MPA to focus R&D on shipping, port, offshore & engineering SINGAPORE will take a 'cluster approach' in pushing research and development in the maritime industry, in line with its development as an international maritime centre.
Swissco plans to expand fleet for offshore work SINGAPORE's Swissco International Ltd said yesterday that by 2008 it plans to more than double its fleet of vessels that support offshore oil and gas exploration and production.
Israel magnate buys 8.7% of Hanjin Shipping ISRAELI shipping magnate Sami Ofer has acquired an 8.7 per cent stake in top South Korean shipper Hanjin Shipping Co from Geveran Trading Co Ltd, raising his total stake to 12 per cent, a local newspaper said yesterday.
JPMorgan cuts share rating for Top Tankers
Admiralty Casebook
Court clears company of blame in tugboat sinking near Japan THE Singapore Court of Appeal has upheld the appeal of the owners of the tugboat Marina Iris that sank with all its crew off Japan's coast more than three years ago, ordering the tug's insurers to pay up with interests and costs.
MPA to focus R&D on shipping, port, offshore & engineering SINGAPORE will take a 'cluster approach' in pushing research and development in the maritime industry, in line with its development as an international maritime centre.
Swissco plans to expand fleet for offshore work SINGAPORE's Swissco International Ltd said yesterday that by 2008 it plans to more than double its fleet of vessels that support offshore oil and gas exploration and production.
Israel magnate buys 8.7% of Hanjin Shipping ISRAELI shipping magnate Sami Ofer has acquired an 8.7 per cent stake in top South Korean shipper Hanjin Shipping Co from Geveran Trading Co Ltd, raising his total stake to 12 per cent, a local newspaper said yesterday.
JPMorgan cuts share rating for Top Tankers
Admiralty Casebook
Court clears company of blame in tugboat sinking near Japan THE Singapore Court of Appeal has upheld the appeal of the owners of the tugboat Marina Iris that sank with all its crew off Japan's coast more than three years ago, ordering the tug's insurers to pay up with interests and costs.
Ofer and Citigroup swoop on Hanjin SHARES in Hanjin Shipping surged 5.6% yesterday following news that both Israeli shipping tycoon Sami Ofer and Citigroup had paid a total of nearly $323m to increase their stakes in South Korea's top shipping company.
Angry lines say EC is 'harping on about past' THE liner shipping industry is expected to harden its tone with the Brussels competition authorities today, accusing European Commission officials of "tedious and unsubstantiated accusations" regarding alleged past collusion.
FT Everard christens green tanker Speciality LEADING British shortsea tanker operator FT Everard & Sons has christened the first of its four long-awaited state-of-the-art double hull product tanker newbuildings, writes Julian Bray.
Giant Step death toll rises to six FOUR more bodies from Mitsui OSK Lines' 1985-built 197,060 dwt ore carrier Giant Step, which grounded and broke up a week ago, have been found, taking the confirmed death toll to six, writes Keith Wallis in Hong Kong.
SMIT to sell interest in SmitWijs Towage DUTCH maritime firm SMIT has announced that it will sell its 50% interest in SmitWijs Towage to the other joint shareholder, SvitzerWijsmuller, for an undisclosed sum.
DOJ targets Stolt executives PHILADELPHIA 12 October ' Stolt-Neilsen SA has publicly confirmed that both its chairman and chief executive officer are currently being investigated by the US Department of Justice
PDVSA warns of media manipulation VENEZUELAN oil giant PDVSA has issued a stern rebuttal to reports that refinery woes forced cutbacks in planned October gasoline exports to the US
US cuts LNG forecast again The US Energy Information Administration continues to slash its forecast for American LNG imports
Frontline converts first single-hull THE first single hull vessel to be converted into an FPSO by Frontline is a 16-year-old Aframax that will be docked at Keppel in Singapore for the work
HSH moves alongside Greek investors HSH Nordbank will open a representative office in Athens in the first quarter of 2007 to cater directly for the powerful Greek ship investment market
No breaking news for Hartlepool Able UK, which planned to dismantle four US naval reserve vessels at its facility in Hartlepool, has had its application thrown out by local councillors
Bankers say Ofer move for Hanjin cannot be ruled out Geveran Trading sold its entire stake in Hanjin Shipping to Israeli shipping tycoon Sami Ofer last week, six months after the disposal of its shares in Hyundai Merchant Marine.
Durban congestion charge threat raised again The shipping lines in South Africa have threatened to impose a surcharge on containers handled at Durban Container Terminal due to long delays in processing cargo.
Major ANZ changes for Maersk
Chittagong Port channel blocked by sunken vessel
Mediators' report fails to settle Rotterdam-Zeeland co-operation quarrel
More A-shares secure A.P. Møller-Mærsk The A.P. Møller-Mærsk has taken a further step into securing the company from hostile takeover. A chunck of 5,000 ...
More tax deduction for Danish owners Danish shipowners is heading toward more competitive tax terms. The minister for Business Affairs, Bendt Bendtsen, has issued a bill ...
Platform lifeboats to be upgraded Around 250 oil workers from production platforms in the North Sea and the Norwegian Sea are today sent ashore until ...
Quiet trading sees little price movement Bunker prices in US markets settling down as crude lifts slightly after yesterday's low.
LA port emissions now online California port pollutant monitoring scheme up-and-running.
New Zealand's High Court upholds bunker spill fine Failure to slow pumping rate was an 'aggravating circumstance'.
Bunker project still mired in discussions over tax Indian port sees cargo throughput leap, but bunker facility must wait for decision on VAT
Rotterdam market firms, suppliers committed until Tuesday
Taiwan's bunker market opening to more competition New supplier expects Kaohsiung licence soon
Singapore: Stocks of residual fuels above 13 million barrels Stocks of middle distillates also up from week-ago levels.
Hong Kong SECA needs support from regional countries Hong Kong officials and China's Maritime Safety Administration will likely discuss a Hong Kong SECA next week.
Singapore suppliers back regulation through local initiatives IBIA official's call for global regulations sparks reaction from Singapore players.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
