London needs extra £60b to upgrade transport system: CBI BRITAIN's transport system needs an extra £60 billion over 10 years in public and private funds to improve aging infrastructure and meet growing demand, the country's biggest business group said.
Smit workers cancel strike after labour pact reached WORKERS at Smit Internationale NV, a Dutch provider of port towing services, have cancelled a planned 48-hour strike after their unions reached a new labour agreement.
Oil-tanker rates may level out after last week's 6% drop THE cost of shipping crude from the Middle East to refineries worldwide on 2 million barrel oil tankers may level out after last week's 6 per cent decline as a surplus of tonnage offsets an increase in bookings for December.
DP World finalises knockout P&O bid Almost 170 years of independence for P&O, perhaps the grandest brand in the maritime industry, could be about to end with a bid worth more than £3bn from Dubai Ports World.
US mercenaries to hunt African pirates PIRATES operating off the Horn of Africa, who this weekend released a hijacked Ukrainian bulker and crew, will be hunted down by a crack force of US mercenary marines in the pay of the Somalian government.
German rivals in Europe-Australia duel as Hamburg Süd confirms solo service HAMBURG Süd is to go solo with its own service between Europe and Australasia via the US rather than join forces with compatriot Hapag-Lloyd.
Irish Ferries: way ahead still unclear IRISH Ferries managers, who spent the morning in talks with Ireland's Labour Relations Commission, admit they have no idea when normal operations will resume
Charter shortfall hits Navios BULK operator Navios Maritime Holdings saw profits cut by 39% during its the third quarter on a smaller chartered-in fleet
Smit talks only partially successful SMIT Harbour Towage workers in Rotterdam have reached agreement that averted the threat of 48-hour strike action, but colleagues in salvage and heavy lift have not
Irish Ferries managers in crisis talks IRISH Ferries' management has been in talks this morning with Ireland's Labour Relations Commission in a bid to resolve what has become a national dispute
Venezuela unveils infrastructure revamp VENEZUELA has announced a $100Bn infrastructure plan for the Zulia state funded by oil revenues, including a new deepwater port near Lake Maracaibo
Sub-continent awaits DP/P&O news INDIA'S shipping community is awaiting news of the imminent takeover of P&O Ports by DP World, Dubai's state-owned ports operator, with confirmation expected this week
P&O, Dubai ports deal said to be near Dubai Ports World said to be on verge of agreeing to takeover of P&O, the UK ports and ferry group, in a deal worth around $5.5 billion.
Hamburg Sud goes it alone to ANZ Hamburg Sud is to go its own way in the Australia-New Zealand/ECNA/Europe trades following the end of the ANZ Alliance in February, and launch its own six-ship, fortnightly service.
Third Smit strike in one week, though harbour towage resolved
Brazil to make boxes again
Toll fails to satisfy ACCC but extends Patrick offer at lower price
Korean port workers go on strike
Longer hours for truck gates at Vancouver box terminals
Business plans as usual for transatlantic carriers
MSC defers plan to operate larger vessels to India
Fesco announces Korea volumes
Deutsche Post expects Exel takeover by mid-December
Westport's expansion plans show confidence in volume growth
Repeat issuers see shares dip Stock prices for dry bulk player Diana Shipping and Jones Act stalwart Maritrans take a dip as both owners trot out repeat offerings.
A neverending lawsuit Peter Tavoulareas prevails in latest skirmish with Tsavliris over 1991 salvage of the Atlas Pride.
Nassco delivers third suezmax San Diego shipbuilder has handed over third BP tanker with final vessel in series tabbed for late 2006.
OMI builds charter book Connecticut owner finds three-year deals with Navion and Total at robust $22,000 per day for two handymax units.
Pirates free Panagia Seizure of ship off Somalia comes to a peaceful end after 39 day ordeal.
Oceania expands again Del Rio and Watters line up a fourth vessel to join fledgling cruise company in 2007.
Navios numbers nosedive Profitability of Angeliki Frangou's bulk carrier operation takes a hit as fewer ships trade at lower rates.
Marco signs for Cochin run UAE ferry owner likely to start Indian service by end of December.
Farstad goes West Norwegian offshore shipowner to build platform supply vessel at domestic yard.
Cleanup takes a year Victory declared in $175m battle against the Athos I tanker spill on the Delaware River.
One down, three to go Smit reaches pay deal with towage workers but other staff still threatening strike action.
Supply ship duo for Vroon Dutch owner adds to offshore fleet with order at Galatz in Romania.
Talks due in ferry crisis Irish Ferries staff and management head to Labour Relations Commission for separate talks to end strike.
Dubai Ports ready to swoop P&O share price shows volatility as Middle East port operator prepares formal bid.
Jinhui takes a tumble Drydockings and sluggish freight market leads to 37% fall in third quarter profit.
Non-delivery costs hit Braila Romanian yard in the red after setting aside money to settle court case.
Israel Corp up again Sammy Ofer-controlled company profits further from Zim's boxships in first nine months.
Abandoned ship on auction The ageing Russian owned freighter "Silva" will be sold on a forced auction at Esbjerg on December 15. 2005. This ...
DFDS buys replacement ferry for the North Sea DFDS has purchased the French ferry "Val de Loire" for take over from Britanny Ferries in March 2006. The ferry ...
Kystlink suffers from cost over-run Higher than expected costs to the tune of NOK 25 million in the second half of 2005 has forced Langesund ...
PDVSA admits service problems, aims to improve Venezuela's sole bunker supplier PDVSA Deltaven admits that some of its service has been lacking as it responds to accusations of poor staff availability and barging problems.
Oil prices fall as US reopens after holiday US crude prices move lower on forecast for modest heating oil demand.
New ownership could boost Lintec's position Reports say independent bunker fuel testing firm Lintec has been bought by global laboratory services giant Intertek Caleb Brett.
UAE supplier says onshore storage is the way forward Bunker supplier in Khor Fakkan, near Fujairah, says offshore storage will soon become a thing of the past.
Two Asian countries take seats in IMO council IMO Council elections last Friday saw two Asian countries take seats to become council members.
Singapore: Onshore oil stocks fell last week
Singapore's bunker sales up 5.4% in October Singapore's October bunker sales improved from September and sales of 500 cst bunker fuel hit record level.
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