Joint air patrol over Malacca Strait DEFENCE chiefs from four South-east Asian nations have agreed to begin coordinated air patrols over the pirate-infested Malacca Strait next week to quell foreign jitters about security in the world's busiest shipping lane, officials said yesterday.
Cosco Pacific's H1 profit doubles on trade boom BEIJING- backed container leasing firm and port investor Cosco Pacific Ltd said yesterday first-half earnings more than doubled, thanks to China-driven growth in seaborne trade, although worries that the global shipping boom is past its peak have been a drag on its stock this year.
Admiralty Casebook
Bankruptcy jurisdiction over vessel sales upheld AUS appeals court last month ruled that US district courts' bankruptcy jurisdiction extends to vessels that have not been arrested within the courts' admiralty jurisdiction, rejecting any lingering notion of an apparent clash between US bankruptcy and admiralty laws.
Joint air patrol over Malacca Strait DEFENCE chiefs from four South-east Asian nations have agreed to begin coordinated air patrols over the pirate-infested Malacca Strait next week to quell foreign jitters about security in the world's busiest shipping lane, officials said yesterday.
Cosco Pacific's H1 profit doubles on trade boom BEIJING- backed container leasing firm and port investor Cosco Pacific Ltd said yesterday first-half earnings more than doubled, thanks to China-driven growth in seaborne trade, although worries that the global shipping boom is past its peak have been a drag on its stock this year.
Admiralty Casebook
Bankruptcy jurisdiction over vessel sales upheld AUS appeals court last month ruled that US district courts' bankruptcy jurisdiction extends to vessels that have not been arrested within the courts' admiralty jurisdiction, rejecting any lingering notion of an apparent clash between US bankruptcy and admiralty laws.
Nations unite on Malacca security pact THIRTY-four states agreed yesterday to co-operate on ensuring safe navigation and security in the Malacca Strait and to explore burden sharing with certain states keen to play their part.
Pirates and terrorists 'not linked' INDONESIA has rejected the idea of a link between pirates in the Malacca Strait and maritime terrorism, writes Marcus Hand.
CP Ships' share price rises on talk of rival takeover bid GERMAN tourism and shipping group Tui may still face competition for CP Ships, with rumours buzzing that other buyers are preparing hostile bids.
Ancora buys quartet of Prisco handysizes in $100m deal GREEK tanker operator Ancora Investment Trust has struck a $100m deal to acquire four handysize product tankers from Primorsk Shipping Corporation of Russia (Prisco), it has emerged, writes Nigel Lowry in Athens
Hoverspeed boss threatens hard line over unions HOVERSPEED managing director Geoffrey Ede is threatening to cut conditions for officers at the UK cross-Channel fast ferry operator, after being forced to concede union recognition to Numast.
Hurtigrute owners in merger talks THE boards of the two companies that operate the Norwegian Coastal Express or Hurtigrute service - Troms Fylkes Dampskibsselskap (TFDS) and Ofotens og Vesteraalens Dampskibsselskab (OVDS) - are to launch merger talks
Germany combines safety agencies THE German government has decided to concentrate all authorities responsible for maritime security and safety matters in a new coast guard-type organisation
ASRY breaks repair record ARAB Shipbuilding and Repair Yard completed repair work on a record 111 vessels in the first eight months of 2005
Second pilot helicopter crashes ONE person died and another is missing after a helicopter from Le Havre pilot station crashed early this morning, a few miles off Antifer, the Le Havre oil offshore port
Cruise ships avoid Atlantic storms TROPICAL Storm Ophelia is diverting cruise traffic along Florida's eastern coast today, while Hurricanes Maria and Nate are tracking toward trans-Atlantic shipping lines
Costa leads US back to Libya CARNIVAL Corp subsidiary Costa Crociere has unveiled plans to significantly increase the number of calls at ports in the North African country of Libya
Ports start to rebound from Katrina While the storm scattered ocean containers at the Port of New Orleans (left), ship traffic is gradually returning to the lower Mississippi and Gulf region.
Maersk recovers unpaid port security surcharge from shippers Maersk Sealand will charge its customers the port security charge in south China and Hong Kong that it has never paid for, starting on October 1.
Cosco Pacific may sell shares in Nansha Phase II Cosco Pacific says it has high hopes for the massive Nansha Port project in South China, but may sell part of its interests if the return is good.
CMA CGM resigns from ANZ conferences
Samudera: latest charter vessels hired at 'lower-than spot rates'
Re-assessment of Malacca Straits piracy will see insurance costs surge
ACCC knocks back Patrick's FCL buy
Good response to Saudi coast to coast rail link tender
Horizon hires Handy The head of US military transportation is stepping directly into top management at Horizon Lines after retiring yesterday.
Katrina hire rates 'lopsided' Micky Arison's Carnival Corp is getting three times as much per evacuee as another owner for ships used in relief efforts.
EU okays late yard subsidies Technical complexity of Fortum products tankers justifies subsidies for Portugal's Viana do Castelo.
MCA finds crew starving UK port-state authorities have grabbed a Georgian-flagged ship whose unpaid crew was surviving on bread and olives.
Quintana moves into Capes Newly-listed bulker operator buys two from NS Lemos as it looks to tap founders' commodity expertise.
Courage sets a target Owner of elderly bulker fleet aims to raise up to $50m on Singapore exchange.
Korea waives box charges Launch of three new berths in Busan next January prompts government incentives.
Clean rates hit record Worldscale 500 paid for products tanker from Med to US in wake of Hurricane Katrina.
ICG in the black Irish Ferries parent boosted by growing ro-ro volumes in first half, but could face trouble over foreign crewing proposals.
VAT hurting European cruising? Maltese MEP calls for an end to tax regime for cruise lines in EU waters.
Refugees reject cruise ships Victims of hurricane Katrina opt for squalor rather than luxury afloat.
Palmali orders again Turkey-based owner builds orderbook with Russia's MNP group with five more cargoships.
Norwegians talk merger Ferry operators OVDS and TFDS will begin tie-up discussions on Thursday.
Transatlantic invests in fleet vessels Swedish Rederi AB Transatlantic, RABT, invests SEK 120 million (EUR 12.9 million) to increase its ownership in vessels already trading ...
Finnlines opens ro-ro-servce to Muuga In the beginning of October Finnlines opens a ro-ro-service between L'beck and Muuga. The new service is operated ...
Coaster lost its captain The Danish coaster "Vinland Saga" has lost its captain in the East China Sea in the waters between China and ...
One-fifth of ships require modification to burn low sulphur fuel A Port of Los Angeles study has concluded that one-fifth of ships surveyed would require modifications to meet future proposals for low sulphur fuels in US ports.
Falzon not surprised at yacht's return after test analysis Maltese bunker supplier Falzon Group says it is not surprised at the return of the super-yacht M/Y Pelorus after independent analysis cleared the company.
Poland: New board appointed at Ship-Service After several delays a new board of directors has been appointed to Polish bunker supplier Ship-Service SA.
DOE & API: Oil stocks show the blow from Katrina Gasoline and crude inventories sharply lower, but refining takes the biggest knock.
MPA: Bunker testing advisory panel for Singapore MPA move to form advisory panel comes in wake of controversy over samples showing sulphur above 4.5%.
Rotterdam barge market bids move up nearer offers
Singapore: Residual fuel stocks down, middle distillates up
Japan: Retroactive bunker fuel price up in August Nippon Oil Corp and Nippon Yusen KK have agreed to increase the retroactive price for 180 cst bunker fuel in August.
High prices of mid-sea bunkering halt deep sea fishing The sharp hike in mid-sea bunkering prices has caused deep sea fishing in Indian waters to come to a standstill.
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