Asia freight rates regain strength on China demand SHIPPING rates in Asia have regained strength this week, shrugging off a bearish mood seen late last year amid hopes that demand from China will pick up ahead of the Chinese New Year in February.
Shipping derivatives growth to slow, brokers say THE shipping-derivatives market will probably expand by 20 per cent this year, the Forward Freight Agreement Brokers' Association said.
Shipyards may raise prices 10% in Jan: broker Hyundai Heavy Industries Co, Daewoo Shipbuilding and Marine Engineering Co and other shipbuilders may raise prices 10 per cent this month, Oslo-based shipbroker Fearnleys AS said in a market report.
Aker Yards set to win 1.2b euro order
India's Petronet adds 3 ships to meet LNG demand
Port Shots
PORT SHOTS NIPPON Yusen KK, Japan's largest shipping company, and Denmark's J Lauritzen A/S plan to create a joint venture to operate ships carrying refrigerated cargo.
Asia freight rates regain strength on China demand SHIPPING rates in Asia have regained strength this week, shrugging off a bearish mood seen late last year amid hopes that demand from China will pick up ahead of the Chinese New Year in February.
Shipping derivatives growth to slow, brokers say THE shipping-derivatives market will probably expand by 20 per cent this year, the Forward Freight Agreement Brokers' Association said.
Shipyards may raise prices 10% in Jan: broker Hyundai Heavy Industries Co, Daewoo Shipbuilding and Marine Engineering Co and other shipbuilders may raise prices 10 per cent this month, Oslo-based shipbroker Fearnleys AS said in a market report.
Aker Yards set to win 1.2b euro order
India's Petronet adds 3 ships to meet LNG demand
Port Shots
PORT SHOTS NIPPON Yusen KK, Japan's largest shipping company, and Denmark's J Lauritzen A/S plan to create a joint venture to operate ships carrying refrigerated cargo.
Shell Marine Products expands operations in US Gulf SMP announce new operation offering intermediate fuel oil and marine gasoil in US Gulf port of Mobile - as major continues its focus on core regions.
Red Sea gas oil makes sharp upward correction
Stalled cargo loadings and bad weather disrupt Fujairah supply Sources in Fujairah have said that delays to cargo arrivals and bad weather are placing extra pressure on an already tight market.
Total Marine Fuels resumes operations in Dakar Total Marine Fuels resumes operations in Dakar, Senegal after an absence of approximately two years.
Rotterdam market firm
Singapore: MPA keeping close watch on cargo arrivals The Maritime and Port authority of Singapore has said it is keeping a close watch on recent fuel oil arrivals after high sodium levels were found in some fuels.
Titan in final talks over China's biggest storage facility Titan in final talks with state run oil giants to build China's biggest fuel storage facility at a cost of two to three billion yuan.
Freight rates up, dollar down, predicts shipping consultant The shipping accountant and consultant Moore Stephens foresees more of the same for buoyant shipping sector in 2005.
Italian tanker owner fined for dumping bunker fuel Court rules against owner, despite claims that Mediterranean spill was vegetable oil and not bunker fuel.
Norden chief Krabbe dies at 62 Steen Krabbe (left), president and chief executive of Danish bulk shipping group Norden, died yesterday after being ill for many months, writes Tony Gray .
Lloyd's Register denies overcharging UN in Iraq oil-for-food programme LLOYD'S Register has hit back at claims that it may have overcharged the United Nations during the Iraq oil-for-food programme in the 1990s.
Bonner warns of Trojan box threat "THE container is the potential Trojan horse of the 21st century," capable of delivering terrorists or weapons of mass destruction into the heart of the United States via the maritime transport system.
Japan urges Malacca Strait safety JAPAN wants Indonesia, Malaysia and Singapore to take more action to secure shipping in the Malacca Strait against the dual threat of piracy and terrorism.
Angelicoussis in swoop for VLCCs JOHN Angelicoussis has swooped for a pair of ChevronTexaco-chartered very large crude carriers, underlining his group's continuing appetite for modern supertankers.
Chinese import figures released THE extent of China's growing appetite for imports has been revealed in the latest statistics from the country's General Administration of Customs
Brazilian car exports booming AUTOMOBILE production in Brazil grew 20% in 2004 which in turn led to an increase in exports of 52%, according to the Brazilian Auto industry Association
Storms sever LA rail service UNION Pacific has embargoed rail service moving inland from Los Angeles/Long Beach in the wake of storm-related track damage ' and a port backlog is expected
New York prosecutor sues CATS NEW York's notoriously aggressive attorney general, Eliot Spitzer, is suing embattled fast-ferry operator Canadian American Transportation Systems for fraud
Union Pacific limits key rail lines Heavy rains and flooding in Southern California and in Nevada have washed out rail routes serving the LA-Long Beach port complex.
Intermodal has to work smarter: Exec Despite strains, there should be enough capacity if truck and rail carriers manage their assets wisely, trucking executive says.
Storms force LA rail closures Union Pacific Railroad (UP), faced with severely damaged tracks from record rainstorms, declared an embargo yesterday on all freight traffic transiting Los Angeles and Long Beach ports.
Can the S&P market stem the charter tide?
Export outlets for US goods being choked off by rate imbalances, say Portland
CIMC to launch wireless cargo security system with GE
MISC denies sale of boxship division
Trans-Siberian blockage 'affecting movement'
HK landing point for cross-border bridge chosen
Protect exporters from high rates says Chamber of Commerce
Norwegian owners reluctant to order Norwegian owners ordered on 90 newbuildings totalling 2.9 million DWT last year. The orders are worth between NOK 19.0 and ...
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