Satellites may track ships to fight terrorism: IMO THE world's supreme maritime body said last Thursday it was reviewing new proposals to track suspect ships by satellite to fight terrorism and prevent the movement by sea of illicit material such as weapons of mass destruction.
Shipping gains may double by 2008: TUI TUI AG, the German travel operator that bought over CP Ships last year, said shipping profit will more than double by 2008 as the acquired company is integrated more quickly than expected and freight rates recover.
More money for ports security needed: US lawmakers LAMBASTING the Bush administration for lax protection at US seaports, House of Representatives lawmakers acted last Thursday to increase spending on port security by US$448 million more than last year.
Kuehne & Nagel sees 2006 profit matching Q1 rate
Persian Gulf oil-tanker rates may rise; bookings gain
Port Shots
Port Shots MISC Bhd said fourth-quarter profit dropped 70 per cent.
Satellites may track ships to fight terrorism: IMO THE world's supreme maritime body said last Thursday it was reviewing new proposals to track suspect ships by satellite to fight terrorism and prevent the movement by sea of illicit material such as weapons of mass destruction.
Shipping gains may double by 2008: TUI TUI AG, the German travel operator that bought over CP Ships last year, said shipping profit will more than double by 2008 as the acquired company is integrated more quickly than expected and freight rates recover.
More money for ports security needed: US lawmakers LAMBASTING the Bush administration for lax protection at US seaports, House of Representatives lawmakers acted last Thursday to increase spending on port security by US$448 million more than last year.
Kuehne & Nagel sees 2006 profit matching Q1 rate
Persian Gulf oil-tanker rates may rise; bookings gain
Port Shots
Port Shots MISC Bhd said fourth-quarter profit dropped 70 per cent.
Yard risk revamp due as losses mount LONDON underwriters are about to launch a substantial revamp of the 18-year-old standard clauses for shipbuilding risk as the speciality lurches from dispute to dispute and sustains heavy losses.
NI launches bulk carrier safety drive PEDDLING statistics that show heart-warming improvement in bulk carrier safety is a failure of conscience, according to the Nautical Institute, writes Hugh O'Mahony.
LNG sector hits back at Marsh's premium increase warning INSURANCE broker Marsh's suggestion that premiums on liquefied natural gas carriers are poised to increase because insurers no longer view the sector to be as watertight as previously believed has drawn fire from a pair of senior executives in the US.
Rotterdam aims to be halal goods hub BOTH MISC Integrated Logistics and the port of Rotterdam are targeting the emerging market for halal logistics estimated to be worth as much $25bn a year worldwide.
MOL profits dip despite income rise MITSUI OSK Lines suffered a sharp drop in profits from container shipping in the latest fiscal year as costs soared.
Japan tonnage tax 'distant prospect' THE introduction of a tonnage tax in Japan could save Japanese owners ¥95Bn ($850M) in tax annually, a conference in Tokyo was told yesterday
Brazil forced to reassess gas imports BRAZIL needs to reassess its gas import capability after Bolivian president Evo Morales accused energy major Petrobras of acting illegally and unconstitutionally
Quintana seals transformative deal QUINTANA Maritime has confirmed the purchase of 17 bulkers for $735M, drastically increasing its fleet size from the current 916,000dwt to 2.3Mdwt by mid-2007
PDV ships are part of $70Bn expansion FURTHER details have emerged of PDV Marina's $1.3Bn agreement with Chinese builders to construct 18 oil tankers to carry crude between Venezuela and China
Transneft facing hostile takeover bid RUSSIA'S state-owned oil pipeline agency Transneft could be taken over if a merger plan advocated by a faction of former federal transport officials gets Kremlin approval
Santos port authority 'a cash cow' SANTOS port authority Codesp is variously a 'political football' or 'cash cow' for Brazilian federal interests, but the size of its debt has brought its future into question
New Senate security bill introduced Senate panel leaders repackage transportation and supply-chain security legislation from 2005 in apparent challenge to GreenLane bill.
Transport Workers' card rollout continuing, with call to private sector Implementation of the proposed US transport-worker identity card (TWIC) has finally hit the fast track, with the Transportation Security Administration opening up competition for a 'single integrator' to take over.
China's MOC rules standardised THCs are 'non-binding' China's Ministry of Communications is requesting liner conferences allow their members to depart from the standardised THC stated in earlier conference notices.
NYK expects lower profits for FY2007
Jakarta invites private investors to fund six deepsea ports
North Korea to build one more container berth
CK Line and Taiyoung to run Korea/Japan service
US$23m boost for Libra Terminais
JN Port Trust floats tender for fourth container terminal
Quintana nets Metrostar ships New York-listed Quintana Maritime of Greece splashes out $735m for 17 vessels in compatriot owner Metrostar Management's fleet.
Biometric IDs for Filipinos Manila claims it will be first among Asian labour suppliers to issue seafarers with new electronic cards.
Bunge jumping Stamatis Molaris-led Quintana has sold $191m worth of equity and revealed a suite of charters to Bunge on its whole new fleet.
Burnt offering If you are looking for a containership bargain then the Hyundai Fortune might be just the ticket.
India won't stop Blue Lady Cruise liner continues its journey to Alang but India's Supreme Court orders a committee report into the scrapping fiasco by July.
NYK at all-time high Japanese giant survives higher fuel prices to post record annual result, aided by impairment losses in previous year.
SNC builds shipbuilding Construction work accounting for 70% of revenues at busier Romanian shipyard.
More for NSCSA Profits still rising for Saudi VLCC owner after strong first quarter.
Steamship on course Surplus of over $20m achieved by P&I club despite claims from tragic Egyptian ferry and other major incidents.
Azuma in strong debut Newly listed Japanese bulker owner makes reporting bow with bigger annual profit.
Ceco counts cost Axel Eitzen's diversified shipping company pushed to lower first quarter net profit by interest expenses.
Greek fans trash ferry Disgruntled AEK Athens supporters go on rampage on Lane Lines ship after team loses cup final.
KLC kicks off lower Korean bulker and LNG player sees profits and revenues slide in first quarter.
Taiheiyo picks itself up Taiheiyo of Japan steadies the ship in the final quarter to turn around losses but sees annual profit slashed to a third.
Inui profit slips Full-year earnings down at Inui Steamship of Japan despite increased revenues and a positive third quarter.
Diana profits drop 20% US-listed Greek bulker player hit in first quarter as charter rates drop by one-third from last year.
Jutha numbers jump 100% With no worries over bunker prices Thai shipowner sees first quarter profits nearly double.
Mongstad/Sture threathened by tug strike Norway's major oil and product terminals at Mongstad and Sture in Western Norway are threathened by a tug strike from ...
Swedish administration reports solid profit The Swedish Maritime Administration, SMA, reports a SEK 120.1 million (EUR 12.8 million) profit for 2005. Half is placed in ...
New rules for alcohol use on board Danish ships A Danish law bill on alcohol limits at sea has been changed before being issued to the Parliament, Folketinget. Strong ...
US: Bunkers ride crude's peaks and troughs Prices moving with market fundamentals as week ending quiet.
Russian river shipments shrinking, but not ending Russian ministry official seeks to allay concerns and says dredging work will keep Russian oil products flowing.
Fuel costs prompt NYK to predict lower profit NYK reports 13% decline in operating profit in the financial year just ended, and predicts more of the same in the current year as fuel costs weigh heavy.
Rotterdam supplier takes steps to meet growing LSFO demand Increased interest prompts AFT Chemoil to dedicate barge to service the new LSFO market, where prices currently vary widely from port to port.
Quiet end to week in Rotterdam
MOL: Fuel costs will prompt 2006 profit drop Despite posting a profit increase for the fiscal year just ended, MOL predicts fuel costs will hit hard in the coming year.
Japan: April retroactive bunker price touches new high NYK will pay the highest price ever to Nippon Oil Corp for its April bunker fuel bill.
Thai-listed firm posts 51% drop in Q1 profit Thailand's sea-transportation firm attributes its profit drop to high bunker costs and low freight rates.
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