Volatility still governs tanker and oil markets TO say that the price of crude oil affects shipping would be stating the obvious but the relationship between the two can be surprisingly complex.
Gaps in regional bunker prices on the rise WHILE increased crude oil prices have pushed up the general level of bunker prices since early 2003, another less obvious impact is a marked increase in regional price differences within the bunker market.
New cruise terminal facilities needed: MPA NEW world-class cruise terminal facilities must be developed soon if Singapore is to stay ahead of the rapidly developing regional cruise competition, according to the head of the Maritime & Port Authority of Singapore .
Top US port complex starts fees to ease congestion
Collision claims four lives off Japan TWO ships collided in heavy fog off the Japanese Pacific coast in the early hours of Friday morning, killing four Chinese crew.
K Line seeks global 20-year deal with PSA K LINE is seeking a long-term contract of up to 20 years with PSA, covering its terminals in Singapore and beyond.
PSA eyes dedicated car terminal PSA Singapore is studying whether to build a dedicated automotive terminal to meet growing demands for regional transhipment. Japanese lines are keen to be involved in its management.
IPOs 'in deep trouble' as Golden Energy delays show THE initial public offering market for shipping companies in the US lies in tatters following Genco Shipping & Trading's heavily discounted Nasdaq debut, with at least one company, Golden Energy Marine, abruptly delaying its road show.
Stowaways evade death trap in railway container THREE illegal immigrants had a narrow escape from a container arriving in the port of Zeebrugge when they managed to call the emergency services in broken Italian to explain that they were trapped in a container on a train that was no longer moving.
Bangladesh to open ferry initiative BANGLADESH has been chosen as the pilot project in a joint IMO/Interferry initiative to tackle ferry capsizes and sinkings
PONL price dispute SHAREHOLDERS representing 54% of the outstanding capital of P&O Nedlloyd disputed the price of at which AP M'ller is to buy the company
Concern over insurance stability THE threat of aggressive underwriting and a further softening of an already fragile pricing environment are raising concerns at the International Union of Marine Insurance
Genco raises $247M GENCO Shipping & Trading will begin trading on the NASDAQ today after consummating its initial public offering at a discounted price of $21/share
APM sets up $6.5Bn credit line AP MOLLER-Maersk has signed an agreement for a $6.5Bn revolving credit facility that will replace an existing facility of $2Bn, CFO Jorgen Endell told Fairplay
Yuan impact on shipping minimal THE effect of the revaluing of the yuan on shipping and port operations in China will be limited because the revaluation was a 'meagre' 2.1%, a shipping analyst told Fairplay
ILWU: PierPass violates labor pact With off-peak program set to begin Saturday, longshore union accuses marine employers of end-run around new waterfront contract.
Chinese shippers wary of further Renminbi appreciation China's manufacturers, carriers and terminal operators consider the Renminbi's appreciation as a negative factor against exports, but believe that the 2% upward adjustment would not hit the market too severely.
Malaysian hauliers fear industry collapse
Puerto Rico truckers' strike brings country to a standstill
Seaspan to float boxship business
PONL executives get rough ride in stormy EGM
Bangladeshi ministers clash over rail privatisation
KCR Freight to launch HK/Dongguan through train service
See you in September Victor Restis' Golden Energy and Wexford's Cavan Maritime delay offerings until after Labor Day in face of "tired" shipping IPO market.
Genco opens on Nasdaq Company's IPO nets required $230m to keep bank deal intact after Genco ups shares to 11.76 million.
Navios vote set for 23 August Angeliki Frangou's $607m takeover of Navios is set for a shareholder vote.
Leonhardt & Blumberg in ITF campaign German owner under pressure from unions over containership crews.
Nymex rolls out new FFA routes New York exchange will now offer US-Caribbean contracts.
Smit/Wijs renew marriage vows Dutch companies committed to 50-50 towing venture as Veldman takes over as head.
Panam Sol brings relief Tanker to arrive in drought-stricken Bermuda with country's first water shipment in 15 years.
D'Amico doubles up Paolo and Cesare take home $70m in 2004.
Ships collide off Japan Japan launches large rescue operation after accident sinks one ship and leaves eight crew missing.
D/S "Norden" gains from the high market Dampskibsselskabet "Norden" of Copenhagen has once again cashed in on a ship sale. This time it is the product tanker ...
US buyers fail to snag hook despite slipping prices Quiet trading on the USEC and Gulf Coast sees prices firm slightly, while West Coast keeps a close eye on Asia.
Environmental groups hail IMO's Annex VI revision promise Environmental groups today hailed a meeting this week with the IMO as a success after the United Nations body agreed to review air pollution standards for the world's shipping fleet, Bunkerworld has learned.
Reports: FAL Group buys tanker Reports today said that FAL Bunkering has bought a 60,000 dwt tanker, but sources at the company could not confirm the purchase.
Asian fuel oil and crude rebounds after Chinese moves Benchmark fuel oil prices in Asia rebounded strongly Friday, bolstered by rising crude and Chinese moves that may boost demand for crude and straight-run fuel oil.
Shipping emission levels worsening despite countermeasures A newly-published paper claims that international shipping emissions of sulphur dioxide and Nitrogen oxides are expected to increase substantially despite the introduction of countermeasures under MARPOL Annex VI.
9,000 dwt Leadership enters Singapore waters Independent barge operator Hong Lam Marine has brought into Singapore the newly built 9,000 dwt Leadership, the largest double-hulled bunkering tanker in this region.
Offers/bids wide apart in quiet Rotterdam market
Torres Straits welcomes newly approved status Great Barrier Reef's Torres Straits was recognised as a particularly sensitive sea area (PSSA) by the IMO during this week's MEPC meeting.
China softens rule on single-hull ban Chinese port authorities are starting to ease the rule implemented on April 5 this year banning single-hulled tankers of more than 20-years-old from entering China's ports.
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