Work together to raise terminal capacity: NOL THERE is an urgent need for the container industry to shoulder more of the responsibility in making the case for additional container handling capacity in the Western region, according to Neptune Orient Lines .
Greater links with China CHINA is Singapore's top investment destination, and one of its top trading partners.
Keppel Batangas delivers tugboat KEPPEL Philippines Marine announced that it has completed delivery of the most advanced tugboat built by its Batangas shipyard.
Frontline back on takeover trail Frontline is returning to the takeover trail with an intriguing plan to bid for Bergshav Shipholding, the Norwegian shipping group.
Teekay order gives boost to Connexion TEEKAY Shipping has given a huge lift to the ambitions of Connexion by Boeing by awarding a 50-ship contract for the newcomer's high-bandwidth maritime communications package.
BP names partners for Tangguh LNG newbuildings Three consortia have been selected to supply seven liquefied natural gas carriers to the BP-led Tangguh project in Indonesia.
Grimaldi closes in on Sea Malta deal THE government of Malta is now understood to be finalising the sale of national shipping company Sea Malta to Grimaldi Group of Naples.
Box charter rate index dips at last Howe Robinson's weekly index measuring containership charter rates, one of the main industry benchmarks, yesterday recorded its first drop since December 2003.
Passengers sue NCL PASSENGERS have now filed a $100M lawsuit against Norwegian Cruise Line, accusing the operator of risking their lives to accommodate a TV schedule
EC to compromise on port services THE European Commission has signalled its willingness to compromise over the controversial Port Services Directive
Stena ferry fire threat A SMOULDERING cable was found in the emergency generator room of Stena Saga, a ferry that operates between Oslo, Norway, and Fredrikshavn, Denmark, yesterday
Congestion until at least 2008 CONGESTION at major North European container terminals is expected to continue until at least 2008, according to Martin Illmer of Erasmus University in Rotterdam
Teekay signs Connexion deal CONNEXION by Boeing, the new broadband VSAT communication service, was launched today with the signing of an agreement with Teekay
Bankers seek Russian mandates THREE major investment banks are seeking mandates to advise on what is seen as the biggest and most controversial deal in Russian shipping history
PierPass: Avoid the last-minute rush Terminals urging importers and exporters to sign up for the extended-gates program at LA-Long Beach prior to program's launch in July.
Speakers optimistic over peak season in southern California Industry experts yesterday expressed optimism that last year's peak season congestion in southern California would not be repeated, although there could be some delays.
Self-handling too hot for European lawmakers to handle? Self-handling may be excluded from the ports services directive, the European Parliament's rapporteur on the directive indicated in his conclusions to a public hearing yesterday.
Brokers: first apparent falls in charter rates likely to be short falls
Port Everglades approve S.American specialist as new terminal operator
ICF boosts capacity between Rotterdam and Switzerland
Sinotrans to launch services calling Gwangyang
Hyundai-led consortium to build four berths at Busan New Port
Northport: ready for free container storage time reduction
Official predicts significant growth in Chinese ports
Hanjin to deploy its largest containerships on transpacific trade
Jefferies reforms IPO vetting Sinders will require top-level handling of investigator's background checks, saying junior Jefferies man dropped ball on "problems with Harry" in Aries probe.
Great Eastern sells aframax India's Great Eastern Shipping is getting only $18.5m for the 97,000-dwt Jag Laila (built 1987).
Meanwhile in New York.... Tor Olav Troim mixes it up with General Maritime, equity analysts over the merger that didn't happen.
SSY adds Asia research arm Louisa Follis heads back east to launch bulk shipping research team from Singapore office.
Fredriksen in for a fight 'I control the company for all practical purposes,' says Norwegian takeover target Atle Bergshaven.
Grimaldi moves on Sea Malta Malta looks set to sell its two ro-ro state line to a competitor but continue paying it operational subsidies anyhow.
Frontline gunning for Bergshav John Fredriksen's Frontline is buying a 60% share in Norway's Bergshav for $50m and means to buy the rest.
Euronav to hand over shares Brussels-listed tanker owner to issue $11m in new stock to help pay for Tanklog fleet.
All change again at Hellenic Leaked memo reveals another shake-up as latest management team lasts just three months.
Western India scotches takeover talk India's biggest shiprepairer denies rumours of bid from construction group Larsen & Toubro.
CECO scores bullseye Company raises maximum amount in first-ever bond issue as offering oversubscribed.
Gotland gets better Swedish tanker and ferry owner builds annual profit in stronger markets.
MOL deep-sixes eight Japanese giant to wind up octet of virtually dormant subsidiaries this year.
NCL faces "Apprentice" lawsuit Passengers from Norwegian Dawn voyage struck by wave file $100m suit against cruise line.
Aponte in billion-euro order MSC Crociere has signed a letter of intent to build two 1,660-cabin cruiseships at Chantiers de l'Atlantique.
Arpeni launches IPO Indonesian owner officially launches initial public offering aimed at funding fleet expansion.
Pakistan waives scrap tax New budget will remove 4% levy on shipbreaking activities.
CECO exercises OBO option And confirms Sutra Empat purchase at just shy of $10m.
RTF makes cool million Latvian reefer owner pushes up profits in first quarter as demand for vessels increased.
Chong buys more Vita shares Links Island Holdings founder takes another nibble of Singapore shipowner and property group.
Bo Lerenius honoured in the UK Bo Lerenius, group chief executive of Association British Ports Holdings has been made Honorary Commander of the Most Excellent Order ...
Record numbers visited Nor-Shipping Nor-Shipping had a record number of visitor and exhibitors this year and the EC director for maritime and inland ...
"Stena Saga" leaves service after cable fire The Stena Line ferry "Stena Saga" has been taken out of service after a cable fire in the emergency generator ...
Enquiry frequency dwindling in Houston Limited demand reported in Houston as shipowners hold back and summer months begin.
DOE & API at a glance: Latest US inventory figures Government figures reveal lower crude stocks as refineries boost production, achieving build in distillate inventories.
More OPEC oil fails to impress market Oil prices continued firm Wednesday as the market mulled a potential supply squeeze later in the year.
Lubricants: Base oil prices increase again in the US ExxonMobil announced markups for all grades on Monday, triggering the third round of general increases since late February.
SMP: LSFO supply strategy a major challenge How do you plan your low sulphur fuel oil supply strategy when demand patterns are still an unknown quantity? And just how much will LSFO prices rise when demand grows with the introduction of SECAs?
Rotterdam market stays firm
China: Cargo arrivals may not soften bunker prices Large amounts of fuel oil cargoes flowing into South China's Huangpu port may not necessarily bring bunker prices down, traders said.
Dubai promotes futures exchange idea to Petronas The Dubai Mercantile Exchange is promoting the idea of participating in West Asia's first energy futures exchange to Petronas and other major regional oil producers.
Pirates seized onboard Malaysian tanker A Malaysian tanker, which was carrying diesel from Port Klang, became the scene of a stand-off between heavily armed pirates and marine police in the Malacca Strait.
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