Berlian Laju Tankers eyes thriving offshore sector FRESH from its dual listing in Singapore, Indonesian-based Berlian Laju Tankers is eyeing the buoyant offshore sector with the aim of growing its nascent FPSO chartering business to make up 10 per cent of revenue within three years, as it pursues a multi-pronged growth strategy.
Cosco sees better rates, strong demand CHINA Cosco Holdings Co Ltd, an arm of China's top shipping conglomerate, expects a sustained recovery in global container freight rates and foresees demand staying strong in 2007, despite fears of a capacity glut.
Admiralty Casebook
Solas changes in the offing after ship fire THE UK Department of Transport last week published its full and final report into the fire onboard the cruise ship Star Princess after a seven-month investigation.
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, yesterday reported a 21 per cent increase in third-quarter net profit, boosted by a gain in new orders.
Berlian Laju Tankers eyes thriving offshore sector FRESH from its dual listing in Singapore, Indonesian-based Berlian Laju Tankers is eyeing the buoyant offshore sector with the aim of growing its nascent FPSO chartering business to make up 10 per cent of revenue within three years, as it pursues a multi-pronged growth strategy.
Cosco sees better rates, strong demand CHINA Cosco Holdings Co Ltd, an arm of China's top shipping conglomerate, expects a sustained recovery in global container freight rates and foresees demand staying strong in 2007, despite fears of a capacity glut.
Admiralty Casebook
Solas changes in the offing after ship fire THE UK Department of Transport last week published its full and final report into the fire onboard the cruise ship Star Princess after a seven-month investigation.
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, yesterday reported a 21 per cent increase in third-quarter net profit, boosted by a gain in new orders.
Berlian Laju Tankers eyes thriving offshore sector FRESH from its dual listing in Singapore, Indonesian-based Berlian Laju Tankers is eyeing the buoyant offshore sector with the aim of growing its nascent FPSO chartering business to make up 10 per cent of revenue within three years, as it pursues a multi-pronged growth strategy.
Cosco sees better rates, strong demand CHINA Cosco Holdings Co Ltd, an arm of China's top shipping conglomerate, expects a sustained recovery in global container freight rates and foresees demand staying strong in 2007, despite fears of a capacity glut.
Admiralty Casebook
Solas changes in the offing after ship fire THE UK Department of Transport last week published its full and final report into the fire onboard the cruise ship Star Princess after a seven-month investigation.
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, yesterday reported a 21 per cent increase in third-quarter net profit, boosted by a gain in new orders.
Industry bulls see Chinese demand as market saviour BUOYANT prospects for the bulk and container shipping markets, especially in China, were laid out by a raft of speakers at the World Shipping (China) summit yesterday.
Co-operation is key among global players, says Ladyman CALLS for greater co-operation among players in the global shipping industry, support for seafarers and the development of a global navigation system were made yesterday by Britain's transport minister Dr Stephen Ladyman, writes Keith Wallis in Shenzen.
BP puts green policies first BRITISH tanker giant BP Shipping, in a radical move to tackle its "huge" emissions impact on the environment, is to put "green" chartering at the heart of its operations.
Suez Energy on course with Florida LNG plans Suez Energy's North American unit has received a preliminary green light from the US Coast Guard on its application to build a liquefied natural gas deepwater port in Florida, Reuters reports.
EC warns liner conferences BENALMADENA 02 November ' Liner conferences face serious penalties if they ignore a new European Commission regulation banning traditional price-fixing agreements as being anti-competitive, warns competition expert Jorge Santiago Neves
Spot tankers fuel Teekay TEEKAY Shipping nearly doubled earnings in its third quarter, with revenues driven by its spot tanker segment
Brazilians angry over rate increase SHIPPERS in Brazil vented their fury this week at the $200 per teu rate increase imposed by four shipping lines on services between Brazil, the US, Asia and Europe
OSG rates rise on trading shift OVERSEAS Shipholding Group's earnings rose 26% on higher rates as shifting trading patterns from Venezuela and West Africa hiked tonne-mile demand
U.S. ports escape peak congestion Nation's retailers say port, rail and trucking industries made it through the busiest period of the year without any significant box congestion.
UPDATED: Net effect of NOL's rate slump and rising costs is crash in profits Neptune Orient Lines reported a 53% year-on-year slump in its third quarter net earnings today, as the rate and cost squeeze continues to put pressure on carriers' income.
Crewman presumed dead as Swedish ship sinks in Baltic storm Swedish rescuers have called off the search for the last missing crewmember of the 431 teu ro-ro Finnbirch, which sank in the Baltic Sea off the Swedish coast last night.
Jakarta promises incentives to Lamong Bay investors
COSCO confident it can win Greek port open tender says Capt Wei
Kerala takes action to keep cargo flowing in face of trucker intransigence
Chittagong Port chairman disputes port's place in piracy rankings
Paranagua dredging dispute sees dredgers accuse port authority
Carriers say rate recovery will persist in 2007
Virginia Ports Authority set to unveil new executive director
Breakdowns hit Australian trades as volumes hit seasonal highs
Seaspan raises $200m Container line prices 10m shares at $21.50 to fund contracted newbuildings.
Maritrans deal near Florida company can retire this logo later in month if shareholders vote goes as expected.
$37m That is the amount OSG has now set aside to settle its waste-oil probe with US, dwarfing previous record payment of $25m by Evergreen.
Three more from STX OSG is taking trio of Korean products newbuilds from Greek owner Capital Maritime on 10-year bareboats for 2008 delivery.
Sovcomflot to quit Moscow Russian tanker owner plans to get close to the sea with new Venice of the North headquarters.
Faint praise for OSG Tanker owner's third quarter profit soars but not as much as market had expected.
Kodja Bahari in cry for help Indonesian yard begs government to help find finance to build eight tankers.
GulfMark makes record profit US offshore ship player posts best ever nine-month result as boom year continues.
NOL worse by half Profits down 51% in first nine months for Singapore containership operator as freight rates fall and bunker prices rise.
Rigs jack-up SembCorp Five-fold increase in rig building turnover pushes Singapore shipbuilder to one-third increased profits in latest quarter.
Stowaway 'drowns' in NJ Three captured in Port Elizabeth, fourth feared drowned in desperate escape bid.
Pinky not so perky Bharati-owned shipyard told to stop work on new yard in environmentally sensitive Goan village.
Jinhui back in Japan Acquisition-hungry bulker owner signs $61m deal for two supramaxes at Japanese yard Tsuneishi.
HHI higher in third quarter Korean shipbuilding giant posts strong profit to September on back of higher ship prices.
Ro-ro sinking claims two Crew member dies in hospital while another presumed dead as search called off after Finnlines-chartered ro-ro sinks off Sweden.
Victoria wins BC upgrade work Canadian yard seals deal to modify vessel replacing tragic Queen of the North ferry.
Forex lifts Teekay LNG Teekay gas carrier spin-off sees 40% jump in third quarter profits on foreign currency gains.
Calling International Rescue UK marine group James Fisher to buy the country's worldwide submarine rescue assets, which it already manages for the Royal Navy.
Wilson misses spot again Third quarter income off target as spot rates weaken though revenues increase on back of vessel purchases.
Genco profits inch up But Georgiopoulos bulker operation sees earnings per share dip compared to a year ago.
Minoan may keep Hellenic stake Greek ferry owner's directors reportedly undecided on sell-off of 33.3% of another big domestic operator.
Teekay doubles its money US-listed tanker owner sees third quarter net profits jump to almost twice those of a year ago.
B+H stumbles Costs of expanded fleet takes its toll on third quarter profits at US-based tanker and OBO owner.
ESL adds China-US link Emirates Shipping line is to take space on ZIM and Italia Marittima's US-Far East service.
Bredford Dolphin back in tow Drilling rig Bredford Dolphin, which broke its tow in hurricane winds in the North Sea Tuesday evening, was back in ...
13 rescued when Finnbirch sank in severe weather conditions The Swedish-flagged ro-ro vessel Finnbirch sank yesterday evening east of K'rehamn off 'land. There were 14 crew members ...
BP to cut ship emissions, vessel speeds Tanker company moving to address environmental impact after 'incredible' air pollution figures.
Montreal gets avails boost Supplier returning to market despite storage tank leak.
Panama offices closed Friday, Monday
Wärtsilä's Q3 pre-tax profits nearly double Wärtsilä says new vessel tonnage is approaching record and that high oil prices favour fuel oil power plants.
NOL sees profits fall as bunker prices continue to bite Group's bunker costs for year to date up $183 million compared to 2005.
Guernsey: Marine fuel taxation a big blow Exemption of diesel from new tax regime not yet certain.
Taiwan's refiner producing less bunker grade material Fuel oil imports continue as CPC works to meet bunker demand.
Rotterdam market remains stable into Thursday morning
Singapore fuel oil inventories jump Flurry of cargo arrivals sees stocks climb from eleven month lows.
BIMCO weighs into MARPOL Annex VI debate Shipping association advocates using distillates in SECAs and ports while allowing continued use of high sulphur bunkers at sea.
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