Move for permanent ASF office makes headway THE voice of Asian shipping is set to become clearer as moves to establish a permanent office for the Asian Shipowners' Forum are taking shape and Singapore may be selected as its home, according to a source.
Westports M'sia hits 3m-TEU mark WESTPORTS Malaysia became the first port in Port Klang to hit three million TEUs on Friday and is on track to achieve a total container throughput of 3.7 million TEUs for this year.
Blockade halts Bangladesh port activity OPERATIONS at Bangladesh's main port of Chittagong have ground to a halt after opposition party supporters blocked access to the site as the country's political crisis grows.
Shipping faces call for carbon pricing CARBON pricing should be extended to the shipping industry, according to a major review of climate change issues released in the UK yesterday.
Share options on offer to secure ship crew loyalty SHIP managers faced with a shortage of senior officers are considering giving share options to seafarers as a way to increase loyalty.
Estelle Maersk debut delayed by propeller shaft failure THE introduction of Maersk's second containership behemoth - a sister vessel to the 11,000 teu Emma Maersk - has been postponed by at least a fortnight after a propeller shaft failure during sea trials, writes Ralf Witthohn .
Lines win shipper support over post-conference regime CONTAINER lines have produced a trump card in discussions with Brussels over what should replace conferences, with some powerful shippers supporting key elements of their campaign.
Valero funds terminal expansions US refining powerhouse Valero is pushing ahead with its $250M global terminal expansion programme
Equity sale nets Varun $51M VARUN Shipping, India's largest owner of LPG vessels by tonnage, has raised Rs2.33Bn ($51M) at Rs75 per share to expand its fleet
Energy projects stretch shipping capacity Record number of projects are being built, but capacity to meet the demand is in such short supply that projects will face long delays, says Fluor executive.
"Shocking" reliability statistics must be addressed, say shippers Results from Drewry Shipping Consultants' second schedule reliability survey show that 45% of container shipping vessels fail to arrive at their designated destinations on time.
Political unrest worsens Chittagong congestion A programme of economic blockades by an alliance of 14 Bangladeshi parties has aggravated congestion, with thousands of containers stacking up at Chittagong.
Smuggled Spanish MBM leaves Indonesia
Rokia Delmas cargo salvage to start Thursday
New Panama Canal tolls to be revealed this week
Estelle Maersk fault being repaired at Aarhus
Keep traffic on the "Via Donau" flowing, urges River Danube promoter
Bulker chain reaction High winds caused a three-vessel collision at Vancouver yesterday.
Horizon outperforms Horizon Lines' share has more than made up for losses after a mistaken Reuters take on its quarterly results.
Fighting 'for shareholders' Embattled Stolt-Nielsen says it is fighting its fight for the sake of shareholders, not to keep top executives out of jail.
Varun to go convertible Yudhishthir Khatau-led Varun Shipping wants to spend $445m on ship acquisitions despite its aborted IPO.
Supreme Court 'no' to Stolt The US Supreme Court has again turned down Stolt-Nielsen's attempt to stop antitrust prosecution.
$78 or $52? Investors are set to make a killing, or lose their hats, on OSG's stock depending on the analyst.
Marsh steps ashore Top broker to sell its European megayacht insurance operation.
Zim goes private Israeli boxship line raises $114m from bonds offered only to institutional investors.
CMA CGM plugs into Big Blue French liner group in 50:50 joint venture, but not with who you may be thinking of.
Two more for Navios But high finance costs continue to eat into profits, despite FFA success.
TBS bulks up again Another handymax purchase for $16m takes Nasdaq-listed owner's fleet up to 34 units.
Costa Crociere victorious A six-year-long arbitration dispute involving former shipbuilder Cammell Laird has ended favourably for cruise line.
CSAV losses grow Chilean containership operator spills more red ink on nine-month accounts.
Tallink profits leap 200% Whirlwind year of expansion transforms ferry operator's numbers, amid predictions earnings will further double in 2006/7.
Tanker 'stolen' off Oman Ship crews asked to be alert for stolen chemical tanker with crew attempting to sell cargo and make for South Korea.
Cosco Corp keeps building Another strong quarter from yard and owner Cosco Corp (Singapore) as shiprepair contracts keep piling up.
Standard to lift rates 5% P&I club reverts to routine premium hike after highly differentiated renewal strategy last year.
CSG lines up VLCC quartet Chinese owner will lift big tanker fleet to 12 with order at domestic shipbuilder CSSC.
Full marks for Limarko Lithuanian reefer owner bringing in more revenue this year, while making tidy profit.
Horizon underperforms $40m saving from tonnage tax overshadows poor result for Jones Act liner operator.
FVH in at Gdansk Italian oil and gas group snapping up 20% stake in Polish shipyard, clearing debt to government.
Shreyas switches focus Indian boxship operator wants to broaden scope with more logistics revenue as second quarter profit dips.
GE funds offshore push India's Great Eastern is pumping INR 2.5bn into its Greatship unit to pay for 10 new vessels.
Taiwan Navigation still down Bulker and tanker owner's profit this year remains below 2005's, as revenues fall.
Poten plays down OPEC impact Broker says talk of fall in tanker demand in wake of oil cartel's planned production cuts are "overstated".
Shtokman development postponed for two years Development of the world's biggest offshore natural gas field, Russian Shtokman in the Barents Sea, has been postponed for two ...
Color Line negotiates on new ferry terminal Norway's biggest international ferry operator - Color Line - continues to negotiate on the price to move from the current centre of ...
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