Brunei seeks global partner to build new box terminal THE Brunei government has launched a global search for a partner to build and operate a new US$400 million container terminal, which will be in addition to an existing one in which PSA has a major stake.
Masters voice fears of violence in Strait SHIP captains have written to maritime authorities expressing fears for their lives on voyages through the Malacca Strait after a spate of violent kidnappings in June, a sea crimes watchdog said.
Ship derivatives market doubles to US$8b in H1 THE shipping derivatives market more than doubled to US$8 billion in this year's first six months as banks, shipowners, oil producers and miners sought to profit from record freight rates, International Maritime Exchange estimated.
China Offshore may build up to 7 LNG import plants CHINA National Offshore Oil Corp, the country's third-biggest oil producer, may build as many as seven liquefied natural gas import terminals by 2010 to help meet the nation's demand for energy, chairman Fu Chengyu said.
Regal arrival THE 'Queen Mary 2', the world's largest cruise ship, arriving in Rotterdam early yesterday from Hamburg.
Stelmar Shipping's profit in Q2 triples on new ships, high rates STELMAR Shipping Ltd, a tanker company that last month rejected a takeover offer from bigger rival OMI Corp, said second-quarter profit more than tripled as it added new ships and freight rates climbed.
Tightening security A container truck pulls its load past a shipping container facility at Sydney's Botany Bay on Tuesday.
Air and Land Transport
AirAsia drops plan to sell stake to Virgin Blue AIRASIA, South-east Asia's biggest discount airline, said it has decided to end talks to sell a stake to Virgin Blue because it didn't want to give up control.
Brunei seeks global partner to build new box terminal THE Brunei government has launched a global search for a partner to build and operate a new US$400 million container terminal, which will be in addition to an existing one in which PSA has a major stake.
Masters voice fears of violence in Strait SHIP captains have written to maritime authorities expressing fears for their lives on voyages through the Malacca Strait after a spate of violent kidnappings in June, a sea crimes watchdog said.
Ship derivatives market doubles to US$8b in H1 THE shipping derivatives market more than doubled to US$8 billion in this year's first six months as banks, shipowners, oil producers and miners sought to profit from record freight rates, International Maritime Exchange estimated.
China Offshore may build up to 7 LNG import plants CHINA National Offshore Oil Corp, the country's third-biggest oil producer, may build as many as seven liquefied natural gas import terminals by 2010 to help meet the nation's demand for energy, chairman Fu Chengyu said.
Regal arrival THE 'Queen Mary 2', the world's largest cruise ship, arriving in Rotterdam early yesterday from Hamburg.
Stelmar Shipping's profit in Q2 triples on new ships, high rates STELMAR Shipping Ltd, a tanker company that last month rejected a takeover offer from bigger rival OMI Corp, said second-quarter profit more than tripled as it added new ships and freight rates climbed.
Tightening security A container truck pulls its load past a shipping container facility at Sydney's Botany Bay on Tuesday.
Air and Land Transport
AirAsia drops plan to sell stake to Virgin Blue AIRASIA, South-east Asia's biggest discount airline, said it has decided to end talks to sell a stake to Virgin Blue because it didn't want to give up control.
US oil inventories put fear of summer shortages to bed A bullish crude draw pushed oil prices up today, but growth in US gasoline and distillate stocks helped ease supply fears.
Latest US oil inventory figures at a glance
Modest price falls continue in Fujairah
Normality rules in Piraeus
Container giant forced to bunker outside Israel Vessels directed to bunker elsewhere as striking port workers concede some ground over privatisation dispute.
Singapore suppliers accuse DNVPS of shipowner bias Singapore's suppliers deny that they will boycott quoting vessels with DNVPS surveyors on board...but say they will charge more.
Asian August arrivals dwindle as arbitrage dries up Fuel oil arbitrage arrivals from the West to Asia have dropped to around 1.4 mt for August arrival.
Chemoil begins Sri Lankan operations Chemoil have said they plan to use their global experience with local knowledge in a joint venture with local shipping company.
Spain steps in to save Izar from bankruptcy THE Spanish government may be turning to radical surgery to save as much of Izar as it can following acquiescence to European Commission demands that the shipbuilder repay €308m ($367m) of state aid.
Eurotunnel reshuffle Debt-laden Eurotunnel has confirmed the imminent departure of two directors, in charge of its passenger and freight shuttle services, writes Roger Hailey .
Bathside breakthrough as ABP changes guard PLANS to build an urgently needed deepwater container terminal at Harwich took a big step forward yesterday with news of an agreement on road access.
TEN to honour Greek 11 in lead-up to Athens 2004 TSAKOS Energy Navigation has announced its intention to christen its next suezmax tanker from Hyundai in honour of Greece's European Championship-winning football team.
MCA launches windfarm trial The Maritime and Coastguard Agency launched a major trial yesterday to assess the effect that windfarms could have on electronic navigation equipment, writes Sandra Speares.
QM2 security is child's play AN incident last Thursday in which three people climbed onto the bulbous bow of the new Cunard liner Queen Mary 2 in Norway is "blatant evidence of the lack of ISPS measures," says a senior Norwegian shipping official
UK to publish ports policy in 2005 UK transport secretary Alastair Darling says he will publish a review of the policy for ports by the end of next year
Filipino marine leadership change TWO Philippines maritime organisations have seen leaders change following appointments this week by president Gloria Macapagal-Arroyo
OMI record profits with young fleet OMI chairman Craig Stevenson said today that vessel purchases and newbuildings continue to reduce the age of its fleet even as record profits roll in
Cochin chokes on cashews CONTAINER handling at Cochin's Rajiv Gandhi Container Terminal has slowed down due to piling up of cashew nut consignments and a lack of adequate backup equipment
No more crew list visas CITING security as its primary issue, the US State Department has formalised a rule prohibiting 'crew list visas' and mandating new BioVisas for individual seafarers
Ships idled at LA-Long Beach Ocean carriers continue to wrestle with delays amid a shortage of longshore labor at the Port of Los Angeles-Long Beach.
DHL buys naming rights to stadium Express services provider's logo will adorn South Florida home (left) of pro football's Miami Dolphins and reigning World Series champs, Florida Marlins.
Large RPONL share-deals raise consolidation speculation Large block-deals in Royal P&O Nedlloyd (RPONL) - including one private transaction equalling about a 2.5% stake - have buttressed rumours that someone is consolidating a stake.
Singapore's SembCorp Marine to buy 30% of Cosco Shipyard stake
Owners have little to play with, despite apparent strength of position
UK transport industry demands definition on transport policy
'Lula' veto a blow for Brazil container operators
Industry meeting hopes to de-CIFFA way forward in Canadian dispute
OOCL increases capacity on Scan Baltic route
Korea fixes lease fees at port free-trade zone
Container-distribution centre to be built in Kunming
No rush on review, no promises on bylaws, no love for Stelios Stelmar chairman Nick Hartley says company not served by further debate with 'one shareholder.'
NYK dumps Stolt stock Japanese giant bails out of embattled shipping group after 17 years.
One more... Pearl Crossing submits latest proposal for new LNG terminal, this time off the coast of Louisiana.
Genmar cracks $30 barrier New York company hits historic high on big earnings week for tanker owners.
Jinhui slumps further Another bad share day for bulker owner that predicted dire financial result ahead.
Norilsk fine tunes fleet plans Russian mining group close to tendering for four bulkers to cut its transport costs.
Strong start for Varun Indian tanker owner more than doubles net profit in first quarter ending 30 June.
MMM lines up tanker Malaysian owner will pick either Japanese or Korean second-hand vessel to expand fleet.
Depreciation drains Fred Olsen Costly second quarter for Norwegian owner, but six-month figure still in black.
Red Hot Chile Stelmar's jv with South America's Cape Tankers singled out as main source of higher profits.
Lenac on the block Bankrupt Croatian yard's creditors agree to international sale tender.
Song Cam on target Vietnamese group Vinashin's shipbuilding and repair yard set to meet turnover expectations early.
Another step up for NSCSA Profits increase again for Saudi tanker owner in first half of 2004.
Glasier to join Carnival Former Royal Caribbean Cruises chief financial officer made non-executive director at industry rival.
Singapore holds safety seminar Yard executives attend workshop on occupational safety and health for the marine industry.
Sembcorp expands in China Singapore ship repairer and offshore conversion firm is taking a 30% stake in Cosco Shipyard Group.
OMI celebrates record year early Dampened slightly by Stelmar gamble, OMI still made more in first six months than any year in its history.
Tankerska in double detention Croatian pair among eleven ships held by US authorities over port state control infringements.
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