New Orleans port coming back but needs money THE Port of New Orleans, mauled by Hurricane Katrina last year, is recovering steadily but will need millions of dollars if it has to relocate warehouses and facilities along its badly damaged Industrial Canal.
Hanjin Shipping's Q4 profit slips 44% HANJIN Shipping Co, South Korea's largest shipping company, had a 44 per cent fall in its fourth- quarter profit because higher fuel costs crimped gains from increased trade.
Hyundai Heavy posts Q4 profit of 69.3b won HYUNDAI Heavy Industries Co, the world's largest shipbuilder, posted a quarterly profit compared with a loss in the same period a year earlier, as ship prices recovered from a decade low.
40 still missing from Indonesian ferry accident
Lumut woos cruise lines with marina isle
Admiralty Casebook
Explosion, burns due to unexpected oil pressure AN EXPLOSION severely burnt a welder on a vessel off the Western Australian coast last April because no one onboard realised that a hydraulic pipe that was being cut open with an oxygen-acetylene torch was pressurised with oil, the Australian Transport Safety Bureau has found.
New Orleans port coming back but needs money THE Port of New Orleans, mauled by Hurricane Katrina last year, is recovering steadily but will need millions of dollars if it has to relocate warehouses and facilities along its badly damaged Industrial Canal.
Hanjin Shipping's Q4 profit slips 44% HANJIN Shipping Co, South Korea's largest shipping company, had a 44 per cent fall in its fourth- quarter profit because higher fuel costs crimped gains from increased trade.
Hyundai Heavy posts Q4 profit of 69.3b won HYUNDAI Heavy Industries Co, the world's largest shipbuilder, posted a quarterly profit compared with a loss in the same period a year earlier, as ship prices recovered from a decade low.
40 still missing from Indonesian ferry accident
Lumut woos cruise lines with marina isle
Admiralty Casebook
Explosion, burns due to unexpected oil pressure AN EXPLOSION severely burnt a welder on a vessel off the Western Australian coast last April because no one onboard realised that a hydraulic pipe that was being cut open with an oxygen-acetylene torch was pressurised with oil, the Australian Transport Safety Bureau has found.
Bumper profits for Shell as global oil costs soar HIGH oil prices and strong liquefied natural gas production boosted Royal Dutch Shell's profits to record highs in 2005, but capital expenditure continues to climb.
Inspectors ready to quiz Grot-Rowecki crew INSPECTORS from International Registries Inc, the maritime and corporate administrator for the Marshall Islands flag, will interview the crew of the Polish Steamship bulker General Grot-Rowecki when the Maltese-flagged ship arrives in Poland, writes Andrew Spurrier in Paris .
High hopes of agreement as teams prepare for labour talks SHIPOWNER representatives are optimistic that next week's consolidated maritime convention talks at the International Labour Organisation will reach a workable settlement.
61 km-long pollution slick gets record fine A FRENCH prosecutor has called for the imposition of a record €600,000 ($725,000) fine on the master and owner of the German KG company-owned Maersk Barcelona, for creating what has been claimed to be one of the biggest marine pollution slicks so far seen off the French Atlantic coast.
American Club med exams mandatory THE American P&I Club will make its Pre-Employment Medical Examinations mandatory for seafarers from the Ukraine and the Philippines on 20 February
RCCL settles with Alstom ROYAL Caribbean Cruises (RCCL) has substantially cut 4Q losses, posted record earnings for 2005, and hammered out a settlement in its pod lawsuit against Alstom
Tallink aims at European empire TALLINK Grupp, the rapidly expanding Estonian ferry company, plans to build on its Baltic acheivements to "dominate in the ferry business in the entire Northern Europe."
U.S. trade, transport on collision course Potential disaster looming as U.S. goods movement infrastructure struggles to handle the growth of international trade and avoid costly delays.
Portland close to winning two new services, after 2005 slump The Port of Portland is close to winning two new services in 2006, following the 41.56% year-on-year slump in container-traffic recorded in 2005, ci-online can reveal.
Vancouver box terminal construction delayed Construction of a 400,000TEU container terminal at the Port of Vancouver has been delayed by about one year due to an extended environmental review.
Singapore minister offers help for India's special economic zones
Hapag-Lloyd to leave TACA
Good start for China ports in the year of the dog
Mediterranean growth sees launch of CHKY alliance service
Terminals back carrier calls for Jakarta to scrap VAT
CSCL to purchase US$300m containers to cope with fleet expansion
Tacoma cites transport and logistics support in 15% growth success
Freddie strikes again Tanker king pays out $252m for en bloc buy of nine OBOs from his friends at General Maritime.
Ten gallon panic Share prices of both Tesoro and Seacor dropped after a US-flag products tanker grounded in Alaska and spilled less than 40 liters of product.
Top Tankers in spill spotlight The Estonian government is investigating a suezmax after an ugly 20-tonne coastal oil spill.
Boycott for Danish shipping? Muslims indignant at a series of sacrilegious political cartoons are now discussing bigger targets than Havarti cheese.
Sea Corp wins north-west business Fremantle company takes over from Patrick Corp on run to Darwin.
Volga-Baltic plots IPO Russian owner of Volgaflot and North-Western Shipping eyes offering in 2007.
Hyundai Mipo grows again Korean shipbuilder announces jump in 2005 profit as production capacity increases.
Another record for RCCL Cruise line narrows fourth-quarter losses to post hefty profit of $715m for 2005.
Good times, for now Hyundai Heavy turns in a fivefold increase in profits for 2005 but recent drop in orders remains a worry.
Jung jacks it in Daewoo Shipbuilding chief to step down six months before the end of his term.
DVB wins plaudits from Moody's Transport focus and renewed pledge by majority owner sees improved ratings for Dagfinn Lunde's bank.
New Zealand gets tough on ferries Maritime authorities prosecute former Strait Shipping and Toll Shipping masters over separate near misses.
Icebreakers rake in rubles Murmansk Shipping's managed fleet provided useful boost to Russia's federal budget last year.
Taiheiyo slumps Japanese tanker and bulker owner turns to loss in nine months to 31 December.
Hanjin haemorrhages Profits down 25% at Korean shipowner on high oil prices, weak dollar and falling freight rates.
Koreans team up for LNG STX Pan Ocean, HMM, Korea Line and Kogas establish shipping and trading joint venture.
Costs hurt Matson Increase in operating expenses cuts profits at US-to-Hawaii container line in fourth quarter.
Collision in the Kiel Canal The Finnish ro-ro vessel "Estraden" collided with the German, Isle of Man-flagged product tanker "Wolgastern" early this morning ...
New facts on "Jan Heweliuz" in Polish court Facts that could have been of importance for the loss of the ferry "Jan Heweliusz" 13 years, but never were ...
Assens Skibsværft sold Assens Skibsværft will not close down after all. On Thursday, the yard was sold to the newly formed company E ...
Oil tanker loose in Alaska Tanker runs aground after being struck by ice floe, but oil spill minimal so far.
Marine sales lift Shell revenue Oil major posting record profit, despite hurricane disruption and declining product sales volumes.
Fuel savings help boost Royal Caribbean earnings Royal Caribbean Cruise Lines reported a smaller than expected Q4 loss, citing multiple factors including fuel savings.
Firm exits bunker business as broker retires Broker and general manager retires after 47 years in the bunker business.
Aircraft detects oil spill from sunken tanker Reports indicate that there is some oil pollution from the sunken vessel Ece.
EMSA looks for more oil spill response vessels Bunker barges employed under EMSA's first tenders, and the agency is now looking for more vessels.
MAN B&W Diesel presents new dual fuel engine series The MAN B&W Diesel Group is launching a new engine that not only burns both gas and marine diesel oil, but can also run long-term on pure heavy fuel oil.
Staff changes at owner's bunker department
Rotterdam: Prompt stems command lower prices
Singapore: Stocks of residual fuels at 19-month high
Firm prices sap demand in Japanese market As Japan's bunker fuel prices firmed, its bunker demand is expected to be depleted by competitive prices offered in South Korean and Chinese ports.
Japan: December bunker sales up 4.6% on year Japan's bunker fuel sales to ocean-going vessels up on year but down on month.
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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