PwC S'pore lauds timing of Maritime Finance Incentive THE government's Maritime Finance Incentive scheme could not have come at a better time as Singapore hones its competitive edge to become a leading international maritime centre.
Evergreen Q3 profit takes a beating TAIWAN's Evergreen Marine Corp, the world's third largest container shipping line, on Tuesday posted a sharp decline in profit for the third quarter from a year ago due to oversupply, lower freight rates and investment losses.
Sandvik launches $23m high-tech logistics centre THE Singapore regional head office of global industrial group Sandvik launched its new, $23 million, state-of-the-art logistics centre at the Airport Logistics Park of Singapore yesterday.
Shippers fight back in post- conference box battle European shippers have come out fighting in a hard-hitting response to a customer survey conducted by the European Liner Affairs Association on what should succeed the conference system when it is axed by Brussels.
Somali men guilty of piracy jailed for seven years in Kenya TEN Somalis detained by the US Navy off the coast of Somalia and convicted of piracy by a Kenyan court were jailed for seven years on Wednesday, Reuters reports.
China Merchants cleared for $734m IPO SHANGHAI regulators have approved plans by China Merchants Energy Shipping to launch a Yuan5.8bn ($734m) initial public offering, writes Keith Wallis in Hong Kong.
Court of Justice set to call time on ferry 'booze cruises' A RELAXATION of rules affecting cross-border sales of alcohol is expected later this month which could affect ferry companies benefitting from so-called "booze cruise" shopping day trips, as well as hitting government revenues from duty payments.
Hyundai to build new steel plant SEOUL 1 November ' South Korean shipyards' insatiable appetite for steel will be eased when a huge new steel plant is opened for business in 2011
High speed vessel project closer PLANS to develop a network of high speed ro-ro and passenger services using Boulogne as a hub appear to have moved forward
Maritrans drops on higher costs THIRD quarter profits at Maritrans, the Jones Act tanker and barge operator, fell 38% on higher expenses and lower fleet utilisation
GenMar hikes time cover GENERAL Maritime Corp more than tripled its profits on much higher rates and has substantially increased its time charter coverage going forward
Colombo seeks supply ships SRI Lanka plans to buy more ships to supply the northern Jaffna peninsula, which has been cut off after renewed fighting between Tamil Tiger rebels and government forces
Screening saves money, club claims SHIP owner members of the American P&I club have made significant savings as a result of pre-employment health screening of seafarers, it is claimed today
Outlook sees weaker U.S. imports ahead Analyst predicts favorable global economic outlook but tells conference that the dollar will decline in value against major currencies through 2008, which will curb U.S. imports.
$10M settlement for importer
Lines: Shippers back data-sharing
Dubai eyes Halifax: Report
Seaway chief says tolls unlikely
Emirates adds China-U.S. service
New MOL Asia-India shuttle
Erickson to head History of Containerization Foundation
Kerala drivers strike against "speed governors" Cochin Port container handling and exports have been affected by a protest strike by truckers and other drivers objecting to central government's order for mandatory speed governors.
Charter parties take it as it comes, leaving space for fast turnaround As results announcements keep up a steady flow of pessimistic pronouncements about forward charter rates, owners and charterers are keeping contracts short, trusting to their expectations, according to a broker.
Four global firms shortlisted for JN Port dredging
Kaliningrad prosecutor investigates docker's death
MOL to reshuffle its west India-Singapore services
Emirates to charter slots from AUX
HMM and K Line to expand Asia-Europe fleet size
Hyundai Samho receives order to build four boxships
Rotterdam reefer store sees road to higher throughput through Halal
Containership collides with tanker near South Korea
Foreign exchange share of Russian IPOs may be further restricted
Fesco has Wallen help manage its foreign-flagged boxships
Merger backing muted Participants in TradeWinds' poll on the merits of insurance club mergers have mixed views but appear unenthusiastic about a Swedish Club ' Skuld link up.
Genco profits inch up But Georgiopoulos bulker operation sees earnings per share dip compared to a year ago.
Mystery six-pack ThyssenKrupp's stock is up after its yards bagged orders for six 3,400-teu boxships worth well over $300m.
ESL adds China-US link Emirates Shipping line is to take space on ZIM and Italia Marittima's US-Far East service.
China Shipping shedding bulk China Shipping Development Corp will issue convertible bonds to buy its parent's dry-bulk fleet.
Finnlines ro-ro crew missing At least six of a crew of 14 have been saved after clinging to a Finnlines-chartered ro-ro in the Baltic in heavy weather.
Donbas in Gdansk talks Ukrainian steel maker could follow Italy's FVH by taking substantial holding in Polish shipyard.
More work for Vietnam Dung Quat shipyard has won two more 54,000-dwt bulker contracts as it begins work on an aframax tanker.
PacBasin talks up the market Investors can judge for themselves whether they were right to bump the share price up 8%.
Numbers up at Tropical Rick Murrell-led Tropical Shipping has again delivered an outsized chunk of operating profit for parent Nicor.
First stronger in nine Taiwanese bulker owner First Steamship logs big rise in nine-month profit.
Ferry protest man jailed New Zealander pleads guilty to endangering public by obstructing 'speeding' ships.
CSDC shares halted Stock frozen pending 'major transaction' rumoured to be large bulk purchase from parent China Shipping.
Japan wants more Filipinos Owners look to recruit extra 8,000 for 500 newbuildings as Philippines aims to boost officers.
ABG back on track Second quarter profit rises at Indian yard after tough start to year in first three months.
Arpeni on right track Indonesian tanker and bulker owner moving in right direction to meet projected full-year earnings figure.
Work dwindles at ADSB Abu Dhabi shipbuilder's profits plummet on reduced workload and higher expenses.
Charters curb Maritrans Cost of additional tonnage pushes down US tanker firm's nine-month profit ahead of OSG takeover.
Anchor-handling double for Havila Norwegian owner reveals new order at Havyard Leirvik, as nine-month profits soar.
Somali pirates jailed Court in Mombasa hands down seven-year jail terms to ten pirates caught by US navy off Somalia earlier this year.
Fredriksen gets bloody nose Bid for Eastern Drilling blocked over allegations of collusion between SeaDrill and Carnegie.
Sister act swansong Two Fred Olsen sister companies hit high notes in final interim statements before results become consolidated.
MOL goes it alone Japanese boxship line ditches Sea Consortium to re-launch feeder run from Nhava Sheva, India, to Singapore.
Fisher gets a lift UK tanker and marine services group bolts on yet another small company, this time Norwegian offshore crane specialist Gjerde.
Filipino payouts checked Shipowners relieved as Philippines makes lower compensation awards and re-considers 120-day verdict.
Fewer pirate attacks at sea A total of 174 pirate attacks were reported in the year to September, down from 205 in the same period ...
NSA and unions agree NOR settlement Unions and employers have agreed a NOR settlement for the offshore fleet and ferries in international trade. Agreement was reached ...
New York resupply delayed further Suppliers hit tank bottom as new product not due until next week.
Fuel costs fingered again at Evergreen Third quarter results from Taiwanese shipowner showing the strain of rising costs and falling rates.
Petrobras closed tomorrow
US oil product stocks fall more than expected Stocks of key fuels drop despite increased refinery output amid strong demand figures.
Bunker spill damages award 'out of all proportion' with real costs Ukrainian court awards $24.5 million against shipping company involved in 75 mt bunker spill.
Key players 'poised' to trade in Fujairah fuel oil futures Contract will "need to be marketed aggressively" to succeed.
Oil traders edgy ahead of US stock data Surveys show expectations for build in crude, drop in products stocks due to refinery maintenance.
Bunker fuel pumped off grounded vessel No reports of any spillage as salvage operation moves ahead.
Rotterdam market stable on Wednesday morning
Japan: September bunker sales rise but remain down on year September was the second consecutive month with a year-on-year drop in Japan's bunker sales.
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