Strong attendance despite gloomy economic outlook The Sea Asia 2009 conference and exhibition has managed to overcome the recession to capture the imagination of the global shipping community with a packed exhibition hall and a quality conference programme.
Shipping's an inevitable course to take Dinner table conversation revolved around the shipping business while SS Teo was growing up, so it was inevitable that the managing director of Pacific International Lines (PIL), chairman of the Singapore Maritime Foundation (SMF) and president of the Singapore Shipping Association (SSA) would end up where he is today.
Shipowners may have cancelled 260 vessel orders Shipowners probably cancelled orders for 260 vessels carrying commodities and containers as the global recession choked demand and a credit crunch reduced funding, a consultant said.
Strait Talk
Just listen to the youngsters' suggestions DURING this Singapore Maritime Week a wide range of issues is being discussed, both in presentations and debates at the various events taking place and, no doubt, in the networking that is going on across the city as large numbers of shipping industry people from around the world gather here.
Strong attendance despite gloomy economic outlook The Sea Asia 2009 conference and exhibition has managed to overcome the recession to capture the imagination of the global shipping community with a packed exhibition hall and a quality conference programme.
Shipping's an inevitable course to take Dinner table conversation revolved around the shipping business while SS Teo was growing up, so it was inevitable that the managing director of Pacific International Lines (PIL), chairman of the Singapore Maritime Foundation (SMF) and president of the Singapore Shipping Association (SSA) would end up where he is today.
Shipowners may have cancelled 260 vessel orders Shipowners probably cancelled orders for 260 vessels carrying commodities and containers as the global recession choked demand and a credit crunch reduced funding, a consultant said.
Strait Talk
Just listen to the youngsters' suggestions DURING this Singapore Maritime Week a wide range of issues is being discussed, both in presentations and debates at the various events taking place and, no doubt, in the networking that is going on across the city as large numbers of shipping industry people from around the world gather here.
K+N also feeling slump The Kuehne + Nagel logistics corporation, based in Schindellegi (Switzerland), is also feeling the effects of the global economic slump. Turnover was down from CHF 5.31 to 4.29 bil...
TNT opens new regional hub in Singapore The Amsterdam-based Dutch postal group TNT has opened an expanded regional hub at the Changi Cargo Complex in Singapore. The SGD 20 million centre will serve as the company's nerve...
New Gazeley logistics centre for Zufall The real estate developer Gazeley recently handed over a 36,000 sqm centre in Kandel near Karlsruhe (Germany) to the Zufall Logistics Group. Zufall's subsidiary Logistec is taking ...
J. B. Hunt registers fall in operating revenue J. B. Hunt Transport Services has announced Q1/2009 net earnings of USD 30.8 million, compared to Q1/2008 earnings of USD 36.4 million. Total operating revenue for the current quar...
Dramatic cargo traffic decline in Brussels Cargo throughput at Brussels airport (Belgium) fell to 108,800 t in Q1/2009, a dramatic 48.5% drop from 211,200 t in Q1/2008.
KG houses will play decisive role for owners KG system would allow owners to sell and lease back vessels, says Lloyd Fonds chief executive Torsten Teichert.
Euronav secures $300m loan TANKER operator sees sharp fall in first quarter profits but manages to seal loan to fund six vessels.
Somali pirates free Stolt Strength as Nigeria gunmen attack tanker PIRATES release hijacked chemical tanker with all 23 Filipino national crew said to be safe.
Russians sentence ship master THE MASTER of a cargo ship involved in a fatal pursuit and sinking has been sentenced to three months in prison by a Russian court
Spanish port bill criticised SPAIN'S new transport and public works chiefs are under pressure to modify port legislation after a report from its antitrust authority warned that the bill could distort competition
Union queries Manila's Aden ban A MARITIME union leader criticised Manila today over a lack of guidelines for implementing a new government policy seeking to bar Filipino seafarers from sailing in the Gulf of Aden
Swedish Club curbs H&M losses MUTUAL marine insurance provider Swedish Club said today it is on track to restore the profitability of its hull & machinery book
Shippers told to keep costs low THE COUNCIL of Supply Chain Management Professionals is calling for European shippers to keep costs down by using best practice
Newcastle escapes coal gloom NINE-MONTH figures for the New South Wales port of Newcastle show King Coal's reign is strengthening, despite widespread reports of a downturn in demand
Buyers queue for Oz's Asciano UP TO 10 possible buyers are lining up for all or part of Asciano Group, owner of Australia's Patrick container terminals and Pacific National rail operations
Stolt Strength released after several months Somali pirates have released the chemical tanker Stolt Strength after holding the vessel for several months. The vessel was hijacked on November 10 off Somalia, while on route from Dakar
Filipino vessels and seafarers banned from piracy waters Gloria Arroyo, President of the Philippines, has banned Filipino seafarers from serving on vessels sailing outside the security corridors in the Gulf of Aden and close to the Somali coast
Mærsk to cut emissions A P Møller-Mærsk will reduce the emission levels on a new series of container carriers currently under construction at the South Korean shipyard Daewoo Heavy Industries. The series of
Petrobras plans to order 240 vessels Brazilian oil giant Petrobras is about to order 240 offshore vessels in the next few years, the company's CFO Almir Barbassa told Reuters. Petrobras executives are in South Korea to
Stiff terms for South Korean owners As much as 10 to 20 per cent of South Korea's 38 largest shipping companies will have to fight for their survival as local lenders are planning to put some
Russian oil exports increase In the first quarter of this year, Russian ports handled a total of 110.6 million tons of goods, which is 4.5% more than during the same period last
Novoship sells two ships The Russian tanker shipping company Novorossiysk Shipping Company (Novoship) has sold the 25,700 DWT bulk carrier Boris Livanov, built in Russia in 1986, and the 67,980 DWT crude oil tanker
Independent supplier wins Bunker Award Singapore award goes to a homegrown supplier.
Hong Kong-listed trader buying VLCC for $24 million Plans to use the vessel as floating storage facility near Singapore.
Bunker cost recovery 'essential' Container lines 'struggle' to cover costs.
Asian bunkers down on lower crude oil prices Monday's plunge in crude oil prices felt across most Asian markets on Tuesday.
Bunker slick causes pollution in Thai waters Slick believed to have come from a fishing vessel that sunk in the area 14 years ago.
Land-based demo site to showcase scrubber technology Ecospec to demonstrate device it says can reduce emissions of four pollutants in one treatment process.
O.W. Bunker appoints brokering accounts manager New position created to help build 'quality relationships with brokers'.
Oil at $50 'can help' economy recover New investments to increase oil output needed to avoid another cycle of high oil prices, UAE says.
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