Mergers expected to fuel demand for shipping stocks THE market value of tanker companies is poised to soar in the next five years as mergers fuel investor demand for shipping stocks, said Peter Anker, managing partner at Norway's RS Platou Shipbrokers.
Portek Int'l clinches new contracts worth $23.6m PORT equipment engineering company Portek International Ltd has clinched new contracts worth a total of $23.6 million, thanks largely to high oil prices and Mexican ports seeing a steady increase in container throughput as a result of healthy international trade with Asia and the US.
MISC to keep container fleet: report MALAYSIAN International Shipping Corp says it will not sell its container fleet, denying earlier reports that it would, the Star newspaper said, citing president and chief executive Shamsul Azhar Abbas.
Claims surge threatens marine hull insurance outlook SHIPOWNERS are being warned that the marine hull insurance market is at a turning point in its ability to maintain quality support for the maritime world.
Ambitious MISC targets tanker markets MALAYSIA International Ship-ping Corporation is eyeing an entry into the product clean tanker business and longer haul aframax crude trades as it builds up its presence in Europe.
'Blank cheque' Star chases $200m IPO Star Maritime Acquisition, a new Greek-backed 'blank check' company that surfaced last week, is seeking $200m from investors in order to pursue a business combination with an existing operation in shipping or 'related industries'.
Top trumps share woes NASDAQ-listed TOP Tankers is gearing up for a new round of expansion despite having its plans to diversify in the dry bulk sector scuppered last month when it pulled a proposed private placement linked to buying bulkers, writes Nigel Lowry .
EU study delivers blow to conferences AN UNPUBLISHED report compiled for the European Commission concludes that the abolition of the block exemption for liner conferences will not have any significant impact on capacity or market structure, claims Britain's Freight Transport Association, writes Roger Hailey.
Moscow to evaluate state's holdings THE federal transport ministry in Moscow is to tender for an independent appraiser to estimate the value of the government's stakes in Sovcomflot and Novoship
Brazilian tax exemption extension BRAZILIAN box terminals looking to expand have received a boost from the government, which has announced an extension to income tax exemptions
Dubai to host energy exchange DUBAI will host the first energy futures exchange by early 2006, the New York Mercantile Exchange (Nymex) said today
Maersk makes formal P&O offer A.P. Moller-Maersk said it will will make a cash payment of $69 per share, for a total purchase price of $2.8 billion, for P&O Nedlloyd.
Asia-ECSA rates under pressure, with service expansion With new market-entrants and expansion by existing operators, lines on the Asia-East Coast South America trade are facing a sharp rate-drop, with rates having already fallen 15%, according to shippers.
Sino-EU textile negotiations taking place in Shanghai China's minister of commerce Bo Xilai and the EU trade commissioner Peter Mandelson began talks today in Shanghai in an effort to solve the textile trade dispute.
EWATA sets sights on 'crucial' general rate increase
China Shipping studying second Asia-SA string
Cosco Holdings IPO secures strategic investors
Russian Federal Anti-monopoly Commission signals rail-problems
AP Moller offer opens to RPONL shareholders from Monday
SEA-Australia group joins rates ramp-up
Coscon to launch India/Pakistan service
China ASEAN FTA cuts tariffs for more goods
Hanjin to introduce port security charge in US ports
Three hour work stop in EU ports The International Dockworkers Council has called for a three hour work stop in all EU ports on 14 July. The ...
Höegh order four more car carriers Höegh Autoliners ' a Leif Höegh division ' order four more Pure Car Truck Carriers (PCTC) with Tsuneishi Corporation for delivery in ...
US barge builder announces new contract Company will shortly start construction of its largest tank barge.
Light demand keeps suppliers competitive in US Gulf A quiet week has seen prices soften as suppliers keep close eye on crude movements and tropical storm forecasts.
Ferry operator to appeal "severe" pollution sentence Corsica Ferries to appeal against what it calls "a severe interpretation of the law" after the master of one of its vessels was found guilty of pollution offences.
Reports: Marpol regulations prompt cargo dispute in Singapore A fuel oil cargo trade has turned sour after a trader failed to fix a suitable tanker in time for loading dates.
Ship-Service says core business not affected after fraud charges Polish bunker supplier Ship-Service SA issued a statement today regarding the continuation of the company's bunker operations despite the arrest of the company's president for fraud and reports that the major shareholder PKN Orlen SA wishes to sell the company.
ARA market firmer with crude
Cosulich launches first double-hulled barge Fratelli Cosulich's first double-hulled barge has been launched from a Chinese shipyard, expected in Singapore soon.
Bid reopens for Inchon refinery Inchon Oil Refinery continues to be a strong supplier of bunker fuel in Inchon port, traders said, despite the reopening of a bid to sell the company.
Reports: Polish supplier for sale, chief arrested Polish news wires reported last week that the country's largest bunker fuel supplier Ship-Service is up for sale after its chairman was arrested on two charges of fraud.
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