Sembawang Kimtrans to invest in Indonesia's coal logistics MAINBOARD-listed Sembawang Kimtrans Ltd is investing nearly $55 million in Indonesia's fast growing coal logistics business as the sector is expected to be a key growth engine for the company, SKL executives said yesterday.
S'pore to adopt convention that offers higher maritime claims SINGAPORE is adopting a maritime convention which provides for a higher level of compensation in claims and which will also enhance its attractiveness as a centre for maritime law and arbitration.
Cosco Pacific plans US$718m expansion: reports COSCO Pacific Ltd, a port-operating unit of China's largest shipping company, will spend US$718 million this year to invest in ports and buy containers as it seeks to expand, analysts said.
SembLog to set up Philippine venture
Strait Talk
Tough year ahead for P&I clubs WHILE Jan 1 or the Chinese New Year may mark the passing of the years for most of us, the practitioners of marine liability insurance take most notice of Feb 20.
Sembawang Kimtrans to invest in Indonesia's coal logistics MAINBOARD-listed Sembawang Kimtrans Ltd is investing nearly $55 million in Indonesia's fast growing coal logistics business as the sector is expected to be a key growth engine for the company, SKL executives said yesterday.
S'pore to adopt convention that offers higher maritime claims SINGAPORE is adopting a maritime convention which provides for a higher level of compensation in claims and which will also enhance its attractiveness as a centre for maritime law and arbitration.
Cosco Pacific plans US$718m expansion: reports COSCO Pacific Ltd, a port-operating unit of China's largest shipping company, will spend US$718 million this year to invest in ports and buy containers as it seeks to expand, analysts said.
SembLog to set up Philippine venture
Strait Talk
Tough year ahead for P&I clubs WHILE Jan 1 or the Chinese New Year may mark the passing of the years for most of us, the practitioners of marine liability insurance take most notice of Feb 20.
New Panama storage terminal attracting attention Terminal operator Petroport tells Bunkerworld that its 700,000 barrel facility in Cristobal could be supplemented by future projects in Panama.
Martek near launch of marine emission control system Martek Marine set to launch on-board emission control equipment that should facilitate Marpol Annex VI compliance on NOx and deliver fuel savings. The system can also be configured to measure SOx emissions.
Hong Kong's earliest dates pushed into February Strong demand puts strain on limited product stocks and barges.
EMSA offers cash for capacity to barge operators The EU's European Maritime Safety Agency (EMSA) has called on bunker barge operators, among others, to enlist a fleet of emergency spill response vessels in four regions.
Singapore to accede to liability limitation convention The MPA has said that Singapore will accede to the International Convention on Limitation of Liability for Maritime Claims (LLMC), 1976.
Fujairah: ADNOC withdrawal could be only temporary Sources at ADNOC have said the company will be out of the Fujairah market until the company is able to fully commit to its bunker operations.
Crude, bunkers hit long-term highs amid report of OPEC cut Reports of OPEC output cut of 800,000 bpd and cold snap in US Northeast send oil and bunker prices to long-term highs.
Torm plans $250m bulk buy as profits rise DANISH product tanker and bulk operator Torm is to spend $250m on the addition of six vessels to its fleet, as it revealed strong market conditions will bring higher-than-expected results for 2004.
Cosco lines up spending spree in Hong Kong COSCO is mustering its various corporate divisions into a dress parade centred on Hong Kong, writes Sam Chambers.
Macao sets date to launch register MARCH is the latest date set for the roll out of a new shipping register, one that intends to scoop up many of China's emerging small and medium owners.
SCI and NITC in Iran-India tanker link INDIAN national carrier Shipping Corporation of India and the Tehran-based National Iranian Tanker Co have begun negotiations to set up a joint venture, writes Shirish Nadkarni in Mumbai.
CATS coughs up EMBATTLED Canadian American Transportation System will refund $150,000 to customers in the face of a legal threat by New York's attorney general Eliot Spitzer
Ship runs aground - crew runs away A NORTH Korean-flagged general cargo ship ran ashore in heavy weather at Khaldi, south of Beirut, late last night
UP storm damage finally cleared UNION Pacific's California rail lines have been restored following this month's storm damage, but repairs have dealt the key US intermodal operator a heavy financial blow
Hutchinson quits Homeland Security Number two official at U.S. anti-terror agency plans to step down after being passed over for top job.
U.S. needs national intermodal policy Planner says plan needed for ports, railroads and motor carriers to accommodate expected doubling of container volumes over the next decade.
Contship Italia wants common user rights at VTE Contship Italia has confirmed that it has bid for the sixth Voltri module but it has also bid to operate a further 550m of quay along with PSA Corp.
China's economy surges ahead unchecked in 2004 China's economy continued to expand during 2004, the National Bureau of Statistics announced today, in spite of attempts by Beijing to cool growth amid fears that the economy could overheat.
CIMC forecasts a 250% net profit growth
High labour costs in Hong Kong deminish CEPA benefits
Yield slips but volumes keep APL revenues up
GPPL to invest Rs10billion in Pipavav box-terminal
Exports of high-tech products up 72% in Shanghai
CMA CGM and CSCL launch new Pacific service
Norfolk Southern puts chlorine crash costs at $30-40m
Union Pacific opens last two storm-damaged lines
Russian Railways to present plans to capitalists of Davos
Hungry for new capacity, Eurogate posts 7.56% growth
CSIC ranked top among Chinese yards in new ship orders
End of works programme at Lisbon's LISCONT means new-client drive
Fall in Coastal Express pax numbers The Norwegian Coastal Express, operating between Bergen and Kirkenes, saw passenger numbers fall by 5.o per cent last year ...
15 per cent freight increase for Stena Line Stena Line, including its subsidiary Swedish Scandlines carried 1.6 million freight units last year, up by 15 per cent compared ...
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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