China's Titan Petrochem plans spot contracts market Titan Petrochemical Group Ltd, China's largest oil-supertanker owner, plans to set up a market to trade spot petrochemical contracts in the country's south this year, said the head of Guangzhou Huanan Petrochemicals Exchange.
Strong demand may fuel rising Capesize rates The rate of hiring capesize ships, the largest type of bulk carriers, which has risen the past nine days, may extend gains on increasing global demand for iron ore and coal. The Baltic Capesize Index, a measure of rates for that class of vessels on different routes around the world, rose 1.1 per cent to 9027 yesterday, according to the London-based Baltic Exchange.
Tanker rates fall on Japan oil stock gains The rates for hiring medium to long-range tankers to transport oil products including diesel on Asian routes fell as Japan's oil inventories increased, reducing demand for ships.
Aussie navy rescues lone yachtsman 03/08/07
Admiralty Casebook
Experts fail to convince judge about oil spill AN AUSTRALIAN court last month refused to impose a hefty fine against the owner of a container vessel for an oil pollution offence that provided for a maximum fine of A$10 million (S$13 million), imposing instead a A$25,000 penalty.
China's Titan Petrochem plans spot contracts market Titan Petrochemical Group Ltd, China's largest oil-supertanker owner, plans to set up a market to trade spot petrochemical contracts in the country's south this year, said the head of Guangzhou Huanan Petrochemicals Exchange.
Strong demand may fuel rising Capesize rates The rate of hiring capesize ships, the largest type of bulk carriers, which has risen the past nine days, may extend gains on increasing global demand for iron ore and coal. The Baltic Capesize Index, a measure of rates for that class of vessels on different routes around the world, rose 1.1 per cent to 9027 yesterday, according to the London-based Baltic Exchange.
Tanker rates fall on Japan oil stock gains The rates for hiring medium to long-range tankers to transport oil products including diesel on Asian routes fell as Japan's oil inventories increased, reducing demand for ships.
Aussie navy rescues lone yachtsman 03/08/07
Admiralty Casebook
Experts fail to convince judge about oil spill AN AUSTRALIAN court last month refused to impose a hefty fine against the owner of a container vessel for an oil pollution offence that provided for a maximum fine of A$10 million (S$13 million), imposing instead a A$25,000 penalty.
HHLA results fuel IPO expectations HAMBURG container terminal operator, HHLA, has announced a strong set of results for 2006 ahead of its debut on the German stock exchange, scheduled for 4Q 2007
Carnival congestion on 12th Avenue CRUISE ship Carnival Victory struck a Hudson River pier this morning while docking; damage to both the pier and vessel are said to be minor
Brazil's Log-In posts 2Q turnround LOG-IN (Logistica Intermodal), the Brazilian cabotage and port operator, has posted 2Q EBITDA of Reais19M ($10.1M) compared with a loss of Reais8.3M for 2Q06
3 Asian lines join MSC for Med service Cosco, "K" Line and Yang Ming are revamping their service between the western Mediterranean and the U.S. East Coast.
Virginia International Terminals switches to ultra-low-sulfur diesel
Terminal operator Logistec posts slide in earnings
Wilhelmsen earnings jump
Baltic dry cargo index hits record high
Truckers win guaranteed rates at British Columbia ports
Stranded seafarers to return home The eight Russian seafarers that have been stranded on the general cargo ship Lillian in New Ross, Ireland for ten ...
Maersk favours US West Coast distillate Price and availability an issue for fuel switching scheme.
Terminal giant secures more credit Vopak says new credit facility will provide the flexibility it needs to pursue growth ambitions.
Shell announces sale of its biggest French refinery Two other refineries are also under offer, but Shell says bunker sales in France 'will not be impacted in 2007'.
Recruitment drive continues at O.W. Bunker Group Ten new recruits join two-year trainee programme.
Oil removal from Sea Diamond 'not feasible' Specialists consider it counterproductive to try to remove oil remaining on sunken cruise ship.
European fuel oil prices at record high But bunker prices Thursday were showing signs of softening.
Rotterdam market softens slightly
Singapore: Residual fuel stocks rise Stocks of middle distillate plunge to lowest level in almost 15 months.
Aramco sells rare 380 cst cargo The fuel oil cargo looks set to be used for blending in Fujairah's bunker market.
IEA repeats call for OPEC output boost 'Insufficient oil stocks' possible in third quarter, IEA chief says.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
