Slower container shipping growth this year: Maersk THE container shipping industry will continue to grow this year but at a slower rate than last year's 10 per cent, Maersk Line's Asia-Pacific chief executive Jesper Praestensgaard said yesterday.
LNG tanker surplus sinks charter rates by 46% Charter rates for liquefied natural gas tankers transporting spot shipments of the fuel have fallen 46 per cent in the past year because of a ship surplus and lower demand for LNG in Asia.
PSA consortium tipped to win Tangier terminal A PSA-led consortium is set to get the licence to operate a major container terminal in Morocco that will be the port operator's African beach head.
Lee guilty of Korean tax evasion SAMSUNG'S retired chairman Lee Kun-Hee was found guilty today of tax evasion in South Korea, but his three-year prison sentence was suspended
Sri Lankan army takes Tiger base SRI LANKAN troops have captured a rebel naval base used by the Tamil Tiger rebels in the northwest on Wednesday, the government told Fairplay 24
Brazilian port strike goes ahead A 24-HOUR strike by port workers in Brazil went ahead today
Maersk buys cargo/ro-ro ships MAERSK Line, the US arm of AP Møller Maersk, has completed the purchase of two ships recently released by the Military Sealift Command
Indian port strike called off A STRIKE threatened by 64,000 workers at India's dozen major ports was called off today after a settlement was signed by the Indian Ports Association and the representatives of port and dock workers
Longer pipeline undercuts US tankers CANADA'S oil shipments across the US border could further undercut US tanker imports as a result of a huge pipeline expansion confirmed today by TransCanada
Crude plummets after large US stock build Oil prices fall heavily for a second day.
High bunker bills puts Tallink in the red First half result dragged down by 47% increase in cost of fuel.
Fuel prices are 'hurting global trade' But Maersk still predicts growth for container shipping lines in 2008.
Russian bunker industry seeks tanker compromise Industry association in 'intensive consultations' with transport ministry to limit impact of single-hull tanker ban.
East Asian fuel oil market could be facing shortage Traders say arbitrage arrivals 'may not be enough'.
Rotterdam market very quiet
Singapore prices fall from record high Bunker prices soften in Singapore and other key Asian ports.
Six liners impose surcharge despite protests Seventh liner to fix surcharge on July 18.
Soaring fuel costs call for long-term solutions Bunker surcharges, slow steaming are 'short-term fixes', industry expert says.
Bunker calculations skew Imarex and Baltic rates Dollar-per-day charter rate assessments showing wide variations.
EU fishing sector to get $3.2 billion aid EU ministers approve aid to help fisheries cope with bunker costs.
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