Shanghai, Shenzhen ports buoyed by export boom SHANGHAI and Shenzhen, China's biggest container ports, handled more cargo in July than a year ago as exports of toys, clothing and other goods increased demand for sea freight.
P&O profit triples on Nedlloyd stake sale PENINSULAR & Oriental Steam Navigation Co, the UK's largest port operator, said first-half profit more than tripled after selling a stake in Royal P&O Nedlloyd NV.
China Shipping's first half profit soars 81% SHARES of China Shipping Development Co rose as much as 2.4 per cent after the nation's largest oil carrier posted an 81 per cent surge in first-half profit on more fuel shipments and raised the outlook of its nine-month earnings.
Growing fleet, seasonal factors drag on oil freight
Fate of UN ship and crew still unknown
Admiralty Casebook
Australia wants disabled ships to alert authorities promptly THE Australian Transport Safety Bureau has called on ship owners and operators to include procedures in their vessel safety management systems that direct masters to promptly notify local rescue coordination centres if their ships become disabled.
Shanghai, Shenzhen ports buoyed by export boom SHANGHAI and Shenzhen, China's biggest container ports, handled more cargo in July than a year ago as exports of toys, clothing and other goods increased demand for sea freight.
P&O profit triples on Nedlloyd stake sale PENINSULAR & Oriental Steam Navigation Co, the UK's largest port operator, said first-half profit more than tripled after selling a stake in Royal P&O Nedlloyd NV.
China Shipping's first half profit soars 81% SHARES of China Shipping Development Co rose as much as 2.4 per cent after the nation's largest oil carrier posted an 81 per cent surge in first-half profit on more fuel shipments and raised the outlook of its nine-month earnings.
Growing fleet, seasonal factors drag on oil freight
Fate of UN ship and crew still unknown
Admiralty Casebook
Australia wants disabled ships to alert authorities promptly THE Australian Transport Safety Bureau has called on ship owners and operators to include procedures in their vessel safety management systems that direct masters to promptly notify local rescue coordination centres if their ships become disabled.
'Bin Laden effect' prompted Malacca war risk rating DETAILS of the reasoning behind the contentious assessment of the Malacca Strait as a war risk area can be revealed by Lloyd's List ahead of Tuesday's meeting between marine underwriters and shipowners.
Maersk seals P&O Nedlloyd takeover A LANDMARK in the history of container shipping was set yesterday when AP M'ller-Maersk completed the €2.3bn ($2.86bn) acquisition of Royal P&O Nedlloyd, giving the enlarged business an unrivalled position in the industry, writes Tony Gray .
CP Ships income surges to £33m CP SHIPS, whose revelations of accounting blunders and profit restatements established it as a takeover target last year, said yesterday that second quarter net income this fiscal year improved 11-fold to $33m.
Owners face bleak winter with rise in liability insurance premium likely SHIPOWNERS locked in a battle to stem tumbling freight rates now face a new blow, writes James Brewer.
Terror suspects arrested in Turkey Turkish police have detained a suspected al-Qa'eda militant from Syria who they believe was organising an attack on Israeli targets in Turkey, Reuters reports.
PONL acquisition complete AP MøLLER-Maersk (APM) will complete the acquisition of Royal P&O Nedlloyd (PONL), the Anglo-Dutch container shipping group, today
Grand Bahama scanning for nukes GRAND Bahama Island is aiming for Container Security Initiative accreditation, and its Hutchinson Ports facility has begun scanning US-bound boxes for radiological agents
Another blast in Port of Spain A BOMB planted in a rubbish bin exploded in Port of Spain, Trinidad yesterday, once again raising security fears on an island with extentive LNG and oil infrastructure
Beirut signs transhipment deal BEIRUT and Mediterranean Shipping Co have signed a deal to enable the Switzerland-based liner company to use the Middle Eastern port as a transhipment hub
US investigates GPS back-up THE US Department of Transportation has reiterated that back-up systems to GPS are needed, and launched a survey of the other systems
Varun aims for LPG peak VARUN Shipping has bought three LPG tankers from AP M'ller for a cumulative $126M; and said they are buying several more which will give them the world's largest LPG fleet
Maersk completes P&O Nedlloyd buy The $2.8 billion deal creates the world's largest container carrier; combined line will operate under Maersk Line brand in 2006.
Hapag-Lloyd volumes increase but YTD volume growth is slowing Container-shipping boosted Hapag-Lloyd shipping to 13.8% turnover-growth in Q2 2005, thanks to 4.8% increased container-volumes and 11% increased freight-rates, but many trades struggled against cost-increases, and year-to-date volume-growth is slowing.
Extra capacity allows NOL volume growth
Confederation of Indian Industry quantifies falling rates from India
Box-operators to be packaged up, suggests report
Atlantic rates boost CP Ships returns
P&O interim results mark 'exceptional'-ly complex H1
RPONL and Sealand to sail off into Blue yonder
Mercosul Line dispute ends with delivery of vessel engine
Ten-ship order sees AP Moller-Maersk beef up sub-panamax tonnage
Maersk takes over and changes brand name Today, August 11, A. P. Møller-Mærsk will take over Royal P&O Nedlloyd by paying EUR 57 per share ...
DnB NOR increases shipping exposure Norway's biggest bank, DnB NOR ' the world's third biggest shipping bank ' has increased its exposure in this sector from 6.1 ...
Lake Vänern pilots could be replaced by traffic control center The Lake Vänern regional trade council proposes that Sweden's largest lake and the Trollhätte Canal becomes a test area to ...
New Orleans narrowing price gap with Houston Prices competitive in New Orleans but still dwarfed by Houston's regional dominance.
US suppliers 'holding on' as bulls run With crude yet again at record levels, US markets start to firm as suppliers try to hold prices steady.
IEA: Dwindling non-OPEC supply raises call on OPEC Falling non-OPEC supply has raised the 'call on OPEC' close to the level seen in various estimates for OPEC's July output.
Russia: Energy ministry blocks fuel oil export duty cut Russia's energy ministry said today that although it was in favour of cutting fuel oil export duty, now is not the right time to make a cut.
Fuel oil, bunkers surge in Singapore Decreasing cargo arrivals and logistical problems add to already bullish crude influence in the Singapore fuel oil and bunker markets.
Gamekeeper or Champion: MPA strikes a balance Singapore's MPA says dual role as both maritime regulator and promoter allows holistic approach.
Total tight-lipped on base oil plant upgrade Rumours regarding a base oil plant upgrade which would see a shift to Group III base oils from current Group I oils typically used for marine lube formulations have been dubbed incorrect by Total.
Another line reports adverse effect from bunkers H1 profits for major container line suffer from high fuel costs in the period.
Crude above $65 on US thirst for gasoline, supply concerns Crude prices hit new records as US gasoline stocks tighten amid heightened worries about oil supply security.
Singapore: Fuel oil stocks fall to 6-week low
Thick haze reduces visibility in the Malacca Strait A thick haze has enveloped the Malacca Strait and caused operations to be stopped at Malaysia's Northport.
Hong Kong: Bunker fuel shortage continues 380 cst supply still tight in Hong Kong, while high prices are muting demand.
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