War-risk rating removal good news for region THE lifting of 'war risk' premiums on insurance policies taken out by shipowners for vessels passing through the Strait of Malacca must come as most welcome news for the littoral states.
Sea-freight prices hit 14-month highs STRONG global economic growth, rising steel prices and no let-up in buying from China pushed raw materials sea-freight prices to 14-month highs on Monday, defying analysts' predictions of a downturn.
Precious Shipping's Q2 profit falls 51% to 768.6m baht PRECIOUS Shipping pcl, Thailand's biggest sea-transportation company by market value, said profit fell 51 per cent in the second quarter as freight revenue declined and it paid more for marine fuel.
Calmer seas soon?
Port Shots
Port Shots OVERSEAS Shipholding Group, the largest US-based oil tanker owner, said second-quarter net income fell to US$60.2 million from US$114.2 million a year earlier.
War-risk rating removal good news for region THE lifting of 'war risk' premiums on insurance policies taken out by shipowners for vessels passing through the Strait of Malacca must come as most welcome news for the littoral states.
Sea-freight prices hit 14-month highs STRONG global economic growth, rising steel prices and no let-up in buying from China pushed raw materials sea-freight prices to 14-month highs on Monday, defying analysts' predictions of a downturn.
Precious Shipping's Q2 profit falls 51% to 768.6m baht PRECIOUS Shipping pcl, Thailand's biggest sea-transportation company by market value, said profit fell 51 per cent in the second quarter as freight revenue declined and it paid more for marine fuel.
Calmer seas soon?
Port Shots
Port Shots OVERSEAS Shipholding Group, the largest US-based oil tanker owner, said second-quarter net income fell to US$60.2 million from US$114.2 million a year earlier.
Insurers drop Malacca Strait as war risk Malaysia and Singapore have won an ill-tempered year-long spat with Lloyd's to declassify the Strait of Malacca as a war risk zone.
Middle East turmoil sends Israel cargo risk premiums awry CARGO markets are in disarray over the Middle East turmoil, with views differing sharply on the extent of the threat to shipments.
UN oil spill team arrives in Syria THE first United Nations pollution experts arrived yesterday in Syria to evaluate the heavy fuel oil spill that started in Lebanon three weeks ago.
Tanker spike looms as BP leak reality sinks in BROKERS and owners were yesterday predicting another tanker spike as the full impact of BP's pipeline leak in Prudhoe Bay began to sink in and the fragility of the market became apparent .
Tankers hit by Mississippi closure LOUISIANA 08 August ' Tankers heading for or departing from an Exxon terminal have been hit hardest by the closure of the Mississippi River to deep draught vessels, although some dry cargo vessels are now being affected
Higher costs halve OSG profits A significant rise in expenses combined with lower rates in certain segments halved Overseas Shipholding Group's 2Q profits
Firemen rush to Lloyd Werft blaze FIRE broke out this afternoon in the cargo hold of the reefer vessel Cala Palma, which is undergoing extension work at Lloyd Werft in Bremerhaven
Malacca strait dropped from risk list LLOYD'S Joint War Committee has dropped the Strait of Malacca as a whole from its war risk list
Caribbean carriers plan rate hike CARIBBEAN carriers are planning a general rate hike next month to cover growing equipment and insurance costs
OSG unveils CNG venture OSG is joining TransCanada Corp in a strategic partnership agreement to bid to become the first operator of a compressed natural gas vessel
Retailers expect peak container traffic to last through October Container traffic now at peak volumes, but despite the unusually heavy demand, new report forecasts only occasional congestion issues.
HMM chases share-sale gains from Geveran Hyundai Merchant Marine has asked former shareholder Geveran Trading to return profits gained from a share sale, in accordance with South Korea's insider trading rules.
Monsoon siltation hits JN Port throughput capacity
UPDATED:One hurdle for ABP deal remains, following EC and Court approvals
CIMC sees profit slump in H1
Puerto Nuevo players call for development decision
US reviews its GSP regime
Bangladesh garment exporters decide on contempt of court suit
Boom times for barge company K-Sea announcing record profit based on expanding fleet.
LA hosts 'green' ships 'Environmentally-advanced mega ships' showcasing environmental features in California.
Aker Yards to build two new bunkering vessels Delivery scheduled in 2008 to French firm that has already taken delivery of three similar vessels.
Greeks hunt bunker spill perpetrator Beaches fouled by two slicks thought to come from a ship, though Lebanese source has not been ruled out.
Imarex July bunker transactions unchanged, value up $113.4 million worth of bunker transactions recorded in July.
More bunker firms join Imarex Oslo-based maritime exchange welcomed four new trading and clearing members in July.
ARA market a little firmer Tuesday morning
Singapore traders deem bunker prices too high Market remains flooded by fuel oil with not enough buying activity.
Bunker costs induce 96% drop in profit for carrier firm South Korea's largest carrier firm posts dismal Q2 profit on rising bunker costs and lower freight rates.
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