Concrete action most needed in region's war on piracy: analyst THE three littoral states bordering the Malacca and Singapore straits have to do more in enhancing maritime security, according to a Singapore-based security analyst who said that the 'eyes-in-the-sky' initiative was useful only to a point.
US Senate sparks probe into cruise line deal THE Senate unanimously passed a measure on Friday that would require an investigation into the controversial US$236 million deal to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina.
CIMC posts 29% dip in Q3 profit to 599m yuan CHINA's CIMC, the world's top maker of shipping containers, posted on Saturday a 29 per cent dive in quarterly earnings, as rising steel costs took the edge off strong sales.
Eagle Bulk follow-up offer still fails to excite Wall Street bulls THE glass remains half full in shipping initial public offerings, with Eagle Bulk's follow-on offering undergoing a 15% cut.
Lacklustre listing for Lloyd Fonds Germany's KG financier Lloyd Fonds continued the series of rather unsuccessful shipping-related IPOs.
Transmed denies Chinese capesize sale TRANSMED Shipping, the Athens-based dry bulk operator, has denied that there is a deal in place to sell the third and fourth ships in its lengthy capesize newbuilding programme in China.
Broström's Simonsson dismisses fears of ice-class rates meltdown ICE tanker specialist Broström's boss Lennart Simonsson is "not concerned" by fears that a deluge of ice-class newbuild deliveries will bring a rates meltdown.
Beta targets Nicaragua TROPICAL storm Beta looks set to strengthen into a hurricane later today as it heads towards the Caribbean coast of Nicaragua, according to the latest advisory by the National Hurricane Centre (NHS)
Arbitrator rejects EC banana proposal THE arbitrator has rejected the latest European submission to impose a euro187 ($227) per tonne tariff for bananas imported from most favoured nation suppliers
Clarkson plays down broker spat PHILLIPE Van Den Abeele, managing director of Clarkson Securities, has stressed that there is no feud between his organisation and FFA specialist Imarex
Resale deals cut into Essar earnings NET profits at India's Essar Shipping for its July-September quarter have fallen dramatically because of the sale of five of its tankers
GE Shipping: Small profit and de-merger OK GE Shipping, India's largest private shipping company, has posted a small profit increase for the July-September quarter, and is formalising the de-merger of its offshore arm
NOL plans investment in India's port/rail SINGAPORE'S NOL group has drawn up major investment plans in India's port and rail transport sectors
Carriers rebut claims of looming supply/demand imbalance Shipping lines are furious at reports from a banker, that rates could collapse by up to 64.8% next year, calling the claims 'rubbish' and saying the analysis was ill-conceived.
Maersk's post-PONL ANZ services take shape AP Moller-Maersk's takeover of P&O Nedlloyd will see major changes to the way services operate between Australia, New Zealand, North America and Europe.
Eyebrows raised by RPA director conflict of interests
Strong demand forces extra loader on Atlantic service
Trans-Tasman gap finally filled
Colombo CSI spreads responsibility right through supply chain
India must improve transport links to connect to GDP growth
All time high for Scandlines In its delayed annual report for 2004, Scandlines reports a DKK 558 million profit after tax on a DKK 3.7 ...
Good times for Broström The third quarter was significantly better for the G'teborg based tanker operator Broström this year compared to last year. For ...
Aker Yards has order backlog of 108 vessels Aker Yard had 108 vessels worth NOK 35.5 billion (EUR 4.55 billion) on order at the group's 13 yards at ...
PDVSA Deltaven resumes Freeport barge bunkering Venezuelan supplier announcing a return to supply operations in the Bahamas following hurricane Wilma.
Outlook uncertain for 1.5% bunker fuel availability Refiners predicting availability shortfall and $60 price premium as low-sulphur restrictions are mooted in North America.
MMM records Q4 loss, full year profits down Bunker prices largely to blame for disappointing results.
St. Petersburg bunker bonanza over? On the surface it looks like below $200 fuel oil is already history.
MPA introduces SMS applications for STS bunker operations Singapore's Maritime and Port Authority says updated regulations will help expedite STS approvals.
Vopak announces continued 2005 profit gains Global terminal giant saw Q3 results positively influenced by hurricane disruptions to US oil industry.
Additives: Lubrizol posts strong Q3 and 9 month results Lubricant and fuel additives manufacturer Lubrizol suffered less from hurricane Rita than competitor, benefiting the firm.
Rotterdam, Antwerp markets a little up with crude
Hong Kong: 180 cst market tight, suppliers cautious Suppliers not keen to offer 180 cst as supplies begin to run low.
Cold winter forecast drives up oil prices Oil prices rose on Thursday following forecasts of cold winter in the US Northeast.
ExxonMobil, Shell record new record profits As news of new scale of oil major profits filters through political corridors, US Congress Republicans call for new controls on cash-flush oil companies.
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