Floating into the future COMPANIES are having to venture into deeper waters and farther offshore to find oil, and the only way to produce this oil is with floating offshore installations (FOIs), of which Singapore and Asian yards have 70 per cent of the new-building and conversion market.
Record export earnings for UK maritime services in '08 UK maritime services had a record £2.1 billion (S$4.7 billion) in overseas earnings last year, the International Financial Services London said.
Strait Talk
Taking sides in the CO2 debate THE International Bunker Industry Association will hold its annual convention in Singapore next week.
Floating into the future COMPANIES are having to venture into deeper waters and farther offshore to find oil, and the only way to produce this oil is with floating offshore installations (FOIs), of which Singapore and Asian yards have 70 per cent of the new-building and conversion market.
Record export earnings for UK maritime services in '08 UK maritime services had a record £2.1 billion (S$4.7 billion) in overseas earnings last year, the International Financial Services London said.
Strait Talk
Taking sides in the CO2 debate THE International Bunker Industry Association will hold its annual convention in Singapore next week.
Rabelink Logistics opens new state-of-the-art facility The Dutch service provider Rabelink Logistics, which has been a member of the Huettemann group since 2005, opened its new logistics centre in 's-Heerenberg (Netherlands) at the end...
BLG and ViDi set up new joint venture The German company BLG and the Ukrainian ViDi group recently established a new joint venture called BLG ViDi Logistics. At the same time, the German service provider acquired ...
Gefco Germany opens new automotive facility in Kelheim Gefco Germany has opened a new facility for automobile logistics in Kelheim, in Germany's Lower Bavaria region. It is the 16th German location for the global Gefco network. The spe...
German Logistics Congress 2009: Rhenus offering security The 26th German Logistics Congress will be held from 21-23 October in Berlin under the motto of "Success comes from within". The stand of the Rhenus Group will highlight how the co...
Charles Riesen wins Aerosuisse Award Aerosuisse, the umbrella organisation of Switzerland's aeronautical and aerospace industry, has honoured Charles Riesen with its 2009 award. Riesen, who recently retired from the j...
Gottwald sets foot in the Indian Market Dusseldorf (Germany)-based Gottwald Port Technology GmbH, a subsidiary of Demag Cranes AG, has secured an order for two G HSK 8332 B portal harbour cranes from Adani Petronet (Dahe...
Espo sets out priorities for future transport policy The European Sea Ports Organisation (Espo) recently issued its contribution to the European Commission's review on the future of transport. The goal is a new transport policy ...
More business for SAL Italia A few months after its inception Sal Italia, which is Hamburg (Germany)-based Sal Shipping's commercial office in Genoa, has registered two record loadings. The "Annemieke" recentl...
A lifeline for Hapag-Lloyd Hapag-Lloyd, the world's sixth largest and Germany's largest container shipping line, is to receive support from the German state and the city of Hamburg. On 2 October, t...
Steel mills abandon spot market for contracts RENEGOTIATED contracts of affreightment and consecutive voyage contracts back in favour.
Greek owners stunned by loss of shipping ministry INDUSTRY left reeling by newly-elected government's move to abolish ministry of merchant marine.
Fondhaus Hamburg and NSC in legal dispute with Chinese yard KG financier and shipowner refuse to take delivery of boxship newbuilding.
Ships warned to keep up guard after Horizon 1 release SECURITY sources warn against complacency as only two merchant ships and two fishing boats are currently held by Somali pirates.
CSBC gets tough on delivery delays TAIWANESE shipbuilder will take harder stance on owners seeking to delay deliveries as new order pick up.
SCF's Frank testifies in High Court SOVCOMFLOT CEO Sergey Frank has testified in the UK High Court that he knew nothing about an illegal information-gathering operation targeted against his rival and former CEO, Dmitry Skarga
Tunisia to launch Libya ferry service TUNISIA'S Med Business Holding is to launch a ro-pax service between Sfax in Tunisia and Tripoli in Libya, the company has confirmed
Opec forecast favours tankers GLOBAL oil consumption will rise by 1.1M bpd next year, the US Energy Information Administration (EIA) forecast today
Iceland borrows from Poland ICELAND will borrow more than $200M from Poland as part of an economic rescue package, IHS Global Insight has reported
Tax break for two Russian oil ports RUSSIA'S two newest oil tanker ports are to receive a 15-year property tax exemption
Storms close in on Asia Pac TWO strong tropical weather systems are hitting the Asia-Pac region
Teekay sells Vancouver-based tanker owner unloads 20-year-old Barrington for $5.1m.
CMB pockets $7m Bocimar parent and Drylog book a profit from sale of capesize Mineral Monaco.
Unasked question Should Sergey Frank have known about a controversial sale and leaseback deal between Sovcomflot and Yuri Nikitin?
Trico amends US offshore vessel owner strikes deal with lenders to reduce debt and defer a third-quarter principal payment.
Missing meetings Sovcomflot chief Sergey Frank grilled about knowledge of what was going on at the Russian tanker company during tenure of predecessor Dmitry Skarga.
Spill off Chile Elmira Shipping chemical tanker tied to second oil spill in two months in Chile's Mejillones Bay.
Brazil tug sinks Tug towing barge of bunkers to fuel a Cido Shipping chemical tanker goes down in Paranagua Bay.
ASC strike persists Strike by crew of lakes bulker owner American Steamship Co enters its third week.
Two face chop Stolt-Nielsen says surviving 44,000-dwt chemical tanker brace at SLS could be axed due to delays.
Ancora eyes five Indonesian mining company wants bulkers to boost shipping subsidiary's fleet.
KLC sells Korea Line sells handysize bulker in near $15m deal with a Greek owner.
Diamond prices Fresh off a second rig purchase, Diamond Offshore offering $500m in senior unsecured notes.
MOL's mission Japanese owner pledges cash and begins relief work in the Philippines following Typhoon Ketsana.
Ferry stretched Greak Lakes Shipyard wins contract to add new mid-body section to Miller Boat Line vessel.
Negative view Fitch Ratings has concerns over Indonesian owner BLT's move for CECO, citing bosses' "high-risk appetite."
Finally settled Former Clarkson Asia boss Tim Huxley relieved after out of court settlement brings end to client-poaching case.
Stolt stimulated China's economic stimulus programme drives forecast-busting third quarter for Niels Stolt-Nielsen-led shipowner.
Rig reversal India's Great Offshore loses INR 3.5bn of financing for delayed oil rig being built at Bharati.
Idle rig fixed John Fredriksen's Seadrill inks $50m contract for unemployed jack-up off Sudan.
Only one Carnival and Royal Caribbean take legal action to ensure they're not paying for two pilots on cruiseships in Galveston.
Swissco working Singapore-listed offshore owner pens $1.5m crew boat charter off Indonesia.
Backlog shrinks The low level of orders is cutting into Japan's order backlog, which is down over 15% from the highs of 2008.
Crew airlifted Ten Filipinos taken off Danish ro-ro that lost steering power in ten-metre swell in North Sea.
Barge boost New York's Staten Island Ferry wins federal cash for new double-hulled refuelling unit.
Guangzhou sells Chinese port operator to raise CNY 1.3bn with issue of short-term bonds.
Feeding DP Dutch line Feederlink adds weekly call at DP World's Southampton terminal.
Rowan restarts US drilling company resumes work on rig newbuilding that was suspended due two credit woes.
Dan Swift fixed Lauritzen Offshore's converted accommodation and support vessel wins work off Brazil.
Fewer vehicles Estonian ferry group Tallink sees vehicle numbers fall 15% on a year ago as passenger numbers remain stable.
Wives in open letter to Putin In an open letter addressed to the Russian government, among others, the wives of four crew members still on board the cargo ship Arctic Sea are demanding that their husbands
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