Malacca Strait seen stuck with high-risk label THE world's largest tanker industry group expressed 'massive frustration' at the continued war and terror risk rating applied to the Malacca Strait by London insurers, warning of moves afoot that will make the risk designation harder to shake.
TSA raises fuel surcharge CONTAINER shipping lines operating on the transpacific trade lane from Asia to North America, including Singapore's Neptune Orient Line , have announced their first monthly bunker and inland fuel surcharge as they shift from quarterly adjustments.
China Merchants' profit in 2005 rises to record CHINA Merchants Holdings Co, a state-controlled port operator, posted a record profit in 2005 after it handled more cargo because of the nation's expanding trade.
Daewoo Shipbuilding gets 750.5b won tanker orders
China Shipping shelves plan to sell shares in new unit
Nassco and Daewoo sign Jones Act pact GENERAL Dynamics subsidiary Nassco has teamed up with Daewoo in a technology transfer deal under which the San Diego shipyard would use the South Korean company's "detail designs, support services and some material" to build Jones Act ships with US labour.
Shipowner in Natris dispute files for IPO in Singapore PACIFIC King Shipping, the firm at the centre of the Natris ownership dispute in Malaysia, has filed for an initial public offering on the Singapore Exchange with the aim of doubling its fleet, writes Marcus Hand in Singapore.
'Massive blow' for Gibsons as brokers defect THE SHIPBROKER merry-go-round continues with the defection of nine fuel oil and tanker brokers from EA Gibson.
Koch tells Senate that alienating DP World will damage US interests GLOBAL shipowners have sprung to the defence of DP World in Washington, telling a US Senate hearing that the attitude of Congress towards foreign ownership of marine terminals was "myopic".
Venezuela's oil plan stunner VENEZUELA President Hugo Chavez will reportedly offer consuming countries long-term contracts for oil at $50/barrel ' a move that could profoundly alter global oil politics
Three killed in PPL yard mishap THREE workers were killed at PPL Shipyard in Singapore when the boom of a crane collapsed during lifting operations today
Varun to list in Singapore VARUN Shipping has started the process to list its Singapore depository shares in Singapore Exchange Securities Trading
Gas transport in India to rise ASIA is the most important LPG importing region and accounts for around 58% of seaborne trade
Robber gangs are hitting hauliers A WAVE of robberies of consumer goods from trucks on motorways and port terminals in Spain and other European countries has led to a jump in claims against stolen goods
Red Cross sees seafarers home RUSSIAN seafarers abandoned with their ship in Spain should be home by the weekend now that the Spanish Red Cross has agreed to pay for their repatriation
NOL: Volume up, rates flat in March The parent of APL said container volume from Feb. 11 to March 10 increased by 20 percent on-year, and 6 percent year to date.
Business shifted to container lines from breakbulk reefer specialist Fierce competition flowing from the dissolution of the ANZ Alliance has produced an early casualty, with meat exporters shifting business from breakbulk reefer specialist to container lines.
Major fire in JN Port destroys 25 shipping offices A major fire which broke out in the early hours of Sunday at Jawaharlal Nehru Port destroyed an entire floor of a three-storeyed structure housing shipping company offices.
End of Super Galex agreement prompts CMA CGM independent service
Concordia orders no 7 and 8 Göteborg-based Concordia Maritime has ordered an additional two 49,900-DWT P-MAX tankers by Brodosplit shipyard in Croatia, adding ...
Blystad oders four IMO II vessels Norwegian owner Arne Blystad has ordered four 25,000 DWT IMO II product/chemical tankers at Korean yard Deasun Shipbuilding & Engneering ...
EMSA move initiated The European Maritime Safety Agency has initiated its move from Brussels to Lisboa. Ten employees will from March 3rd prepare ...
Venezuela proposes $50 crude President Ch'vez wanting to lock in long-term price to keep Venezuela's heavy crude economical and boost reserves.
Tech company offers 20% fuel savings Houston-based company launching new fuel management solution monitoring vessel speed for optimum fuel efficiency.
Groups call for 1.5% sulphur limit globally Organisations urge IMO to consider drastic cuts in shipping emissions as MARPOL Annex VI review begins.
ExxonMobil launches technical help desk for lubes customers Fast response specialists giving 'reliable answers' to customer problems.
Former FAMM man joins O.W. Bunkers Team expands with trader bringing 15 years of bunker market experience.
UK: Bominflot installed in new office
Lubrizol approves divestment of non-core businesses Divestment will help Lubrizol pay back debt from $2 billion acquisition and see the company focus on its original lubricant additives business.
Rotterdam opens quiet on bullish crude
Kuwait's oil refining capacity set to increase New 615,000 bpd refinery and upgrades will boost the country's oil refining capacity by around 50%.
Japan: February bunker sales down 15.2% Fuel sales to ocean-going vessels decreasing on month and on year.
Poseidon Challenge: Low-sulphur bunkers primary concern INTERTANKO expresses concerns about availability of low-sulphur bunkers, IBIA focuses on quantity assurance.
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