Oil spill clean-up moves into 3rd day EFFORTS to clean up an oil spill in the Singapore Straits moved into day three yesterday, after the vessels Bunga Kelana 3 and the Waily collided about 13 km south-east of Changi East on Tuesday.
Hanjin expects main routes to turn profitable HANJIN Shipping Co, South Korea's largest container line, expects a return to profit on its biggest routes as an economic recovery in the US revives demand for Asian-made goods.
Mitsui to expand capesize fleet 36% MITSUI OSK Lines Ltd, the operator of the world's largest merchant fleet, will boost its capesize fleet by 36 per cent over five years as China's economic growth spurs demand for steel for trains, roads and bridges.
South Africa strike settled A STRIKE causing major port disruption in South Africa was settled today when a union accepted a revised offer from Transnet, the government-run port and rail operator.
Nasty hurricane season seen THE 2010 Atlantic hurricane season will be "active to extremely active", a US government agency warned today
Seadrill finishes $1.2Bn deal NORWAY'S drilling company Seadrill said today it has completed the last stage of a deal to raise $1.2Bn
'Top kill' cuts Gulf leak flow ENGINEERS have had some success in stopping the flow of oil gushing into the Gulf of Mexico after a rig explosion, the US Coast Guard said today
Spanish ports lose out SPAIN'S parliament today approved by a single vote huge slashes in the budget deficit ' even though public works minister Jos' Blanco warned the cuts would delay transport projects
TUI doubles cruise fleet ROYAL Caribbean confirmed today that its cruise ship Mercury will be shifted from its Celebrity brand to TUI Cruises next year
NY-NJ volumes rise ' slowly CONTAINER volumes Port of New York & New Jersey rose in the first quarter but are still recovering from the worst year in a quarter of a century
Profits down, appetite healthy New York-listed Seadrill expects to grow thanks to the catastrophic Gulf of Mexico oil spill.
Freeseas 'turns corner' US-listed Greek handysize owner Freeseas says it has "turned a corner" after a quarter when the bottom line went from red to black figures.
SCF looks to STX for newbuild Russian shipowner Sovcomflot teams up with STX Europe to develop an oil spill response vessel for the Baltic.
Rainy Sky costs Metrostar Refund guarantee of $47m slips through Theodore Angelopoulos' fingers as appeal court rules in favour of Korean bank.
Warning about Turkish hydrostatic release unit already in 2007 Already in 2007, the British MCA sent out a warning about the Turkish hydrostatic release unit, which the Swedish Transportation Agency warned about yesterday after it had found that the
Wilhelmsen and Fredriksen's Golar in joint venture When John Fredriksen-controlled Golar LNG reported a net loss of USD 2.8 million for Q1, it also announcesd that Golar and Wilhelmsen Ship Management will team up in
LNG plant could trigger shipping boom via Northern Sea route Russian Novatek is planning to build an LNG production plant on the Yamal Peninsula to be completed in 2018 ' that might result in a shipping boom via the Northern Sea
Maersk sells UK supermarkets Dansk Supermarked, which is 68 per cent owned by A P Møller-Mærsk, has sold its UK supermarkets under the brand name Netto for a DKK 6,8 billion (GBP 778
Firm prices in north and south Europe Double-digit gains for high sulphur IFOs in south Europe.
Prices ease back in Middle East hub Congested barge schedules in Fujairah.
Slow steaming fuels discontent among shippers Complaints of supply-chain inefficiencies, prediction that liners will resume 'normal' services.
Recession, not ETS, behind 12% fall in EU carbon emissions Report says EU ETS 'carbon cap has become carbon trap' and has failed to cut industry emissions.
Singapore fuel oil stocks at 14-week low Singapore's middle distillates stocks also down 7.2%.
Prices continue to move in different directions Avails for June deliveries 'good', traders say.
Brightoil commences bunker sales in Rotterdam Executive director confident of increased bunker sales at the port by the end of the year.
BP head of global fuel oil trading, traders resign At least five fuel oil traders in the Singapore office left this week, reports say.
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