NOL is left standing on the dance floor: analysts A wave of industry consolidation has left Neptune Orient Lines 'standing on the dance floor' without a suitable merger and acquisition partner, according to analysts who say the Singapore line could itself be an acquisition target.
AP Moeller may turn in record H1 earnings AP Moeller-Maersk A/S, the world's largest ship operator, may post record first-half profit on rising shipping rates and crude oil prices.
Frontline Q2 profit falls 25% on lower freight rates FRONTLINE Ltd, the world's biggest oil-tanker company by capacity, said second-quarter profit fell 25 per cent on declining freight rates as the global tanker fleet grew faster than transport demand.
Protest threat forces Brussels to water down ports directive THE European Parliament will attempt to water down a proposed directive on port services following protests from industry, MEPs and trade unionists, a draft report shows.
CP Ships counterbid rumours RUMOURS persist in the German shipping and ship financing markets that CMA CGM will make a counterbid for control of CP Ships.
Odfjell takes $110m hit as antitrust payments mount NORWAY'S parcel tanker price-fixing scandal continues to blot cartel members' books, with Odfjell's total bill for its involvement now exceeding $110m following a swathe of US antitrust settlements.
Cruiseship fire sparks major alert A SMALL fire sparked a major coastguard alert in Greece when it broke out on 52,926 gt Italian cruiseship Costa Classica, pictured above, writes Sandra Speares and Nigel Lowry.
US revises fuel efficiency rules THE Bush Administration has announced significant revisions to US vehicle fuel efficiency standards, a policy of central concern to US oil demand forecasts
India cries foul over oil deal INDIA'S Oil and Natural Gas Corp (ONGC) wants to contest the Petrokazakhstan takeover deal by its rival China National Petroleum Corp (CNPC)
Indonesia 'storms' Croatian log ship INDONESIAN authorities are still detaining a Croatian general cargo vessel and 25 crew members, as diplomats struggle to secure their release
Genco expansion begins NEWLY-public bulk operator Genco Shipping & Trading is swiftly making good on its expansion plans, announcing the purchase of a Handymax from Western Bulk yesterday
Canada may penalize U.S. exports Ottawa may impose retaliatory tariffs on some U.S. goods after Washington ignores NAFTA panel ruling in lumber trade dispute.
U.S. wins Mexico sugar tax ruling
Hurricane watch for S. Fla. ports
Walker takes Pensacola port helm
Soaring diesel halts trucks: CTA
Yangming profit increases
Safmarine taps new markets
LA-Long Beach cuts emissions
"K" Line program offers shippers supply-chain visibility
Danske: APMM 'fair value target' reached, while risks gather Danske Equities have urged investor caution on the eve of AP Moller-Maersk's (APMM) interims, saying the 'fair value target' had been reached, amid oil-price, rate, US dollar and other concerns.
Road levy sparks JN Port transporters' boycott A road-access levy at Jawharlal Nehru Port (JNP) has sparked an 'indefinite' boycott by transport operators and their organisations, disrupting cargo-movement at the already congested container terminals.
Supply scarcity fails to boost sentiment on mid to larger charter sizes
Danske Equities: Maersk deal better placed than TUI/Hapag-Lloyd in consolidation
Swiss rail still in trouble after floods, while Upper Rhine shipping normalises
Singamas: demand for containers 'back to normal' in H2
Owners oppose Australian salvage levy
Russia and Belarus sign agreement around Pan-European axis
K-Sea goes bicoastal The Saltchuk Group's sale of a subsidiary has opened a US horizon for stocklisted tank-barge operator K-Sea.
Ship Finance seeks new managers Company strives for greater distance from Frontline as it unveils slight drop in profits.
Reefer rebound for Green Better refrigerated ship markets mean more money for Norwegian owner.
Flat Finnish figures Profitable ESL Shipping continues to buoy up Finland's Aspo Group but the bulker owner's first half is marking time.
Jinhui rebounds from FFA crisis Bulker owner posts strong set of results after last year's freight forward losses.
Lasco levers up profit Latvian owner's products tanker fleet still bringing in the cash in first half.
Antitrust costs hammer Odfjell Second quarter numbers take a dive after settlements total $24m, though company still up at the half-way mark.
Cruiseship fire extinguished No one hurt in small blaze in stern of Costa Classica off Greece.
Sasebo slips Japanese shipbuilder sees first quarter profit slump, despite revenues holding firm.
Legal eagle joins Oetker Rudiger Sommer steps down as head of dry tramp after celebrating silver jubilee.
Frontline dips in second quarter Norwegian tanker giant's April-June earnings fall in line with spot markets, but it still managed a record six-month result.
Brostrom on right track Swedish chemical tanker owner builds profit in first half, if 2004's tonnage tax gains excluded from result.
Ezra splashes the cash Singapore owner orders $25m heavy lift accommodation pipelay vessel at domestic shipbuilder.
TUI rules out bidding war German group remains "optimistic" about $2bn offer for CP Ships, but analysts remain to be convinced.
NOL left in the lurch Analyst says P&O Nedlloyd and CP Ships deals leave Singapore liner operator facing solitary future.
Genco adds bulker Peter Georgiopoulos' recently listed bulker arm acquires 2001-built handymax for $34.5m.
Broström reports best operating result ever The Broström strategy where the chartering always consists of 50-60 per cent COAs, continues to be successful and the ...
Better profit and more ships for "Norden" Dampskibsselskabet "Norden" reports an improved profit for the first half of 2005. The USD 167 million profit included USD 27 ...
Samskip opens office in Vietnam Icelanders know ice and fish and Icelandic Samskip's activities grows substantially in Asia where a fourth office now opens ...
K-Sea extends barging reach to US West Coast New York-based barging company buys Sea Coast Towing, becoming the US's largest tank barge operator company claims.
Resupply disrupted in Ecuador Unrest in the country's oil producing region finally hits the bunker market as refinery struggles to keep up production.
DOE & API at a glance: This week's US inventory reports
Lubricants: US base oil prices on the rise...again Base oil prices in the United States are set to rise across the board again this week, the sixth round of hikes in as many months.
Kenyans lament continued use of single-hull tankers Fears of oil spill as single-hull tanker unloads crude oil at Mombasa, but is it a breach of MARPOL ban?
Lube producers at pains to stress value to shipowners Escalating costs, leaner supply chains and rising demand prompt marine lubricant suppliers to stress the value of their products.
Loading congestion in steady Rotterdam
Malaysia: Shell executive to take over at PTP The departure of the Port of Tanjung Pelepas' chief executive officer will not disrupt the Malaysian government's plan to develop a petroleum hub at the port.
High oil prices put pressure on OPEC OPEC is under pressure to produce oil at full capacity on expectations of oil prices remaining high.
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