Maritime conference looks at macro issues Macro factors were high on the agenda at the Asia Pacific Maritime 2008 Conference. Supply and demand in shipping and the ways in which goods are moved around were among the pressing issues discussed on the opening day yesterday.
National Air to pay US$28m to resolve claims National Air Cargo Inc, a company that ships supplies to US military bases, agreed to pay US$28 million to resolve criminal and civil claims that it defrauded the Defense Department.
Nippon Yusen eyes profit growth on shipping demand Nippon Yusen K K, Japan's largest shipping line by sales, said profit will likely gain 17 per cent next fiscal year amid rising sea-cargo traffic.
European shipbuilding solution moves step closer FINLAND confirms approach from French government for 'European solution' to cruiseship building.
STX ahead of target as it bags $594m VLCC deal
Four missing after bulker smashes into bridge THE Qinfeng 128 smashed into an unfinished road bridge in east China's Zhejiang province yesterday.
Ofer gives record £20m to NMM ISRAELI billionaire in largest single donation to a UK cultural institution.
Greenwich sees its ship come in SAMMY Ofer's '20m donation to the National Maritime Museum in Greenwich will help bring its renowned collections worldwide.
Home to all our maritime history THE National Maritime Museum has the most important holdings in the world on the history of Britain at sea.
Norden, Interorient get in dry pool DS Norden, the Copenhagen-based listed bulk shipping company, and Interorient Navigation from Cyprus will expand their co-operation from product tankers to dry bulk by setting up two dry bulk carrier pools
BAFs edge close to $1,000/40 CARRIERS in the Trans-Pacific Stabilisation Agreement are raising bunker surcharges across the board to $600 per 40ft from 1 July, or the full formula surcharge level, whichever is lower
India relaxes grip on palms PALM oil shipments into India are on the rise after the government reduced customs duty on edible oils last week to control price inflation in domestic market
Capital Products gets dirty CAPITAL Product Partners LP is entering the crude sector through the acquisition of the 159,98dwt double-hulled Amore Mio II
Skipped dividend hits Aries stock SHARES in Aries Maritime Transport have been hit hard by news that a dividend will be skipped to comply with new terms from its lenders
Napoli storm caused $5bn in claims CLAIMS from the windstorm Kyrill, whose most famous victim was the MSC Napoli, have now topped $5bn ' the largest in Europe since 1999, according to the TT Club
Andersen dismisses job cut fears Suggestions of more redundancies at Maersk Line are an absolute misunderstanding, AP Moller boss says.
Officials rule out VDR law US Coast Guard recommends against requiring voyage data recorders on ferries.
OSG 'pleased' Morton Arntzen smiles at Fredriksen buy-in but warns against speculation of meetings with the tanker king.
Sales lift Attica Greek ferry owner sees profits almost double following disposal of ships and shares.
Ferry tender brings $26m bid Washington State Ferries expresses disappointment with the lone bid from Todd Shipyards.
Murmansk closes Varandey Russian tanker owner to abandon arctic oil terminal after losing Lukoil deal to Sovcomflot.
Tanker estimates cut Bear Stearns analyst reduces first-quarter earnings forecasts for US-listed tanker owners as rates miss expectations.
Atlantska pushes up profit Strong bulker markets meant Croatian owner easily surpassed 2006's earnings last year.
Charters buoy Top forecast Cantor Fitzgerald analyst lifts earnings estimates for Top Ships after recent bulk carrier fixtures.
G Bottiglieri in cape debut Mariella Bottiglieri-led owner pens first orders for one-plus-one capesizes at China's New Times Shipbuilding.
FreeSeas share issue US-listed bulker owner files with US regulators to potentially issue new shares and sell stock belonging to Ion Varouxakis and the Restis family.
Coastguard to strike again Britain's search-and-rescue service faces another day of disruption.
Nordic shy of forecast Danish tanker owner embroiled in shareholder battle can't quite match profit prediction for 2007.
Four missing off China Sixteen crew rescued after cargoship hits bridge under construction near Ningbo.
Andersen's axe to fall again? AP Moller boss says further job cuts may be on the way despite company's largest ever round of redundancies in January.
Hutchison getting bigger Hong Kong ports giant hikes profit and throughput in 2007 as expansion continues.
GAC buys UK agency Middle East giant adds Teesside partner OBC to its growing ranks.
Napoli gone by September Work to remove stern of beached boxship to begin in May, UK coastguard agency says.
Fredriksen sells on minority fear Seadrill cashes Odfjell Invest holding in favour of following more attractive investments.
Crewman missing Search called off for seafarer who fell overboard NIS-flagged cargoship in Baltic.
Turkey tug trouble for cruiseship Pullmantur vessel grounds near Aegean Sea port in 45-knot winds after one of two tugs suffers fault.
CMA CGM takes Maersk slots After a tie-up on the transatlantic French liner giant is to take space on rival's transpacific service.
Heavyweights get gasses up IM Skaugen and Teekay join forces in carbon dioxide shipping push.
Ofer in giving mood Low-profile shipowner hands over huge '20m donation to modernise National Maritime Museum in London.
STX still booming Bulker owner tips operating profits to quadruple in the first three months of 2008.
More pool depth for Norden Danish owner sets up new handysize and post-panamax bulker pools with Interorient and ratchets up profit forecast.
NYK banking on boxes Japanese giant expects profits to be boosted by nearly a fifth next year as US rates climb and newbuildings hit the water.
Union in Daewoo strike threat Korean shipyard could face series of "unfortunate events" if workers don't get say in sell-off of state stake.
Vroon back at Zamakona Expanding Dutch shipowner returns to Spanish shipbuilder for another four field support vessels.
BV's marine holds its own Shipping and offshore division sees double-digit growth in both operating profits and revenue.
Star confirms Gamma fixture Akis Tsirigakis-led Star Bulk Carriers secures three years of employment for Supramax.
Sirius buys Stockholm tankers Sirius Rederi on the Swedish west coast island Dons' has aquired the product carriers Stoc Petrea and Stoc Regina. Seller is Stoc Tankers in Stockholm. The 4,500-DWT vessels were built in Turkey in 2004 and 2005 respectively. On delivery ...
Erria's profit grew despite lower revenue Erria A/S had a better year in 2007 despite a fall in net revenue. It fell from DKK 81.7 million to DKK 73.5 million, but the net profit grew from DKK 10.8 million in 2006 to ...
Swedish Svitzer tug to Danish flag operation Em. Z. Svitzer A/S have started the process of re-flagging the Swedish tug Arctic Helios, which during April will be transferred to the Danish fleet under the name of Svitzer Helios. The ship will arrive at Assens Skibsværft ...
Ship operators urged to rethink approach to fuel costs Credit risk analyst says fuel surcharges are not a sustainable long-term method for offsetting effect of high bunker prices.
Ventrin plans expansion New shareholding will see changes in Caribbean supplier's operations.
Infineum owners mulling sale Study to 'review strategic options' for additives JV.
WTSA to roll out quarterly bunker surcharge increases Hikes coming as container lines attempt to bring surcharges 'closer in line' with actual bunker price gains.
Rotterdam market firm
Bunker market report from Praxis (March 26)
Another record for Singapore fuel oil stocks
Hong Kong: IFO supplies set to tighten Traders expect supplies of 380 cst product to remain tight throughout April.
Maersk gives more details of floating BAFs Floating BAFs will be introduced in phases starting in April.
- 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
