Poor infrastructure stifling India's growth POOR transportation infrastructure is choking India's ability to tap further into the global supply chain, with the country risking losing out on an additional 1-2 per cent of annual GDP growth unless it moves quickly, according to a new study.
Admiralty Casebook
Days of perpetual certs of competency numbered THE practice of issuing 'perpetual' certificates of competency to the masters of small commercial vessels by the Australian state and territory governments may end sooner than expected following a damning report into yet another collision between an ocean-going vessel and a fishing vessel earlier this year.
Poor infrastructure stifling India's growth POOR transportation infrastructure is choking India's ability to tap further into the global supply chain, with the country risking losing out on an additional 1-2 per cent of annual GDP growth unless it moves quickly, according to a new study.
Admiralty Casebook
Days of perpetual certs of competency numbered THE practice of issuing 'perpetual' certificates of competency to the masters of small commercial vessels by the Australian state and territory governments may end sooner than expected following a damning report into yet another collision between an ocean-going vessel and a fishing vessel earlier this year.
Genmar looks to secure future with $800m credit facility A NEW $800m revolving credit facility is to underpin General Maritime's future efforts to provide 'long term shareholder value'.
Standard P&I Club says one premium size does not fit all STANDARD P&I Club is to adopt a novel two-tier approach to shipowner renewals.
Sembcorp's Lua critical after fall SEMBCORP Marine chairman and Singapore shipping industry veteran Lua Cheng Eng is in intensive care in a Beijing hospital following a fall.
Russian Navy wins Tsavliris tug-of-war One of the world's most powerful salvage tugs, Nikolay Chiker, appears to be headed out of the commercial salvage market, it has emerged.
New storm to strike Central America TROPICAL Storm Beta formed today in the western Caribbean Sea and is likely to hit Central America as a hurricane by the weekend
Good tax prospects for German owners DESPITE growing controversy over the German tonnage tax regime in the run-up the country's elections, German owners have faith in the future of the beneficial tax scheme
Phils ferry safety improving PHILIPPINES domestic shipping operators have made record improvements in safety standards for their passenger/cargo fleet, according to the Maritime Industry Authority
Tight VL supply/demand ratio forecast INCREASING long-haul trade in crude oil is on the way, but for shipping the effects may be muted by the emergence of short-haul services, a broker's analyst said today
Revenue powers Union Pacific profit The largest U.S. rail operator said earnings rose 83 percent in the third quarter on higher revenues and reduced tax liability.
Earnings: Canadian Pacific | BNSF | CSX | Norfolk Southern
Australian backlog recedes, only to be refreshed Australia's major container ports are seeing an incremental reduction in the import container backlog caused by Customs' new computer system ' but peak-season pre-Christmas shipments are replenishing box numbers daily.
Truckers' survey contradicts PierPass review of OffPeak scheme Truckers in southern California have a lower opinion of the OffPeak scheme, supposed to encourage containers to move at nights and weekends, than first reported.
Rumoured Russian terminal sale would be sea-change, say observers Reports have linked two northwest Russian terminals to foreign investment, but official sources have gone quiet about a deal which could mark a change of direction in more ways than one.
PN farce continues as Toll resumes Patrick attack
Rotterdam unions set to enter merger talks with Maersk
CSCL inks volume agreement with VPA
EWS strike out on their own across Europe
Korean hauliers expected to accept government proposals
Ulsan and Masan suffer from volume drop
Szczecin-Swinoujscie throughput booms 30%
Strong intermodal propels CPR's Q3 profit growth
CIMC shuts down a Shanghai box manufacturing plant
Russian Rail: Trans-Korean Railway's time has come
Ice class tourism Are Greek shipowners piling into the Arctic tanker trade just ice class tourists or serious players intent on setting up quality long term operations?
CMB escapes rate decline Charter coverage helps Marc Saverys' Bocimar maintain profitable third quarter.
Extra expenses hurt MMM High price of bunkers and extra drydocking costs push Malaysian Merchant Marine to fourth quarter loss.
Bocimar sells bulkers Two panamax newbuildings fetch a stingy $82m in falling market.
Steady as she goes Results at Belgian gas player Exmar tempered by high bunker costs and dry-docking expenses.
U-Ming loses momentum Taiwanese owners' earnings fall in latest quarter to drag nine-month result below 2004.
Hamworthy nets LNG deals UK-listed firm to supply reliquefaction plants for Qatar gas carriers building at Hyundai Heavy Industries.
No retreat on dividend Georgiopoulos says use of cash for share buybacks and debt paydown does not reflect 'abandoning' of high-dividend strategy.
Handy deal for Pacific Basin Hong Kong owner frees funds by selling five handysizes and chartering them back into the fleet.
Kirby comes out stronger US oil barge giant increases earnings despite hurricane season disrupting US Gulf business.
Petridis and Bolin sell into Aries US-listed operator buys tanker from sponsors' private operation.
Mercator profit depreciates Indian tanker and bulker owner's second quarter earnings held back by asset devaluation.
Wan Hai takes a dip Taiwanese boxship owner sees profit slip in first nine months, despite revenue growth.
Wilh Wilhelmsen on track Profits dip in latest quarter from Unitor purchase but company bullish about full-year result.
Doubling up Sincere Navigation turns in another good set of figures.
Active Aker Yards hikes earnings Norwegian shipbuilding group boosts nine-month profit as orderbook swells to NOK 35bn.
Lua hospitalised Ex-NOL veteran seriously ill in Beijing hospital after a fall during a business trip to the Chinese capital.
SCI seals VLCC deal Daewoo confirms long-rumoured order for two big tankers for Indian state shipping company.
Great Eastern rises by 6% Though gain on bulker ship sale accounts for profit increase.
Arlington profits slide Reduced operating expenses at Stena tanker spin-off fail to compensate for weak third quarter rates.
Katrina and Rita clobber ISC Hurricanes take their toll on New Orleans bulker and liner operator pushing it to a third quarter loss.
Chong lifts Vita stake Former Links Island founder edges closer to 10% stake in Singapore owner and property group.
Eagle gets Nordsund US-listed handymax player takes delivery of first of two supramax bulkers acquired from Norden.
Record order backlog at Aker Kvaerner The order backlog at Aker Kvaerner was a record NOK 46.4 billion (EUR 5.94 billion) at the end of September ...
Labour disputes cut Finnlines-result Finnlines' revenues during the first nine months of the year totalled EUR 538.4 million, which is four per cent higher ...
Big investment to move fast ferry project In order to get the planned fast ferry project between the Norwegian Port of Drammen and the French Port of ...
Cruise ship season ends for Vancouver suppliers The boost to bunkering from cruise ships is ending this week but suppliers look to stay busy as winter approaches.
Bahamas bunkering resumption uncertain Terminal damage keeping bunkering in Freeport shut down again today but with no impact on bunker markets elsewhere.
Oronite: Force Majeure intact despite Oak Point restart Lubricant additives supplier says plant is back to full-scale operations, but logistics and raw material supply remain a problem.
Singapore bunker quality dispute fuels speculation of foul play Variable fuel test outcomes has led a Singapore paper to ask some uncomfortable questions.
Tanker fined around $1,000 per litre for oil spill Canadian court orders tanker to pay in the order of $1,000 per litre for estimated 64 litre illegal oil discharge.
Fuel subsidy agreement sees Spanish fishermen end blockade Spanish fishermen have reached an agreement with the government that will see an end to their blockade of major Spanish ports.
Rotterdam softer with crude
Singapore: Gains in stocks of residual fuels and distillates
Strong growth in New York, but investment needed Senior Chemoil official says growth in New York has been strong, but remains cautious due to restricted infrastructure.
Survey: High bunker cost may trim Evergreen's Q3 profits Evergreen Marine Corp may report a fall in its quarterly profit as reduced shipments and higher bunker fuel prices slowed Taiwan's export growth.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
