AP Moeller may buy P&O Nedlloyd AP Moeller-Maersk, the world's biggest container-shipping company, may buy Royal P&O Nedlloyd NV, which has a market value of US$2.3 billion, to boost market share before a potential drop in freight rates.
S Korean yards to share US$1b Iran orders SOUTH Korean shipbuilders are about to get contracts worth almost US$1 billion to build oil tankers, an Iranian official said.
Strait Talk
Herald seamless door-to-door transport THE vision NOL Group president and CEO David Lim outlined during his presentation at the Center for Maritime Economics and Logistics at Holland's Erasmus University last week was a familiar one to those who have followed the development of containerisation over the past 33 years or so.
Port Shots
Port Shots CONTAINER shipping company CP Ships said on Monday its quarterly profit rose as higher freight rates offset lower volume due mainly to schedule delays and service restructuring.
AP Moeller may buy P&O Nedlloyd AP Moeller-Maersk, the world's biggest container-shipping company, may buy Royal P&O Nedlloyd NV, which has a market value of US$2.3 billion, to boost market share before a potential drop in freight rates.
S Korean yards to share US$1b Iran orders SOUTH Korean shipbuilders are about to get contracts worth almost US$1 billion to build oil tankers, an Iranian official said.
Strait Talk
Herald seamless door-to-door transport THE vision NOL Group president and CEO David Lim outlined during his presentation at the Center for Maritime Economics and Logistics at Holland's Erasmus University last week was a familiar one to those who have followed the development of containerisation over the past 33 years or so.
Port Shots
Port Shots CONTAINER shipping company CP Ships said on Monday its quarterly profit rose as higher freight rates offset lower volume due mainly to schedule delays and service restructuring.
AP Moeller may buy P&O Nedlloyd AP Moeller-Maersk, the world's biggest container-shipping company, may buy Royal P&O Nedlloyd NV, which has a market value of US$2.3 billion, to boost market share before a potential drop in freight rates.
S Korean yards to share US$1b Iran orders SOUTH Korean shipbuilders are about to get contracts worth almost US$1 billion to build oil tankers, an Iranian official said.
Strait Talk
Herald seamless door-to-door transport THE vision NOL Group president and CEO David Lim outlined during his presentation at the Center for Maritime Economics and Logistics at Holland's Erasmus University last week was a familiar one to those who have followed the development of containerisation over the past 33 years or so.
Port Shots
Port Shots CONTAINER shipping company CP Ships said on Monday its quarterly profit rose as higher freight rates offset lower volume due mainly to schedule delays and service restructuring.
Port congestion concerns in Los Angeles Security measures could increase vessel delays, analyst warns.
Cruise ship demand being felt in Vancouver, Seattle Local supply and demand factors expected to affect bunker prices
GAC boss forecasts continuing growth GAC group chairman forecasts bright future for shipping and transport, citing continuing growth and expansion, including its bunkering businesses.
AP Møller-Maersk and P&O Nedlloyd in merger talks Danish shipping giant AP Møller-Maersk and Dutch heavyweight Royal P&O Nedlloyd have confirmed that discussions are taking place "regarding a possible combination of the companies," which industry sources say would create a shipping line twice the size of its nearest competitor.
Sources: Off-spec bunker fuel creating two-tier market in LA Sources in the LA market have said a supplier is offering "off-spec" fuel at discounted prices.
Sri Lanka player seeks marine gas oil cargo
Risk management helps keeps CP ships income healthy in Q1 Container line announces that the company more than doubled its operating income in the first quarter (Q1) of 2005 despite lower volumes and higher fuel costs.
LA ferry scores first share of Air Quality Mitigation funding A local ferry operator has become the first of 18 proposals selected to receive funding from the Port of Los Angeles' five-year, $20 million Air Quality Mitigation Program (AQMP), and is getting a $1 million clean-air makeover.
US: Shipping boss to appeal pollution sentence Chairman and owner of Sabine Transportation is to appeal against his 33 month jail sentence for his involvement in pollution offence.
Rotterdam product tightness persists
WFS to be added to S&P US Index World Fuel Services Corp. will replace Patina Oil & Gas Corp. on the S&P SmallCap 600 Index.
Gain in oil prices ahead of US driving season Crude prices rose yesterday as traders expressed concerns that supplies may not meet the surge in demand associated with the US driving season, which starts at the end of this month.
High bunker prices put pressure on tanker market Over the next three years, the tanker market will have to face pressures from three directions, one of which is high bunker prices, according to an analyst from Citigroup.
Grounded barge causes spill A barge ran aground on Sunday morning, spilling up to 7.6 cubic metres of diesel fuel into James River.
AP Møller mulls $2.5bn takeover of P&O Nedlloyd AP Møller-Maersk is in takeover talks with P&O Nedlloyd that could cost the Danish giant in excess of $2.5bn. If successful, the deal would create a huge new line double the size of its closest competitor.
Miles to quit board of CP Ships once successor is found RAY Miles is to leave the CP Ships board as soon as a new chief executive is appointed, writes Janet Porter.
Barroso pressed for explanation over state aid to Latsis yard EUROPEAN Commission president Jos' Barroso is under new pressure to appear before the European Parliament to explain his relationship with shipping magnate Spiro Latsis.
Tung tells industry to bank its bucks SHIPPING should bank some of its current good fortune by strengthening its structures and institutions to better prepare for inevitable future market fluctuations, a senior industry figure has said.
T&T's Williams in bribery probe TRINIDAD & Tobago energy minister Eric Williams, the man who oversees 70% of America's LNG imports, is being probed by the Integrity Commission on bribery allegations
NZ livestock threatened NEW Zealand's lucrative agricultural industry is seriously threatened following what is claimed as a deliberate release of the foot and mouth virus on the Hauraki Gulf island of Waiheke
Guangdong to import more coal CHINA'S booming southern province of Guangdong is scrambling to source coal to beat an anticipated power crisis
PONL shares up by 18% SHARES in Royal P&O Nedlloyd rose by almost 18% on the Euronext after confirmation of talks with AP Moller-Maersk
Green Reefers swap red for black GREEN Reefers switched to a 1Q05 profit of NK47M ($7.6M) from a loss of NK1M in the same period a year earlier as freight rates improved and its fleet expanded
Rate strength on the Atlantic: CP THE traditionally moribund trans-Atlantic is finally enjoying rate strength and Latin American returns are on the rise, according to CP Ships
Maersk Sealand, P&O in merger talks A merger of top box carrier and third-ranked P&O Nedlloyd would create a mega-carrier more than twice the size of its nearest rival.
Merger talks boost PONL shares Shares in Anglo/Dutch carrier P&O Nedlloyd (PONL) were up 7.6% today, as the carrier confirmed it is in negotiations with AP Moller-Maersk (APMM) over a 'possible combination of the companies'.
Miles sees further Atlantic rate increase soon Ray Miles, CEO of CP Ships, today forecast another rate increase on the North Atlantic trade to achieve a better balance between supply and demand.
Rich returns: new chairman and strong profits bolsters CP Ships
CN creates freight-forwarding unit
Australia industry relieved at delay to Customs makeover
Service on the Upper Rhine is all mine, says Rhinecontainer
TSK to restructures Asian and ME services
Heung-A and STX to launch joint China/SE Asia loop
MEP to raise Oral Question on China
Greater access for freight carriers under new Victorian access rules
HK truckers demand better storm safety at Kwai Chung
Island Offshore order two AHTSs at Aker Yards Island Offshore has ordered two type UT 787 AHTS vessels at Aker Yards worth around NOK 800 million for delivery ...
Green Reefers continues upgrading Bergen based Green Reefers has bought the 194,000 cbft reefer "Frio Pusan", built 1999 from Laskaridis of Greece for USD ...
Jo Tankers replaces European officers Jo Tankers is about to replace most of its European officers with Filipinos and 94 Dutch and 9 Norwegian officers ...
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