Box rate fears unfounded: Cosco FEARS that a substantial gap between supply and demand in the container shipping industry would lead to a collapse in freight rates are unfounded, according to a senior Cosco Container Lines executive, who said that the effective gap would be only 1-2 per cent.
Shipping rates for coal, iron ore may hit record SHIPPING rates for iron ore and coal may rise to a record this year and gain further until 2010, driven by demand from China and port bottlenecks, executives and analysts said.
Somali pirates demand ransom for ship SOMALI pirates are demanding US$20,000 for the return of an Indian-flagged merchant ship and its crew, officials said yesterday.
Admiralty Casebook
Outbreak of war considered in damages assessment THE HOUSE of Lords in the UK last week upheld a decision that a charterer only had to pay damages from the time it terminated a charter until the outbreak of the Iraq war and not the full remaining period of the charter.
Box rate fears unfounded: Cosco FEARS that a substantial gap between supply and demand in the container shipping industry would lead to a collapse in freight rates are unfounded, according to a senior Cosco Container Lines executive, who said that the effective gap would be only 1-2 per cent.
Shipping rates for coal, iron ore may hit record SHIPPING rates for iron ore and coal may rise to a record this year and gain further until 2010, driven by demand from China and port bottlenecks, executives and analysts said.
Somali pirates demand ransom for ship SOMALI pirates are demanding US$20,000 for the return of an Indian-flagged merchant ship and its crew, officials said yesterday.
Admiralty Casebook
Outbreak of war considered in damages assessment THE HOUSE of Lords in the UK last week upheld a decision that a charterer only had to pay damages from the time it terminated a charter until the outbreak of the Iraq war and not the full remaining period of the charter.
Passengers flee grounded cruiseship in Aegean Sea ABOUT 1,200 passengers evacuate the Sea Diamond after it ran aground half a mile off the dockside of Santorini island.
OOIL runs into transfer fee roadblock PORT Authority of New York and New Jersey demands $54m to approve sale of Staten Island port concession.
Panama Canal delays toll hikes PANAMA Canal Authority says it will postpone start of new fee structure from May to July.
Panama Canal delays toll increase CITY OF PANAMA 05 April ' The Panama Canal Authority (ACP) today published a new proposal to restructure the Panama Canal's pricing system and certain regulations
Greek idyll comes to grief THE Greek-flagged cruise ship Sea Diamond has been evacuated with no casualties after it hit a reef this afternoon off the port of Fira on the Cyclades island of Santorini
Port of Spain backlog after strike A STRIKE halting all cargo operations at Trinidad's Port of Spain ended last night, but the backlog could take weeks to clear
Pemex battles Cantarell plummet MEXICAN oil giant Pemex is moving to stop the bleeding at its largest field, Cantarell, which lost 20% of its production over the past 12 months
New maritime legal group for London market SCOTTISH-based legal practice HBJ Gateley Wareing has concluded a deal to merge with Shaw & Croft, described as London's first shipping boutique
Essar goes big on bulk CYPRUS-based Essar Shipping & Logistics is buying four new Supramax ships and two second-hand Capesizes, for a total $250M, to ship iron ore from Brazil to China
Mediterranean Shipping joins TSA The carrier, which has long operated independently of alliances and discussion groups, is the second to join the TSA this year.
NY/NJ commits to sustained policy of upfront payments from terminal buyers The Port Authority of New York and New Jersey is committing to a policy of getting investment commitments from investors ' even professional terminal operators ' in an up-front payment.
Vote on Smit Rotterdam pay deal within two weeks No industrial action will be taken over the next week and a half to two weeks by Smit Rotterdam tug crews, as they cast secret ballots on the deal offered by Smit.
Irish Continental Group examining rival bid
Maersk facing new NZ shipper backlash
ACCC nod for Toll split, with conditions
Indonesian transport sector leans on government for tax cuts and incentives
Inchon Container Terminal reports surge in operating profit
More containers, new developments at Port of Basel
Indonesian forwarder builds co-operation with Lauritzen Cool Logistics
Strong growth for TT-Line In 2006 the number of trucks and trailers carried by TT-Line on the routes Trelleborg'Travem'nde and Trelleborg'Rostock ...
Cell phones cause of collision The use of mobile phones was a contributing factor to the collision between The Ahlmark Line dry cargo vessel Skagern ...
LNG officers in high demand The lack of experienced LNG-officers forces shipping companies to take officers from experienced in other ship types, salaries of ...
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