More needed to counter fuel costs In the same way that Western medicine is said to treat the symptoms and not the cause of an illness, the current measures that most shipping companies are taking to deal with the rising cost of fuel may not work in the long run.
China takes delivery of second locally built LNG tanker China took delivery of the second locally built liquefied natural gas (LNG) tanker in Shanghai last week as the world's second-biggest energy user imports more of the cleaner-burning fuel to meet rising domestic demand.
Strait Talk
Move with care on slow steaming HIGH bunker prices, as well as environmental considerations, have led many shipowners to consider 'slow steaming' as a way of reducing fuel consumption.
More needed to counter fuel costs In the same way that Western medicine is said to treat the symptoms and not the cause of an illness, the current measures that most shipping companies are taking to deal with the rising cost of fuel may not work in the long run.
China takes delivery of second locally built LNG tanker China took delivery of the second locally built liquefied natural gas (LNG) tanker in Shanghai last week as the world's second-biggest energy user imports more of the cleaner-burning fuel to meet rising domestic demand.
Strait Talk
Move with care on slow steaming HIGH bunker prices, as well as environmental considerations, have led many shipowners to consider 'slow steaming' as a way of reducing fuel consumption.
Containerships could be forced off-hire by fuel costs NOL chief executive Ron Widdows has predicted service pull-backs as capacity begins to outstrip demand.
New NOL chief Widdows won't rule out mergers
Imarex and Baltic clash on Worldscale rate equivalents BALTIC and brokerage run into discrepancy problems on first day of publishing complementary rates.
Poland wins EU extension POLAND has been given an extension until October to come up with a restructuring and privatisation plan for its shipyards.
Brazilian fund to thrash out deal DEBORAH Teixeira, the head of the Fundo de Mercante Marinha maritime fund, will meet with Brazilian transport ministry officials this week to seek a solution to the funding crisis affecting its yards
SCI building at half-speed SHIPPING Corp of India has been able to place just half of its planned orders because yards across the globe are overbooked ' just as government figures continue to show a drop in Indian-flagged tonnage
Seven killed at Vietnam port A CRANE collapsed today as it was being set up at a port in Vietnam, killing seven workers, Vietnam's government-run newspaper has reported
Brazil oil strike called ineffective BRAZIL's Campos Basin platforms have enacted contingency moves to counter strikers and are producing at more than 96% of capacity, the government-run oil giant Petrobras has claimed
STX to spend $35M on China yard SOUTH Korea's STX Shipbuilding plans to invest 35Bn won ($34.7M) to set up a wholly owned subsidiary in China, STX (Dalian) Business
Legislators pass California box fee bill The $30-per-TEU charge at LA-Long Beach and Oakland would help fund infrastructure, air quality improvement projects.
ILWU contract talks continue
Samudera adds feeder
ExpressRail Staten Island tops box volume estimates
Brazil takes four Petrobras signs five- and six-year drilling contracts for four Transocean-owned units, including a drillship.
Making waves ABS and Polish Register join hands in R&D efforts in elderly bulker reliability and vessel stability in extreme waves.
Ultra spin-off Analyst estimates that George Economou's proposed spin-off of ultra-deepwater assets could mean a $67-per-share dividend of the new company's stock.
Scrap happy Marad trumpets $5.77m in sales of seven merchant reserve fleet ships to recycling firms.
Crunched! Lloyd Fonds slashes profit forecast in half amid murky financial markets and lines up 'savings measures'.
Not so fast Anders Holm-led Nexus pays out $34m to put back the delivery of its second vessel.
Two to rise Analyst says Teekay Tankers and Hansson-led Nordic American should be best performers during earnings season.
Greek ship clipped Panamax bulk-carrier Atlantic Eagle damaged after striking object off Western Australia.
Island adds one Norwegian offshore owner returns to Aker Yards to ink $240m newbuilding.
African boost Suezmax owners to win more business into Europe in coming weeks as US demand falls, output rises.
Daewoo delay Unions preventing Korea Development Bank staff from carrying out due diligence.
Mercy mission MOL's training ship delivers aid to typhoon-hit Philippines, as cadets help with clean-up.
Boxing clever Feedership operator Qatar Navigation has revealed a much higher profit for the first six months of 2008.
Sevan exercises Oslo-listed offshore player to take up options on two drilling units in China, says Cosco.
Infamous five Quintet of boxships make up Hong Kong's June detention list, including Yang Ming and Hapag-Lloyd vessels.
Golar gets Gandria Hoegh vessel goes to Gary Smith-led owner as it chases FSRU opening with PetroSA.
FOE flags costs Fred Olsen Energy warns of increased costs as newbuilds come on stream, but profit on the up.
Seadrill stalled Start-up of John Fredriksen's latest rig newbuilding delayed by two months after testing overruns.
Take it back! Vietnam's Hyundai-Vinashin Shipyard facing penalty after trying to bury waste in small village.
Football frenzy A record turn-out of 19 teams battled for 2008's Marine Challenge Cup in London, but who came out on top?
Ferry death UK police name man who fell from LD Lines ship in English Channel.
Handy six pack Chinese owner to order handymax sextet for greener and more efficient inland and coastal trades.
Monopoly over Malta to issue international tender for ferry services to smaller island of Gozo.
US aids Timber Crew of stricken Lehmann Timber said to be "in good condition" as US Navy destroyer intervenes.
Tallink trouble Workers wants 50% pay hike from Estonian ferry owner, with strike action threatened.
Fresh finance Geophysical firm Polarcus secures $140m in extra financing to go towards newbuilds.
Petra fixes pair Malaysian offshore player charters two anchor handlers to domestic oil major Petronas.
Gdynia strike? Polish shipyard workers voting on walk-out over possible closure in restructuring row with Europe.
Baoshan buys in Steel giant fuses with China Merchants Holdings to headline $600m expansion of Zhanjiang Port.
Pemex says no Mexican oil company rejects domestic owner TMM's offer of five products tankers for charter.
Back to normal Singapore's PSA sees year-on-year increase of nearly 12% in volumes, as Jurong slips to 5.5%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
