PSA's Kuah Boon Wee quits to join MTQ PSA International's CEO for the Middle East and South Asia, Kuah Boon Wee, has resigned to join oilfield equipment engineering specialist MTQ Corporation as its CEO from July 1.
Drydocks S-E Asia sees flat sales this year Ship and rig builder Drydocks World is aiming to generate US$800 million worth of sales from South-east Asia this year, steady from 2009, signalling the offshore marine industry remains cautious after the financial crisis.
Coal carrier officers charged over damage to Great Barrier Reef Australian authorities yesterday arrested and charged the master and officer on watch of the Chinese coal carrier which ran aground on the Great Barrier Reef, damaging the famous marine park.
Terminals call for dry bulk design rethink Poor specifications for bulkers being pushed through for 2011 delivery could put lives at risk
Ransom payments could fall foul of Obama order Executive order will block US property of entities determined to be contributing to the Somalia conflict
Asian crude demand fuels tanker recovery Brokers upgrade listed tanker stocks to reflect turnaround in fortunes
Liberal Democrats manifesto pledges £400m for UK shipyards Funding to facilitate yard conversions to the manufacture of offshore wind turbines and other marine renewable energy equipment
Bigger fleet boosts Nakilat profits First quarter profits trebles as company takes delivery of 17 new LNG carriers in 2009
Maritime judge's car blown up A JUDGE involved in high-profile maritime disputes in the Philippines was targeted by a bomber today in Manila
Deadline nears for safety awards THERE are just a few days left to enter this year's Safety at Sea International Awards, which recognise innovation across the safety spectrum
Obama issues piracy order US PRESIDENT Barack Obama has issued an executive order allowing US financial asset freezes of Somali piracy groups
Keppel buys Brazil yard KEPPEL Singmarine announced today that it has bought the Estaleiro TWB shipyard in the Brazilian city of Navegantes
Ivory Coast ports slowed A STRIKE by transport workers is reportedly slowing port activity in Ivory Coast, with workers today blocking access to fuel stations
Insurer help sought in piracy war THE MARINE insurance industry must take a greater role in promoting anti-piracy efforts, a UK parliamentary report has recommended
Athens taken to court on yard THE EC announced today that it will refer Greece to the European Court of Justice, where Athens will be accused granting unlawful aid to Hellenic Shipyards
US holds 'secret' piracy panel Maritime big wigs gear up for 'secret' meeting in Washington as experts seek answers to questions raised by new US piracy policy.
Obama delivers piracy plan US President Obama issues executive order allowing US Treasury to freeze financial assets linked to Somali piracy groups.
Helix scores Statoil stamp Houston-based offshore owner lands contract from Norwegian oil major to aid in development of subsea service vessel.
Trico Marine offloads OSV Joe Compofelice-led offshore outift pockets $16m in anchor handler sale while subsea arm reveals $20m in fresh contracts.
Delays to hit 25% of VLs One in four VLCC newbuildings for 2010 will not deliver this year due to financial difficulties and yard hold-ups, says RS Platou Markets.
TEN admits Hesnes sale Nikolas Tsakos-led owner mum on details of tanker sale reported by TradeWinds a fortnight ago.
Hallin ROV gang shoots to fame Hunt for scuttled mafia ships off Italian coast ends with history dons happy.
Statoil fix spurs Seadrill buy John Fredriksen-backed offshore driller takes option on Jurong newbuilding after penning $650m charter with Norwegian oil firm.
Acergy prospers in the first Nasdaq-listed offshore shipowner posts strong rise in profit to start off 2010.
Essar bulker spills oil Fuel oil reaches beach after Malavika hit by out-of-control barge in Orissa, India.
SBM close to Petrobras deal Dutch FPSO player receives pre-commitment from Petrobras for Brazilian offshore contract.
Greece in EC hot water European Commission comes knocking for millions in 'illegal' subsidies made to Hellenic Shipyards.
Keppel buys TWB yard Singapore shipbuilder to spend $50m on Brazilian shipyard to boost offshore support vessel capacity.
Shen Neng crew arrested Master and officer-of-the-watch set court date after being charged with Great Barrier Reef grounding.
"Drunk" master held in Denmark Russian captain arrested after general cargoship heads straight towards power station in Oresund.
CMT inks $129m cape brace Chinese Maritime Transport's 203,000-dwt pair at CSBC more expensive than Diana bulkers.
Skuld dealt tax setback Douglas Jacobsohn led protection and indemnity club to appeal $19m court ruling in favour of the Norwegian state.
'Ban bulkers from Barrier Reef' Australian Conservation Foundation demands coal ships find a new way in and out of port.
Kreuz fined over fire deaths Singapore shipyard admits safety failings in two 2008 incidents that killed three workers.
Moby to list this year Vincenzo Onorato's ferry group to start "new phase of growth" with Milan IPO.
Batista rules out second IPO Brazilian billionaire will not offer holding company EBX to the market after OSX shipyard IPO disappoints.
Diana's deal looks hot Analysts hail NYSE-listed owner's $118m newbuilding move as "shrewd" and "attractive".
Barge capsizes off US coast USCG rescue crews rush to contain a fuel spill as diesel spews from a barge which capsized near the Charles River Tuesday.
South Africa mulls repair yard Ports operator Transnet planning new shipyard to cater for re-routed vessels.
Marinakis' stake worth $40m Crude Carriers' chairman holds 14.4% of the newly-listed shipowner helped by repeat visits to his stockbroker of late.
Otto opts for notes issue Singapore offshore shipowner lines up SGD 500m sale to refinance existing debt.
Titan trims full-year losses Hong Kong shipbuilder and storage specialist slashes losses as it pulls out of VLCC trading.
Singapore sets new high Container volumes passing through Singapore reach their highest level since financial crisis.
Drunk captain taken ashore by Danish police The Russian captain on the Moldavia-registered coaster Harmonia has been taken into custody by the Danish police after an incident in the Bay of Køge. The VTS Øresund sent
Australia arrests officers on grounded ship On Wednesday, the Australian police arrested two senior crew members of the Chinese coal ship Shen Neng 1 which ran aground on the Great Barrier Reef, charging them with damaging
Russian yard refuses to pay damages to Odfjell At the end of December last year, a court of arbitration in Stockholm ruled in favour of Odfjell against the Russian state-owned yard Sevmash ' but the yard is refusing
Somalia to combat piracy Somalia's interim government and the semi-autonomous region of Puntland vowed on Tuesday to work together to attack pirate lairs along the Horn of Africa nation's coast to try to
NGOs slam Bangladesh's ship-breaking law move The Bangladeshi government has amended a law allowing the world's largest shipbreaking industry to no longer require documentation from selling nations' environmental authorities certifying the vessels are free of toxic
Fujairah prices bounce back NYMEX showing gains of more than $1 in early trading.
Captain and senior officer arrested after Australian bunker spill Officer on watch could face three years in jail.
World's largest cruise ship in new technology deal Six Royal Caribbean vessels to deploy technology from Eniram to increase fuel efficiency.
Work starts to lift bunkers from Alaskan wreck Operation to serve as a model for other oil-leak prevention projects.
Buyer mulls costly LSFO alternatives Planning 1.00% sulphur fuel purchases from June, lack of MDO as alternative for compliance.
Singapore market firms, demand low Most Asian markets seeing strong supply levels.
Singapore sees 10% growth in March container volumes Box throughput and bunker sales showing similar trends.
Global oil demand to reach record high in 2010 IEA expects oil consumption to reach a record average of 86.6 million bpd in 2010.
Titan still in the red but terminal revenues surge Net loss of close to $69 million in 2009; completion of Exchange Offer critical and urgent for 2010.
Thailand bunker operations not affected by riots Business as usual for the Thailand bunker sector, despite riots in Bangkok.
Brightoil to raise up to $189 million Enters into share placing agreement.
- 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
