Global shipping rates set to fall as capacity rises: S Korea GLOBAL rates to move cargo by containers may decline for a second year in 2007 as capacity growth from vessels under construction will outstrip demand, South Korea's Ministry of Maritime Affairs and Fisheries said.
Asian shippers hail changes in maritime rules ASIAN cargo owners are looking at recent regulatory victories as the turning of the tide, as they continue to press for what they say is a more equal footing with container shipping lines.
Typhoon Durian heads for Vietnam, thousands evacuate THOUSANDS evacuated their homes and ships were called in to shore as Typhoon Durian approached Vietnam's coast yesterday, but forecasters predicted it would make landfall as a tropical storm.
Virus sickens 400 on cruise ship
Port Shots
Port Shots JOHOR Port Authority will play a major role in ensuring that ports in Johor are able and equipped to compete with increasing competition internationally, chairman Abdul Halim Suleiman said.
Global shipping rates set to fall as capacity rises: S Korea GLOBAL rates to move cargo by containers may decline for a second year in 2007 as capacity growth from vessels under construction will outstrip demand, South Korea's Ministry of Maritime Affairs and Fisheries said.
Asian shippers hail changes in maritime rules ASIAN cargo owners are looking at recent regulatory victories as the turning of the tide, as they continue to press for what they say is a more equal footing with container shipping lines.
Typhoon Durian heads for Vietnam, thousands evacuate THOUSANDS evacuated their homes and ships were called in to shore as Typhoon Durian approached Vietnam's coast yesterday, but forecasters predicted it would make landfall as a tropical storm.
Virus sickens 400 on cruise ship
Port Shots
Port Shots JOHOR Port Authority will play a major role in ensuring that ports in Johor are able and equipped to compete with increasing competition internationally, chairman Abdul Halim Suleiman said.
Torm shares surge after mystery offer COPENHAGEN shipping group Torm's stock surged more than 16% yesterday on a reappraisal of the value of its business to almost DKr15bn ($2.7bn) as main investor Gabriel Panayotides considers a mystery offer for his holding.
DVB Bank puts the brakes on transport infrastructure Germany's DVB Bank is withdrawing from transport infrastructure financing in the face of "constantly growing transaction sizes."
Lloyd's Register makes offer to buy minority stake in GL Lloyd's Register has offered to buy a minority stake in Germanischer Lloyd, the German classification society currently targeted in a hostile takeover bid by Bureau Veritas.
German owners under pressure HAMBURG 04 December ' Government and trade union representatives in Germany have threatened to walk away from the country's national maritime pact unless German ship owners reverse the recent trend to leave the domestic register
Wärtsilä opens Mumbai training academy WARTSILA Corp, the Finland-based ship propulsion specialist, opened a new Land and Sea Academy in Mumbai, India's financial capital, today
Polar discoverer sues for damages A WHISTLEBLOWER who reported a high seas oil spill aboard a ConocoPhillips-owned tanker is demanding a broad range of payments in a lawsuit filed in a US district court
Delhi to reimburse pension fund INDIA'S government is to reimburse the Seamen Provident Fund with the Rs928M ($20M) that was lost in a securities scam in 2002
Chavez wins re-election in Venezuela HUGO Chavez has won the mandate to remain as president of Venezuela for a further six years
RN to boost anti-smuggling work THE UK's Royal Navy is reinstating, from next year, a year-round Caribbean patrol, which will comprise a frigate or destroyer and support vessel
Oceania VSA upgrades Australia services Trio of carriers plan to streamline their vessel schedule this month in the West Coast North America to Australia/New Zealand trade.
Maersk, Teekay pool tankers
Seoul: Rates likely to fall
Oberstar sees box fee to fund port security
Trade hits China export rule
Horizon Lines and Maersk extend agreements
Trailer Bridge opens on Nasdaq Global Market
Raymond: Industry should work together on box security
Gun battle and blockades close down Bangladesh's transport system again Three people have been killed and 50 wounded during an hour long gun battle fought by political rivals as violence erupted following the fourth transport blockade in as many weeks, writes Reuters.
Apres Moi, Le Deluge Karl Marx believed that "history always repeated itself, the first time as tragedy the second time as farce". Container shipping must not allow this nineteenth century truism to be reapplied to today's business. In the first ever ciblog carrier's representative Chris Bourne reproduces a part of the speech he made today to the International Chamber of Commerce telling industry that sensible people won't allow the farce to happen.
Seoul takes measures to free cargo flow as truckers' maintain industrial action
Taiwan's Taipei Port opening postponed due to highway construction delays
Minister warns of economic consequences of failure to fund essential port dredging
Busan to scrap container tax
Vancouver puts tough new container trucker licence regulations in place
New legal framework fails to lift Indonesian carriers' market share in both domestic and international trades
South Korean think-tank forecasts 4.2% supply-demand gap
New Wärtsilä training centre in India Wärtsilä has opened its fourth Wärtsilä Land & Sea Academy (WLSA) training centre for global coverage of training and competence management ...
Aker Yards could take Navantia to court Aker Yards could take Spanish yard Navantia to court to seek NOK 55 million compensation for cancellation of a contract ...
Blystad orders capesize bulkers Arne Blystad has ordered three 180,000 DWT capesize bulk carriers at the South Korean yard SungDong Heavy Industries, for delivery ...
Boost for marine fuel cell development Wärtsilä-led research consortium receives EU grant to develop renewable fuels technology for ships.
Bunker supplier turns to 'Singapore model' Caribbean supplier looking at CP60 as it moves to update its procedures.
Statoil signs $1.6 billion supply contract Statoil will supply low-sulphur MGO to subsidiary for all vessels and installations working on the Norwegian continental shelf.
Aegean poised for IPO and management changes Aegean's revived New York IPO hopes to raise close to $150 million, President and CEO to step down upon completion.
Double move for Bominflot New premises for Greek and Scandinavian offices.
Quiet start to the week in Rotterdam barge market
US ship manager lowers bunker surcharge Lower bunker fuel surcharge was 'due to a substantial decrease of oil'.
OPEC members split on decision to cut output Some members concerned over high inventories, others say oil price remains strong.
Hong Kong Shipowners Association wants 'clean fuel' HKSOA maintains supports for switch to distillates and challenges two other Asian shipowners associations for disagreeing.
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