andrew Spurrier.
Statoil given role in Algerian LNG ALGERIA is enlisting the help of Norwegian energy giant Statoil in a potential new liquefied natural gas project targeting the US market, writes Tony Gray.
Awilco seeks PetroJack takeover Awilco Offshore has launched an unsolicited takeover bid for PetroJack, which values its rival Norwegian rig company at about NKr850m ($133m).
Ocean Village ship shuffle CARNIVAL will transfer AIDA Cruises' AIDAblu to UK brand Ocean Village in spring 2007, instead of Princess Cruises' Regal Princess as previously planned
Dubai to open ship registry DUBAI Maritime City (DMC) is to house the first ship registry office in the Middle East, which is aimed at boosting the maritime community in the region
No interruption for PierPass Employers at LA-Long Beach reached agreement with ILWU local that will allow for uninterrupted night gates under the new program.
Improve Customs targeting: DHS
ACE slated for busiest American-Canadian crossing
MOL sales outrun costs
DHL sees Asia-Pacific surge
"K" Line profit falls
Record quarter for Trailer Bridge
Indian ports slowly returning to normal
Singapore, S. Korea sign trade pact
New equipment to boost productivity at Indian port
Vancouver terminals cut demurrage on strike-stranded boxes TSI Terminals, which operates the Vanterm and Deltaport facilities in Vancouver, has announced it will halve demurrage charges until August 19 when it expects the cargo backlog to be cleared.
Second Chennai box terminal delayed by P&O Ports court action Chennai Container Terminal (CCT) operator, P&O Ports (POP), has filed a writ petition at the Madras High Court, seeking to delay Chennai Port Trust's (CPT) proposed second container terminal.
HK customs seize second illicit cigarette transhipment
Floods cause heavy losses to Indian exporters
CCS and Alcotrans to link GA's Amsterdam loops to Germany
MOL profits hold up despite rising costs
FESCO boosts Polish newbuild orders for FANAL trade
Expanded facility will allow Hupac volumes space to grow
NCC's Petersburg terminal outperforms Novorossiisk facility fall
K Line consolidated revenues rise, but operating and net income fall
Two China carriers launch Japan/China services
Inchon dedicates two berths to China cargo
NYK Logistics sets up Beijing office
Hanjin to establish first logistics office in China
Chinese shipyard seeks North European investors Jiangdong Shipyard in Wuhu invites two or three national or international investors to build a new shipyard site. According to ...
Full ahead for Transatlantic share The Swedish shipowning group Transatlantic steams ahead on the Stockholm Exchange. Positive articles in business publications and an analyses from ...
Finnlines reports week half year result Finnlines reports a EUR 349.6 million turnover the first half of 2005 and reports a pre-tax result of EUR ...
Resupply fears spark West Coast MDO spike Marine diesel oil prices on the North American West Coast jump on resupply costs but Vancouver shrugs off train derailment.
High cat fine levels sparks FOBAS quality alert Off-spec bunkers with highly abrasive contaminant have been detected in recent Port Said fuel samples.
Competitors won't follow Princess' cold-ironing initiative Cruise lines in Seattle underline commitment to reducing harmful emissions in the port, but will not follow Princess Cruises by implementing 'cold-ironing'.
Bunker prices/currency leave shipping lines vulnerable Lower relative fuel bill lifts MOL's profits, while K-Line's decline amid higher prices paid for bunkers.
US: Base oil storage capacity down 20% over five years US base oil storage capacity down over 20% in the past five years, leaving less of a safety cushion in the event of supply disruptions or surges in demand.
Titan H1 profits surge 65% Asian oil trading and transport group predicts positive H2 contribution to annual result.
Aegean Marine Petroleum launches Singapore venture Two months after opening an office in the US, Aegean Marine Petroleum has expanded further with the launch of a new office in Asia.
Faisal reveals expansion plans to service new port development Supplier aims to offer bunkers within a year at Pakistan's ambitious new port development.
Singapore: Fuel oil stocks and middle distillates slip
New Korean terminal set to boost bunker sales Bunker traders optimistic that new container terminal will help boost bunker sales in Busan.
Rotterdam slightly softer this morning
No terrorist threat in the Malacca Strait yet, SSA says The Singapore Shipping Association has urged the Joint War Committee to reconsider its decision to declare the Malacca Strait a war risk zone.
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