M'sia hunts ship that spilled oil on south coast THE Malaysian authorities have vowed yesterday to track down the ship that was responsible for a huge oil spill off its southern coast which has caused serious damage and forced hundreds of fishermen to lay down their nets.
It does pay to operate ecological ships FROM May 2006, the Baltic Sea will become a 'sulphur oxide emission control area' and the North Sea is to follow almost a year later.
Shipping over-supply may not be so serious TWO shipping consultants recently adjusted their estimates on global container shipping demand for this year and 2006, indicating that oversupply may not be as problematic for the industry as widely expected.
Persian Gulf tanker rates may rise on fewer ships ready for hire
Samsung Heavy gets 468b won rig order
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said the value of its orders for building ships, engines, production platforms and other engineering products fell 24 per cent in May from a year earlier.
M'sia hunts ship that spilled oil on south coast THE Malaysian authorities have vowed yesterday to track down the ship that was responsible for a huge oil spill off its southern coast which has caused serious damage and forced hundreds of fishermen to lay down their nets.
It does pay to operate ecological ships FROM May 2006, the Baltic Sea will become a 'sulphur oxide emission control area' and the North Sea is to follow almost a year later.
Shipping over-supply may not be so serious TWO shipping consultants recently adjusted their estimates on global container shipping demand for this year and 2006, indicating that oversupply may not be as problematic for the industry as widely expected.
Persian Gulf tanker rates may rise on fewer ships ready for hire
Samsung Heavy gets 468b won rig order
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said the value of its orders for building ships, engines, production platforms and other engineering products fell 24 per cent in May from a year earlier.
Descendants gather for Trafalgar anniversary Royal Marine Craig Nelson (left) from Poole, Miss Ashar Hamilton and L/Cpl Brett Nelson of the Royal Engineers ' who are all direct descendants of Horatio Nelson (inset) and Emma Hamilton ' get together for the Trafalgar 200 celebrations in front of HMS Victory in Portsmouth, England.
Cold shoulder for shipping stocks BEARISH sentiment on new shipping stocks gathered pace in Asia and the US yesterday.
Lee warns PSA of liner consolidation challenges MAERSK Sealand's bid for P&O Nedlloyd has prompted Singapore's Minister Mentor and former Prime Minister, Lee Kuan Yew, to warn of challenges ahead for PSA International.
P&O cashes in on kind market conditions to refinance its debt P&O has taken advantage of benign bank market conditions to complete an £850m ($1bn) refinancing of its corporate debt on more favourable terms.
Sail8 'will not hinder merchant shipping' THE Sail8 flotilla planned for the Channel next weekend is not expected to disrupt merchant shipping, Britain's Maritime and Coastguard Agency said yesterday.
Just the part for sound investment Shares of South Korean ship-part makers such as Hyunjin Materials are rising faster than shipyard stocks as a record backlog of orders for 968 vessels increases demand for propellers and engines, investor Eun Hyo Sang said, Bloomberg reports .
Haji-Ioannou: sue me EASYCRUISE founder Stelios-Haji-Ioannou and Carnival Corp chairman Micky Arison are exchanging angry emails after Haji-Ioannou offhandedly called the Costa Magica's d'cor 'tacky' on Sky TV
Bulker refloated in La Coruña THE Italian-flagged bulker Rosalia D' Amato was successfully re-floated on 23 June in the Spanish port of La Coruña, said the local port authority
Daewoo extends its global feelers DAEWOO Shipbuilding has taken another step towards its goal of establishing a global network with a new repair yard in Oman with two VLCC docks
Sovcomflot sets out its strategy RUSSIAN energy shipping specialist Sovcomflot is positioning itself to take advantage of opportunities around the country's massive coastline
Filipino seafarer numbers grow THE Philippines, the world's largest supplier of seafarers, continues its leading position with 113,500 Filipino seafarers employed in the first half of this year
Volgotanker reorganises for safety THE management of Volgotanker has arranged to sell its controlling stake in the company to nominee holders, in an effort to frustrate hostile take-over tactics
Trucker strike cripples Vancouver port Vanterm (left), other gates stand empty as 1,000 harbor truckers remain off the job after talks over wage hikes fall through.
Trucker strike threatens Vancouver cargo flow Strike action launched today by some 1,000 truckers is disrupting normal traffic flows at Vancouver, Canada's largest port.
Radiation monitors cause 150 false alarms/day at NY/NJ Bananas, cat-litter, fire-detectors, ceramics, and even truck-drivers who have recently undergone medical tests with radioactive isotopes, trigger an average 150 false alarms daily at Port of New York/New Jersey (PNYNJ).
NOL reports revenues are still rising
Subcontinent hails 'GSP Plus' boost
Another Australian logistics privateer sold
Lee says consolidation will alter port operators' landscape
US Houses hammering out highway bill terms
DELO to get to work on Russian inland depots
NZ winemakers uncork another bumper season
NYK to lead the Grand Alliance into Amsterdam
No change to P&O ports investment as £850m refinanced
Bastille Day deadline for Dunkirk tender announcement
Seabulk approves $1bn Seacor buy Holders in Florida company will get 0.27 Seacor shares plus $4 for each Seabulk unit in deal that takes effect 1 July.
In and out at Excel Excel has emerged as buyer of a panamax and has made even more money than reported on a capesize.
New owner for Zaliv Ukraine competition body gives green light to UK investment firm's purchase of shipyard.
Cosco scrapes bottom China Cosco Holdings is being tipped to sag in its first day of trading Thursday after pricing low on Saturday.
Algerian LNG bound for UK Sonatrach will be shipping the inaugural cargo to the Isle of Grain LNG terminal after all.
Second grand jury grills ConocoPhillips US prosecutors smell a pattern of cover-ups after three spills have allegedly gone unreported.
Lasco registers changes Boardroom battle looks to be over as Riga owner confirms new management.
Kroes wants long-term plan EU competition commissioner will okay aid for Polish yards if restructuring makes them viable.
Coccia flies southern flag SNAV chief Nicola Coccia is the new president of split-riven Italian owners association Confitarma.
Oceanwide mans ro-paxes Norwegian operator Kystlink picks Dutch agency for crewing deal.
Repairs for new suezmax Little more than a month from delivery by a Korean yard Great Eastern's newest tanker is to be fixed in Japan.
TOP confirms charter Evangelos Pistiolis' US tanker firm confirms long-term employment details for suezmax tanker.
Sleeper ship refloated The Norwegian mate of a grounded general cargoship admits he snoozed.
Vita buying spree continues Chong Thim Pheng takes stake in shipowner to over 9% with third share acquisition in a week.
Aratere in trouble again Latest problem sees incident-prone Kiwi ferry suffer power loss and blocked passenger door.
Daewoo looks at Duqm Korean shipbuilder says it will establish shiprepair yard in Oman port.
Master of bulk carrier fined for not reporting a grounding The master of the German-owned bulk carrier "Pochard" was yesterday fined DKK 10,000 (EUR 1,340) for not reporting to ...
Eidsiva and Brax lose high court appeal Eidsiva Rederi, Brax Shipholding Rederi, Partrederiet Öresund and Öresund KS have lost their High Court appeal in Norway and will ...
NAT buys another suezmax tanker Nordic American Tanker Shipping (NAT) has bought a 1998-built, 153,180 DWT suezmax tanker at USD 71.4 million for delivery ...
Venezuela fuel oil exports up on wind power generation PDVSA announces 14,000 metric tonne per month increase in fuel oil exports arising from wind power project.
Crude hits a new record of $60 per barrel Crude finally breaches psychological $60 a barrel barrier in New York, as US bunker suppliers brace themselves for firming market.
Reports: Russian terminal partly operational by year-end First phase of new terminal expected to be operational by the end of this year.
Italian supplier says its fuels are MARPOL compliant Italian oil major ENI has refuted any suggestion that the company has supplied bunkers with sulphur content exceeding the 4.5% cap stipulated in MARPOL Annex VI.
Singapore: Arbitrage cargoes pressure 380 cst market 380 centistoke fuel oil prices were softer today despite firm crude movements as a large volume of incoming high viscosity cargoes are set to arrive in July.
Off-spec fuel incidents generally 'fairly random' MD of the world's biggest fuel testing agency says there is no clear trend in off-spec fuels with regard to port or supplier, but hints that there are some repeat offenders with regard to overstated density.
Promising progress made in bunker fuel transfer Sources at South Africa's Department of Environmental Affairs and Tourism (DEAT) said today that it was very pleased and encouraged by the progress made in the transfer of bunker fuel from the stricken bulker, Kiperousa.
Congestion expected til month-end in firm Rotterdam
Malaysia: Giant oil slick hits Johor coast A giant oil slick measuring five-kilometres long has hit Malaysia's southern Johor state on Pengerang beach.
Baltic Sea: Illegal oil discharge deterred by air surveillance The Helsinki Commission revealed that increasing the number of air surveillance flights have deterred and reduced illegal oil discharges in the Baltic Sea.
Kuwait's new refinery seeks pre-qualify bids State-run Kuwait National Petroleum Co will soon announce pre-qualify bidders to build a new oil refinery with a capacity of more than 600,000 bpd.
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