Rough seas for container liners as freight rates ease CONTAINER liners, which have ridden a three-year wave on surging Chinese trade, are heading for choppier waters as shipping capacity grows faster than demand.
Slowing UK growth a drag on P&O profits PENINSULAR & Oriental Steam Navigation Co , the UK's largest port operator, said slowing economic growth in Britain will hurt 2005 operating profit at the ports division.
Bergesen raises 4.2b kroner in IPO THE shipowning Sohmen-Pao family raised 4.22 billion Norwegian kroner in an initial public offering of Bergesen Worldwide Gas, the largest share sale in Oslo in four years.
Port backlog crisis forces staff lay-offs
Russia-Norway high seas standoff continues
Strait Talk
The phoney war continues LOOKING at the liner scene right now is a strange experience.
Rough seas for container liners as freight rates ease CONTAINER liners, which have ridden a three-year wave on surging Chinese trade, are heading for choppier waters as shipping capacity grows faster than demand.
Slowing UK growth a drag on P&O profits PENINSULAR & Oriental Steam Navigation Co , the UK's largest port operator, said slowing economic growth in Britain will hurt 2005 operating profit at the ports division.
Bergesen raises 4.2b kroner in IPO THE shipowning Sohmen-Pao family raised 4.22 billion Norwegian kroner in an initial public offering of Bergesen Worldwide Gas, the largest share sale in Oslo in four years.
Port backlog crisis forces staff lay-offs
Russia-Norway high seas standoff continues
Strait Talk
The phoney war continues LOOKING at the liner scene right now is a strange experience.
Bergesen Worldwide Gas suffers lacklustre Oslo debut OSLO investors yesterday deflated initial high hopes for the float of premier Norwegian gas shipping group Bergesen, with shares falling by up to 5.5% during morning trading.
Marshall Islands guns for Liberia's second spot flag status THE Marshall Islands will overtake Liberia to become the world's second largest flag state by 2010, according to the head of International Registries, which administers the Marshall Islands flag, writes Keith Wallis in Hong Kong.
Braemar's Marsh embraces tanker boom UK shipbroking and consultancy group Braemar Seascope produced a bumper set of interim results yesterday and predicted strong tanker trades for years to come.
Keppel yard rejig to meet rig demand KEPPEL Offshore and Marine is converting shipyard capacity in Singapore and the Philippines to meet the soaring demand for offshore oil rig newbuildings.
Wilma alters cruise landscape HURRICANE Wilma's most significant shipping impact will befall the cruise sector, which has temporarily lost its most important port of call: Mexico's Yucatan Peninsula
Lloyd's Register-Fairplay Inc, Miami Lloyd's Register ' Fairplay Inc's Miami office is currently closed because of damage caused by Hurricane Wilma. We expect it to reopen later this week
Migrant Watch: Cubans charged TWO Cuban nationals have been charged in the ill-fated migrant smuggling attempt that ended with a young boy's death
$60,000 fine for Norwegian tanker spill A NORWEGIAN-registered tanker has been fined C$70,000 ($59,300) for illegally discharging an oily substance into the waters off Newfoundland last year
Bocimar wins industry award BELGIAN bulk carrier operator Bocimar was presented with the Shipping Industry Company Award last night at the 25th anniversary dinner at Coaltrans 2005 in Paris
Christian societies get together A GROUND-BREAKING ecumenical agreement was signed today in the UK by three leading Christian maritime societies to respond more effectively to the needs of seafarers
P&O cut ports profit forecast, as European consumers waver, but see Asian growth P&O have cut their 2005 ports operating profit expectations by 2-3%, citing lower profits at UK terminals, but see Asian growth continuing, echoed in North America and the intra-Asia trade.
Shippers want Concor to keep off terminals The Western India Shippers' Association has recommended that the Container Corporation of India concentrate on running block-trains instead of diversifying into non-core sectors, like port and hinterland terminals.
Tacoma fatality investigation clears all of blame
Update: TCY terminal undamaged by Wilma, confirms terminal group
Vosco finds its wallet Tsakos's long-delayed sale of a products tanker to Vietnam's Vosco has finally gone through.
Charter boss out at Genmar John Ramistella parts ways with New York owner as shakeup continues at Peter Georgiopoulos' public company.
Profits tumble for Euronav High oil prices cut demand for Belgian owner's tonnage as third-quarter earnings slump.
ACL pays off Title XI Nasdaq-listed American Commercial Lines has paid off bondholders and US guarantors early with $33.5m.
Tote wins renewal The US military has signed up a 28-year-old ro-ro for another year at over $41,000 a day.
Leif Hoegh slows down Reduced summer car shipping demand put the brakes on Norwegian owner's performance.
Chilly deal for Sovcomflot Russian shipowner to provide integrated crude transport for icy Barents Sea oilfield.
Tallink linked to Silja Estonian ferry line reportedly agrees deal to buy struggling Baltic subsidiary of Sea Containers.
BW Gas still bullish Jan Hakon Pettersen is putting more trust in the freight market than initial stock market reaction to the Bergesen Worldwide listing.
Armada man joins Golden Ocean Frontline spinoff begins operation in Singapore in search of new business.
Former Frontline tanker fined Norwegian owner to pay CAD 70,000 after suezmax discharged oil off Canada last June.
CDSC up again Bigger tanker and bulker volumes boost nine-month profits at Hong Kong-listed owner.
Tasmanian ferry improving Passenger and freight figures picking up for TT-Line's struggling Spirit of Tasmania III.
BW Gas shares dive Stock drops 5.2% in early trading on the Oslo exchange despite pricing at low end of range.
Keppel surges again Another double-digit profit increase for Singapore rig builder.
Ferry numbers down UK group P&O's smaller fleet sees drop in passenger figures between Dover and Calais, but other routes improve.
Braemar Seascope forges ahead UK shipbroker sees revenues soar and profits rise in strong markets in first six months.
Tougher environmental rules for shipping to be expected The EU commission proposes that a new marine environment strategy should be a part of the maritime policy the commission ...
Keener control with Color Line The Norwegian Competition Authorities (NCA) (Konkurransetilsynet) as extended the accounting control with Norway's biggest passenger ferry operator Corlor Line to ...
Fast ferry planned Drammen for Boulogne The Ports of Drammen and Boulogne, and perhaps Santander will cooperate to start a fast ferry link. A 34 knot ...
California sets timetable for 2007 diesel emissions rules Air Resources Board announces public hearing to discuss new regulations for auxiliary engine emissions on ships in California waters.
Hurricane's impact felt from Mexico to Canada Hurricane Wilma heads north after leaving Mexican bunkering unaffected, Florida shutdown, and Halifax taking precautions.
New sensor for large volume lubricant users Kittiwake says its new ANALEXrs range of remote online sensors is 'especially valuable' to large volume lubricant users in the marine sector.
West-East arbitrage cargoes seen up 50% in November Western fuel oil arrivals into Asia in November seen up 50% against October, with most product slated to be 380 cst marine fuel specification.
Dubai commodity exchange announces launch date Initial trade will be in gold futures, followed by silver and then commodities - including marine fuel oil.
Ships diverted as fuel oil dries up in Durban Absolutely no fuel oil available in Durban amid refinery shutdowns.
UK: MCA reports decline in vessel oil discharges Oil discharge incidents show decline despite improved and more stringent reporting procedures.
Rotterdam firm with barge market
Singapore: Spot market regains life as avails improve Singapore's spot market resumes activity as tight availability of bunker fuels eases, but barge congestion is expected.
Singapore Petroleum Company profits rise in Q3, 2005 Singapore Petroleum Company posted higher profits in Q3 this year following the recent surge in oil prices in the aftermath of hurricanes Katrina and Rita.
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