China shipbuilders rush to satisfy booming economy CHINA is rushing to build vessels to ship home the huge amounts of commodities its booming economy demands, amid reports it is also constructing military bases to help safeguard its shipments of oil.
S Korean 2004 shipbuilding orders fell HYUNDAI Heavy Industries and other South Korean shipbuilders won orders for 2.6 per cent fewer vessels last year, though orders rose to a record US$30.2 billion as shipmakers focused on higher-value vessels.
Chinese iron ore needs underpin freight rates CHINA's insatiable demand for iron ore should put the brake on falling freight rates in the near future but shipments could peak if Beijing moves to cool the red-hot steel industry.
Oil slumps on renewed OPEC assurances for status quo Bunker fuel prices fail to react immediately to the drop, with no major price movements in the key ports.
New K-Sea barges ready for operation before April Newly-acquired bunker barges ready for operation in the Spring, says company.
Leading 'green' line calls for wider low-sulphur supply Car-carrier company Wallenius Wilhelmsen reveals higher cost of low-sulphur fuel purchases and points out lack of supply to pursue its green shipping policy globally.
Extra fuel protection proves popular Lintec Testing Services claims 'massive response' from shipowners since it launched new service to screen bunkers for chemical contamination not detected by standard testing methods.
Singapore trader's replacement announced
Bunker alert issued for high density fuels DNV Petroleum Services (DNVPS) issued a bunker alert today after having received several samples from Venice with density exceeding the ISO 8217: 1996 specification.
OPEC President: We won't cut oil production "We are very keen about the stability of the prices in the market," says Sheikh Ahmad Fahd al-Sabah.
Canada faces industry revolt on pollution Bill IN AN unprecedented rebellion Canada's shipping industry groups, backed by the national maritime law association and the International Group of P&I Clubs, are striving to have proposed new environmental pro- tection legislation drastically amended or scrapped.
Knutsen order offers lifeline to Izar NORWAY'S Knutsen OAS has placed an order for a 138,000 cu m liquefied natural gas carrier with the Spanish shipbuilder Izar.
Ice crisis forces rethink on Stena training SWEDISH tanker heavyweight Stena Bulk is to concentrate solely on ice-class crew training at its Glasgow-based cadet school as the industry faces a crippling shortage of mariners trained for harsh winter climates.
PT Arpeni IPO to fund aggressive expansion EXPANDING Indonesian shipowner PT Arpeni Pratama Ocean Line plans to raise Rupiah600bn (US$66m) from a stock market listing on the Jakarta Stock Exchange.
Minister removes Yarmouth hurdle UK transport secretary Alastair Darling has approved the use of public funding to support the EastPort outer harbour project at Great Yarmouth
CP ships share price falls TRADING on CP Ships stock opened lower as expected this morning on the New York Stock Exchange on news that the company has lowered its profit projections for 2004
Dover optimistic for this year THE port of Dover is cautiously optimistic about traffic volumes for 2005 with new ships due in service for SeaFrance, Norfolkline and SpeedFerries
Maersk exec: Port box crisis looming Gateways won't be able to handle container growth by 2010 if they don't expand, a top Maersk Sealand executive said.
Box storage abuses add to congestion Shippers, terminals say importers who use marine terminals for free storage of containers are contributing to congestion at major seaports.
DPI set to sign Cochin concession on Monday A number of carriers have shown an interest in the development at Cochin Port on India's south west coast, where Dubai Ports International (DPI) will sign a 30-year concession on Monday.
Criminal charges instigated in Rottergate affair
Lyttelton open to labour disruption after employment deal failure
Statistics justify China-Australia service explosion
CP Ships expects US$70-73million 2004 income, after unusual charges
Intermodal powers CPR freight revenue increase
Clearing of Danube waterway makes slow progress
New York's ExpressRail volumes boosted by Asia trades
Volume and rate increases see Heung-A profits surge
Price-cuts and discounts for new and spot traffic on GB Railfreight
Hamburg 7m TEU success based on China and Baltic
Barrot pushes Eurovignette to increase modal competition
NIS wage agreement The Norwegian Shipowners' Association (NSA) has struck a deal with the unions representing 3,600 members to revise agreements with employees ...
Color Line sees steady passenger numbers Color Line experienced lower passenger numbers on all routes except Oslo to Kiel, where the new "Color Fantasy" began sailings ...
Jetlink Moss-Fredrikshavn from March Jetlink begins sailings from Moss to Frederikshavn with the fast car/passenger ferry HSC "Jetlink Express" with daily departures in ...
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