Japan's top shipping lines expect record profit JAPAN's three largest shipping lines, Nippon Yusen KK , Mitsui OSK Lines and Kawasaki Kisen, said profits may reach record levels for the rest of the year ending March 2006 on increasing demand to carry cars, clothing and commodities.
Shanghai port's April volumes hit record SHANGHAI International Port Co, the operator of China's busiest container port, handled record cargo in April as growing demand for Chinese made goods in the US and Europe boosted cargo shipments.
Admiralty Casebook
Dispute must go back to London arbitrator: Canada court A CLAUSE in a charterparty that any dispute is to be referred to arbitration is enforceable, even if one party is disputing that it was indeed the one that entered into the charter agreement in the first place, a Canadian appeals court ruled last month.
Japan's top shipping lines expect record profit JAPAN's three largest shipping lines, Nippon Yusen KK , Mitsui OSK Lines and Kawasaki Kisen, said profits may reach record levels for the rest of the year ending March 2006 on increasing demand to carry cars, clothing and commodities.
Shanghai port's April volumes hit record SHANGHAI International Port Co, the operator of China's busiest container port, handled record cargo in April as growing demand for Chinese made goods in the US and Europe boosted cargo shipments.
Admiralty Casebook
Dispute must go back to London arbitrator: Canada court A CLAUSE in a charterparty that any dispute is to be referred to arbitration is enforceable, even if one party is disputing that it was indeed the one that entered into the charter agreement in the first place, a Canadian appeals court ruled last month.
Shell still interested in Iran oil field Despite reports of difficult relations between the company and the Iranian government, talks are reportedly continuing on a role for Shell in the project
Bunker prices bearish in New York and the USEC Suppliers adjusting prices against drop in crude and strong competition
Fuel oil: High prices keep Chinese buyers cautious Limited demand for fuel oil from Chinese buyers amid high outright prices has left Singapore's bunker market as the main outlet for fuel oil in Asia in the near future, traders said.
Norway: Q&A on MARPOL Annex VI issues An official from the Norwegian Maritime Directorate has replied to questions from Bunkerworld regarding how Port State Control interprets and plans to enforce Annex VI of MARPOL 73/78.
Bunker industry steps up to new Turkish pollution law Bunker suppliers in Istanbul have taken voluntary steps to ensure that the port's bunker barges conform with a new Turkish pollution law.
Shipping companies: Bunker fuel costs will slow growth Japan's top three shipping companies all reported record earnings for the fiscal year that ended in March, but expect growth to slow over the coming year due to higher bunker fuel costs.
Rotterdam prices buck crude trend
Major player disputes LA off-spec fuel link Two-tier market not due to off-spec fuel, Bunkerworld told.
Singapore: Fuel oil stocks little changed, build for distillates
Singapore: MPA accredits 8 more bunker suppliers Eight more Singapore bunker suppliers were accredited under the MPA's accreditation scheme, bringing the total number of accredited suppliers to 67.
Higher bunker prices, lower VLCCs charter rates Rising bunker costs is one of the factors contributing to a decline in VLCCs charter rates this week.
MOL Europe boss to retire CHRIS Bourne, one of the best known executives in European liner shipping, will be stepping down as managing director of MOL, (Europe) at the end of next month.
Ladyman takes on shipping BLAIRITE loyalist Stephen Ladyman was last night named as Britain's new shipping minister, writes Julian Bray.
Merger may kill conference system A MERGER of Maersk Sealand and P&O Nedlloyd will probably hasten the demise of the conference system and create an uncertain future for dozens of consortia agreements worldwide, legal experts are predicting.
Alarm bells in Asia over bid for P&O Nedlloyd THE €2.3bn ($2.9bn) offer by A P Møller-Maersk for P&O Nedlloyd is sending shivers down the spines of terminal operators and feeder lines in southeast Asia.
Decision time for Qatar QATAR is said to be poised to name the successful shipowners and shipyards in its latest tender for 12 of the largest liquefied natural gas carriers ever built, writes Tony Gray.
Ship Finance seals containership deal TANKER owner Ship Finance International is breaking new ground with the acquisition of two newbuilding containerships from its largest shareholder, John Fredriksen, in a deal worth $100m, writes Tony Gray.
BIMCO's Lord Kinnock weighs in to EU maritime legislation debate FORMER European transport commissioner Lord Neil Kinnock has thrown his weight behind the shipping industry's campaign for greater pragmatism from Brussels in maritime legislation.
Surprise US import drop AMERICA's enormous trade deficit dropped by $5.6Bn in March to $54.99Bn, its lowest level in six months, according to new figures from the Commerce Department
Sea Containers' ferries falter SEA Containers lost less in the first quarter of 2005 than it did last year, but concerns over flagging ferry performance remain
Med anti-pollution plan THE Spanish government today launched a new sub-regional proposal to crack down on ships responsible for pollution in the Mediterranean Sea
Huge fine for rogue Greek AEGEAN Cargo, the Greek ro-ro operator whose vessel Aegean Sun last week broke a national ban on calling at Turkish-Cypriot ports, will be ordered to pay a fine of $6.6M
Chinese premier calls for EU co-operation to resolve trade disputes Chinese premier Wen Jiabao reminded the EU of the good relationship China and the EU had been enjoying and the two parties should resolve the textile trade disputes.
Leading Canadian freight-forwarder questions CN initiative
Central bank: China will choose its currency reform timetable
Chris Bourne says 'it's the right time to move on'
HK truckers make suggestions to improve terminal safety
APL smiles on Ireland, with new office and summer-start service
Port of Felixstowe re-issues safety instructions for hauliers
NYK: strong demand upholds revenues
MOL sets sights on next STEP up, after overfulfilment of FY2004 plan
K Line aims for JPY1trillion operating revenues by FY 2010
Fredriksen sells P&O Nedlloyd shareholding John Fredriksen sells his shareholding in Royal P&O Nedlloyd and nets a profit of USD 110 million. Tor Olav ...
Bassøe brokers leave Four crude tanker brokers at PF Bassøe has left to set up their own chartering operation ' Polis Chartering ' and takes ...
New icebreaker ordered for Primorsk The Russian state-owned port company Rosmorport has secured financing and declared an option for a second icebreaker at Baltiyski ...
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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