Mid-East conflict taking a toll on shipping industry THE escalating conflict between Israel and Lebanon-based Hezbollah militants is increasingly being felt by the shipping industry as ports close, insurance rates climb and maritime employers and unions declare the area a 'warlike operations zone'.
Foreign bidders eyeing DP World assets woo former US officials THERE has been a flurry of activity aimed at recruiting top former US officials by foreign bidders eyeing the US port assets of Dubai's DP World.
APL Logistics bags licence to operate in Taiwan's Kaohsiung FTZ GLOBAL supply chain company APL Logistics said yesterday that it has become the first international logistics provider to obtain a licence to operate in Taiwan's Kaohsiung Free Trade Zone .
NOL's June cargo volume up 5%
Port Shots
Port Shots A Singapore-based container ship with 23 people on board was listing severely yesterday and taking on water south of the Aleutian Islands, Coast Guard officials said.
Mid-East conflict taking a toll on shipping industry THE escalating conflict between Israel and Lebanon-based Hezbollah militants is increasingly being felt by the shipping industry as ports close, insurance rates climb and maritime employers and unions declare the area a 'warlike operations zone'.
Foreign bidders eyeing DP World assets woo former US officials THERE has been a flurry of activity aimed at recruiting top former US officials by foreign bidders eyeing the US port assets of Dubai's DP World.
APL Logistics bags licence to operate in Taiwan's Kaohsiung FTZ GLOBAL supply chain company APL Logistics said yesterday that it has become the first international logistics provider to obtain a licence to operate in Taiwan's Kaohsiung Free Trade Zone .
NOL's June cargo volume up 5%
Port Shots
Port Shots A Singapore-based container ship with 23 people on board was listing severely yesterday and taking on water south of the Aleutian Islands, Coast Guard officials said.
Lebanon conflict pushes up charter rates CHARTER rates for tankers operating out of the eastern Mediterranean have jumped higher as some owners are refusing to let their vessels visit the region's crude terminals.
Evacuation tightens Cyprus bunkering BUNKERING in Cyprus is feeling the pinch as humanitarian vessels take priority for available product, especially supplies of marine gas oil .
Global trade talks collapse Efforts to salvage an agreement on global trade talks collapsed yesterday as the US and the European Union accused each other of not doing enough on farm subsidies. US lawmakers blamed the European Union and advanced developing countries for the collapse.
IRISL share sale excites market PRIVATISATION of Islamic Republic of Iran Shipping Line would attract plenty of interest, trade sources said yesterday as reports surfaced in the Middle East that the government was preparing to offload part of its holding.
Simon Group sets up bold move on US assets of DP World WASHINGTON ex-military advisors and policymakers have been hired by the head of small British ports business Simon Group to orchestrate a bold move on the US assets of Dubai's DP World.
Cougar Ace crew await rescue NORTH PACIFIC 24 July - Twenty-three seafarers remain aboard the Singapore-flagged car carrier Cougar Ace as it continues to take on water and list heavily in the Bering Sea off the Aleutians
Finns propose Baltic waste water ban THE FINNISH environmental ministry wants discharge of all waste water from ships into the Baltic Sea to be banned
Crown Princess lawsuit brewing A law firm is to file suit on behalf of five passengers injured when Princess Cruises' Crown Princess listed severely off Port Canaveral
IRISL privatisation approved IRISL has been given approval to offer 35% of shares in the company through the stock market as part of a giant privatisation plan approved by Iran's spiritual leader
Complaints against Color dismissed NORWAY'S competition authority, the Konkurransetilsynet, has dismissed complaints that ferry operator Color Line might have misused its market position
OSG indicted in dumping probe FEDERAL officials in Texas have now indicted Overseas Shipholding Group in the probe into the company's oil dumping policies
June shift for West Coast containers Weaker volume in Seattle (left), growth in LA a signal to railroads, terminals to ready extra capacity for the peak season.
Agreement reached on HK port security charges Hong Kong's shippers and container terminal operators have reached consent on port security charge arrangements and the pertinent investment to be made by terminals to improve port security.
Namibians call off search for stolen ship Namibian security forces have abandoned the search for the 'stolen' container vessel Umfolozi which left Walvis Bay illegally last week.
APL volumes show gentle gains but revenues slump
Busan suffers sluggish Q2 growth
Dhaka seeks deepsea port finance, as New Mooring project prepares to launch
Eimskip hold over Kursiu Linija strengthens, with 20% stake purchase
Vessel outages hit China-Australia trade
CN Q2 revenues shatter record
Hapag cargo boosts Vancouver volumes
New Rhine low-water surcharge favours 40-footers
Hercules supports Emirate's slot-charter deal with TSK
K Line to join PIL's Red Sea Service from August
Fos limit in sight, while Marseilles N/S volumes still down
Gulf Nav lines up orders IPO reveals plans for ten newbuilds, including four VLCCs plus options for four more.
Frontline confirms order China's Jiangsu Rong Sheng Heavy Industries to build two 153,000-dwt units with options for two more.
Off the blocks Gulf Navigation's $250m IPO launches after initial concerns over delays batted away.
Cougar Ace taking on water Coast Guard rushing to Singapore-flagged car carrier which is listing off Aleutian Islands.
Rates fall again at NOL Average revenues per feu slide another 9% in June but volumes up 5% in first half.
K Line targets Middle East New liner agents and new service for Jordan and Yemen in conjunction with PIL.
Carnival accumulates Carnival Micky Arison orders the purchase of 650,000 shares in London as stock dips close to '20.
Canada spill clean-up underway Investigation underway to determine cause of 500 litre oil spill in Halifax harbour.
Natives restless at Bahamas yard Union accuses bosses of not giving Bahamians a preferential crack at job opportunities.
Forgetful officer put ferry in danger Probe finds New Zealand vessel Santa Regina came close to rocks after distracted second officer delayed harbour turn.
IPBCC slaps on surcharge Boxship group adds $40 per box into and out of Colombo because of delays.
DOF adds one in Brazil Aker Yards to build large construction ship for Norwegian owner at Brazilian yard.
Shipping emissions and abatement subject of new studies Studies of actual shipping emissions and ways to limit them to get part of $5 million funding for Air Pollution Research.
Vopak-Mitsui tank terminal merger scrapped Mitsui and Vopak have decided not to continue pursuing a previously announced 50/50 joint venture regarding their tank storage activities in North America.
Japan: Bunker prices rise as refiners limit supply Japanese bunker prices regaining typical premium over Singapore as refiners take action.
Pakistan's biggest supplier to import 380 cst 60-80% of ships visiting Pakistan are looking to bunker 380 cst, says local supplier Faisal Marine Oil Services.
Canada: Bunker fuel leak in Halifax harbour Clean-up operations managed to contain oil spill that leaked in the harbour on Saturday morning.
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