Shiprepair event moving from London to Dubai THE annual Shiprepair and Conversion Conference and Exhibition, which was held at London's Olympia last week, is moving to Dubai next year, the organisers have announced.
Bulk rates rise again to near-record highs PANAMAX dry bulk rates rose this week to stand more than a third above their levels a year ago, driven by voracious demand in China and across Asia for iron ore and grains before Christmas, brokers said yesterday.
Clogged Russian ports slow oil, coal exports OAO Russian Railways, the country's rail monopoly, said a backlog at Russian ports worsened, slowing oil and coal exports.
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
Shiprepair event moving from London to Dubai THE annual Shiprepair and Conversion Conference and Exhibition, which was held at London's Olympia last week, is moving to Dubai next year, the organisers have announced.
Bulk rates rise again to near-record highs PANAMAX dry bulk rates rose this week to stand more than a third above their levels a year ago, driven by voracious demand in China and across Asia for iron ore and grains before Christmas, brokers said yesterday.
Clogged Russian ports slow oil, coal exports OAO Russian Railways, the country's rail monopoly, said a backlog at Russian ports worsened, slowing oil and coal exports.
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
Shiprepair event moving from London to Dubai THE annual Shiprepair and Conversion Conference and Exhibition, which was held at London's Olympia last week, is moving to Dubai next year, the organisers have announced.
Bulk rates rise again to near-record highs PANAMAX dry bulk rates rose this week to stand more than a third above their levels a year ago, driven by voracious demand in China and across Asia for iron ore and grains before Christmas, brokers said yesterday.
Clogged Russian ports slow oil, coal exports OAO Russian Railways, the country's rail monopoly, said a backlog at Russian ports worsened, slowing oil and coal exports.
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
Europe-Asia arbitrage charter rates soar over $10m Freight rates soaring but arbitrage bookings continue amid glut of European high sulphur fuel oil.
FAMM launches new external website
Panama: Public bid likely for ailing APSA terminal APSA's alleged breach of contract and lack of investment in bunker-supply terminal paves way for public bid for terminal concession, sources tell Bunkerworld.
Rotterdam barge market sharply lower as crude eases Softer crude contributes to rapid fall in Rotterdam's trade market for fuel oil, but barge loading delays persist at major terminal.
London broker sets up own company Broker hopes to build business drawing on more than 20 years of experience in the maritime and bunkering industries.
Legal bunkering could become a $3.5 billion business in Nigeria Nigeria's economy could gain billions in revenue from a legitimate, standardised bunker industry, says shipowners association. The country's suppliers are less hopeful.
Some players sidelined in Fujairah until resupply Busy barge schedules or lack of product is keeping prompt supply opportunities limited to one or two suppliers.
Resupply makes little difference to Hong Kong spot avails Suppliers seeing the cycle of heavily committed resupply continuing for the rest of the month.
New automatic viscosity control system launched New automatic viscosity control system launched to optimise engine performance and efficient fuel combustion.
Singapore sales top 2 million mt for second month Bunker sales volumes for October in the world's largest bunker market exceeded two million metric tonnes (mt) for the second consecutive month.
Rotterdam little changed amid continued congestion
Oil prices jump on winter worries, Norway outage Oil prices jump in London and New York as a gas leak closed a large Norwegian North Sea oil field amid fears of a colder-than-normal US winter
Singapore port buys big stake in rival Hong Kong terminal SINGAPORE terminal operator PSA International has broken into the rival port of Hong Kong paying a hefty price for a 57% stake in Asia Container Terminals.
Teh succeeds with ACT stake THE buy into ACT represents one of the few successes in terms of international acquisitions for PSA chief executive Eddie Teh since he was hired by PSA two years ago, writes Marcus Hand and Sam Chambers.
Eitzen bids for other 60% of Sigloo Gas EXPANSIVE Norwegian shipowner Camillo Eitzen has launched an offer for the remaining 60% of Sigloo Gas KS outside its control following its purchase earlier this year of the small carrier fleet from Norwegian shipping group Bergesen, writes Jerry Frank.
Sovcomflot/NYK in LNG plan The liquefied natural gas shipping joint venture between Russia Sovcomflot and Japan's NYK aims to double the number of vessels under its control during the next five years.
European insurance buyers plan inquiries into brokers' pay BIG European buyers of insurance plan to intervene in the international imbroglio over the way that brokers are paid.
Stena to focus on ice training A looming shortage of ice-trained tanker personnel has forced Sweden's Stena Bulk to restrict training at its Northern Marine sea school in Glasgow to ice personnel only
Athos spill disrupts oil supplies GASOLINE futures spiked this morning in US trading as fears grew that Delaware River refineries will soon run dry as a result of the Athos I incident
Box charter rates scale new highs Containership charter rates are set to climb even higher as carriers compete for a fast-shrinking supply of vessels to keep pace with buoyant cargo growth on key liner trade routes.
'Case-by-case' moves after Del. spill Coast Guard frees up some lower river traffic as probers finds second gash in leaking oil tanker.
PSA secures Kwai Chung foothold PSA Corp of Singapore will acquire a 57% stake of Asia Container Terminals (ACT) in Kwai Chung from Hong Kong's giant property developer Sun Hung Kai Properties (SHKP).
APL and MOL to launch joint S America service
Yang Ming and SITC agreed to swap slot
Russia and Ukraine eye unite to upgrade river ships
Search still on for Philly hazard Environmental officials proclaim "catastrophe" in Tsakos tanker spill.
Euronav mulls Asian deals CMB divorce may trigger move to create "acquisition currency" through listing on Far East exchange.
Sovcomflot eyes LNG growth Russian owner wants to double its LNG carrier fleet in next five years as it courts Gazprom business.
OMI takes back more shares Connecticut tanker owner prices $225m bond issue at 2.875% rate.
Belarus moves into Klaipeda Land-locked nation wants to create merchant fleet based in Lithuanian port.
Baosteel on COA spree China's biggest steelmaker is tying up huge long term deals to transport raw materials with the likes of Kleimar, Zodiac, NYK, MOL and Cosco.
Incat posts profit But yard continues to struggle as order drought persists.
Hyproc raises sights The shipping arm of Algerian state oil company Sonatrach wants more tankers and gas ships.
Odfjell okays NOK 130m payout EGM approves interim dividend and two-for-one stock split.
Eitzen bids to take over Sigloo Norwegian owner makes offer for remaining 60% of seven-ship gas fleet.
KSINC steps up tourist drive Indian ferry owner revamps old ship to draw in wealthy domestic customers.
Fesco on the block Russian state to offer 20% of shipowner at auction by end of the year.
Singapore sets bunker record Lion Republic sees highest level of monthly sales in September since records began in 1999.
Second terminal for Mombasa Kenyan government to spend $98m on new containership facility to ease congestion.
Bulker grounds in Great Lakes Loaded Greek-flagged handysize bulker runs into trouble in northern US-Canada inland waterway.
Rumpus on Sydney ferry Engineer and master dispute use of single engine at Balmain docks.
MOL and APL team up Japanese and Singapore liner operators to launch new South American west coast service early next year.
Bangladesh calls in air force Chittagong port officials have asked for coastal air patrols to help combat piracy threat to shipping.
TTA gets Century Sea early Unexpected windfall for Thai owner as it takes delivery of secondhand handymax ahead of schedule.
Leading banks declare Arlington share options The banks leading the introduction of the Arlington Tankers share on the New York Stock Exchange have declared their share ...
Record high profit for D/S "Norden" Dampskibssselskabet "Norden" showed a new record with its the third quarter result. A profit of USD 198.7 million (EUR 149.9 ...
Norwegian energy company takes Northern Oil The Norwegian controlled energy company Naturgass AS has bought John Fredriksen's share of Northern Oil to build a big quoted ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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