IMO to debate controversial anti-terrorist provisions CONTROVERSIAL amendments to the Suppression of Unlawful Acts At Sea convention, including the ability to board and search vessels on the high seas without flag-state permission, are being debated by International Maritime Organisation members this week.
Gurkhas deployed at S'pore ferry terminals IN the wake of the London and recent Bali terrorist bombings, the Singapore Police Force has stationed members of the elite Gurkha Contingent at passenger ferry terminals across Singapore.
China Shipping's Q3 sales up 25% on cargo growth CHINA Shipping Container Lines Co, which operates the country's biggest ocean transportation company, said third-quarter sales gained 25 per cent as expanding trade increased cargo volume and sent freight rates higher.
Commodity shipping rates expected to rise
Top Tankers buys three tankers for US$177m
Logistics
DHL to make Hong Kong largest hub outside US DHL, the German express group, is investing US$110 million to double the capacity of its cargo handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
Japan Post in tie-up talks with courier firms JAPAN Post is nearing the final stage of talks on tie-ups with several major couriers such as TNT Post Group of the Netherlands and Japan's Nippon Express Co, a news report said yesterday.
LOGISTICS BRIEFS PANALPINA Welttransport Holding, a Swiss logistics and transport company, opened a logistics service centre in the United States to handle growing demand from the automotive business.
Port Shots
PORT SHOTS UK shipping minister Steve Ladyman said last week that he would like to see non-EU crew members on ferries trading between EU ports subject to the same immigration controls as other non-EU citizens working within the trading bloc.
IMO to debate controversial anti-terrorist provisions CONTROVERSIAL amendments to the Suppression of Unlawful Acts At Sea convention, including the ability to board and search vessels on the high seas without flag-state permission, are being debated by International Maritime Organisation members this week.
Gurkhas deployed at S'pore ferry terminals IN the wake of the London and recent Bali terrorist bombings, the Singapore Police Force has stationed members of the elite Gurkha Contingent at passenger ferry terminals across Singapore.
China Shipping's Q3 sales up 25% on cargo growth CHINA Shipping Container Lines Co, which operates the country's biggest ocean transportation company, said third-quarter sales gained 25 per cent as expanding trade increased cargo volume and sent freight rates higher.
Commodity shipping rates expected to rise
Top Tankers buys three tankers for US$177m
Logistics
DHL to make Hong Kong largest hub outside US DHL, the German express group, is investing US$110 million to double the capacity of its cargo handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
Japan Post in tie-up talks with courier firms JAPAN Post is nearing the final stage of talks on tie-ups with several major couriers such as TNT Post Group of the Netherlands and Japan's Nippon Express Co, a news report said yesterday.
LOGISTICS BRIEFS PANALPINA Welttransport Holding, a Swiss logistics and transport company, opened a logistics service centre in the United States to handle growing demand from the automotive business.
Port Shots
PORT SHOTS UK shipping minister Steve Ladyman said last week that he would like to see non-EU crew members on ferries trading between EU ports subject to the same immigration controls as other non-EU citizens working within the trading bloc.
IMO to debate controversial anti-terrorist provisions CONTROVERSIAL amendments to the Suppression of Unlawful Acts At Sea convention, including the ability to board and search vessels on the high seas without flag-state permission, are being debated by International Maritime Organisation members this week.
Gurkhas deployed at S'pore ferry terminals IN the wake of the London and recent Bali terrorist bombings, the Singapore Police Force has stationed members of the elite Gurkha Contingent at passenger ferry terminals across Singapore.
China Shipping's Q3 sales up 25% on cargo growth CHINA Shipping Container Lines Co, which operates the country's biggest ocean transportation company, said third-quarter sales gained 25 per cent as expanding trade increased cargo volume and sent freight rates higher.
Commodity shipping rates expected to rise
Top Tankers buys three tankers for US$177m
Logistics
DHL to make Hong Kong largest hub outside US DHL, the German express group, is investing US$110 million to double the capacity of its cargo handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
Japan Post in tie-up talks with courier firms JAPAN Post is nearing the final stage of talks on tie-ups with several major couriers such as TNT Post Group of the Netherlands and Japan's Nippon Express Co, a news report said yesterday.
LOGISTICS BRIEFS PANALPINA Welttransport Holding, a Swiss logistics and transport company, opened a logistics service centre in the United States to handle growing demand from the automotive business.
Port Shots
PORT SHOTS UK shipping minister Steve Ladyman said last week that he would like to see non-EU crew members on ferries trading between EU ports subject to the same immigration controls as other non-EU citizens working within the trading bloc.
Double Hull Tankers bites the bullet DOUBLE Hull Tankers has finally succumbed to the market blues, filing a revised prospectus with US regulators that aims to raise $200m at a heavily discounted price instead of the $300m originally envisaged.
Eagle Bulk joins Double Hull in Wall Street shuffle Wall Street remained severely challenging to shipowners yesterday, as high-powered New York Stock Exchange aspirant Double Hull Tankers struggled to close its $300m deal within the desired $14-$16 a share even as Nasdaq dry bulk operator Eagle Bulk Shipping unveiled a $102m follow-on.
Restis confirms Golden Energy IPO flop but vows to go public in future RESTIS family offshoot Golden Energy Marine has confirmed it walked away from its initial public offering last week after failing to achieve the pricing it wanted, writes Nigel Lowry in Athens.
US Coast Guard 'tough but fair' on seafarers THE US Coast Guard has underlined its intention to continue to crack down hard on deliberate marine pollution incidents, while ensuring seafarers are not unfairly persecuted after genuine accidents.
Biggest single drop for Howe Robinson index HOWE Robinson's weekly containership charter index was marked down over 100 points yesterday, the biggest-ever single drop, as the market continued to weaken.
Hapag-Lloyd's Taca exit paves way for takeover HAPAG-Lloyd will resign from the Trans-Atlantic Conference Agreement in order to clear the way for CP Ships' takeover.
PDVSA files long-delayed 03 report VENEZUELAN oil giant PDVSA has finally filed its 2003 annual report with the Securities & Exchange Commission, revealing new details on the strike impact and investments in future output
Migrant Watch: US/Caribbean CHINESE migrants turned up on Puerto Rico this week, while there is an established route taking them through South America to other Caribbean islands
St Kitts patrol fights bulker blaze ST KITTS Coastguard helped prevent a near tragedy on 8 October when an engine room fire on bulker Chang An spread to the ship's galley and crew quarters
Irish withdraw from NorthLink bid IRISH Continental Group, parent company of Irish Ferries, is understood to have withdrawn its bid to take over the subsidised NorthLink shipping service
Transneft clarifies Indiga position INDIGA, a planned oil terminal on the Barents Sea for tankers to carry Russian crude from Arctic oilfields, has not been shelved, Transneft told Fairplay today
Unifeeder sends out clearer signal AARHUS, Denmark-based Uniship Group has changed its corporate identity to Unifeeder A/S
No trans-Pacific rate war: Hanjin exec Lines should be able to avoid a damaging rate war in 2006 even though capacity will top demand by an estimated 5 to 7%.
EU grants conditional OK for CP Ships buy
PNCT chief: non-port businesses should be moved from NY-NJ piers
CP Ships takeover cleared, after conference withdrawal TUI/Hapag-Lloyd's takeover of CP Ships has been cleared by the European Commission, with the proviso that Hapag-Lloyd/CP Ships should withdraw from North America-Europe conferences.
Australia Customs cargo-system switch goes ahead, with concessions The Australian Customs Service's contentious Integrated Cargo System (ICS) went live at 02:00 today, as planned, though parts of the old system will remain in short-term use.
Uneven pressure depressing entire charter market
India mulls Act to monitor shipping trade
EC: under-performing EU R&D could lead to under-performing job-market
Prison bars for 'magic pipe'? A Boston grand jury has indicted an MSC chief engineer over what prosecutors hint may have been standard operating procedure.
Dozen does it Double Hull Tankes becomes shipping's newest public company at $12 per share, 20% below original target level.
Hull damage: $100m Double Hull Tankers cuts size and pricing of its initial public offering as company pushes to get OSG sale-leaseback deal done
OSG in BP talks New York owner talks 7-year Jones Act charters with oil major for two Aker newbuildings at rates in range of $48,000 per day.
Double trouble? OSG's Double Hull Tankers IPO delays pricing and may be weighing cut-rate level of $12 per share as investors resist $15 target.
Eagle flies high US bulk operator files for second equity offering at previously unthinkable $17 per share.
Sveaas goes offshore Norwegian investor is revealed as largest shareholder in US owner Trico Marine.
Finnlines upgraded Deutsche Bank more optimistic on cost competitiveness at Finnish ro-ro company.
L&B backs down in ITF row German owner signs crew agreements for NYK Prestige and Cap Lobos after latter boycotted in Hamburg.
Supply ship refloated Norwegian offshore vessel reaches port safely after running aground off UK.
Bluewater goes public Marine insurer looks to break into US market after raising NOK 50m in Oslo IPO.
Ow to take SSC private Ow Chio Kiat makes mandatory offer for Singapore Shipping Corp after his stake passes 35%.
STX Pan Ocean slammed Singapore analyst downgrades shipowners stock to sell over acquisition of Korean Express stake.
Crew escape bulker blaze Chinese ship damaged after engine room fire off St Kitts.
Odfjell reveals profit Norwegian owner says it will book $5m from sale of two 1980s-built chemical tankers.
Georgian yard goes private Government wants $7.7m for controlling stake in Batumi shiprepairer.
TBS adds Sanko bulker US dry cargo operator buys third ship since going public with acquisition of Sea Cattleya.
US Coast Guard will 'crack down hard' on pollution The US Coast Guard makes a timely commitment to uphold pollution laws, and enforcing emissions controls may be next.
New barge to boost Puerto Rico bunkering Harbor Bunkering launching new barge by the end of the year to provide more versatility for Caribbean customers.
Bunker supply resumes at French oil port End of port worker strike allows bunkering to resume and saves refinery from shutdown.
US lubricants industry shows signs of recovery US lubricant industry beginning to recover, but observers warn that worse may still be to come.
Rotterdam firm this morning
IEA urges refineries to increase output Oil prices rose after the IEA urged oil refineries to increase output capacity in the face of high fuel products demand in the fourth quarter.
Tight supply in Singapore buoys demand in Malaysian ports Tight Singapore bunker market prompts increased demand in Malaysian ports, but supply is tight there too.
New emissions analyser gets DNV endorsement A new nitrogen emissions analyser claiming to conform with MARPOL Annex VI has won endorsement from classification society.
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