LPG tanker earnings hit six-month low FREIGHT rates for the biggest ships carrying liquefied petroleum gas slumped a second week as a rising number of vessels competed for cargo, cutting shipowners' earnings to a six-month low, a shipbroker said.
52 lines get Busan perks for more transshipment AP Moller-Maersk, Hanjin Shipping Co and 50 other shipping lines will receive 45 per cent more in incentives from South Korea's Busan port because they moved more cargo for transshipment last year.
Six Viet sailors return 8 months after ship seizure SIX of 12 Vietnamese crew who were detained along with their cargo ship in Tanzania more than eight months ago, have returned home, the vessel's owner Sea Saigon Shipping Company said yesterday.
Hyundai Heavy orders up 14%
Admiralty Casebook
Singapore's logical stand on bill of lading vindicated TWO weeks ago, this column reported the House of Lords decision in The Rafaela case, in which five law lords unanimously ruled that a straight bill of lading is as much a document of title as a 'to order' bill.
LPG tanker earnings hit six-month low FREIGHT rates for the biggest ships carrying liquefied petroleum gas slumped a second week as a rising number of vessels competed for cargo, cutting shipowners' earnings to a six-month low, a shipbroker said.
52 lines get Busan perks for more transshipment AP Moller-Maersk, Hanjin Shipping Co and 50 other shipping lines will receive 45 per cent more in incentives from South Korea's Busan port because they moved more cargo for transshipment last year.
Six Viet sailors return 8 months after ship seizure SIX of 12 Vietnamese crew who were detained along with their cargo ship in Tanzania more than eight months ago, have returned home, the vessel's owner Sea Saigon Shipping Company said yesterday.
Hyundai Heavy orders up 14%
Admiralty Casebook
Singapore's logical stand on bill of lading vindicated TWO weeks ago, this column reported the House of Lords decision in The Rafaela case, in which five law lords unanimously ruled that a straight bill of lading is as much a document of title as a 'to order' bill.
Royal Caribbean: Bunker costs make forecasting difficult While announcing first quarter profits, Royal Caribbean has said that bunkers are the most important factor affecting net cruise costs and make forecasting very difficult.
West-East fuel oil arbitrage shows signs of opening VLCC booking reported from northwest Europe to Asia as fuel oil arbitrage shows the first signs of opening for weeks.
Switzerland: Former bunker purchaser joins Addax
ARA market quiet but firm at midday
US Coastguard reiterates stance on single-hull phase-out The US Coastguard Marine Safety Office has reiterated that the Oil Pollution Act of 1990 (OPA 90) remains the enforceable US governing standard for phase-out requirements applicable to single-hull tank vessels operating in US waters.
More bidders for South Korea's Inchon refinery A South Korean court has called for more bidders for Inchon Oil Refinery in addition to Citigroup's sole bid for the company.
Titan in agreement to buy VLCC Titan has signed a memorandum of agreement to purchase an addition VLCC, boosting its fleet capacity to more than three million deadweight tonnes.
Singapore market not threatened by Dubai's move Dubai's move to set up an exchange that will offer futures trading in marine oil at the port of Fujairah is not seen as a threat to Singapore's number one position in the bunker market.
Cargo demand prompts price spike in Houston Demand from fuel oil traders for HSFO product for VLCC exportation redirecting supplies typically earmarked for the bunker arena.
Euronav enjoys record first quarter EXPANSION-minded tanker specialist Euronav chalked up a record result in the first quarter of this year. The company, which was spun-off by CMB less than six months ago, achieved net income of $81m, or $1.92 per share.
Korean yards call owners' bluff and stick to price hikes SOUTH Korean shipyards, armed with full order books for the next three years, have resolved to increase their newbuilding prices in a sellers' market.
Fredriksen looks to build up medium-size boxship fleet NORWEGIAN tanker tycoon John Fredriksen is on the hunt for more containerships after obtaining first-rate terms for his first fixture in this sector a few days ago.
Maersk Sealand leads elite few with revamped container line model MAERSK Sealand is at the forefront of an elite group of ocean carriers that are transforming themselves from price takers to price leaders, writes Janet Porter.
Fresh look for Lloyd's List Email Bulletin TODAY marks the launch of the new and improved Lloyd's List Daily Email Bulletin, timed for delivery as the newspaper rolls off the presses.
NCL's Dawn in TV allegation CIVIL lawsuits are expected to be filed against Norwegian Cruise Line (NCL) after the New York Post revealed yesterday that the Norwegian Dawn was scheduled for an early return on 17 April for an appearance on the TV show 'The Apprentice'
Indonesia to designate hubs INDONESIA will designate priority ports under its new "hub-and spoke" policy as part of measures to implement the cabotage policy announced last month
Busan dangles transhipment carrot BUSAN Port Authority will pay out a record W12.2Bn ($12.1M) to shipping companies this year by way of transhipment volume incentives
HPH invests in new joint-venture HONG Kong's Hutchison Port Holdings has tied up with US based Savi Technology to float a joint-venture specialising in cargo tracking through Radio Frequency Identification
Kerala applies for Sri Lanka link KERALA Shipping and Inland Navigation has asked Director General of Shipping for permission to run a passenger service between India and Sri Lanka
Stena profits from Irish investment STENA Line's strength on the Irish Sea drove profits sharply higher in 2004 despite increasing compettion on the North Sea
Canadian shippers propose rate increases as solution to Atlantic capacity crunch Shippers in the North Atlantic trades face 'a potential capacity crunch of serious proportions' following reductions in capacity to Montreal and Halifax, warned the Canadian International Freight Forwarders Association (CIFFA).
CMA CGM Seine under threat of arrest for skipping Nhava Sheva The High Court of Colombo, Sri Lanka, has issued a summons and warrant for the arrest of the CMA CGM Seine, following a complaint by Shipping Corporation of India (SCI).
BNSF says its expanding 'ahead of the growth curve'
Berlin names projects for Germany's 'extra' €2bn infrastructure budget
China's mid-west volumes set to take-off say consultants
Privateers back Aus inland rail study
Vos builds chemical distribution centre at Duisburg's
Wan Hai and Sinotrans launch joint N China/Taiwan service
Busan transhipment incentives rise nearly 50%
Intermodal fuels big Q1 profit for Canadian National Railway
Tallink and Aker in option agreement on new ferry In connection with the keel-laying of the latest newbuilding for Tallink at Aker Finnyards in Raumo, the companies agreed ...
Tankers forced away from Norwegan coast This week the Greenpeace vessel "Esperanza" persuaded two product tankers at least 50 nautical miles of the Norwegian coast near ...
SEK 100 million from Swedish Shipowners to maritime research and education Chalmers University of Technology in G'teborg has launched a new institution, Chalmers Lighthouse, for maritime education and research. Chalmers Lindholmen ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
