US shipbuilders pledge to cut navy destroyer cost: sources GENERAL Dynamics Corp and Northrop Grumman Corp have told the US Navy they can pare the cost of each new DD destroyer by US$1 billion by the time the fifth ship is built, two sources familiar with the matter said.
France prepared to take asbestos back FRANCE will take back asbestos from a decommissioned warship heading for an Indian ship-breaking yard if the New Delhi government wants it to, France's ambassador said yesterday.
We were told hours later: Egypt THE presidential spokesman said on Tuesday that the owners of the Red Sea ferry that sank, drowning about 1,000 people, did not inform the government that the ship had sunk for nearly six hours after it went down.
US signals zero tolerance for polluters WASHINGTON has laid down the law to shipowners and operators ' pollute US waters and we'll jail you or run you out of town.
Jones Act resurrection is a 'reality' says OSG THE award of BP timecharters on two product tankers being built in Philadelphia underpins a buoyant Morten Arntzen's boast at the Hellenic/Norwegian-American shipping conference that the resurrection of the Jones Act is a 'reality', and that his company is the catalyst, writes Rajesh Joshi in New York.
ABN Amro strides into FFA market ABN AMRO is entering the $40bn a year Forward Freight Agreement market and has tipped the tanker sector for a punt in 2006.
German KG financiers gaining foothold in India INDIA has become a target for German KG financiers.
Cosco eyeing Greek ports CHINA Ocean Shipping (Group) Company or Cosco has been holding discussions to buy stakes in Piraeus and Thessalonica ports
Seafarer jailed for crew killing A Canary Island seafarer who stabbed another crew member to death 'in self-defence' aboard a ferry has been sentenced to 30 months in jail
Fincantieri closes in on Lloyd Werft ITALIAN shipbuilder Fincantieri says it is about to secure an agreement to acquire a minority stake in German ship repair yard Lloyd Werft in Bremerhaven
US cracks down on waste offenders THE pace of American prosecutions for illegal oily waste discharges is increasing and fines levied against guilty operators will be made harsher
Bid mulled for top airports operator A Spanish construction company is considering a takeover offer for British-based BAA, the world's biggest airports operator.
Suez Canal blocked
WTO rules against EU's biotech crop ban
Expansion boosts Kingston volumes
Fire forces landing for UPS jet
Grimaldi opens U.S.-W.Africa ro-ro
Seaway volume slips
IBM expands supply chain services
MISC joins INTTRA network
Kitty Hawk expands network with Atlanta ground hub
Subdued charter market awaits emergence of Maersk Line Charter-market uncertainty has continued past Chinese New Year, with charterers and brokers focused on how P&O Nedlloyd volumes will be distributed, once Maersk Line becomes integrated with PONL.
Military police put Rio Grande truckers' strike on hold The two-week-old truckers' strike in Rio Grande was halted yesterday ' at least temporarily ' after special military police were called in to restore order.
New IT platforms to boost HK cross-border trade
BALtrans acquires South African forwarder
Tanjung Priok and Koja rail link to expedite cargo
Halifax getting new container distribution centre
Temas Line to run Vietnam and Myanmar services
Seaboard Marine adds Miami to West Coast South America Service
Three operators chosen for Gwangyang's logistic complex
Maersk orders another three product tankers AP Møller company Maersk Tankers has ordered another three 114,500 DWT aframax product tankers from Japanese yard Sasebo for delivery ...
Euroafrica will expand Polish Euroafrica, established by privatisation in 1991 and today the second largest shipping company in Poland, has decided to modernise ...
Port of Göteborg to increase sponsorship in 18th century replica The Port of Göteborg has decided to pour another SEK six million (EUR 650.000) into the adventure of the 18th ...
American bunker prices resist bearish crude Markets in the US slow to react to softer crude prices as light demand keeps prices steady.
US targets 'epidemic' of pollution crimes Justice official promising jail time for offenders and sanctions against companies who deliberately discharge oily water.
DOE & API at a glance: This week's key US inventory data
Lubmarine warns of further lube oil price rises Lube prices will rise in the near future as producers seek to recover increases and balance the delayed impact of last year's substantial hikes in base oil and additive prices.
New appointments at Infineum
UK: Supplier gains additional storage with acquisition Scottish bunker supplier, SBS Logistics Ltd announced this week the acquisition of Seaforth maritime for an undisclosed sum.
Scrubbing costs need to be hedged, argues expert Seawater scrubbing can offer environmental and commercial solutions for the refining and shipping industries, but operators need payment options, claims expert
Rotterdam firm despite crude plunge
Krystallon pledges fast reliable retro-fits for scrubbers New scrubber manufacturer, Krystallon, has said that the company is confident of retro-fitting its sea water scrubbers within normal dry docking periods.
Hong Kong: Demand slows on strong supplies Hong Kong's bunker market has recovered from a tight supply situation last month, boosting strong availability, but demand remains low.
Oil prices slip on easing concerns over Iran Oil prices dropped sharply on easing concerns over Iran's nuclear research programme.
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