AP Moeller 1st half profit up 5.6% to a record AP Moeller-Maersk A/S, the world's largest shipowner and Denmark's No 1 oil company, said first-half profit rose 5.6 per cent to a record as it increased the amount charged for space on its vessels and as crude prices surged.
Evergreen Marine may post 8th quarterly profit EVERGREEN Marine Corp, Asia's largest container shipper, may have its eighth straight quarterly profit on higher demand for the transport of Asia-made goods from US retailers such as Wal-Mart Stores Inc.
PTP boss' next task: developing Senai airport THE former civil servant who guided the development of Malaysia's fledgling port at Pelepas into one of Asia's top emerging container ports has now been asked to move full time into developing the airport at Senai into a cargo and passenger hub.
Hutchison Port's 1st half profit rises 18%
Admiralty Casebook
No compensation for ship detained in Canada CANADA's Federal Court of Appeal has reversed a decision ordering the Canadian government to pay the owners of a Malaysian bulk carrier almost C$6 million in damages and interests for detaining the vessel for more than four months.
AP Moeller 1st half profit up 5.6% to a record AP Moeller-Maersk A/S, the world's largest shipowner and Denmark's No 1 oil company, said first-half profit rose 5.6 per cent to a record as it increased the amount charged for space on its vessels and as crude prices surged.
Evergreen Marine may post 8th quarterly profit EVERGREEN Marine Corp, Asia's largest container shipper, may have its eighth straight quarterly profit on higher demand for the transport of Asia-made goods from US retailers such as Wal-Mart Stores Inc.
PTP boss' next task: developing Senai airport THE former civil servant who guided the development of Malaysia's fledgling port at Pelepas into one of Asia's top emerging container ports has now been asked to move full time into developing the airport at Senai into a cargo and passenger hub.
Hutchison Port's 1st half profit rises 18%
Admiralty Casebook
No compensation for ship detained in Canada CANADA's Federal Court of Appeal has reversed a decision ordering the Canadian government to pay the owners of a Malaysian bulk carrier almost C$6 million in damages and interests for detaining the vessel for more than four months.
Fury as Japanese insurers slap on Malacca Strait premium JAPANESE shipowners are reeling from a decision by the country's main non-life insurance companies to levy an unconfirmed $250-a-voyage premium on vessels using the Malacca Strait.
Kvaerner downplays UK pension anxiety NORWEGIAN management that took over the Kvaerner Pension Fund as part of the '1m ($1.8m) deal yesterday sought to ease mounting concerns among 32,000 British members over the future of their pensions, writes Jerry Frank.
Box shipping boosts Maersk results CONTAINER shipping giant AP M'ller-Maersk would welcome further industry consolidation but has no immediate plans to tackle another acquisition project as it embarks on the challenge of integrating P&O Nedlloyd into its network.
Passengers flown home after fire-hit cruise is cancelled PASSENGERS from the fire-damaged 52,926 gt cruise vessel Costa Classica were flown back to Italy from Athens yesterday after Costa Crociere ended the vessel's east Mediterranean cruise, writes Nigel Lowry.
Turkish ro-ro ferry ablaze An estimated 50 passengers abandoned ship last night after a Turkish ro-ro ferry caught fire off Turkey's Black Sea coast.
Quintana fleet in place NASDAQ newcomer Quintana Maritime has started with a profitable quarter as it puts the finishing touches to its new bulker fleet
Explosion on Chinese feeder ship THREE seamen were seriously injured by an explosion in the engineroom of the 112TEU Chinese feeder vessel Kaiyue on 23 August
APM raises profit forcast AP MOLLER-Maersk has raised its 2005 net profit forecast to DK23Bn ($3.8Bn) from Dk20Bn on the back of strong freight rates, current exchange rates and crude oil prices
South Florida ports brace for storm As storm moves in on Miami (left), region's largest ports are closed to vessel traffic; Katrina expected to reach hurricane status before making land.
Li Ka-shing: HK lags behind mainland Chinese ports, but Hutchison will stay Giant port operator Hutchison Whampoa's chairman Li Ka-shing said today that Hong Kong Port's growth is lagging behind the mainland Chinese ports, but still possesses some strengths.
NCC reaches out into Ukraine National Container Company (NCC) has made its first non-Russian acquisition, with an agreement to invest in Ukraine's Ilyichevsk Container Terminal (ICT), which was recently put under private management.
EC discusses elasticity in textile-categories as quotas stretch to their full
FESCO improves domestic service to Sakhalin
SYMS makes Australian debut
Indian government detects irregularities in foreign trade data
AP Moller-Maersk upgrades full-year forecast
Yellow Sea Ferry mulls launching container service
AP Moller builds profit mountain Danish giant posts suitably huge first-half earnings as boxships perform ahead of Nedlloyd merger.
Analyst doubts Frontline Banc of America says tanker giant will have tough time repeating surprisingly strong 2Q earnings fueled by VLCC performance.
Kenya extends ferry bidding Tender deadline to build two coastal ships pushed back amid rumoured lack of interest.
Turkish ferry ablaze in Black Sea Passengers and crew abandon ship after fire breaks out.
Crewman dead in blast Three more men seriously injured in explosion on cargoship off Wenzhou, China.
DFDS profits dip Will 6% drop in latest quarter derail company's plans to beat 2004's result?
ASL earnings jump Singapore yard and chartering group brings home 36% more bacon.
New rescue plan for super ship Japan steps in with bail-out money for troubled Techno-Super Liner project.
Smit up despite salvage slump Dutch operator still expects profit leap for full year despite drop in earnings for both salvage and heavy lift activities.
Orion profitable Danish shipowner overcomes last year's losses in the wake of ship sales.
Humpuss on hold Indonesian owner delays bond issue while it looks at other options to fund fleet expansion.
3 Maj still in the red Croatian shipbuilder's losses widened slightly in tough first half as costs rose.
Eidsiva excels on earnings Norwegian owner's bigger fleet profits from better charter rates in first half.
Suez canal revenues up Transits for July also rise nearly 7%.
Fire strikes Grimaldi ship Italian car carrier Grande Spagna suffers a fire in its paint locker after leaving UK repair yard.
Sado losses deteriorate First half losses at Japanese ferry operator widen, but full-year results may show modest improvement.
First profits at Quintana Newly listed panamax bulker player makes $744,195 in the first three months running up to its IPO.
Singapore box numbers jump Lion Republic's two terminal operators see healthy increase in January to July container throughput.
Expectations up in Maersk after first half result A.P. Møller-Mærsk A/S came out of the first half of 2005 better than expected. Also the forecast for ...
Stena Bulk close to half a billion The half year result of Stena Bulk was close to SEK 500 million (EUR 53.6 million), and according to CEO ...
Poorer results from Frontline Frontline posted net income of USD 127.5 million in the second quarter and USD 407.2 million for the first half ...
Additives companies test new marine fuel products Marine fuel additives offer cleaner combustion and better fuel efficiency, and North American companies are getting on board.
Tropical storm closes Florida ports, bunker offices Ports in Florida shut down today and bunker suppliers closed offices as Tropical Storm Katrina threatened the region.
Russia to review oil export taxes this year Oil export taxes to reach fresh record highs, but new assessment mechanism will see changes in export duties.
New broker and chartering firm opens in Italy After seven years in London, two former Anderson Hughes employees return home and set up new business.
Fujairah supplier's London branch closed Declining bunker market activity and change of focus make London representative redundant.
EIA: Crude cushion could ease price pressure this winter Crude prices at record highs despite counter-seasonal US stock build, which bodes well for winter supply.
Lubricants: Oronite admits force majeure A lubricant additives supplier has declared force majeure and admits that it will not be able to meet demand for several months.
Rotterdam firm this morning
Singapore: Residual fuel stocks up, middle distillates down
SK Energy seeks greater role in bunkering Singapore-based SK Energy Asia aims to focus more on bunkering and triple its fuel oil trading.
Crude surges to record high in New York Crude oil prices touched a record level in New York due to supply fears being elevated by storms in the Gulf of Mexico.
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