Tanker industry cautious over S Korea's ban SOUTH Korea's plan to bring forward its ban on single-hulled tankers using its waters has been greeted cautiously by industry players here.
DP World buys 48.5% stake in African port firm Dubai Ports (DP) World has expanded its existence in the Port of Maputo in south-eastern Africa's Mozambique by acquiring a 48.5 per cent stake in a firm controlling the port, local newspaper Gulf News reported yesterday.
Tanker in S Korea's worst oil spill sets for repairs The single-hulled tanker that caused South Korea's worst oil spill last month will undergo repairs in China, its Hong Kong-based owner and manager said.
Strait Talk
Expect premium hikes in 2008 THE turn of the year means different things to different people. For shipowners, it means the time is almost upon them to make one of the more important financial decisions of the year. The February liability insurance renewals are almost here and decisions about continuing or switching insurer are either already made or under consideration. Discussions either directly through other brokers will have resumed following the seasonal holidays.
Tanker industry cautious over S Korea's ban SOUTH Korea's plan to bring forward its ban on single-hulled tankers using its waters has been greeted cautiously by industry players here.
DP World buys 48.5% stake in African port firm Dubai Ports (DP) World has expanded its existence in the Port of Maputo in south-eastern Africa's Mozambique by acquiring a 48.5 per cent stake in a firm controlling the port, local newspaper Gulf News reported yesterday.
Tanker in S Korea's worst oil spill sets for repairs The single-hulled tanker that caused South Korea's worst oil spill last month will undergo repairs in China, its Hong Kong-based owner and manager said.
Strait Talk
Expect premium hikes in 2008 THE turn of the year means different things to different people. For shipowners, it means the time is almost upon them to make one of the more important financial decisions of the year. The February liability insurance renewals are almost here and decisions about continuing or switching insurer are either already made or under consideration. Discussions either directly through other brokers will have resumed following the seasonal holidays.
Quintana tight-lipped over sale talk NASDAQ-listed dry bulk firm silent over reports it is about to be bought by Excel Maritime.
Quintana puts up defences against hostile takeover
Maersk axes jobs as new strategy unveiled BETWEEN 2,000 and 3,000 jobs to go as the Danish line strives to return to sustainable profitability.
Box shipping's old guard keeps a firm grip EXTRAORDINARILY, in this youth-obsessed world, the most powerful men in container shipping are well past normal retirement age.
Shipping banks hoover up €1bn HSH Nordbank, Deutsche Bank and HSBC raised €1Bn today in what they said was the largest issue of a German ship mortgage bond to date
Aker loses CFO to former parent LEIF Borge, cfo of Aker Yards, has stepped down from his post at the biggest shipbuilder in Europe and assumed the same position at Aker Kvaerner, controlled by the shipbuilder's former parent, Aker
Call for East Med Sea Motorway THE European Commission has set a 20 February deadline for proposals concerning the Motorways of the Sea projects in the East Mediterranean
Maersk Line to cut up to 3,000 jobs World's largest container carrier will cut 8 to 12 percent of its global workforce in an effort to reduce costs and improve profitability.
U.S. ports end box slide
Criminal probe of Port of Seattle launched
European shippers seek alternative to U.S. 10+2 rule
Maersk Line to lay off 3,000 employees The new strategy to gain profit in A. P. Møller-Mærsk liner service arm Maersk Line includes a lay off of around 3,000 of the present 25,000 employees. The other main elements are: To fill up with ships with profitable ...
Shortage of Norwegian seamen may force vessels into layup A desperate shortage of qualified Norwegian seamen may force offshore newbuldings into lay-up, according to managing director Johan Rokstad of 'stensj' Rederi in Haugesund. He tells Stavanger Aftenblad that it is a tough struggle to find people to man ...
Swedish report suggests: Pilot compulsory for black-flagged vessels and pilotage from shore A government appointed inquiry has filed a part report on pilotage with the Swedish minister of infrastructure 'sa Torstenson. The report focuses on safety and efficiency and among the proposals is a trial scheme with shore-based pilotage initially in ...
IMO 'must move quickly' on emissions US group says international regulations on bunker fuel and exhaust gases must be 'rapid and effective'.
Uruguay company welcomes bunker barge back Two bunker tankers again available to supplier following upgrade.
Turkish bunker market to maintain two grades of MGO Both 0.1% and 0.2% sulphur product offered in Istanbul as ships calling the port likely to require both.
Chemoil shares take blow after CEO death Company stresses that operations will not be disrupted, new terminals in Singapore and Fujairah on schedule.
NYK to cut sailing speeds President says Group must 'wring the cleaning cloth dry' to save on bunker costs.
Rotterdam bids/offers wide apart
Helios Terminal launch event postponed Chemoil postpones opening out of respect for Executive Chairman and CEO Mr Robert V Chandran.
Chemoil and bunker industry lose a champion Robert V. Chandran was a true entrepreneur and a champion of the independent bunker supplier.
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