Tan Chai Hee promoted to MD of Aurora Tankers Management ASIA-FOCUSED integrated maritime group IMC Corp has announced the promotion of Tan Chai Hee to managing director of its Aurora Tankers Management unit.
Panalpina opens new complex at Changi GLOBAL supply chain management group Panalpina World Transport has opened a new logistics complex at the Changi International LogisPark that will serve as the group's hub for South-east Asia and the Asia Pacific.
IMB mulls advice changes after latest Somalia pirates attacks ANTI-piracy watchdogs may advise shipowners and operators to maintain a greater distance from the Somalia coast.
Shipping unites in 'crisis call' to Mitropoulos for piracy action
"Food shortage" pirate negotiating ploy: MISC MISC says that Somali pirates are using reports of a shortage of food on two hijacked tankers to undermine negotiations
Polish yards fear job cuts PART of the restructuring plan for Poland's bankruptcy-threatened shipyards of Gdynia and Szczecin, will involve the loss of 2,000 jobs
Rumours swirl around NCL newbuilds REPORTS continue to surface on an alleged dispute between NCL and Aker over the cruise line's strategically crucial post-Panamax F3 newbuildings
Anger after BA tugs resume work TUGS operating at Buenos Aires have resumed service to Hamburg-Süd and Maersk Line vessels
Anti-piracy measures stepped up CREW MANAGERS and manning agents in the Philippines have been instructed to implement anti-piracy measures in the light of increased attacks in the Gulf of Aden and other hotspots
Korean owners want tougher action THE Korea Shipowners' Association has called for "tougher" action against Somali pirates who have targeted merchant ships transiting the Gulf of Aden
FSL clinches credit facility FIRST Ship Lease Trust has obtained an additional $65M as a revolving credit facility that secures finance for buying a third container vessel from Taiwan's Yang Ming
Korean shares on the up Korean maritime shares reacted strongly today following the recovery in the US and Chinese stock markets
Orders for container ships collapse Orders for new container ships have dried up as charter rates and freight rates tumble, growth slows on key liner trade routes
After hurricane, Houston port restores full operations
Picking up the pieces after natural and financial disasters: how has containerisation fared? As Hurricane Ike was crashing into the Texas coast last weekend and Typhoon Sinlaku was ravaging Taiwan, a financial toxic tsunami was waiting in the wings to create havoc to the world's economies. Events of this week on global stock exchanges are unprecedented in human memory. Arguably, not since the 1929 US stock market crash has more damage been done to the pillars of the financial community in such a short period of time. And the knock-on impact to the shipping industry looms like an iceberg directly in its course.
Global stocks surge in response to US 'bad bank' move
CN goes to court over regulatory delay in Chicago rail affair
DFDS cuts 150 jobs DFDS has made an agreement with the seafarers' unions for cutting 150 jobs after the lay up of the Queen of Scandinavia. The new plan (the second this year) will reduce the costs with DKK 40 million as from 2009 ...
Two more ships taken by Somali pirates The capture of ten pirates by the Danish frigate Absalon did not take any courage from their fellow pirates in the Somali waters. Yesterday two more bulkcarriers were hi-jacked off Somalia, near the port of Eyl. The Malta-flagged ...
Demolition of toxic tanker blocked Only days before the tanker MT Enterprise was to be beached and broken up at Sitakundu shipbreaking yards in Bangladesh the demolition was stopped by the authorities. The vessel, sold to a Bangladeshi shipbreaker, was earlier named New Atlantia. "Environment ...
Houston picking up Bunker orders starting to escalate in Houston as port resumes operations.
BC Ferries 'aggressive' new stance Plans to reduce fuel surcharge in light of recent bearish fuel prices.
Crude cruises past $100 Low prices retreat as oil posts second-largest daily increase.
Chemoil announce redesignation of director Change to the Board of Directors.
No let up on tugboat regulations Lawmakers urge US Coast Guard to act now, suggesting "jail time" for those responsible for the Mississippi oil spill.
Europe to Asia arbitrage window widens ARA fuel oil stocks up as exports shipments slow.
Global bunker market report
Rotterdam busy as market rebounds Market firming fast Friday as crude continues recovery.
Ship designs must allow for flexible speeds Price volatility means ships will sometimes slow down to save fuel, which is not without problems warns Lloyd's Register.
Rotterdam barge market tight
'Risk of recession' if oil stays above $90 IEA chief urges OPEC to avoid further output cuts.
UAE says no to single hulls Becomes the first Middle East exporting nation to commit to IMO's 2010 phase-out date.
Port authority presses ahead with Hambantota project Asserts the progression of the project despite resident relocation issues.
Measures planned to lift fishing industry Up to 70% of Philippines' tuna fishing fleet operating budget spent on fuel.
Colombo bunker tanks open for use Suppliers can start using tanks once they sign an agreement with the port authority.
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