Int'l piracy watchdog calls for action to nab kidnappers THE International Maritime Bureau yesterday warned that violence is on the rise in the Malacca Strait and urged law enforcement agencies of Indonesia, Malaysia and Singapore to act to nab the pirates involved in three blatant attacks on shipping in the past two weeks.
Shipbroker Clarkson's H2 profit up 58% CLARKSON, the world's largest shipbroker, reported a 58 per cent increase in second-half profit, as growth in Asian trade and oil production drove up demand for vessels.
Australia's Freemantle Ports supports training ship SINGAPORE can learn from the experience of Fremantle Ports in supporting a training ship, the Leeuwin, which has spurred many young people in Australia to a maritime career.
EU ports meet security rules 8 months after 2004 deadline
UK IBIA members call for clarity on MARPOL Annex VI In an open letter published through IBIA, UK members raise 'practicality and safety' concerns over the alignment of MARPOL Annex VI with regional regulations for merchant shipping.
Reports: Off-spec Jebel Ali fuels originated in Iraq
Fujairah demand muted despite massive differentials As prices across major markets have hit record highs, differentials have widened significantly in favour of Fujairah although demand remains at half-pace.
Traders report acute shortages in Japan amid record prices Japanese traders struggling to meet requirements in tight market, while prices hit new highs.
Saudi Arabia pushing for higher output ceiling Saudi Arabia has proposed to increase oil output levels by 500,000 bpd while OPEC will meet today to decide the final outcome.
Salvage Union: 700,000 mt of polutants recovered in 2004 More than 700,000 metric tonnes (mt) of pollutants were recovered during salvage operations in 2004, 13% of which (almost 100,000 mt) was bunker fuel, says the International Salvage Union (ISU).
Titan reiterates oil storage plans for Singapore Titan reiterates storage plans for Singapore and elaborates on storage options on Malaysia.
Refiners: Europe headed for a glut of heavy fuel oil Refiners to be saddled with large surplus of heavy fuel oil as utilities and ships are forced to pursue alternative fuel options
Attica denies HS stake increase GREEK ferry company dismisses reports it may be poised to increase a recently acquired stake in coastal ferry giant Hellenic Seaways.
Brown budget buoys British shipping BRITISH shipping yesterday received another boost from its government. In his annual budget Chancellor Gordon Brown put a '5m ($9.56m) a year price tag on earlier pledges to extend the tonnage tax system.
Tax times tweaked to up North Sea spoils THE British Treasury is expecting to milk another '1.1bn ($2bn) from the North Sea oil industry by changing the timing of corporate taxes as announced in yesterday's Budget, writes Martyn Wingrove.
Imabari snaps up Watanabe JAPAN'S Imabari Shipbuilding has snapped up a mid-sized neighbour, Watanabe Shipbuilding Co, which will become a fully owned subsidiary as of April 1.
Brussels witch-hunt may deter salvors offering aid, says ISU THE European Parliament's decision in favour of criminalising marine accidents may deter salvors from offering assistance to vessels threatening pollution, the International Salvage Union has warned.
Excel Maritime raises $123m to fund fleet growth EXCEL Maritime Carriers, the American Stock Exchange-listed dry bulk company, has raised $123.8m through an equity issue to fund its fleet expansion, in accordance with the prospectus issued last week.
Opec pumps up output to curb prices TANKER owners will receive a boost from the Organisation of Petroleum Exporting Countries' decision yesterday to increase production and exports by 2% in April.
Norwegian Cruise Line to go public NORWEGIAN Cruise Line (NCL) is planning to raise equity on US public markets either this year or next, chief executive Colin Veitch has confirmed
Fujian plans massive port expansion CHINA'S south-eastern province of Fujian, which faces Taiwan, is boosting both container and bulk handling facilities
STX Pan Ocean profit surges STX Pan Ocean increased its turnover by 31% to W2.6Tr ($2.6Bn) in 2004, which helped its net profit increase to W211Bn
Titan tows bulker away from reefs FLORIDA-based salvor Titan Maritime has been appointed to rescue the drifting bulk carrier Gabrielle from the reefs off Cat Island in the Bahamas
Berths for new Estonian port SILLAMÄE in Estonia has signed agreements with four companies to build and operate terminals at the port, which is currently under development
NYK caught in Leonhardt-ITF dispute LEONHARDT & Blumberg, the company controlled by German owner Frank Leonhardt, is refusing to back down in a row with the ITF over one of its container vessels
Deurganckdok may alter Antwerp's modal split in multimodal Duisport's favour Duisburg has its hopes set on Antwerp's Deurganckdok for finally getting Antwerp rail-container traffic off the ground, improving the ratio of Duisburg's Rotterdam/Antwerp rail-containers from 5:1 to 5:4.
Shortsea's reach lengthens in US Gulf Volume-growth from Asia is driving the development of shortsea shipping, as port congestion on the US West Coast spills over to other gateways, according to Osprey Lines' president Rick Couch.
Point-to-point demand to support charter-class vessels
China volumes sustain growth
Malaysian railways push Trans-Asian link
Labour disruption threat subsides at Canadian National Railway
Mega-profit for J Lauritzen in 2004 J. Lauritzen was much better off in 2004 and the company is also expecting this year, 2005, to be on ...
Gas tanker captain suffered nausea The captain of a Bergesen gas tanker suffered from nausea and collapsed as the vessel was about to enter Vlissingen ...
Evacuation lifeboats malfuntioned Oil workers were in potential mortal danger when evacuation after the blow-out from the Snorre A gas platform off ...
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