Japanese group suggests 'user pay' system to fight piracy TRADITIONAL thinking' is no longer adequate in ensuring the safety of navigation in high risk waterways like the Malacca Strait according to the president of the Nippon Foundation who advocates a 'user pay' system to help fight piracy.
KL police nab mastermind of foiled tanker hijack MALAYSIAN police have arrested a man accused of being the mastermind behind the botched hijacking of an oil tanker in the piracy-prone Malacca Strait last week, reports said yesterday.
MPA may have frozen fresh bunker licences THE Maritime Port Authority of Singapore is not expected to grant new bunker fuel supply licences for the rest of 2005, extending a two-year block on new players entering the growing market, industry sources said yesterday.
Brussels shelves class overhaul BRUSSELS was understood yesterday to have dropped plans for a radical overhaul of the classification society industry.
Los Angeles to cut free time on containers to ease jams DEMURRAGE on containers offloaded at Los Angeles and Long Beach will start accruing a day sooner from July 1, and the initial rent-free days will start accumulating the day after the box is unloaded and not after the ship has sailed.
Longer trains demand runs into a mixed reception A DECISION by one of the two railways serving Los Angeles and Long Beach to wait for trains to reach 7,500 ft before allowing them to leave for the US hinterland has elicited a mixed response from the two ports, writes Rajesh Joshi in New York.
Rigs shortage sparks MOS joint venture LONDON-listed rig equipment supplier MOS International has set up a joint venture with finance group Crown Corp to order newbuild rigs to take advantage of the tight global supply.
Car carrier fleet growth to ease RECENT dramatic growth in the car-carrier trades is expected to moderate in the months ahead as new vessels join the fleet, according to Eukor boss Carl-Johan Hagman
Trouble at Port of Spain A SERIES of unrelated problems could lead to increased congestion at Trinidad's Port of Spain, according to T&T Manufacturers Association president Paul Quensel
Mersey ship repair consolidated NORTHWESTERN Shiprepairs has acquired A&P Birkenhead, a subsidiary of the UK's largest ship repair operator, A&P Group
Fonterra 'comfortable' with merger NEW Zealand dairy co-operative Fonterra is unlikely to be hit by the take-over of P&O Nedlloyd by Maersk Sealand
APM continues to build RPONL stake AP Moller now controls 19.1% of Royal P&O Nedloyd (RPONL) following the recent purchases on the open market of 5% of shares
California volume dip feeds Panama Canal spike Loaded container imports through the two ports of Los Angeles and Long Beach dropped in May, despite impressive 18.6% growth figures posted by Long Beach.
Summer sun softens mid-ranges, but charter market 'not turning'
HHLA refused Petersburg stake to maximise investment
EU duties put spanner into Chinese bicycle export works
Maersk Mc-Kinney Moeller acquires APMM shares, as RPONL takeover continues
P&O reports 'no change' to H1 expectations' except perhaps RPONL sale
Ivaran returns with slot deal on bulkers
Toll faces Trans-Tasman union accord
Australia beef beats export records again
Geest to add four more specialist ice-class vessels to fleet from 2006
Port of Portland's T-3 claims 2-3mph West Coast advantage
Danish union fined for improper campaign The Danish union S'm'ndenes Forbund, which is a part of the largest Danish union SID, now 3F, has been fined ...
Growing labour unrest hits shipping Specialist mutual insurer in delay insurance, the Strike Club, warns of growing labour unrest in many parts of the world ...
EU and Korea stop quarrel over yard subsidies The European Union and South Korea have ended their litigating proceedings in the World Trade Organisation (WTO) on yard subsidies ...
Swedish Shipowners Association & PWC push for emissions trading The Swedish Shipowners Association, in conjunction with consultancy firm PricewaterhouseCoopers, has been developing a scheme for emissions trading from ship sources in Europe, arguing such schemes can offer a faster, more effective reduction of emissions compared with regulations and punitive taxes.
Oil rally falters despite US inventory decline Crude oil rally falters after smaller-than-expected drop in US crude oil stocks and Norwegian oil worker strike is averted, but some believe fund-buying and geopolitical events could soon prop up prices again.
DOE & API at a glance: Latest US inventory figures Figures vary widely, but overall trend shows falling crude stocks as product inventories rise.
Bunker Holdings announces new director A new director has been appointed to the Greek office of Bunker Holdings, which is also making good progress towards expanding its bunker supply operations in Russia.
Lubricants: Additives merger gets regulatory approval Proposed merger between lubricant additive producers Crompton Corp. and Great Lakes Chemical Corp. has now received approval from the European Commission, and the $1.8 billion deal is now only subject to the approval of shareholders.
"User pays" advocated for Malacca Straits security Yohei Sasakawa, president of the Nippon Foundation, has stressed that international cooperation is essential to ensure the safety of navigation while advocating a "user pays" principle to the funding of security initiatives.
Tallinn: New CEO for NT Marine
Tight prompt supply persists in quiet ARA market
Chennai port gears up to combat oil spills India's Chennai port will soon be better able to handle oil spills of up to 100 metric tonnes within its port waters through the setting up of an oil spill response facility.
Showa Shell expects more Saudi crude and higher bunker sales Showa Shell is expecting to have access to large volumes of light-grade crude from Saudi Arabia, and bunker fuel sales to jump in July on the back of strong supplies.
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