Insurers maintain high-risk grading on Malacca Strait LONDON's insurance underwriters are sticking to their guns on the highly controversial designation of the Malacca Strait as a terrorism risk, saying promises by the littoral states to tighten security in the vital waterway are not enough.
Tg Pelepas port gets loan for expansion MALAYSIA's Port of Tanjung Pelepas, which competes with neighbouring Singapore for South-east Asia's sea freight, said it's obtained a loan from a government bank as part of its RM1.3 billion expansion plan.
Kawasaki Kisen may exceed profit forecast with cost cuts KAWASAKI Kisen Kaisha Ltd, Japan's third-largest shipping company, said it may exceed its profit forecast for the 12 months ending March 2006 because the effects of its cost cuts haven't been fully reflected.
Alemán keeps top Panama Canal role THE Panamanian government has opted for stability during a crucial phase for the Panama Canal Authority by leaving Alberto Alemán Zubieta in place as administrator of the authority for another seven years.
Two firms set to defy Wall Street's run of float flops A LEADING container leasing outfit and a Jones Act barge company await their turn in the Wall Street sun with proposed flotations of $200m apiece as shipping wonders whether the IPO market has the wherewithal to rebound after the summer holidays.
Stratos increases lead over rivals with Xantic buy GROWING emphasis on maritime security has led Stratos Global to bolster its satellite communications business with the purchase of rival Xantic from KPN and Telstra for $191m.
Grindrod in Maersk talks on South Africa box services GRINDROD, the fast-growing South African shipping and logistics group, has admitted talking to AP M'ller-Maersk about buying the latter's South African services.
More Ecuador oil woes A NEW round of protests is hampering Ecuador's oil operations, just a week after the country's central bank lowered its production forecast for next year
Casino ships have fees cut FALLING passenger numbers on South Florida gaming ships have prompted Port Everglades to cut one line's payments to the port in order to keep the firm afloat
Cargo dhow trade to stay THE booming traditional wooden cargo dhow trade will continue in the Middle East Gulf region although efforts are underway to encourage the sector to address safety concerns
Philippines tightens standards MARINE equipment manufacturers in the Philippines will now have to be accredited by the Maritime Industry Authority, following complanits over safety equipment
Panama chief re-appointed THE Panama Canal directors have unanimously re-appointed Alberto Aleman Zubieta as canal administrator for a second seven-year term
Belships suffers from soft rates SOFTER earnings in the dry bulk sector dragged the net profit of Belships down to $0.85M in 2Q05 from $2.93M in the same period last year
PierPass a success, executives say Program to get shippers to move more freight at night and on weekends ahead of projections as traffic totals 30% of total volume.
California box fee bill held
Deal close on China textiles
Northwest won't shift strike cargo to other airlines
Shared data and policy changes can lower HK trucking costs A centralised database among transportation companies and government policies are what is needed to narrow the gap in the trucking costs between Hong Kong and Shenzhen, said various parties in the industry.
Anti-monopoly body announces Russian rail market abuse of pulp/paper shippers Russia's Federal Anti-Monopoly Commission (FAC) has judged that Russian Railways (RZhD) abused its market position, affecting pulp-and-paper manufacturers' competitiveness, but RZhD has up to three months to appeal.
'Finely-balanced' charter market poised to react to slightest market whim
Rotterdam ups medium-term box prognosis, and gears up for Betuwe opening
POP tells NSICT customers to divert rail cargo
KMTC to launch Middle East service
Hanjin to introduce Middle East PSS
Russian and Azeri railways to co-operate on narrow border corridor
Fewer but larger vessels in Swedish ports According to the Swedish Maritime Administration, SMA, the number of calls in Swedish ports declined by 966 or 1.6 per ...
Shipowners protest against revised security rating of the Malacca Strait The international shipowner organisations ICS and Intertanko challenges the decision by the London insurance market Joint War Committee, JWC, to ...
Arrested terrorists planned attack on cruise vessel Several people have been arrested in Turkey on suspicions on planning a terror attack on a cruise vessel off Antalya ...
Oil prices slump despite huge US gasoline draw Crude posts biggest decline in a month as US inventories of crude and distillates appear healthy.
DOE & API at a glance: This week's US inventory reports
Port Said: FOBAS, DNVPS confirm serious fuel contamination At least one vessel which took fuel at Port Said is arranging debunkering, while DNVPS advises against using the fuel.
WFS lauds Falmouth's strategic location for LSFO supply Top executives from WFS have highlighted Falmouth's strategic position for the supply of low sulphur fuel oil, also hinting at future expansion at the port.
Off-spec fuels reported in New York and ARA region Operators advised to take extra care if using the fuels in question.
PTP: KIC stands firm on bunker island project KIC Oil & Gas says government mandate supercedes an announcement by Sumatec Resources regarding bunker island project and stands by 2007 target.
Strong freight rates set to lift bunker surcharge Peak seasonal cargo volumes have been lifting ocean freight rates on the Middle East-Far East sector as main shipping lines consider raising bunker surcharge.
Malacca Strait stays on risk list The Malacca Strait will remain on the list as a war risk zone after the Joint War Committee rejected calls from shipowners and Asian governments to review its status.
Reports: More sediment warnings in Port Said Less than two weeks after high levels of cat fines and total sediment potential (TSP) are found in Port Said product, more excessive TSP levels are reported.
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