OPM proposes to turn Aden port into transhipment hub PRIVATELY held Overseas Port Management , led and managed by several former PSA executives, has proposed to the Yemeni government to turn the country's port into a container transhipment hub for the Red Sea-Mediterranean region, and boost its economy in the process.
N Korean ship detained in HK cleared to leave A newly repaired North Korean ship held in Hong Kong for two months for safety violations has been cleared to leave, but it will leave without its cargo, a port official and the ship's agent said yesterday.
Greek port workers end overtime ban DOCKHANDS at Greece's largest commercial ports on Wednesday ended an eight-week overtime ban which has created a backlog of containers and led to customers moving their business elsewhere.
Safety harness provided little safety A SAFETY harness that was not fit for purpose and other unsafe working conditions contributed to an Indonesian seaman falling 24 metres to his death while cleaning the bridge windows of the cruise vessel Pacific Sun in Sydney's Darling Harbour last year, the Australian Transport Safety Bureau has reported.
OPM proposes to turn Aden port into transhipment hub PRIVATELY held Overseas Port Management , led and managed by several former PSA executives, has proposed to the Yemeni government to turn the country's port into a container transhipment hub for the Red Sea-Mediterranean region, and boost its economy in the process.
N Korean ship detained in HK cleared to leave A newly repaired North Korean ship held in Hong Kong for two months for safety violations has been cleared to leave, but it will leave without its cargo, a port official and the ship's agent said yesterday.
Greek port workers end overtime ban DOCKHANDS at Greece's largest commercial ports on Wednesday ended an eight-week overtime ban which has created a backlog of containers and led to customers moving their business elsewhere.
Safety harness provided little safety A SAFETY harness that was not fit for purpose and other unsafe working conditions contributed to an Indonesian seaman falling 24 metres to his death while cleaning the bridge windows of the cruise vessel Pacific Sun in Sydney's Darling Harbour last year, the Australian Transport Safety Bureau has reported.
Order for LNG pair heralds shift in BG shipping strategy BG GROUP has confirmed orders for two more liquefied natural gas carriers at Samsung Heavy Industries in a deal which marks another stage in the evolution of the UK integrated gas major's shipping strategy.
QVT Financial continues to build stake in TOP Tankers NEW YORK fund manager QVT Financial has raised its stake in Nasdaq-listed TOP Tankers to 8.4%, adding about 566,000 shares over the Christmas period for an outlay of $2.7m.
Japanese-owned agency scores first at Lloyd's LLOYD'S has welcomed its first Japanese-owned managing agency, which will run a marine and non-marine syndicate that has grown to join the ranks of the top third in the market, writes James Brewer.
Breathing space for US identity card project BIOMETRIC identification cards for US marine workers will now be phased in over 20 months in a clear acknowledgement from the Transportation Security Administration that its original implementation timetable was impractical.
Tough year ahead for tankers NEW YORK 04 January ' Predictions are emerging of a difficult year ahead for tanker operators, while an unseasonably weak winter is being cited by market-watchers
Hollming sells Crystal Pool tankers FINLAND-based Hollming has reached agreement with Euroceanica (UK) to transfer ownership of Hollming's chemical tanker subsidiary Crystal Pool
Another SA port manager 'suspended' AN air of mystery surrounds the surprise 'suspension' of the Durban port manager Basil Ndlovu, who was sent on indefinite leave from 20 December 2006
Kirby Corp buys 58 barges US inland operator Kirby Corp has acquired 58 tank barges for $34.3M from Coastal Towing and Cypress Barge Leasing
Steel majors watch ore producer sale MITSUI & Co is planning to sell its controlling stake in Sesa Goa, India's largest private sector iron ore producer; steel majors are eager to take over
Red Sea passenger numbers decline THE number of people using Red Sea ferries has fallen, as the anniversary of the El-Salaam Boccaccio 98 approaches
Hamburg's speedy Steinwerder could be in 2013 race with Maasvlakte-II A relocation agreement for Hamburg's next major box-terminal expansion has assured a 2015 schedule for Container Terminal Steinwerder, with a teasing possibility of coinciding with Rotterdam's Second Maasvlakte in 2013.
Overseas Port Management has high hopes of winning Aden back Overseas Port Management is making its second attempt to bag Aden Container Terminal before a final agreement is reached between the Yemeni government and the official public tender winner, DP World.
Private equity helps DPW spin off non-core-Australian logistics
US manufacturers achieve increased shipments and new orders in Jan-Nov
Indonesian textile exporters rejoice at US and EU restrictions on Chinese material goods
Former Oakland chief takes top spot at the Port of Seattle
SCI plans to pick up Europe-bound cargo from Brazil and South Africa
Year-end boost sees Lithuania's Klaipeda Port finish 2006 with 8% growth
Scandal in O'Brien's chair How the feds say all hell broke loose at Stolt-Nielsen in 2002 after someone left an incriminating memo where the company's in-house lawyer couldn't miss it.
Bear it 'No reason to buy any tanker stocks' in 2007, says Citigroup's John Kartsonas, who sees rates 'trough' below 15-year market average.
Workers clear Corinth Canal to re-open for business after New Year's Eve landslide.
Chinese octet for Unifleet Secretive Dutch chemical tanker owner more than doubles fleet size with order in excess of $131m at two yards.
Global warning Cantor cuts 4Q earnings projections for two US-based tanker companies on balmy winter, stockpiles and overcapacity.
Salvors refloat Emsland Threat of pollution averted in Scotland after lightering frees grounded cargoship.
WSF struggling with costs Washington state ferry service hampered in bid to buy ships by operating expenses.
Eagle gets a lift New charter deals win Sophocles Zoullas' handymax operation a second 'buy' recommendation.
Pakistan goes fourth Shipping minister Babar Ghauri wants new terminal to handle growing trade.
Viking piles on passengers Finnish ferry operator says a quarter of a million more people used its ships in 2006.
HHI to hit new high Korean shipbuilding leader says 2007 revenues could jump 21% to record level.
Bohai trebles orders Chinese yard enjoys strong year in 2006 as new business reaches 2.79m gt.
Injury headache for Carnival US Coast Guard called to vessel to rescue teenager who sustained head injuries after fall from mast.
BG confirms Samsung gas order Two-vessel deal seals relationship between UK energy company and Korean yard after leaking membrane incident.
Vinashin does it again Another upgrade for one of Vietnamese group's yards, this time in Quang Ninh province.
Majesty grounded Norwegian Cruise Line's teenager gets into trouble again.
Hanjin Heavy lowers sights Korean shipbuilder thinks 2007 operating profit will fall despite bigger orderbook.
Olympic returns to Ulstein Offshore player orders two of the largest anchor handlers ever built at Norwegian shipyard group.
Kirby builds owned fleet US giant snaps up Coastal Towing's fleet, plus vessels from Cypress Barge, which it already manages.
CSG sends ship for scrap Chinese shipping giant continues clear out of seventies built single-hulled tanker tonnage.
Ferry connection Swinoujscie'Trelleborg to open Tomorrow, January 5, two Polish ferries will start sailings on the new ferry service between Swinoujscie in Poland and Trelleborg ...
Masterferries ferry likely to Gothenburg Kristiansand based Masterferries contemplates a new ferry route to Gothenburg in addition to two ferries on their summer route from ...
Odfjell tanker damages lock gate at Kiel-Canal Odfjell-owned 40,000 DWT product and chemical tanker Bow Sirius, built 2006 in Szczecin, smashed into the lock gate at Kiel-Holtenau ...
Houston to regulate distillate fuels New proposal to apply state emission rules to marine gasoil grades.
Oil prices slip further on US inventory builds Latest DOE data underpin bearish market mood.
Swift action averts bunker spill threat Vessel refloated and taken to port within hours of grounding.
Substantial interest as new trading platform goes live Argus Media's Fuel Oil Bulletin Board for Rotterdam attracts participants from oil companies, big traders and bunker suppliers.
Mild winter hits oil prices Weather weighs on crude short term but analyst also predicts lower oil price average for 2007.
Rotterdam market very quiet again
Singapore distillate stocks at 14-week low Residual fuel stocks up slightly; bunker market experiencing terminal congestion and high bunker premiums.
Bunker demand slips in S Korea Product squeeze continues as domestic power plants soak up fuel oil.
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