The days they used to SOS Keppel It would be a bit of an understatement to call Seow Tiang Keng an engineer. If Singapore owes its turbocharged landscape of today to the architects of its infancy, Mr Seow was one of the men who helped to build it from the marsh up.
Strait Talk
Time for a more robust response to piracy THERE were dramatic events in the Indian Ocean last week as two navies, Malaysia's and South Korea's, demonstrated that apparently ever bolder Somali pirates do not always have everything go their way.
The days they used to SOS Keppel It would be a bit of an understatement to call Seow Tiang Keng an engineer. If Singapore owes its turbocharged landscape of today to the architects of its infancy, Mr Seow was one of the men who helped to build it from the marsh up.
Strait Talk
Time for a more robust response to piracy THERE were dramatic events in the Indian Ocean last week as two navies, Malaysia's and South Korea's, demonstrated that apparently ever bolder Somali pirates do not always have everything go their way.
K+N expanding its European overland network Kuehne + Nagel is set to significantly expand its European overland network, by increasing the number of scheduled international lines from 300 to 500 by 2014, with departures doub...
German seaports handle 5.8% more from January to September 2010 Germany's seaports lifted approximately 5.8% more cargo in the first nine months of 2010, compared to the same time frame in 2009, according to provisional data releas...
Korea Line faces painful options Carrier may need to sell part of its owned fleet to get through its financial troubles
Korea Line filing fear for panamax owners Fears of oversupply as average time charter rate of $12,000 per day looks set to fall further
Ship auctions spike as market drops Two gas carriers arrested in Gibraltar are set for sale by auction in February, in what sale and purchase brokers believe might be a sign that banks are losing patience with non-performing shipowners
Black Sea and Med offer hope for crude aframaxes After a soft start to 2011 for the crude aframax fleet, several brokers have pointed to better rates prospects for those trading in the Black Sea and Mediterranean regions, which could boost other routes
Excel distances itself from Korea Line panic Dry bulk operator seeks to reassure investors as Korea Line bankruptcy takes its toll on shipping stocks
Eagle Bulk share price dives on Korea Line fears Bankruptcy protection filing ensnares as many as 150 dry bulk carriers on long-term charter
Door still open for Korea Line state bail out Bankruptcy protection laws give shipowner plenty of leeway for a cash injection
Malacca Straits poses no challenge to Maersk giants New report says boxships of nearly double 18,000 teu can effectively transit waterway
Germany edges closer to armed guards onboard German Ministry of Defence and the Ministry of the Interior to evaluate armed guards for German flagged ships
Samho Jewelry hijackers likely to be tried in South Korea Alleged pirates will probably stand trial in South Korea
US car sales drive surge in container volumes South Korean exports pushing overall 21% rise in eastbound volumes from northeast Asia in the third quarter 2010
Louis Dreyfus in merger talks with Glencore Mulls Singapore listing for LD Commodities trading arm
Shipping rates diverge as commodities surge Prices for bulk commodities return to near record highs but shipping rates hit near record lows
Hamburg formula gaining acceptance German approach could change the way calculations are made to determine what a vessel is really worth
Estimating value the Hamburg way
Kiel sees record throughput numbers Port handles 5.8m tonnes of cargo in 2010
Making salvage terms stick Will changes to the salvage convention protect cargo owners from hasty decisions?
Common user key to DP World strategy Port group looks at individual terminal assets rather when considering purchases
Solvency II amendments to make transition easier Attempts to clarify the time'table for Solvency II imple'mentation have left insurers' preparations even more awry
Call for increased competition within mutual P&I market Lack of alternative to P&I body creating problems, warns marine broker Tysers
Bringing out the big guns may put you in the firing line Broker Jardine Lloyd Thompson is set to launch a new service for its maritime clients ' the opportunity to use armed guards as they traverse the pirate-ridden waters off the coast of Somalia
Transparency is vital to assess risks Shipping companies seeking to raise equity should be prepared to provide more detailed information to protect investors and lenders
Welcome piracy move The shipping industry needs to address the problems piracy presents to it in a way that resembles other corporate risk management policies
Inland importance The Rhine logjam caused by a capsized tanker should be a wake-up call to press for more inland salvage resources
CSD forecasts 60% surge in 2010 profits Growth seen as freight rates increase
Keppel 2010 profit up 12% Net profit reaches $1.4bn but revenues fall 20% due to reduced orderbook
Berlin pirate talks stall GERMAN owner representatives said they have failed to reach accord with the government in discussing a scheme to deploy naval guards on German ships.
Terminal tension boils up A PORT alliance set up to lobby for a permit to build the proposed Jasper Ocean Terminal in South Carolina has pointedly left out Charleston.
Oil price warning sounded IF DEMAND stays high for diesel to generate power in China, last week's brief bob of the ICE Brent crude price above $100 per barrel could become familiar in tanker markets, a report warned today.
'Captain Vassilis' dies GREEK shipping titan Vassilis Constantakopoulos died today at age 75.
Kyushu buys Gorgon's LNG JAPAN'S Kyushu Electric Power has signed a deal to buy 300,000 tonnes of LNG per year, to be shipped from the Gorgon project in Western Australia, IHS World Markets Energy reported today.
HMM unveils record figures HYUNDAI Merchant Marine in South Korea has announced that it had record business results last year.
Nanjing Tanker to distribute bonus shares CHINESE tanker operator Nanjing Tanker said today it plans to distribute bonus shares to its shareholders.
Songa raises holding SONGA Offshore, the listed Norwegian offshore vessel operator, has increased its holding in Deepwater Driller to 51.9%, from 31.25% that it owned previously.
Korea Line seeks receivership THE FAILURE of Korea Line is likely to resurrect concerns about the health of drybulk shipping as a whole, analysts said today.
Hanjin terminal at Jaxport delayed again PLANS FOR Hanjin's first box terminal on the US East Coast have been delayed once again, with construction now pushed back for 18-24 months.
Chevron sells Japan more LNG from Oz CHEVRON Australia has struck another major sales deal for LNG from its Gorgon project in Western Australia.
A drybulk silver lining? MERCATOR Lines, the Singapore-listed subsidiary of India's second-biggest privately owned carrier, said today it has secured a six-year charter for one of its post-Panamaxes.
Chemoil closes four units SINGAPORE'S bunker supplier Chemoil has closed four dormant subsidiaries as part of its downsizing programme.
Compressor blamed for fire A FIRE in the engine room of one of the world's few coal-burning merchant ships was caused by an overheating air compressor, an inquiry has found.
Coal importers rush to fix BROKERS in Singapore told Fairplay today that Chinese coal importers are rushing to fix shipments to cover the 15-day Chinese New Year holiday that starts on 3 February.
Prince Rupert Handles Record Cargo Container volume increased to 343,366 20-foot equivalent units in 2010, a 29.5 percent increase over 2009, at the three-year-old container...
Norfolk Southern Profit Climbed 31 Percent to $402 Million Norfolk Southern earned a net profit of $402 million in the fourth quarter, a 31 percent gain compared with a...
Census Bureau to Change Export Filing Rules Rule changes proposed by the Census Bureau would severely limit post-departure electronic export declarations. Only a limited number of agricultural...
Railroads Trim Payrolls in December The seven largest freight railroads trimmed 642 positions from their combined U.S. workforce in December, for the first reduction since...
Builders Group Presses GOP Lawmakers on Infrastructure A construction industry group says backers of a new national transportation bill must provide 'transformational reforms' to get a highway...
US Postal Service Energy Reduction Saves $5 Million The U.S. Postal Service saved $5 million in 2010 by reducing energy, water, solid waste to landfills and petroleum fuel...
Port of Oakland Names Three Executives The Port of Oakland announced three hires to advance its five-year strategic plan. The Board of Commissioners last year worked...
Swift's Annual Revenue Rises 13.9 Percent to $2.9 Billion Swift Transportation raised its operating revenue 16.8 percent year-over-year in the fourth quarter to $780.4 million as it increased volume...
Pirates Seize Beluga Project-Cargo Vessel Pirates off the coast of Somalia captured a German multipurpose vessel with 12 men on board. The Beluga Nomination,...
Consumer Confidence Shifts Upward The Conference Board Consumer Confidence Index in January shifted upward to a level not seen since May 2010 as income...
CN Profit Grows 19 Percent to $503 Million Canadian National Railway saw its fourth quarter operating income rise 18.5 percent from a year earlier to $774 million while...
Vietnam Terminal Gets Super Post-Panamax Cranes Vietnam's Cai Mep International Terminal took delivery of the first two of six super post-Panamax ship-to-shore cranes that will enable...
DP World 2010 Traffic Hits Record 49.6 Million TEUs DP World reported container traffic rose 14 percent in 2010 from the previous year to an all time high of...
French Ports Return to Work French ports Jan. 25 returned to work after a four-day nationwide strike as dock unions plan their next move in...
CSX Profit Jumps 42 Percent to $430 Million CSX Transportation's net profit rose 42 percent in the fourth quarter from a year earlier to $430 million, with a...
Heat treatment revised for emerald ash borer The U.S. Department of Agriculture''s Animal and Plant Health Inspection Service (APHIS) has revised the heat treatment schedule for ash logs and all hardwood firewood moving interstate from an emerald ash borer (EAB) quarantined area. "APHIS poli...
Tribunal favors U.S. on Canadian lumber spat A London Court of International Arbitration (LCIA) tribunal last Friday sided with the United States in the second arbitration brought under the U.S.-Canada 2006 Softwood Lumber Agreement (SLA). The tribunal found Canada breached its obligations u...
Taiwan's beef tests embroil U.S. exporters The U.S. government is seeking clarification from Taiwan on its recent decision to begin testing beef imports for the growth promotant ractopamine hydrochloride. While Taiwan has had a zero-tolerance policy in place for several years against the u...
Thackrah to direct Military Sealift Command The U.S. Navy''s Military Sealift Command has named John Thackrah as executive director. Thackrah, a member of the federal government's Senior Executive Service, will oversee the command's business operations and serve as a senior advisor to the co...
Shippers face onerous EU manifest requirements? A U.K.-based shippers' advocate group is voicing its concern over what it calls onerous expectations from some carriers in response to the European Union's new advanced manifest rules, which went into effect Jan. 1. Some carriers are asking for th...
TIACA names Steen chairman The International Air Cargo Association has appointed Michael Steen, executive vice president and chief commercial officer for Atlas Air Worldwide Holdings, to chairman. Steen was the association's vice chairman, when Ulrich Ogiermann, former pres...
U.S. acts to improve high-tech trade with India The U.S. Commerce Department on Monday took the first steps to implement the export control policy initiatives announced by President Obama and Indian Prime Minister Singh on Nov. 8, 2010. "Today's action marks a significant milestone in reinforcin...
Shipper news Taiwan's beef tests embroil U.S. exportersThe U.S. government is seeking clarification from Taiwan on its recent decision to begin testing beef imports for the growth promotant ractopamine hydrochloride. Tribunal favors U.S. on Canadian lumber spat...
Topoil takes TC of Pallas newbuilding Topoil of Gothenburg takes time charter of the newbuilding Pallas Shipping ordered in Turkey in the summer of 2010.
Norden sells six under construction D/S Norden has signed an agreement for an en bloc of six Handysize newbuildings currently under construction in China. The series of bulkcarriers will be delivered within this year
Odense deliver the first of three frigates Odense Steel Shipyard has officially delivered the first of the three frigates under construction for the Danish Navy. The first one is now handed over to the Navy and will
Debate over California fuel rule continues Regulation attempts to balance the need to reduce emissions and the needs of the shipping industry.
LNG carrier will be classed to 'highest' environmental standards Carrier will be able to use LNG as a bunker fuel.
Prices steady in Fujairah Reports of tight avails for deliveries before February.
Prices ease in Rotterdam and Hamburg 32 Vessels waiting off Gibraltar to enter the port for bunkering.
Judge to rule on point of law in bunker spill case Pacific Adventurer spill was 'worst in Australia's history'.
Eniram's improved technology for Azipod Eniram's pod optimisation technology will be integrated into ABB's Azipod propulsion system for new build vessels.
Players fear 'monopolisation' of Novorossiysk bunker market Sources say port operator is putting pressure on ship owners.
New bunker tanker for Scandinavian waters Topoil says vessel is designed to meet demands of Scandinavian region.
IFO prices generally down at major ports Demand largely average at key Asian ports, traders say.
Vessel tow kite manufacturer reels in investor $20.5 million invested in Skysails last year.
'Foaming metal' to cut weight of ships by 30% Lighter vessels will result in lower fuel consumption and CO2 emissions.
WFS shares up on acquisition Monday's closing price 64% higher than WFS's 52-week low.
Vessel involved in illegal bunkering 'chartered out' Singapore-based firm 'not aware' of any illegal operation onboard the vessel, says source.
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