Call for more help to boost strait security SINGAPORE's Defence Minister Teo Chee Hean said yesterday that joint patrols of the Malacca Strait with Indonesia and Malaysia were 'a good start', but that other countries could help boost security in the key shipping lane.
PSA gave its best shot in bid for CSX assets IT'S starting to look a lot like deja vu. News that global upstart Dubai Ports International has pipped PSA International and other major terminal players in the competition to buy the global network of CSX World Terminals prompted the thought: 'Another overseas expansion attempt, another failed bid.'
PSA November throughput rises 12% PSA International Ltd, operator of the world's second-busiest container port, handled 12 per cent more containers last month at its ports globally as demand for products made in Asia increased.
Admiralty Casebook
Shipowner not liable for cargo safety under charterparty THE House of Lords in the UK last month refused to depart from a 50-year-old decision that allows signatories to a charterparty to agree to relieve a shipowner of its obligations under the Hague Rules or Hague-Visby Rules to safely load and stow cargo.
Call for more help to boost strait security SINGAPORE's Defence Minister Teo Chee Hean said yesterday that joint patrols of the Malacca Strait with Indonesia and Malaysia were 'a good start', but that other countries could help boost security in the key shipping lane.
PSA gave its best shot in bid for CSX assets IT'S starting to look a lot like deja vu. News that global upstart Dubai Ports International has pipped PSA International and other major terminal players in the competition to buy the global network of CSX World Terminals prompted the thought: 'Another overseas expansion attempt, another failed bid.'
PSA November throughput rises 12% PSA International Ltd, operator of the world's second-busiest container port, handled 12 per cent more containers last month at its ports globally as demand for products made in Asia increased.
Admiralty Casebook
Shipowner not liable for cargo safety under charterparty THE House of Lords in the UK last month refused to depart from a 50-year-old decision that allows signatories to a charterparty to agree to relieve a shipowner of its obligations under the Hague Rules or Hague-Visby Rules to safely load and stow cargo.
Saudi production cut hint spurs oil, bunker rise Saudi minister's eleventh hour claims that 'OPEC needs to act to stabilize the market' spooks traders prior to tomorrow's Cairo meeting.
EMSA to charter bunker barges for spill response Contracts to be sought with bunker suppliers and barge operators to fit anti-pollution equipment and lease vessels during spill emergencies.
Possible OPEC cut behind recent fuel oil rally Fuel oil prices moved contrary to crude futures earlier this week, rallying on fears that OPEC is about to rein in production of heavy crude to stem price fall.
OPEC members split on production cut to halt crude slide OPEC members meeting tomorrow to discuss production levels are split over whether or not to reign in over-production.
Ship breaks in two off Alaska, rescue helicopter crashes Pollution abatement attempts continue as Coast Guard searches for missing crew members after ship breaks in two and rescue helicopter crashes.
Rotterdam firm ahead of Midday
Singapore fuel oil stocks plunge as traders clear ullage Fuel oil traders in Singapore reportedly discounting to clear ullage and make room for hefty arrivals towards the end of the month.
Collision causes huge bunker spill off southern China A collision between two containerships in southern China has resulted in what state television has called the worst oil spill in five years.
Titan signs 3 million tonne fuel oil contract Titan Petrochemicals Group has signed a one year renewable contract to trade and transport three million tonnes of Iranian fuel oil.
Dubai Ports International nabs CSX's terminals for $1.23bn HONG Kong, the world's largest container port, has a new operator after Dubai Ports International announced yesterday that its $1.15bn-plus bid assuming $80m of debt for CSX World Terminals has been approved.
Six seafarers missing after Alaska rescue helicopter crashes SIX seafarers were reported missing yesterday in a compound tragedy in Alaska.
Titan breaks into LNG market RAPIDLY expanding tanker owner Titan Petrochemicals is aiming for an LNG carrier fleet by 2008 as it signs a letter of intent for massive a transport contract from Iran to China.
General Maritime gain could net Frontline an annual $70m bounty Frontline could squeeze synergy benefits of up to $70m a year from a merger with General Maritime, according to Enskilda Securities, a leading Scandinavian investment bank, writes Tony Gray.
Dubai Ports to buy CSX terminals Bid of $1.15 billion vaults small operator onto world stage, beating out leading container port operators, Hutchison Whampoa and PSA International.
FDA imposes record-keeping rules Businesses involved with foreign or domestic food-supply chains will be required to keep and maintain records of food shipments.
"Seismic" change coming, says Horizon's Raymond
ILA maintenance talks continue
WCO announces plan for international cargo security
Apparel, footwear importers reject China safeguards
Long term effects of DPI's HK scoop as yet uncertain All eyes are on the, as yet unsigned, PSA purchase of a 57% stake in Asia Container Terminals (ACT) following Dubai Ports International's (DPI) scoop of CSX World Terminals (CSXWT).
Russian Rail proposal could reverse Russian ports policy Russian Rail's (RZhD) proposal to increase rail-tariffs to Russian ports while freezing land-crossing tariffs, from 2005, is the reversal of a two-year policy to redirect cargo to Russian ports.
Shippers urge collaboration on China's rail development
Carriers and exporters have high expectations of textile and clothing agreement
Up-to-panamax orders to rise next year, says Samsung Heavy Industries
FMC to meet over proposed new NVOCC rules
US Customs claims coup at World Customs Organization
Norway's Maritime Forum concerned for seafarers future Maritimt Forum has expressed concern for the future of Norwegian seamen as a result of the winding up of net ...
Denmark and Norway in top of flag state performance ranking Denmark, Norway, Germany and Isle of Man got no penalty points in the revised flag state performance ranking published by ...
Third 4-Runner Mk II to Transfennica Stena RoRo has chartered the "Stena Foreteller" to Transfennica, which now employs all three Stena 4-Runner Mk II sister ...
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