Supertanker rates heading for a 35% slump The most profitable supertanker market in more than a year is heading for a 35 per cent slump as oil refineries from Japan to the UK shut for maintenance and leave a surplus of vessels.
Big Iraqi port being built An Italian group will begin construction in a month's time on what will become Iraq's largest shipping port, the Iraqi Transport Minister Amer Abduljabbar Ismail announced on Monday. The facility at Fao, at the southernmost tip of the country, will be fed by a new rail line linking it to the Turkish border in the north.
Stricter rules on the cards after latest ship grounding Australia flagged a review of shipping laws on Tuesday after a coal ship ran aground on the Great Barrier Reef and environmentalists warned that the Asia resource boom was turning the fragile reef into a 'coal highway'.
Strait Talk
Confidence rising - but dangers lurk ON THE face of it, last week's gloomy assessment of the shipping markets - based mainly on Maersk Line's view of the liner business - is contradicted by the new survey of confidence levels in the industry.
Supertanker rates heading for a 35% slump The most profitable supertanker market in more than a year is heading for a 35 per cent slump as oil refineries from Japan to the UK shut for maintenance and leave a surplus of vessels.
Big Iraqi port being built An Italian group will begin construction in a month's time on what will become Iraq's largest shipping port, the Iraqi Transport Minister Amer Abduljabbar Ismail announced on Monday. The facility at Fao, at the southernmost tip of the country, will be fed by a new rail line linking it to the Turkish border in the north.
Stricter rules on the cards after latest ship grounding Australia flagged a review of shipping laws on Tuesday after a coal ship ran aground on the Great Barrier Reef and environmentalists warned that the Asia resource boom was turning the fragile reef into a 'coal highway'.
Strait Talk
Confidence rising - but dangers lurk ON THE face of it, last week's gloomy assessment of the shipping markets - based mainly on Maersk Line's view of the liner business - is contradicted by the new survey of confidence levels in the industry.
Tideworks Technology introduces comprehensive intermodal terminal operating system Tideworks Technology, a leading provider of full-service terminal management and planning software solutions, has announced availability of Intermodal Pro, a comprehensive terminal...
Hamburg Süd changes Mediterranean service Hamburg-based Hamburg Süd's Europe Mediterranean service (EMS) is calling at Aliaga (TCEEGE Terminal) instead of Izmir (Alsancak), with immediate effect. The first sailing was...
Amsterdam seaports fourth in Europe Amsterdam's seaports secured the fourth position on the list of European ports in 2009. This performance clearly shows that the port region has been doing well compared to the rest...
Yard fire kills three, burns six SIX WORKERS were being treated for burns today at a Shanghai hospital after a shipyard flash fire killed three fellow workers
'Heaven/hell' seen for tankers TANKER operators can be certain of one thing, even in a time of mixed views on the sector's outlook, Bj'rn Knutsen, senior analyst at First Securities in Oslo, told Fairplay today
TCC secures three more ships A CONTAINER shipping newcomer has nearly lined up the full string of charter vessels for its inaugural Great Dragon trans-Pacific service
NewLead seals drop-down deal NEWLEAD Holdings announced today that it has completed its drop-down acquisition of four bulkers and two product tankers from controlling shareholder Grandunion
Seadrill heads to NYSE THE NEW York Stock Exchange continues to woo new shipping names, with Norway's Seadrill announcing today that it will list on 15 April
Malaysia arms curbs advance MALAYSIA has advanced legislation to control shipments of nuclear arms components, IHS Global Insight reported today
Ferry hobbles into port HUNDREDS of passengers on a Stena Line ferry were safe today after nearly needing to abandon ship
VLCC with USD billion cargo hijacked off the Somali coast The Marshal Islands flagged VLCC Samho Dream, was hijacked by pirates approximately 600 nautical miles off the Somali coast in the early hours of 4 April and has been taken
Europe has the shipping industry firmly in its sights Australian shipowners are warned of the impact of Europe's emissions trading scheme from 2011 and the need to be prepared.
Strong gains in Rotterdam, Hamburg MGO prices in Rotterdam up by $31 pmt.
KPC offers third fuel oil parcel for April lifting Offers expected by Wednesday for cracked 380-centistokes (cSt) cargo.
Prices lack direction in Fujairah Fujairah MGO prices up by $8 per metric tonne.
Cruise line recognised for 'voluntary efforts' Venice Blue Flag award goes to the same ship for third consecutive year.
Trading manager leaves Chemoil Cem Saral resigns from company after eight years of various roles.
Grounded bulker to be debunkered Australian prime minister promises 'to bring to account' those responsible for Barrier Reef spill.
MOL's new technology research starts operation Will serve as R&D hub on ways to improve safety, reduce costs, and adopt environment-friendly technologies.
Sinopec to set up new bunkering arm Players say it will be 'a new force' in China's bunker market.
Singapore bunker prices firming Suppliers in other Asian ports trying to suppress price rises given 'well below-average' spot demand.
Singapore underground storage construction delayed again Latest technical issues said to be more serious than the other project hiccups.
Tanjung Pelepas bunker hub 'on track' Developer/operating company sources say project moving along and will be operational.
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