Kidnap-and-ransom insurance policies offered to mariners THE lucrative business of kidnap-for-ransom, an offshoot of the global maritime piracy problem, has in turn spawned a new business for insurers who are now offering kidnap-and-ransom policies for mariners.
Asian hub race hots up as S Korea opens new port SOUTH Korea, Asia's fourth largest economy, has opened a new cargo port in the southern city of Busan, stepping up a race to become the leading shipping hub in Asia.
Bangla port to install scanners to detect deadly cargoes BANGLADESH's main Chittagong port has taken up a US$12 million project to set up container scanners aimed at detecting shipments of deadly cargoes, port officials said.
31% of dry-bulk vessels are old as demand rises
Taiwanese ship rescues Thai fisherman
Middle East VLCC rates leap as Asian demand surges
Japan steps up campaign to save conferences JAPAN is heading an international coalition that is determined to put the brakes on European Commission plans to abolish the liner conference system.
Baltic warns on market manipulation THE Baltic Exchange has fired a "warning shot" to its members, reminding them of their ethical responsibilities under the Baltic Code when fixing ships and cargoes, writes Neville Smith.
Bid to end Malacca Strait war risk ruling fails SHIPOWNER groups in southeast Asia have failed in their attempts to have the Malacca Strait removed from a list of war risk areas.
Salvage crisis in the offing as ships continue to grow says ISU chief THE international shipping industry has been accused of turning a blind eye to a looming crisis as the size of container vessels and cruiseships outstrips the technical capacity of salvors to handle them.
Tsakos tanker cleared in oil spill US investigators have cleared the master and crew of the Tsakos tanker Athos I in the 2004 incident in which the vessel struck a submerged object in the Delaware River
Ferry officer blamed for near-miss A 'multi-tasking' chief officer has been found at fault for an incident in which a Washington State ferry came too close to the container ship Knud Maersk
Australia, S. Korea sign ore supply deal INI Steel of South Korea has signed an MOU for the purchase of iron ore and coke from BHP Billiton of Australia
California bars some demurrage charges State law aimed at protecting truckers prohibits marine terminal operators from charging for late return of equipment in some cases.
Rotterdam Authority finally finalises management team, with CFO The Rotterdam Port Authority has finally finalised its new management team, by filling the long-vacant role of Chief Financial Officer, at a corporate salary of €180,000 (US$217,700).
Companies ponder life after Toll's Patrick bid failure The transport industry, the stockmarket and the companies themselves were today digesting the Australian Competition and Consumer Commission's comprehensive rejection of Toll Holdings' A$4.6bn (US$3.45bn) bid for Patrick Corporation.
P&O formalise February 15 as new deadline
JITC abolishes fuel surcharge
Successful year for Hupac, with nearly 16% increase
DP World executive nominated US maritime administrator
Two North American railways improve network capacity
Still-stranded APL Panama noses out towards deeper water
Shallow-draught ship to help develop Rio Grande hinterland
Trouble on the Columbia River cruise line Great American Journeys is said to be negotiating with creditors for its survival.
Katrina ships need work Atlantic Marine and Grand Bahama Shipyard have won the job of fixing up three Carnival vessels after a controversial US charter.
CMA CGM scouts big cash Marseilles-based CMA CGM is looking to fund 12 boxship acquisitions with $736m worth of debt.
USCG clears Tsakos There is 'no evidence that any violation contributed' to the November 2004 fouling of the Delaware River by the Athos I.
Heavy helping hand The world's largest shipbuilder is raising advance payments among other measures to strengthen Korean subcontractors.
Likely Lads step up North of England P&I club casts Alan Wilson and Paul Jennings for starring roles.
Trip work for VLCC An internal acquisition by New York-listed TEN from Tsakos Shipping & Trading goes to work at $75,000 per day.
MMM closing in on tanker Malaysian owner could add small products carrier to fleet in first quarter.
Crack was concealed UK reveals attempt was made to hide this serious crack on the deck of an Aries Maritime products carrier.
Vinalines keen to diversify Ambitious Vietnamese shipping group plans to move into banking, insurance and property.
Hoverspeed wins customs cash Sea Containers ferry operation will receive out-of-court settlement for alleged excessive searches of customers by UK officials.
Temas takes German cash Indonesian owner arranges loan with DEG to buy two containerships.
Judicial enquiry into "Kleine Familie" Malta, as the "Sichem Pandora" flag state, has decided to hold a judicial enquiry in to sinking of the French ...
Swedish ship operator md jailed The managing director of Destination Gotland, the operator of the ferry services between the Swedish mainland and the island of ...
"Norway" demolition contract withdrawn Star Cruises has cancelled the sale of cruise vessel "Norway" (ex "France" board. According to TradeWinds Star has pulled out ...
US bunker prices defying 'fundamentals' Surging crude driving bunker prices higher but suppliers saying market fundamentals unchanged.
Port of LA says ships must burn low-sulphur fuel Port outlining 'environmentally stringent lease' requiring cold ironing and cleaner fuels in ship engines but discrepancies remain.
APL Panama still grounded after failed refloat attempt All fuel removed to prevent possible fuel leak ahead of next refloat effort.
New hurdles to clear for marine fuel users SECAs and increased strain on global refining pose challenges for fuel quality and supply, says DNVPS.
Fuel oil futures contract set for first half 2006 launch Dubai Gold and Commodities Exchange is set to launch its fuel oil futures contract in the first half of this year.
Rotterdam firming in line with crude
Oil recovered after bunker barge spill An oil spill from a bunker barge that occurred earlier this week in Gladstone Harbour has been cleaned up.
OPEC ready to fill supply gap from Nigeria OPEC is ready to fill supply gap from Nigeria, but concerns remain over sufficient supply of sweet crudes.
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