Babcock & Brown eyes Europe airports, sea ports BABCOCK & Brown Ltd, Australia's second-largest investment bank, may buy European airports and sea ports as it seeks more profitable deals beyond its home market.
Crude oil shipping rates may fall for 2nd week THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers may fall for a second consecutive week as oil companies and traders finish booking vessels for July.
Ezra Hldgs to double its fleet by Dec 2007 EZRA Holdings Ltd, which operates anchor handling vessels that support the offshore oil industry, will double the size of its fleet by December 2007, its managing director said.
No plan to sell preferred stock, says Hyundai Merchant
Lake Maracaibo reopens after tanker grounding
Admiralty Casebook
Insurers not liable for shipowners' loss when there is breach of warranty THE Singapore High Court recently upheld a marine insurer's claim for reimbursement of salvage expenses, ruling that the policy holder had breached a warranty that restricted the departure of the insured vessels from the harbour based on weather forecasts.
Babcock & Brown eyes Europe airports, sea ports BABCOCK & Brown Ltd, Australia's second-largest investment bank, may buy European airports and sea ports as it seeks more profitable deals beyond its home market.
Crude oil shipping rates may fall for 2nd week THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers may fall for a second consecutive week as oil companies and traders finish booking vessels for July.
Ezra Hldgs to double its fleet by Dec 2007 EZRA Holdings Ltd, which operates anchor handling vessels that support the offshore oil industry, will double the size of its fleet by December 2007, its managing director said.
No plan to sell preferred stock, says Hyundai Merchant
Lake Maracaibo reopens after tanker grounding
Admiralty Casebook
Insurers not liable for shipowners' loss when there is breach of warranty THE Singapore High Court recently upheld a marine insurer's claim for reimbursement of salvage expenses, ruling that the policy holder had breached a warranty that restricted the departure of the insured vessels from the harbour based on weather forecasts.
Cargo boom prompts box capacity crisis CONTAINER lines could find themselves short of tonnage later this year as they struggle to handle an unprecedented volume of cargo being shipped from Asia to Europe.
Staying one step ahead with 'clever' box security WORRIED about the continuing threat of a container-borne terrorist attack, shippers and IT companies have launched a Brussels-based body to introduce new standards for box security.
Hyundai Fortune feeds insurance claims frenzy MORE than 50 underwriters have instructed law firm Clyde & Co to represent their interests in the cargo which was stowed on the Hyundai Fortune, the huge containership that was severely damaged by explosion and fire off Aden in March.
Grounded boxship refloat latest BAD weather delayed the arrival in East London, South Africa, of the salvage tug Smit Amandla and the first attempt to pull the grounded container ship Safmarine Agulhas will now take place on this afternoon's high tide at 1800 local time
Grimaldi Naples ups Finnlines stake GRIMALDI Naples, the Italian ro-ro operator that has gradually built up its holding in Finnlines, has doubled its stake to 30.5% of the shares and votes
Leaking tanker too unsafe to move KEPPEL Batangas Shipyard has claimed it has no responsibility for any environmental damage that might be caused by the sinking of the non-propelled barge Billy Star
Paraguay questions Mercosur status PARAGUAY has followed Uruguay in threatening to leave the Mercosur trade bloc
Bangla confirms two casualties BANGLADESH authorities have recovered the bodies of two seafarers missing from the burnt 14,541-dwt tanker Banglar Shourabh
GE Shipping demerger goes ahead INDIAN government-owned oil explorer ONGC has finally approved the proposed de-merger of Great Eastern Shipping Co, and the process is now able to go ahead
LA-Long Beach unveils clean-air plan U.S. container gateway will use tariffs, leases and financial incentives to cut diesel ship and truck emissions in half by 2010.
Charter owner Costamare orders post-panamax ships
New group to set box anti-terror standards
Congress sends Coast Guard bill to White House
Waterways Council 'pleased' with Corps funding
Background checks planned for Canadian port workers
Maersk reshuffle aimed at finding Søderberg's successor AP Moller - Maersk has announced an expansion of its senior management team just a day after issuing a profit warning that the company's net income will be 40% below 2005 levels.
Nansha to start building phase III next year China's Nansha port will start building the six berths in its Phase III project right after the completion of phase II in September 2007.
CONCOR deals with JNP delays
CMA CGM's big day cannot mask industry's rate concerns
Breakdown forces Sofrana shuffle
CSG President Li Shaode named Chairman of CSCL
Carriers changing Australian agency arrangements
Hanjin Shipping to establish Colombo joint venture
WW threatens to pull out of Norway Norwegian owner/operator Wilh. Wilhelmsen (WW) is now threatening to pull the remainder of the fleet and the land-based ...
Grimaldi increases its ownership in Finnlines Companies within Grimaldi Group now own 30.5 per cent of Finnlines Plc. Last February Grimaldi increased its ownership to 15 ...
Crime lab to investigate "Estonia" film coverage The Swedish government has ordered the Swedish National Laboratory of Forensic Science, SKL, to examine all photo and film material ...
Lake Charles remains closed Coast Guard not putting a date on reopening as clean up continues.
LA, Long Beach: 0.2% distillate fuel mandatory by end of 2006 Implementation to proceed rapidly but will depend on new leases and marine gasoil availability.
Rosneft acquires Russian Far East oil port Russian state oil company finalises deal to acquire the largest specialist commercial seaport on Russia's Pacific coast, including bunkering station.
St. Petersburg port to close for G8 summit The port will be closed to sea traffic for five days.
Russian oil export duties to rise from August Higher crude oil prices to push Russian oil and oil product export duties to fresh record highs.
Singapore residual stocks lower, sharp build in distillates
Rotterdam barge trade offers rise above Antwerp
Hong Kong bunker players set July term barrel premiums Bunker players set premiums of $16-19 pmt over MOPS 380 cst assessments for July term bunker barrels.
Singapore: Active bunkering market lifts oil imports Active oil trading market and marine bunkering lifted oil imports by 11% last year.
Malaysia's anti-piracy agency commences operations Launched in November 2005, the Malaysian Maritime Enforcement Agency started operations last week.
Singapore market firms along with crude Demand picks up ahead of the weekend, berth congestion persists at oil terminals.
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