China bets on Yangshan port SHANGHAI's container cargo handling capacity will double to 30 million boxes by 2010, after last Saturday's opening of the US$16 billion Yangshan deep-water port, dislodging Hong Kong as the world's busiest harbour.
Four Asean nations to boost marine security FOUR South-east Asian countries agreed yesterday to start joint sea patrols to fight cross-border crimes and beef up security in piracy-prone waters around the southern Philippines, officials said.
Audit scheme hailed as big step ahead for safety THE adoption of a framework for the voluntary audit scheme by the International Maritime Organisation's general assembly was heralded by the shipping community as a major step forward in promoting navigational and environmental safety.
Threat to close Irish Ferries as dispute escalates IRISH Ferries' parent company Irish Continental Group has threatened to close the business unless a bitter flagging out dispute is resolved rapidly, according to reports from the Irish broadcaster RTE.
Institutions waver over backing Dubai's P&O bid Cracks have appeared in the institutional support which Dubai Ports World revealed in its £3.3bn ($6.2bn) bid for P&O, the British ports and ferries group, writes Tony Gray.
EU faces insurance shortfall over Galileo THE European Union is working on the assumption that it will be able to insure only about €1bn ($1.3bn) of the potentially huge liabilities arising from the Galileo satellite navigation project.
Liberty capacity hits £912m LIBERTY Syndicates has unveiled a big increase in its Lloyd's capacity for 2006, to a record level £912m ($1.6bn).
Commons to investigate impact of piracy on UK UK MPs are to hold an inquiry into the issue of piracy on the high seas, the House of Commons transport committee has announced, writes David Osler.
Samsung in talks over LNG defects SAMSUNG Heavy Industries plans to meet owners of liquefied natural gas carriers built by the South Korean yard employing the Mark III containment system, which has encountered problems on one vessel.
A&P closes Southampton facility A&P, the UK's leading shiprepair company, has closed its facility in Southampton, where the company operated the King George V dry dock
Ship emission rules could be short-lived THE California Air Resources Board has unanimously approved regulations on smoke emissions from ocean-going ships - but the rules face certain legal challenge
Hamers to head up IHC Holland DUTCH dredging specialist IHC Holland Merwede is to appoint Govert Hamers, currently MD at Imtech Marine, to replace Sjef van Dooremalen as President-Director
Peru 'wins' in trade talks with US PERU is to drop tariffs on US imports as part of a bi-lateral trade agreement struck by the two countries this week
Support for DP World's P&O bid on the wane? Support for DP World's bid for P&O Group appeared to be on the wane today, as the Dubai company admitted that some shareholders had withdrawn their support.
CMA CGM withdraws from TSA CMA CGM has given customers notice of its withdrawal from the Transpacific Stabilization Agreement with effect from December 2, leaving only 11 prominent ocean carriers remain within the TSA.
String of measures to support HK throughput
India, Pakistan agree to update shipping protocol
New barging facilities will call Kwai Chung
Korea strikes back against Yangshan challenge
Big industry players move into Yangshan logistics park
Busan New Port dredging done
Existing transport-services could benefit from EU priority axes
Iran to help Venezuela build ships The Islamic Republic of Iran and the Bolivarian Republic of Venezuela are getting together on building tankers and LNG carriers.
Goldman moots Matson IPO A top analyst has opened coverage of Alexander & Baldwin with an outperform and a juicy piece of speculation.
German pay breakthrough Employers claim deal done on flag of convenience agreements but union says there are matters still to resolve.
Stellar resale gains Ghassan Ghandour books a near $50m profit on sale of 2006 delivery VLCC.
Tallink goes to premium Shares in Estonian ferry group make robust debut on Tallinn stock exchange.
Viking keeps Rosella Finnish Ferry company backtracks on reflagging after new union agreement and drops plan to appeal UK court ruling.
APL targets rubles Singapore-owned box line expands Russian reach with new eastern bases.
Irish Ferries in quit threat Management of ferry operator reportedly tells union it could close company as strike continues.
India, Pakistan sign shipping pact Governments to amend 1975 protocol to relax cargo transport restrictions.
Great Eastern refinances Indian owner set for big interest payment savings under $53m loan package.
Shreyas plots expansion Directors of Indian boxship player to consider ways of raising INR 3.5bn for growth.
Algoma takes a hit Canadian owner restates nine-month profit to include costs of transferring tanker from US to domestic flag.
Maersk wins US Navy charter Potential five year deal for containership fixture to Military Sealift Command could be worth $65m.
Fredriksen buys into Mosvold Oslo-listed offshore venture SeaDrill acquires close to 40% in Mosvold family drilling venture.
Maritrans raises $73.1m US tank-barge and lightering operator aggress to sell 3m new shares to fund various needs.
MISC seals FSO job Malaysian shipowner to convert former Pleiades tanker for oil storage work off domestic coast.
US Shipping fixes Houston Morgan Stanley Capital Group takes twenty-year-old handysize for coastwise Jones Act trade.
Human error behind collision A human error. That is the preliminary conclusion from the Danish Maritime Authorities on the collision between "Vertigo" and "Ziemia ...
Stora Enso to expand maritime logistics system Next summer, the Nordic forest giant Stora Enso expands its North European distribution system NETSS ((North European Transport Supply System ...
Seca surcharge likely Vessels operating in the North Sea and Baltic, the two first Sulphur Emission Control Areas (Seca), will have to introduce ...
California adopts strict new bunker controls Auxiliary engine emissions law approved as first step towards new sulphur limits and a possible SECA for California.
Ship operators facing year-end 'price hike' Oil companies are offloading their bunker fuel inventories into the market before the year-end, resulting in a number of price troughs. But price hikes could be round the corner, say sources.
'Market maker' leaves Fujairah to return home One of the most prolific bunker personalities in Fujairah is packing his bags after more than 20 years of activity in the Middle East bunkering hub.
South Korean refiner strengthens Asian presence Leading South Korean refiner on track to become the fourth largest refiner in the Asia-Pacific region with acquisition.
Rotterdam bids/offers $7 apart at midday
No real alternative to low sulphur fuel oil Prohibitive costs will leave ships plying SECAs with no real alternative to burning LSFO, industry player claims.
New instances of high cat fines in Rotterdam Fuels with cat fine levels above ISO 8217 standard limits have again been found in Rotterdam.
Singapore exchange hops on bunker contract bandwagon Bunker hedging options set to grow as Singapore SGX announces clearing for OTC deals around the same time as Dubai exchange launches marine fuel contract.
Japan: November 180 cst contract price fall on month Nippon Oil Corp and Nippon Yusen KK have agreed to lower the retroactive 180 cst contract price for November.
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