Task force to bolster maritime security WARNING that a ship being turned into a floating bomb against Singapore assets is a 'very serious' threat, Deputy Prime Minister Tony Tan announced the elevation of the maritime security working group to that of a full task force.
Port adds more radars, personnel TWO new radar installations and additional personnel at the MPA's port operation's centre to monitor vessel traffic around sensitive waters like Jurong Island and Changi Naval Base are part of Singapore's additional maritime security measures.
Sembawang complies with new security code SEMBCORP Marine's Sembawang Shipyard is the first in Singapore to achieve compliance with the International Maritime Organisation's new security requirements.
Freight rates, volumes on the rise: NOL NEPTUNE Orient Lines Ltd, the world's sixth largest container shipping group, said strong long-haul volumes helped its average freight rates rise 16 per cent in the six weeks to Feb 6 from the year-ago period.
Freight rates, prices soar as China boom chokes ports CHINA'S thirst for raw materials is so strong that it is causing port congestion as far away as Australia, Brazil and West Africa.
Air and Land Transport
Korean Air plans US$9b expansion SOUTH Korean flag carrier Korean Air unveiled a massive expansion plan yesterday, aiming to boost its image and make it one of the world's top airlines with some US$6.6 billion to be spent on new aircraft.
Task force to bolster maritime security WARNING that a ship being turned into a floating bomb against Singapore assets is a 'very serious' threat, Deputy Prime Minister Tony Tan announced the elevation of the maritime security working group to that of a full task force.
Port adds more radars, personnel TWO new radar installations and additional personnel at the MPA's port operation's centre to monitor vessel traffic around sensitive waters like Jurong Island and Changi Naval Base are part of Singapore's additional maritime security measures.
Sembawang complies with new security code SEMBCORP Marine's Sembawang Shipyard is the first in Singapore to achieve compliance with the International Maritime Organisation's new security requirements.
Freight rates, volumes on the rise: NOL NEPTUNE Orient Lines Ltd, the world's sixth largest container shipping group, said strong long-haul volumes helped its average freight rates rise 16 per cent in the six weeks to Feb 6 from the year-ago period.
Freight rates, prices soar as China boom chokes ports CHINA'S thirst for raw materials is so strong that it is causing port congestion as far away as Australia, Brazil and West Africa.
Air and Land Transport
Korean Air plans US$9b expansion SOUTH Korean flag carrier Korean Air unveiled a massive expansion plan yesterday, aiming to boost its image and make it one of the world's top airlines with some US$6.6 billion to be spent on new aircraft.
Crude prices set for fall from fresh one-year highs Crude prices continued their relentless surge upwards yesterday with the highest closing prices since pre-Iraq war levels in mid-March last year, but the overbought nature of the market and OPEC leakage could send prices lower.
Freight rate explosion triggers spike in Japanese demand Japanese bunker suppliers greeted news of a near 18% year-on-year jump in February bunker sales with little surprise today, as an explosion in bulker freight rates continued to see owners and charterers avoid costly detours to Singapore for bunker-only calls.
Fujairah suppliers still busy for prompt dates Most players' first supply dates range from around the 4th to the 14th, due to barge congestion and lack of product. Some small players are OK for prompt supply.
Tight Hong Kong avails may finally ease Tight avails have continued to dog Hong Kong so far this week, with the latest resupply cargoes arriving in the port still seeing heavy commitment from the end of last month's trading.
Singapore fuel oil and bunker values slip again After a sharp rebound in fuel oil cargo and bunker fuel values in Singapore yesterday, prices slipped again today despite WTI crude gains last night.
Spill threat diminishes as hope wanes for missing crew Bunker fuel spilled from the sunken tanker Bow Mariner was being swept away from the US eastern coast today.
Keppel sells 10 boxships for $90m KEPPEL Group of Singapore has finally completed its long talked about exit from shipowning with the sale of 10 boxships to Interorient Navigation for $90m.
Fredriksen steals up on Nedlloyd NORWEGIAN tanker magnate John Fredriksen is understood to have become the second largest shareholder in Nedlloyd, which will soon become the parent of P&O Nedlloyd, one of the world's leading containership operators.
MEP Sterckx calls for states to resist criminalising seafarers THE European Parliament's temporary committee on improving safety at sea has released a draft report of its findings that highlights many of the fundamental challenges facing the shipping industry today.
Lloyd's List owner Informa in £1.1bn merger with publisher Taylor & Francis INFORMA, the publisher of Lloyd's List, yesterday unveiled a £1.1bn ($2.1bn) merger with Taylor & Francis, Europe's fourth-largest science and medical publisher, writes Julian Bray.
NCL waiver approval THE US General Accounting Office (GAO) has given its 'thumbs-up' to Norwegian Cruise Line's US-flag Hawaii venture
Löwer appeals against highest fine KLAUS Löwer, majority owner of New Zealand's defunct South Pacific Shipping, will appeal against last month's landmark NZ$7M ($4.8M) fine for 'reckless trading'
Lines count the cost at Santos THE strike by health inspectors at ports in Brazil enters its second week today with shipping lines estimated to be losing $1M per day
Mediterranean services restructured MAERSK Sealand and Hamburg-S'd/Ellerman have reached agreement on the North Europe-Turkey route to substantially reduce the capacity offered
Spanish strikes to drag on SPANISH unions will extend strike action throughout March after yet another break down in talks
Fredriksen buys into Nedlloyd JOHN Fredriksen, chairman of Frontline and Golar LNG, has acquired a 6.7% stake in Royal Nedlloyd, the Dutch company that owns 50% of P&O Nedlloyd
Evergreen union hearings open National Labor Relations Board judge begins hearings into allegations that Evergreen America derailed efforts by the International Longshoremen's Association to organize N.J. office employees.
Nedlloyd awaits tanker owner's next move as Fredriksen snaps up shares Norwegian tanker magnate John Fredriksen is understood to have become the second largest shareholder in Nedlloyd, soon to become the parent of P&O Nedlloyd.
'Dismal' shipping cycle prompts P&O Nedlloyd to call for more rate increases Further freight rate increases are required to ensure that container carriers can weather the down cycles, P&O Nedlloyd, director of corporate strategy, Tony Mason, told delegates at TOC Asia.
AADA milks strong market with new rises
FTA puts EC 'on notice' over digital tachograph compliance
Health inspectors' strike in Brazil brings havoc to ports
German owners continue Far Eastern ordering spree
P&O Ports effect major management reshuffle in India
Travel award yet again to Silja Line The award as best ferry company at the Swedish travel industry Grand Travel Award ceremony was presented to Silja Line ...
British-owned Emtunga delivers largest accomodation module Swedish based Pharmadule Emtunga is set to deliver its largest accommodation module ever built for the offshore industry. The module ...
"Bow Mariner" search abandoned The US Coast Guard will today abandon the search for more survivors from the sunken Odfjell product tankers "Bow Mariner ...
- 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
