UK set to launch anti-terror cargo security scheme THE UK looks set to introduce a new cargo security regime similar to the United States' 24-hour advance manifest rule, raising fears among shippers that it will slow the free movement of goods and disrupt global supply chains.
Bush signs bill on US port security PRESIDENT George W Bush on Friday signed legislation to help protect US ports against catastrophic Sept 11-style attacks as part of an election-year push on domestic security sought by both political parties.
Finnlines' investor sparked Grimaldi bid EMANUELE Grimaldi's decision to raise the Grimaldi Group's stake in Finnlines to 46.2%, and with it to launch a full takeover bid for the Finnish ferry company, appears to have been prompted by an unsolicited approach from the second largest shareholder in Finnlines eager to sell at price level it regarded as favourable.
Ultrapetrol listing fails to hit expected target ULTRAPETROL (Bahamas), the shipping enterprise taken public on the Nasdaq market by the Menendez family, has had to settle for a price of $11 per share instead of the $13-$15 expected, realising gross proceeds of $137.5m in the bargain.
DryShips takes $22m hit from futures gamble NASDAQ listed DryShips has taken a significant hit from losses on futures contracts after gambling that the freight market would slump over the summer.
Bush calls for more LNG terminals to cut dependence on Middle East PRESIDENT Bush has called for the US to approve more liquefied natural gas terminals as part of the nation's efforts to reduce dependence on oil imports from the Middle East.
US gas field closed after explosion NEW ORLEANS 13 October ' A southern Louisiana oil and gas field is shut today and at least three people are dead following an accident yesterday when a tug and barge struck a natural gas pipeline ' causing a massive explosion
DryShips admits heavy FFA loss GREEK owner Dryships has suffered a $22.4M loss on forward freight agreement (FFA) hedges after bulk rates proved much stronger than the company anticipated
Piracy: Suriname SURINAME police and naval forces plan to increase coastal patrols after repeated reports of fishermen being attacked by masked, armed robbers
Bush signs $6.7Bn port security bill PORT bosses across the US will soon see additional money to fund security upgrades following President Bush's signing this morning of the SAFE Port Act
Ultrapetrol scales back BAHAMAS-based Ultrapetrol will receive $34.8M less from its IPO than hoped, after the company priced its shares below target yesterday
Indonesia to calm tin tensions INDONESIA has moved to restore shipments of tin from Bangka island after two weeks of social unrest has disrupted production
China volume may soften landing for falling container charter rates Charter rates are still retreating, but the market appears headed for a soft landing instead of the collapse predicted earlier in the year.
Bush signs SAFE Port bill
Liners say EC 'accusatory'
Tolls boost Seaway traffic
MOL upgrades intra-Asia service
Concor profit soars
Visibility key to supply-chain excellence: NYK exec
PIX service calls Pipavav
Export ABCs: Information time
India port volume up 6%
Emirates' Hyper Galex service calls China, India, Mid-East
ELAA accuses EC of "harping on about the past" European Liner Affairs Association Executive Director Chris Bourne told a lawyers' conference today that the EC's "accusatory tone" was hindering the process that will see a new liner regulatory regime by 2008.
Emirates: Hyper Galex is go
Chittagong Port orders probe into ship capsizing
Operators urge Jakarta to significanty raise port investment
MOL to funnel more Asian volumes through Singapore hub
Conoco spills $540,000 Oil company pays maximum fine to Washington state for 2004 Polar Tankers spill in Puget Sound, with federal payout still to come.
Paying for caution George Economou explains how he was blindsided by a strong third quarter for dry bulk rates, taking a $15,000 per day beating on each of 12 hedge contracts.
Righting the ship? DryShips seems to have stopped taking on water over paper losses after Economou, two investment analysts come to its defense.
Immoral, says Greenpeace IMO efforts on new scrap convention gets less than enthusiastic response from social and environmental groups.
TMT fronts up again Taiwanese owner pays top dollar for Frontline VLCC a month after buying a sister vessel from the Oslo-listed giant.
Probo Koala heads off Ship at centre of toxic waste row leaves Paldiski, Estonia, to discharge slops and continue trading.
Many a slop... ...'twixt ship and shore as tanker owners hit back over 'knee-jerk' reactions to Probo Koala scandal.
Tomasos confirms Top buy Tanker switches hands between compatriot Greek owners for $1.5m less than initial reported purchase price.
Ultrapetrol misses IPO target Company redraws debt plan after offer prices 20% below expectations.
Japanese push NOBS Ship designers develop wider hull to avoid use of potentially harmful ballast water.
No takeover for Ofer Israeli owner sees increased stake in Hanjin Shipping as 'financial investment' only.
Fool fights back Motley Fool describes recent departure of two directors and CFO from DryShips as "alarming".
Indian missing crew farce Relatives now told not Jupiter-6 seafarers in Lisbon jail but crew of a different ship.
Todd wins ferry deal US shipyard to overhaul 1963-built Alaskan state ferry Malaspina for $6.5m.
Stolt eats up more shares Chemical operator spends another $5m on its own stock.
Scandlines cuts Mols-Linien stake German-Danish ferry owner sells 10% of rival to smooth path to sell-off.
OOIL: no ports shortlist Hong Kong boxship operator denies it has lined up bidders for a potential sell-off of its North American terminals.
Guilty Captain of the 1,156-teu boxship Zim Mexico III (built 1993) convicted over Mobile port death.
MOL upgrades China links Japanese liner operator to launch direct service between Shanghai and Singapore next week.
Finnlines bid "too scant" Voices are heard in the market that the Grimaldi bid for Finnlines is far too low. The Grimaldi bid puts ...
Fewer accidents with Swedish ships In 2005, 114 accidents occured with Swedish-flagged ships involved, 11 less than in 2004. Eight incidents were reported, the ...
Godby Shipping to lengthen newbuildings Two ro-ro vessels on order by Godby Shipping at the J.J. Sietas shipyard will be lengthened by 12.6 metres ...
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