Robust market for new offshore support vessels SURGING oil prices and an ageing fleet of vessels are among key drivers behind the robust market for new generation offshore support vessels that increasingly need to cater for the unique demands of deepwater support operations.
Oakland port eyes control of inland rival PORT of Oakland officials want to take control of the financially struggling Port of Sacramento as part of the ongoing efforts to expand maritime terminals to meet the demand for more Asian imports.
Asia freight rates up, on strong grain, ore demand SHIPPING rates for benchmark Asian routes extended gains on expectations of greater demand for US grain carriers and higher iron ore demand from China where inventories are falling, brokers said.
LNG vessel owners face US$30b bill
Subic takes delivery of 7 harbour vessels
Aramco hires 3 tankers to ship crude to US Gulf Coast
Strait Talk
Shipowners need to act quickly on minimum manning LAST week's International Shipping Federation Manning and Training Conference was characterised by a degree of goodwill between the employers' and employees' representatives that simply couldn't have been believed five years ago.
Robust market for new offshore support vessels SURGING oil prices and an ageing fleet of vessels are among key drivers behind the robust market for new generation offshore support vessels that increasingly need to cater for the unique demands of deepwater support operations.
Oakland port eyes control of inland rival PORT of Oakland officials want to take control of the financially struggling Port of Sacramento as part of the ongoing efforts to expand maritime terminals to meet the demand for more Asian imports.
Asia freight rates up, on strong grain, ore demand SHIPPING rates for benchmark Asian routes extended gains on expectations of greater demand for US grain carriers and higher iron ore demand from China where inventories are falling, brokers said.
LNG vessel owners face US$30b bill
Subic takes delivery of 7 harbour vessels
Aramco hires 3 tankers to ship crude to US Gulf Coast
Strait Talk
Shipowners need to act quickly on minimum manning LAST week's International Shipping Federation Manning and Training Conference was characterised by a degree of goodwill between the employers' and employees' representatives that simply couldn't have been believed five years ago.
UASC boxship refloated on Scheldt A containership owned by United Arab Shipping Co that grounded on the River Scheldt near Antwerp early yesterday morning was refloated last night.
FPSO market lined up as next target for Fredriksen treatment JOHN Fredriksen has confirmed he is planning an assault on the market for floating production, storage and offloading vessels as his next expansion target.
Restis set for initial public offering of Golden Energy Marine GREECE'S Restis Group is set to launch its Golden Energy Marine initial public offering with a target of selling about $150m of shares and a listing on Nasdaq next month.
US farmers demand own Jones Act waiver for barges and dry bulk THE two-week waiver of the Jones Act for the transport of petroleum products within US waters expired uneventfully as scheduled on Sunday, but now the national farm industry is demanding a similar waiver for grain barges and dry bulk tonnage through the rest of the year.
Transpetro tender back on track TRANSPETRO'S president, Sergio Machado, says the $2Bn tender to build 42 tankers will be back on course this week
Islamic phobia allegation denied MALAYSIAN officials have refuted claims that its seafarers are being discriminated by foreign owners because of their Islamic faith
Owners throw money at new tonnage MANY shipowners' decisions to order new ships have been made more in hope than through an assembly of the facts, according to a London-based commercial banker
Grounding blocks Antwerp approaches A CONTAINER ship believed to be carrying hazardous cargo ran aground while departing Antwerp this morning, and the Westerschelde has been closed to traffic today
LR mulls move from London CLASS society Lloyd's Register is considering moving out of London, possibly to Southampton on the UK's south coast
Wilhelmsen, APM in supply vessel jv SUBSIDIARIES of Wilh. Wilhelmsen in Norway and AP Moller-Maersk in Copenhagen have set up a supply ship joint venture to operate in the Middle East Gulf and Far East
Antwerp unchained as UASC ship is towed off The UASC ship Fowairet was successfully towed off its sandbank on the Westerscheldt today at about 17:30 local time, some twelve hours after it ran aground near Antwerp.
Australian shippers face phalanx of rising charges Rising Australian port fees have made carriers in all major trades to lift port service charges (PSCs) and terminal handling charges (THCs), while bunker surchargers continue their seemingly inexorable rises.
Grounded containership blocks Antwerp
Pressure tells as Carena resigns
Bandar Abbas aims to compete with Jebel Ali
S.Florida preparing to reopen, after Rita passes
Patrick takes Toll to court over Pacific National
Disgruntled JN Port transporters renew boycott strike
MOL announces Africa/Sub-Continent link
Minister says China's textile exports to EU won't be affected
Deutsche Posts £3.7bn bid for Exel
Yang Ming renews leasing contract for Kaohsiung berths
Restis ungrabs $70m Victor Restis's revived IPO now proposes to pay its principals $290m for nine panamaxes instead of $360m.
UASC ship aground Containership Fowairet aground in Belgian port's Westerschelde approach, reported leaking oil.
Cantor touts MC Shipping Cantor Fitzgerald points to acquisitions in Enrico Bogazzi-controlled MC Shipping's future as it initiates coverage with a buy rating.
Dredger sinks boxship A bunkers leak has hit Namibia's Walvis Bay after a dredge allegedly rammed a Grindrod feeder containership, which sank.
Katrina dominates IUMI Not a lot is known about the insured loss but marine insurers are certain the hurricane is an industry changing event.
Graig goes to India UK group places trust in Hindustan Shipyard with order for up to nine bulkers.
Bollore eyes African ports French financier, flush with Delmas cash, fancies flutter on terminal concessions.
Minister urges Irish Ferries to wait Marine Minister Pat Gallagher wants owner to reconsider redundancy plan for all Irish crew.
Lyras adds voice to EU row Greek owner lambasts criminalisation of seafarers as threat to safety.
OVDS confirms Italian order Norwegian owner orders cruiseship at Fincantieri to build Greenland business.
Pakistan approves ferry link Shipping minister Babar Ghauri okays service between Mumbai, Karachi and Dubai.
MOL links Asia, Africa Japanese giant teaming with PIL and Laurel Navigation to serve India, Pakistan, Middle East and southern and eastern Africa.
Attica slips as fuel bites Greek ferry firm posts lower half-year results as bunker price starts to hurt.
Piracy to become war risk London underwriters bid to resolve Malacca Strait quarrel with shipowners by removing violent attacks on vessels from hull cover.
Dahej back in business Petronet LNG's terminal functioning despite sustaining damage from tugs blown by storm winds.
Rescue tug skipper charged UK emergency towing vessel skipper was three times over the limit when his ship ran aground.
Ezra sells Lewek Ebony Sale of three-year-old anchor handler helps Singapore owner reduce gearing and improve cash flow.
World Fuel Services plans $124 million share offering Fuel marketer announces offering to raise capital for debt payment and expansion.
US Gulf picks up as Rita threatens Buyers fixing ahead of hurricane disruption even as Miami closes and New Orleans returns to regular bunkering.
OPEC to make spare capacity available Crude prices shed much of Monday's gains after OPEC confirms deal.
Chevron Oronite: Limited operations to begin this week Company says limited blending and shipping operations are expected to begin this week, dependent upon road access to the Oak Point facility.
Supplier rebuffs talk that buyers will shun shorter credit terms Supplier argues that price, not longer credit terms, is decisive factor in bunker purchasing decisions.
Attica: Earnings decline as bunker prices bite Greek ferry operator has partly attributed lower earnings in H1 to the sharp rise in bunker fuel costs.
Medium term storage outlook good despite near-term overhang New storage capacity to be added in Southeast Asia could tip the market into oversupply, but only briefly, says Vopak official.
OPEC promises swept aside by Rita Oil prices post record gains on fresh hurricane fears despite OPEC readiness to open oil taps to the maximum.
SkySails: Fuel savings could equate to $12 billion annually Company believes consistent use of wind energy could equate to annual fuel savings of $12 billion as well as cutting toxic emissions by 50%.
Rotterdam firm with crude surge
Malacca Strait to get war risk list for piracy A move by underwriters to list piracy as a war risk in the Malacca Strait, rather than a hull risk, may finally resolve the dispute over the strait's designation.
Singapore rides on Asia's strong demand for oil Strong demand for oil in Asia can help to generate opportunities in new refining investments and oil storage facilities in Singapore, a local minister said in APPEC yesterday.
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