China's car export plans hurt by shortage of carriers CHINA wants to become an auto exporting powerhouse, but even if overseas demand for Chinese-made cars soars, its ambitions could be constrained by a global shortage of car-carrying ships.
Asian freight rates dip to eight-month low ASIAN shipping rates for dry bulk cargoes have fallen to eight-month lows due to fading demand for spot vessels, with falls in prices for commodities including oil adding to the weaker sentiment, brokers said yesterday.
High-tech boost in fight against piracy SINGAPORE unveiled yesterday a fleet of remote-controlled vessels, which Defence Minister Teo Chee Hean said would give the city-state a high-tech boost in the battle against maritime piracy and terrorism.
CMA CGM refutes rumours of talks to buy CP Ships
KL probes deaths of 3 suspected stowaways
Shipbroker Braemar's profit soars 82%
Newcastle loads just 16 coal carriers as prices rise
Analysts predict further falls in crude price Bearish crude market may see further reassessment of bunker price levels amid talk of $45 barrel 'in a hurry'
Tight avails expected in Fujairah Shipowners fixing requirements before the next upswing in prices
Colonial to offer 1.5% low-sulphur fuel on USEC Supplier takes the initiative to offer new fuel and provide documentation and samples complying with MARPOL Annex VI
Chinese buyers seen returning for June fuel oil Demand for fuel oil into China is expected to pick up in June after months of lacklustre activity, as stocks run low and industry sources predict lower prices and improved supply.
US: More vessels held for pollution offences Two ships detained in Hawaii after US coastguard officials found unauthorised bypass pipes and invalid oil record books.
Off-spec fuels reported in New York Several heavy fuel oil samples from New York have tested off-spec for density in the past two weeks, while other quality parameters also drew attention in a bunker alert issued today.
Gas Turbine propulsion system approved in principle by Lloyds Lloyd's Register has issued an Approval in Principle of GE Energy's LM2500-based, gas turbine propulsion system for liquefied natural gas (LNG) ships.
Environment friendly lubricants promoted by EU Eco-label Companies selling lubricants in Europe can now apply for the EU Eco-label if their product has a low impact on the environment.
Prompt product still tight in Rotterdam
Marpol Annex VI: Fuels above 4.5% still occurring Fuel samples with a sulphur content above the 4.5% limit required under Marpol Annex VI have just been reported in Italy, a timely reminder that buyers need to specify compliance with the International Maritime Organization (IMO) regulation as well as standard fuel quality parameters.
US: Oil spill funds in danger of total depletion by 2009 The US oil spill compensation funds will be depleted by 2009, rendering it unable to carry out oil spill cleanups, according to reports by the US coastguard.
Bunkering case favours private supplier Sri Lanka Shipping Company, a private supplier in Colombo port, received a verdict in its favour on a long-standing bunkering row with Sri Lanka Port Authority and John Keells Holding.
Operators refuse security charge, want more transparency Shipping firms want new charges in Hong Kong and Shenzhen included in regular container handling levies
Oil spill trust fund in danger of running out of cash THE Oil Spill Liability Trust Fund, set up under the Oil Pollution Act of 1990 as an insurance mechanism for cleaning up oil spills in US waters, is likely to be exhausted by fiscal year 2009 if present rates of depletion con- tinue unchecked, the US Coast Guard has warned.
Aries pitches for $276m Nasdaq listing ARIES Maritime Transport has joined the new names looking to entice mainstream investors in Wall Street by seeking to raise up to $276m in a Nasdaq initial public offering to start up an enterprise operating seven product carriers and five containerships.
Five-hurricane forecast makes insurers shudder ARLENE, Gert, Ophelia, Philippe and Wilma. These are the names that are beginning to send shivers down the spines of insurers and reinsurers who fear that a more active Atlantic Ocean hurricane season in 2005 will bring new multi-billion dollar bills.
Shell plans bulk terminal for Hazira THE Indian unit of Royal Dutch/Shell will spend $690m on building facilities to handle bulk cargo at Hazira port, Reuters reports .
Seafarers 'in the firing line' SEAFARERS feel that they are "in the firing line ' with little support from ashore", said Philip Wake, chief executive of the Nautical Institute yesterday
IPOs at frantic pace IPO FEVER in New York continues to heat up, with four offerings unveiled in the past four working days
Shell expands at Hazira ROYAL Dutch/Shell today said it plans to invest Rs30Bn ($682M) in setting up a bulk cargo and container terminal at Hazira in India
Box boom drives GL growth GERMANISCHER Lloyd's results have been buoyed to new highs by heavy ordering activity in the container ship sector
Braemar predicts strong markets BRAEMAR Seascope, the UK-based shipbroker, revealed in its annual results today that turnover was up by 65% and net profits rose to £6.5M ($11.9M)
New air cargo security bill proposed Two amendments to authorization bill for Homeland Security would up inspections for cargo carried on passenger aircraft.
China fuel shortage sees refill quotas at filling stations Petrol filling stations in China's Guangdong Province started imposing quota limiting the amount of diesel truckers can refill each time, from May 1, due to fuel supply shortage in China.
Shipping majors show interest in second Chennai box terminal Global shipping and terminal majors have expressed interest in the project to build a second container terminal at Chennai, to compete with the terminal operated and managed by P&O Ports.
China calls for healthy Sino-US trade relations
Mediator intervenes in Canadian rail dispute
CP Ships reduces Atlantic capacity
MSC performs mid-May Baltic shuffle
Box terminal will boost Sharjah FTZ
SAFETEA could help fight port-congestion ' if progress weren't so congested
NYK's Ceres losses running at around US$25m a year
Tomasella to furnish Russian market from Kaliningrad factory
More container newbuildings to Maersk A. P. Møller-Mærsk is again signing up for new container carriers. That brings the total A. P. Møller-Mærsk ...
More than 1.5 billion ferry passengers 2004 1,336,631,628 passengers travelled with the world's ferries last year, according to statistics from ShipPax Information in Halmstad, Sweden. The ferries ...
Cruise industry passed dream level The Cruise industry has recovered from the effects of the terror attacks on 11 September 2001. Figures compiled by ShipPax ...
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