New container ships will depress market: researcher LARGE numbers of new container ship deliveries are likely to cause substantial over-supply in key shipping markets in 2006 but the oil tanker sector will remain in tight supply, a conference heard on Wednesday.
Guangdong's ports, roads get 290b yuan boost CHINA's Guangdong province, which has the largest economy in the country, will spend 290 billion yuan expanding its roads and ports, as it seeks to win to further investment from overseas companies.
China Merchants' interim profit up 3.8% CHINA Merchants Holdings Co, which has stakes in the country's five biggest ports, said first-half profit rose 3.8 per cent, after it invested in Shanghai's port operator.
Admiralty Casebook
Court upholds limited liability ruling in windsurfing accident THE Court of Appeal of New Zealand recently rejected the appeal of an athlete against a ruling that Yachting New Zealand could limit its liability to the athlete under the 1976 London Convention on Limitation of Liability to Maritime Claims.
New container ships will depress market: researcher LARGE numbers of new container ship deliveries are likely to cause substantial over-supply in key shipping markets in 2006 but the oil tanker sector will remain in tight supply, a conference heard on Wednesday.
Guangdong's ports, roads get 290b yuan boost CHINA's Guangdong province, which has the largest economy in the country, will spend 290 billion yuan expanding its roads and ports, as it seeks to win to further investment from overseas companies.
China Merchants' interim profit up 3.8% CHINA Merchants Holdings Co, which has stakes in the country's five biggest ports, said first-half profit rose 3.8 per cent, after it invested in Shanghai's port operator.
Admiralty Casebook
Court upholds limited liability ruling in windsurfing accident THE Court of Appeal of New Zealand recently rejected the appeal of an athlete against a ruling that Yachting New Zealand could limit its liability to the athlete under the 1976 London Convention on Limitation of Liability to Maritime Claims.
Eitzen private placement prior to IPO AXEL Eitzen has ploughed ahead with raising $300m-$350m through a private share sale in his chemical tanker business prior to an Oslo listing.
Shell seeks help for Sakhalin 'bullying' SHELL-led consortium Sakhalin Energy has the backing of the Japanese and British governments and the European Union over its tangle with Russian authorities.
Senator Lines axes services GERMANY'S Senator Lines has announced it will slash container services, close down offices and lay off staff in response to what it calls a "dramatic rates downturn on the Europe-Asia trades".
Panama Canal expansion plan 'will benefit the world' PANAMANIAN president Mart'n Torrijos has told the United Nations General Assembly that expansion of the Panama Canal represents a 'transcendental step' for Panama and the world.
Senator forced to axe services BREMEN 21 September ' Deteriorating market conditions on the Asia-Europe trade lane has forced German liner operator Senator to slash a number of its services and close regional offices in northern Germany, Cyprus and Hong Kong
CP Valour wreck towed to oblivion THE wreck of the container ship CP Valour was yesterday towed from the site of its grounding last December by a salvage team from SvitzerWijsmuller
De Beers prepares for seabed miner INDUSTRY reports say the first of De Beers' seabed mining vessels will arrive in Cape Town at the end of the year after refit in the UK
CalMac to be split for bidding SCOTTISH ferry operator Caledonian MacBrayne is to be split into two companies so it can bid for the Western Isles and Hebridean routes currently out to tender
Yacht tragedy: ferry officer held A senior officer serving on P&O Ferries' Pride of Bilbao has been arrested by UK police in connection with the deaths of three yachtsmen off the Isle of Wight last month
Further acquisition for Moby MOBY, the rapidly expanding Italian ferry operator, has purchased the ro-pax Ariadne Palace from Minoan Lines in Greece for a rumoured euro90M ($114M)
CKYH cutting Asia-Europe calls Alliance carriers are planning on cutting strings and calling ports on trade lanes between Asia, Europe and the Mediterranean.
FedEx profit surges
Maersk returns to New Orleans
Savannah sets expansion aims
Moller sweetens tug bid
Senator Lines cuts routes, axes jobs on weak rates
Maersk tweaks S. Asia-Europe services
Matson trims fuel charge
Lines hit Nehru dues
QAD acquires Precision Software
China opens security service sector to foreign investors
CKYH prepares for Titans with Asia/Europe service shuffle Following today's announcement by the CKYH Alliance that it will cut the number of its Asia/Europe strings from seven to six, the PDS pendulum service has emerged as the likely loop to go.
Animal feed prompts arrests of three containerships Tanjung Priok Port Authority arrested three MSC containerships carrying 167 containers of animal feed, which arrived at the port from Spain last week.
Updated: High costs and low rates force Senator out of "deficit" services Hanjin Shipping subsidiary Senator Lines is to cut six of its "deficit" services, in an attempt to stem losses from rising costs and falling rates.
Schenker: Asia-US/Europe rates recover, but still lower than last year
Hanjin Shipping shares rise slightly after terminals deal
Santos authority welcomes "debtor" terminals into negotiations
Danes extend Adsteam offer
Huge Australian drug haul from Canadian container
Samskip takes over agency operations from Odiel in Spain
Crude bottoms out, OPEC mulls production cut Oil prices reversing course today as producers look for $60 per barrel floor.
Carnival reverses course despite fuel costs Cruise operator seeing profit surge and share price increase with falling bunker prices.
Port approves first 'green lease' construction contract Environmental upgrade with $45.8 million project at Long Beach providing shore-side electricity.
Fuel oil still leaking from sunken tanker Reports of illegal bunkering persist, despite Inquiry's findings.
Bunker Holding announces group HR Manager Group personnel manager appointed by Danish bunkering trading outfit.
Surplus remains despite fall in official fuel oil inventory Players say product in offshore storage leaves Asian hub with fuel oil overhang.
Rotterdam market rebounds, delays in barging
Box carriers consolidate services to survive tough market conditions High bunker prices and over-capacity forcing container lines to rethink their strategy.
Singapore: Residual fuel stocks at 11-week low Onshore stocks of middle distillates also down.
Thai bunkering continues after military coup Bunkering activities resuming in Bangkok today after being briefly halted yesterday.
Cosco profit plunges on freight rates, fuel bill Profit falling 65% in first-half of year for China's biggest container shipping line.
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