Keppel makes inroads into Mexican market KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
Keppel makes inroads into Mexican market KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
Keppel makes inroads into Mexican market KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports
Strait Talk
Classification societies seek liability limits A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.
Port Shots
Icebreaker being built catches fire in Russia AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.
UAE-backed Singapore terminal to go-ahead despite CAO withdrawal Troubled China Aviation Oil's pullout won't affect design work on the UAE-backed Singapore terminal project, which is expected to start operations in mid-2006.
Oil prices plunge on solid US inventory gains Oil prices dive as market takes stock of US oil inventory figures, while keeping watchful eye on next move from OPEC.
Singapore: Petrobras boosts storage capacity by 50% Petrobras boosts Singapore storage capacity by 50% to accommodate increasing demand in the niche markets it has established itself in.
DOE/API: US oil stock growth across the board
Refinery shutdowns could affect Piraeus avails by week-end
Petrobras: Paranagua service resumed Bunker operations at Paranagua have resumed after last month's explosion although deliveries are still subject to barge avails.
South Korean demand drops as prices move downwards
Hanseatic Bunker Services welcomes new trader
Sparse cargo and bunker demand exacerbate Singapore price falls Muted demand for both cargoes and bunkers saw the Singapore cargo market plunge $10/11 today, yet buyers remain sidelined in both markets.
Rotterdam fuel oil softer, congestion still heavy
Malaysia: New projects will bring self-reliance and competition Plans for storage and blending facilities in Malaysia's PTP and Port Klang will make the country self reliant for fuel oil and bunker supply and allow for more competitive pricing.
CP Ships shaken as Halliwell resigns after just six months FRANK Halliwell resigned as chief executive of CP Ships yesterday, just six months after stepping into the top job.
Buoyant market points to possible orders for biggest ore carriers yet ORDERS for a number of the biggest ore carriers yet built could be triggered by today's buoyant market conditions which are nudging steel mills to look increasingly for long-term deals on larger cargoes.
German WestLB bank sells 31% stake in TUI GERMAN public-law bank WestLB has sold its 31.3% stake in German tourism and shipping group TUI, ending months of speculation that a shipping company might want to buy the shares in order to gain control over Hapag-Lloyd.
Setting the goalposts for new standards DELIBERATIONS over the new methodology proposed to develop regulations at the International Maritime Organization got off to a cautious start yesterday, as administrations edged towards formulating the terms of reference for 'goal-based standards'.
CP chief exec Halliwell walks out CP SHIPS chief executive Frank Halliwell has resigned, with immediate effect, due to 'differences with the board on the future direction of the company'
Japanese majors join forces for LNG JAPAN'S NYK, MOL and K Line together with Mitsui & Co have jointly placed an order for a 145,000 m' LNG vessel
Eukor obtains $680M facility EUKOR Car Carriers has concluded a $680M refinancing deal with Korea Development Bank that would help clear initial acquisition debt of $1.05Bn
Nigerian port workers jobs at risk TEN thousand Nigerian National Ports Authority workers stand to lose their jobs as a result of the port privatisation programme, according to the transport minister
Hutchison plans Mexican box port NEW reports have surfaced that Hutchison Port Holdings could build a port to compete with Los Angeles/Long Beach on the Pacific coast of Mexico
Milford Haven LNG progresses A £250M ($480M) LNG import terminal at Milford Haven in the UK is moving forward following the signing of shareholder and related agreements
'Difference of opinion' on strategy prompts CP Ships CEO resignation CP Ships CEO Frank Halliwell has announced his resignation, effective immediately, citing a 'difference of opinion' with the board over the company's future strategy.
CMA CGM keen to crack Brazil nut This week's visit to Brazil by CMA CGM executive VP Rodolphe Saade is part of the carrier's interest in terminal and new-vessel investments, according to CMA CGM do Brasil sources.
Charter-market liquidity receding to turn of 2005/6
K Line to boost PNW service nearly 50%
Poland's BCT signs credit facility for phase one expansion
Homeland Security head resigns
CWC plans dedicated-use port in Mumbai, alongside inland expansion
TVS hives off logistics division to gain global presence
London offers more guidance to Thames users
Ukraine's portland integrated despite national disunity threat, say ports
CEC buys modern Hungarian tonnage Clipper Elite Carrier has bought two second-hand vessel from Hungary and now has been added to the fleet of ...
41,000 tons less of NOx emissions thanks to fairway dues The environmentally differentiated fairway dues in Sweden has lead to a significant reduction of nitric oxides, NOx, emissions. "According to ...
Unidentified oil spill off the Estonian coast Seabirds affected by oil was found on Tuesday off the Estonian northweast coast near Dirhami. According to BNS news agency ...
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