Top global firms eye India's port expansion plans Global firms including Rio Tinto and Noble Group are interested in participating in India's 558 billion rupees (S$16.7 billion) port expansion projects, a top government official said.
Baltic Dry Index drops on China The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly decline in almost four months on weaker Chinese demand for iron ore to make steel and coal.
TUI seen having liquidity problems TUI AG, the owner of Europe's largest travel company, is running out of cash as revenue at its Hapag-Lloyd shipping line slides and a loan to one of its units is unlikely to be paid, Societe Generale SA analysts said.
Tui board approves aid for Hapag-Lloyd TUI has received the green light from its supervisory board to provide financial aid to help the carrier.
High Court test for Ocean Crown salvage award THE second-highest salvage award ever published under Lloyd's Open Form is headed for the UK High Court.
TSA lines search contracts to enforce rate hikes CARRIERS hope to find clauses allowing them to automatically impose rate hikes or force shippers to go back to the bargaining table.
US trade gap narrows THE US trade gap narrowed to $26Bn in May, from $28.8Bn in April, the government said today, with exports rising 1.6% and imports falling 0.6%
Tankers play waiting game GLOBAL oil demand will linger for 2009 at 2.5M barrels a day less than last year, but 2010 will bring a demand rebound of 1.4M bpd
Solidarity eases off on EU SOLIDARITY at the Gdansk shipyard said today it is "satisfied" with the way that the EC has dealt with the yard's restructuring, thus dropping labour's opposition to the scheme
Egypt reports Suez terror plot EGYPT has arrested 26 people whom authorities suspect were planning terrorist attacks on the Suez Canal
Boluda invests in Morocco yard SPAIN'S Boluda has won approval from Moroccan authorities to build a new shipyard in Morocco
Cargo boom for Donrechflot SOUTHERN Russia's Donrechflot shipping company today reported nearly a 70% increase in cargo transport for this year's first half, from the same period last year
Liberian Registry's contract deal LIBERIA'S government might have succeeded in securing more money from the nation's growing ship register
Should shipping be liable for all costs of an accidental oil spill? In the early hours of March 11, 2009, the 1,123TEU Pacific Adventurer became engulfed in the aftermath of Tropical Cyclone Hamish, while en route between the western Australian ports of Newcastle and Brisbane.
Markets end softer to cap off active week Prices slashed by an average of $50 pmt in major ports since Monday.
Oil spill on US East Coast Fishing boat sinks after running aground.
Florida bunker company faces opposition City gives backing to continue operating.
Bunker prices end week mixed
Cruise ship gains first Energy Efficient Design recognition Bureau Veritas estimates the vessel may save more than 10% of total energy consumption.
Barge operator grows Durban market share Expecting its third newbuild bunkering vessel at the end of July.
LSFO dominating Baltic bunker sales Increasing sales of LSFO convince bunker suppliers there is good SECA compliance among ships operators.
Market firms on tight supplies Bunker prices generally firmer as the week ends in Asia.
Petrochina makes cash offer for remaining SPC shares The Chinese oil and gas giant recently acquired 45.51% stake in SPC from Keppel Corp for $1.02 billion.
Sinobunker's Shenzhen bonded supply business 'within reach' Plans to start towards the end of this month or early August.
Toyota Tsusho starts trade in Japan bunker market First trade for 180 cst bunker fuel was processed on Wednesday.
Vopak gets commitments for $154 million growth capital Four investors participating in renewed program to fund expansion projects.
Credit insurer refuses cover to ZIM's bunker suppliers ZIM says the insurer is 'is reviewing the entire shipping industry'.
- 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
