UK Navy finds no depth changes at Malacca Straits A British Royal Navy hydrographic vessel has found no evidence of changes in depth at the busy entrance to the Malacca Straits despite reports of sudden, dramatic shallows in the key shipping lane following the massive tsunami-triggering earthquake.
Frontline's Q4 profit sails to record high FRONTLINE Ltd, the world's biggest oil tanker company, said fourth quarter profit surged sevenfold to a record on higher oil demand as it boosted its stake in General Maritime Corp.
Panama Canal to host attack simulation SHIPPING companies from 12 European countries and the Americas are to take part in Panamax 2005, an air-naval exercise based around a hypothetical terrorist attack, the fourth in recent years.
Inverted pricing sees Shell monopolise Houston market Shell has emerged as the dominant force in the Houston marine fuel market in recent weeks as it pursues an aggressive programme of buying 3% sulphur fuel oil and selling IFO380 bunker fuel at inverted prices.
Latest gains and avails in Saudi ports
Rotterdam continues firm this morning
France: Court ruling paves way for Erika trial A French court has ruled against a proposal that further expert evaluations are needed to clarify the liability, or otherwise, of charterer Total in the case of the Erika disaster before trial.
Tramp Oil secures more US Defense contracts Global bunker operator Tramp Oil has secured two more contract extensions with the US Defense Energy Support Center (DESC).
More Singapore staff moves
Crude markets surge on weather, supply and weak US dollar Crude markets make gains well in excess of $2 per barrel as cold weather returns and old worries about supply and the weak US dollar resurface.
Genmar buy on the agenda as Frontline earnings pass $1bn JOHN FREDRIKSEN'S company has accompanied annual earnings which pierced the $1bn threshold for the first time with the admission that it views rival tanker operator General Maritime as a takeover target.
Frontline tops $1bn earnings and targets General Maritime Frontline has accompanied annual earnings piercing the $1bn threshold for the first time with a clear indication of its ambition to acquire rival tanker operator General Maritime (Genmar).
Container index breaks 2,000 barrier Howe Robinson's weekly container index soared through the 2,000 barrier for the first time yesterday, helped by a burst of fixture activity by Maersk Sealand and other global carriers.
UK joins EU coastguard rebellion BRITAIN and at least six other European Union members will firmly quash any attempt to form a European coastguard, UK government sources confirmed yesterday, writes David Osler.
Europe green lights criminal sanctions A FIVE-month campaign to prevent the EU breaking away from an international convention on oil spill pollution ended in failure yesterday following a vote in the European parliament.
Officer shortage could get worse warns Barber THE chief of Barber International's crewing company says that the much talked about shortage of senior officers is now a reality and it could get worse than predicted.
European deficit confined to tankers NO GENERALISED officer shortages have so far been reported in Europe, although the supply is tight in some specialist areas.
RCL net profit surges to $93M INTRA-Asia operator Regional Container Lines has achieved record profit of $93M for 2004 on the back of booming trade
Mindanao seeks port operator A private port operator is being sought to run the Mindanao Container Terminal in the Philippines after two earlier open bidding exercises were unsuccessful
Lukoil to back Arctic tanker port IN a new tussle over who will control the next generation of Russian oil ports, LUKoil is backing its own plan to expand shipments from Varandey in the Arctic
Pemex needs massive investments MEXICO will become a net crude importer by 2015 unless state-run oil company Pemex secures $20Bn in investments a year to maintain production, it was claimed this week
Fears ease concerning tsunami's impact on shipping lanes December's disaster altered the depth of the sea by more than 30 feet but not enough to interfere with shipping as initially feared.
UPS chief pushes global trade promotion
Another merger for Yellow?
Osprey Line launches weekly service to New Orleans
Germany plans massive expansion at Port of Hamburg
United Airlines to expand Asia services
3 nations reject plan to ban fishing subsidies
St. Lawrence Seaway to reopen March 25
Kansas City Southern promotes 3
Cargo volume soars at Dragonair
CMA CGM launches rail shuttle
BNSF warns of delays in Southeast
Indian dockworkers defy court order, continue slowdown
Industrial action looms over Durban Durban container stevedores began striking today, as wage negotiations broke down, and more widespread action during the next few weeks is expected to bring the port to a standstill.
MSC and Maersk fix new Australia-S Africa/ECNA arrangements Mediterranean Shipping Company's (MSC) massive Australasian service re-organisation has been resolved, with MSC, Maersk Sealand and subsidiary Safmarine revealing new arrangements for trades between Australia, South Africa (SA) and then ECNA.
Charter index breaches 2,000 points, as post-CNY market wakes up
Cosco focuses on Central America
UK gauge-work prompts new rail service, but others are waiting to go
Private sector to operate Delhi-Mumbai corridor
Arica added to Alianca's Andes
'Window of opportunity is now,' says Oakland, in race to minus 50ft
Macandrews takes aim at UK and Ireland, with Spanish fruit and veg
Korean crane-makers strive to beat all foreign comers
Boost for Australian meat exports to China
Namsung to launch Korea/China/Japan pendulum service
DPI completes CSXWT acquisition
Regional Container Lines reports stellar intra-regional year
Consafe to the Oslo exchange Consafe Offshore, a subsidiary to G'teborg-based JCE Group, will be listed on the Oslo Exchange. A private placement that ...
Coastal Express operators in cash squeeze The two operators of the Coastal Express from Bergen to Kirkenes ' Troms Fylkes Dampskibsselskap (TFDS) and Ofotens and Vesteraalens Dampskibsselskap ...
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