Malacca Strait piracy-free in Q1 despite 9% rise in global attacks THE Malacca Strait remained piracy-free in the first quarter this year despite an 8.9 per cent rise in global attacks, with Indonesian waters outside the Strait retaining the dubious distinction as the world's most piracy prone.
LA ports to grow amid challenges in 2006: study THE California ports of Los Angeles and Long Beach will continue to boom in 2006, with the number of containers passing through the busiest combined US seaport expected to increase 10 per cent, according to a report.
Hyundai Heavy says not making hostile takeover of Merchant HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, said its purchase of a US$527 million stake in Hyundai Merchant Marine Co is not a hostile takeover.
Shipowners need to spend US$7.5b on tankers before UN ban
QE2 probed over alleged garbage dumping
Alleged Somali pirates freed after US declines to prosecute
Polembros sails into 'green' fury over Alfaship scrapping deal GREEK shipowner Polembros was yesterday forced to defend its decision to send a single-hull tanker to a Bangladeshi breakers' yard after finding itself the next target in the campaign by environmentalists to put an end to what they claim is an illegal trade.
Carriers hope for compromise in US box screening debate SHIPPING industry efforts to prevent US laws mandating screening of all inbound containers at overseas ports before being allowed to sail appear to be alive as two parallel Bills wend their way through Congress.
Arbitration ruling brings breathing space for struggling Sea Containers UNCERTAINTY over the future of container leasing giant GE SeaCo has lifted by an arbitration decision that will disentangle the company from one of its shareholders, writes Janet Porter.
Names look forward to bumper 2006 NAMES at Lloyd's are looking to 2006 as another bumper year.
Vessel sales boost GenMar VESSEL sales boosted first quarter profit at US-based General Maritime Corp, despite the lower revenue generated by its newly-trimmed fleet
Odense yard management changes CHANGES to senior positions have been announced at AP Moller's troubled shipbuilder Odense Steel Shipyard
Migrant Watch: US/Caribbean THIS week's staple report on sea routes used by seaborne migrants, where possible incorporating news or statistics on apparent trends
Migrant Watch: Bahamian smuggler indicted A BAHAMIAN national was indicted yesterday in the death of a migrant he was shuttling from the Bahamas to Florida
Leaking box forces ship back to port US COAST Guard and hazardous materials teams are working in Puerto Rico to remove a leaking container that forced the US-flagged boxship Horizon Producer back into port
Hurricane recovery officials named THE US federal government has appointed 27 officials to co-ordinate recovery efforts as the hurricane season approaches
PD Ports proposes UK mega-port PD Ports has submitted plans to build a 1.5 million-TEU container terminal at Teesport, a center for bulk shipping in northeast England.
W. Wilhelmsen's first-quarter profit up 8.7%
Canada budget hikes funding for security, port development
HMM to raise fund and take over Hyundai Construction Hyundai Merchant Marine will issue 30m new shares on May 15, at a price of W12,000(US$12.85)/share, to raise W360bn(US$385.4m) to take over Hyundai Construction, which owns 8.69% of HMM.
SBB Cargo flexes its muscles on the Germany-Italy axis SBB Cargo is planning a massive expansion of its international intermodal services in door-to-door and single-wagon traffic between Germany, Switzerland and Italy from the end of this month.
Mid-to upper-market gains, but niche deals available
Maersk's troubles get public airing in New Zealand
Virginia increases revenues 11.5%, with any cost-rises fuel-related
Chery starts auto-assembly in Kaliningrad
Toll to de-list SembLog
PAN secures ship for Boomerang II and reveals ambition on Patrick
Teekay beats 'Street' Vancouver shipping giant rides surprisingly strong aframax rates to top analysts' projections.
Solvang strengthens Good activity in gas carrier markets boosts first quarter result for Norwegian owner.
SeaCon, SeaCo: Sort it out! Troubled ferry and container company Sea Containers told to pay up to GE SeaCo or pencil in another date with the arbitrator.
Veder ties up Gasnor charter Duth owner Anthony Veder takes LNG carrier on 15-year time charter from Norwegian gas distribution company Gasnor.
Victory for Blasco Bankrupt Ukrainian line's president is appointed liquidator of the company.
Tidewater buoyant US supply ship giant enjoys better day rates in 2005 to send profit rocketing.
No regrets Peter Georgiopoulos reminds investment analysts that a 2005 cash splash on products tankers would not have looked very smart today.
Brostrom makes cool buck Cold weather warms Brostrom's heart in first quarter but Swedish owner sees rates thawing through the year.
Uglands posts pretty profit December vessel sale helps private Norwegian bulker and tanker owner Uglands Rederi to a massive 102% profit increase in 2005.
Limarko enters UK Lithuanian owner sets up British base to win new reefer business.
The whole nine yards for SembCorp A ninth consecutive quarter of profit gain for SembCorp Marine of Singapore on the back of rig orders and repair contracts.
Cargoship comes to trawler's aid Taiwanese crew rescued from ship in bad weather off Papua New Guinea.
Tourists stay away Irish Ferries' car volumes still falling, while parent group lines up new container terminal in Belfast.
Oil greases Keppel's wheels High oil prices and a healthy world economy keep Keppel Corp of Singapore on the right track in the first quarter.
Malacca piracy free? Asian waterway sees no incidents of piracy in first quarter, says International Maritime Bureau.
WW profits surge 40% Ingar Skau is smiling after expanding volumes help Wilh Wilhelmsen increase its profitability.
Hyundai Mipo builds profit Hyundai Mipo of Korea builds a big profit in the first quarter as orders continue to roll in.
Shih Wei on way down Taiwanese bulker operator struggling with weaker markets in first quarter.
L&T wants another yard Indian company planning to invest more cash in shipbuilding after winning first order this week.
Disposals lift Genmar Profits from sale of nine aframax OBOs helps offset loss of revenue from reduced fleet size.
NOL bucks downturn Singapore liner operator sees a 5% increase in container volumes compared to twelve months ago.
Reefer hits Miami quay Investigation launched into how Panama-flagged ship struck sea wall in Biscayne Bay in US.
29 million passengers to, from or in Sweden The members of the Ferry Operators' Association in Sweden carried last year close to 29 million passengers to or from ...
Broström doubles profit The Swedish tanker operator Broström reports a SEK 310 million (EUR 33.3 million)pre-tax profit on a net turnover ...
Aker Floating Production buys suezmax tankers Aker Floating Production (AFP) is reported to have bought another two 188,000 DWT suezmax tankers for conversion to Floating Productions ...
K-Sea releases quarterly results Barge operator seeing net income and operating revenues up from 2005.
Port signs 'landmark' green lease with shipowner Port of Long Beach and Matson agreeing to emissions reducing measures as part of new lease agreement.
DOE & API at a glance: This week's key US inventory figures
Russian official confirms export duty hike Russian official confirms hike amid news of synchronisation of crude and product duty implementation.
Lack of enforcement clouds cleaner air efforts Doubts raised about just how efficient policing of sulphur limits in marine fuels is going to be.
Rotterdam firm on crude rise
Titan upbeat on 2006 performance despite negative rating Standard & Poor's Ratings Services has revised its 2006 outlook on Titan to negative, but Titan paints a positive picture.
Evergreen posts sharp drop in Q1 profit Higher bunker fuel costs and lower freight rates causes slump in Evergreen Marine's Q1 profit.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
