Top Asian shipping lines see freight rates falling next year THE cost of shipping containers may fall in 2006 for the first time in five years as a record number of new ships are delivered and congestion eases at major harbours, say executives of three of Asia's largest shipping lines.
Malaysian ports need to cut turnaround time: Barwil MD COST-cutting is the buzz word in most businesses including the port industry, says Winston WF Loo, managing director of Barwil Agencies Sdn Bhd.
Carnival defends Katrina contract to US lawmakers CARNIVAL Corp has defended its US$236 million US government contract to provide ship-based housing after Hurricane Katrina.
Somali pirates attack Seabourn Spirit THE pirates who attacked a luxury cruise liner off Somalia's coast yesterday were likely to have been from the same group that hijacked the Semlow, a maritime official said today.
End of an era as Sea Containers quits ferry operations DEBT-ridden Sea Containers has finally called time on its long struggle to stay in shipping, putting its principal ferry division up for sale and closing another.
NUMAST's anger OFFICER'S union NUMAST has reacted angrily to Hoverspeed's closure, writes David Osler .
Ship operating costs 'rise 34%' SHIPPING costs have jumped 34% over the year, according to impending revisions from the Worldscale Association, writes Martyn Wingrove.
Louis Dreyfus in talks over Indonesian bulk venture FRENCH bulker operator Louis Dreyfus Armateurs is to set up a shipping company in Indonesia to operate bulk carriers under that country's flag.
US 'ignored' Brussels THE US government bypassed Brussels when trying to influence two European transport initiatives, a new book has revealed, writes Justin Stares.
TEN counts storm costs TSAKOS Energy Navigation's third-quarter profits fell in the wake of Katrina and Rita's 'severe disruption' of the oil supply/demand relationship
Thousands march against Irish Ferries SEVERAL thousand people marched through the streets of Dublin yesterday to protest against a move by Irish Ferries to replace 543 workers with agency seafarers
Odessa loses in black sea oil stakes ALTHOUGH Russian ports on the Black Sea are enjoying record high levels of crude oil shipments, the Ukrainian ports have seen their flows of Russian oil dwindle
Carriers voice concerns as Yangshan opens for business Carriers are concerned that operational limitations and the local climate may effect Yangshan, Shanghai's prestigious new container port, when its starts operations on November 29, one month ahead of schedule.
OTHCs land AELA in trouble with ACCC The Australian Competition and Consumer Commission will investigate origin terminal handling charges levied by members of the Australia Europe Liner Association following a complaint by the Australian Peak Shippers Association.
ARTC sounds warning over Patrick takeover
French and Italians move to Busan New Port, Danes stay put
Spiralling costs hit Asian carrier's profits
Minister promises more support as Hanjin's Eurogate berth goes live
Sea Containers intend to sell Silja The board of Sea Containers has decided to entertain offers to buy Silja. The financial service group Société Générale has ...
More user-friendly gas transport Japanese designers have developed a new, more user-friendly containment system to transport gas at sea. The new vessels would ...
Fredriksen Arcadia takeover in January John Fredriksen company Farahead Holding, which is linked to Seatankers Management in Cyprus, will acquire the Mitsui oil trading company ...
Avails tight in Panama, again Bunkers scarce as suppliers selling out of product and prices expected to rise with higher resupply costs.
Montreal fuel oil dries up Suppliers in Montreal awaiting resupply after refinery 'glitch' and steady demand empties fuel oil tanks.
Falmouth STS oil transfer plans meet with skepticism Proposal for STS crude oil transfers in Falmouth Bay viewed with skepticism despite years of bunkering operations in the area.
Hanjin: Bunker costs see operating income decline 43% High bunker prices hit yet another shipping company in Q3.
Surging bunker prices push up Worldscale rates The 2006 edition of the new Worldwide Tanker Nominal Freight Scale has been revised to reflect surging bunker prices over the past year.
Rotterdam firm in line with crude surge
Philippines: Authorities to monitor sales tax of oil products The Bureau of Internal Revenue has issued a circular to clarify the guidelines on the tax treatment of oil products, which include bunker fuel, sold to international vessels.
Bunker industry speaks up for Singapore's CP60 Bunker suppliers say tampering with samples is not possible under CP60, and some suggest accreditation scheme might be extended to other market participants.
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