EC to continue dominance in global maritime sector: official THE European Commission's regional initiatives in the maritime sector will continue because of the intensity of economic activity in a relatively small area of European marine resources, warned the head of a new EC maritime policy task force.
Asia freight rates sink to near 2-year low ASIA shipping rates have dipped to their lowest in nearly two years amid a surplus of ships and as Chinese importers digest the impact of the yuan's revaluation on their buying power, brokers said yesterday.
HK plans to lower port charges to attract more cargo HONG Kong, which was overtaken by Singapore as the world's busiest container port in the first half, plans to lower some charges to attract more cargo shipments as competition from nearby Chinese ports increases.
Kuehne + Nagel's H1 net profit rises 34%
Typhoon pounds Japanese coast
Strait Talk
Globetrotting useful for IMO OVER a year, International Maritime Organization Secretary-General Efthimios Mitropoulos visits between 30 and 40 countries.
EC to continue dominance in global maritime sector: official THE European Commission's regional initiatives in the maritime sector will continue because of the intensity of economic activity in a relatively small area of European marine resources, warned the head of a new EC maritime policy task force.
Asia freight rates sink to near 2-year low ASIA shipping rates have dipped to their lowest in nearly two years amid a surplus of ships and as Chinese importers digest the impact of the yuan's revaluation on their buying power, brokers said yesterday.
HK plans to lower port charges to attract more cargo HONG Kong, which was overtaken by Singapore as the world's busiest container port in the first half, plans to lower some charges to attract more cargo shipments as competition from nearby Chinese ports increases.
Kuehne + Nagel's H1 net profit rises 34%
Typhoon pounds Japanese coast
Strait Talk
Globetrotting useful for IMO OVER a year, International Maritime Organization Secretary-General Efthimios Mitropoulos visits between 30 and 40 countries.
Ultragas fights $21m penalty over fatal chemtanker blast ULTRAGAS, a subsidiary of Ultramar of Chile, is to appeal against a $21.3m penalty levelled by two Brazilian environmental authorities following the fatal explosion on board the chemtanker Vicuña last year.
Cyprus signs up to US ship boarding security initiative CYPRUS has become the fifth register to sign a "reciprocal" agreement with Washington that would allow US authorities to board or detain in international waters a Cypriot ship suspected of carrying weapons of mass destruction.
Storm steals BP's profits thunder SOARING oil prices boosted BP's second-quarter profits to $5bn, but problems with the Thunder Horse platform will stunt its production growth strategy.
Summer tanker lull returns LOWER tanker rates are in store for the third quarter, with the traditional summer lull returning after its anomalous absence in 2004, according to OMI executives
Chinese court suspends spill claim A COMPENSATION case involving the Hyundai Advance and MSC Ilona, which collided in 2004, has been suspended until lawsuits between the two are settled
Florida bill to ban sewage dumping FLORIDA is moving to introduce legislation to bar casino ships from dumping sewage in US offshore waters, an initiative that is being applauded by the local media
Alaskan concern over collision risk ALASKAN environmentalists have expressed concern after two tankers simultaneously transited the Valdez Narrows ' in violation of USCG rules
Philippine collision: both guilty THE general cargo vessel Sulpicio Express Dos and the tanker Arowana III, which collided in the Philippines last week, were both found to have been at fault
Barrow awaits cruise approval THE UK northwest coast of Barrow is the preferred location for a new cruise terminal, subject to approval being granted for the £7-10M project in late September
Vancouver jam forcing diversions Port says $500 million in goods stalled on docks; ocean lines shift schedules as strike by container truckers enters fourth week.
PierPASS maintains after dinner cargo flows The first full night shift under PierPASS showed a steady stream of truck traffic, PierPASS president and CEO Bruce Wargo said today.
Ship diversions begin at strike-hit Vancouver region A joint service operated by Hamburg Sud and Chile's CCNI reportedly diverted the first ship from Canada's West Coast to the US as a result of the prolonged truckers strike.
Indonesia THC to be cut
Central bank denies further Renminbi appreciation
ITF ramps up L&B campaign
Demand stays firm as NOL records strong Period 6 returns
Melbourne issues trial dredging schedule
Commercial uncertainties have little impact on HK trade
MSC takes delivery of world's largest containership
2004 record breaking year for Wallenius The Swedish car carrier specialist Walleniusrederierna reports a SEK 1.1 billion (EUR 117 million) pre-tax profit for 2004, more ...
DFDS and Sovcomflot in ferry co-operation DFDS and Sovcomflot has entered an agreement covering a railway ferry service between Ust Luga, Baltiysk (Kaliningrad) and Sassnitz/Mukran ...
Smoking policy on its way to Svitzer tugs SvitzerWijsmuller may become the first Danish shipping company with a smoking policy for its employees. The company's 12 Danish flagged ...
Prices, demand rise in Houston ahead of DOE data Prices firm in Houston as suppliers widen price margins above cost and take advantage of above-average demand.
World Fuel Services CEO to address San Francisco forum World Fuel Services Corporation (WFS) chief the latest high-profile speaker to confirm their attendance at the Bunkerworld Marine Fuel Sustainability Forum in San Francisco, October 5-7.
Valero Q2 results: Highest quarterly net income ever Valero Energy Corporation (Valero) released its second quarter (Q2) results today, reflecting the highest quarterly net income in the company's history.
Ultragas to contest $21 million Vicu'a fine Brazilian environmental authorities have imposed a $21.3 million fine on Sociedad Naviera Ultragas, but reports say the fine, arising from an explosion and resulting bunker spill will be contested.
Russia: Oil export duties on the rise again The Russian government has raised export duty on crude oil and oil products effective August 1.
ARA market quiet but holding firm at noon
Widespread problems still evident with MARPOL VI requirements Bunker trader warns that suppliers still unable to produce a MARPOL Annex VI compliant Bunker Delivery Note, while many owners also remain baffled by legislation.
Approaching typhoon halts Tokyo's bunker activities Bunkering activities at Tokyo Bay have been temporarily discontinued due to an approaching typhoon expected to hit Japan's main island in Tokai region.
St. Croix officials push for project to entice more bunker stops Officials in St. Croix, the US Virgin Islands, are hopeful that a dredging project that could entice the return of voyager-class cruise vessels to lift bunkers at the island will go ahead before the start of the tourist season.
Strong freight revenues cover bunker cost, broker says Poten & Partners have said in a report that strong freight revenues in recent times have helped to cushion the impact of rising bunker costs.
Expected fall in US crude stocks sends oil prices up World crude oil prices rose slightly yesterday as traders anticipated a drop in US crude inventories caused by recent hurricanes assailing Gulf of Mexico production.
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