Alaska islands face oil slick crisis THOUSANDS of gallons of fuel oil spilling out of a Malaysian freighter that snapped in two off the US state of Alaska have put the Aleutian islands' fragile ecosystem in jeopardy, fuelling fears of an environmental crisis 15 years after the Exxon Valdez disaster.
Cosco Pacific in talks on China port investment: report BEIJING-backed container leasing and port investor Cosco Pacific is in talks with China's Ningbo Port about investing in a new container terminal, newspapers reported yesterday.
Frontline-General Maritime merger plan makes sense: analysts A possible merger between Norwegian tanker group Frontline and US rival General Maritime would make operational sense by creating a suezmax power house, analysts said.
CAO debt companies fear big brother favouritism Court agrees to six-week delay to allow debt payment plan to be drawn-up.
Singapore: First signs of renewed Chinese fuel oil interest After a spell of relative inactivity, Chinese buyers have shown the first signs of renewed interest, with demand expected to increase further due to stock building ahead of the Lunar New Year.
OPEC ministers agree to cease quota-busting OPEC members agree to cut production and adhere to its 27 million barrels per day quota in a bid to halt crude oil prices from sliding further.
Rotterdam barges still tight into next week
Alaskan grounding results in serious spill A grounded vessel which broke in two off Alaska has spilled a large amount of fuel oil, while search for missing crew members takes precedence over environmental threat.
Lube oil prices set to rise in the New Year Another lube oil producer cites rising costs for imminent price hike.
Sumatec to build PTP fuel oil and bunkering terminal Malaysian construction company set to build and operate another bunker facility at PTP.
Alaska oil pollution fears after bulk carrier tragedy AS THE search for six missing crew from the stricken Selendang Ayu was scaled back in Alaska at the weekend, involved parties faced up to a new reality ' a potentially disastrous oil spill in an environmentally sensitive area.
Opec wields axe on over-production OIL exports from the Middle East and North Africa are set to fall in late January as the Organisation of Petroleum Exporting Countries agrees to slash over- production to meet existing quotas.
HMM takes the rap for China's worst spill HYUNDAI Merchant Marine has taken the blame for the containership collision in the Pearl river delta last Thursday which has caused China's worst oil spill.
Nasdaq to delist Trico after share price slump TRICO Marine, the embattled Houston-based offshore support vessel company, confirmed Nasdaq would delist it from the exchange, effective December 17, because of its failure to comply with the required $1 per share minimum bid price, writes John McLaughlin.
Hamworthy signs reliquefaction deal HAMWORTHY has today announced four orders and letters of intent to supply eight ships with liquid natural gas reliquefaction systems, worth £48M ($92M) in total
Maersk to leave American VSA MAERSK Sealand is the latest shipping line to break from the Vessel Sharing Arrangement from East Coast South America to the US East Coast
Managers defend pollution charge THE managers of the LPG tanker Moritz Schulte have strongly protested against a Crench court ruling that found the tanker guilty of 'voluntary pollution'
Eitzen in $60M private placement CAMILLO Eitzen, the Norwegian bulk shipping group, has sold 6.7M shares to 'institutional and professional investors', in a deal worth NK376M ($62M)
Alaska Disaster While bad weather hampered a search for six crewmen missing after a freighter broke in two, spilled fuel threatened the Alaska coastline.
Ports will bear share of security costs, says Hutchinson
Global trade cycle peaked, say shippers, as rates begin their long slide Shippers are claiming that the container shipping cycle has reached its zenith, as early indications in rate negotiations show rates are stagnating in some regions and may fall in others.
Europe-Med pressure squeezes out Armada service
Russian dockers plan symbolic protest against rail-tariff increases
Concordia revises profit expectation Concordia Maritime in G'teborg now expects a SEK 730 million (EUR 80,8 million) pre-tax profit for 2004, SEK 20 ...
"Rocknes" bereaved will sue owners Bereaved of the 16 Filipino seamen, who lost their lives when the bulk carrier "Rocknes" hit a rock, capsized and ...
Bulker broke in two ' six crew members missing after helicopter crash Six crew members of the Malaysian flagged bulker "Selendang Ayu" are missing after a US Coast Guard rescue helicopter krashed ...
- 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
