Asian shipowners voice concern over piracy THE biggest group of Asian shipowners has said that it's concerned that incidents of piracy and armed robbery against ships in the Malacca Strait have returned to 'previous levels'.
Indon navy to guard oil, gas projects in Malacca Strait INDONESIA's navy will guard offshore crude oil and natural gas projects in the country's waters and the Malacca Strait from possible terrorist attacks and help ensure ships do not damage underwater pipelines.
NOL expected to post ninth quarterly profit gain NEPTUNE Orient Lines , which operates Asia's second-largest container line, may report its ninth quarterly profit gain, as Asia's exports kept its containers full and allowed it to charge more for cargo space.
INDONESIA, US IN ANTI-TERROR DRILLS
AP Moeller may buy P&O Nedlloyd
S Korean yards to share US$1b Iran orders
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.
Asian shipowners voice concern over piracy THE biggest group of Asian shipowners has said that it's concerned that incidents of piracy and armed robbery against ships in the Malacca Strait have returned to 'previous levels'.
Indon navy to guard oil, gas projects in Malacca Strait INDONESIA's navy will guard offshore crude oil and natural gas projects in the country's waters and the Malacca Strait from possible terrorist attacks and help ensure ships do not damage underwater pipelines.
NOL expected to post ninth quarterly profit gain NEPTUNE Orient Lines , which operates Asia's second-largest container line, may report its ninth quarterly profit gain, as Asia's exports kept its containers full and allowed it to charge more for cargo space.
INDONESIA, US IN ANTI-TERROR DRILLS
AP Moeller may buy P&O Nedlloyd
S Korean yards to share US$1b Iran orders
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.
Asian shipowners voice concern over piracy THE biggest group of Asian shipowners has said that it's concerned that incidents of piracy and armed robbery against ships in the Malacca Strait have returned to 'previous levels'.
Indon navy to guard oil, gas projects in Malacca Strait INDONESIA's navy will guard offshore crude oil and natural gas projects in the country's waters and the Malacca Strait from possible terrorist attacks and help ensure ships do not damage underwater pipelines.
NOL expected to post ninth quarterly profit gain NEPTUNE Orient Lines , which operates Asia's second-largest container line, may report its ninth quarterly profit gain, as Asia's exports kept its containers full and allowed it to charge more for cargo space.
INDONESIA, US IN ANTI-TERROR DRILLS
AP Moeller may buy P&O Nedlloyd
S Korean yards to share US$1b Iran orders
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.
Air pollution in Puget Sound result of shipping Bunker fuel contributing to air pollution and international controls are not enough, reports claim
IEA says world oil demand growth is slowing Oil prices fell today on the double whammy of reports of slowing global crude oil demand growth and continued inventory gains in the US, the world's biggest oil consumer.
DOE & API: US oil inventories continue to rise US stocks of crude rose for the 12th time in 13 weeks and are above the upper end of the average range for this time of year, the government agency said.
Columbia River: No spill reported from grounded freighter
P&O Nedlloyd announces profit as parties agree takeover price Both AP Moller-Maersk and P&O Nedlloyd have reached a conditional agreement on the price of Maersk's proposed takeover of the Dutch containership owner on the day it reported a surge in profits.
DNVPS confirms reports of off-spec fuels in Los Angeles Fuel testing company DNV Petroleum Services (DNVPS) confirmed to Bunkerworld today that the company had received several samples for testing in the port of Los Angeles which tested off-spec.
New regional manager for Lintec
Singapore: Clearing house may jazz up oil trading Singapore's over-the-counter oil trading market has the potential to expand if a clearing house or an energy futures exchange is set up, oil traders said.
Dubai Drydocks starts $40m project to build bunker tankers Against the backdrop of Fujairah's strong bunker market, Dubai Drydocks launched a $40 million shipbuilding project to build four bunker tankers for local shipping company.
OPEC output hits 30 million bpd in May OPEC total oil output, including Iraq's 1.7 million bpd, has reached 30.3 million barrels per day (bpd) in May.
South Korean yards to get $1bn orders to build tankers Iranian tanker company will award contracts worth almost $1 billion to South Korean yards to build oil tankers.
Maersk mega merger marks the start of liner shake-out AP Møller-Maersk brought several days of fevered speculation to a dramatic end yesterday with the announcement that it planned to make a cash offer worth '2.3bn ($2.9bn) for P&O Nedlloyd.
Fredriksen's P&O Nedlloyd gain could have been bigger JOHN Fredriksen has welcomed AP Møller-Maersk's €2.3bn ($3bn) bid for P&O Nedlloyd, a deal which will bring the Norwegian tanker magnate a handsome profit.
Staff 'devastated' despite assurance that job losses will be minimal STAFF of P&O Nedlloyd in London, Rotterdam and around the world were "devastated" by news of the proposed takeover, chief executive Philip Green admitted yesterday, writes Janet Porter.
Merger could face scrutiny warn lawyers ALTHOUGH a combined market share of around 17% should pose no antitrust problems in the US for the proposed AP Møller-P&O Nedlloyd combination, legal experts stateside are warning against being too sanguine so early in the process.
PONL to discuss bid in July AP Møller-Mærsk's €2.3Bn ($3Bn) offer for Royal P&O Nedlloyd (PONL) is expected to be discussed at an extraordinary general meeting by PONL in July
Opening up Options INTERNATIONAL Maritime Exchange in Oslo, Norway, will launch an 'exchange traded cleared freight options contracts' on VLCC route TD3 (Middle East to Gulf of Japan)
Norway prepares to head south SMITWIJS, the towage and salvage division of Smit, has been contracted to tow the 76,049gt cruise ship Norway from Bremerhaven in Germany
Boxes boost BLG pre-tax result BLG, the German ports and logistics group, raised pre-tax profit by 85% to €29.4M last year buoyed by strong contributions from its 50% stake in port operator Eurogate
French court imposes record fine A French court has imposed a record fine against a Maltese-registered general cargo vessel for polluting Atlantic waters last October
PONL bid to spark fresh interest ANALYSTS believe AP Møller-Mærsk's bid for Royal P&O Nedlloyd will flush out new bidders, among which could be Neptune Orient Lines and China Shipping
P&O Nedlloyd OKs Maersk Sealand bid The Anglo-Dutch container line on Wednesday urged shareholders to accept $3 billion takeover offer by its larger Danish rival.
P&O Nedlloyd profits triple
Trade gap hits 6-month low
UPS affirms profit forecast
JoC to offer C-TPAT Teleconference
Pacer earnings grow
PierPASS tabs CFO
Boisen, Moore to speak at Trans-Pacific Air Cargo Conference
Brand demise will see PONL leave Grand Alliance The AP Moller-Maersk (APMM) Group plans to merge the P&O Nedlloyd (PONL) brand within Maersk Sealand after any acquisition, meaning that PONL would be forced to leave the Grand Alliance.
Relatively flat finish to USWC contract-talks, despite all-water gains Ocean carriers have had a tough time pushing through general rate increases for the 2005/2006 transpacific contract season for the second year running, particularly to the USWC, say market sources.
Quiet market gives charter-brokers time to think over APMM/PONL deal
AP Moller's past antitrust indiscretions could delay EC's RPONL acquisition approval
RMB revaluation could stem the flow of China's exports
Shenzhen growth leaves no room for reduction in charges
New system promises greater Australian intermodal capacity
MOL to launch China/India service
TS Lines to enhance Japan/Taiwan/South China service
K+N Austria reroutes captive rail-traffic from German ports to Rotterdam
Adelaide joins Customs' X-ray front line
RPONL accepts AP Moller's €2.3bn offer
New services raise Gwangyang's throughput
London canals to get '1.6m to improve freight transport
Workers killed on Norwegian frigate Four yard workers were killed early this morning onboard the Norwegian frigate "Roald Amundsen", currently under construction at the El ...
Mærsk launches offer for Royal P&O Nedlloyd A. P. Møller-Mærsk and Royal P&O Nedlloyd today announced that the Danish container giant intends to launch a ...
2004 a golden year for the Stena sphere The Stena Sphere ' Stena AB, Stena Sessan AB, Stena Metall AB and Concordia Maritime in which Stena owns 52 per ...
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