UN backs IMO calls for action against piracy THE United Nations Security Council backed International Maritime Organisation calls for action over rampant piracy in Somali waters, urging member states to use naval vessels and military aircraft to combat the pirates.
Malacca Strait war blacklist should be lifted: KL MALAYSIA yesterday urged insurance companies to remove the Malacca Strait from a list of dangerous waterways as it launched a new coast guard to boost security in the area.
Singamas's H2 profit drops 42% on lower sales SINGAMAS Container Holdings Ltd, the world's second-biggest maker of shipping containers, made its first half-yearly profit decline in six years after customers held off orders in anticipation of lower prices.
Port Shots QUEENSLAND state, the largest coal exporting state in Australia, said it approved A$186 million worth of ports expansions to meet rising demand for the fuel in Asia.
UN backs IMO calls for action against piracy THE United Nations Security Council backed International Maritime Organisation calls for action over rampant piracy in Somali waters, urging member states to use naval vessels and military aircraft to combat the pirates.
Malacca Strait war blacklist should be lifted: KL MALAYSIA yesterday urged insurance companies to remove the Malacca Strait from a list of dangerous waterways as it launched a new coast guard to boost security in the area.
Singamas's H2 profit drops 42% on lower sales SINGAMAS Container Holdings Ltd, the world's second-biggest maker of shipping containers, made its first half-yearly profit decline in six years after customers held off orders in anticipation of lower prices.
Port Shots QUEENSLAND state, the largest coal exporting state in Australia, said it approved A$186 million worth of ports expansions to meet rising demand for the fuel in Asia.
Hapag-Lloyd demands yard price cuts HAPAG-Lloyd has told Korean shipyards it will not place any more orders for super post-panamax containerships until newbuilding prices have dropped.
TEN could go private again in protest at under-valuation of shipping sector FRUSTRATION with the undervaluation of publicly trading shipping companies led to press reports this week that the Tsakos family might consider taking New York-listed tanker owner Tsakos Energy Navigation private again.
American Club in shock extra call AMERICAN P&I Club has been downgraded by Standard & Poor's and is likely to make a shock extra premium call on shipowners, writes James Brewer.
Sohmen firm takes half share in Angelicoussis VLGC newbuildings The Sohmen family's Norwegian owner Bergesen Worldwide Gas yesterday said it had taken a 50% stake for an undisclosed sum in the four 84,000 cu m vessels.
CMN blow to SNCM's survival FRENCH ferry operator SNCM has seen its chances of winning the concession to run between Marseilles and Corsica suffer a serious blow
BW Gas acquires new ship stakes BERGESEN World Wide Gas is continuing to expand its VLGC fleet by acquiring a 50% stake in four newbuildings on order at Daewoo shipyard in South Korea
Sea Containers' Sherwood steps down JAMES Sherwood has stepped down from Sea Containers, the company he founded in 1965 and served as president and chief executive until October 2005
Uruguay wants stronger Mercosur AFTER threatening to pull out, Uruguay is now saying it wants to strengthen the Mercosur trade bloc
CMA CGM eyes Atlantic opportunities CMA CGM is watching the Europe-North America trade for further opportunities after the launch of its first trans-Atlantic service
Borgestad sells shipping division BORGESTAD, the Norwegian shipping and industrial group, is to sell its shipping division to Gearbulk and withdraw from ship owning
Trucker, shipper co-op key to short sea To succeed in domestic coastal shipping you must partner with a trucker or at least think like a trucker, conference told.
Dramatic twist sees Peijs reject Betuwe consortium Dutch transport minister Karla Peijs announced last night that she will grant the first five-year concession to market and operate the Betuwe line to ProRail alone after all.
NLE reconstruction to open southern Russian gateway Novorossiisk Port's NovorosLesExport terminal is on the verge of agreeing plans for a reconstruction lifting annual capacity to 350,000TEU, accommodating ships of up to 2,500TEU on one berth.
Minister scraps VAT and ends Indonesian trucker's dispute
PSA to invest in Tianjin Port Phase III
AADA to drive rates up in 2006
China's Tielong Container to expand into specialised box business
Sweden to be audited by IMO The Swedish government has decided to participate in the new IMO Voluntary Model Audit Scheme. An independent audit group will ...
Color Line abandon Fredrikshavn next month From 3rd April the Color Line passenger ferries "Peter Wessel" and "Color Festival" change Danish port from Fredrikshavn to Hirtshals ...
Westfal-Larsen orders six IMO II chemcarriers Bergen-based Westfal-Larsen & Co has ordered six 46,000 DWT, IMO II product/chemical tankers worth USD 296 million at ...
Port rewards compliant shipowners with 'Green Flags' Long Beach acknowledging compliance with its vessel speed reduction programme in special ceremony.
US markets on the move Prices seen softening in main ports, LA readjusting, but trending firmer with crude.
South Africa seeks IMO support on pollution South Africa has made an urgent plea to the IMO to designate a total prohibition zone for oily discharges.
Serbia: New bunker/lubricant company formed Ex-Bunker Holdings bunker manager forms his own company in Belgrade for the supply of bunkers and lubricants.
Belgium joins ranks with MARPOL Annex VI The recent ratification of MARPOL Annex VI by Belgium leaves the Netherlands and one Baltic state in relative isolation.
Crude fall silences Rotterdam barge market
FAL Oil secures syndicated loan for fleet expansion Various banks have granted the company a syndicated loan of $90 million.
Oil prices drop more than $2 Crude prices down on strong US crude inventories, despite renewed tensions in Nigeria over the weekend.
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