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Canberra passes national maritime regulator law

Regulation of Australia’s seas will come under a single body - the Australian Maritime Safety Authority - on January 1, 2013.

Cosco International revenues fall by 6.6%

Cosco International, the shipping services arm of state giant China Ocean Shipping, recorded a 6.6% year-on-year fall in profit to HK$258.4m($33.3m) in the first half of this year, weighed down by a significant drop in revenues amid industry woes.

Rena turns into scrap

About 2750 tonnes of scrap metal has been recycled from the Rena since it ran aground last October, environmental clean-up specialists Braemar Howells say.

Mount Gibson Iron shipments remain steady

Junior West Australian miner, Mount Gibson Iron has maintained steady iron ore shipments of 5.2mtpa despite shipments from its Tallering Peak hematite operation dropping 44%.

Sanko settles bunker row with World Fuel Services

Sanko Steamship has reached a settlement over unpaid bunker bills with US-based, World Fuel Services (WFS), which briefly arrested one of the Japanese operator’s chartered-in vessels in July.

CSD ‘not optimistic’ about giant Chinese VLCC pool

China Shipping Development, one of the largest tanker operators in China, has taken a dim view of the idea of forming a very large crude carrier pool with other state-owned Chinese carriers.