PetroChina JV to seek marine fuel licence in S'pore PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6% Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.
Strait Talk
More can be done to tackle piracy LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.
Motoring
Hyundai Motor to invest US$9b in target Hyundai E&C South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.
PetroChina JV to seek marine fuel licence in S'pore PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6% Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.
Strait Talk
More can be done to tackle piracy LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.
Motoring
Hyundai Motor to invest US$9b in target Hyundai E&C South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.
PetroChina JV to seek marine fuel licence in S'pore PetroChina and China Ocean Shipping (Group) plan to apply for a licence to sell marine fuels in Singapore under a joint venture set up by them.
Crude tanker rates to hover near 11-mth lows on excess Rates for crude tankers on key Asian freight routes are likely to hover near 11-month lows this week as ample tonnage outweighs strong Chinese demand, shipbrokers said yesterday.
Sept box traffic at key ports down 6% Ship container volumes at the world's top nine ports fell by 6 per cent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.
Strait Talk
More can be done to tackle piracy LAST month the International Maritime Organization (IMO) and governments and shipping organisations around the world marked the UN-designated World Maritime Day, Sept 23, with the hand over a petition with 930,604 signatures on it.
Motoring
Hyundai Motor to invest US$9b in target Hyundai E&C South Korea's Hyundai Motor Co plans to invest US$9 billion in Hyundai Engineering & Construction as it wages a contentious battle with rival members of the Hyundai clan to win control of the country's top builder.
Menlo names Desmond Chan as MD for South Asia Menlo Worldwide Logistics, a subsidiary of the Con-way freight transportation company, has named Desmond Chan as the new managing director of its South Asia region (which covers Si...
MK Airlines stays grounded MK Airlines has officially gone into liquidation. The carrier entered administration in 2008, and exited via company voluntary arrangement (CVA) in February. The Hartfield, East Su...
Kuehne + Nagel again reports good quarterly figures The sales figures reported by the global logistics corporation Kuehne + Nagel, based in Schindellegi (Switzerland), grew by 18.6% in the first nine months of this year, compared wi...
Karl Dischinger subsidiary awarded AEO F certification KD-Projekt-Consulting GmbH (KDPC), which is a part of the German logistics company Karl Dischinger, has been an authorised economic operator F (AEO F) since 1 October. This certifi...
Trans-o-Flex expands rapid delivery network to Southeast Europe The Trans-o-Flex Logistics Group, a logistics and CEP service provider that is owned by the Austrian post office, has extended its international rapid delivery network to Slovenia,...
APM Terminals signs deal to operate port of Monrovia APM Terminals has signed a 25-year concession agreement to operate the port of Monrovia in Liberia. After APMT was named the preferred bidder in March, the port privatisation agree...
Aqaba Container Terminal berth expansion work commences King Abdullah II of Jordan recently inaugurated activities in the Aqaba Container Terminal's berth expansion project (announced in December 2009) and the operation of two new ship-...
CMA CGM upgrades northern Europe-US /Mexico service CMA CGM recently commenced its new Victory Bridge service, which links North Europe with the US Atlantic coast, Mexico and the US coast of the Gulf of Mexico. The service was previ...
Egypt Air enhances JFK freight volumes Egypt Air introduced a Boeing B777-300ER on its Cairo-New York JFK service yesterday, 13 days earlier than planned. The Egyptian flag carrier replaced its old B777-200ER. The 300ER...
Russian privatisation programme envisages sale of Aeroflot and RZD stakes The Russian finance minister Alexei Kudrin has been quoted as saying that a government privatisation programme includes the possibility of selling state stakes in Aeroflot and the ...
Teekay shuffles its assets PARENT Teekay Corp has announced a flurry of drop-down sales to daughter companies and a new VLCC joint venture for Teekay Tankers
P&O seeks aid in Dover fight P&O FERRIES has asked the UK transport minister to persuade the Dover Harbour Board to reconsider a planned tariff rise
South Korea LNG imports jump SOUTH Korea's LNG import volumes almost doubled year on year in September
Philippines typhoon stalls TYPHOON Juan virtually stalled today, the Philippine Atmospheric, Geophysical & Astronomical Services Administration said
Philadelphia developer chosen DELAWARE River Stevedores and Hyundai Merchant Marine America have won a bid to develop the Southport Marine Terminal in Philadelphia, Fairplay was told today
Drybulk earnings outlook trimmed JEFFERIES analyst Doug Mavrinac reduced his drybulk earnings estimates for 4Q10 and 2011 today, but still believes the sector will remain profitable
Croatia plans FLNG facility PLINACRO, Croatia's government-owned gas transmission operator, plans to install a floating LNG regasification facility at Omisalj, IHS Global Insight reported today
Greeks mull boxship IPO Costamare considering whether now is the time to break shipping's six-month dry spell at the Wall Street offering trough.
Bourbon plots dry-bulk exit Jacques de Chateauvieux-led company is selling its dry-cargo operation in a deal which will see it focus almost exclusively on the offshore market.
Euronav loss looks grim Listed tanker owner's third-quarter shortfall sheds light on market turmoil as chief executive slams competition's spot strategy.
Havila Shipping nets $38m Njal Saevik-headed shipowner completes funding of its orderbook with its latest trip to the bond market.
Petrobras fixes Prosafe floater Brazilian offshore workers prepare for new digs as Oslo-listed rig owner ties up $157M accommodation contract.
One dies as ships sink off Taiwan One dies and three missing from Taiwanese vessel as Hong Kong ship also sinks in typhoon.
NOL repeats the trick in Q3 Singapore liner group turns around big loss in third quarter to post huge profit.
Tallink swings back to black Estonian ferry owner thanks increased passenger and cargo volumes for return of full-year profit.
Dof secures state dinner Statnett keeps Oslo-listed offshore owner fed while it waits for Petrobras gig.
Jaccar jumps into gas venture Camillo Eitzen hands over 40% stake in Eitzen Ethylene Carriers to seal deal with Jacques de Chateauvieux-led investment fund.
Diana gets on property ladder Greek bulker owner buys headquarters building from entity controlled by CEO Simeon Palios to cut costs.
Four tankers grounded in storm Typhoon Juan plays havoc with shipping in the Philippines as ro-ros take shelter.
Olsen beats bond target Norwegian owner sells NOK 600m of debt, exceeding its own expectations.
STX PO to join Premier League South Korean owner's $1bn bulker order will promote it into the big four in the open-hatch sector.
Celebrity Century out of action Cruiseship cancels Med trip after damage found to rudder in Nice.
Antwerp keeps on growing Key Belgian port back to pre-recession levels as boxships drive cargo volumes.
HJH bulker refloated by tugs German-owned Sandnes went aground at entrance to Esbjerg harbour.
Brazil deal sparks STX stock Confirmation of $5bn consecutive voyage contract with Fibria Celulose sends shipowner's stock upwards in Seoul and Singapore.
STX snatches $5bn freight deal STX Pan-Ocean on the brink of ordering 20 bulkers after winning massive 25 year shipping contract with Brazilian pulp producer.
George teams with Teekay Teekay Tankers and George Chao's Wah Kwong to go halves on VLCC, as parent drops down tanker pair.
STXPO plans bond issue South Korean shipowner set to raise a further KRW200bn from investors with three year bond.
Judgment day for tanker owners All eyes turn to Antwerp where Euronav will today be the first tanker owner to show how the third quarter slump has scarred earnings.
Danish tanker attacked off Nigeria Herning crew injuried as armed robbers board Tina Theresa off Lagos.
Songa strikes gold with Statoil Arne Blystad-headed company pens near $380m contract for one of its rigs with Norwegian superpower.
Ferry sinks off Denmark Veteran Egholm II still three months away from starting new run when it went down in Aarhus Bay.
S'pore volumes ease back Lion Republic container traffic still up on 2009 figure, but shows further declines from July high.
Costa Classica cruise cancelled Big gash on starboard hull after collision puts paid to Italian vessel's next Asian voyage.
Qatar Navigation grows again Q-Ship acquisition paying off for Qatari container line as nine-month profit soars.
Private-equity eyes ACL US M&A fund on the fringe of splashing $777m to acquire Nasdaq-listed tug and barge giant.
Eurasia orders at Lamprell Russian drilling company books jack-up newbuilding order at Middle East offshore shipyard.
Crude markets lift NSCSA profit National Shipping Co of Saudi Arabia piles on profit in third quarter due to "improved average rates".
Turbine orders wind ship Naval architect set to design a new series of multi-purpose wind farm support vessels for UK player.
Liberian Daisy released The Liberian owned bulk carrier Voc Daisy has been released. She was hijacked in the Gulf of Aden, 190 nautical miles east south east of Salalah, Oman on April 21
IFO prices make strong gains in Fujairah NYMEX were showing losses of more than $1.50 in early trading.
Bunker numbers climb in European hubs Hamburg market quiet as buyers wait for prices to fall.
Total deploys bunker barge in Mauritius IFO and MGO now supplied ex-pipe and ex-barge.
Slow steaming helps NOL return to profit Shipping group record strong third quarter results.
Container traffic soars in north European hub Antwerp volumes 'back to pre-recession levels'.
Bunker deliveries halted in French hub ports Strikes and blockades disrupt fuel supply chain.
Firm bunker prices, average demand Moderate demand at Asian bunkering hubs on Tuesday, traders say.
Australian bunker supplier changes name No change to trading terms and existing credit lines.
Chemoil, Gulf Petrol secures $90 million loan for Fujairah terminal Storage terminal will be one of the 'largest bunker terminals' in the Middle East when completed in 2012.
Tokyo Bay sees tight avails of spot IFO 380 Refiner runs out of 380 cSt material for spot market, traders say.
Will the use of mass flow metering during bunker deliveries catch on? Flow metering will be one of the highlights at SIBCON 2010. Bunkerworld asks if this technology will be taken up by the industry.
Google Earth incorporated into ship routing tool AWT launches GlobalView, making it easier for fleet managers to pick the safest and most fuel-efficient routes for ships.
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