7 shipping giants form super alliance against Maersk Line MEMBERS of the world's two biggest container shipping alliances have joined forces, creating a de facto 'super alliance' in order to counter the sheer might of the merging Maersk Sealand and P&O Nedlloyd lines.
Rates rise for double-hulled tankers ex-Gulf THE cost of shipping oil from the Persian Gulf to Asia on two million-barrel tankers rose for double-hulled tankers as the first November cargo was booked.
Ladyman demands maritime jobs boost BRITISH minister for shipping Stephen Ladyman has urged industry to do more to promote itself in both Britain and continental Europe as a source of employment.
Mitropoulos warns of 'enemy within' THE shipping industry's efforts to raise its public image and reputation will not succeed until it has beaten 'the enemy within', International Maritime Organization secretary general Efthimios Mitropoulos said yesterday.
Breakthrough could end two decades of hostilities between shippers and lines NEARLY two decades of public hostilities between container lines and their customers may be drawing to a close, with both sides acknowledging past mistakes and calling for a fresh start.
Alliance lines join forces on main trade lanes SEVEN of the world's largest container shipping lines are to co-operate on the two biggest trade lanes, writes Janet Porter.
ITF hails 10% rise in crew costs THE International Transport Workers' Federation has secured a two-stage 10% increase in crew costs for vessels operated by members of the Joint Negotiation Group of shipowners, in a deal that covers 55,000 seafarers on 3,200 ships.
PONL acquisition sparks consortia deal THE acquisition of P&O Nedlloyd by Maersk has prompted the member lines of two major liner consortiums to agree to co-operate on key trades early in the New Year
Guyana connection in Caribbean fuel-smuggling ENERGY authority staff in Guyana have been questioned over the disappearance of evidence in a multi-million dollar fuel-smuggling ring, regional reports say
Hanjin in repair yard venture HANJIN Shipping and Qindao Shunhe Shipping have agreed to build a repair yard in Qushan Island in Zhejiang, China
Prospects for refineries unclear PROSPECTS that recent hurricane-generated gasoline shortages will lead to increased refinery building in the US are unclear according to one industry leader
Press coverage 'must be improved' THE public profile of the shipping industry must be raised and improved through closer ties with the mainstream press, Seatrade Maritime London conference heard today
Reefer rates head north REEFER insiders are predicting a substantial increase in rates for next year
Grand Alliance, New World Alliance plan east-west cooperation APL, six other carriers announced an agreement to cooperate on key east-west trade lanes starting in early 2006.
DHL to expand Hong Kong hub
Manufacturers: Trade deals boost U.S. exports
Canada wins trade rulings over U.S.
Pay port truckers more, says Maersk exec
Polar Air pilots ratify contract
Bush urged to waive steel duties for hurricane reconstruction
Grand Alliance and The New World Alliance announce key trade co-operation To ensure a smooth transition with P&O Nedlloyd's withdrawal, the Grand Alliance and The New World Alliance today announced an agreement to co-operate on key trades from early 2006.
Belgium on the eve of one-day strike, with other rail-delays to come Much of Belgium, including all seaports and rail-transport, is likely to grind to a halt tomorrow, due to a 24-hour nationwide strike called by socialist union ABVV.
Australia Productivity Commission wants 4-year Part X phase-out
HR: 'demand wobble' becoming supply-demand shift
PN dispute goes to arbitration
EC makes 'advance notification' on cargo security proposal
California bill could be the first, truckers hope
Shippers come clean on confrontation
ModernTerminals gets new loan to fund expansion in China
Yantai introduces new China/Japan service
Hanjin to manage maintenance with 50% share in ship-repair JV
Sunkwang sells shares in Inchon Container Terminal
Gas leak Stealthgas follows decent IPO pricing with poor trading day as Wall Street picture clouds again for shipping issuers.
Restis IPO on life support Golden Energy's mixed offering of bulkers and products tankers has drawn only cut-rate interest from investors and will price below $16 if at all.
Harry does it Vafias family's Stealthgas on track to bring home $116m after nailing IPO price target.
IRISL next to go public? Iranian container and bulker operator says shares will be sold next year, as it follows in NITC's footsteps.
ITF wins 10% rise at IBF Tokyo talks end in new two-year deal with owners forced to accept higher rise than expected.
Bulker sale boosts Norden Danish owner offloads handymax to Greece and revises 2005 profit figure as a result.
Investors embrace Hornbeck Offshore company raises $290m for fleet enhancement after stock and bond offerings.
Solstad sells again Norwegian owner reducing its fleet of supply ships once more with domestic deal.
It's a Grand New World Alliance Two leading liner groups unveil first steps in major co-operation deal.
Taca targets restoration Transatlantic boxship group sets heart on four quarterly rate rises next year.
Panama denies deal Canal authority says no contract has been awarded to carry out expansion work on the waterway.
GNV turns to Tunis Italian ferry owner to start another Tunisian route this month.
Quintana re-jigs finances US-listed bulker player enters into new $250m revolving credit facility to help finance capesizes.
Hanjin inks China yard venture South Korean shipowner teams with Chinese firm to establish new dedicated repair facility.
Stolt Offshore takes Pertinacia Oil and gas contractor will convert chartered Italian cable-layer for subsea construction work.
Pan United inks trio Singapore shipbuilder wins orders for three offshore support vessels from Ezra and Tidewater.
Premium of $100 for low sulphur bunkers 'is not on' Shipowner warning that premiums for low-sulphur bunkers are not sustainable for ship operators but suppliers offering reassurance.
Emissions: 'Doing nothing is not an option' California Governor's office pushes for action on emissions, but urges balance between regulation and economic growth.
Asia fuel oil supply set to increase in November Asia bound arbitrage cargoes to rise 20% in November, coupled with 75% increase in Korean exports.
Oil takes a hammering on signs of 'demand destruction' Bearish analysts predict fall in crude towards $50 on signs that the energy bubble has burst, others remain bullish.
Port strike starves French refineries of feedstock Reports say several refineries in French oil industry hub could be forced to shut down if strike continues.
Indonesia raises fuel prices for industry, bunker sales Latest Pertamina price decree leaves narrow margins between domestic product and international bunker sales, possibly reducing incentive for rampant fuel smuggling.
US: Evergreen faces bunker oil lawsuit Potentially huge lawsuit files against Taiwan-based Evergreen after bunker spill in US.
$1,000 marine fuels, anyone? The price for marine distillates has broken through the $1,000 pmt barrier in Ecuador.
Base oil output down in US, Europe - shortages expected Base oil plants in US Gulf yet to reopen, while industrial action prompts European plant shutdown.
Chemoil offers delivery documentation online US supplier offers customers downloads for invoices and bunker delivery receipts.
Singapore: Stocks of residual fuels and distillates up
Rotterdam market lower again with suppliers busy
JV company reveals additional storage capacity at Taichung Bunker supply JV Coastal Performance International will soon be expanding its storage capacity at Taichung port by 495,500 mt.
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