China rejects 4 container conferences' THC hikes CHINA's Ministry of Communications has rejected plans by four container shipping conferences to raise controversial terminal handling charges at south China ports and imposed penalties for violating regulations.
Surcharges for cargo from US East Coast to go up FREIGHT rate hikes by the Panama Canal Authority have begun trickling down as shipping lines on the westbound transpacific trade from the East Coast US to Asia have announced plans to raise surcharges for carrying cargo through the canal.
Amanda Group venture bags US$250m job A joint venture shipyard between a Singapore firm and Norway's Aker Yards has clinched a US$250 million deal to build six specialised vessels for use in the booming oil and gas industry.
Singapore refinery blaze kills two SINGAPORE 04 May ' ExxonMobil has shut down one of two crude distillation units at its Singapore refinery following an early morning fire that killed two contractors yesterday
Wilson, Sons tug sinks in Santos A tug operated by Wilson, Sons has sunk in the Brazilian port of Santos but the three crew onboard escaped unharmed
Caymans combats cruise reef damage REEF destruction has prompted the Cayman Islands government to ban cruise ships from anchoring in Spotts Bay
Marine hose cartel reeled in EIGHT executives have been charged in the US of conspiring to fix prices and rig bids in the sale of marine oil transport hose to American companies
Fincantieri raises pre-tax to €115M ITALIAN shipbuilder Fincantieri has posted pre-tax profit for 2006 of '115.7M ($157M) compared with €99.8M for 2005; the orderbook is now worth €11Bn
Refocused Star sells casino stake STAR Cruises' shareholders voted at an EGM this week to sell their 25% stake in a casino project to sister company Genting International
Port Tracker forecasts little peak-season congestion despite record containers Traffic at U.S. ports that handle major import shipments should hit a record high in July, then break that record in August, report says.
Consolidating forces There is no doubt that further consolidation will take place in the container liner shipping industry. And arguably it is long overdue as the sector is highly fragmented with over 400 carriers (including feeder companies) active, according to the latest edition of the Containerisation International Yearbook.
Fesco denies Containerships interest
Montreal box terminal saved from urban development
Scandlines sale in trouble again The sale of Scandlines is facing yet another obstacle as the potential buyers have declared that they will not share ...
Husell-company wants to buy shares in Eckerö The Åland-based company Husell Shipping & Trading Ab wants to buy all of Birka Line Abp's shares in Rederiaktiebolaget Eckerö ...
Shipping line plunges 'into the red' Hanjin shipping blames currency fluctuations and high interest rates.
Bunker factors weigh down Wilhelmsen Shipping group reports rise in Q1 bunker hedging costs and sees negative impact on full year results from missing BAF agreement.
Fujairah refinery 'in new hands' Vitol confirms that it has acquired 'a majority interest'.
ARA market: No strike in Antwerp
Markets struggle to gauge impact of refinery fire Singapore bunker prices fall, but Hong Kong prices surge as ExxonMobil CDU remains shut down.
German support for 'environmentally sound marine diesel' German minister opens conference on EU maritime policy with call for ships to move away from heavy grades of oil.
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