Marshall Islands registry takes tough stance WITH a growing international focus on preventing terrorists making use of the shipping industry, the Marshall Islands ship registry said that it would welcome global regulations governing the process of ship registration.
Int'l code to improve crew competence judged a failure AN effort to improve and maintain the standards of crew competence in the international commercial fleet, initiated eight years ago, has failed to meet its lofty objectives, said training executives at a recently held conference here.
Asia freight rates expected to fall on bird flu, ship supply FREIGHT rates in Asia are likely to drift lower towards the end of the year due to an ample supply of vessels and slower shipments of US crops to China, where feed demand has been hurt by the spread of bird flu, brokers said.
Global officer shortage reaches 10,000 warns BIMCO/ISF study THE world fleet is short of 10,000 officers - 2% of requirements - according to the new edition of the most comprehensive study of the subject available.
P&O bid battle takes shape as Singapore's Temasek enters fray The prospect of a bid battle for P&O, the UK's most prestigious maritime brand, has increased following the disclosure that Singapore's government investment agency Temasek Holdings was buying shares.
Silversea pencils in date for European share offering LUXURY cruise operator Silversea is to make an initial public offering between June and September next year and is also negotiating with European yards for a newbuilding, chief executive Albert Peter said on Friday.
Golar LNG charters three Shell gas carriers Golar LNG has secured five-year time charters on three liquefied natural gas carriers from Shell, the John Fredriksen company has disclosed, writes Tony Gray.
SEC: Stelmar guilty of violation FORMER Stelmar Shipping executives Peter Goodfellow and Stamatis Molaris awarded themselves improper loans, the US Securities & Exchange Commission has ruled
DNV expands 'human element' business IN a departure from the class industry's traditional focus, Det Norske Veritas is forging ahead with the creation of a dedicated 'human element' business
Ten thousand officers needed THE global shortage of qualified officers now stands at about 10,000, the fourth BIMCO/ISF manpower survey has found
Singapore's Temasek emerges as potential P&O suitor The investment group has raised its stake in P&O, sparking speculation that it may make a bid rivaling Dubai Ports'.
Jakarta sets deadline for carriers to adopt new THC In the latest development in the Indonesia's terminal handling charges the Department of Transportation is to force the Indonesian Ports Authority to sanction carriers that fail to reduce their surcharges.
Patrick extends option on FCL Patrick Corporation has negotiated a 12-month renewal of its purchase option on second-tier rail-focused freight forwarder/transport operator FCL, returning to the Australian Competition and Consumer Commission to seek regulatory approval.
Xiamen International Port prepares for IPO
IKEA opens regional distribution centre in Shanghai
Patrick opens world's first AutoStrad terminal
Forecast report says Korean ports will see cargo growth
Turnaround times topple as cranial augmentation gives Tema a head start
Temasek moves on P&O Singapore government's investment company has bought 8.1 million more shares for 3.24% overall holding.
What's the deal for Golar? Three ships on time-charter for five years but what are the rates and how are the charters structured asks market?
Analyst shrugged Citigroup doubts Genmar merger, questions whether Fredriksen is again looking to make a quick buck on shares flip.
TUI raises cash for CP German tour group increases massive bond issue after investors snap up debt.
Ex-Stelmar bosses settle SEC says Peter Goodfellow and Stamatis Molaris knew they were violating US law in taking combined $294,000 in interest-free loans in 2003.
Tallink raises $195m Fast growing ferry operator sees IPO three times oversubscribed though issue has little overseas appeal.
Poor take-up for Gdynia Polish shipyard sells only 10% of bond issue and may extend offer period.
Fishermen missing after MISC collision Container feedership strikes fishing vessel in South Korea.
Golar unveils Shell deal Norwegian owner ties up two LNG newbuildings and a 2004-built vessel for five years.
Centrofin linked to aframax Greek owner continues to snap up double-hulled tonnage with German deal.
Vietnamese yard on the up Saigon Shipbuilding expecting 190% increase in 2005 revenues as it builds orderbook.
Pretty profit for Ganger Rolf Oslo-listed company books tidy gain on sale of stake in German agent.
Wallenius targets SE Asia Shipowner to launch express ro-ro shuttle service linking Thailand, Singapore and Indonesia.
TSA bumps up surcharge Transpacific lines look to claw back bunker costs from shippers.
Sherwood stands aside Sea Containers CFO named interim chief executive while James Sherwood recovers from surgery.
Debut profit for SSN Improved production helps Polish yard scrape into the black for the first time since it was reborn in 2002.
BC stymied by fuel costs Price of bunkers and downturn in tourism limiting profit growth at Canadian ferry group.
Manitowoc inks barge deal US shipbuilder signs newbuilding deal for second domestic double-hulled barge in as many weeks.
Smyril and Fjord in close cooperation Bergen-based Fjord Line and Faroe Isles ferry operator Smyril Line has taken one important step closer to a North ...
Sweden's maritime safety chief to head the IMO Council The head of the Swedish maritime safety inspectorate, Johan Franson, has been elected as chairman of the Council of the ...
24 hours connection to Herning tankers Herning Shipping improves ship-shore communications within the next year. The company has decided to install the VSAT communication system ...
WFS declares regular quarterly cash dividend WFS declares regular quarterly cash dividends after having reported spectacular Q3 earnings last month.
US bunker transportation firm orders new double-hulls Baltimore bunker transportation firm continues aggressive expansion of double-skinned fleet.
Supplier stays out of spot market despite refinery re-start Heavy replenishment needs in several ports besides Durban means Engen anticipates continued absence from South Africa's spot market.
Asia awaits fuel oil cargoes Arrivals eagerly awaited as Singapore fuel oil stocks plummet amid rampant bunker demand and expectations that Chinese buyers will soon be looking for big volumes.
Firm Friday in ARA range
Bunker fuel costs hit BC profits BC Ferries may increase bunker fuel surcharge within the next few days after profits took a dip due to rising fuel costs.
Aramco: No plans to extend swing supply role to oil products Saudi Aramco has said the company will maintain spare crude capacity, but has no plans to go the same route in the refining sector.
Titan calls off relocation to Johor Hong Kong-based Titan Petrochemicals has called off plans to relocate its Singapore operations to Malaysia's port of Tanjung Langsat in Johor.
$10 million commission dispute lands Aegean in lawsuit A Greek national claims he was instrumental in setting up Aegean's Jamaican bunkering operations, but was never paid.
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