Eight Asian shippers to levy new bunker surcharge IN what is proving to be a test case for not only container market conditions but also the pricing power of the lines in Asia, the majority of the lines on the Taiwan-South China route have unilaterally announced a 400 yuan per twenty-foot equivalent unit (TEU) emergency bunker surcharge on consignees in Hong Kong and South China.
Jump in fuel costs may slow tanker growth Frontline Ltd, the world's largest owner of supertankers, said a jump in fuel costs may spur owners to sail vessels more slowly to conserve energy, shrinking fleet supply and bolstering ship-rental rates.
TNT stock rises on talks of FedEx takeover bid TNT NV, Europe's second-biggest express-delivery company, rose by a record 29 per cent in Amsterdam trading after the Financial Times reported that US competitor FedEx Corp may make a takeover bid.
Westports Malaysia volume remains on uptrend BOX volume in the first half of the year rises 17% to 2.45m teu and is posed to hit 5m teu for 2008.
Riedle makes quick exit from Glacier Insurance RIEDLE, who was Glacier's chief executive of German operations for just four months, will be replaced by Tim Hofmeister.
Who steers Russian shipping? IGOR SECHIN is gaining more control of Russia's maritime sector, Fairplay 24 has learned. Kremlin-watching has always been a murky proposition
Tamil arms smuggler sentenced A FORMER Indonesian marine general has been sentenced to 30 months in a US prison for his role in a plot to smuggle arms to the Tamil Tigers insurgent group
13th Hanjin Subic worker killed ANOTHER worker at the Hanjin HI shipyard has been killed over the weekend
Drydocks World confirms funds search DRYDOCKS World has confirmed it has begun a $2.2Bn fund-raising push
Rolling Fuji sheds boxes THE BOX SHIP Hermann Buss Maersk Fuji has lost containers overboard as it rolled heavily in swells at the entrance to Port Taranaki on New Zealand's North Island
Titan to take pesticides off Princess TITAN Savage has been chosen to retrieve the toxic pesticide carried by the sunken ro-pax Princess of the Stars in the Philippines
New study pointing to lower global bunker consumption Preliminary report from IMO working group suggests shipping's CO2 output is less than previously thought.
Container trade under pressure from rising costs Shipping lines see bunker surcharges as 'positive development'.
'Cleaner bunkers' would limit impact of new container terminal Hong Kong report looks for ways of minimising environmental damage.
Clarification regarding Bunkerworld article
Pricey bunkers could slow down tankers again Tanker rates shot up after 'several major owners' sailed slower late last year to save on fuel.
Rotterdam bunker market stable
Record bunker prices in key Asian ports Bunker prices in Hong Kong, Busan and Tokyo Bay touch new highs.
Singapore bunker sales volume continues to slide Sales volume in June fall as record prices deter vessels from making 'bunkers-only calls'.
Shippers ask government to block bunker surcharge Surcharge could be considered 'illegal', claim shippers.
Carriers to hike bunker surcharges Rates for container trades in the eastbound and westbound trans-Pacific will rise in August.
Sea transport costs rising 'significantly' The East Asian shipping market could lose its competitive edge due to rising oil prices, report says.
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