Marine Electronic Highway project set to take off THE long awaited Marine Electronic Highway project looks set to finally move into first gear following the signing of a US$6.86 million grant agreement between the Global Environment Facility /World Bank and the International Maritime Organisation .
Chemical spill threatens Keppel Batangas yard KEPPEL Batangas Shipyard is facing a potentially toxic chemical mishap after a barge loaded with 1,250 tonnes of highly toxic sulphuric acid sank while docked at its pier last Saturday.
China Cosco to buy 8 ships CHINA Cosco Holdings Co, owner of China's second-largest container shipping line, placed a US$516.8 million order for eight new cargo ships, as rising trade boosts demand for sea freight.
MISC orders 4 tankers from STX
Pirates shoot at master
Strait Talk
Boxship blues THE current slide towards significant overcapacity in the container shipping sector is of course a headache for liner shipping executives who may have been lulled into false optimism by the comparatively strong market over the past couple of years.
Marine Electronic Highway project set to take off THE long awaited Marine Electronic Highway project looks set to finally move into first gear following the signing of a US$6.86 million grant agreement between the Global Environment Facility /World Bank and the International Maritime Organisation .
Chemical spill threatens Keppel Batangas yard KEPPEL Batangas Shipyard is facing a potentially toxic chemical mishap after a barge loaded with 1,250 tonnes of highly toxic sulphuric acid sank while docked at its pier last Saturday.
China Cosco to buy 8 ships CHINA Cosco Holdings Co, owner of China's second-largest container shipping line, placed a US$516.8 million order for eight new cargo ships, as rising trade boosts demand for sea freight.
MISC orders 4 tankers from STX
Pirates shoot at master
Strait Talk
Boxship blues THE current slide towards significant overcapacity in the container shipping sector is of course a headache for liner shipping executives who may have been lulled into false optimism by the comparatively strong market over the past couple of years.
Maersk shares slump on profits warning DANISH shipping giant AP Moller-Maersk shocked investors yesterday with a profit warning after admitting that its container business was under-performing.
Japan may go it alone with oil pollution fund JAPAN is considering establishing its own marine oil pollution fund in a move which could have serious implications for the existing international regime, writes Tony Gray.
Bumper Wallem valuation reflects 'price of goodwill' THE two investors that purchased Wallem earlier this year may have paid over US$85m for the Hong Kong shipmanager, it has now emerged.
American Club spells out extent of deficit LEADERS of the American P&I Club have spelt out the scale of the deficit that led to a ratings downgrade earlier in the year, while insisting that the finances of the mutual are robust thanks to strong cash flow.
Hit-and-run charge denied CHINA Navigation has denied that one of its ships fled the scene after a collision with the People's Liberation Army patrol boat in the waters off Zhuhai last week
Aus to re-start wheat exports to India AWB has resolved quarantine issues on wheat exports to India, and will re-start shipments
Four stowaways, two dead, in Miami-bound box FOUR stowaways ' two alive and two dead ' were found in a container yesterday (26 June) aboard the Panamanian flagged Seaboard Trader, which was en route to Miami
Baltic yard says book not as bad as it looks ST Petersburg shipyard Baltic Plant claims it has a newbuild orderbook loaded until 2009 and that financials not as bad as they look, despite a steep drop in 2005 revenues
International Shipholding leaves New Orleans INTERNATIONAL Shipholding, founded in New Orleans and based there for 50 years, is moving to Mobile, Alabama, because of constraints remaining after Hurricane Katrina
Icelandic owner heads for tropics ICELANDIC shipping group Samskip has opened two offices in Brazil, its first in South America, aimed at the refrigerated fruit and vegetable trade
Maersk cuts profit outlook for 2006 Parent of world's largest container line says profit will fall by 40 percent from $3.5 billion in 2005, revising earlier forecast of 10-15 percent drop.
China shippers urge Macau to scrap surcharge Shippers in the Greater China region agreed at the first Cross-Strait Shippers' Associations Meeting that the Macau Operation Charge is unfair in its nature and must be abolished.
Jurong to make first investment in China Jurong Port, Singapore's second-largest container port operator, will soon be making its first major investment in China, according to a government official.
Unions up the ante in Santos
COSCON orders eight boxships
Chennai feeder operators impose surcharge
Houston in the market for electricity but cautious on shore power
'Smoke' rises over Petersburg bridge weight limits, but fire not yet visible
Coastal Express "Fram" on Greenland cruises The new cruise vessel being built by Fincantieri in Trieste for the Norwegian Coastal Express (Hurtigruten Group) and named "Fram ...
Imperial sole owner of SOL Navalmar Transportes Maritimos sells its share of Svenska Orient Linien to Imperial Shipping, which becomes the sole owner of SOL ...
New California port emissions plan signals historic cooperation Los Angeles and Long Beach announcing 'hundreds of millions of dollars' to reduce pollution in a new joint effort.
'Unsatisfactory' Maersk result blames bunkers Fuel costs fingered for contributing to revised profit forecast for shipping giant.
Houston Port confirms emissions plans Port authority studying new technologies and cleaner fuels, but on-road emissions will be first target.
Association claims progress for Russian bunker market Russian bunker association approves major principles for a code of ethics and establishment of supplier register.
UAE: Oil boom requirement coming into force Oil booms will be mandatory for bunkering and oil cargo operations in ports under the Sharjah Port Authority.
Football fever interrupts play at Petrobras again Brazilian bunker supplier's office takes a break during World Cup game.
Rotterdam tracking higher crude
Hong Kong to face tight supplies in July Bunker supplies expected to be tight during the first half of July due to a drop in fuel oil cargo arrivals.
Singapore bunker suppliers report tight avails Congestion noted at the terminals while bunker demand subsides on firmer prices.
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