Shipping rates fall in Q3 as new vessels boost capacity THE world's shipping lines charged less to move containers in the three months ended September, as new vessels entering the fleet boosted capacity, Containerisation International magazine said.
Penang Port to get RM1b upgrade TERMINAL operator Penang Port Sdn Bhd plans to spend RM1 billion in the next five years to improve Penang Port's infrastructure and facilities, says a report in Malaysia's Business Times.
US Southeast ports, railroads eye China trade ROY Schleicher points through a chain-link fence at a 65-hectare plot that has been cleared for a new port terminal for consumer goods from China and other Asian countries.
Statoil joins with Norsk Hydro in huge oil merger STATOIL and Norsk Hydro have agreed to merge their oil and gas operations to become the world's largest offshore operator and a major exporter of hydrocarbons.
Damage to reputation gives energy giants sleepless nights BIG energy companies are far more worried about damage to brand and reputation than natural catastrophes that can hit their installations, a survey by Willis broking group has shown.
BP memo attacks company ethos TONY Hayward, BP's head of upstream operations, has hit out at his employer's leadership style and cost-cutting culture on an internal website, writes Martyn Wingrove.
Container lines winning battle over Asia-Europe freight rate increases HARD evidence is emerging that container lines have regained the upper hand in the Asia to Europe trades, writes Janet Porter in Amsterdam.
Norwegian heavyweights get together OSLO 18 December ' Norwegian companies Norsk Hydro and Statoil have unveiled a merger of their oil and gas activities, but analysts expect the implications for shipping to be limited
Barmy Army cruise hit for six A 140-day charter of the veteran cruise ship Orient Queen became available when a previous charter to serve as a cricketers' hotel fell through
Five gold rings for Korean builders SOUTH Korean shipbuilders have taken the top five places in the latest listing of yards and their order backlogs from Clarksons, the London-based shipping services provider
Birka axes jobs to trim costs BIRKA Cruises, part of the Finnish short cruise and freight ferry group Birka Line, is to axe 27 jobs on its 34,758-gt cruise vessel Birka Paradise to trim costs
Carnival converts huge option CARNIVAL Cruise Lines has exercised its outstanding option at Fincantieri for a sister to its largest post-Panamax newbuilding ever
Hamburg picks HHLA front-runners HAMBURG has drawn up a shortlist of suitors for a stake of up to 49.9% in its municipal container terminal operator HHLA
Strong month for eastbound trans-Pacific Containerized imports moving through Southern California ports eased off from October, but were higher than the same month a year ago.
Sri Lanka launches four-terminal Colombo project Sri Lanka has launched an infrastructure project that will increase Colombo's container-handling capacity threefold, with a new, state-built harbour holding up to four terminals operated as public-private entities.
SITC Maritime to absorb Beijing's top airfreight forwarder SITC Maritime Group's logistic arm is merging with New Times International Transport Service to form what it dubs "a supply chain management and logistics giant in China".
European Commission EU to tighten security measures
Kerala Government concedes defeat over Chinese company security clearance and re-tenders Vizhinjam
NYK to deploy its first titan on Grand Alliance's EU4
EPIC partners produce another chef d'oeuvre
TOL links China with New Caledonia
Canada transpacific conference prepares grand rate-raising plan for 2007
Private-sector crane operator still facing hurdles at Chittagong Port
Inchon Port offers incentives to existing and new customers
Marseilles-Fos volumes increase 4% as north-south numbers creep back
Shell Offshore takes Arctic offshore vessels on charter from Finstaship The Finnish shipping enterprise Finstaship has agreed with Shell Offshore Inc. about chartering two multipurpose icebreakers for the following three ...
Norsk Hydro and Statoil to merge The Norwegian companies Norsk Hydro and Statoil are planning to merge their gas and oil activities, forming the world's biggest ...
Clean air port conference dubbed a success Ports committing to "continue dialogue" on reducing emissions following meeting.
APL tests new fuel technology Shipowner adding water to fuel, taking other measures for cleaner ship emissions.
Low sulphur plans keep forward prices strong Plans for North Sea Sulphur Emissions Control Area are putting pressure on forward prices for low sulphur fuel oil.
New bunker firm enters Singapore Chinese-based group opens office to procure bunker product for the port of Shenzhen in China.
Rotterdam market still firm
Break in fog allows shipping to resume Houston bunker stocks left swollen after fog disrupts demand.
Chemoil announces low-sulphur offer Both MDO and MGO to be supplied at the ports of Los Angeles, Long Beach.
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