Swift action needed on Strait security IT was bound to happen. The fact the influential Joint War Committee of the London-based Lloyd's Market Association added the Malacca Strait to its listing of 21 areas worldwide at risk of war and terror attacks surprised few in the local shipping community.
Littoral states solely responsible for Malacca Strait: Jakarta INDONESIA has again made clear its stand that the three littoral states are solely responsible for the security of the Malacca Strait as it raises objections to Indian navy escorts in support of US navy operations in the Arabian Sea nearly three years ago.
Net loss will narrow in Q2, says Daewoo Shipbuilding DAEWOO Shipbuilding and Marine Engineering, the world's number-two shipbuilder, saw its net loss narrow in the second quarter from the first and earnings should turn positive in the final quarter, a senior executive said yesterday.
Greece leads revolt over ship pollution fines GREECE, Cyprus and Malta have hit out at the European Union ship-source pollution directive at a meeting of the Council of Ministers.
Panama Canal tolls 'set to quadruple in next 25 years' USERS of the Panama Canal could face a near fourfold increase in tolls over the next 25 years to pay for the expansion of the waterway, according to a report published by international consultant group, Global Insight.
Permit problems delay PCL's China shipyard plans PLANS by Pacific Carriers to open up its own shipyard in China are being held up by the issue of land permits.
'Virtual yards' make Transpetro deal shortlist PETROBRAS has pre-qualified four consortia for its $2bn newbuilding program, with two controversial 'virtual' shipyards finding themselves on the shortlist to build up to 42 tankers for the oil giant's shipping arm, Transpetro.
Panama Canal tolls may quadruple PANAMA Canal tolls may have to increase nearly four-fold to fund the canal's planned expansion ' a move that could reduce the waterway's competitiveness, according to a report by Global Insight
Tropical Storm Emily heads west TROPICAL Storm Emily has formed in the eastern Caribbean Sea and is moving towards the Caribbean's Windward Islands
Bremen benefits from privatisation THE state government of Bremen in Germany has been able to cut its spending on port management by 15% after the port authority was privatised three years ago
Pakistan opens wheat market PAKISTAN has ended the effective monopoly by state corporations over the country's bulk wheat imports in an effort to stabilise soaring flour prices
Storm fears for US energy THE expectation of an unusually active US hurricane season is raising fears among analysts that Gulf of Mexico oil and gas infrastructure will be disrupted
P&O Ned offers to leave conferences P&O Nedlloyd has offered to leave a number of conferences and consortia in order to appease EU competition regulators over the AP Møller take-over
Chertoff: U.S. needs more cargo data In major overhaul of department, Homeland Security chief targets inbound containers as part of new supply-chain security program.
Contship mulls litigation as Voltri wins Module 6 PSA International's Genoa subsidiary Voltri Terminal Europa (VTE) was awarded the module six terminal extension following today's Port Committee meeting.
Vancouver trucker mediation talks break up Mediation talks in the Vancouver container-trucker strike have broken off without any resolution and without scheduling any more talks.
Limp charter market remains in summer doldrums
Truckers make pitch for PierPass cut
Dunkirk box-terminal decision delayed until September
AP Moller-Maersk makes Dutch auction proposal to regulators
Global Insight suggests $1.29m transit fees for 10,500TEU ships of the future
PDVSA extends fuel oil shipments to China World's fifth largest oil producer Venezuela continues its strategy to become less reliant upon US' demand for oil and oil products.
Houston volumes dip after week's early flurry Suppliers report a quieter day in Houston amid healthy avails - despite an above-average start to sold volumes this week.
Oil market mulls bearish reports, storm fears The mood in the oil market was described as a tug-of-war today as traders mulled bearish reports from the International Energy Agency (IEA) and weekly US oil statistics, while keeping a watchful eye on the fifth storm of the Atlantic hurricane season.
$500,000 fine for high-seas polluter
DOE & API at a glance: Latest US inventory figures Crude stocks fall and gasoline drops as refinery runs slowed down, while distillates inventories grew in the past week according to latest data.
Chinese H1 oil product imports plunge, crude slows Net Chinese oil product imports have plummeted this year due to price caps on domestic transport fuels amid soaring crude, and crude oil imports have also slowed recently, but a rebound is expected.
Genoa barge action to turn into full 48 hour strike Barge crew in Genoa are planning to step up their industrial action next week to a full blown two-day strike, much to the chagrin of suppliers who are already losing business.
Congestion persists in firming ARA market
MPA: Accreditation scheme should help with MARPOL compliance The Maritime and Port Authority of Singapore (MPA) points out that the island state's unique Accreditation Scheme for Bunker Suppliers should help ensure compliance with MARPOL sulphur limits as well as ISO 8217 standards.
Japan: Traders expect bullish price trend Japanese traders are expecting bullish bunker fuel prices until the end of this month, but expect little movement in marine diesel oil prices.
Ceypetco bags good deal for 180 cst August delivery Ceylon Petroleum Corp (Ceypetco) has bought 40,000-45,000 mt of 180 cst bunker fuel for August delivery at lower prices compared with its previous deal.
Malaysian minister says Malacca Strait is safe Malaysian transport minister has criticised the declaration of the Malacca Strait as a war risk zone and claimed that the Strait is among the safest in the world.
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