Throughput in S'pore ports rises 13.6% Singapore ports continued to grow this year as January figures from the Maritime Port Authority (MPA) showed a 13.6 per cent rise in container throughput to 2.5 million twenty-foot equivalent units (TEUs) from 2.2 million previously.
Precious 2007 net profit up 12% Precious Shipping PCL, Thailand's largest shipping firm, reported a less-than-expected 12 per cent rise in 2007 net profit yesterday as rising freight rates outpaced a stronger baht and lower fleet capacity.
Nationwide strike over pensions freezes transport in Greece Greece ground to a standstill yesterday as the country's two largest unions and thousands of white-collar professionals staged a 24-hour general strike against an ongoing government pension reform.
Class raids 'focused on IACS links' EU anti-cartel inspectors looked for three key phrases when searching data bases of classification societies.
Class society 'raids' could be start of a broader crackdown
Cesa calls for action to avert European yards decline ACTION needed to prevent EU yards falling into South Korean hands, says Community of European Shipyards' Associations.
Non-dom tax retreat gets muted response SHIPPING industry say Britain's move to backpedal partially may be insufficient to prevent exodus.
The waiting game CHINESE ship recyclers have done almost everything to survive the sector's slump and equip themselves for the upcoming IMO Convention, now all they can do is wait.
Star Quality From the age of five, Henrik Solmer dreamt about going to sea but never imagined he would be commanding the biggest containership ever built.
LNG faces uncomfortable revolution Project difficulties raise serious questions about LNG production pace beyond 2010, according to Cambridge Energy Research Associates (CERA) senior director Michael Stoppard
Chamber derides emissions report THE British Chamber of Shipping has poured scorn over a national newspaper report about shipping emissions
UK climbs down on tax plans PLANS by the UK's chancellor Alistair Darling to introduce tough new rules applying to the country's rich non-domiciled residents have hit difficulties
Hard going as Easy dumps newbuilds EASYCRUISE entrepreneur Sir Stelios Haji-Iannou has changed tack by deciding to sell his smallest ship abandoning newbuilding plans in favour of second-hand acquisitions
Angry PDVSA severs Exxon supply VENEZUELAN oil giant PDVSA announced last night that it would cease business dealings with Exxon Mobil in retaliation for pre-arbitration attachments of PDVSA assets
Catalunya Spirit gets power back FULL power has been restored aboard the Spanish-flagged LNG tanker Catalunya Spirit but propulsion has yet to be engaged as the ship continues under tow off Massachusetts
Maersk Line consolidating North American sales and customer service Largest box carrier plans to consolidate its North American sales and customer service from six regional offices into five.
Exports outpace imports at S. California box gateways
Insurer's net surges US-listed Navigators Group reports a 28.8% increase in fourth-quarter earnings.
Catalunya powers up After a Teekay LNG carrier is towed from its drift in the Atlantic, electrical power is restored, but efforts to restart propulsion continue.
Chile project gets OK A proposed LNG terminal near the Chilean city of Mejillones has received environmental approval.
APL launches Baltic link APL launches feeder service linking Russia and the Baltics to lines between to North Europe, Asia and the Americas.
Profit, costs up at Prosafe Arne Austreid-led offshore player sees annual income rise on better sales but costs and financial expenses keep pace.
Aussies hold 25 Interorient, Eitzen, MSC, Quintana and Nomikos among owners whose vessels failed January safety checks.
Pac Basin bags ro-ro quartet Hong Kong-listed bulker owner enters ferry sector after picking up two resales and inking two fresh units.
Acergy feels tax pain Revision of tax bill cuts annual profit at Oslo-listed oil and gas and shipping group.
Greek bulker rescues 14 Cyprus-flagged supramax plucks survivors from water after their passenger vessel capsizes off the Philippines.
If it floats OceanFreight's chief executive says his company is open to buying in any sector that makes sense, but it "makes a lot of sense" for the US-listed owner to buy more tankers.
Davie finalises IPO Canadian shipyard aiming to raise CAD 41.5m through listing in Toronto.
Emissions in spotlight again Scientists and European politicians quick to jump on emissions bandwagon after IMO-bound report pops up again.
Tinian handed bill Court rules Marianas ferry owner must pay Saipan port damages for unpaid passenger fees.
Coal contracts to fire CSDC Revenue from domestic shipments will rise 40% in coming year, China Shipping unit says.
Carnival in 'slavery' spat Cruise giant laughs off accusations of forced labour as baffling after disgruntled employee files legal papers.
Ningbo Marine wins coal deal Chinese bulker owner expects profit to rise after clinching five-ship charter with Shenhua Energy.
EMS still red Restructuring costs from closure of offices keep Eitzen Maritime Services at a loss for the year.
Precious back at ABG Thai owner orders more bulkers at Indian yard, as it questions the ability of Japanese and Korean yards
Essar approves offshore merger Indian owner's directors back move to amalgamate Essar Oilfield Services.
Bosporus remains closed Key Turkish strait shut for second day due to heavy snow, with delays increasing.
Swire slates eight more Offshore player adds to bulging orderbook with its first newbuilding order on the Chinese mainland.
Palios defends rate Diana Shipping chief executive says charter shows 'self discipline' and visibility of earnings.
Clelia II heading for Lakes Travel Dynamics upgrading small cruiseship for trips between US and Canada.
Norwegian fund buys American tankers The new Norwegian ship investment fund Global Skipsholding II has acquired six tankers of around 100,000 ton deadweight each for around NOK 1.7 billion. The fund is the second ship investment fund established by Acta Kapitalforvaltning. The head of ...
US naval vessel fires on hi-jackers in Somalia The international naval force patrolling close to Somalian waters has spotted Svitzer Korsakov, the hi-jacked Svitzer tug. Yesterday there was even an attack on the hi-jackers or their supporters ashore. An American naval ship opened fire with grenades ...
Catering union to leave DIS committee The Danish union for catering staff, Dansk S' Restaurations Forening (DSRF), will leave the contact committee for Danish International Shipsregister (DIS) as a reaction to the massive lay-off of catering staff announced by A. P. M'ller-M'rsk. The decision ...
New legal threat in bunker clean-up Greek authorities insist all the Sea Diamond's fuel be recovered.
Oil eases after IEA, DOE reports Rally on Venezuelan supply cut loses momentum after IEA cuts demand-forecast and US inventories continue to grow.
Fuel costs could 'wipe out' region's fishing industry Minister saying that 'rising fuel costs are something we will all have to get used to.'
Local ban on residual product would be 'premature' Cruise line's defence of bunker policy provokes anger from Hawaii residents.
BORCO to become 'Vopak Terminal Bahamas' Joint venture with new owner will see Vopak operate terminal with capacity similar to Rotterdam's leading Europoort facility.
Rotterdam market firm at midday
'Scrubbers' could be part of 'zero emissions' ship Latest IMO move 'excellent news' for abatement technology.
Singapore starts 2008 with strong bunker sales January bunker sales up 24% from year-ago figure.
Taiwan supplier restarts 380 cst deliveries Deliveries of 380 cst bunker grade in Taichung port resumed yesterday.
Lanka IOC prepares to expand bunkering business Pipeline upgrade should pave the way for new player in Colombo's bunker market.
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