Indonesian police seal off barge for lacking documents Police have sealed off a barge loaded with tin ore in Indonesia's main tin-producing Bangka-Belitung islands because it lacked the correct papers, a police official said on Saturday.
Piraeus to go for rent, 50m euros Piraeus Port Authority, Greece's biggest port, wants the winning bidder for its container terminals to make a one-time 50 million euros (S$104.2 million) payment and pay performance-based rent over the contract period.
P&I renewal causes angry splits P&I clubs are under pressure to lower their renewal rates amid accusations that the increases have been mis-sold. Increases of around 15% have left shipowners angry and frustrated, with many high-profile names abandoning long-standing relationships with their clubs
Grindrod questions charter policy GRINDROD reported a strong performance in 2007, but has questioned whether a strategy of fixing out a part of its fleet might limit earnings potential in times of high rates
Yards spooked by POSCO's Daewoo bid A PLAN by the South Korean steel maker POSCO to take over Daewoo Shipbuilding & Engineering is raising concern over possible unfair competitive practices
Tax relief for Indian shipowners INDIAN shipping companies have been assured that they will be exempt from Minimum Alternate Tax on profits earned from the sale of vessels. Shipyards are also hoping for sympathetic treatment
How challenging will 2008 be for the global logistics industry? According to a new report by independent market analyst, Datamonitor (www.datamonitor.com), the global logistics industry is set for a 'challenging year' in 2008, as the effects of the sub-prime induced credit crunch start to bite.
DVTG launches container rail service from Finland to Russia
Vancouver docker-employer accord ratified by directors
ANL readies new buildings
HMM's largest box ship completes first journey
Barge carriers fight Rotterdam congestion with 1,000 TEU push barge convoys
Analyst watching steel Dahlman Rose shipping research head Omar Nokta says the strength of this year's dry-bulk freight rates will depend on steel prices.
Vinalines adds panamax bulker Vietnamese owner emerges as the buyer of the panamax bulker Thrasyvoulos V, which was sold by Alexandria Shipping.
Aframax on the block Owners hang the for sale sign on the 109,000-dwt products tanker Seapride I.
Grand Mountain for grabs MS Tanker Shipping's single-skin VLCC is circulated by brokers as for sale.
Swissco bags year charters Singapore offshore vessel player puts new OSVs on Middle East charters.
Pair of kings sold STX Pan Ocean is reported to have bagged a pair of 2,740-teu newbuilding boxships.
China steelmaker signs on China's largest steelmaker agrees to a 65% price increase with Brazilian miner Vale, in another welcome sign for dry-bulk shipping.
MPP duo sold Two 21-year-old multipurpose ships have been sold to undisclosed buyers for $24m each.
Danish owner wins pay-out Swedish port of Ystad to compensate ferry operator Bornholmstrafikken for overcharging.
Kerry says slow down US senator and former presidential hopeful introduces a bill that would require ships to slow down in areas off the East Coast to prevent whale collisions.
Unions snubbed on Nigeria Call for West African country to be declared a war-risk zone rejected by employers.
Buyback "a major positive" Dahlman Rose analyst smiles on Navios Maritime Holdings' share repurchase program.
Norden makes it three Danish owner promotes Jacob Meldgaard to join two other bosses on executive management team.
Lucy's salvage odyssey After the chemical tanker Golden Lucy suffered an explosion off Nigeria, salvors pay a ransom and face rebel attacks.
PetroProd posts big loss Oslo-listed tanker owner enduring costly wait to convert aframaxes into FPSOs.
PD wins terminal approval UK operator cleared to add 1.5m-teu Northern Gateway to Teesport in north-east England.
Tankers on hold at Shreyas Indian boxship owner scraps deal to buy first products carrier, but continues to explore opportunities in wet trades.
Forex fiasco hurts SembCorp Singapore yard group's fourth quarter profit wiped out by $208m charge for finance chief's unauthorised deals with banks.
Garware adds anchor-handler Indian offshore owner to take delivery of latest AHTS vessel in February 2009.
CSDC joins with Baosteel New Hong Kong joint venture to double bulker capacity to 3m tonnes by 2015 for iron ore trade.
Namura nails it Japanese shipbuilder's increased productivity boosts nine-month profit as owners queue for VLOCs.
Brittish shipping 3-5 times larger thanks to tonnage tax In 2000, UK introduced a tonnage tax system and the British shipping industry is today 3-5 times larger than it would be without this tax reform. This is one of the conclusions in a clustre study by Oxford Economics, an ...
Danica White hi-jack case closed The Danish Maritime Authority (DMA) has decided not to press charges against anyone in the Danica White case. DMA has been investigating the case where Danica White in June last year was hi-jacked off the coast of Somalia and ...
Best ever operating results for Wilson Operating results at minibulk owner/operator Wilson in Bergen in 2007 were the best ever at NOK 257 million against NOK 184.7 million in 2006, mainly thanks to a five per cent increase in contract rates and a good ...
Low sulphur fuels add to 'sludge problems' Testing agency calls for updates to the ISO 8217 fuel standard to offer ship operators more safeguards.
Progress made on IMO sulphur verification guidelines Proposal points toward strict interpretation of sulphur limits in the event of checks on MARPOL sample.
Bunker market report from Praxis
New director at Total Marine Fuels Christophe Girardot says he comes to the industry at an exciting and challenging time.
Cruise lines bow to pressure on low sulphur fuel Signs of a compromise in Hawaiian dispute of over cruise lines' sulphur emissions.
Personnel moves at Petrobras
Bunker surcharges under scrutiny European Shippers' Council launches probe on scale of BAFs.
Rotterdam bunker prices down
Singapore posts higher trade index Q4 trade figures show gains in wholesale of 'ship chandlers & bunkering' category.
Low demand weighs down Singapore prices Prices soften after a week of low demand and latest fall in crude oil prices.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
