Smaller vessels seen most at risk from piracy A new report on Malacca and Singapore Straits security identifying smaller coastal vessels as being most at risk of attack has led some experts to question whether current efforts to curb piracy and avert maritime terror are on target.
Strait Talk
Changing of the guard at ICS THE annual meeting of the International Chamber of Shipping and its sister organisation, the International Shipping Federation , held in Washington a couple of weeks ago, marked the end of an era for the two shipowners' representative organisations.
Smaller vessels seen most at risk from piracy A new report on Malacca and Singapore Straits security identifying smaller coastal vessels as being most at risk of attack has led some experts to question whether current efforts to curb piracy and avert maritime terror are on target.
Strait Talk
Changing of the guard at ICS THE annual meeting of the International Chamber of Shipping and its sister organisation, the International Shipping Federation , held in Washington a couple of weeks ago, marked the end of an era for the two shipowners' representative organisations.
ABP opens its books to revised £2.5bn buyout bid ASSOCIATED British Ports will consider an improved takeover approach from a consortium led by US investment bank Goldman Sachs which values the UK's largest ports group at almost £2.5bn ($4.7bn).
Investigator whips up a storm over watch duty SLACK watchkeeping practices - including playing computer games on duty - contribute to many casualties, according to the head of the Marine Accident Investigation Branch.
UK shipbreaking ambitions 'wishful thinking', say leading owners A SPOKESMAN for leading shipowners has poured cold water on the ambitions of government ministers, campaigners and a small number of industrialists to resurrect the shipbreaking industry on a significant scale in the UK or other countries in the European Union, writes James Brewer.
Funding threat to worker ID scheme QUESTIONS as to who will pay for the latest raft of US port security requirements have surfaced as the draft Transportation Worker Identification Credential programme commences a 45-day public comment period.
Drunken master denies charges GREEK captain Perikles Petridis, who was fired by Celebrity Cruises and jailed after failing a breathalyzer test aboard the Mercury, is claiming his innocence
Insurers sound alarm over wire ropes GERMAN Hull & Machinery insurers are getting increasingly worried about failure of wire ropes aboard multipurpose ships
Eller presses on in DP World case ELLER & Co, a joint venture partner of P&O Ports North America at the port of Miami, is continuing its litigation against the DP World deal in the US
Russian bank sells port stake to rival RUSSIAN bank Uralsib has sold its 30% stake in Russia's largest port, Novorossiysk, to rival Investsberbank, and abandoned plans for a makeover of the Black Sea port
Stealthgas keeps growing THE expansion of LPG operator Stealthgas is continuing, with plans for three more vessel acquisitions confirmed yesterday and further growth opportunities being sought
Goldman Sachs raises ABP offer A consortium led by the Goldman Sachs has made a second bid for Associated British Ports, the UK's largest port operating group, worth 810 pence per share
Goldman sweetens ABP ports bid The U.S.-based investment bank raises its offering price for United Kingdom's largest terminal operator, including Southampton (left), to $4.6 billion.
Former Marad chief Jamian to head Lakes trade group
Seaboard Marine adds direct service to Central America
Kursiu Linija signs equity sale agreement with Eimskip A deal to sell 50% of Kursiu Linija to Eimskip will fuel the intra-European carrier's Baltic expansion, while offering the new 50% owner access to this market.
Unions defend Noumea against 'foreigners' New Caledonian unions are blockading the Port of Noumea in protest against the commencement of new feeder services by Maersk Line and MSC.
Containers pile up as strike actions mount in Brazil
Consortium returns to ABP Holdings with 810p non-binding offer
CMA CGM signs with Virginia International Terminals
No change Aframaxes remain at strong levels in Med and Black Sea, but VLCCs still underwhelming.
Capers off colour Capers back on the menu but the market continues to slide as panamaxes fill the plate.
New Carissa settles for $22m Lawyers get $3.1m in a settlement of a lawsuit on the removal of the remains of Taiheiyo Kaiun's New Carissa from an Oregon seashore after seven years.
Deal of the year It has been a year of mega acquisitions of companies and fleets but who has pulled off the hottest transaction? Vote in TradeWinds latest poll and you could soon have an Apple iPod nano in your pocket.
Hawaii spill 'not from ship' No crude oil from a Frontline suezmax was involved in a recent spill at an offshore Tesoro terminal in Hawaii, the tanker owner says.
'Carry on poaching' UK-based shipbroker Clarkson has confirmed and expanded upon yesterday's report of broker defections from Braemar Seascope and SSY.
Eimskip partners Kursiu Linija Icelandic container line takes 50% holding in Lithuanian shortsea operator to grow business.
Baltic buy-back bid ends London's Baltic Exchange managed to buy back only 10.4% of its outstanding shares.
MBC holding steady Robert Kuok-controlled Malaysian Bulk Carriers (MBC) is slightly up from the previous quarter and nearly flat on a year ago, not counting vessel sales.
ESL makes serious money Ethiopian national line reliant on slot-sharing arrangements produces healthy 2005 profit.
Up and down at DFDS Another quarterly loss at DFDS of Denmark but disposals and increased revenues soften the blow.
Three crew dead of poisoning Tragic deaths on Japanese tanker apparently caused by deadly benzene fumes.
SSC sales slump Vessel sales continue to impinge on revenue figures at Singapore Shipping Corp but profit remains steady.
StealthGas rises Harry Vafias-led gas carrier operator boosts first-quarter earnings and increases fleet utilisation and charter cover.
Waterfront puts up numbers Christen Sveaas-owned company benefits from profit split in better products tanker market.
Sumatec rings the changes Malaysian owner orders two tankers in China as it continues to offload older tonnage.
Rasmussen ups profit Shipping activities contribute over 43% of profit in 2005 for diversified Norwegian group Rasmussen.
Braila burned Aker Yards' Romanian outpost makes 2005 loss after court case ruling costs it $7m.
CSDC signs for bulkers Chinese owner's Shanghai Times Shipping subsidiary to build four vessels at CSSC and Chengxi for coastal coal business.
Offshore order at PUM "Repeat customer" back at Pan United Marine (PUM) of Singapore with $50m order for offshore support vessel.
TSK Line widens Asian net Japanese containership owner to run six ships between Japan, Indonesia and Indian sub-continent.
Unanimous approval of IMO standards for coating Shipbuilders, owners and classification societies have finally approved the IMO standard for coating. The standard will apply as corrosion prevention ...
Olympic orders subsea vessel at Ulstein Verft Olympic Shipping has ordered yet another large, multifunctional subsea vessel, the Ulstein P101, at Ulstein Verft, but delivery schedule and ...
Rasmussen shipping profit surges Kristiansand based Rasmussen Group ' the shipping to real estate investment outfit ' announced pre-tax profit at NOK 1.38 billion last ...
Port signs second green lease Long Beach pushing for cleaner air as third-largest terminal operator agreeing to cold ironing.
EU plugs more shore-side power for ships Commission urges European states to provide incentives for shore-side electricity as part of push to improve air quality.
Denmark: Dan-Bunkering welcomes new trader
Second Saudi Aramco refinery deal on the cards One deal signed, another nearly ready, for two major new export-oriented refineries in Saudi Arabia.
Rotterdam market heads higher
OPEC would consider lowering output, Venezuela says Venezuela backs oil output cut from OPEC, oil prices may surge on upcoming US hurricane season.
Appeal to regain bunker licence sets precedent in Singapore The Appeals Panel recommended to reinstate a Singapore supplier's bunker licence after presiding over the first such case.
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