Organised illegal activities on high seas increasing ORGANISED criminal activity on the world's seas is on the increase, which requires even greater international cooperation and information sharing, the Commander of the United Kingdom Maritime Force said yesterday.
ICTSI's Q1 profit up 66% to 275m pesos EARNINGS from cargo handling in the year's first quarter are usually weak, but for a Philippine terminal operator, aggressive and year-round expansion locally and abroad have paid off.
Hyundai to build 4 gas tankers for Qatar HYUNDAI Heavy Industries won a US$385 million order to build four gas tankers for Qatar, holder of the world's third-largest gas reserves, which is boosting production of the fuel to meet global demand, a shipping official said.
US port security needs 'mid-course correction'
Strait Talk
A tale of 2 shipping lines LAST week was a shipping industry milestone for two reasons: AP Moller-Maersk announced a deal to buy P&O Nedlloyd and P&O chairman Lord Sterling retired.
Organised illegal activities on high seas increasing ORGANISED criminal activity on the world's seas is on the increase, which requires even greater international cooperation and information sharing, the Commander of the United Kingdom Maritime Force said yesterday.
ICTSI's Q1 profit up 66% to 275m pesos EARNINGS from cargo handling in the year's first quarter are usually weak, but for a Philippine terminal operator, aggressive and year-round expansion locally and abroad have paid off.
Hyundai to build 4 gas tankers for Qatar HYUNDAI Heavy Industries won a US$385 million order to build four gas tankers for Qatar, holder of the world's third-largest gas reserves, which is boosting production of the fuel to meet global demand, a shipping official said.
US port security needs 'mid-course correction'
Strait Talk
A tale of 2 shipping lines LAST week was a shipping industry milestone for two reasons: AP Moller-Maersk announced a deal to buy P&O Nedlloyd and P&O chairman Lord Sterling retired.
Houston prices return to mid-April levels Prices softening this week to levels not seen in the market since April
Damaged tanker still awaiting clearance to discharge cargo Fate of 311,000 mt of fuel oil currently under negotiation between owners and port
Dutch supplier organisation states support for Marpol VI NOVE, the branch organisation for Dutch independent suppliers of oil and gas products, has come out in support of Marpol Annex VI and states that its members will fully comply with the regulation, with one reservation.
DOE & API at a glance: This week's US inventory data
SMP: Second SECA will be a bigger challenge Increased demand for low sulphur fuels at the enforcement of second SECA likely to pose a bigger challenge, says Greg Tonks (SMP) who also objects to EU proposals for a 0.5% sulphur cap.
Rotterdam market firm at Midday
Lanka IOC aims to start bunker operations in September Financial crunch means Lanka IOC has delayed commencing bunker operations in Sri Lanka, but the company is hoping for September start.
Saudi Arabia able to increase output immediately Saudi Arabia, the world's largest oil producer still has plenty of oil and is capable of increasing output immediately.
Intertanko: New clauses to ensure bunkers meet new requirements Intertanko has launched new clauses to assist tanker operators in complying with the new Marpol air pollution regulations that come into force tomorrow.
BP shoulders blame for fatal Texas refinery blast BP has accepted responsibility for a deadly blast in March at its Texas City refinery.
Sørensen resigns from ELAA KEN Sørensen has resigned as executive director of the European Liner Affairs Association to take up a job with a container shipping company.
Samsung may turn to tankers to boost prices NEWBUILDING berths earmarked for post-panamax containerships will be switched to tankers if box lines continue to resist the asking price of Samsung Heavy Industries.
OSG looks overseas for IPO spin-off OVERSEAS Shipholding Group is preparing to float part of its business through an initial public offering routed through a foreign-based enterprise not bound by the rigid disclosure code that governs US-based firms, say well-placed finance sources.
Barroso to face MEPs on Latsis aid grant claim EUROPEAN Commission president Jose Barroso will explain his relationship with Greek shipping magnate Spiro Latsis to the European Parliament in person, it was confirmed yesterday.
Improvements remove Cyprus and Malta from Paris MoU flag blacklist CYPRUS and Malta, which boast two of the European Union's largest merchant fleets, have been officially dropped from the blacklist of flags maintained by the Paris Memorandum of Understanding on Port State Control, writes Nigel Lowry in Athens.
Four injured in shipyard blast TWO explosions occurred yesterday on a ro-ro under construction at Fincantieri Palermo yard in Italy, injuring at least four people
New head for Polish Steamship Co PAWEL Szynkaruk has been appointed as the general director of the state-owned Polish Steamship Co (PZM), which is the largest European dry bulk owner and operator
Sovcomflot responds to reports SOVCOMFLOT is reported to be locking horns with rival shipping company Novoship, but Fairplay has been told that merger talks are at the discretion of shareholders
'Snakehead' smuggler trial begins A NOTORIOUS immigrant-smuggler is on trial in New York this week, while an alleged human-trafficker involved in 350 migrant deaths stands trial in Australia
IMO's fire safety rules questioned The IMO needs to re-examine its standards for preventing and controlling fires on board ships, says the Transportation Safety Board of Canada
Beijing accuses the US and EU of double trading standards Chinese Commerce Minister Bo Xilai has criticised the US and the EU for violating free trade by imposing restrictions on Chinese textile exports when the situation became disadvantageous to them.
Ship shortage will 'soon be apparent' warn brokers
Long Beach acts to beat peak season congestion
Mid-stream operators suffer as South China competition intensifies
South Californian ports split a 10.5% rise in the first trimester
Portland container traffic drops 50%
Strike averted at Canadian National Railway
'Rottergate' guarantees prompt drop in 2004 financial performance
ELAA executive director Soerensen resigns
Indian Government clear railfreight corridor project
Profit up 252 per cent for Royal P&O Nedlloyd Royal P&O Nedlloyd is doing really well at the moment. Their result for the first quarter of 2005 is ...
Frontline sells three suezmax'es Frontline has sold three single-hull suezmax tankers for around USD 92 million, according to Oslo brokers. The deal is ...
UK Club in the red The biggest P&I club, the UK Club has announced a loss of USD 13 million for last year thanks ...
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