Wan Hai steering into major expansion mode JOINT services and alliances are becoming an important industry trend as carriers up-size vessel capacity, according to Wan Hai Lines which is currently in the midst of one of its largest expansions in its 40-year history.
HK lags S'pore as world's busiest port in 1st half HUTCHISON Whampoa Ltd, Cosco Pacific Ltd and other operators of Hong Kong's port handled fewer containers than Singapore in the first half, after the city's cargo shipments grew at a slower pace than a year earlier.
JPMorgan says oil tanker rates may double on imports JPMORGAN Chase & Co, the second-largest US bank, says crude oil tanker earnings may double in the fourth quarter as US oil imports increase on peak winter fuel demand.
Top Liberian officials suspended over alleged funds misappropriation LIBERIA'S commissioner of the Bureau of Maritime Affairs and the country's representative at the International Maritime Organization have been suspended amid allegations that hundreds of thousands of dollars have been siphoned off from BMA funds, writes Hugh O'Mahony.
GeoLogistics snapped up by acquisitive Kuwaitis KUWAITI group PWC Logistics is to buy global forwarder GeoLogistics for approximately $454m on a debt-free basis.
Italians woo style guru Foster to deliver Trieste treat ITALY'S ports may be crying out for better intermodal connections and starved of the funds to modernise and expand, but one asset they seem to have no shortage of is style.
Fredriksen seeks new panamax cash John Fredriksen's dry bulk venture Golden Ocean Group is raising fresh equity to help finance a new panamax acquisition, writes Tony Gray.
Tankers collide in fog off Japan Thick smoke billows from the 1,975 dwt chemical tanker Kyokuyo Maru after a collision with another tanker in thick fog off Japan left one crewman dead and five others missing on Friday.
Master missing in Bosphorus THE master of the general cargo vessel Corona Z is missing after the vessel sank in the Black Sea in the mouth of the Bosphorus Strait early this morning
Pan African link forges ahead A REGULAR liner service between Morocco, Mauritania and Senegal moved closer this week with a meeting of private and public interests from all three countries
Able clarifies 'ghost' plans ABLE UK says it is totally committed to the development of its ship recycling centre on the River Tees in the UK, despite earlier comments
NZ manufacturer moving plants to US Major New Zealand white goods producer Fisher and Paykel Appliances (F&P) will relocate some manufacturing operations to North America, a move with a substantial effect on shipping-patterns.
Europe-South Africa trade sale produces juicy gossip
CP Ships to team up with SYMS for Asia-Australia VSA
Coscon introduces two new services
Russian Special Economic Zones law delays second reading to September
Funds for Adelaide port link
SITC enhances intra-Asia service portfolio
Hamburg enjoys eastern boom in H1
Antwerp finishes H1 up 3.3%, before Deurganckdok boost begins
China and EU meet to discuss toy safety
Copenhagen's owners agree to compensate Bangladeshi navy
'Twenty-two become one' plan for DHS, in organisational shakeup
PWC Logistics acquires GeoLogistics, in move to forward consolidation
Brazil's bunker prices down, key port congested Bunker prices in Brazil's main bunker port continue to soften today, despite barge congestion preventing prompt deliveries.
Owner seeks swift resolution to WFS non-payment dispute US-owned carrier Philippine, Micronesia and Orient Line (PM&O Line) hoping for swift settlement with global bunker marketer World Fuel Services (WFS), following the arrest of one of its vessels over unpaid bunker fuel.
Jamaica closing for second time, Venezuela open Local supplier reports that Jamaica is battening down the hatches in anticipation of hurricane Emily's arrival, while Venezuelan ports lift ship restrictions.
MEPC to adopt amendments to regulations on air pollution The Marine Environment Protection Committee (MEPC) of the IMO will meet for its 53rd session between July 18-22. Among other issues, the MEPC is expected to adopt amendments to the regulations on air pollution to establish a new special emissions control area for the North Sea.
Shell refinery shutdown adds to ARA supply worries Already plagued by persistent loading delays at Rotterdam's main fuel oil terminal, some suppliers in the ARA bunker market saw the Pernis refinery shutdown as a further blow, while bitumen season reduces fuel oil flow from regional refineries.
US: $1 million fine for dumping offence The owner and operator of the Fair Voyager, charged with illegally dumping oily waste into international waters outside New York Harbour last year, have been ordered to pay a $1 million fine.
Shell brand retained despite marine business divestment Royal Dutch/Shell Group of Companies announced today that it had signed Sale and Purchase Agreements relating to the divestment of the majority of Shell's Oil Products businesses in the Republic of Ireland and Northern Ireland, including its marine businesses.
Rotterdam down with crude, prompt still tight in region
Hong Kong: Mixed demand on bearish price trend Hong Kong bunker players reported differing levels of demand on the back of bearish price trend and strong market avails.
OPEC unlikely to raise quotas before September Qatar's Energy Minister Abdullah bin Hamad al-Attiyah was reported saying yesterday that OPEC will not raise oil output quotas before September.
Oil tanker on fire after collision An oil tanker caught fire after colliding with a chemical tanker off western Japan this morning, resulting in one crew member dead and five others missing.
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