M'sia rules out foreign patrols in Malacca Strait PRIME Minister Abdullah Ahmad Badawi said yesterday Malaysia would never allow foreign military forces to help patrol the Malacca Strait, which is vulnerable to pirate attacks.
AP Moeller-P&O deal closer to approval AP Moeller-Maersk A/S's US$2.8 billion acquisition of Royal P&O Nedlloyd NV, the container-shipping industry's biggest-ever transaction, moved closer to winning European regulatory approval after customers concerned about the deal accepted the companies' offer to sell off routes.
US detains 17 ships on safety faults US coast guards detained 17 ships in May, including chemical tankers operated by Odfjell ASA and Stolt-Nielsen SA, the world's biggest operators of deep-sea chemical carriers, for failing safety checks.
Dalrymple Bay coal port has record exports
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Suppliers lose to bank in 'maritime lien' claim ACANADIAN court has thrown out a bid by 15 suppliers, including one who provided supplies in Singapore, to be paid ahead of a mortgagee bank in their claim against the proceeds of the sale of three vessels.
M'sia rules out foreign patrols in Malacca Strait PRIME Minister Abdullah Ahmad Badawi said yesterday Malaysia would never allow foreign military forces to help patrol the Malacca Strait, which is vulnerable to pirate attacks.
AP Moeller-P&O deal closer to approval AP Moeller-Maersk A/S's US$2.8 billion acquisition of Royal P&O Nedlloyd NV, the container-shipping industry's biggest-ever transaction, moved closer to winning European regulatory approval after customers concerned about the deal accepted the companies' offer to sell off routes.
US detains 17 ships on safety faults US coast guards detained 17 ships in May, including chemical tankers operated by Odfjell ASA and Stolt-Nielsen SA, the world's biggest operators of deep-sea chemical carriers, for failing safety checks.
Dalrymple Bay coal port has record exports
DISAPPEARING ACT
Admiralty Casebook
Suppliers lose to bank in 'maritime lien' claim ACANADIAN court has thrown out a bid by 15 suppliers, including one who provided supplies in Singapore, to be paid ahead of a mortgagee bank in their claim against the proceeds of the sale of three vessels.
Seaspan seeks $750m in New York as Genco retreats THE market malaise that has afflicted shipping share offerings in the US since June claimed its most famous victim yesterday, forcing Genco Shipping & Trading to cut the price of its impending Nasdaq initial public offering by about 10% and abandon the secondary share component of its deal.
AP Møller-Maersk raises $6.5bn loan to lift reserves DANISH company AP Møller-Maersk has obtained a $6.5bn syndicated revolving loan but has no plans to draw on the credit for the time being.
P&O Nedlloyd Dutch probe call DUTCH shareholders' association VEB will go to the Netherlands financial markets authority, asking it to look into the possibility of insider trading at P&O Nedlloyd.
Favourable freight rates boost half year results STRONG freight rates contributed to a 17% increase in Royal P&O Nedlloyd revenue from container shipping in the first half of the year, writes Janet Porter.
Bush hails hi-tech advance PRESIDENT George W Bush has highlighted efforts to boost port security in his country as new technology is being rolled into place, writes Rajesh Joshi.
More London incidents LONDON'S underground rail system was closed today following a series of small explosions
Seafarers killed as boats overturn ONE seafarer is dead and another missing after two Taiwanese rescue craft were overturned in heavy seas caused by the tail-end of Typhoon Haitang on 20 July
Boxship loses power, scrapes ferry THE 8,400 TEU containership Savannah Express ran into a laid-up ferry and crushed a linkspan in Southampton on Tuesday after losing power to the main engine
Radiation check for all LA import boxes Customs and Border Protection by year-end plans to install 90 radiation portals (left) to scan all marine containers that enter the country's busiest trade gateway.
Truckers vent anger as HK terminals pass costs of e-receipts Hong Kong transport companies warn of escalating action if they are made to bear the costs for the electronic terminal receipts (eTR), which will formally be implemented in early October.
China's first cautious revaluation could go far, say US manufacturers China has approved an initial 2.1% appreciation of the yuan renmimbi, with the prospect of a peg to a basket of currencies, which could lead to significant further appreciation.
Feeder line forced to quit Rotterdam by over-zealous customs
Trinidad looks for Port of Spain partners
Konsortium's customers may pay the price for high cost of oil
BPA and MOMAF invest in Busan logistics development
Korean customs to further shorten import-cargo procedures
Genco prices at $21 New bulker company brought by Peter Georgiopoulos, Oaktree Capital will gross around $237m from discounted offering.
Genco erases insider cashout Backers Oaktree Capital and Georgiopoulos give up plans to cash out 1 million shares, but expand company's stock offering by 800,000.
Haircut and a trim? Genco bulker offering is having a tough time holding new bottom range of $22 and could face a double discount as IPO pricing talks stretch into evening.
OSG drops cars and Maersk Morten Arntzen's OSG is changing partners for the next hand of US maritime subsidies.
Maersk signs huge loan New $6.5bn revolving facility will replace old debt and provide deep pocket for the future.
Seaspan IPO aims at $854m Seaspan Corp aims to own 23 containerships and operate them for China Shipping and CP Ships.
Canada holds one Port state checks end in detention for just a single general cargoship during June.
Eitzen in action Axel Eitzen is behind the Top Tankers KS sale and two other purchases.
Genco cuts IPO Peter Georgiopoulos whittles back both price and size of new dry cargo venture.
Unitor doubles profit Wilh Wilhelmsen's newly acquired ship supply company has a bumper second quarter.
K Line inks China cape Japanese owner orders 177,000-dwt bulker at showcase shipyard Shanghai Waigaoqiao Shipbuilding.
Quintana fixes Barbara New stock exchange member ties up latest bulker for a year with Cargill.
Olsen bounces back Ganger Rolf and Bonheur see second quarter recovery after early months loss.
Attack on Messina conro An Italian ship has been attacked by pirates off the coast of Somalia.
Dutch yards win loan guarantees European Commission clears state backing for ship finance from banks.
Tufton founder departs Rhys Thomas sets off for new life in Miami as Renaissance legal action finally settled.
Haitang lashes Taiwan Seaman drowns after disaster strikes rescue mission of crew from ship driven aground by typhoon.
Nedlloyd leaves South Africa? Leading fruit shipper claims Maersk to sell off P&O Nedlloyd routes, as buyers line up.
Nedlloyd nails higher rates Maersk takeover target on track for better first-half result as turnover rises.
Kiperousa refloat postponed Plans to pull stranded bulker from South African reef delayed after problems with salvage chopper.
UK authorities minded to approve plans for new box port near London Britain's new transport minister Derek Twigg yesterday announced that he is minded to give a go-ahead to the building ...
Shipping company buys technical manager The shipping company Fabricius & Co, in Marstal, Denmark, has performed a company purchase by taking over all the shares in ...
Two new bunker barges unveiled in Jacksonville and Savannah USEC-based supplier Colonial Oil announces two new bunker barges operating by the end of August.
Delays in Mexican ports due to hurricane fallout Barge movements restricted today in Tampico and Altamira in the wake of hurricane Emily.
Singapore: Fuel oil glut may see more product in Fujairah Two Saudi Arabian high viscosity fuel oil cargoes have attracted little attention in Singapore, prompting traders to suggest that instead, the cargoes might be blended down to marine fuel specification for sale in Fujairah.
Shipping firm announces three new Asian ventures Wallem Group has announced the continuation of its path of expansion in Asia with the commencement of three new entities in July.
Increased demand prompts Addax fleet expansion Addax Bunkering Services (ABS) announced today that a new tanker has been added to its bunkering operations in the Morocco/Mauritania area.
Fuels tested off-spec for density in Panama Global fuel testing agency DNV Petroleum Services has issued an alert to its customers regarding off-spec fuels in the Panama Canal Zone.
Thai oil firm seeks better value for fuel oil exports Thai oil firm PTT is said to be looking at the option of exporting fuel oil cargoes directly to China, in a bid to enhance the value of their cargoes by cutting out the "middle-man" role played by Singapore.
Rotterdam: HFO & lubricant supplies up in H1, 2005 Heavy fuel oil and lubricants supplied to ships in the first half of this year showed significant growth, while distillate sales decreased slightly.
Japan: Bunker fuel prices extend bearish trend Bunker fuel prices in Japan have continued the downtrend, while bunker availability is starting to show signs of tightening.
Singapore: Fall in stocks of fuel oil and middle distillates
Haitang aftermath claims another life A seafarer died and another went missing during a rescue mission to ferry stranded sailors from a grounded ship off Taiwan due to typhoon Haitang.
Oiltanking invests in fourth tank farm in Singapore Independent storage operator Oiltanking has invested $59.4 million in the company's fourth storage terminal on Jurong Island in Singapore.
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