BDP eyes 50% of profits from Asia in 10 years from 20% BDP International, a leading US logistics and transportation company, expects that 50 per cent of its profits will come from Asia in 10 years' time, according to its president and CEO Richard Bolte Jr. Asia currently accounts for 20 per cent of the company's profits.
Asian Aframax shipping rates falls for first time in 6 days The cost of shipping 80,000 metric tons of oil on Asian routes dropped for the first time in six days as most bookings for early July have been concluded.
China Cosco shares surge for second day Shares of China Cosco Holdings Co, Asia's largest container shipping line, rose for a second day after almost doubling on their trading debut.
Freight rates for smaller vessels to sustain gains
Attempt to refloat grounded vessel delayed for 24 hours
Surplus could hit LNG fleet, warns expert ABOUT 15% of tonnage could be without long-term employment in 2010, says Mitsui OSK LNG division executive.
Tales of LNG growth are more than hot air
Erck Rickmers joins rush for giant boxships SHIPOWNER follows brother Bertram's footsteps by signing letter of intent for four 12,500 teu vessels with Hyundai Heavy.
French owners seek curbs over Erika 3 package OWNERS urge EC not to exceed terms of existing international conventions when implementing European maritime safety package.
Grimaldi thinks big to conquer the airlines ITALIAN group beefs up specification of new cruise ferries in fresh assault on the Mediterranean market.
Man the chains SHOULD we be worried that some 40% of the US shoreline has not been mapped by National Oceanic and Atmospheric Administration?
Ballast water law buried in USCG Act Enforcement of strict new ballast water rules would be fast-tracked under language that was inserted in the Coast Guard Authorization Act that was introduced this week in Congress
Spanish owners attack government SPANISH owners launched a scathing attack against the socialist government today, accusing Madrid of failing to support shipping
DVB senior level reshuffle GERMAN shipping and transport bank DVB has pulled Shipping Asia head Martin Hessels from Singapore to Rotterdam to oversee the bank's credit and risk side
Petersburg seeks end to short-stay visas THE city government of St Petersburg (Russia) has proposed eliminating the visa requirement imposed on short-stay ferry passengers two years ago
Shipping in Hormuz too difficult to attack HOSTILE action by warring nations, or even terrorist attack, in the Strait of Hormuz poses little threat to individual oil tankers or the flow of global oil, analysts claim
Caribbean cocaine interception THE UK's largest warship has made its second major drug interception in the Caribbean in the space of six weeks, the Ministry of Defence said yesterday
Coalition urges no deadlines for implementation of box scan-all program Trade and business groups urge conference committee to reject a House plan that sets deadlines for program to scan all containers.
SeaDream to order third vessel Atle Brynestad, who founded Seabourn Cruise Line, is planning a new, bigger vessel to join SeaDream Yacht Club's two vessels ...
Service ship supports seafarers The Mission to Seafarers purpose-built ship for seafarers support, the Flying Angel, has gone into service in Fujairah, UAE ...
New ro-ro service between the Norwegian west coast and Esbjerg Norwegian Sea-Cargo will shortly start a new ro-ro-service between Tananger and Esbjerg. The service will start on ...
Flow meter 'can defeat cappuccino effect' Meter manufacturer claims its technology can measure bunker deliveries by mass, excluding air trapped in suspension.
US gasoline draw sends oil prices back up DOE figures show rise in crude oil but unexpected decline in gasoline inventories.
Source of San Diego spill still under investigation Fuel samples from more than 30 ships to be compared with oil that closed beaches in June.
Regulations stifle Russian Black Sea market Port Kavkaz area meeting the demand of just a fraction of the potential market.
Rotterdam market quiet
Sale of Freeport terminal 'looks certain' to go through No shortage of bidders for BORCO storage facility as market focuses on potential for growth.
New Indian terminal to start operating in July Mundra terminal will have 60,000 m' of storage for bunker material.
Oil spill threatens wildlife estuary Source of oil pollution in UK Estuary remains unknown, specialists say.
Oil drops ahead of US inventory report Prices fall by more than $1 a barrel in New York.
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