Dubai Ports looks to Asia to tap growing economies DUBAI, the world's sixth-largest container port handler, said it is interested in running more terminals in China and India to tap growing economies and challenge rivals, including Singapore's PSA International.
China sees 50% rise in volumes in five years THE volume of cargo passing through China's ports every year is expected to rise by more than 50 per cent in the next five years, a report said yesterday.
Seamen block Irish ferry over cheap hiring policy ANGRY seamen at the north-western French port of Cherbourg stopped passengers disembarking from an Irish ferry on Monday to protest against the company's decision to take on cheap labour from eastern Europe and the Philippines.
New service from Korean container companies
Strait Talk
An ironic twist to speculation on P&O THE UK press was busy speculating on the future of P&O last week, following reports that Singapore's Temasek may have bought a small number of shares.
Dubai Ports looks to Asia to tap growing economies DUBAI, the world's sixth-largest container port handler, said it is interested in running more terminals in China and India to tap growing economies and challenge rivals, including Singapore's PSA International.
China sees 50% rise in volumes in five years THE volume of cargo passing through China's ports every year is expected to rise by more than 50 per cent in the next five years, a report said yesterday.
Seamen block Irish ferry over cheap hiring policy ANGRY seamen at the north-western French port of Cherbourg stopped passengers disembarking from an Irish ferry on Monday to protest against the company's decision to take on cheap labour from eastern Europe and the Philippines.
New service from Korean container companies
Strait Talk
An ironic twist to speculation on P&O THE UK press was busy speculating on the future of P&O last week, following reports that Singapore's Temasek may have bought a small number of shares.
Bunker prices blamed for container rate rise Higher bunker prices are behind a 13% increase in India-Europe container rates.
Inferno in bunker tanks engulfs freighter 25 firefighters battle fire onboard Indonesian-bound freighter as bunker fuel burns.
Changes to pricing information for Tampa and Halifax
Top owner urges more dialogue, less knee-jerk reactions The shipping industry is not well served by emotional knee-jerk criticism of politicians when tighter regulations loom, and should instead seek more dialogue to preserve its image and long-term interests. The bunker industry shares with shipowners the view that new regulations often demonstrate a lack of understanding of the practicalities of their business.
Man B&W targets improved fuel consumption, lower emissions In an update program which has attracted significant interest from buyers already, engine manufacturer Man B&W is targeting improved fuel consumption, power and emissions performance.
Cargo and bunkers tumble in Singapore despite crude gains An influx of fuel oil cargoes in the Singapore market has seen cargo and bunker prices fall today despite last night's crude gains, although the bunker premium has widened.
Rotterdam barge market offers/bids far apart this morning
World oil stocks rising too fast, Qatar warns Qatar's oil minister yesterday warned that world oil stocks were rising too fast and urged OPEC to keep an eye on the situation.
Daewoo wins order to build three VLCCs Daewoo Shipbuilding & Marine Engineering has secured a $384 million order from state-run National Iranian Tanker Company to build three VLCCs.
Horizon Singapore Terminals selects HSBC for project finance Horizon Singapore Terminals has selected HSBC Holdings to arrange a $240 million loan for an oil terminal project with bunkering facilities on Jurong Island.
TOP abandons placement as Wall Street climate worsens NASDAQ-listed TOP Tankers has accepted defeat in trying to push through a $300m private placement in New York in order to fund a spectacular diversification into the dry bulk side of shipping.
Dry bulk's bull run could be heading for a bear market DRY bulk shipping's spectacularly profitable three-year bull run could be nearly over, according to a leading freight futures broker, with the market teetering on the brink of a long-term downward bear market.
Shipbrokers warned on financial regulation LONDON shipbrokers are likely to face formal regulation from the financial services authorities in coming years as government steadily tightens up on money-laundering legislation, writes Julian Bray .
Qatar unveils $20bn expansion warchest QATAR Gas Transport Co plans to spend a massive $20bn acquiring a fleet of more than 100 gas and bulk carriers and constructing a shipyard at Ras Laffan industrial city.
CMA CGM eyes acquisition targets CMA CGM is on the acquisition trail and may buy a smaller company 'before the end of next year', chairman Jacques Saad' said yesterday.
Schiffsbank sustains top margins GERMAN ship financier Deutsche Schiffsbank has claimed a top spot in the profitability league after posting an improved set of figures for 2004
Grindrod buys commodity trader GRINDROD, the South African shipping to logistics group, has acquired US agricultural commodity company Seaboard Corp
India clamps down on detentions INDIA'S director general of shipping has warned of strict measures against local companies whose ships are detained overseas
Frederik 'must go back to Denmark' DANISH foreign minister Per Stig Möller has called for the ro-ro Frederik to return to his country for cleaning before scrapping
EU presses for new WTO trade round THE European Union is pressing for a new WTO trade round, said Peter Carl, director-general of trade directorate of the European Commission, today
Bangladesh owners invest in tonnage SHIP owners in Bangladesh are starting to invest more heavily in tonnage and taking a greater share of domestic cargo carried
ILWU sets new West Coast targets Union formulating plans to organize the thousands of workers at many import distribution centers located near West Coast container ports.
EC decries quotas, while HK says transhipment may limit export-quota effect European Trade Commissioner Peter Mandelson has ruled out a return to quota-based trade, and said the EC would examine various measures' value, while Hong Kong is also questioning export-quotas' effectiveness.
RTT restructures as it awaits fierce competition from Nansha Hong Kong's River Trade Terminal (RTT) says it is back on the right track by focusing on river trade, bringing bigger barges from western Pearl River Delta into Kwai Chung.
Antwerp hails 'Iron Rhine' reactivation with 'cautious optimism'
PSA International to build, operate, manage Tianjin terminal
Dhaka ICD to move Chittagong boxes onto river-transport
Inchon inches up but Gwangyang transhipment caves in
Eurasia 'land-bridge' to keep its sea-legs for near future
Hanjin to issue US$300m bond
Hassing to develop Samskip shortsea and international activities
Viking Line expects significantly lower profit Earlier this year, the board of Viking Line flagged for a lower profit this accounting year compared to 2003/2004 ...
Kystlink deploys "Pride of Telemark" Norwegian Kystlink begins sailing with the "Pride of Telemark" ' the former "Stena Jutlandica", built in 1983 ' from Langesund to Hirtshals ...
Danish flag and Italian captains on Torm Tankers Dampskibsselskabet Torm writes history in Denmark as they in the coming month will operate Danish-flagged tankers with Italian captains ...
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