Orders for oil tankers surge ahead of new design rules SHIPOWNERS are rushing to order oil tankers from yards including South Korea's Hyundai Heavy Industries Co before stricter design rules come into force on April 1.
Education of shipowners key to growth of freight futures THE emerging derivatives market for shipping freight rates may struggle to match industry hopes for exponential growth as long as small- and medium-sized shipowners remain reluctant to manage future risks.
US working to station own inspectors at Bahamas port THE Bush administration will negotiate to station American customs inspectors at the largest seaport in the Bahamas, where the United States is hiring a Hong Kong conglomerate to help detect nuclear materials inside cargo, a senior customs official said Monday.
US urges Japan to sign screening pact
China oil carrier's H2 profit up 13% at 1.1b yuan
Strait Talk
Stopping illegal dumping at sea SOMETIMES, it is a cruel and wicked world and no doubt there will be some in this industry who will have had trouble suppressing a gloating smile when Sweden's Wallenius of all people, or at least its Singapore-based subsidiary, pleaded guilty to a pollution offence in the US.
Orders for oil tankers surge ahead of new design rules SHIPOWNERS are rushing to order oil tankers from yards including South Korea's Hyundai Heavy Industries Co before stricter design rules come into force on April 1.
Education of shipowners key to growth of freight futures THE emerging derivatives market for shipping freight rates may struggle to match industry hopes for exponential growth as long as small- and medium-sized shipowners remain reluctant to manage future risks.
US working to station own inspectors at Bahamas port THE Bush administration will negotiate to station American customs inspectors at the largest seaport in the Bahamas, where the United States is hiring a Hong Kong conglomerate to help detect nuclear materials inside cargo, a senior customs official said Monday.
US urges Japan to sign screening pact
China oil carrier's H2 profit up 13% at 1.1b yuan
Strait Talk
Stopping illegal dumping at sea SOMETIMES, it is a cruel and wicked world and no doubt there will be some in this industry who will have had trouble suppressing a gloating smile when Sweden's Wallenius of all people, or at least its Singapore-based subsidiary, pleaded guilty to a pollution offence in the US.
Fortune fireworks theory query EXPLOSIONS that ripped apart the Hyundai Fortunelast week were so powerful that the original theory of fireworks catching alight is being discounted in some circles, write Janet Porter and James Brewer.
IACS takes fight to Greeks on common structural rules THE International Association of Classification Societies has pulled no punches in rebutting allegations levelled at its new Common Structural Rules by the Union of Greek Shipowners.
PGS board to demerge floating production into new Petrojarl PETROLEUM Geo-Services' board of directors has approved plans to demerge the floating production business into a new entity, Petrojarl ASA .
Carnival $34m Star Princess bill CRUISE giant Carnival anticipates being hit with a $34m bill for repairs and cancelled cruises following the fire aboard Star Princess last week.
EC green light for Aker-Alstom THE European Commission has given its approval to the takeover of Alstom Marine by the Norwegian shipbuilding group Aker Yards
Carnival takes $40M cruise fire hit CARNIVAL Corp will take a $33.5M-$41.9M charge in its second quarter and full-year results as a result of the Star Princess fire
Lines drive WCSA rates lower CHINA Shipping has joined 'K' Line and MOL on the Asia-West Coast South America liner trade as operators attempt to attract P&O Nedlloyd's customers away from Maersk
Norovirus outbreaks surging SIX more suspected norovirus outbreaks have been logged aboard cruise vessels this month alone: last year's lull in shipboard illness is clearly over
Engine failure grounds casino boat A CASINO boat operating out of South Florida was the latest passenger vessel to have problems last night when the SunCruz I grounded following an engine failure
Barbados bags hull haul POLICE, Customs and maritime authorities in Barbados have seized $250,000 worth of marijuana in metal containers fixed to the hull of a ship that arrived from Jamaica
Sanborn Marad nomination withdrawn The apppointment of the DP World executive was blocked in the Senate during the storm over Dubai's failed deal to acquire U.S. terminals.
GAO: Better radioactive checks needed at border
APM's Pier 400 gets crane OCR
New industrial park planned for Port of Houston
EU threatens Russia WTO veto over airline tax
Customs Update: An egg by any other name...
DHL appoints Brewer
Evergreen, OOCL, Yang Ming to launch Vietnam service
Zim plans raft of transpac changes Zim is planning a raft of transpacific changes, including new joint services.
Jakarta aims for private investment in ports Indonesia's House of Representatives (DPR) is revising the law of shipping, which also governs port businesses, to promote private port investment.
ABP shares jump following takeover approach notice
EMC, OOCL and YML enter into joint Vietnam service
Concor customers rail against rate rises
OnePort relents on e-receipt deadline
Chittagong FICCI opposes mayor over New Mooring privatisation
China-India Express by HMM and Heung-A starts sailing
Chu Kong Shipping's 2005 operating profit falls 9%
Diana buys manager New York-listed Diana Shipping pays $20m to buy private fleet manager under control of its principal, Simeon Palios.
Surf's up Euroseas Ltd continues riding wave toward public listing with acquisition of surfer-gear shell company Cove Apparel Inc.
TT Club races ahead Liner shipping mutual insurer reports healthy surplus and strong growth in ports and terminal business.
DryShips buying again George Economou's public bulker company wastes no time in adding first unit since renegotiating $700m credit package last week.
More twistlocks recalled Container stack collapse fears lead to German Lashing product recall but company stays silent.
Carnival passengers left high and dry Six passengers on a Carnival Caribbean cruise were offloaded in Nassau for what the company alleges was 'aggressive and abusive' behaviour.
Fireworks theory scorched Top liner shipping insurer TT Club doubts Roman candles could have caused devastating Hyundai Fortune blaze.
Pirates target tanker in Red Sea Tanker attack in the Red Sea adds credence to the International Maritime Organisation (IMO)'s call for unity in the fight against piracy.
Navmed chases fast ferry UK company wants US city of Rochester's loss-making Spirit of Ontario.
CSG rides Chinese dragon China Shipping Group (CSG) subsidiary China Shipping Development Co (CSDC) continues to grow on the back of a booming Chinese economy.
Huge payout for ferry victim New Yorker who lost legs in Staten Island tragedy receives second-biggest settlement in city's history.
NYK invests in Vietnam Japanese giant NYK Line looks to invest in Vietnam with the purchase of vessels and port infrastructure development.
Aker gets green light European Commission clears the way for Norwegian shipbuilding group to takeover Alstom yards.
Calyon in Libyan deal French bank to support national energy shipping ambitions with loan to buy Chartworld aframaxes.
Affin offloads MMM Malaysian merchant bank disposes of 4.5% stake in domestic shipowner.
PGS to split Norwegian owner to list its FPSO and offshore shipping businesses separately.
Gdansk deadline passes Single expression of interest for Polish shipyard lodged ' but who is the potential buyer?
CKS speeds to profit Hong Kong catamaran owner Chu Kong Shipping Development Co (CKS) turns a profit in 2005.
Mercury struck by norovirus Over 130 passengers and crew fall sick aboard Celebrity Cruises ship during Mexican vacation.
B+H launches share offer Shipowner to sell up to 20,000 shares to non-US investors to meet Oslo listing requirements.
Handymax wins better rate IPO wannabe Omega Navigation has bettered charter terms on one of its handymax bulkers.
Belize goes white The Belize flag state has won a feather in its cap from the US Coast Guard (USCG).
Norwegian yards could strike from Saturday Work at Norwegian yards and at major construction sites like Melkøya by Hammerfest and Ormen Lange shore terminal at Aukra ...
Considers bid for Associated British Ports An international consortia lead by the American investment bank Goldman Sachs is considering a bid for UK's leading port operator ...
Aker Yards/Alstom deal gets EC OK Aker Yard's proposal to take 75 per cent in a new company consisting of Alstom Marine shipyards in Saint Nazaire ...
Still work to do after tragic B.C. ferry sinking Fuel containment efforts and investigations continue, options considered.
Antwerp cements its role in ARA and Europe Rotterdam reigns supreme as Europe's biggest port and bunkering centre, but Antwerp is laying claim to growing volumes.
Rotterdam: New general manager in place
Antwerp trade offers above Rotterdam market at midday
Authorities blame mystery bunker spill for bird deaths No spills reported in Russia or Japan, but a Coastguard spokesman has said that with poaching rampant in the area, even if a refueling ship had leaked oil, it would not make a report to Russian authorities.
Its time for Antwerp! Bunker conference registrations closing for next week's inaugural ARACON event.
Saudi Arabia expected to generate $160 billion in oil revenues Economists forecast record oil revenues for the kingdom in 2006.
Huge Asian arb arrivals could flip market into bearish mode Traders fear heavy April arrivals of western fuel oil could quickly shift dynamics to bearish market.
Singapore: Premiums high on prompt dates Prompt deliveries this week are difficult to fulfill as suppliers look to early next week.
Aegean secures Singapore bunkering license Aegean is the first new company to secure a bunker supplier licence in Singapore since May 2003.
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