S&P affirms its top AAA long-term rating for PSA STANDARD & Poor's Ratings Services yesterday affirmed its top 'AAA' long-term rating on PSA Corporation, while pointing out that in the medium term 'management policy' would be the most significant concern.
Sinwa charts new course, acquires Windsor Marine SINGAPORE-listed Sinwa KS Ltd, a leading ship supply company, has launched its acquisition strategy by buying small local player Windsor Marine Pte Ltd.
Line that carries a green message IN a major step towards taking a green message to the market, global shipping and logistics company Wallenius Wilhelmsen has tied up a three-year project with the international conservation organisation, the World Wide Fund for Nature .
MISC orders five LNG carriers from Mitsubishi
Strait Talk
Rate fixing: making the best of a bad situation JUST two weeks ago, this column had an article based on the assumption that although price fixing in the liner shipping industry had become an almost irrelevant issue, the lines would attempt to cling on to this central feature of the conference system that has existed for over 100 years.
S&P affirms its top AAA long-term rating for PSA STANDARD & Poor's Ratings Services yesterday affirmed its top 'AAA' long-term rating on PSA Corporation, while pointing out that in the medium term 'management policy' would be the most significant concern.
Sinwa charts new course, acquires Windsor Marine SINGAPORE-listed Sinwa KS Ltd, a leading ship supply company, has launched its acquisition strategy by buying small local player Windsor Marine Pte Ltd.
Line that carries a green message IN a major step towards taking a green message to the market, global shipping and logistics company Wallenius Wilhelmsen has tied up a three-year project with the international conservation organisation, the World Wide Fund for Nature .
MISC orders five LNG carriers from Mitsubishi
Strait Talk
Rate fixing: making the best of a bad situation JUST two weeks ago, this column had an article based on the assumption that although price fixing in the liner shipping industry had become an almost irrelevant issue, the lines would attempt to cling on to this central feature of the conference system that has existed for over 100 years.
Houston market leaping ahead of neighbour New Orleans Players in both ports agree that a catalogue of factors have seen Houston's bunker market grow as New Orleans endures a slump in business.
DNVPS surveyor defence elicits more criticism Deep suspicion rules between suppliers in Singapore and DNVPS as market responds to latest defence and suggestion that other survey companies are less thorough.
Gibraltar's demand falls off with depreciating market
Korean market closed as Songda strikes Third typhoon in as many weeks halts bunker deliveries in key ports on Korean peninsula.
ULCC arrival tipped to exacerbate tight bunker market ULCC carrying fuel oil up to 180 cst viscosity expected to add to current operational congestion plaguing Singapore's bunker market.
OceanConnect: 'We're not exiting Singapore' International broker confirms move into Dubai later this year, but says it is not pulling out of Singapore.
Norden bid reports lift Frontline shares FRONTLINE'S shares touched a new high in Oslo yesterday buoyed by press reports linking the company to a possible takeover of Danish bulk shipping group Norden and a vote of confidence from a leading investment bank.
MISC signs up to more tankers MALAYSIA International Shipping Corp is ordering five liquefied natural gas carriers from Mitsubishi Heavy Industries, cementing its plans to remain the largest owner and operator in the world of such ships. "I can confirm we have signed up for five [tankers]," MISC spokeswoman Fiona Pereira told Dow Jones Newswires.
Singapore trebles growth to 15 new berths by 2009 PSA Singapore has trebled its expansion plans to 15 new berths by 2009 to meet soaring volumes that have found shipping lines and terminals grappling with unaccustomed capacity constraints, writes Marcus Hand in Singapore.
Kuehne & Nagel splits with Sembcorp over 'cultural differences' SWISS logistics giant Kuehne & Nagel is to end its close co-operation with Singapore's Sembcorp Logistics, blaming the split on "cultural differences", as well as differing views on service quality.
SNCM paralysed by strike THE Corsica services of French ferry operator SNCM have been paralysed by an unlimited strike that was started at the weekend by the company's shore-based staff in Corsica
Lloyd Triestino flags out to UK LLOYD Triestino president Pierluigi Maneschi has revealed the company plans to register six newbuildings currently under construction under the UK flag
Los Angeles congestion eases CONGESTION at Los Angeles/Long Beach has eased slightly, with 62 ships in port this morning
Izar workers await final decision WORKERS at Izar shipyards in Spain have launched a wave of protests against moves by Madrid to separate merchant shipbuilding from military construction
Norden shares up on rumours FRONTLINE chairman John Fredriksen is rumoured to be about to use DS Norden as a platform to launch his move into the dry bulk sector
Silja to lay up Finnjet over winter SILJA Line is to lay up the 27-year-old Finnjet over the winter because forecast demand on the St Petersburg-Tallinn-Rostock service fall short of expectations
CSXWT to withdraw from HK with CT3 sale CSX World Terminals (CSXWT), Kwai Chung CT3's operator, will withdraw from Hong Kong by selling the terminal and other assets, with the first round tender having ended on August 23.
Escort tug compulsory in Göteborg Tankers of 30,000 tons deadweight and more are now required to have escort towage when navigating in the entrance channels ...
Nordic Capital bid for Kongsberg Maritime Swedish investment company Nordic Capital today made a NOK 3.3 billion (EUR 396.9 million) conditional bid for Kongsberg Maritime. An ...
Fosen/Stena roro contract this week A final contract between Stena and Fosen Mek. Verksteder to build two roro vessels is to be announced this week ...
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