Jiangsu port to get 20b yuan capacity boost The state parent of Jiangsu Lianyungang Port Co plans to invest 20 billion yuan (S$3.9 billion) by 2010 to add more capacity, as it speeds up its expansion to cash in on a global shipping boom.
Scrap prices for ships seen falling Scrap prices for ships may fall after India tightened environmental laws and Bangladeshi breakers' yards agreed to a temporary halt of purchases, Global Marketing Systems Inc, the world's biggest trader of the vessels, said.
Strait Talk
Scrapping - the green way THE recent World Maritime Day had as its theme 'Shipping and the Environment'. Over recent months, the environmental issue that has been most associated with the shipping industry has been the control of emissions. The focus has increasingly been on shipping's carbon dioxide output.
Jiangsu port to get 20b yuan capacity boost The state parent of Jiangsu Lianyungang Port Co plans to invest 20 billion yuan (S$3.9 billion) by 2010 to add more capacity, as it speeds up its expansion to cash in on a global shipping boom.
Scrap prices for ships seen falling Scrap prices for ships may fall after India tightened environmental laws and Bangladeshi breakers' yards agreed to a temporary halt of purchases, Global Marketing Systems Inc, the world's biggest trader of the vessels, said.
Strait Talk
Scrapping - the green way THE recent World Maritime Day had as its theme 'Shipping and the Environment'. Over recent months, the environmental issue that has been most associated with the shipping industry has been the control of emissions. The focus has increasingly been on shipping's carbon dioxide output.
Shipowners hit by heavy P&I premiums hike BRITANNIA P&I Club is to charge an extra 15% in advance call rates, paving the way for other mutuals to follow.
Ocean Tankers goes on shopping spree OCEAN Tankers doubles fleet size, buying eight double hull ice class ships for $231.5m.
BV aims for growth with $5.2bn IPO BUREAU Veritas' initial public offering is expected to value the French classification society at about $5.2bn.
New dawn as Statoil and Norsk Hydro start a new life together THE first week of operation has been no honeymoon for StatoilHydro, as ghosts from the past emerge to haunt the new union.
Can shipping be sexy? YES, but it is up to shipowners to loosen up and be prepared to talk about what they do.
Green warning on Norway tax bill Norway's new tax bill contradicts the government's zero emissions policy and makes things 'dramatically difficult' for ship operators, says the Norwegian Shipowners Association
India to offer cruise tax breaks New Delhi has proposed to give various incentives, including tax breaks, to private companies operating cruise lines in India in its first-ever cruise ship policy, to be announced soon
MarAd puts its case to Congress US MARITIME Administrator Sean Connaughton speaks of a "sea change" at MarAd in his report to Congress for 2006 in which he points to several broadenings of the agency's mission
Motorway closes; sea motorway steps in SHIP operators are laying on extra tonnage to take advantage of a major motorway closure in southern Italy
Costa Rica approves CAFTA THE largest trade group in the Western Hemisphere was cemented over the weekend as Costa Rica ratified the Central American Free Trade Agreement
Ecuador to rejoin OPEC ECUADOR will rejoin OPEC this month after a 15-year absence
Fastest ships moving to Marad fleet Former 30-knot Sea-Land SL-7 ships are being transferred from Navy's Military Sealift Command to Marad's Ready Reserve Fleet.
Tanker hits fishing boat A man is missing after a chemical tanker hit a fishing boat off the Norwegian coast.
Oily woes persist There seems no end to the OWS problem, with Baltimar and Royce the latest to be caught in US.
Canada's ocean medicine Government launches five-year initiatives for ocean health, including ship waste regulations and ballast water enforcement.
Austal USA gets COO Alabama shipyard appoints Joe Rella to the chief operating officer post.
Suez sends LNG to Chile French energy company and South American state-owned copper miner link up to build an LNG terminal in northern Chile.
Cruising toward an IPO Argentinean ferry operator Buquebus is eying an entry into the Buenos Aires Bourse, as a way to fund its jump into the cruise industry.
Trust IPO for BW? Andreas Sohmen-Pao has a Singapore listing on his radar screen but it is still in the distance.
Ioannides wants more The addition of eight units today will not slow the Ocean Tankers boss in his pursuit of the ideal fleet.
TEN forecast dampened Analysts lower earnings estimates for US-listed Tsakos Energy Navigation on soft tanker rates.
Changjiang plans new yard Chinese owner to build Chongqing shipyard dedicated to small cargoships.
Iceberg spotted off South Africa Warning issued to shipping as 20-metre-high icy hazard reported just 35 miles off Eastern Cape.
Hajara to head INSA SCI boss takes over as president of the Indian National Shipowners' Association.
Two more head to Haven hospital Tug collision is second accident in three days at South Wales port.
Skaugen steps on gas Norwegian owner posts "best quarter ever" as gas cargoes out of Middle East to Europe and Asia rise.
Norway's big owners unlikely to leave country None of Norway's 30 biggest shipping companies have any plans to leave the country because for the governments tax proposals. In a survey conducted by the magazine Økonomisk Rapport all the companies denied they had plans to flag out tonnage ...
Strong cruise season 2007 in Stockholm In all 255 cruise ships called at Ports of Stockholm during the cruise season of 2007. The numbers of passengers were 281.000. The results are only a minor reduction compared to the record year of 2006. ' It has been ...
J. Lauritzen order seven more ships J. Lauritzen A/S has been in the Far East to sign up for more tonnage. At the Korean shipbuilder Hyundai Heavy, Industries Lauritzen Bulker has exercised an option for further two cape-size units in the new segment on ...
Port counts cost of ship emissions Inventory to be the basis of new mitigation measures.
Richards Bay replenished Supplies at South African port have recovered and should be good for the rest of October.
Analysts bearish on Q4 oil price Few think oil prices will rebound to recent records until next year, when some say $100 per barrel oil is a possibility.
Rotterdam market remains tight
Singapore's largest terminal set for trial run Reports say that Universal Terminal will commence trial run on November 1.
Japan: September retroactive price up Price of 180 cst up 25% compared to September last year.
Singapore prices pull back from Monday's record Bunker prices supported by strong buying from oil major.
Cosmo Oil offers low-sulphur bunkers Spot demand for 1.5% sulphur product has been small 'so far'.
No resumption of 380 cst spot sales 'this year' Taiwan's state-supplier says Taichung unlikely to receive higher viscosity material for months to come.
- 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
