Maersk opens US$380m Xiamen container terminal Danish shipping and oil group AP Moeller- Maersk opened a US$380 million container terminal in Xiamen yesterday, in a bet that China's trade growth will fill its ports despite concerns about overcapacity.
China Cosco expects dry-bulk rates to rise on growth China Cosco Holdings Co, poised to buy the world's largest dry-bulk fleet, expects rates for carrying iron ore, coal and other commodities to carry on climbing because of the country's economic growth.
Carnival calls off European venture Cruise ship operator Carnival Corp said on Wednesday it was dropping plans for a joint venture with European tour operator TUI AG, blaming German regulatory hurdles.
Record supramax freight rates seen extending surge
Transocean's India rig rates lower than expected
Admiralty Casebook
Lubricating oil, bunker fuel not part of vessel A BANK'S mortgage over a vessel does not include bunker fuel or lubricating oil on the vessel because these cannot be considered physical parts of the ship, an Australian court ruled last month.
Maersk opens US$380m Xiamen container terminal Danish shipping and oil group AP Moeller- Maersk opened a US$380 million container terminal in Xiamen yesterday, in a bet that China's trade growth will fill its ports despite concerns about overcapacity.
China Cosco expects dry-bulk rates to rise on growth China Cosco Holdings Co, poised to buy the world's largest dry-bulk fleet, expects rates for carrying iron ore, coal and other commodities to carry on climbing because of the country's economic growth.
Carnival calls off European venture Cruise ship operator Carnival Corp said on Wednesday it was dropping plans for a joint venture with European tour operator TUI AG, blaming German regulatory hurdles.
Record supramax freight rates seen extending surge
Transocean's India rig rates lower than expected
Admiralty Casebook
Lubricating oil, bunker fuel not part of vessel A BANK'S mortgage over a vessel does not include bunker fuel or lubricating oil on the vessel because these cannot be considered physical parts of the ship, an Australian court ruled last month.
Poland extends Stocznia Gdynia sale deadline SALE period lengthened after only 10 firms show interest in investing.
Poland puts Stocznia Gdynia up for auction
Samsung scores a win with won deal SHIPBUILDER curbs risks by inking contract for full payment in South Korean won with BP.
Users pledge to fund Malacca Strait safety SIX countries vow to contribute to navigational safety projects but major European shipowning nations yet to make commitment.
Kieling over? Canal bids to avoid being left on the bench THE future of the Kiel Canal is at risk as larger vessels and changing shipping patterns make it a less attractive option.
Sea of faith SHIPOWNERS may not look unduly pious, but nevertheless they have a great deal of faith.
US greens sue for strict air rules An international environmental group has filed suit against the US Environmental Protection Agency in an effort to force stricter rulemaking on air pollution standards for commercial vessels
Credit fears lead to loan squeeze UPWARDS of $34 billion in bank-held infrastructure financing funds have become paralysed as debt investors have become nervous over recent shifts in credit trends
Firms scramble to build Indian yard Nine firms are competing to build a huge shipyard on the Indian east coast, while three have expressed interest in a west coast facility
Titan frees stranded Maersk ship TITAN Salvage reports that the 4,542-teu Maersk Diadema has been freed from a sandbar off the channel into Mexico's Lazaro Cardenas
Vote may not decide ICG's future IRISH Continental Group's independent directors have been given the go-ahead by the Irish High Court to ask a shareholders meeting to decide on the takeover offer
Spanish Algerian divorce turns ugly Sonatrach has accused Spanish companies of an "industrial fiasco" over the delays that eventually killed the Gassi Touil gas field project
Veto threat leads Lowenthal to hold over California container fee bill until 2008 Bill authored by activist senator would have levied $30-per-TEU fee on containers at LA, Long Beach, and Oakland.
Port Tracker forecasts congestion-free October
$1B bill for clean trucks
Increase for MSC U.S.-Far East ag rates
Judge dismisses challenges to new Charleston terminal
Manufacturers: Asia meet could jumpstart Doha talks
Whole marine team leaves Codan in Bergen The Codan Marine Services team in Bergen has decided to leave the company. SSG has learned that they have been ...
Nato wants to protect the tanker fleet According to NATO Secretary General de Hoop Scheffer, his organisation should play a greater role in the protection ot the ...
Tor Anglia back with military equipment from Iraq The DFDS owned ro/ro vessel Tor Anglia arrived this week at Aalborg for the discharge of the last military ...
Arguments not 'persuasive' in bunker fuel court case Judge not convinced by California position on distillate fuel use in striking down of local rules.
Source of spill remains a mystery Coast Guard still working to determine origin of spill as clean-up continuing.
Shell refinery forced to close Local bunker markets under further pressure from government action.
Crude up following US oil inventory drain Stocks of crude and gasoline drop more than expected, sending WTI to five-week high.
Middle East bunker squeeze continues Cuts in key Iranian fuel oil exports expected during September and October.
Rotterdam market remains firm
Russian oil flows falling Shipments via Estonian at new low and St. Petersburg exports set to fall in September.
EMSA vessel 'not involved' in New Flame operations Gibraltar government stressing that it has not requested EMSA intervention.
Singapore: Residual fuel stocks up Middle distillate inventories at five-week low.
Australia Bunkering welcomes new trader
OceanConnect to open office in Japan Company source says Tokyo office should be running by the end of end-September.
Oil leaks from sunken ship Philippine officials say oil is coming from a 34-year old wreck.
Typhoon halts Tokyo bunker deliveries Bunker deliveries expected to resume on Friday.
- 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
