Latest piracy attack raises security alarm in S'pore REVIVING fears of terrorists using ships as floating bombs to attack ports or other facilities, a chemical tanker carrying a full cargo of inflammable petrochemical products was hijacked while underway in the Malacca Straits last Saturday.
Hutchison to invest in Egypt container ports HUTCHISON Whampoa Ltd, the world's biggest port operator, will help build and manage two container terminals in Egypt, the Hong Kong-based company's first investment in the North African country.
Asian owners slam EU, Canada sanctions ASIAN shipowners have expressed concern at the large amounts paid by US courts to 'whistleblowers' who report contraventions related to pollution and the increasing criminalisation of accidental oil pollution from ships.
Istanbul: Strait closure hits barge schedules after LPG accident Bunker suppliers in Istanbul have said that barging schedules have been affected by the closure of the Bosphorus Strait after the sinking of a vessel carrying LPG.
OPEC members may increase output informally In view of the current prices of oil, OPEC may make a decision this week to allow its members to increase oil output on an informal basis.
Lintec: Forensic testing more in line with ISO specifications Lintec Testing Services says its GCMS programme caters better to verifying section 4.1 of ISO 8217 specifications and that soon forensic testing will become the norm.
Shipowners in Asia criticise criminal oil spill sanctions European Parliament draft directive on criminalising accidental oil spills labelled a major flaw by Asian shipowners.
Pirates back in business in Malacca Strait after tsunami THE hijacking and kidnap of two crew from an Indonesian product tanker by heavily armed pirates in the Malacca Strait has stoked fears of maritime terrorism in the region.
South Korea clamps down on single hull tankers SOUTH Korea is to ban old single hull tankers, in a sudden move that will cause headaches for certain owners, writes Sam Chambers in Hong Kong.
Arbitration set to cost Lloyd's £323m LLOYD'S is likely to suffer a £323m ($617.5m) blow to its 2004 profit before tax on a pro-forma annual accounting basis, after it appeared to fare badly in arbitration proceedings over a dispute with Swiss Re and other reinsurers.
US issues East Africa terrorist alert THE US State Department has issued a special advisory warning of a potential terrorist attack against shipping in East Africa, writes John McLaughlin.
Candles lit in Athens to mark 30 years since the death of Aristotle Onassis On Saturday March 15, 1975, the most famous shipowner of all died in the American Hospital in Paris, prompting worldwide news headlines.
Inmarsat flotation lit by satellite launch INMARSAT on Friday successfully launched into orbit its largest, most powerful satellite to date, paving the way for its next generation of voice and data services and accelerating plans for a London share listing.
Armed pirates seize product tanker THE boarding by armed pirates of a product tanker in the Strait of Malacca on Saturday and kidnapping of its captain and chief engineer has raised the spectre of a terrorist attack in the commercially-sensitive waterway
SembCorp clarifies Solitaire issue SINGAPORE'S SembCorp has clarified that the amicable settlement with Swiss based Allseas in a long-running ship conversion dispute relates only to counter-claims
CalMac faces strike action CALEDONIAN MacBrayne, the Scottish state-owned ferry line, is facing possible strike action over plans to put its services out to competitive tender
CITGO bidders emerge FOUR companies have reportedly made bids for CITGO, the US-based refining arm of Venezuela oil giant PDVSA
BA battered by industrial action SHIP operators and agents in Buenos Aires are counting the cost of a flare-up of industrial disputes that upset shipping timetables for a week and are not over yet
Tidewater sells six for $202M TIDEWATER this morning announced the planned sale of up to six of its anchor handling, towing and supply vessels for $202M, which will result in a profit of $80M
Beijing looks for US and EU textile talks China is seeking discussions with the US and the EU to ease their concerns over the country's ballooning yet worrying textile export growth.
Adelaide deepening to go ahead next month The South Australian Government has given the go-ahead for deepening Port Adelaide's main channel, ending a long campaign by Flinders Ports and local industry groups.
Carriers, agents call for stop to Buenos Aires stoppages, and warn of own stoppage
'Cold ironing' to be part of ships from the newbuild stage, predicts POLA
Pipeline to bypass Bosporus Greece, Bulgaria and Russia have signed a letter of intent to build a 285 kilometres pipeline from Bourgas in Bulgaria ...
Odense delivers container carrier to foreign owner Odense Staalskibsv'rft has delivered a rare ship: a container vessel for a non-related owner. The delivery is the "Dal ...
Fortum distributes Neste shares ' Marianne Lie new board member The board of the Finnish energy gigant Fortum proposes that Neste Oil should be separated from the Fortum Group and ...
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