Shanghai tells lines to move services THE operator of the Shanghai port has started asking shipping lines to move their European services to the city's new facility at Yangshan by December.
Royal Caribbean Q2 profit rises 26% ROYAL Caribbean Cruises Ltd, the world's second-biggest cruise operator, said second-quarter profit climbed 26 per cent, beating analysts' estimates, as travellers spent more on cruises.
Kudos for S'pore maritime security strategy THE head of a new European Commission maritime policy task force praised Singapore's maritime security strategy, particularly its provision of identification transponders to small vessels.
China shipping firm buys US$51m oil tanker
Admiralty Casebook
When a ship's master cannot reject cargo A CLAUSE in a time charterparty that gave the vessel's master the right to refuse to load cargo if he has to make changes to the description of the cargo in the bill of lading did not provide an unqualified right to reject the cargo.
Shanghai tells lines to move services THE operator of the Shanghai port has started asking shipping lines to move their European services to the city's new facility at Yangshan by December.
Royal Caribbean Q2 profit rises 26% ROYAL Caribbean Cruises Ltd, the world's second-biggest cruise operator, said second-quarter profit climbed 26 per cent, beating analysts' estimates, as travellers spent more on cruises.
Kudos for S'pore maritime security strategy THE head of a new European Commission maritime policy task force praised Singapore's maritime security strategy, particularly its provision of identification transponders to small vessels.
China shipping firm buys US$51m oil tanker
Admiralty Casebook
When a ship's master cannot reject cargo A CLAUSE in a time charterparty that gave the vessel's master the right to refuse to load cargo if he has to make changes to the description of the cargo in the bill of lading did not provide an unqualified right to reject the cargo.
Teekay to buy back another $250m shares A fresh $250m share buyback programme has been launched by Teekay Shipping, underlining the financial strength of the world's leading aframax and shuttle tanker operator.
Partners savour Tangguh LNG success Teekay Shipping and K Line have confirmed their success in winning contracts for the BP-led Tangguh liquefied natural gas project in Indonesia, writes Tony Gray.
New-look Genmar hints at fresh ventures GENERAL Maritime has responded to criticism of its commercial strategy by revealing what it says is a reinforced management team and expressing a willingness to consider diversifying into other sectors, including the product transport market.
Italian owners demand military protection from Somalian pirates ITALY's shipowners have called for military protection following two attacks in a week on Italian vessels off the coast of Somalia.
Rescue goes on after 12 die in rig blast RESCUE operations continued yesterday at the scene of India's worst offshore oil incident where 12 oil workers are confirmed dead and six remain missing, writes Martyn Wingrove.
LCH.Clearnet FFA September launch LCH.Clearnet has set September 13th as the start date for clearing services in the wet and dry forward freight agreement market, writes Neville Smith.
Star Reefers ahead in quarter STAR Reefers, the reefer shipping group, almost doubled its net profit to $11.7M in 2Q05 from $6.3M in the same period last year
Great Eastern profits grow by 250% GREAT Eastern Shipping today posted a record 245% growth in net profit to Rs3.53Bn ($80M) for the second quarter of the year
Volumes and profits up at Aboitiz ABOITIZ Transport System Corp posted an increase in profits to PhP330M ($6M) for 2Q05 on the back of growing passage and freight volumes
Iraq to use Iranian ports THE Iraqi government has signed a major accord with Iran that allows Baghdad to use Iranian ports to meet the country's import needs
GenMar slips again GENERAL Maritime, the US-based Aframax and Suezmax operator, has posted falling results for the second quarter in a row
No deal in Vancouver strike talks Mediator adjourns marathon talks; will present non-binding offers to motor carriers, striking drivers in bid to end protest at Canadian port.
Vancouver trucker negotiations enter second day Marathon talks continued today (Thursday) to resolve a long-running container truck strike affecting Vancouver and Fraser River Ports.
Beijing confirms tariff-free policy for Taiwanese fruit imports Beijing will exempt the import tariffs on 15 kinds of fruit from Taiwan starting on August 1, the Chinese Ministry of Commerce (MoC) announced today.
Terminal 6 will boost Kaohsiung's competitiveness
Union brings Jeongil Terminal to a standstill
Asiana launches Inchon/Tokyo service
CP Rail's strong returns maintained on intermodal platform
Rickmers-Linie orders new heavy lift ships
Trenitalia takes controlling stake in TXL
Post-panamax cranes head for Centerm
MOL opens sixth office in Indonesia
Gunsan H1 container throughput declines
Export ban on Sichuan pork a blow to railway industry
Indian oil platform destroyed in fire A severe fire broke out on Wednesday afternoon and caused complete destruction of one of India's biggest oil platforms, situated ...
USEC bunker prices follow crude slightly firmer Bunker prices in New York up in line with rising crude and tightening avails, HSFO cargo reportedly on its way from Venezuela.
Key Fujairah cargo source defers July shipments National Iranian Oil Co. (NIOC) defers export of several HSFO cargoes earmarked for July to August on prolonged refinery maintenance.
Lubricant additive supplier posts record results The Lubrizol Corporation, supplier of additives for a variety of lubricants, has announced a surge in its second quarter, 2005 results despite higher raw material costs.
Asia: Traders unfazed by fuel oil cargo delays Amid weak Chinese buying interest and an already heavily supplied market, traders in Singapore appear unfazed by the delay of fuel oil cargoes from the Middle East.
Royal Caribbean profits increase despite 37% fuel price increase Cruise line records increase in Q2 profits despite surging fuel costs.
Egyptian bunker market seeking up to 5% sulphur fuel oil cargoes EGPC has issued a tender to buy up to 756,000 metric tonnes of high-sulphur fuel oil for the country's bunker market, although sulphur content specified in the tender exceeds MARPOL limits.
ARA market steady and quiet again Thursday morning
Singapore: Fall in stocks of fuel oil and middle distillates
SK Corp lowers August crude runs on weak refining margins South Korea's SK Corp is cutting its planned crude processing rate for August on weak refining margins, but bunker sales are unlikely to be affected.
Pakistan's largest bunker supplier expands services Faisal Marine Oil Services (Pvt) Ltd, the biggest supplier of bunkers in Pakistan, is expanding its product line and services.
PTP plans to attract more shipping lines With its second-phase of development on schedule, Malaysia's Tanjung Pelepas Port (PTP) hopes to attract more shipping lines with its huge industrial park.
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