Time to close the piracy gap WHEN senior maritime representatives of 14 Asian nations - including land-locked Laos - meet in Singapore today to officially launch the world's first intergovernmental anti-piracy body, two key seats were conspicuously, and sadly, empty - those reserved for Malaysia and Indonesia.
Diplomat Yoshiaki Ito to head ISC THE new regional anti-piracy body aimed at information sharing, analysis and capacity building among its 14 member states will see Japanese diplomat Yoshiaki Ito appointed today to head the Singapore-based Information Sharing Centre .
Frontline Q3 net income rises 34% but misses estimates FRONTLINE Ltd, the world's second-largest oil-tanker operator, posted an increase in third-quarter profit that missed analyst estimates as more vessels were put in for repair, and forecast a 'weaker' fourth quarter.
DP World expects final bids within two weeks
Strait Talk
The cost of having a policeman onboard is less than inaction CRITICS of the open register system, who of course talk about 'flags of convenience', may say it has taken a long time but most major flag states are now pretty good at what they do.
Time to close the piracy gap WHEN senior maritime representatives of 14 Asian nations - including land-locked Laos - meet in Singapore today to officially launch the world's first intergovernmental anti-piracy body, two key seats were conspicuously, and sadly, empty - those reserved for Malaysia and Indonesia.
Diplomat Yoshiaki Ito to head ISC THE new regional anti-piracy body aimed at information sharing, analysis and capacity building among its 14 member states will see Japanese diplomat Yoshiaki Ito appointed today to head the Singapore-based Information Sharing Centre .
Frontline Q3 net income rises 34% but misses estimates FRONTLINE Ltd, the world's second-largest oil-tanker operator, posted an increase in third-quarter profit that missed analyst estimates as more vessels were put in for repair, and forecast a 'weaker' fourth quarter.
DP World expects final bids within two weeks
Strait Talk
The cost of having a policeman onboard is less than inaction CRITICS of the open register system, who of course talk about 'flags of convenience', may say it has taken a long time but most major flag states are now pretty good at what they do.
Frontline profit slide hits tanker shares Tanker shares tumbled yesterday after Frontline turned in third quarter profits which failed to live up to market expectations, and warned that rates in the final three months were running at almost half that of last year.
Maritime policy: over to you BRUSSELS has appealed for anyone with an interest in Europe's proposed integrated maritime policy to contribute to the consultation process over the next six months, writes Julian Bray.
Hanjin says Park will be boss HANJIN Shipping, the world's seventh largest shipping company, said that it would not be taken over by the elder brother of chairman Cho Soo-ho who died on Sunday after a long battle with cancer, writes Mike Grinter in Hong Kong.
Egypt plans $1bn expansion of Suez Canal EGYPT is planning to spend $1bn to expand the Suez Canal by 2010, but analysts are questioning the economic viability of this grand project.
Anti-US Correa wins in Ecuador RAFAEL Correa, an ally of anti-US president of Venezuela Hugo Chavez, has won the presidency of Ecuador, defeating banana tycoon Alvaro Noboa, by a clear margin
Ship Finance slips on rate swaps SHIP Finance International recorded a fall in net profit to $45.7M in 3Q06 from $65.2M in 3Q05 after it suffered a $16.4M loss from interest rate swaps
Chikara signs for trimaran order FIVE European shipyards are said to be in talks regarding an order for high speed trimaran ro-ro vessels planned to operate from a hub at Boulogne, France
Mystery bidder targets DS Torm DS Torm's shares were much in demand in Copenhagen today after its largest shareholder received an unsolicited bid
ABS sends Sember to Europe AMERICAN Bureau of Shipping has appointed William Sember, currently VP responsible for energy development, as head of ABS Europe
Hapag-Lloyd to hike rates, cut capacity The container carrier will seek a general rate increase on U.S. routes, and also will reduce capacity on North American services in 2007.
DP World expects final U.S. bids
U.S. moves up passport deadline for border truckers
Pacific peak season ends with bump as Maersk slashes 10% of its capacity and slows rotation with extra port calls Maersk has cut two loops, which account for 10% of its transpacific capacity, and added some port calls to remaining services on the trade.
Brazilian shipper group carries out court threat
Gas explosion blocks Indonesian toll road
APM Terminals expanding, but not at any price
Jakarta to review terminal handling charge in December
Pressure returns for Melbourne deepening
News analysis: Call for Russian investors to unblock St Petersburg and NW Russia
Kolkata Port Trust wants a single port tariff to iron out market distortions
Hapag-Lloyd to raise transatlantic rates
Vladivostok to expand port and inland container capacity
'Yes' Maritrans shareholders give OK to $455m acquisition by Overseas Shipholding Group, forming largest player in US Jones Act trade.
'Alarm' bells for FRO Analyst worried by spiraling overhead as US investors join their Norwegian counterparts in deflating Frontline's share price.
Swaps loss hits SFI Frontline linked shipowner manages to increase dividend despite money market play taking a bite out of profit.
Torm in play? Takeover speculation gives share price of Danish tanker owner a boost in a falling market.
Heerema has heavy designs Dutch heavy-lift specialist prepares $1bn order in Far East for massive crane vessel.
Owners eye Turku business Finnish port in talks over passenger service to Estonia.
NYK signs decade-long deal Japanese shipowner to carry millions of tonnes of iron ore for China's Maanshan.
Ships collide off Japan Small oil leak reported after Japanese tanker and South Korean cargo vessel bump in Inland Sea.
Frontline's share struggles Investors punish top tanker owner over $20m of missing profit and fears of weaker outlook.
Baltija in profit AP Moller-Maersk yard aiming to top last year's revenue figure after posting positive earnings in first nine months.
Army surplus for Master Ferries Norwegian ferry owner snaps up ex-US military ship for upgrade at Incat in Australia.
Imarex in the clear Robust third quarter for Norwegian derivatives broker after merger with compatriot clearing house NOS.
Another Batam yard? Indonesian consortium will spend $250m on facility to build VLCCs.
LSC fined over slick Insurance cash to cover costly oil spill off France from Lithuanian bulker.
ITF chases crew cash Federation threatens to detain Norfolkline-chartered ro-ro in dispute over pay to eastern European crew members.
Varun confirms aframax buy Indian owner remains mum on purchase price and details of deal with Qatar Shipping for 2006-built unit.
Frontline's profits rise Strong freight rates in third quarter help lift results at VLCC and suezmax tanker operator, but not enough to prevent share price sliding.
L&T trimming the fat Indian group ditching smaller subsidiaries to focus on shipbuilding push.
AWS adds second boxship UK company wins technical management deal for Runciman feedership chartered to CMA CGM.
Excel fixes Rodon US-listed Greek dry-bulk player finds fresh employment for thirteen year-old panamax bulker.
Stena's volumes increase European ferry operator said freight volumes rose 2% overall in the first nine months of 2006.
Maersk grabs bumper stems San Francisco reaping benefits from lower prices.
Portland resupply delayed by weather Columbia Bar conditions hampering barge cargoes leading to tightening avails.
Puzzlement as 'Global SECA' idea gains momentum The concept of a low global sulphur limit for shipping fuel has been discussed, and dismissed, at the IMO in the past.
New trader at Malik November brings staff changes at Danish bunkering company.
BP Marine outlines further Salalah expansion After a strong first year, supplier anticipating increased bunker volumes at what is now one its busiest ports.
Q3 profits triple at IMAREX on 71% increase in trade Singapore accounts for half of all IMAREX bunker fuel oil trades in the period.
Rotterdam market stable Tuesday morning
Bunkers available in Mumbai, HPCL claims Bunkering suspension should be resolved soon, Hindustan Petroleum Corp still supplying.
Prices soften as avails show signs of recovery South Korean bunker prices plunge as bunker fuel shortage looks set to ease next month.
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