NOL to grow network of terminals, may expand to Europe NEPTUNE Orient Lines is aiming to expand its network of nine terminals, including the possible establishment of terminals in Europe, after it recently announced its first China facility in Qingdao.
Q3 profit of Msia's MISC jumps to RM944.5m MALAYSIA's MISC Bhd, the world's biggest owner of liquefied natural gas tankers, said third-quarter profit rose helped by ship sales and demand for oil and gas facilities.
Sea freight futures seen growing to US$150b in 5 years THE global sea freight derivatives market could grow to around US$150 billion in the next three to five years, but issues over transparency and liquidity continue to frustrate expansion, market participants say.
Admiralty Casebook
Fire-fighting system on ship rendered virtually useless A SINGAPORE-flagged vessel had its Halon 1301 fixed fire extinguishing system rendered virtually useless during an engine room fire two years ago because the fire had prevented the crew from shutting off the ventilation opening to the engine room.
NOL to grow network of terminals, may expand to Europe NEPTUNE Orient Lines is aiming to expand its network of nine terminals, including the possible establishment of terminals in Europe, after it recently announced its first China facility in Qingdao.
Q3 profit of Msia's MISC jumps to RM944.5m MALAYSIA's MISC Bhd, the world's biggest owner of liquefied natural gas tankers, said third-quarter profit rose helped by ship sales and demand for oil and gas facilities.
Sea freight futures seen growing to US$150b in 5 years THE global sea freight derivatives market could grow to around US$150 billion in the next three to five years, but issues over transparency and liquidity continue to frustrate expansion, market participants say.
Admiralty Casebook
Fire-fighting system on ship rendered virtually useless A SINGAPORE-flagged vessel had its Halon 1301 fixed fire extinguishing system rendered virtually useless during an engine room fire two years ago because the fire had prevented the crew from shutting off the ventilation opening to the engine room.
Greeks splurge on capesize newbuilds GREEK owners close to finalising a $1bn binge of capesize newbuilding orders.
Survey points to Greek flag recovery
Report sparks off heated debate at Erika trial CIVIL claimant and defence lawyers trade blows after report shows BP declined to approve vessel for its use.
Golar eyes logistics spin-off JOHN Fredriksen's company is considering spinning off its logistic investments and projects into a separate company.
Indonesia targets lax ferry safety JAKARTA 01 March ' Indonesia's president, Susilo Bambang Yudhoyono, has warned ferry operators there will be stricter penalties for lax safety practices
NEMO ' the new French weapon CMA CGM Australia's apparently premature 'new service' announcement has left New Zealand service partners shell-shocked and apparently even surprised the Line's HQ
Golden Ocean upbeat on more Chinese growth FREDRIKSEN-controlled dry bulk shipping venture Golden Ocean has reported a 2006 profit less than that of 2005, but retains an optimistic outlook based on growth in China
MCA takes on new SAR helicopters THE UK's Maritime & Coastguard Agency is upgrading its search and rescue operations by taking delivery of new S-92 Sikorsky helicopters
Fish 'n ships talks 'positive' THE strong feelings of the Shetland Islands' fish industry about NorthLink Ferries following last week's delays have been eased after talks between the two parties
California to get new container fee bill Activist politician Lowenthal plans to re-introduce a bill calling for a $30 per-box fee to help pay for pollution-reducing measures in California.
Senate rejects scan-all container proposal
Matson, J.B. Hunt partner on guaranteed China services
Interview: CMA CGM expects to earn back cost of Cheng Lie acquisition in five to six years CMA CGM, which offered to acquire Taiwan's Cheng Lie Navigation (CNC) yesterday, is confident of recovering its $T5.2bn (US$158m) investment and profiting from the business within five to six years.
Only Macquarie and Hochtief left on HHLA stake shortlist The Hamburg Senate confirmed today that 49.9% of HHLA would go to either Macquarie or Hochtief, following exclusion of the other pretenders, although the IPO option is still open.
Smit Rotterdam harbour towage strike continues past initial 24 hours
APMM's Odense yard tried to secure orders from Maersk competitors
US House passes bill on foreign takeover vetting
Hamburg Sud's Trident goes weekly
China Shipping suspends share trading for multi-modal co-operation announcement
Slow volume growth holds back Jakarta port investment
HMM and Heung-A to add Colombo to CIX service
AAL revises Asia-Australia services
Bangladesh adviser regime decides on New Mooring privatisation
Maersk moots direct calls at projected Cai Mep deepwater port
Why TK is more than OK Veteran analyst says Teekay Shipping -- or is it Teekay Corp? -- has left behind its former peers in the tanker sector and deserves to be treated better.
Norwegian chemcarrier leaks fuel oil in Elbe Norwegian Anders Utkilen chemical tanker Fostraum, 2,900 DWT and built 1991, leaked fuel oil into the River Elbe at Butzfleth ...
Sharp increase in pay-outs from Swedish morgage bank The Swedish Ship Mortgage Bank paid out SEK 1,790 million (EUR 193 million) in new loans last year, up by ...
Better for Birka Line in 2006 The turnover of Birka Line Abp was EUR 94.70 million in 2006 compared to 115.46 million in the previous year ...
Bunker spill clean up underway Agencies swinging into operation after Puget Sound accident yesterday.
Marketing manager moves on Lubeoil Manager and Bunker Trader at Turkish company resigns.
2006 a 'momentous year' for Aegean Q4 and annual results show growth in the year Aegean bagged $185.2 from IPO to continue expansion.
Singapore: Stocks of residual fuels down, distillates up
ARA market firms further
Court doubles bill for diesel spill New Zealand-based firm ordered to cover costs of cleanup works resulting from a diesel spill in 2005.
New bunker firm starts in Australia Independent bunker trading firm has established an office in Sydney this year.
High bunker costs cut STX Pan Ocean profit Singapore-listed bulker owner blames high bunker costs and losses in derivatives trading for its 2006 profit cut.
Crude up after US inventory report Oil prices up slightly after US inventory data and Iran's intention to continue pursuing its nuclear research.
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