S'pore marine industry makes a big splash SINGAPORE'S marine industry turned in a stellar performance last year with a record-breaking 40 per cent increase in turnover to $7.4 billion, driven largely by the oil and gas exploration boom which swelled order books in the offshore sector.
Port Shots
Port Shots SHARES of Tianjin Port Development Holdings Ltd, an operator at China's fifth-largest container harbour, jumped 26 per cent in their Hong Kong trading debut as the nation's growing trade boosts cargo shipments.
S'pore marine industry makes a big splash SINGAPORE'S marine industry turned in a stellar performance last year with a record-breaking 40 per cent increase in turnover to $7.4 billion, driven largely by the oil and gas exploration boom which swelled order books in the offshore sector.
Port Shots
Port Shots SHARES of Tianjin Port Development Holdings Ltd, an operator at China's fifth-largest container harbour, jumped 26 per cent in their Hong Kong trading debut as the nation's growing trade boosts cargo shipments.
OSG sizing up US flag operations spin off OVERSEAS Shipholding Group is considering alternative structures for its US flag business to achieve higher premiums than it now earns, the company has said.
Eurofin targets $100m tanker war chest A NEW ship investment fund targeting the niche but lucrative vegetable oil trades has been launched by Eurofin.
International warrant for Al Salam owner EGYPT is seeking the extradition from Britain of the owner of the ferry that sank in the Red Sea in February with the loss of 1,400 lives.
Ambitious Camillo Eitzen adds Korean newbuilding quartet OSLO'S rising shipping star, Camillo Eitzen, has booked another round of newbuildings ' this time a $100m order for four chemical carriers from South Korea.
Woodside adds to growing LNG carrier order book WOODSIDE Petroleum has signed a deal with South Korean shipbuilder Samsung Heavy Industries giving the Australian energy group options on the construction of up to four liquefied natural gas carriers, writes Tony Gray.
Spanish yard takeovers confirmed FACTORIAS Vulcano, the shipbuilder in Vigo, Spain, has been confirmed as the successful bidder for Gijon shipyard
Pakistan suspends union leaders PAKISTAN'S Shipping Master has suspended Continued Discharge Certificates of six key office bearers of the All Pakistan Seamen Workers' Union for three years
Port quake risk to be assessed A NEW five-year project led by the Georgia Institute of Technology will devise strategies to counter the serious risk to US ports posed by earthquakes
CVRD secures 19% ore price hike BRAZILIAN ore giant CVRD has secured a 19% hike in the cost of ore supplies with steel customers Arcelor and Mittal Steel; the Chinese are expected to resist
Liner survey hits late vessel calls More than 43% of vessels in scheduled liner services arrive late, according to new survey by Drewry Shipping Consultants.
Public-private deals no panacea, House panel told
Marad releases domestic competition report
EU offers import tariff cuts
Export ABCs: Revision of UCP
World Shipping Council backs Panama Canal expansion
Longshore local wants to re-open ILA contract
Growth seen for supply chain planning market: Study
Indonesia demands certification for vessels under Indonesian FoC All foreign vessels under Indonesia's Flag of Convenience must be certified by the country's classification bureau (BKI), following a Regulation which is now entering force, a BKI executive has announced.
Larger sectors remain the engine of charter market momentum
New Zeebrugge-Duisburg train re-connects Antwerp with Duisburg
New Korean contract for the Port of Koper
Austral Asia Line heads west
SCI floats tenders for boxship construction
Sao Francisco do Sul opens dry port, to alleviate congestion
Genco takes a trim Peter Georgiopoulos' dry bulk company extends five handies with Lauritzen, but at 22% discount from charter level at last year's IPO pricing.
ABS mourns tragic loss The chief financial officer of the American Bureau of Shipping has died in a tragic collision following a week-long disappearance.
GEM sparkles for $100m Gulf Energy Maritime has new loan agreement with Abu Dhabi bank in support of its two Korea-ordered panamax newbuildings.
Emirates steps up service Dubai start-up Emirates Shipping sets up Asia-US service following hot on the heels of the India-US service.
Intermarine takes two Project-cargo specialist charters in two Atlanska Plovidba units to meet increased requirement.
Siem buys again Norwegian investor's offshore shipping company strikes deal with OH Meling for three vessels.
Knightsbridge tanks Shares in VLCC specialist hit 52-week low on post-dividend selloff.
Deal of the year It has been a year of mega acquisitions of companies and fleets but who has pulled off the hottest transaction? Vote in TradeWinds latest poll and you could soon have an Apple iPod nano in your pocket.
Aframax in minor spill off Bulgaria Bulgarian authorities contain discharge from V.Ships-managed tanker in port of Bourgas.
Spot the difference at B+H Reduced spot exposure and vessel acquisitions lift US tanker owner B+H to four-fold first quarter profit.
Olympic back at Ulstein Norwegian shipowner goes for second sub-sea newbuilding as yard's orderbook swells to NOK 3bn.
Eitzen to buy four Camillo Eitzen & Co is placing an order for four 13,000-dwt chemical tankers at Korea's 21st Century Shipyard.
Skaugen on fundraising trail Norwegian tanker and gas carrier owner hopes to raise $100m in new Oslo-listed bond issue.
New bid for ABP Goldman Sachs-led consortium back with better offer to take over UK ports company.
GE adds to offshore fleet India's Great Eastern lines up deal for two modern second-hand platform supply vessels.
Rustbucket caught again The Honduras registered general cargo vessel "Allora" continues to sail in North European waters. In November last year the vessel ...
No further escalation of Norwegian strike Norwegian deck officers serving on domestic ferries and passenger vessels have no intention of escalating the strike, which now involve ...
Two Danish tugs is towing fish in the Mediterranean Towing Company Jens Alfastsen, Horsens, has started its fifth season supporting fishing vessels in the Mediterranean. This year the tugs ...
SemGroup beats out rival for TransMontaigne merger Bidding frantic in merger, but FTC investigation into deal could take months.
UK: Fuel suppliers will be liable under MARPOL legislation The UK's interpretation of MARPOL Annex VI seeks to make the right parties responsible for fuel quality and takes sensible line on borderline sulphur content.
DOE & API at a glance: This week's key US inventory figures
Lubrizol completes fifth divestiture Lubricant additive manufacturer completes sale of fifth and last part of non-core businesses with combined revenues of $500 million.
Polish buyer lined up for Baltic refinery Yukos has reportedly agreed to sell majority stake in the only oil refinery in the Baltic States.
Imarex positive on Q1 results despite lower revenues Norway-based maritime derivatives exchange reports strong overall growth with new bunker fuel contact making positive contribution.
Barge trade bids move up in firm Rotterdam market
Hong Kong: 380 cst bunker fuel sees strong demand, 180 cst tight Heavy demand for 380 cst results in slight barge congestion.
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