Marsh sets up marine, energy practice here THE world's largest insurance broker and risk adviser, Marsh Inc, is establishing a new combined marine and energy practice in Singapore as the Asian underwriting market becomes an increasingly important force alongside the bulwark London market.
Katrina may drive up petrol tanker rates further THE cost of shipping refined oil from Europe to the US may rise this week after Hurricane Katrina disrupted oil production along the Gulf of Mexico coast, boosting US imports of petrol.
Hurricane to reduce earnings this year, says Carnival CARNIVAL Corp, the world's largest cruise operator, said Hurricane Katrina will reduce earnings by as much as three US cents a share after the company cancelled and curtailed voyages.
N-submarine, cargo ship collide in Gulf
P&O names Michael Gradon to run Gateway port projects
Jones Act waiver to last 12 more days THE suspension of the Jones Act, invoked in the aftermath of Hurricane Katrina, will end at midnight on September 18, a longer timeframe than expected.
Katrina blows cold for ports and terminals premiums OPERATORS of ports and terminals worldwide are likely to be asked to stump up more in insurance premiums when they come to renew cover, as a result of the damage wrought by Hurricane Katrina.
Cruiseships drafted in for hurricane relief work THE US Federal Emergency Management Agency has chartered four cruiseships to house evacuees whose lives were dislocated by Hurricane Katrina, writes Rajesh Joshi in New York.
Greece pledges two vessels for aid effort GREECE has pledged two cruiseships for accommodating victims of Hurricane Katrina within a package of aid for the US announced yesterday by the country's Ministry of Foreign Affairs.
MCA red-faced as tug mishap causes oil spill in Shetland Isles A MARITIME and Coastguard Agency tug smashed into rocks in the Shetland Isles at the weekend, spilling an estimated 200 tonnes of fuel oil.
Silja begins ferry restructure FINNISH ferry operator Silja, part of the Sea Containers group, has pulled two ferries from service as part of a restructuring of the entire group's ferry operations
Emergency tug runs aground THE UK emergency towing vessel Anglian Sovereign is being inspected by divers today after running aground yesterday evening on the island of Oxna
Fincantieri may go public next year FINCANTIERI chief executive Giuseppe Bono says the Italian state-owned shipbuilding group could go private in 2006
Maintenance work at Gatun Locks DUE to the low number of arrivals this month, maintenance work has been scheduled at Gatun Locks from 5-9 September
Red is no fantasy for Color RISING bunker expenses, increased depreciations and a fall in the number of passengers carried dragged Color Line to a NK51M loss in the first half
US Gulf ports operational status PORTS along the US Gulf and in the lower Mississippi River are reporting a slow return to activity after Hurricane Katrina
Potential partners stick to their statements, while market builds possible case Exel and Deutsche Post (DP) are both sticking to their first statements on possible takeover negotiations with 'no certainty as to the outcome', but the stock-market is far from quiet.
China reaches textile agreement with EU in latest talks Chinese minister of commerce revealed today that China and the EU had reached an agreement in the latest round of textile negotiations this weekend, but nothing had been signed yet.
CMA CGM completes 'complementary' deal with Bollore Group assets
Chinese shipping companies enhancing Japan/China service
China becomes EU's second-largest top trade partner
Fesco trims sails toward full-year profit growth, despite heavy H1
MR tonnage at WS 430 to the US Reported fixtures of 37,000 tonnes gasoline cargoes are now done at WS 430 or more, nearly WS 200 higher than ...
Carnival offers vessels to "Katrina" refugees Carnival Cruse Lines has already responded to a request by US authorities to find 25,000 berths to house victims of ...
Tallink starts Stockholm-Riga service Tallink will start a new service between Stockholm and Riga on 10 January. Last weak an agreement was according to ...
New Orleans supplier weary, but operational One week after Hurricane Katrina tore through New Orleans, one local supplier relives the chaos as his company completes first delivery since the tragedy.
Bunker broker KPI supports Katrina relief effort KPI Oil will give a 'generous donation' to help the relief operations in New Orleans.
Panama suppliers: Resupply costs set to take toll Bunker prices in Panama finally start to firm closer to regional levels after staying low last week.
Marine lube oil crisis going global? Damage caused by Hurricane Katrina may have turned a localised supply problem centred in Singapore into a global crisis.
Post-Katrina refinery outlook improving White House official says Gulf Coast refining could be back on its feet faster than expected.
Sri Lanka bunkering project a 'priority development' The government-sponsored development of Hambantota, on Sri Lanka's south coast, faces stiff competition from a rival Indian project in the north east.
Return of Pelorus 'a show of confidence' Luxury yacht belonging to Russian tycoon and Chelsea FC owner Abramovich returns to same supplier that allegedly sold 'wrong fuel' last month.
Japan: Bunker demand weak, typhoon approaches Kyushu Japanese bunker traders lament extremely weak demand, while a powerful typhoon heads toward Kyushu.
Oil prices extend retreat Oil prices extended last week's retreat by slipping more than $1 on Monday following news of European nations and Canada agreeing to release emergency oil reserves.
SK Corp inks deal to acquire Inchon refinery SK Corp has signed MOU to acquire Inchon Oil Refinery and subsequently boost its exports into China.
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