K-Line shares soar on higher-profit expectations Shares of Kawasaki Kisen Kaisha Ltd (K-Line), Japan's third-largest shipping line by sales, led gains by the country's carriers on expectations that K-Line would raise its profit forecast because of higher container rates.
US ports, union continue talks past strike deadline Contract negotiations over wages and benefits between clerical union workers and management at the ports of Los Angeles and Long Beach, the busiest in the United States, continued past a strike deadline that expired at midnight on Sunday.
Pacific Basin shares surge on Deutsche rating Shares of Pacific Basin Shipping Ltd surged after Deutsche Bank AG initiated coverage on the dry-bulk cargo operator with a 'buy' rating and said fees for carrying coal and iron ore would continue rising until the end of 2009.
PTP targets Korean firms to set up distribution hubs
Japanese shipbuilders' H1 orders decline by 34%
Strait Talk
Dramatic rise in piracy incidents in second quarter TWELVE Singapore-flag merchant ships were attacked by pirates in the first six months of this year - the same number as last year and down on the previous three years. Twelve attacks are obviously 12 too many but these figures do not suggest a worsening situation.
K-Line shares soar on higher-profit expectations Shares of Kawasaki Kisen Kaisha Ltd (K-Line), Japan's third-largest shipping line by sales, led gains by the country's carriers on expectations that K-Line would raise its profit forecast because of higher container rates.
US ports, union continue talks past strike deadline Contract negotiations over wages and benefits between clerical union workers and management at the ports of Los Angeles and Long Beach, the busiest in the United States, continued past a strike deadline that expired at midnight on Sunday.
Pacific Basin shares surge on Deutsche rating Shares of Pacific Basin Shipping Ltd surged after Deutsche Bank AG initiated coverage on the dry-bulk cargo operator with a 'buy' rating and said fees for carrying coal and iron ore would continue rising until the end of 2009.
PTP targets Korean firms to set up distribution hubs
Japanese shipbuilders' H1 orders decline by 34%
Strait Talk
Dramatic rise in piracy incidents in second quarter TWELVE Singapore-flag merchant ships were attacked by pirates in the first six months of this year - the same number as last year and down on the previous three years. Twelve attacks are obviously 12 too many but these figures do not suggest a worsening situation.
Shipowners in fix over ballast water rules IMO'S refusal to delay new rules governing ballast water technology puts owners in dilemma.
Pacific Basin stock price soars SHARE price closes at record high $1.50 after Deutsche Bank forecasts higher earnings.
Three held over Greek shipyard deaths THREE people have been detained pending the results of a probe into the cause of a fire onboard the tanker Ailsa Craig.
Shipping feels the energy crunch WHAT are the possible repercussions for shipping as an oil crisis looms?
The risk takers MASTERS onboard the modern merchant ship are as much risk managers as they are seafarers.
HCI Capital targets institutions German KG house HCI Capital has opened the share subscription for its containership trust HCI Hammonia Shipping at an issue price of €1,100 ($1,515) per share
Finaval shareholders approve listing ITALIAN tanker owner Finaval is to be floated on the stock exchange after shareholders gave their approval at a meeting yesterday
Seatruck deal with CelticLink mooted SPECULATION on both sides of the Irish Sea suggests that CelticLink has or may be in the process of selling one of its routes to Seatruck Ferries
Changes sought to Deaths act ANOTHER attempt is being made in Congress to allow recovery of non-pecuniary damages for high seas deaths ' retroactively
Wahai Star sinking probe launched INDONESIA'S National Transportation Safety Committee has launched its investigation into the 11 July sinking of the ferry Wahai Star
Piracy report is 'nonsense': Jakarta INDONESIA'S government has described as nonsense an IMB report that calls the country the most unsafe in the world
Sadness at tragic death of bunker trader Leonidas Michas and his family tragically killed in a car accident this morning.
Russia halves oil product exports through Estonia Fuel oil shipments hit as Russia re-routes exports for the second time in three months.
Spanish minister says bunker leak 'under control' But opposition party say authorities were 'slow to react' to oil spill.
UK representative to head IMO study group Group of experts has a few months to assess effect of various fuel options considered to update MARPOL Annex VI.
Singapore bunker market 'could tighten' as arbitrage slows Shipbrokers and traders warn that fixtures have 'fallen through'.
DNVPS calls for more clarity ahead of latest SECA Ship operators shouldn't be liable if low-sulphur bunker product, 'bought in good faith', fails to comply with low sulphur regulations.
Rotterdam market stays tight for prompt supplies
Singapore considers floating oil-storage Report says local agencies are studying proposals for 'very large floating storage' units.
Hong Kong 380 cst material nears $400 But spot demand stays strong, despite the high prices.
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