Boom time for project logistics COMPARED with the more high-profile and consumer-driven express freight business, the project logistics segment is a part of the logistics industry that is not often seen or understood.
PSA seeking US$1b refinancing for stake in Hutchison PSA International Pte Ltd, the second-largest container port operator, plans to borrow US$1 billion to help refinance debt it raised for a stake in Hutchison Port Holdings, said three people involved in lender negotiations.
Will the cost of hull insurance increase as freight rates fall? FOR some time, the marine hull market has been displaying mixed signals. Overall, underwriters claim that the class is losing money, but this average hides a significant variation between the best and the worst performers.
Golden Ocean says 20% of world capesize fleet idle
Baltic Dry Index sees ninth straight retreat
Strait Talk
Carry rubbish at your own peril A COUPLE of publications coming to my attention this week have underlined how different a business liner shipping has become. The first was the British seafarers' union Nautilus UK's journal. Towards the back, there was a picture of a model of the Clan Line general cargo ship Clan Shaw and a write-up of its rather short service life, ending up under a different name on the rocks off Cape Town 16 years after being built.
Boom time for project logistics COMPARED with the more high-profile and consumer-driven express freight business, the project logistics segment is a part of the logistics industry that is not often seen or understood.
PSA seeking US$1b refinancing for stake in Hutchison PSA International Pte Ltd, the second-largest container port operator, plans to borrow US$1 billion to help refinance debt it raised for a stake in Hutchison Port Holdings, said three people involved in lender negotiations.
Will the cost of hull insurance increase as freight rates fall? FOR some time, the marine hull market has been displaying mixed signals. Overall, underwriters claim that the class is losing money, but this average hides a significant variation between the best and the worst performers.
Golden Ocean says 20% of world capesize fleet idle
Baltic Dry Index sees ninth straight retreat
Strait Talk
Carry rubbish at your own peril A COUPLE of publications coming to my attention this week have underlined how different a business liner shipping has become. The first was the British seafarers' union Nautilus UK's journal. Towards the back, there was a picture of a model of the Clan Line general cargo ship Clan Shaw and a write-up of its rather short service life, ending up under a different name on the rocks off Cape Town 16 years after being built.
Arming crews 'not the answer' HANS TINO Hansen, the Risk Intelligence agency's chief, has told Fairplay that he believes arming crews to fend off pirate attacks is not the answer to bolstering security
China aids ailing metals industry China is to buy 1M tonnes of base metals in a bid to stem plummeting demand and prices in its mining and smelting industry
Serbia warns Russia on pipeline SERBIA has warned Moscow that it will refuse to sell its oil monopoly to Russia without its firm commitment to building a gas pipeline through the country
Croatian crowd greets freed captain CAPTAIN Kristo Laptalo is today relaxing in his hometown in Croatia after 14 months of captivity in Greece
Sovcomflot hails timecharters IN ISSUING strong nine-month results today, Sovcomflot pointed to its growing reliance on timecharters
Violence mars port performance THE FOUR days of violence that erupted in Karachi has led to more than a dozen deaths and slowed cargo clearance at Karachi and Qasim ports
Maersk shifts PNW from Port of Tacoma Maersk Line next year will move one of its Pacific Northwest container services from Port of Tacoma to nearby rival Seattle
Unconfirmed information on vessel releases There are a lot of rumours and unconfirmed information circulating on the imminent release of hijacked vessels. According to some sources, owners and pirates have agreed on a ransom for the arms-laden ro-ro vessel Faina, and that the ...
Golden Ocean skips dividend and orders John Fredriksen-controlled Golden Ocean reports a healthy operating profit of USD 122 million for Q3, up from USD 69 million for Q3, 2007. Despite this, the company has announced that it will not pay any dividend in the light ...
Fewer ship collisions in the Baltic According to Helcom, the number of collisions between vessels have decreased significantly in the Baltic Sea. In 2007, 15 collisions were reported, which is 50 per cent less than in 2006 and 2005. A total of 120 accidents were reported ...
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