Transpacific carriers impose higher peak season surcharges TRANSPACIFIC container carriers including Neptune Orient Lines' APL will impose higher peak season surcharges from next week on the world's largest tradelane from Asia to the US, in anticipation that high demand will lead to delays and other added costs.
Shanghai Port Container shares surge SHARES of Shanghai Port Container Co surged by their daily limit of 10 per cent after the company's majority owner, Shanghai International Port Co, operator of China's busiest container harbour, said it would buy the remainder of the unit to speed its expansion.
Orders for new vessels may weaken in '08: Korea group HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, and other dockyards may expect orders for new vessels to decline in 2008 as demand to replace old ships slows down and the risk of a capacity glut heightens, an industry group said.
Metro Pacific in talks to sell Negros Navigation
S'pore's big splash
Strait Talk
A 'smart move' by Barbados registry IF YOU visit the website of the International Association of Classification Societies , you will read the following: 'Dedicated to safe ships and clean seas, IACS makes a unique contribution to maritime safety and regulation through technical support, compliance verification, and research and development.
Transpacific carriers impose higher peak season surcharges TRANSPACIFIC container carriers including Neptune Orient Lines' APL will impose higher peak season surcharges from next week on the world's largest tradelane from Asia to the US, in anticipation that high demand will lead to delays and other added costs.
Shanghai Port Container shares surge SHARES of Shanghai Port Container Co surged by their daily limit of 10 per cent after the company's majority owner, Shanghai International Port Co, operator of China's busiest container harbour, said it would buy the remainder of the unit to speed its expansion.
Orders for new vessels may weaken in '08: Korea group HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, and other dockyards may expect orders for new vessels to decline in 2008 as demand to replace old ships slows down and the risk of a capacity glut heightens, an industry group said.
Metro Pacific in talks to sell Negros Navigation
S'pore's big splash
Strait Talk
A 'smart move' by Barbados registry IF YOU visit the website of the International Association of Classification Societies , you will read the following: 'Dedicated to safe ships and clean seas, IACS makes a unique contribution to maritime safety and regulation through technical support, compliance verification, and research and development.
Maritime leaders embark on pollution directive challenge A BROAD maritime coalition of the industry's leading bodies is set to appear in the London High Court today in a bid to fight the controversial European Union directive on criminal sanctions for ship source pollution.
Product tanker joint venture links Restis with MISC affiliate GREEK shipping group Restis has clinched a prestigious shipowning and operating joint venture for product tankers with AET, the tanker affiliate of Malaysia International Shipping Corp.
Al Salam owner pays out $57m THE owner of the Al Salam Boccaccio 98 Red Sea ferry has transferred E£330m ($57m) into a compensation fund for victims run by a state prosecutor, Reuters reports.
NOL eyes 8,000 teu ships and terminal investments SINGAPORE'S Neptune Orient Lines is ready to order super post-panamax containerships, buy terminals, invest in inland transport and even consider acquisitions.
Smit co-ordinates Seraya salvage A team from Smit Salvage has arrived at the wreck of the bulk carrier Ocean Seraya, which ran aground off the west coast of India a week ago during heavy weather
Al Salam trial adjourned to July A court in the Egyptian Red Sea port of Safaga has adjourned until 3 July the trial of the six officials charged with negligence for the loss of the ferry Al Salam Boccaccio 98
NCL is latest norovirus victim INCIDENTS of cruise-ship gastrointestinal illness continue unabated, with three separate Norwegian Cruise Line vessels stricken during the past month alone
Posidonia: safety failings HALF of the training providers surveyed by DNV "are not up to standard", claimed DNV's president and chief executive Henrik Madsen today
DryShips costs take toll DRYSHIPS, operator of Panamax and Capesize tonnage, saw first quarter revenue nearly doubled, but higher-than-expected costs and lower TCE rates lowered profits
Failed Handy deal behind yard transfer A controversial $15.8M newbuilding project was behind a decision by the Pakistan government to transfer the old Karachi Shipyard to the defence ministry
NOL says it's in the business for the long haul David Lim, CEO at NOL, has what he believes is a long-term sustainable growth strategy for APL which at the same time will deliver the best service to his customers.
Swiss rail alternative offered after transalpine road link broken Swiss intermodal specialist Hupac is organising extra transalpine services for up to 1,000 transport units daily, following closure of the Gotthard motorway's north ramp due to rock-falls last week.
DPW and HPH give cool reaction to Jakarta's share buy-back plans
APMT to double Pipavav box capacity, and expand on East Coast
India calls for West Bengal port project consultant
Shanghai International Port Group unveils privatisation plan
Help wanted? George Economou's DryShips may need a hand from its lenders if it is to continue paying dividends to shareholders, suggests analyst Cantor Fitzgerald.
Wilh Wilh takes two Norwegian owner extends car carrier series at Mitsubishi Heavy Industries.
Egypt ferry owner pays up Absconded owner of 11,800-gt Al Salam Boccaccio 98 pays $57m to compensation fund as trial opens.
Golden growth Fast-growing Golden Ocean declares option for third ice-class panamax from Chinese yard Jiangsu Rong Sheng.
ITF slams BC witchhunt Union says Canadian owner flouting legal norms over sack threat in Queen of the North sinking probe.
FEFC to hike rates Top container lines in the Asia to Europe trade capitalise on full ships by charging an extra $250 for a twenty foot box.
Atlantska on the slide First quarter profit takes a hammering at Croatian bulker owner as costs rise.
Norasia in court setback Legal battle over alleged container line fraud gets underway begins in London.
Li leaves CSG Chinese shipping giant's president Li Kelin (right) hands over power to Li Shaode (left) after nine years in top job.
Ireland, UK link up Increased demand leads to new daily services across the Irish Sea with start-up this summer.
Riga in reverse Latvian shipyard falls into the red in first quarter as revenues plunge.
GE irons out spin-off wrinkle Indian owner's big client ONGC says it will not stand in the way of offshore operations de-merger.
Acergy takes on newbuilding Former Stolt Offshore seals long-term charter for new heavy construction ship from Dofcon.
Blue Lady breaks for shore Much-maligned former liner given green light to enter Indian waters with closer inspections set to settle fate.
Costs hurt DryShips George Economou's bulker outfit sees first quarter revenues nearly double, but profits fall.
You heard it here first The Cheng - Kollakis - Fulford-Smith tanker panel predicts $150,000 per day for VLCCs this winter while Peter G and Tor Olav take it easy.
Egypt ferry trial begins Owner of ill-fated 11,800-gt Al Salam Boccaccio still at large as trial of six men begins in Safaga.
Macquarie joins Scandlines bid Australian bank reported to be the latest bidder for German-Danish ro-ro owner.
Minimal cleanup at Goa A seaman is still missing from the broken-up Ocean Seraya, but managers say pollution is less than previously believed.
Skipper to blame Ship's master takes the rap for grounding of Pacific Basin's Cape Flattery off Honolulu last year.
FAMM's demise refuted Supplier providing clarification to market rumours.
Rail company charged over bunker spill Canada's CN rail to appear in court over fuel train derailment in Alberta last year.
Canada looks to California for emissions controls BC pondering cold ironing as a means to reduce ship pollution, especially from cruise ships.
Salalah: STS transfer operations suspended for monsoon season Annual suspension of STS operations at anchorage announced.
Antwerp refinery fire upsets loading operations Loading operations halted for several hours today at Total's Antwerp refinery, impact still assessed.
BP: Ceyhan Marine terminal exports first Azeri crude cargo Turkish bunker suppliers waiting to consider reinvesting in Ceyhan bunker operations as new crude oil pipeline and export terminal gather momentum and tanker traffic.
Bunker spill possibly exaggerated but still a threat Mixed reports emerge about seriousness of bunker spill from split-in-two cargo ship.
Rotterdam firm after holiday
DNVPS looks beyond the laboratory Managing Director Per Holmvang explaining the rationale behind DNVPS' latest push to improve bunkering strategies far beyond the firm's traditional realm.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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