New maritime labour convention a model for fair globalisation WHEN the International Labour Organisation adopted 'Bill of rights' for the world's maritime workers this February, all concerned - governments, seafarers and shipowners - hailed this new labour standard as a landmark development for the world's most globalised sector.
S Korean shipyards seen raising prices to tackle rising won HYUNDAI Heavy Industries Co, the world's largest shipbuilder, and South Korean shipyards may raise prices as the increasing value of the Korean won cuts profit on vessels built for export, shipbroker Clarkson plc said.
Asia oil-product tanker rates rise for third week THE cost of shipping petrol, jet fuel and other so-called clean petroleum products rose in Asia for a third week because of demand from Japan.
Sea Containers teeters on total collapse DEBT-laden ferries and container leasing group Sea Containers may not survive its current financial crisis, an independent audit is expected to tell shareholders. Sea Containers issued the grim warning yesterday as it delayed filing its 2005 accounts for the second time.
GO carriers rejects Globus approach GLOBAL Oceanic Carriers is urging shareholders to repel a boarding party from George Fidakis' Globus Shipping, which is attempting to oust the dry bulk shipping company's board of directors.
PIL sets out prospectus for shipping trust PACIFIC International Lines' groundbreaking Singapore Exchange-listed shipping trust will own eight containerships and have rights for 13 more newbuildings.
Pacific Basin in minibulker move Handy specialist Pacific Basin Shipping is moving into the mini-bulk sector after signing a contract to acquire six 6,600 dwt minibulkers from a shipyard in northern China.
LA-Long Beach hit by trucker strike Hundreds of harbor truck drivers refused to report to work Monday, bringing gate activities at the Port of LA-Long Beach almost to a halt.
Shippers to be held responsible for box security, says FMC chief
JICT's workers call for higher income, stake ownership After a 10-minute May Day stoppage, Jakarta International Container Terminal's labour have asked management to increase salary standards by 30% and offer a stake in the terminal's ownership.
Knightsbridge tumbles VLCC owner's stock dives 6% after downgrade by Jefferies analyst today.
IPO A-OK for TBS CFO $2m bonus makes finance chief Ferdinand Lepere top earner for public tweendecker company in 2005.
SeaCon fights for its life Auditors expected to raise doubts about ferry company's ability to remain solvent.
New spill mystery JR Ship Management has shouldered cleanup costs for small spill in Delaware Bay as its Bermuda Islander undergoes oil-matching tests.
Tanker refloated Ernst Jacob panamax successfully pulled free without spilling cargo.
Jefferies downgrades New research chief drops 'buy' recommendations on half its tanker portfolio as spot-heavy operators set to suffer.
Double-whammy for Wan Hai Taiwanese boxship operator sees profits fall again, just days after S&P downgrade.
Somalian hijackers strike again A break in the number of attacks off the East African coast fails to hold, as Kenyan authorities report a fresh raid.
Seattle the exception to quiet US markets May Day closures in key markets keeping buyers away today, and frustration on the West Coast over price levels.
Trucking strikes leaves port operations unaffected Long Beach and Los Angeles could be clearing cargo backlog as early as tonight, bunker suppliers reporting business as usual.
Japan: March bunker sales up 25.7% on year Bunker fuel sales to ocean-going vessels up both on year and on month.
Shipping lines raise bunker fuel surcharge The 15-member Far Eastern Freight Conference will raise bunker fuel surcharge come June this year.
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