S'pore firms should grab Latin American openings INVESTMENTS worth US$30 billion over the next five years in port and related infrastructure are up for grabs in Latin America, and Singapore companies should waste no time in getting a piece of the pie for themselves, John Price, managing director of market intelligence services at leading risk consultancy Kroll, told The Business Times.
Container firms must act 'to counter slump' A UNIQUE set of circumstances comprising escalating financial market turmoil, low consumer confidence as well as rising inflation and commodity prices has rapidly changed the container shipping environment and individual container shipping companies must take urgent action to counter the effects of the current downturn, said NOL container line arm APL's greater China president Dan Ryan at the 2nd Containerisation and Liner Shipping China conference in Tianjin yesterday.
Mitsui OSK to beat H1 profit target Mitsui OSK Lines Ltd, operator of the world's biggest fleet of bulk carriers for shipping commodities, yesterday said that a weak yen, a fall in oil prices and strong freight rates in the first half could push its April-September profits above its earlier estimates.
Hopes of fourth quarter bulk bounce evaporate DRY BULK market's hopes for late-year rebound are dashed as uncertainty clouds Chinese steel demand sets up rates to fall further.
Transport committee chairman condems port rate hikes PORT operators protesting against multi-million pound backdated rates bills have gained a key ally.
DNV chief defends Commission CONTROVERSIAL remarks by ABS chairman and CEO Robert Somerville, reported earlier this week, have been described as "unjust comments" by DNV Maritime COO Tor Svensen
Gunvor faces testing times THE RUSSIAN oil trading company Gunvor is facing margin uncertainties as the global oil price falls, and Russian producers respond to a profit squeeze of high taxes and rising costs
Going green comes at a price MEETING future environmental challenges will provide opportunities for shipbuilders but will come at a cost, warned government ministers from Germany and the Netherlands at a seminar during the SMM exhibition in Hamburg
BP considers Caspian investment BP is considering selling its stake in the Caspian Pipeline Consortium, and exiting its joint ventures with Russian and Kazakh oil and gas producers
Abkhazia seeks sea link renewal ABKHAZIA plans to restore direct sea links with Turkey, the breakaway republic's foreign minister has said
17 missing as ship goes down off Macau HOPES for the safe return of 17 crew members of a South Korean freighter are fading as their ship was found capsized earlier today off the coast of Macau
Aden set for 'war-risk' status THE PHILIPPINE government plans to declare the Gulf of Aden a 'war risk area' as part of a set of measures to protect its seafarers against piracy and let them benefit from hazard pay
LA-LB trucks plan clears legal hurdles Ports ready controversial anti-pollution plan for October 1 start after program clears initial legal challenges.
Fee system delay won't stop LA-Long Beach truck plan
Galveston port open
APL executive warns of Asia-Europe overcapacity
Virginia ports reorganizes marketing, offers buyouts
Miami River re-opens
U.S. steel imports down
OCR speeds Portland gates
New scanners for Rotterdam
Appeals court affirms Rule B wire transfer attachment
Aker confirms dispute with NCL Aker Yards France has confirmed that there is a dispute with Norwegian Cruise Lines about the cost of the first of the 150,000 tons and 4,200 passenger post-panamax F3 newbuildings. "We regret that we have a situation with a ...
Pirates released from Absalon The pirates held in custody on board the frigate Absalon was released this morning. It turned out that there was no legal ground for the prosecution under Danish law and if they were taken to Denmark they would have been ...
EPA research vessel diesel spill Clean-up operations underway after research ship leaks diesel fuel into US river.
Bunker costs 'still remarkably high' Fuel represents '70% of APL's operating costs' on transpacific routes.
Global bunker marker report
Rotterdam market remains firm
Asian bunker markets steady Prices show little movement following three weeks of almost unprecedented volatility
Fuel oil cargoes heading east More product booked for Singapore as Middle East differential widens.
Norwegian firm in fuel efficiency project Project seeks to plot a ship's speed against the power applied to a propeller shaft.
United Bunkering & Trading appoints new MD UBT trader/manager takes on new role as MD in Singapore and Hong Kong.
Sri Lankan bunker suppliers ink tank agreement Lanka IOC and Lanka Maritime Services among those who have agreed Sri Lanka Ports Authority's terms and condition.
Chimbusco enters Shenzhen to compete with Brightoil Chimbusco ends Brightoil's short-lived monopoly in the Shenzhen port region.
Sri Lankan firm may buy bunker tankers CSC Kandia will start with one tanker, but others could follow.
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