Truckers' strike will hurt Vancouver port THE impact of the ongoing truckers' strike at the Port of Vancouver is becoming severe as carriers are holding back on cargo shipments from as far away as Europe, according to the port authority's chief executive who warned that lost business may not return.
China's CIMC expects H1 net to more than double CHINA's CIMC, the world's top maker of shipping containers, said yesterday it expected profits in the first half of 2005 to more than double on continued strong demand for containers.
Persian Gulf tanker rates may rise a 5th week THE cost of shipping oil on 2 million barrel tankers from the Middle East to refineries worldwide may rise for a fifth consecutive week as the supply of ships dwindles, shipbrokers including EA Gibson said.
Port Shots
Port Shots CHINA Shipping Development Co Ltd said yesterday it and its controlling parent, China Shipping Co , had decided to postpone preparations for CSC's restructuring.
Truckers' strike will hurt Vancouver port THE impact of the ongoing truckers' strike at the Port of Vancouver is becoming severe as carriers are holding back on cargo shipments from as far away as Europe, according to the port authority's chief executive who warned that lost business may not return.
China's CIMC expects H1 net to more than double CHINA's CIMC, the world's top maker of shipping containers, said yesterday it expected profits in the first half of 2005 to more than double on continued strong demand for containers.
Persian Gulf tanker rates may rise a 5th week THE cost of shipping oil on 2 million barrel tankers from the Middle East to refineries worldwide may rise for a fifth consecutive week as the supply of ships dwindles, shipbrokers including EA Gibson said.
Port Shots
Port Shots CHINA Shipping Development Co Ltd said yesterday it and its controlling parent, China Shipping Co , had decided to postpone preparations for CSC's restructuring.
Judgment reveals CMA CGM alliance talks with Evergreen THE existence of co-operation talks between CMA CGM and Evergreen Marine has been revealed in a court judgment in France.
Bidders queue for P&O Nedlloyd service AT LEAST five possible buyers could be lining up for takeover target P&O Nedlloyd's Europe-South Africa service as AP Møller-Maersk races to satisfy customer concerns by next week, writes Janet Porter.
Grindrod weighs up London or New York listing FAST-growing South African shipping and logistics group Grindrod is considering the possibility of a stock market listing in New York or London as it eyes more investment opportunities.
Seatrade gets the go-ahead for United Reefers purchase REEFERSHIP specialist Seatrade is due to finalise the purchase of United Reefers tomorrow, writes Janet Porter.
Grindrod eyes PONL service GRINDROD is thought to be preparing to return to liner shipping following the expected departure of P&O Nedlloyd from the South Africa'Europe Container Service (SAECS).
Fair Voyager, foul behaviour THE Greek operator and Liberian owner of the tanker Fair Voyager have pleaded guilty to conspiracy, obstruction of justice and perjury in the US
Philippine fire caused by oil leak THE fire that gutted the Philippines ferry Princess of the World on 7 July was probably caused by an oil leak, according to the Maritime Industry Authority (Marina)
Hurricane hits Cozumel HURRICANE Emily hit Mexico's Yucatan peninsula with winds of 215 km/hr yesterday, with significant damage expected at Cozumel, the world's most visited cruise port-of-call
Korea signs three-way LNG contract SOUTH Korea has finalised the purchase of 5M tonnes of LNG a year from 2008 for 20 years
Indian plans national maritime complex INDIA will build a national maritime complex near Chennai which will include an academy of excellence, according to the country's shipping minister, T R Baalu
Landmark MOL deal for Jacksonville Port and carrier to sign 30-year agreement for new terminal and services that will vault hub near top of East Coast container rankings.
Vancouver update
Canada's CSI move
Opinion: In Los Angeles, politics trumps port planning
Canadian PM urged to intervene in ongoing Vancouver conflict Canadian freight forwarders today urged Prime Minister Paul Martin to intervene directly in the Vancouver trucker-strike, citing a clause in legislation allowing ministerial intervention when deregulated transportation markets become 'dysfunctional.'
Australian shippers slam bunker surcharges The Australian Peak Shippers' Association (APSA) has joined the international chorus against alleged profiteering through bunker surcharges, claiming carriers are abusing the cost-recovery system.
Sinokor to launch Gwangyang/Japan service
FreightLink extends to Melbourne
Hong Kong Port sees slight H1 throughput growth
ISPS shields French containers from red alert effects
India to offer duty-free access to least-developed countries
MOL to create box-terminal at Florida's Jacksonville port
Inchon H1 container throughput up 14%
Marseilles container throughput-growth recovering
HMM becomes the first Korean carrier to set up India office
Two coaster-newbuilding for Danish owners Rederiet Nielsen & Bresling of Fåborg has signed up with the Dutch Bodewes Group for two newbuildings for delivery in 2006 ...
Rederi AB Nestor buys tug Rederi AB Nestor (a subsidiary of Marine Carrier AB) of Pitea, Sweden has purchased the 8,400 BHP ocean twin screw ...
Emily heads toward Gulf, bunker and crude markets unfazed Jamaica open for business as Gulf suppliers watch hurricane's progress, and crude markets drop as supply remains unaffected.
Supplier: Mexico a good place to bunker A local supplier in Tampico and Altamira in Mexico says that "efficient service" can be provided in the ports, despite claims to the contrary.
South Africa: New details for GAC Bunker Fuels
Lion republic takes top spot for container handling in H1 First half container volumes in Singapore have overtaken those in Hong Kong, pushing the lion republic into the world's top spot for container handling.
Indonesia targets fuel smuggling as shortage bites A national fuel crisis in Indonesia has prompted the government to announce a range of measures to overcome fuel shortages, including a boost to marine security to prevent smuggling activities.
JP Morgan: VLCC rates set to double in Q4 JPMorgan Chase & Co (JP Morgan) has forecast that freight rates for VLCCs will double in Q4 as the US ramps up imports to meet peak winter demand.
SK networks to build fuel oil facility in Eastern China South Korea-based SK Networks, the oil trading and distribution arm of SK Corp., said today that the company had signed a letter of intent with joint venture partners to build a fuel oil plant in Eastern China.
Singapore: Mix-up behind supply of off-spec bunkers An oil major has owned up to having supplied off-specification bunker fuel oil to a Singapore bunker re-seller, but says it was a one-off incident caused by a mix-up at the loading terminal.
Singapore: Storage in high demand, developments short-sighted Singapore's oil storage capacity is reaching its peak and the problem will resurface even if new storage space is added, an industry source has warned.
Spain/Mexico seek changes to IMO rules for STS transfers Coastal states are seeking to exercise more jurisdiction over ships refuelling on the high seas due to concerns over pollution of territorial waters.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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