Caribbean tanker rate hits 11-month high The rate to transport oil from the Caribbean on Aframax ships rose to an 11-month high as demand exceeded the supply of vessels in the region.
Asciano to spend A$529m expanding rail transport for coal Asciano Ltd, Australia's largest port and rail operator, will spend A$529 million (S$674.5 million) expanding into coal transport in Queensland state as Asia's demand for the fuel surges.
Sinotrans sells stake Sinotrans Air Transportation Development said yesterday that it has agreed to sell its entire 50 per cent stake in a freight forwarding unit to a Deutsche Post subsidiary for 61.05 million euros (S$129.1 million).
Strait Talk
Common sense prevails - at last GENERALLY speaking, International Maritime Organization (IMO) conventions, regulations, guidelines and codes are the product of painstaking work by technically qualified experts based on their knowledge and understanding of the issues and the shipping industry. That is one of the key strengths of this United Nations agency.
Caribbean tanker rate hits 11-month high The rate to transport oil from the Caribbean on Aframax ships rose to an 11-month high as demand exceeded the supply of vessels in the region.
Asciano to spend A$529m expanding rail transport for coal Asciano Ltd, Australia's largest port and rail operator, will spend A$529 million (S$674.5 million) expanding into coal transport in Queensland state as Asia's demand for the fuel surges.
Sinotrans sells stake Sinotrans Air Transportation Development said yesterday that it has agreed to sell its entire 50 per cent stake in a freight forwarding unit to a Deutsche Post subsidiary for 61.05 million euros (S$129.1 million).
Strait Talk
Common sense prevails - at last GENERALLY speaking, International Maritime Organization (IMO) conventions, regulations, guidelines and codes are the product of painstaking work by technically qualified experts based on their knowledge and understanding of the issues and the shipping industry. That is one of the key strengths of this United Nations agency.
Samsung urged to take lead in clean-up V.SHIPS puts pressure on barge owner to lead clean-up operations after speculation it may snub meeting called by South Korean government.
Apollo buys Regent Seven Seas Cruises US investment group expands its portfolio of cruiseship companies IFM warns Brussels over class ruling FRANCE'S maritime body warns that efforts to force class societies mutual recognition of shipboard marine equipment classification represent a 'serious threat' safety.
Tanker market takes off After a year of sluggish performance, the tanker market is suddenly perking up
Costa puts second ship into Asia CARNIVAL subsidiary Costa is to put the Costa Classica into Asia from 2009, doubling its presence there
Iran sells out of Tidewater IRAN'S maritime administration, the Ports & Shipping Organisation, is to sell its entire holding in Tidewater Ports and Marine Services Co
Nigerian pirates up the ante THE industry is being warned over two serious incidents off Lagos, Nigeria, in one of which pirates took hostages, shot at the master and threatened more attacks at his next port of call
DVB nominates sector leaders GERMAN transport bank DVB is in the final stages of an organisational shake-up which will see the group's shipping division divided into sector specialist teams
California adamant on cold ironing CALIFORNIA'S air pollution watchdog has approved tough cold ironing regulations for container, passenger and reefer ships calling at the state's six main ports from 2010
Peak season falls flat at West Coast ports Oakland and Portland experienced moderate growth in October, while LA-Long Beach and Seattle-Tacoma suffered another month of declines.
Antares out of service The Norwegian ro/ro vessel Antares hit the seabed at Monday evening, shortly after it departed from Åbo. The vessel thereafter returned to the port for inspection, it will now be docked due to repair. Antares was on is way ...
Record orderbooks but hardly any profits Despite a record orderbook of between NOK 60 and 70 billion Norwegian yards hardly has any profit to show for it. Orders from the offshore industry dominate the yards and, according to Møreforskning (Møre Research) both the offshore operators and ...
More fuel switching in the future predicted Industry poll seeing greater distillate fuel use, but uncertainty ahead of IMO revisions.
High freight rates hit arbitrage North European fuel oil market sees few fuel oil export opportunities.
Barge congestion in Black Sea port Four barges out of action in Novorossiysk, according to reports.
Compensation agreed four years after bunker spill Cosco agrees to contribute over $9 million to clean-up costs.
Rotterdam edges higher at midday
Hyundai's bunker fuel supply to resume next week South Korean refiner's bunker supply affected by major spill last Friday.
Indonesian refiner to introduce 380 cst Pertamina hopes to increase regional market share through offering 380 cst bunker grade from early next year.
Korean tanker hull rule unchanged Maritime ministry has no intention to accelerate phase-out of single-hulled oil tankers after recent major oil spill.
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