Space supply squeeze hits US exporters At a time when the struggling US economy needs the biggest boost it can get from booming exports, companies and agricultural producers with American goods bound for overseas can't find enough empty containers and have to wait weeks to get space on ships headed to Asia.
Scholarships launched in a visionary's name In recognition of the need to help less privileged Singaporeans upgrade themselves and the visionary spirit of the late Howe Yoon Chong, PSA International has launched a $15 million endowment fund with contributions from PSA and Temasek Holdings.
Strait Talk
Big issues to confront at salvage convention SINGAPORE seems to be having a good year for shipping conferences. The most recent, the TradeWinds 2008 Marine Risk Forum last week, attracted some big-name speakers and considerable media interest.
Space supply squeeze hits US exporters At a time when the struggling US economy needs the biggest boost it can get from booming exports, companies and agricultural producers with American goods bound for overseas can't find enough empty containers and have to wait weeks to get space on ships headed to Asia.
Scholarships launched in a visionary's name In recognition of the need to help less privileged Singaporeans upgrade themselves and the visionary spirit of the late Howe Yoon Chong, PSA International has launched a $15 million endowment fund with contributions from PSA and Temasek Holdings.
Strait Talk
Big issues to confront at salvage convention SINGAPORE seems to be having a good year for shipping conferences. The most recent, the TradeWinds 2008 Marine Risk Forum last week, attracted some big-name speakers and considerable media interest.
MOL to add 53 ore carriers MITSUI OSK Lines announced today that it will take delivery of 53 dedicated ore carriers between now and the end of 2014.
Oz fines SYMS garbage ship UNLAWFUL disposal of garbage into Port Phillip Bay has earned the owners and master of a Chinese containership fines of over A$42,000 ($39,600) in the first such prosecution by Victoria's Environment Protection Authority (EPA)
US coastwise trade plummets THE Jones Act spot tanker market is being heavily impacted by historically high crude prices, according to US Shipping Partners chief executive Paul Gridley
Vessel operator fined over bunkering spill A February 2007 bunkering spill from a visiting bulker has earned the vessel's operator a $27,500 fine from the Washington State Department of Ecology
Iran, Azerbijan in maritime agreement IRAN and Azerbaijan have agreed to cooperate on shipping trade matters in the Caspian region
Chavez links up with Iran A NEW liner service is due to start on 16 May connecting Iran with Cuba and Venezuela.
NY Container Terminal easing truck jam New York Container Terminal taking steps to ease truck congestion after exports surge by 85 percent in recent months.
Crew, officer shortages threaten global trade: Drewry
Offshore tenders seek 146 Brazil's Petrobras unveils a huge offshore vessel program worth $50bn.
Snohvit shuts down StatoilHyrdro starts the shutdown of its Barents Sea LNG export facility.
Venezuela to order at Viana Venezuelan interests in talks to book vessels from Portugal's Viana do Castelo Shipyard, including for PDVSA.
Ocean Heavylift settles Force majeure claim on the Ancora will drop the price of the ship by $17m.
Green goes red Oslo-listed reefer owner blames disappointing first quarter on rising costs and labouring spot market.
Aries Maritime pays up US-listed containership and products tanker owner returns to paying dividends after a one-quarter suspension.
Putin puts the boot in New Russian PM hits out at delayed creation of United Shipbuilding Corp and says domestic yards need to be more competitive.
Coscon firms foursome Quartet of 4,250-teu options firmed at Jiangsu New Yangzi brings Cosco Container Lines' tally to 20.
Three spree Paragon Shipping fixes panamax for three years and confirms charters for same period for two other units.
Japan detains 20 Two general cargoships held in April with faults relating to oil filtering equipment.
Ferries grounded by truckers Strike over haulage rates leaves at least five vessels stuck at Piraeus on Tuesday.
USSP for sale? Jones Act owner to "explore strategic alternatives" as market slumps while it raises loan default fears.
Death of an industry? Polish yard workers bring coffin to prime minister's office to beg for help, as Gdynia buyer reportedly pulls out.
Petrojarl returns to red Oslo-listed FPSO owner's first quarter figures hit by reduced production and the slack US dollar.
USSP swings to loss US-listed tanker and tank-barge owner suffers tough first quarter, but hopes new deliveries will boost fortunes.
Good year for Varun Indian tanker and gas carrier owner's annual profit almost doubles as revenues soar.
Mipo scoops mystery sextet Hyundai Heavy Industries unit grabs $308m chemical tanker order from Europe.
MOL plots ore carrier frenzy Japanese owner will grow its dry-cargo fleet by nearly a third over the next six years with 53 new bulkers set to hit the water.
Hanjin confirms VLCC pair Order for 320,000-dwt pair at Hyundai Heavy reported in TradeWinds confirmed by Korean owner.
PUC toasts stellar start Singapore group's first quarter profit rises sharply as tugs and barges earn more.
Naikai Zosen soars Japanese yard smashes last year's result as strong second half sees profit more than double.
Bocimar orders dry quartet Belgian owner's $154m gain from selling three ships to Genco to be reinvested in Chinese capesize and post-panamax tonnage.
OSM fined over bunker spill Norwegian manager's Singapore operation has paid $27,500 after bulker leaked fuel oil in Seattle last year.
Forex pain for Rieber Weak dollar and pound hurt charter revenues at Rieber Shipping in first quarter but profit up.
TBS sells to buy US tweendecker specialist offers up to 3.4m shares worth $179.5m to boost fleet.
100 orders and counting... Sophocles Zoullas puts a figure on the number of bulker newbuildings cancelled so far in 2008.
Profits up at MISC Shipowner's results up 13% on better performance from offshore, yard and liner segments.
ASL has all guns blazing Singapore-listed shipowner and yard group sees net profits jump by 32% in the third quarter.
Big contract for TTS TTS Ships Equipment AB in Göteborg have secured a contract worth approximately EUR 50 million for delivery of cargo access equipment to the world's largest ro-ro vessels under construction at Mitsibishi Heavy Industries in Japan. Swedish Wallenius and Norwegian ...
Norwegian delivery from Dockstavarvet Swedish yard Dockstavarvet AB has delivered one pilot boat for the Norwegian Coastal Administration (NCA) for the pilot station in Fedje outside Bergen. LOS 116 is the first boat in a series based on an existing hull design from NCA ...
Alcohol caused the grounding of Wani Will The mate on duty on the coaster Wani Will was heavily intoxicated on the voyage on February 24, 2008, that ended just south of the breakwater at R'nne on Bornholm. The second officer on duty was tested by police shortly ...
Rosneft steps up Russian bunkering operations Company reveals near-term sales targets in St. Petersburg and river market prior to international market entry.
Bunker market report from Praxis
Rotterdam bunker market remains firm
Testing agency warns against 'listing' contaminants Residual bunker fuel contains 'thousands of different components', some of which could be harmful in certain conditions, says DNVPS.
Singapore: April bunker sales up Sales at fresh record high.
Indonesia mulls quitting OPEC 'temporarily' Country is no longer a net exporter of oil.
Singapore shipowner fined for Seattle spill Songa Hua crew deemed negligent during bunker loading.
Bunker costs may hurt Malaysian liner's results Expects container shipping markets to weaken further.
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