Capacity shortage imminent: study A new study commissioned by Neptune Orient Lines' container division, APL, warns of impending capacity shortages on the US West Coast and at the Panama Canal within the next three years, highlighting the urgent need for ongoing US infrastructure investment.
Yusen's cruise unit to return to profit next year NIPPON Yusen K K, Japan's largest shipping line, said it expects its cruise operations to return to profit next year for the first time in five years, helped by a recovery of demand for leisure travel.
Sale of Shipping Corp of India to go ahead INDIA's Shipping Minister TR Baalu reiterated the government's plan to sell a 15 per cent stake in state-run Shipping Corp of India Ltd, the nation's biggest shipping company.
Port Shots
Port Shots ABOUT 50 tonnes of crude oil spilled into the Gulf of Thailand from a Japan-registered ship yesterday as it attempted to dispense some of its cargo at a refinery buoy, a company official said.
Capacity shortage imminent: study A new study commissioned by Neptune Orient Lines' container division, APL, warns of impending capacity shortages on the US West Coast and at the Panama Canal within the next three years, highlighting the urgent need for ongoing US infrastructure investment.
Yusen's cruise unit to return to profit next year NIPPON Yusen K K, Japan's largest shipping line, said it expects its cruise operations to return to profit next year for the first time in five years, helped by a recovery of demand for leisure travel.
Sale of Shipping Corp of India to go ahead INDIA's Shipping Minister TR Baalu reiterated the government's plan to sell a 15 per cent stake in state-run Shipping Corp of India Ltd, the nation's biggest shipping company.
Port Shots
Port Shots ABOUT 50 tonnes of crude oil spilled into the Gulf of Thailand from a Japan-registered ship yesterday as it attempted to dispense some of its cargo at a refinery buoy, a company official said.
EU dockers down tools over port services directive PORT workers across Europe will stop working for at least an hour today to protest against the European Commission's revised port services package.
Swiss Re storms to market lead with $6.8bn GE Insurance buy SWISS Re is buying GE Insurance Solutions, number five among the global reinsurers, for $6.8bn. This creates a new world market leader, replacing Munich Re.
MOL buys P&O Nedlloyd's Europe-South Africa operation JAPANESE line MOL is to buy the Europe-South Africa operations of the former P&O Nedlloyd, giving it a market share of around 20%.
Teekay LNG to raise $110m in share offer TEEKAY LNG Partners is set to raise at least $110m from its follow-on public offering of 4m shares, writes Tony Gray.
Lloyd's List online gets ABCE approval WOULD YOU drive a car without an MOT? Fix a ship without an ISM certificate? Enter the US without ISPS compliance?
Higher costs bring Star down STAR Cruises' profits dropped 29% during its third quarter as fuel and payroll expenses pushed costs higher, offsetting revenue gains from new capacity and growing yields in North America
Short-sea plea for European yards EUROPEAN shipyards must be allowed to take advantage of the push towards increased short-sea shipping, a European policy gathering heard yesterday
Port directive slammed from all sides THE EC's controversial Port Services Directive has once again become the focus of growing opposition in advance of a crucial European parliamentary meeting
EU warned to avoid conflict on IMO EUROPEAN ministers have backed the proposed creation of a harmonised EU maritime policy but warned yesterday that any conflict with the IMO will not be accepted
Korean bulker sinks: officer missing RESCUERS have spent the day searching for the Korean chief engineer who remains missing after the bulk carrier Bright Sun went down off the northern Philippines today
India awaits breaking guidelines INDIA is keenly awaiting new guidelines for ship recycling currently under discussion at the IMO convention in London
MOL acquisition sees SAECS change structure and partnerships MOL confirmed that it has acquired P&O Nedlloyd's 30% share of the South Africa Europe Container Service from AP Moller-Maersk, in what is thought to be a US$200m deal.
Opposition aims at full EC retreat on Ports Directive The European Commission's controversial Ports Directive is under fire again, from member-state governments, European dockers and some MEPs, with the apparent purpose of pressuring the Commission to withdraw it.
Canadian port and rail co-operation eyes Asian cargo
Nansha to move 1m TEU in first year
International carriers show interest in Java's Bojonegara project
SYMS to launch Japan/China/Vietnam/Thailand service
Wai Hai deploys larger vessels on transpacific trade
Intermodal Hungaria in the starting blocks
Jurong Port looks for expansion home and away
Taiwan President marks opening of Taichung FTZ
Pakistan government refuses to devolve control of ports
Kystlink to Str'mstad There are no grounds for turning down Kystlink's application to start up a ferry service between Str'mstad and Langesund, says ...
Notice for strike on Esvagt vessels Søfartens Ledere, the Danish union of navigators, has announced that it will take industrial action against svagt A/S on ...
More steel renewal on Bulgarian bulk carrier Fredericia Skibsværft will keep the Bulgarian bulk carrier "Rodina" a little longer than first expected as the damage is much ...
US West Coast prices tumble Bunker prices in key bunkering ports falling as avails ample and demand weak.
Onboard emissions monitoring saves fuel Engine monitoring system offering fuel savings and MARPOL Annex VI compliance, company claiming.
Vopak fuel oil expansion geared towards LSFO market Significant boost of Rotterdam's fuel oil capacity is response to anticipated rise in LSFO demand, Vopak tells Bunkerworld.
Virgin Islands impose seven-fold increase in bunkering fee Increased fee aimed at funding dredging projects that will allow the return of voyager-class cruise vessels to St. Croix.
'Gruelling bunker prices' bite Green Reefers Market conditions hammer Q3 results for Norwegian owner.
Abrasive fuels found in Rotterdam and Malaysia Fuels with alarmingly high levels of abrasive cat fines have been detected in the past two weeks.
Asian fuel prices fall on weak crude Weakening crude oil prices have pressed fuel oil prices in Asia and dampened Chinese demand for oil.
No 'demand destruction', OPEC says OPEC predicts a resurgence in Chinese oil demand and a recovery in world oil demand.
Aegean targets $160 million from IPO Aegean plans to float 10 million common shares, raising as much as $160 million.
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