Analysts doubt freight hikes can be sustained ANALYSTS are sceptical about the sustainability of soon-to-be raised freight rates announced by at least three large container shippers recently.
Pelepas sees 9% rise in throughput While most ports in the region are expecting to see a drop in their throughput this year, Malaysia's leading container terminal, the Port of Tanjung Pelepas (PTP), in Johor, is expecting quite the opposite. PTP is ranked among the top 20 busiest container terminals in the world.
US Prestige ruling reversed A US appeals court has reversed the dismissal of the $1Bn suit against American Bureau of Shipping by Spain, which is seeking compensation for the 2002 sinking of the Prestige
Hebei Two lash out at treatment THE Hebei Two have lashed out at what they term as "inhuman" treatment in South Korea after returning to India following a confinement stretching to 540 days
Horizon settles antitrust suit HORIZON Lines today announced a settlement with class-action shipper plaintiffs in Puerto Rico, which had alleged price-fixing
Hebei Two release sharpens debate AS THE Hebei Spirit Two prepared to fly home to India overnight from South Korea, Nautilus and BIMCO used a flood of reactions today from shipping leaders to attack seafarer criminalisation
Brazil's pork restored to Russia RUSSIA, which has had recent food fights with both Belarus and Egypt, has halted a pork dispute with Brazil that's been squealing for more than three and a half years
'Checks and balances' for Klang? MALAYSIA has appointed the Transparency International Malaysia NGO to oversee Port Klang Free Zone, in response to the release ' finally ' of an independent audit chronicling malfeasance
HCI Capital axing 36 jobs LEADING German ship KG house HCI Capital said today it will reduce its workforce in Hamburg and Bremen by 36, seeking save €5.2M ($7.3M) in wages over the next two years
Is a Doha Round deal set to boost the fortunes of ocean carriers? Amid the green shoots-inducing news this week, a communique on Tuesday (June 9) released by the Cairns Group, following its conference in, Bali, Indonesia, could be the silver-bullet that turns the insecure saplings into deep-rooting evergreen growth.
Attack off Oman Pirates hijack cargoship and take it toward Somalia in another attack in Omani waters.
Dismissal-bound American Bureau of Shipping spokesman says latest court ruling is a "roadmap for dismissal".
Prestige reversed US appeals court revives Spain's lawsuit against the American Bureau of Shipping in the sinking of the Prestige.
Horizon settles Container line to pay $20m and freeze freight rates for two years to resolve price fixing litigation.
Family sells Aldo Grimaldi and his two daughters offload their shares in Grandi Navi Veloci to trio of investment funds.
Oasis mystery Royal Caribbean's sea trials of the Oasis of the Seas leads to question marks as the owner tries out an aerostat.
Mehrotra steps in Ravi Mehrotra buys a 10% stake in Cecon and takes share of bond loan in deal worth nearly $7m to the Norwegian company.
Ship hits bottom No signs of pollution after Torm products tanker touches bottom off Maine.
It's quotes time Bourbon tries to slip something through the x-ray machine and could an M-14 be the new peacemaker.
Bulkers attacked Pirates rob crew of anchored supramax off Nigeria, while Turkish crew throw all they have got at gang of ten to prevent hijacking off Oman.
Sinking feeling Getting nervous two years ago spared Peter Georgiopoulos the worst of the shipping crisis, he tells US TV.
Growing pains BC Ferries full-year profit tumbles following recent spending on expansion ' fourth quarter losses increase.
Songa upbeat Shares in Norwegian offshore player on the march after $80m private placement and moves to slice its debt.
Todd profit cut NYSE-listed shipyard sees full-year and fourth quarter figures tumble due to falling revenue.
Akti N refloated Dutch and Belgian salvage team rescues Greek handysize tanker that had run aground off Vlissingen.
Decline slowing US port of Long Beach says throughput remains on downward trajectory, but at reduced rate.
Norwegian maritime strategy successful Secretary of State Rikke Lind has presented a report on the Norwegian government's maritime strategy. The report shows that Norway's position as a maritime nation has been strengthened in several
Krogius buys Marconova The Finnish company Oy Lars Krogius Ab has acquired the Swedish marine consulting company Marconova Survey AB, which will change its name to Lars Krogius Marconova AB. The Krogius Group
Bergen Group in NOK 1.8 billion deal Bergen Group has, through its subsidiary Bergen Group BMV, signed a Memorandum of Understanding with the German shipping company SAL Schiffahrtskontor Altes Land GmbH & Co KG (SAL) for the construction
Fourth cement carrier sold for recycling in Denmark The Gotland Cement became the fourth Norwegian-controlled cement carrier to be sold for recycling in Denmark. The Danish tug Vitus towed the Gotland Cement to Esbjerg from Szczecin, Poland
"Hebei Two" freed Captain Jasprit Chawla and Chief Officer Syam Chetan from the Hebei Spirit have been released by the South Korean Supreme Court after being held in South Korea for 550 days
Ship accidents in the Baltic Sea on the rise A total of 135 ship accidents took place in the Baltic marine area in 2008, which is 15 more than the year before and 18 more than in 2006. "The
Prices retreat in key ports on mixed day for bunkers New York, Houston and Los Angeles softer to end week.
European Bunker markets end week mixed Rotterdam market remains 'very quiet'.
Company expands its US bunker operation TEPPCO buys the marine assets of TransMontaigne.
'Rigorous' monitoring can cut costs and emissions DNV says TOP programme can cut bunker consumption by up to 5%.
Japan's bonded bunker sales fall April sales down over 11% year-on-year.
Asian bunker prices close the week 'soft' Demand for bunker products 'below average,' Singapore players say.
K Line cuts back on costs, routes Container shipping business puts 'pressure' on profits.
Tanker association repeats call for postponement of EU sulphur caps INTERTANKO warns that 2010 deadline is 'unworkable'.
Ecospec corrects approval claim for its scrubber Company says it received product design assessment certification rather than full type-approval from ABS.
Hong Kong to submit bill on Bunker Convention Ratification of convention at the end of this year is progressing 'smoothly'.
Iranian supplier to start in two Gulf ports New bunkering location 'viable alternative' for ships going to the Far East.
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