Anchor, bow of Henry VIII's warship raised after 460 yrs THE anchor and a section of the bow from King Henry VIII's Mary Rose have been raised to the surface, 460 years after the warship sank off the southern English coast during a battle with the French.
Shanghai Port's Sept container volume rises SHANGHAI International Port Co, which operates China's busiest port, handled 19 per cent more containers in September than a year earlier as the country's growing trade increased sea freight.
Rotterdam Port to cut 10-15% of workforce ROTTERDAM Port, the second-largest in the world, said it will reduce the number of employees by 10 per cent to 15 per cent in the coming four years to improve its finances as it expands to meet competition from other European ports.
Admiralty Casebook
When port of discharge in contract is not final AN AUSTRALIAN court has upheld the decision of an arbitration panel that the phrase 'final port of discharge' meant the port where cargo was ultimately discharged even if the seller and buyer had agreed for the cargo to be discharged at another port.
Anchor, bow of Henry VIII's warship raised after 460 yrs THE anchor and a section of the bow from King Henry VIII's Mary Rose have been raised to the surface, 460 years after the warship sank off the southern English coast during a battle with the French.
Shanghai Port's Sept container volume rises SHANGHAI International Port Co, which operates China's busiest port, handled 19 per cent more containers in September than a year earlier as the country's growing trade increased sea freight.
Rotterdam Port to cut 10-15% of workforce ROTTERDAM Port, the second-largest in the world, said it will reduce the number of employees by 10 per cent to 15 per cent in the coming four years to improve its finances as it expands to meet competition from other European ports.
Admiralty Casebook
When port of discharge in contract is not final AN AUSTRALIAN court has upheld the decision of an arbitration panel that the phrase 'final port of discharge' meant the port where cargo was ultimately discharged even if the seller and buyer had agreed for the cargo to be discharged at another port.
Morgan Stanley warns of shipyard crisis A CRISIS could be looming for world shipbuilding with a leading US investment bank warning that overcapacity in the industry could be as much as 30% in 2008.
Black Sea nations to name and shame rogue owners ROGUE shipowners operating substandard tonnage in the Black Sea face the prospect of 'blacklisting' by ports in the region.
Frontline a big loser as shipping stocks take a pasting in US and Europe Shipping shares came under intense pressure on both sides of the Atlantic yesterday, with tanker companies generally bearing the brunt of investor disenchantment, writes Tony Gray.
Confident DHT goes ahead with discounted Wall Street share offer DOUBLE Hull Tankers has gone public with a truncated and heavily discounted share offering, apparently placing greater faith in its macro- economic crystal ball than in hard-nosed Wall Street jockeying.
SNCM staff vote for return to work A significant majority of French ferry operator SNCM's staff voted this morning to end strike action and return to work. Observers say such a last-minute reversal by the company's unions, which have always fiercely rejected any idea of privatisation, was driven by fears that SNCM could be declared bankrupt tomorrow
EC forces Hapag to leave conferences THE European Commission has given clearance for the acquisition by TUI of CP Ships to go ahead, but on condition that TUI subsidiary Hapag-Lloyd quits two conferences.... Full story
Double Hull completes shrunken IPO DOUBLE Hull Tankers wrapped up its initial public offering after receiving $101.7M less in net proceeds than originally hoped.... Full story
Gazprom to run Arctic tankers GAZPROM, the Russian gas and oil producer, is to own and operate a two-tanker oil transport route in the Arctic, a Gazprom official told Fairplay.... Full story
Petronet LNG loses foreign bidders GOLAR LNG and Qatar Shipping Co have withdrawn from Petronet LNG's bidding process, saying the tendering process is moving too slowly.... Full story
India sets out cruise strategy INDIA'S government is to encourage foreign direct investment in cruise shipping as part of its policy to boost tourism.... Full story
China/US textile talks end in silence The fourth round Sino-US textile talks ended today in Beijing, once again without any agreement reached to ease the trade tensions between the two countries.
Containers to account for 60% of Rotterdam growth through 2009
K Line launches Mediterranean service
Northeast Baltic hinterland widens cargo-inlets/outlets to channel flows
Brisbane gets nod for FI Berth 10
Two smugglers caught at Gunsan Port
Inchon's Sunkwang Container Terminal attracts new services
Gwangyang Port to be deepened
Logistics duo selected as Busan New Port CFS operators
Genmar sells 10 singles New York owner fetches $290m-$300m from Tanker Pacific in disposal of its single-hull and double-sided suezmaxes, market sources say.
JP Morgan rethinks tankers JP Morgan's Jonathan Chappell has soured on crude until further notice and is handing round cookies to big products fleets.
Maritrans betters credit terms Expansive US tank-barge specialist Maritrans has won cheaper and less restrictive credit to allow unspecified acquisitions.
SNCM workers end strike Employees vote overwhelmingly to halt stoppage but pledge to come up with their own takeover plan.
Black Sea run for K Line Japanese boxship owner sets up weekly transhipment route from Port Said.
Japan holds 32 China's Yantai Golden Ocean had two mini-bulkers on detention list for September.
OSG books $230m gain Sale and charterback deal for seven tankers goes ahead despite IPO pricing below target.
Hurricanes hit tanker estimates Morgan Stanley slashes General Maritime and Teekay earning forecasts on longer term fears.
Poor reception EC raps knuckles of seven member countries for ship-waste offences as Court of Justice looms.
Ferguson fields ro-ro order Lifeline for Scottish shipbuilder as local owner Western Ferries hands it business.
GO talks up share price London-listed bulker player Global Oceanic Carriers attempts to reverse 30% drop in value since IPO.
Crewman swept off tanker Search called off for Greek man taken by wave off South Africa.
Vinashin looks overseas Vietnamese state shipbuilder granted permission to employ foreign CEO.
EU approves CP Ships deal Hapag Lloyd's withdrawal from two liner conferences the cost of European Union's blessing.
Search ends for missing seaman Filipino crewman feared dead after falling from NYK bulker off coast of Queensland.
Katrina and Rita take their toll Kirby sustains potential $3m hit in third quarter from hurricanes but counters with other gains.
Workers could bid for SNCM Still time for an alternative sell-off plan for struggling French ferry owner mired in strike action, chairman says.
Navigators prices equity offering US marine insurer could raise over $100m after equity offering of 3.3m shares priced at $34.50 each.
Consafe to order another rig Göteborg-based Consafe Offshore continues to expand and has now signed a letter of intent with Chinese Yantai Raffles Shipyard ...
Bluewater started trading in Oslo today Marine underwriter Bluewater Insurance in Oslo had a successful NOK 78.4 million initial offering this week and the shares were ...
Mosvold confirms USD 453 mill drillship order Mosvold Drilling in Kristiansand has now confirmed the order for a USD 453 million drillship at Samsung Heavy Industries in ...
Los Angeles funds barges, cold ironing to reduce emissions Port of LA supports bunker barge company's new engines as state government announces funding for cold ironing.
DOE & API at a glance: This week's key US inventory figures
BP consolidates Belgian lube plants BP Belgium's lube plants in Ghent and Antwerp consolidated.
Sri Lanka: $87 million facility operational in 2 years Sri Lanka Ports Authority says proposed $87 million tank farm and bunkering facility will be operational in two years.
Off-spec fuels resurface at Port Said Fuel testing agency reports continued instances of unstable fuels with alarmingly high cat fines originating from Port Said.
Rotterdam continues to firm
Singapore: Residual fuel stocks at 13-month low Singapore's onshore stocks of residual fuels plunged to a 13-month low; marine gas oil suppliers reported a drop in demand due to tight bunker fuels market.
Armed escorts remain vital, Malaysian bunker firm says Malaysian bunker supplier Ban Hoe Leong praised its private armed security personnel as 'capable and professional'.
Rising sun fails to shine on bonded bunker market Japanese refiners' strict control of allocations to the marine fuels sector is leading to a bonded bunker market that is continually starved of marine products.
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