June 13, 2008

London: Influential industry bodies including Intercargo and Intertanko have endorsed the Korean Register of Shipping’s initiative to raise quality standards throughout the industry at the ... [full story]

Athens: The Pireaus Port Authority (PPA) has named Cosco Pacific the temporary preferred bidder in the tender for the operation of two container terminals ... [full story]

Shanghai: China Shipping Development has announced plans to invest $359m to set up a new shipping joint-venture, Hong Kong Hai Bao Shipping, in partnership with Baosteel Resources ... [full story]

Seoul: STX Shipbuilding warned Aker Yards yesterday that it could close the Norwegian shipmaker's Finnish yards unless they secured more orders, writes Reuters. ... [full story]

Oslo: IMAREX (the International Maritime Exchange), the Oslo-based exchange for trading of maritime-related derivative contracts, will today launch an electronically traded and cleared futures contract ... [full story]