Cosco (S)'s focus fast shifting to shipyards COSCO Corp will see its shipping business contribute less than 10 per cent of turnover by next year as its 51 per cent stake in the Cosco Shipyard Group rapidly transforms the company's focus from shipping to shipyards.
Asian, Chinese buying stokes freight prices STRONG demand for minerals in Asia and signs of fresh confidence in China's buying power signal more gains by a resurgent freight market, analysts said on Tuesday.
Reefer rates seen peaking this year, sliding in next 3 A NEW study by UK-based Ocean Shipping Consultants has both good and bad news for dedicated reefer operators and container carriers.
Petroplus buy-out sealed 'by mid-March' Frisol and North Sea Petroleum owner Petroplus' US-backed half-billion-euro fund-backed management buy-out expected to be sealed by mid-March.
IFO price falls fail to spur South Korean demand Buying interest reportedly muted despite improved avails and upcoming holiday.
US defense contracts extended Contracts in Bahrain and India extended for IFO and MDO supplies.
Bominflot expands global services with Ecuador alliance Supply agreement with Ecuadorian company gives Bominflot its first foothold in the west coast of the Americas.
Oil slips on expectations of US inventory build Oil price roller-coaster continues as expectations of bearish US oil data overshadow bullish OPEC comments.
US 'spies in sky' plan for airliners to track ships THE US plans to harness commercial aircraft on the Pacific Great Circle Route to generate identification data about ships sailing within 2,000 nautical miles of its shores, a senior US Coast Guard official has said.
HMM closes in on historic order for 9,000 teu containership octet HYUNDAI Merchant Marine is close to finalising what would be its largest en bloc ship order of all time.
Peel Ports front runner in bid for Mersey Docks PEEL Ports is the hot favourite to take over Mersey Docks and Harbour Co after topping a rival overture for the Liverpool company.
Twist to Philadelphia story as Røkke launches OceanBlue Norwegian tycoon Kjell Inge Røkke, having failed to sell the third and fourth Jones Act containerships under construction at his Kvaerner Philadelphia Shipyard in the US market, has launched a company that proposes to buy them.
Search underway for missing crew JAPAN'S Coast Guard is conducting a search for six Ukrainian seafarers missing from a Malta-registered Handysize bulk carrier that sank off the Japanese island of Chichijima today
HMM, Hanjin turn to mega ships KOREAN shipping majors, Hyundai Merchant Marine and Hanjin Shipping are planning to acquire larger container ships in view of the surge in box volumes
Taiwan lines cash in on boom SABRE-rattling between China and its island neighbour failed to dent annual profits of Taiwan's big three lines as they cashed in on booming mainland exports
Canadian shipping fights oil rules SHIPPING industry groups are hoping for changes to be recommended to Canadian environmental legislation by the countries Senate
Venezuela may sell US refineries THE Venezuelan government is considering the sale of its US-based refineries, a further sign of weakening oil ties between the two countries
Ireland-France ferry relaunched THE first sailing of the new Rosslare, Ireland to Cherbourg, France ferry link, which replaces the service previously operated by P&O Ferries, took place yesterday
C-TPAT to require 'smart boxes' Customs chief Bonner said the agency will offer nearly inspection-free clearance for shippers who use "smart" containers.
Chertoff tells hearing: Don't neglect port security
Dalian logistics park aims high Dalian is realising its ambitions developing into a major transhipment and logistics hub in north east China with the phased opening of the Dalian Logistics Park.
Short change: owners offer holiday charters
Docker deaths raise LA safety concerns
Keeping up with the Jones's, new carrier set to shake up Hawaii trade
Hanjin Shipping profits up and debt down
Strong Chinese economy will sustain box shipping growth
Maersk to launch Asia/Central America service
Busan New Port capacity to go up to 5.5m TEU by 2009
NZ unions fear container versatility
Tacoma to get radiation detection equipment
Hanjin and HMM mull ultra large boxship orders
Korea records highest January trade surplus in history
Ro-ro blockaded in Halmstad SolNiver Lines' ro-ro vessel "Vikingland" is blockaded in Halmstad, Sweden. According to ITF inspector Sven Save the collective agreement ...
Nordea expects EUR 150 mill. profit on shipping Nordea and DnB NOR have consolidated their position among the leading shipping banks and now control around 40 per cent ...
4,000 wants jobs in Color Line A little over 4,000 people has applied for 200 available jobs onboard Color Line's "Prinsesse Ragnhild", which begins sailings from ...
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