Malacca Strait's 'high-risk' grading reversible: insurers A decision to designate the Malacca Strait sea lane as 'high risk' and prone to terrorism could be reversed, London underwriters said on Friday amid mounting criticism of the move.
AP Moeller wraps up 2.3b euro P&O deal AP Moeller-Maersk A/S, the world's biggest container-shipping company, secured enough shares to complete its 2.3 billion euro purchase of Royal P&O Nedlloyd NV, the shipping industry's biggest ever takeover.
Mitsui OSK boosts Q1 profit as Kawasaki Kisen sees fall MITSUI OSK Lines Ltd, Japan's second-largest shipping company, said first-quarter profit rose 37 per cent as it carried more cargo and paid less for fuel than rival Kawasaki Kisen Kaisha Ltd.
Mercator raises 3b rupees from bond sale
Far East Sea Shipping may sell ADRs abroad: report
Washington signs $1.9bn management deal to strengthen Ready Reserve Fleet A NEW set of shipmanagement contracts collectively worth $1.9bn over 10 years, signed by the US Maritime Administration, has extended a US Department of Transportation programme that draws on merchant cargoships to supply US forces in combat areas.
Panamax operators under the cosh as dry bulk decay sets in RAPIDLY falling dry bulk rates are leaving some panamax operators feeling the pain, with several timecharterers seeking renegotiation or even early redelivery.
UK tightens noose on tax lease scheme THE British government has tightened the timetable for phasing out tax-based ship leasing outside the tonnage tax regime.
SCT awaits straddle outcome SOUTHAMPTON Container Terminals expects to hear early this week whether six brand new straddle carriers suspended from operation after an accident are safe.
Boeing flies further into maritime services market THE Boeing Co is set to take another bite out of the shipping market with the launch of a range of navigation and information systems by its Jeppesen subsidiary.
NYK joins Hong Kong police for antiterrorism exercise AS TENSION builds over the Malacca Strait ' cited as a possible target for a terrorist attack ' NYK recently joined an antiterrorism exercise with the Hong Kong Police Force.
Belize becomes Caricom PSI first BELIZE yesterday became the first Caricom country to sign a bilateral Ship Boarding Agreement with the US under the Proliferation Security Initiative
Anger erupts over Scottish orders SCOTTISH business and political interests have strongly condemned the placing of newbuilding orders with a Polish yard rather than at struggling Ferguson
Vancouver backlog clearing As truckers return to work, clean-up of strike-bound containers at port's two largest terminals could be completed in less than a week.
AP Moller Maersk controls 95.6% of RPONL AP Moller Maersk (APMM) controls 95.6% of Royal P&O Nedlloyd (RPONL), after 51.5% of ordinary shares had been tendered before the public offer period closed yesterday afternoon.
Vancouver box clearance picks up momentum Around 92 truck licences have either already been approved or are pending approval according to the Canadian International Freight Forwarders Association (CIFFA), today.
Protesters lose court bid to halt Melbourne dredging trials
Sale of FESCO state stake must take place, but where?
OOCL faces H2 uncertainties
Injunction against Chennai second box terminal denied
Genoa to start port modernisation in the autumn
Groundbreaking held for MOL terminal at Jacksonville
Korean shipowners ask for extension to port fee reductions
China's cotton supply/demand in balance despite weather
Demand forces open EU's door for Chinese sweater imports
CK Line brings in increasing volumes to Mokpo Port
A.P. Møller-Mærsk secures 95.6 per cent of Royal P&O Nedlloyd Mission accomplished! That seems to be the words when the final date, 4 August, for the A.P. Møller-Mærsk acquisition ...
New plan for a huge container terminal A planned new container terminal at Stigsnæs on Sjælland will not be built on contaminated soil as planned. The Baltic ...
Polish Baltic Shipping to sell everything but ferries The Polish state has despite several efforts since 1993, failed to privatize the fully state-owned Polish Baltic Shipping, PBS ...
New EU study on ship emission controls near completion A feasibility study for the European Commission aims to define the tools that may eventually lead to ship emissions trading.
Singapore suppliers: Platts' MOC 'right' despite flaws Singapore bunker players see little alternative to Platts' pricing system, but admit there is room for improvement, Bunkerworld magazine reveals.
Resupply fears spark West Coast MDO spike Marine diesel oil prices on the North American West Coast jump on resupply costs but Vancouver shrugs off train derailment.
Colombia looks to expansion plans But inadequate infrastructure holding back potential growth in Colombian bunker market.
Wartsila engine orders double Company warns that that reduced availability of building berths and higher yard prices will reduce new orders.
New EU study on ship emission controls near completion A feasibility study for the European Commission aims to define the tools that may eventually lead to ship emissions trading.
China: Diesel shortage could increase fuel oil demand A current shortage of diesel in southern China could prompt increased Chinese demand for straight-run fuel oil as refiners see margins widen.
Russia: Economy minister calls for oil tax review Russian economy minister says oil taxes must be reviewed by year-end, but may slash fuel oil export duty in the next week.
Bosphorus passage delays possible boon for bunkering Istanbul suppliers keen for owners to take advantage of prompt supply opportunities during idle time.
OPEC output nears 26-year high OPEC output level rose 290,000 bpd in July to its highest level since December 1979, nearing 26-year high.
Rotterdam follows crude higher
Hong Kong: 380 cst faces shortage of supply A delay in ExxonMobil's 380 cst cargoes has led to a slight shortage in supply of the bunker fuel in Hong Kong.
Major oil spills on the decline Statistics released by the International Tanker Owners Pollution Federation have shown a decline in the number of major oil spills from ships worldwide.
Singapore suppliers: Platts' MOC 'right' despite flaws Singapore bunker players see little alternative to Platts' pricing system, but admit there is room for improvement, Bunkerworld magazine reveals.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
