S'pore, Malacca straits could be key terror targets: analysts SINGAPORE is 'doubly vulnerable' to a maritime terrorist attack because of its location at a vital international trade 'choke point', localised piracy and its importance to global shipping, two Singapore-based maritime experts have concluded.
Pirates open fire on S'pore-flagged tanker off Aceh A Singapore-flagged tanker sustained extensive damage in a brief but vicious attack when pirates armed with machine guns strafed the vessel with gunfire off Indonesia's war-torn Aceh province, according to the IMB's Piracy Reporting Centre.
Intertanko hopes to meet deadline THE International Association of Independent Tanker Owners, whose members operate about two-thirds of the world's tankers, said almost all of them will implement required anti-terrorist measures by a July deadline.
Teekay buys Tapias for US$810m TEEKAY Shipping Corp, the largest tanker owner by market value, has agreed to buy Naviera F Tapias SA of Spain, headed by Fernando Fernandez-Tapias, for US$810 million in cash and assumed debt to enter the fast-growing market for liquefied natural gas.
Poisonous chemical spills into Yangtze SOME 80 tonnes of the poisonous and flammable chemical cyclohexanone has leaked into the waters of the Yangtze river near Nanjing city after a collision between two tankers, state media reported yesterday.
Ishikawajima to license tanker technology to Samsung Heavy ISHIKAWAJIMA-Harima Industries Co, Japan's No 3 heavy machinery maker, has agreed to team up with Samsung Heavy Industries Co on the design of liquefied natural gas tankers.
Cruising ahead THE cruise ship industry boomed last year, showing it is recovering more than two years after the Sept 11 attacks hurt US tourism, according to industry officials meeting in Miami this week for a conference.
Industry sees no significant fallout from Spain blasts THE lucrative US cruise industry is worried that the Madrid bomb attacks could bring a Sept 11 impact, but for the moment reservations have held up.
Air and Land Transport
Jetstar won't hurt Qantas' sales, says chief executive QANTAS Airways chief executive officer Geoff Dixon says Jetstar, the low-cost domestic carrier the company will start in May, will focus on attracting holiday travellers and won't erode sales at its parent.
Virgin Express, SN Brussels in merger talks
Air Canada to lay off 70% of Calgary mechanics
Airlines urge US to adopt voluntary screening system
Plan to open Reagan National Airport to small planes
S'pore, Malacca straits could be key terror targets: analysts SINGAPORE is 'doubly vulnerable' to a maritime terrorist attack because of its location at a vital international trade 'choke point', localised piracy and its importance to global shipping, two Singapore-based maritime experts have concluded.
Pirates open fire on S'pore-flagged tanker off Aceh A Singapore-flagged tanker sustained extensive damage in a brief but vicious attack when pirates armed with machine guns strafed the vessel with gunfire off Indonesia's war-torn Aceh province, according to the IMB's Piracy Reporting Centre.
Intertanko hopes to meet deadline THE International Association of Independent Tanker Owners, whose members operate about two-thirds of the world's tankers, said almost all of them will implement required anti-terrorist measures by a July deadline.
Teekay buys Tapias for US$810m TEEKAY Shipping Corp, the largest tanker owner by market value, has agreed to buy Naviera F Tapias SA of Spain, headed by Fernando Fernandez-Tapias, for US$810 million in cash and assumed debt to enter the fast-growing market for liquefied natural gas.
Poisonous chemical spills into Yangtze SOME 80 tonnes of the poisonous and flammable chemical cyclohexanone has leaked into the waters of the Yangtze river near Nanjing city after a collision between two tankers, state media reported yesterday.
Ishikawajima to license tanker technology to Samsung Heavy ISHIKAWAJIMA-Harima Industries Co, Japan's No 3 heavy machinery maker, has agreed to team up with Samsung Heavy Industries Co on the design of liquefied natural gas tankers.
Cruising ahead THE cruise ship industry boomed last year, showing it is recovering more than two years after the Sept 11 attacks hurt US tourism, according to industry officials meeting in Miami this week for a conference.
Industry sees no significant fallout from Spain blasts THE lucrative US cruise industry is worried that the Madrid bomb attacks could bring a Sept 11 impact, but for the moment reservations have held up.
Air and Land Transport
Jetstar won't hurt Qantas' sales, says chief executive QANTAS Airways chief executive officer Geoff Dixon says Jetstar, the low-cost domestic carrier the company will start in May, will focus on attracting holiday travellers and won't erode sales at its parent.
Virgin Express, SN Brussels in merger talks
Air Canada to lay off 70% of Calgary mechanics
Airlines urge US to adopt voluntary screening system
Plan to open Reagan National Airport to small planes
OPEC production cut efforts unconvincing so far So far it looks like OPEC's efforts at reining in quota cheating in line with a February 10 announcement have been unimpressive.
Crude hits fresh highs despite anticipated US oil data Crude prices in London and New York shot to new one-year highs today after weekly US oil inventory data showed continued declines in the nation's gasoline inventories. An unexpected drop in refinery processing saw products inventories shrink, but allowed a larger-than-expected build in stocks of crude oil.
GAC unveils dedicated bunker service in Cairo
New office aimed at serving customers transiting Suez Canal and cargo vessels at Ain Sukna.
Healthy interest as Sri Lanka market leader introduces IFO380 Sri Lanka's leading bunker supplier Lanka Marine Services (Pvt) Ltd (LMS) has become the first player to start supply of IFO380 to ships calling at Colombo and Outside Port Limits (OPL) near Sri Lanka.
Spring arrives in Piraeus
New Saudi posted prices
Higher IFO180 premium still intact in South Korea
Glencore agrees storage and blending deal with KIC Oil Titan Oil denies market reports that Glencore will pull out of current storage deal.
Rotterdam fuel oil down, distillates up
Titan joins big league as Neptune deal completed Puchase of 22 oil product vessels constitutes major step towards Titan achieving its goal of becoming major oil services provider
Spills experts to gather in Singapore next week Experts to speak on the preparation, prevention and response that the shipping community can take to manage marine emergencies.
Competition investigators in swoop on Dutch salvage firms THE European Commission and the NMa, the Dutch Competition Authority, have simultaneously launched separate investigations into Dutch salvage and port towage operators.
Brown's budget is 'good news' for UK shipping THE UK maritime community continued to live a charmed life as the government's budget statement resisted inflicting measures against wealthy foreigners, including shipowners, and on UK tax leasing and capital allowances.
Tapias sale to Teekay catches unions off guard NEWS of Teekay's acquisition of Naviera F Tapias took Spanish seafarer unions by surprise yesterday, with labour representatives scrambling to assess the impact on the crews manning the Madrid-based company's fleet, writes Brian Reyes.
Hotel fate for the Norway? AMERICAN cruise afficianados may have seen the last of the historic steamship Norway , it emerged in Miami yesterday.
Masters can be Ship Security Officers confirms IMO A SHIPMASTER can be designated as his own Ship Security Officer under the provisions of the mandatory International Ship and Port Facility Security Code, according to a clarification from the IMO's Flag State Implementation Sub-Committee this week.
Cartel watchdogs hound salvors INVESTIGATORS from the European Commission and Dutch cartel watch dog NMa raided the head offices of Smit Internationale and Wijsm'ller yesterday evening looking for evidence of collusion on rates and market share
Mipo may name new chief executive YU Kwan Hong, chief executive of Hyundai Mipo shipyard, may move to the board of Hyundai Heavy Industries
Sulpicio strikers face suspension MORE than 100 seafarers with the Philippines operator Sulpicio Lines are facing cancellation of their seaman's books for their act of "insubordination and misconduct"
Spain mulls ship ministry change SPAIN'S new government may introduce the new post of transport minister according to a spokesman who also said changes to the Merchant Marine Authority were likely
Philippines kicks off trade drive THE route between the Philippine port of General Santos and Indonesia's Bitung has been reopened with the deployment of an Indonesian owned ship
Morocco: port strike threats MOROCCAN ports could be hit by strikes in the next few days, a port workers' union has warned, in a dispute over a tug company's working practices
FedEx profit up on costs cuts, trucking Overseas shipments, ground unit fuel better-than-expected earnings.
U.S. won't hike rail security funding Department of Homeland Security's Hutchinson tells House subcommittee Madrid attacks won't influence budget plans.
Reefer trade under threat from botulism says expert Controlled-atmosphere containers could create in-container environments which could cause the release of botulism toxin, says an expert, who warns that not all carriers and shippers are aware of the risk.
Fleet-expansion to help Cosco hit US$6.65billion turnover by 2010, says CEO Cosco is aiming to hit RMB25billion (US$3.02billion) turnover this year, increasing revenues to RMB30billion (US$3.63billion) in 2005, along with a fleet-expansion to almost match global fleet-demand.
Tonnage shortage is testing charterers 'iron will'
New Rhine box-terminal in Basel heralds Swissterminal partnership
Med services remain 'insufficiently remunerative', say EMTA carriers
Coast Guard upped security thirty-fold immediately after September 11
Samudera plans more India-centric services
Termont Terminal renews commitment to Montreal
Romania and Belarus full of eastern promise for Famous Pacific
Kozlov rises as Fesco invests
Clinton-era Commissioner re-nominated to FMC position
DFDS with a steady profit for 2003 DFDS of København came out of 2003 with a profit of DKK 157 million (EUR 21 million) after a year ...
"Odin" to recover oil from "Prestige" Statoil's multipurpose shuttle tanker MST "Odin" is participating in a project to recover oil from the sunken "Prestige". Head of ...
DFDS Tor Line opens three more services out of Göteborg DFDS Tor Line will open new routes from its base port Göteborg in the coming years. No less than three ...
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