Freight futures market matures with entry of clearing houses FREIGHT futures on seaborne commodities is coming of age with growing trade volumes, according to industry executives who point to the entry of large clearing houses as an indication of the market potential.
M'sian Muslim sailors allege bias after 9/11 MUSLIM Malaysian sailors are being denied jobs in the shipping sector over terrorism fears in the aftermath of the Sept 11, 2001, attacks against the United States, a report said yesterday.
Ezra expects 8 new vessels to boost revenue next year SINGAPORE's Ezra Holdings Ltd, whose boats tow oil rigs and help install them in the ocean, said it would add eight new vessels to its fleet in its financial year starting September 2005.
US leases cruise ships to house Katrina victims
Tanker rates may rise a 4th week
Keppel Fels shows its mettle with early delivery
Turkey gets 3.5b euro bid for Istanbul cruise port
Read the runes on Imarex says Carnegie NORWEGIAN investment bank Carnegie has initiated coverage on derivatives exchange Imarex with a bullish assessment of its future prospects.
Exel's red letter day as Deutsche bids £3.7bn DEUTSCHE Post has offered £3.7bn ($6.7bn) to acquire UK-based supply chain giant Exel, making Germany's acquisitive post office the world's largest logistics company.
Single hulls face double trouble liability TANKER liability limits under the US Oil Pollution Act of 1990 will nearly double for single-hull ships if a provision in the Coast Guard and Maritime Transportation Act of 2005 passed by the US House of Representatives last week is enacted into law.
Lloyd's says marine underwriters must deliver on profits LLOYD'S Franchise performance director Rolf Tolle has warned marine underwriters they can no longer live on their past.
IPOs market for shipping companies steams back into life THE initial public offering market for shipping companies is rumbling back to life, as American Commercial Lines set a price of $19-$21 a share on a deal that aims to gross $180m at the mid-point including a $15m secondary component, writes Rajesh Joshi.
Carnival overcomes cost hits CARNIVAL Corp posted yet another record quarter today, despite surging fuel costs and $45M in one-off charges
Generalov supports Fesco share plan RUSSIAN operator Far Eastern Shipping Co remains committed to a London Stock Exchange sale of state shares as a way of raising cash
Irish Ferries makes survival offer IRISH Ferries has launched a multi-million-euro voluntary severance package in a battle to stay competitive on the Ireland-UK routes
Yeoman Bridge resumes voyage THE bulker Yeoman Bridge, which was forced to delay its voyage because a number of crew members were hit by food poisoning, has resumed its passage
Hurricane warning threatens Fla. ports The ports of Miami and Fort Lauderdale are preparing to close ahead of Tropical Storm Rita, expected to bring hurricane-force winds Tuesday.
NOL volumes rose 10%
Customs Update: Bond guidelines change again
LA port trucker protest fizzles
Shipping pioneer McMullen dies
Deutsche Post to buy Exel for $6.7B
N. Carolina waterways re-open
Boxship damaged in collision
Storm effect on rail volumes uncertain
China welcomes California trade mission
Mattingly to chair Georgia Foreign Trade Conference
Trans-Sib losing its way, says terminal, after 31% transit-fall The Trans-Siberian Railway (TSR) is losing the faith of shippers, and transit-volumes are slipping, according to the major transit gateway terminal, Vostochny International Container Services (VICS).
Jurong growth prompts five year expansion plan Singapore's second container facility, Jurong Port, will invest S$300m (US$178.29m) over the next five years to nearly double its capacity, confirmed a port spokeswoman.
TFDS wants out of Fjord Line Troms Fylkes Dampskibsselskap (TFDS), the majority shareholder of Bergen based passenger/ferry operator Fjord Line with 50.3 per cent, plans ...
New service from Køge to Sassnitz Bornholmstrafikken has started a new route from Køge on Sjælland to Sassnitz on the Isle of R'gen in Germany. The ...
Second Canadian newbuilding to Nordane Nordane Shipping of Svendborg has taken delivery of the second ocean going tug from Canadian shipbuilders. The newbuilding is the ...
Prices firm as hurricane Rita approaches US Gulf US prices pushing upwards today as a new hurricane threatens to disrupt markets and send crude higher.
Bunker spill in Namibia Fuel oil leaks into Walvis Bay harbour after ship collision.
Carnival Q3 profits beat expectations as fuel costs soar Strong demand and higher ticket prices offsetting an estimated $170 million extra in bunker expenses for 2005.
Wilhelmsen: New ship offers 10% fuel reduction Advanced hull and propeller design and yard patented stator fins are expected to deliver a 10% reduction in fuel consumption.
ARA: Mixed reactions to plans for 21 days credit terms Market participants agree that shorter credit terms make sense, but express doubts about general acceptance.
Product substitution "on same commercial terms" ExxonMobil assures buyers substitution of top selling cylinder oil for lower base number product will be on the same commercial terms.
DNVPS reiterates MARPOL sulphur warning Recent incidents of fuels testing above 4.5% sulphur prompts new warning about MARPOL compliance.
Rotterdam plunges with crude
OPEC signals will to raise output OPEC prepared to raise oil output even though crude prices have dropped from record high of over $70 per barrel.
Indian port welcomes oil spill prevention plan The Indian coastguard of Paradip port has adopted an oil spill prevention plan following increased bunkering activities and traffic of oil tankers.
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