TSA to raise Panama Canal surcharge THE cost of shipping containerised goods from Asia to the US East Coast will rise again next month as shipping lines become more aggressive in passing on what they say are the added costs of an increasingly over-burdened land-based infrastructure.
Daewoo bags record US$390m tanker order DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipyard, won an order to build three supertankers for a record US$130 million each, London-based broker Simpson, Spence & Young said.
Shipping boom nearing its peak BOOM times in the world shipping industry look set to peak this year as ship builders respond to record-high freight rates and crank up production of new vessels, Malaysian shipowners said yesterday.
Tanker escapes pirate attack in S'pore Strait
Port Shots
Port Shots CHINA International Marine Containers Co, the world's largest maker of freight containers, said first- quarter profit probably quadrupled from a year earlier.
TSA to raise Panama Canal surcharge THE cost of shipping containerised goods from Asia to the US East Coast will rise again next month as shipping lines become more aggressive in passing on what they say are the added costs of an increasingly over-burdened land-based infrastructure.
Daewoo bags record US$390m tanker order DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipyard, won an order to build three supertankers for a record US$130 million each, London-based broker Simpson, Spence & Young said.
Shipping boom nearing its peak BOOM times in the world shipping industry look set to peak this year as ship builders respond to record-high freight rates and crank up production of new vessels, Malaysian shipowners said yesterday.
Tanker escapes pirate attack in S'pore Strait
Port Shots
Port Shots CHINA International Marine Containers Co, the world's largest maker of freight containers, said first- quarter profit probably quadrupled from a year earlier.
Malaysia: New terminal to include bunkering hub Three-year development of Sandakan-based location aims to meet demand for modern regional barter transhipment hub.
US crude oil stocks grow even as refiners turn up production Weekly US oil inventory statistics showed that stocks of crude rose again for the eight consecutive week, despite a sharp fall in imports and increased refinery processing rates.
ARA market little change Tuesday p.m.
Bunkerworld Asia team welcomes new member Bunkerworld has welcomed a new member of staff to its ranks at its offices in Singapore.
Saudi posted prices catch up with global gains
Singapore: Traders snub rumours as paranoid Traders in the Singapore bunker market snubbed "hoarding" rumours today when surveyed.
Petroval reveals Q1 bunker sales Petroval sold nearly half a million metric tonnes of bunkers in the ARA region during Q1, either directly to shipowners or through other suppliers.
Baltic HSFO cargoes set to ease ARA supplies Around 300,000 metric tonnes of high sulphur fuel oil (HSFO) slated to arrive into ARA from the Baltic.
Malaysia: Shipping lines up bunker fuel surcharge 15% Shipowners add a 15% bunker fuel surcharge but Malaysian exporters are confident that competitiveness against other exporters in the region will remain.
Saudi Aramco 'frightened' by demand growth Saudi Aramco chief expresses fear at continuing demand growth, especially from China and India.
Depleted availability returns to Panama Sources suggest suppliers may have been guilty of bad planning with USGC, Venezuela and Ecuador boasting residual product as avails dry up.
Lloyd's defies stormy fortunes to hold on to 'excellent' rating LLOYD'S has held on to its prized ratings status, after announcing a 2004 profit of just under £1.36bn ($2.56bn), which could have been close to doubled but for a mauling from hurricane claims, an adverse arbitration award and the need for more claims reserves.
Bank lending on Greek fleet hits $32bn after 26% surge in year BANK lending on the Greek controlled fleet has shot up to an astonishing $32bn, with an increase of more than 26% during a period of only 12 months, an independent study has revealed.
Brussels lines up 'enforcer' role as de Palacio is tipped for comeback LOYOLA de Palacio is tipped to make a Brussels comeback next month as one of six new rail "czars" for the EU transport commissioner.
German insurers braced for flat year THE German insurance industry is expecting premium growth to flatten out this year, writes Anja Krüger in Berlin.
US worried by China's Latin plans US political leaders appear to be taking note of China's growing trade influence in South America
Passports to be required to re-enter US SECURITY concerns are putting an end to a tradition that currently allows US citizens ' and those of some other western nations ' to re-enter the US without a passport
Colombia to strengthen China ties A Colombian delegation is in China hoping to secure new trans-Pacific trade and investment ties
Cruise taxes 'unconstitutional' PROPOSED taxes on cruise passengers touring Alaskan waters would be illegal and unconstitutional, according to an industry lawyer
Korea to employ more foreign ratings THE maximum number of foreign ratings on board South Korean ships is to be increased following an agreement between owners and unions
Star to tow Norway to Port Klang STAR Cruises has decided to take possession of Norwegian Cruise Line's Norway and not scrap the vessel after attempts to sell the ship to third parties failed
Mineta: No money for SEA 21 in 2006 The Secretary of Transportation says White House budget plan holding up implementation of national marine transport policy.
PierPass awards development contract
Houston channel re-opens
Long Beach trade chief
U.S. groups file for China import curbs
CP Ships' Asia volume grows
FedEx Ground plans Florida hub
JoC, ACW launch Trans-Pacific Air Cargo Conference
EC establishes 'alert zones' for triggering textile safeguards The European Commission (EC) has issued guidelines for the use of safeguards on Chinese textile exports to the EU, activating a clause in China's Protocol of Accession to the WTO.
Tug-of-war over charter-periods sees mid-sizes stuck at four years
Nanjing plans to consolidate container handling facilities
Indian Railway to open routes to private-sector freight-traffic
Vancouver box backlog cleared
New hopes for Australian inland freight railway
Australian Government inquiry to look at port links
EU and US mull China textile import controls
VICT ups capacity to meet increasing demand
Box boom sees Codesp prioritise new Santos terminal
UK 'shipping minister' to retire, leaving port projects unresolved
Tokyo Port achieves record 2004 throughput
'Critical' 2004 leaves FESCO nearly $40m in net profits
Norwegian vessel arrested ' crew stranded Norwegian vessel M/S "Kempo" is arrested in Las Palmas and the Latvian crew, which has not been paid since ...
Torm sells two tankers in hot market Dampskibsselskabet Torm has sold two product carriers to a Greek/Singapore-company with a profit of USD 30 million (DKK ...
Wanted: welders and fitters Polish press have cited Finnish forecasts on the labour demand in the industry. According to "Helsingin Sanomat", Polish metal workers ...
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