Asian tanker rates enjoy longest rally since March The cost of shipping Middle East crude to Asia, the world's busiest market for supertankers, may rise for a 13th day, its longest winning streak since March, as owners' confidence strengthens.
Bunker volume at Indian port to rise Port of Mundra, India's major bunkering port, is expected to see a jump in bunker volume in 2008, said a senior executive at Adani Bunkering Services, which supplies bunkers at the port.
Cambodia beefs up maritime security to fight terrorism Cambodia has strengthened its maritime security to fight against terrorism, transnational crimes and improve its sea environment protection, said Prime Minister Hun Sen here yesterday. 'I used to be very concerned that my country can become a safe shelter for terrorists in maritime areas because we lacked the materials and techniques to safeguard the territory. Now, we have cooperation with our friends and partners to combat all those terrorists and cross-border criminals and improve our sea environment protection,' he told the Cambodia Maritime Security Seminar held in Phnom Penh city with the attendance of some 100 participants from Australia and Cambodia.
China urged to end box lines antitrust immunity SENIOR Washington official to press China to remove liner conferences antitrust exemption.
European shippers draw up red lines
El Paso takes stake in US Gulf terminal venture GROUP buys 50% interest in Gulf LNG Clean Energy, almost five years after reducing involvement in LNG sector.
Petraia Maritime fined over 'magic pipe' offences US district court fines company more than $500,000 and orders two year probation period.
Greek generosity reinforces global maritime links GREEK Shipping Minister George Voulgarakis discusses his vision of Greece's maritime strategy.
The price of adventure EXPLORING icy waters may be all part of the attraction for cruise passengers, but at what price?
ABS rejects new Prestige claims It has been alleged that Robert Somerville, the chairman of class society American Bureau of Shipping, admitted to a court in New York four years ago that ABS could have stopped the tanker Prestige from sailing
American Club premiums rise by 20% AMERICAN Club, the US-based P&I club, has decided to increase total annual premium for the 2008/09 underwriting year by 20%
Slow speed savings justify new ship CMA CGM's 5 500TEU newbuilding, the Monte Tamaro, will become the French container operator's ninth vessel on its service between Asia and Europe from next week
Euro states face pollution penalty THE European Commission has decided to send "reasoned opinions" to eight member states for failure to adopt the Ship-Source Pollution Directive
Arpeni wins coal contract In the race to transport coal, PT Arpeni has beaten seven other rivals to the finish line
Disagreement over Ionia penalty PROSECUTION and defence lawyers are at loggerheads over the extent of penalties to be levied on Ionia Management for oil spill-related convictions
NY-NJ port sues over Bayonne deal Authority asks court to uphold deal it had with city to buy former military ocean terminal for development as auto facility.
CBM appoints Power as new magazine chief
Four more TWIC ports added
Port security should include private stakeholders: Expert
FOC pay up 8% ITF benchmark matches IBF deal as developed-economy ratings fund gets new name and concept.
Bankers in the lead Fortis finance chief, Svein Engh, is out in front in TradeWinds' freight rate challenge as capesize index falls for fifth consecutive day.
Mercator could raise $200m Price of Indian owner's Singapore IPO to be in SGD 0.76 to SGD 0.94 range.
Bulker sinks, 26 missing off Taiwan Coast guard rescues one Indonesian crew member of Panama-flagged handysize lashed by typhoon off Taiwan.
British Marine bucks trend Few shipowners to face significant rate rises as former insurance club stays on course.
Lopez eyes shipbuilding Pilipino conglomerate lining up entry into the shipbuilding sector and is scouting for foreign partners.
Cosco forecast: stormy with ray of hope Clouds gather as line's director of research predicts turbulent times ahead for dry cargo owners with 2008 promising to be a particularly rough ride.
Forth stronger in first six Scottish tanker owner sees profit from charter grow despite revenue dip.
SeaWind ends passenger service Tallink subsidiary to focus on freight shipments between Finland and Sweden.
Globus gets cash George Karageorgiou's London-listed company secures $120m loan to cover recent ship purchases.
Lucky three for STX Korean owner STX Pan Ocean signs for a trio of capesizes in China at competitive price.
Tanker re-floated in Dardanelles Liberia-flagged aframax in ballast en route to Novorossiysk grounded in gale force nine winds off Turkey.
Changjiang expecting big things Chinese tanker owner says 2007 profit should double following strong results to end-October.
Vietnam urges HVS to clean up Hyundai-Vinashin yard must treat all waste copper slag before 2010.
CSG agrees Damietta deal Chinese state giant reportedly teaming up with CMA CGM to run Egpytian box terminal.
NOx tax killed off Color Line's Bergen route Norway's unique NOx tax, which discriminates against Western Norway and Northern Norway to the advantage of Eastern and Southern Norway, was one of the main reasons why Color Line decided too close down the route from Bergen via Stavanger to ...
Klaveness increases in Svithoid Klaveness Invest increases its holdings in Svithoid Tankers from 19.7 to 24 per cent of the capital and from 16.1 to 20.2 per cent of the voting shares. Svithoid Tankers AB do business within shipping and operates ...
DFDS Lisco deploys a third ro-ro on Karlshamn-Klaipeda DFDS Lisco will strengthen it's service from Karlshamn to Klaipeda further and will from December 1, 2007, set a third ro-ro in service on the run. It will be the Tor Neringa, which will join the Lisco Patria and ...
Rotterdam fuel oil values fall End of day trade driven lower with crude.
Crude drops after modest US inventory draws Weekly DOE report less bullish than expected.
UK climate change bill under fire UN report says failure to include aviation and shipping could cancel out half of UK's planned greenhouse gas reduction.
Mixed signals for oil prices after big slump Tuesday OPEC officials downplaying talk of production increase, US data expected to show inventory draws.
Bunker players 'quietly frustrated' Lack of correlation between price trends and fundamentals making it hard to control costs.
EMSA boosts ship pollution response Seven more contracted vessels will be equipped and ready as pollution response vessels by mid-2008.
Forum to focus on bunkering safety Current port state control not sufficient to enforce regulations on bunkering activities.
Aegean unveils new bunker tankers The 4,600 dwt double hull tankers will operate out of Singapore and the UAE.
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