Australia's Toll group in A$4.9b bid for Patrick AUSTRALIA's largest land transport group, Toll Holdings Ltd, made a hostile A$4.9 billion bid for port operator Patrick Corp to boost its rail, road transport and air freight businesses.
Call for urgent review of Malacca Strait risk assessment AN 'urgent and thorough' review of the risk assessment of the Malacca Strait by London marine underwriters is needed, said the Federation of Asean Shipowners' Associations following the underwriters' refusal to back down on the issue last week.
Tui trumps rival bids for CP Ships but CMA CGM may yet up ante GERMAN container line Hapag-Lloyd has pulled off a stunning coup after topping rival bids for CP Ships with an offer that values the UK-headquartered company at $2.3bn.
Toll confirms hostile bid for Patrick - then gets rejected AUSTRALIAN logistics group Toll Holdings has confirmed a A$4.6bn (US$3.5bn) hostile cash and scrip offer for Patrick Corp, just days after calling initial reports of the bid "old news", write Rob McKay and Lloyd's List DCN.
NYK-Lauritzen reefer merger approved JAPAN'S NYK and Denmark's J Lauritzen have received the go-ahead to merge their refrigerated cargo activities, writes Janet Porter.
New talk shop marks closer co-operation between Lloyd's and the company market CLOSER ties in London between Lloyd's and the company market ' once renowned for their mutual indifference ' deepened yesterday with the creation of a joint marine claims talk shop.
Hapag parent wins CP Ships TUI AG, the parent of German container line Hapag-Lloyd, has agreed a Euro1.7Bn ($2Bn) takeover deal with CP Ships
Shell out of Venezuela gas VENEZUELA has confirmed that Royal Dutch Shell will not be a partner in its $2.7Bn Mariscal Sucre natural gas project, ending years of negotiations
Ecuador truce declared ECUADOR'S oil production rebounded yesterday after an end to protests that had severely disrupted exports last week
Lakes ferry 'curse' continues THE Great Lakes fast ferry Spirit of Ontario has experienced yet another mishap, crashing into the Toronto terminal in Canada while under the control of a master trainee
New bill to hit Indian breakers SHIPBREAKERS in India are protesting against the newly proposed Admiralty Bill 2005 which amends admiralty jurisdiction of courts and ship arrest, detention and sale rules
Hamburg applauds Hapag deal HAMBURG state government has welcomed the planned takeover of CP Ships by Hapag Lloyd's parent TUI
Hapag-Lloyd parent to buy CP Ships TUI, Germany's largest tourism company, agrees to $2.1 billion cash deal that will create world's fifth-largest container carrier.
Offer to CP Ships likely trumps other bidders, says Canadian bank National Bank Financial (NBF) today said the US$2.3bn offer from Germany's TUI AG for CP Ships likely trumps any other bidders who have been lurking in the weeds.
Toll in hostile bid for Patrick Australia's leading broad-spectrum transport group, Toll Holdings, has launched a A$4.6bn (US3.45bn) takeover bid for the nation's number two, Patrick Corporation.
HK Port efficiency beats China cost gap, says shipper
HK shippers say documentation charge hike unreasonable
TUI swoop for CP Ships
APL sees revenue/FEU hit 13-year peak
Russian Railways confirm $1.22bn rouble-only bond issue
New European container gigant formed German TUI has launched an offer worth USD 2.3 billion for Canadian CP Ships. The deal includes assumption of net ...
The EU Commission gives green light to reefer merger The EU Commission has approved the merger of Lauritzen Cool's and NYK Reefers' reefer activities. The new company, owned on ...
Fjord Line suffers from competition Bergen-based passenger ferry operator Fjord Line is increasingly exposed to competition from Color Line to Denmark and generally from ...
Panama prices close gap on Houston Prices in Panama softened today with suppliers shrugging off reports of tight avails on the Caribbean coast.
US markets firm to record levels Bunker markets quiet in the US, but tight avails see New York prices at record levels.
DMCC: Newly appointed Energy Director forging industry links Newly appointed energy director to develop regional market and product development for the energy sector, including a fuel oil futures contract on the Dubai Gold & Commodities Exchange.
Ventspils: Bunkering resumes after extended barge absence Normal supply capacity resumes but annual sales volume could suffer.
Few fixtures despite open arb, record high Asian prices Despite benchmark fuel oil prices in Asia reaching record highs and the opening of the arbitrage window from Europe, Asia-bound fixtures remain few and far between.
Shipping lines introduce US to Asia fuel surcharges Surcharges only partially successful in defraying extra fuel costs.
Rotterdam firm this afternoon
Japan: Poor demand hits bunker market Poor bunker demand has hit the Japanese market and several bunker traders report zero enquiries.
Lanka IOC explores bunkering services off Trincomalee Lanka IOC confident Trincomalee can be developed into a regional bunkering hub.
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