Local logistics companies need strategic alliances LOCAL logistics companies need to rise to the challenge of consolidation in the logistics industry by forming strategic alliances with other players or they run the risk of being nudged out of the competition, warned Trade and Industry Minister Lim Hng Kiang yesterday.
22 Chinese stowaways detained in Seattle TWENTY-two Chinese stowaways, believed to be part of a human smuggling ring, were discovered at the US west coast Port of Seattle last week after spending 15 days in a 40-foot container which originated in Shanghai.
Dalian Port seeks HK$2.2b IPO to expand berths DALIAN Port Co, operator of China's biggest oil terminal, plans to sell shares to Hutchison Whampoa Ltd and three other strategic investors in its initial public offering, said bankers familiar with the plan.
Lacklustre IPO dents Omega's tanker ambition OMEGA Navigation Enterprises, the latest Greek firm to jump on to the initial public offering bandwagon, suffered immediate price setbacks in New York and Singapore after its issue floated at a lower price than was hoped for.
Appeal Court backs North Star ruling AN APPEAL Court judge has called for the a change in the law to oblige shipowners to make full disclosures to insurers when seeking cover.
Box cargo fireball engulfs workers TWO terminal staff were in a critical condition yesterday after being seriously injured when a fireball erupted as one of them opened the door of a 40ft container at a Hong Kong box depot.
Team reveals how it recovered the data from al Salam Boccaccio 98 THE team that recovered the voyage data recorder from the ferry al Salam Boccaccio 98 , which sank with the loss of 1,000 lives in the Red Sea in February, yesterday told how the operation was undertaken, writes David Osler .
Resolution to aid UK wind farms CENTRICA Renewable Energy has chartered MV Resolution for two years to install facilities at two UK offshore wind farms.
Stream in Nigeria LNG project deal STREAM, the joint venture between Spain's Repsol YPF and Gas Natural, has signed a memorandum of understanding with the Nigerian government to develop a major liquefied natural gas project in the West African country.
Poetic justice for magic pipe engineer THE chief engineer of the container ship MSC Elena was sentenced to two months in jail on Friday for his role in orchestrating an oil dumping scheme aboard his vessel
Jamian quits MarAd post JOHN Jamian, acting boss of the US Maritime Administration, has told his staff that he will be leaving the post in less than a month
Golar LNG buys into Australian major JOHN Fredriksen-controlled gas carrier company Golar LNG has agreed to acquire up to 23M shares in Perth, Western Australia-based Liquefied Natural Gas Ltd
Trouble-free peak season expected THE US National Retail Federation is forecasting that the 2006 peak season for container imports will be even less congested than the surprisingly trouble-free 2005 period
Finnlines forecast sends shares sliding SHARES in Finnish liner operator Finnlines dropped today on an announcement by CEO Antti Lagerroos that first quarter and full year profits are unlikely to match 2005
India bows to foreign officer plea INDIA'S Directorate General of Shipping has bowed to pressure from major operators and will allow Indian-flagged ships to employ foreign officers on board their vessels
China logistics seen improving Upgraded logistics and third-party logistics providers making it easier for international shippers to negotiate transport services to and from China.
China revaluation to drive global manufacturing shift: Analyst
Global warming expected to top U.S.-China relations
"The Box That Changed The World" tells containerization story
New C-TPAT rules worry truckers
Elections could boost stricter air-cargo security
CMA CGM unit talking Baltics short-sea buy
Trans-Atlantic lines hold fuel, currency charges unchanged
MacAndrews make move across the harbour at Gdynia as market loosens up MacAndrews/CMA CGM have moved their Gdynia vessel-calls across the harbour to the HPH Gdynia Container Terminal, as the Polish market's commercial feeder alliance also loosens.
Fisherman missing following boxship collision NYK Line's Santa Monica collided with a fishing boat at 04:45am Japanese time today (GMT 7.45pm on Sunday, April 9) near Miyagi Prefecture in Japan.
All-clear for ARG sale opens way for PN rival
MOL engine fire extinguished
Restrictions on Argentine meat exporters hit volumes
Commission cautious over Czech plan to invest in rolling-stock
China Shipping raises China-Europe/Mediterranean rates
Graig newbuild cracked? The first in a long series of open-hatch bulkers under construction in Vietnam is said to have partially sunk upon launch.
Frank chills with O'Reilly Sovcomflot co-operation deal with Chevron may be extended into ice class tanker operations.
NYK ship in collision Search and rescue operation underway after trawler involved in incident capsizes.
Baltic ups buy back London shipping exchange raises share offer as it scrapes into profit.
One dead in Ugland blaze Fire on-board Ugland-managed vessel leaves one dead and another seriously injured.
Nordic in Zacchello joint venture Denmark's Nordic Tankers colours IPO prospects with new products-carrier joint venture with the Zacchello Group.
Union cuts LNG deal? Meba boss Ron Davis is endorsing a BHP terminal project in California in hopes of putting his union members back on the bridge of LNG carriers.
Four missing off Shanghai Collision between Korean containership and Chinese tug leaves four missing off Shanghai.
Golar grabs Ozzie gas stake Shares in Australia's Liquefied Natural Gas Limited (LNGL) give Golar longer LNG reach.
Petrakakos loses appeal London court upholds ruling that fraud proceedings had to be disclosed to war risk underwriters.
Skaugen profit lost in fog Tough weather conditions in the Gulf of Mexico put a cloud over Norwegian shipowner Skaugen's first-quarter profit.
Finnlines profit warning Share price tumbles as tough freight market hits first quarter result.
Hanjin rejigs Korean liner firm is reshuffling two Pacific services to accommodate growth in Chinese volumes.
MOL ship fire extinguished Firefighters succeed in near week-long battle to put out engine room fire on containership.
Cruise season starts without 1.5% agreement Port authorities unable to secure low-sulphur fuel commitment from cruise lines for 2006 summer season.
'Poetic justice' in jail term for magic pipe offence US court handing down jail time for MSC Elena chief engineer after company receives record fine.
Oil markets 'spooked' by reports on US/Iran tensions Oil prices surged after reports that the US is mulling military action against Iran, while supply concerns persist in Iraq/Nigeria.
Indian 380 cst fuel oil on offer Indian refiner has issued a tender to sell monthly cargoes of product said to suit marine fuels market.
IMAREX: Bunker fuel derivative trading shows promising Q1 growth The total nominal value of bunker fuel oil contracts traded in March rose 39% against February.
ARA barge operator launches ninth newbuild Naming ceremony taking place today for the latest new-generation bunker barge to join ARA fleet.
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