Volga Sumo bids to build two crude shuttle tankers CASPIAN Sea oil and shipping pioneer Volga Sumo Transporting and Trading is in high level discussions with oil majors Shell and Mobil to build at least two tankers or barges to shuttle crude across the inland sea.
Iran set to air oil pipeline plan NATIONAL Iranian Oil Company is to unveil details of an international tender for a 392-km pipeline linking the Iranian ports of Neka and Tehran in early July, writes Emily Redding.
Conspiracy claims abound as union battles for leverage IT was inevitable the Maritime Union of Australia would dismiss as a stunt the dramatic move by Patrick Stevedores on Friday to counter-sue the union and International Transport Workers' Federation colleagues for conspiracy to destroy the company. But there is more than a whiff here of imitation being the sincerest form of flattery.
Chinese buy 'Diamond Ace' for $32m bargain price AS India's currency weakens against the dollar and Indonesia struggles with civil unrest, the sale and purchase sector has focused its attention firmly on the apparent stability of the yuan.
Pallion aims to build ships on Wearside A UK yard whose closure sounded the death-knell of shipbuilding on Wearside almost 10 years ago is on the brink of re-opening and creating hundreds of jobs.
Cleveland Cascades deal A UK company which has won two Queen's Awards for Industry has landed another major new order for its dockside machinery, writes Barry MacSweeney, North of England Correspondent. Cleveland Cascades, a division of Cleveland Potash, and based at Tees Dock Terminal in Middlesbrough, has installed three of its chutes for Irish Fertiliser Industries of Cobh, Co Cork, in the Irish Republic.
Taking our guidance from the 'Derbyshire' nymph' MOUNTAINOUS green seas crashing with increasing frequency and intensity over the bow of the heavily-laden capesize bulker as her master drove her on in the manner prescribed for typhonic conditions, eventually released the fantastic energies of failure causing "the total carnage" of the Derbyshire.
Kuantan Port sets $214m spending plan KUANTAN Port Consortium, the private port operating company which took over the port facilities at Kuantan Port, on the east coast of Peninsular Malaysia, is committed to investing M$823m (US$214m) over the 30-year concession period it has secured with the government to operate and manage the port.
Melb grain terminal close to go-ahead The go-ahead for the development of the port of Melbourne's bulk commodity import-export facility by Grainco Limited is imminent. The heads of agreement between the Melbourne Port Corporation and Grainco has already been signed and DCN understands that after some six months of on-going negotiations, Grainco's board met last week to give formal approval to the project clearing the final hurdle which will allow contracts for the development to be signed.
Washington tells no lies The third newbuilding in the recently inaugurated Contship-CGM-Marfret round the world service is now en route to Asia and Europe after maiden calls at Australian ports in the past 10 days. Contship Washington is the second of four ships which will carry Contship names and also the second of a class of seven sisterships in the eight-vessel joint service.
More jockeying by MUA, Patrick and P&O Ports Further legal action will take place today as disputes between Patrick P&O Ports and the Maritime Union of Australia twist and turn. The MUA believed it was not in contempt of Supreme Court orders regarding the handling of the Bay Bonanza in Newcastle. P&O Ports took legal action after MUA members refused to cross "community picket lines" in support of Patrick workers who were originally to perform work the vessel.
Holyman flags asset sales Holyman's revelation last week that its attempts to overcome losses associated with its overseas fast ferry operations had suffered another $6 million blow, is apparently the catalyst for the company seeking to sell its trans-Tasman bulk carrier, Alltrans, on a leaseback arrangement. According to Holyman's chief operating officer, James Bryant, the sale/lease-back of Alltrans is one of several asset sales being considered in order to reduce the company's debt and "enhance achievement of growth opportunities."
Mass limits to have little rail effect: Report: An independent report commissioned by the federal government has found that the proposed increases in truck mass limits will have little impact on rail freight demand on Australia's main freight corridors. The report found that the estimated effects on rail freight demand differ substantially by corridor.
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