Shipping lines face competition issues amid consolidation FOLLOWING the acquisition of Royal P&O Nedlloyd by AP Moeller-Maersk, the message to other container shipping lines considering their strategic options is to act now before there is significant further consolidation in the industry.
Hyundai Merchant's Q2 profit up on lower tax HYUNDAI Merchant Marine Co, South Korea's second-largest shipping line, reported a profit in the second quarter because it paid less taxes and lower interest charges.
Chantiers split from Alstom a 'last resort' PROTRACTED speculation over the fate of the Chantiers de l'Atlantique shipyard may be coming to a head, after reports emerged yesterday that French parent Alstom is considering a separate listing for its marine subsidiary.
Britain draws up new two-pronged piracy guidelines BRITAIN will soon issue revised guidelines on piracy as part of a two-pronged approach to the problem.
Lloyd's terror plans in step with threat LLOYD'S is continuing to update its emergency survival plans, as police warned of a new City terror attack.
Index hits 2,000 point milestone SOOTHSAYERS might be casting doom and gloom over the shipping industry with talk of dramatic plunges in the drybulk and container sector, but the 'bull market' for shipping stocks still continues to gather pace.
Russia consolidates defence industry into shipbuilding duo RUSSIA will create two large shipbuilding groups in a consolidation of the mammoth defence industry it inherited from the Soviet Union, a top government official has confirmed.
Alstom 'considers Marine spin-off' FRENCH engineering group Alstom is said to be studying a possible spin off of its ailing Marine Division, according to French newspaper La Tribune
Seabulk take-over wrapped up SEACOR Holdings turned from loss to profit during its second quarter as it finalised its Seabulk acquisition and became a major player in the Jones Act tanker trade
US ports showing little congestion US ports are not suffering delays and congestion as they did last year despite continued increases in container imports, according to a report
Iraqi oil production, sales rising IRAQ has posted a record $2.5Bn monthly income on its crude oil sales in July while its production stood at 1.6M bpd
Ottawa sets up dispute task force A three-member task force has been set up by Ottawa to look at the underlying causes of the truckers' strike in British Columbia and make recommendations
Panama Canal maintenance work LOCK maintenance work will be carried out on Panama Canal on 17-20 August
Task force to probe Vancouver trucker conflict Canada's federal government has announced the creation of a three-member task force to review the issues underlying the recent six-week trucker dispute.
Sentiment overtakes fundamentals in market facing 'spectre' in 2006
Ship grounding interrupts Malaysian port operations
Brazilian customs strike begins to bite
Alameda Corridor records sharp rise in empties
Tallinn and Klaipeda squeeze Riga
Concor levies surcharges to cover JNP congestion
Essential economics leads Shanghai to expect more growth
CP Ships deploys newbuilds on INDAMEX
Carriers protest NZ's mandatory fee rises
Interest and cost reductions lift HMM profits
NYK orders postpanamax trio from Hyundai Heavy Industries
Duty calls: FTA and RHA target diesel duty in industry enquiry
Helicopter crashed off Tallinn ' 14 dead and no survivors Today at 12.45 local time, just five minutes after take off from Tallinn, a helicopter beloning to Copterline crashed two ...
Heavy loss for Silja The half-year result of the ferry operator Silja was strongly negative. The revenue totalled USD 280.7 million and the ...
New open registers Dubai is to set up an open ship register as a part of the ongoing Dubai Maritime City project. Recently ...
DOE & API at a glance: US crude stocks swell Reports show rise in crude stocks amid high imports, but mixed picture for key products.
Lintec advises caution on sulphur limits Variations in testing methods mean all parties involved need to approach bunkers marginally above MARPOL sulphur limits with caution.
EGPC awards 756,000 mt tender for up to 5% fuel oil EGPC has awarded a tender to buy up to 756,000 mt of high sulphur fuel oil for the country's bunker market, although maximum sulphur content specified exceeds MARPOL limits.
NOL profits expected to suffer from escalating fuel bills Analysts predict erosion of Q2 profits as rising costs counter strong transport demand, while Q3 bunker prices show no sign of easing.
Colombo: Appeal court ruling will see bunker prices drop Sri Lanka Shipping Company says appeal court ruling will lead to increased competition and better prices for bunker buyers.
Rotterdam market remains firm this morning
Solid start continues for World Fuel Services Miami-based marine fuel marketer World Fuel Services Corp. (WFS) reveals continued solid results for Q2, 2005.
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