Ship finance scheme offers good tax breaks HOPING to capture a slice of the annual global US$300 billion ship financing pie, Singapore has released details of the earlier announced scheme of tax breaks, the Maritime Finance Incentive , which include life-long tax exemptions for vessels acquired by approved ship investment vehicles.
AP Moeller-Maersk cuts 2006 profit outlook AP Moeller-Maersk A/S, the world's biggest container shipping company, cut its outlook for 2006 profits on Tuesday in part due to falling freight rates, sending its shares sharply lower.
Focus on post-terror-attack economic revival: US ports study THERE is no foolproof way to secure America's seaports against terrorism, so the government should focus more time and money on plans to
Logistics
Birkart Globistics' 2005 profit jumps 47% INTERNATIONAL logistics firm Birkart Globistics air + ocean has announced that it has seen healthy profit margins for the financial year 2005.
New website checks up on major shippers PACKAGE shipping firms have long resisted the destructive, Internet-inspired price wars that pushed passenger airlines to slash prices below the break-even point.
Port Shots
Port Shots FRONTLINE Ltd, the world's largest tanker company by capacity, said it ordered four very large crude carriers, or VLCCs, for an undisclosed amount from Jiangnan Shipyard Group Co of China.
Ship finance scheme offers good tax breaks HOPING to capture a slice of the annual global US$300 billion ship financing pie, Singapore has released details of the earlier announced scheme of tax breaks, the Maritime Finance Incentive , which include life-long tax exemptions for vessels acquired by approved ship investment vehicles.
AP Moeller-Maersk cuts 2006 profit outlook AP Moeller-Maersk A/S, the world's biggest container shipping company, cut its outlook for 2006 profits on Tuesday in part due to falling freight rates, sending its shares sharply lower.
Focus on post-terror-attack economic revival: US ports study THERE is no foolproof way to secure America's seaports against terrorism, so the government should focus more time and money on plans to
Logistics
Birkart Globistics' 2005 profit jumps 47% INTERNATIONAL logistics firm Birkart Globistics air + ocean has announced that it has seen healthy profit margins for the financial year 2005.
New website checks up on major shippers PACKAGE shipping firms have long resisted the destructive, Internet-inspired price wars that pushed passenger airlines to slash prices below the break-even point.
Port Shots
Port Shots FRONTLINE Ltd, the world's largest tanker company by capacity, said it ordered four very large crude carriers, or VLCCs, for an undisclosed amount from Jiangnan Shipyard Group Co of China.
Ship finance scheme offers good tax breaks HOPING to capture a slice of the annual global US$300 billion ship financing pie, Singapore has released details of the earlier announced scheme of tax breaks, the Maritime Finance Incentive , which include life-long tax exemptions for vessels acquired by approved ship investment vehicles.
AP Moeller-Maersk cuts 2006 profit outlook AP Moeller-Maersk A/S, the world's biggest container shipping company, cut its outlook for 2006 profits on Tuesday in part due to falling freight rates, sending its shares sharply lower.
Focus on post-terror-attack economic revival: US ports study THERE is no foolproof way to secure America's seaports against terrorism, so the government should focus more time and money on plans to
Logistics
Birkart Globistics' 2005 profit jumps 47% INTERNATIONAL logistics firm Birkart Globistics air + ocean has announced that it has seen healthy profit margins for the financial year 2005.
New website checks up on major shippers PACKAGE shipping firms have long resisted the destructive, Internet-inspired price wars that pushed passenger airlines to slash prices below the break-even point.
Port Shots
Port Shots FRONTLINE Ltd, the world's largest tanker company by capacity, said it ordered four very large crude carriers, or VLCCs, for an undisclosed amount from Jiangnan Shipyard Group Co of China.
Top Tankers quizzed by US regulators TOP Tankers has received informal inquiries from US regulators concerning its ship acquisitions, the company said while launching an 'at the market' sale of new shares worth $19.5m.
Maersk bolsters boardroom team after box profit warning AP Moller-Maersk has reshuffled and strengthened top management ahead of the eventual retirement of chief executive Jess Søderberg.
Wiernicki trump card in ABS pack reshuffle A SWEEPING management reshuffle at American Bureau of Shipping sees Christopher Wiernicki designated as president and chief operating officer and Rear Admiral Thomas Gilmour of the US Coast Guard drafted in as president of ABS Americas, writes Rajesh Joshi in New York.
Costamare in first Chinese post-panamax export orders GREEK container vessel specialist Costamare Shipping has returned to the shipyards with what looks certain to be the first deal for post-panamax containerships ever awarded to a Chinese shipyard by foreign owners.
Calcasieu impact hits oil reserves IMPACT from the oil spill in Louisiana's Calcasieu Ship Channel continues to grow as refineries are tapping strategic reserves, gasoline prices are rising and stocks are flat
SEC probing Top Tankers NASDAQ-listed Top Tankers has confirmed that it is under informal investigation by the US Securities & Exchange Commission
Shays targets cruise crime THE Cruise Line Accurate Safety Statistics Act has been drafted, representing the first legislative fallout from the "man overboard" media frenzy
Bush nominates for MarAd again VIRGINIA lawyer and republican stalwart Sean T Connaughton is being nominated by President Bush to head the US Maritime Administration
UK's MCA looks at overseas presence THE UK's Maritime and Coastguard Agency is moving its corporate structure to match the needs of its customers, which will probably mean opening offices overseas
Cruising down under uncovered THERE has been further unwanted publicity for P&O Cruises Australia stemming from the coronial inquiry into the suspicious death of a passenger
Connaughton tapped for Marad post The White House announced that President Bush will nominate Washington maritime attorney, Coast Guard veteran to head Maritime Administration.
Maersk refutes claims that Asia-Europe rate crash was its doing Maersk Line has denied that its attempts to maintain market share were a major cause of the crash in Asia/Europe rates and a contributor to its own reduced income forecast.
Maersk now target as MSC reaches Noumea settlement New Caledonia's USTKE union is turning its attention to Maersk after striking an agreement with MSC, facilitated by the French Ministry of Transport, for continuing calls at Noumea.
Broker: charterers to ignore profit worries in bid to keep market share
Stena Line jumboizes ro-pax ferries Stena Line announces an investment of EUR 100 million to increase the capacity of its two ro-pax vessels on ...
Stena Line plans withdrawal of fast ferry Due to high bunker costs, Stena Line has plans to withdraw the high speed ferry "Stena Discovery" from service during ...
Houston firms on quiet trading Gulf port back at $300 with below average demand and bullish crude.
New ship fuel rules for LA, Long Beach Details of new cooperative approach revealed, including far-reaching fuel restrictions.
DOE: US stocks of crude and gasoline drop Latest US oil inventory report shows draw in crude and gasoline stocks.
Environmental watch around grounded ship Powerful salvage tug headed for container vessel grounded just outside East London.
Fuel specialities firm to boost production Expansion of German plant will raise output of Ferrocene, a component of products claiming to improve combustion and reduce emissions.
Rotterdam market mute as figures firm
Singapore bunker players agree on Q3 term barrel premiums Players agree on premiums of $3-6 pmt over MOPS 380 cst assessments for term cargoes in Q3.
Oil prices rise above $72 Oil prices gain on US refinery disruption, strong energy demand from China.
Hong Kong: ExxonMobil looking to supply 500 cst The company plans to introduce 500 cst into the market between September and December this year.
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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