Raising of Malacca Straits risks upsets tanker owners THE world's largest oil tanker grouping will be meeting with London underwriters later this month to relay a 'sense of reality' after an advisory committee there designated the Malacca Straits as a war and terrorism risk.
Admiralty Casebook
Vessel reflagging an act of establishment THE International Transport Workers Federation suffered a major blow last month when an English court granted Finland's Viking Line a permanent injunction to prevent the London-based ITF from taking industrial action to prevent the re-flagging of a vessel.
Raising of Malacca Straits risks upsets tanker owners THE world's largest oil tanker grouping will be meeting with London underwriters later this month to relay a 'sense of reality' after an advisory committee there designated the Malacca Straits as a war and terrorism risk.
Admiralty Casebook
Vessel reflagging an act of establishment THE International Transport Workers Federation suffered a major blow last month when an English court granted Finland's Viking Line a permanent injunction to prevent the London-based ITF from taking industrial action to prevent the re-flagging of a vessel.
Terror as blasts rock the streets of London FOUR bombs exploded during London's morning rush yesterday, bringing carnage and chaos to the city centre as the transport system was closed down immediately after the attacks.
Frayed nerves send stocks plummeting in financial centres MARKETS took a beating yesterday in the wake of the bomb attacks with the FTSE 100 index down 150 points or nearly 3% at one stage, while Lloyd's of London said it was too early to assess the financial impact on the insurance market.
Attackers 'likely to be UK residents' IT APPEARS likely that most of the perpetrators in the attacks had been residing in the UK previous to any plans conceived for carrying out the attacks, and that external expertise was likely limited and restricted to providing bomb-making information, writes Simon Sole of Exclusive Analysis .
Insurers are let off the hook on City bomb blasts INSURERS are unlikely to pay a large bill for the London bomb attacks because the government-backed insurance pool is expected to pick up most of the damage cost, analysts said.
Blair determined after London blast IN a televised statement at noon today, UK prime minister Tony Blair spoke of the country's determination not to let the terrorist attacks in London this morning destroy "our values and way of life".
Carnival issues fuel warning CARNIVAL Corp has warned that increased fuel prices could further impact earnings for the remainder of the year
India relaxes LNG import rules INDIAN prime minister Manmohan Singh has ordered a change in LNG policy to allow the gas purchaser the choice of carrier
Drunken master pleads guilty THE Ukrainian master of the 1,394dwt general cargo vessel Hoo Tern has pleaded guilty to being over the alcohol limit
SCI and IOC to sign charter deal INDIAN Oil Corp is finalising a contract of affreightment with Shipping Corp of India for shipment of 9M tonnes crude oil from west Asia
Varun records strong 2Q VARUN Shipping, India's largest LPG shipping company, today posted net profit of Rs268M ($6M) for 2Q05, well ahead of the same quarter last year
Canadian shippers alarmed over long Vancouver trucking dispute Canadian exporters and manufacturers today voiced serious concerns over the prolonged trucking dispute on Canada's west coast that could enter its third week from Monday.
Latest US BSE case beefs up ANZ meat exports Discovery of a new case of BSE in the US has re-opened opportunities for Australian and New Zealand beef-producers, but industry says its ability to satisfy demand may be limited.
'Oil-dollars' pump up Russian container-volumes
Tuticorin sets date for second box-terminal bid meeting
Westport confident of meeting 2010 volume targets
China mulls oil pollution fund following Dalian collision
Surcharge rises rampant in ANZ trades
Busan New Port prepares first three berths for operations
Storms move north through US Gulf and Caribbean
CMA CGM confirms A to Z agenda: from Antwerp to Zeebrugge
New feeder service links Port Klang with SE Asian neighbours
Alabama sets mid-2007 date for new facility opening
Consafe Offshore acquires "Safe Concordia" Consafe Offshore through its wholly owned subsidiary Safe Concordia Ltd has entered into an agreement with Keppel Offshore & Marine Limited ...
Scandlines split from joint route with DFDS Scandlines is going to split from the joint route with Lisco Baltic Service in the DFDS Group. Scandlines has decided ...
Fredriksen raises share in Golar John Fredriksen has bought another 1.5 million shares in Golar LNG, sending NOK 128 million through his company World Shipholding ...
Terror attacks and Dennis behind sluggish US markets Terrorist attacks in London and Hurricane Dennis responsible for subdued market as enquiries on USEC and USGC digest news and watch crude, suppliers report.
Hurricane Dennis hits Jamaica, heads for US Gulf Local bunker supplier closed and disruption expected in the Gulf over the weekend.
DOE & API at a glance: This week's US inventory figures
Chimbusco: Hong Kong venture first sign of global expansion Officials at China Marine Bunker Supply Co. (Chimbusco) have said that the company's purchase of a majority stake in Hong Kong bunker supplier Pan Nation, is part of its plan to gain a global presence in the marine fuels market.
Royal Vopak secures '500 million revolving credit facility Tank terminal operator, Koninklijke Vopak NV (Royal Vopak) announced today that the company has signed a new five-year '500 million revolving credit facility.
Videotel launches Marpol Annex VI training package Maritime training provider, Videotel Marine International has produced a training package to help ship operators, officers and crew understand the complexities of MARPOL Annex VI.
Rotterdam surges despite crude plunge
Oil volatile, bunker suppliers wary as blasts rip through London Following several explosions in London, crude dips before recovering in New York later in day; some bunker players not quoting due to the volatility of the market.
Feasibility study underway for new Singapore storage facility Bunker supplier and cargo market player reportedly conducting feasibility study for onshore storage facility in Singapore.
Singapore: Fuel stocks hit 12 million barrels Singapore's weekly residual fuel stocks increased more than one million barrels, while bunker fuel prices have surged since one week ago.
Sri Lanka de-listed from Hull War Risk Sri Lanka's high bunker prices still a deterrent against strong bunkering activity, even after the country is de-listed from the Lloyds Market Association's Hull War Risks.
Malaysian shipowner pays oil spill settlement A Malaysian shipowner settled a payment of $250,000 to Taiwan-based Keelung Fishermen Association for spilling heavy fuel near Keelung port.
Petrojam and PDVSA MoU agreed, more deals on the table Venezuelan refiner looking to enhance regional refining and also orders new tankers.
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