Transpacific container lines warn of more rate hikes TRANSPACIFIC container lines, including Neptune Orient Lines , are warning of additional rate hikes and cost-based charges this year as a result of rising costs associated with an over-taxed supply chain stretching from China's factories to North America's stores.
Bunkering gets GST waiver for local fuel oil THE Government has introduced an Approved Marine Fuel Trader scheme under which qualifying bunker operators will not have to pay the Goods and Services Tax on marine fuel oil purchased locally for bunkering purposes.
Ship shortage may push up Persian Gulf tanker rates THE cost of shipping crude oil from the Persian Gulf to refineries in Asia and the US may rise this week as oil companies hire ships to load in March amid a shortage of the newer vessels they prefer.
Ship scrap prices may fall from record if supply surges
IBC April conference programme completed Bunker conference puts emphasis on sulphur and related issues on the eve of Marpol Annex VI coming into force.
Teekay's Q4 profit soars 34-fold on record spot tanker rates
Greek owner fined $1 million after whistle-blowing Greek shipowner agrees to pay $1 million for pollution offences in latest whistle-blower case.
Cold snap boosts crude and distillate prices After solid gains for US light crude on Friday, oil prices continued firm in London today led by gasoil.
Russian barge operator makes plea to state Barge operator, Volgotanker has made a plea to the Russian government to put an end to a plan to sell the state's 20% stake in the company.
Barge congestion, arbitrage nulify blend stock circulation Arrival of blending stock having little impact on market amid barge congestion, good demand and imminent departure of Asia-bound cargoes from Rotterdam.
Claims filed against LG-Caltex after high cat fines Sources in Busan today said that shipowners are making claims against refiner and bunker supplier LG-Caltex following complaints of off-spec fuel in the market in January, but supplier denies the claims.
Mitropoulos says Panama register should take on more active role INTERNATIONAL Maritime Organization Secretary-General Efthimios Mitropoulos has urged Panama to live up to its role as the world's most important flag state by taking a greater role in education and the technical aspects of shipping.
Brussels in regulatory clampdown on classification industry THE European Commission is considering a comprehensive shake-up of the classification society industry as part of its forthcoming package of maritime safety proposals, industry representa- tives have been told.
Owners faces P&I increases at next renewal after recent hard bargaining SHIPOWNERS, fresh from arguing over premiums for their 2005 liability insurance, are realising they are likely to be faced with calls for similar uncomfortable increases in 2006.
TSA fires warning shot ahead of rate round SHIPPERS moving cargo from Asia to the US have received a warning shot from ocean carriers as the two sides prepare for the annual round of contract renewals that will set the tone for the coming year.
Oceana backs pollution directive OCEANA, the international organisation dedicated to campaigning for cleaner seas, has called on Europe to approve the controversial criminal sanctions directive in order to stop what it described as the "serious, chronic pollution" caused by routine illegal oil discharges from ships, writes Brian Reyes in Gibraltar.
Tanker Gerrita safe at Sullom Voe THE 112,046dwt tanker Gerrita has arrived at Sullom Voe, Shetland Islands this evening under tow after losing power on Saturday morning en route from the Caribbean to Murmansk, Russia
Bunker suppliers get tax break BUNKER operators in Singapore have been granted a waiver of the Goods and Services Tax under the Approved Marine Fuel Trader Scheme of the Ministry of Finance
Great Polaris refloated THE Korean flagged bulk carrier Great Polaris has been refloated after breaking down while transiting the Suez Canal on Saturday
Cosco Pacific eyes Long Beach HONG Kong-listed port operator Cosco Pacific plans to spend $350M on eight port projects this year including Long Beach in the US
Attica buys stake in rival Minoan ATTICA Holdings, the Athens-listed ferry company, will acquire a 9.51% stake in rival ferry operator Minoan Lines for about €22M ($28.7M)
NSCSA buys into LPG major NATIONAL Shipping Co of Saudi Arabia is to move into the petroleum gas sector by acquiring a 30.3% stake in Petredec, the LPG shipping company, for $50M
Exporter body criticises Melbourne channel deepening The Australian Peak Shippers' Association (APSA) has come out against Melbourne's channel-deepening project, claiming the only beneficiaries will be the profits of some major international carriers.
Panama boosts box-revenues through room-to-grow terminal offer
Cosco adds northern Chinese port to all-water service
Bush security blockades Rhine shipping
Shanghai and Shenzhen both up 41% in January throughput
CMA CGM l'Astrolabe navigates Asia-South America/South Africa trade
Gwangyang crane bid on hold after boycott from domestic companies
Container volumes between Japan and China up 18.8%
Australia and NZ look to ASEAN free trade deal
Geveran increases shares of Korean carrier market, with new shares in HMM
WTO working party looks to rail concessions for Russia accession
South Korean shipyard wins three orders for six containerships
Danish-built engine for super-tug in China Danish engine manufactors MAN-B&W/Alpha in Frederikshavn has secured a contract for the delivery of the propulsion plant ...
Fjord 1 recalculates costs for gas ferries It is now apparent that Fjord 1 Nordvestlandske did not have the complete information on the fuel consumption of the ...
Record scrapping price paid for tanker Alang shipbreakers in India has paid a record USD 470 per ldt for 59,250 DWT (11,908 ldt), 1977-built tanker ...
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