Electronic charts for all key sea lanes in a year: official ALL the world's major sea lanes and ports will be covered by electronic charts within one year, said the head of the UK Hydrographic Office while launching the inclusion of Singapore's electronic chart set in its industry-leading chart offering.
Hutchison to build its 1st China bulk cargo terminal HUTCHISON Whampoa Ltd, the world's largest port operator, will help build a 2.2 billion yuan terminal in China to handle iron ore, its first bulk cargo facility, to meet the country's rising commodities demand.
Fishermen survive 14 hours in Malacca Strait TWO Indonesian fishermen survived for fourteen hours in the Strait of Malacca by clinging to pieces of their boat after it collided with a container ship, reports said yesterday.
Macquarie in the frame as PD Ports confirms bid talk SHARES in PD Ports raced ahead yesterday after the UK terminal operator, which owns Teesport, disclosed it had received a takeover approach.
DrKW upgrades ABP shares to 'buy' status Shares in Associated British Ports have been upgraded from a "hold" to a "buy" by investment bank Dresdner Kleinwort Wasserstein, which believes the group is moving into a period of sharply higher profit growth, writes Tony Gray .
...as bank with the Wight stuff pays a packet to gets its Man MACQUARIE Bank has bought Isle of Man Steam Packet Company, Britain's oldest passenger shipping business, for £225m ($396m).
P&I clubs look high and low on renewals TWO giant mutuals have opened the batting for the 2006 shipowners' P&I season with quite different offerings.
Tui shareholders back CP Ships merger with Hapag-Lloyd TUI's takeover bid for CP Ships has met the necessary acceptances from shareholders with 84m shares, representing 89.1% of the total, offered for sale, the German group said yesterday. The merger of CP Ships with its subsidiary Hapag-Lloyd should now be concluded by the end of this year.
Florida battens down for Wilma NON-residents of the Florida keys are being ordered to leave the area in advance of Hurricane Wilma, and further evacuations are expected as the category 5 storm draws nearer
Stena to reduce Irish Sea trips STENA Line is to cut the number of round trips operated by its fast ferry Stena Express on the Irish Sea southern corridor next year as part of its 'strong focus on cost control'
Strong 3Q for Varun Shipping BETTER freight rates in the LPG sector have boosted third-quarter net profit at Mumbai, India-based Varun Shipping
Migrant Watch: US/Caribbean US COAST Guards are continuing a search for a missing craft carrying up to 67 Dominican migrants, while another CG unit rescued a group of 129 last week
Rosneft lifts veil on oil shipping RUSSIAN state-owned oil producer Rosneft has offered some information about oil export arrangements but, intriguingly, has refused to disclose how much oil it exports by sea
Scandlines' future is clarified GERMANY and Denmark have decided to privatise Scandlines, their jointly-owned Baltic Sea ferry operator, ending months of speculation over the future of the company
Industry indicators point to sharp Q4 decline All indications show that the Pacific market, and therefore global trade, is going off the boil at a much faster rate than had been previously been expected.
CP Ships takeover to be total by end of year TUI AG have announced success in their takeover bid for CP Ships, with over 66.66% of shares tendered, and with plans put in place to take over completely by end-2005.
Charter market seeks demand on high seas and the short-seas
Hurricane Wilma fulfilling Category 5 potential
Korean truckers threaten strike over claim for fuel subsidies
Maersk to expand joint Australia service as PONL vessels come online
Three carriers merge Red Sea services
Shanghai Hai Hua Shipping launches two China/Japan services
SNCF gives up CNC majority, as Naviland Cargo created
PD Ports reveals market approach
Intermodal drives Canadian National Railway to record Q3 profit
Cochin Port staff protest lack of representation on Port Trust board
Pyeongtaek container throughput increases
Meat logistics centre to beef up NW Russian distribution quality
Isle of Man turns over Montagu Private Equity has made a bundle on Isle of Man Steam Packet Co two years after buying it.
Stolt doubles Stolt stake Nasdaq and Oslo-listed Stolt-Nielsen has come back to the trough for an even larger draught of own shares.
LNG ships win Korea protection Oman gas carriers being built at Samsung first to get export credit insurance.
RCCL wins seven thumbs up A poll of cruise analysts is predicting a $342m bottom line for Royal Caribbean Cruise Lines (RCCL) in the third quarter.
Shareholders back TUI deal More than two thirds of CP Ships investors have plumped for Hapag-Lloyd parent's takeover bid, paving way for inevitable 100% ownership.
Carnival hikes dividend again US cruise giant raises payout by 25% after record quarter.
Hutchison bulks up Port operator signs China deal to build first ever dry bulk terminal.
Imabari to keep it in family Toshiyuki Higaki likely to run Japanese yard temporarily, after death of his younger brother Eiji.
IFRS boost for Braemar 2004 profits would have been up nealy 15% if new accounting rules had been applied.
Mercator dampens speculation Indian tanker owner plays down talk that it has lined up a foreign takeover target.
Varun gets bigger Expanding tanker and LPG owner benefits from higher gas rates in first half to 30 September.
Anek sells Aptera Thirty-three year old ferry reported gone to Far East interests for $6.7m.
Samsung keeps sliding Shares in shipbuilder fall for a third consecutive day over TradeWinds' LNG carrier leak scoop.
Scomi aims for Rig Tenders Malaysian group wants to take its holding in Indonesian offshore owner to 100%.
Navigators raises $124m US marine insurer's equity offering goes with out a hitch with investors snapping up 3.8m new shares.
Q-Ship on the up Nine-month profits grow at Qatar Shipping as markets pick up.
Torgelow location unknown Kenyan owner has lost contact with cargoship captured by pirates off Somalia.
Smyril Line/Fjord Line deal ready next week A deal, whereby Faroe Isle operator Smyril Line buys a majority stake in Fjord Line, should be concluded next week ...
Svitzer tugs back from Svalbard Two tugs from SvitzerWijsmuller is on their way back to Scandinavia after the season on Svalbard is over a couple ...
Reefer spot rates improving Spot rates for moderne reefers in September improved to 51.5 cent per cubic feet against an average of 32 cents ...
DOE & API at a glance: Latest US inventory figures US oil inventory and refining statistics show signs of recovery after hurricane damage.
Europe to Asia arbitrage opens on supply imbalance Flurry of Russian fuel oil said to overwhelm Rotterdam, but could benefit bunker-starved Asian market.
MMM's Iraqi bunker venture on hold Iraq's uncertain political situation cited as exclusive bunker supply deal is delayed.
Bids move closer to offers in Rotterdam barge market
Hong Kong: 'Totally no oil,' bunker trader says Trader says he can currently only offer bunkers to customers in 'desperate situation'.
Oil drops as Wilma steers away from refineries Oil prices in New York fell more than a dollar on Tuesday as hurricane Wilma was expected to steer away from US oil rigs and refineries.
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