AP Moeller may post record 2004 profit AP Moeller-Maersk A/S, the world's largest shipping company, may say 2004 profit was the highest in its 100-year history as China's exports kept container vessels full and oil sold for near-record prices.
Portek wins two crane orders worth $12m PORT equipment engineering company Portek International Ltd has sealed two new crane orders in India and Mexico.
APL forms company in Poland APL, the global container shipping arm of the NOL Group , has announced the formation of its own organisation in Poland.
OPEC sees no need for more oil, yet Although no new OPEC supply increase is imminent, the group's president sees the need for more oil later this yeear.
US crude build sends prices lower Crude oil futures fell sharply today on larger-than-expected crude stock gains, the seventh straight week of builds, even as gasoline inventories fell more than expected.
US crude oil stocks swell further In a repeat of last week's pattern, the latest US oil inventory data show solid builds of crude, while stocks of key products continued to fall.
Rotterdam barge offers easing in quiet trade
Singapore: BP knocks Shell off top spot MPA reveals Singapore's leading suppliers in 2004, with three independents making it into the top six.
Saudi posted prices ease
ARA market reported stable this morning
Grounded boxship refloated in Virgin Islands Salvors have refloated the boxship that ran aground last Saturday on St Croix, avoiding potential environmental damage.
Japan: Vessels stuck in port due to tight supplies Tight bunker supplies continue in Japan, leaving a couple of vessels stuck in port while waiting for fuels.
Lubmarine unveils $2m 'cutting-edge' test engine New MAN B&W Innovator-4C engine enables lubricants to be pushed further in testing, more than doubling previous testing productivity, says company.
Korea visit kicks-off LNG spree QATAR'S minister for energy and industry is finishing up what might be described as the most expensive 'window shopping' trip the shipping industry has ever known with up to 90 newbuildings planned.
Qatar primes Korean yards for $15bn LNG order bonanza QATAR'S Minister for Energy and Industry is finishing what might be described as the most expensive window shopping trip the shipping industry has ever known.
TOP Tankers in negotiations to snap up 15 Nomikos bulkers EVANGELOS Pistiolis' Nasdaq-listed TOP Tankers is rumoured to be negotiating a 15-vessel deal, potentially priced at $450m-$460m, with AM Nomikos Transworld Maritime Agencies, writes Rajesh Joshi in New York.
Bitter row between partners could mean the sale of GE SeaCo ONE of the world's biggest container leasing companies, GE SeaCo, could be sold unless its two shareholders can resolve serious differences that have emerged in the past few days.
Selendang Ayu master admits lying to US safety authorities THE master of the Selendang Ayu has joined the ranks of merchant mariners facing criminal prosecution after admitting he lied to the US National Transportation Safety Board.
Sea Containers plans ferry transfer SEA Containers president James Sherwood has revealed that losses incurred by the company's fast ferry operations will only be remedied by transferring the vessels from the UK to the Mediterranean
Cruise rush prompts NYK ship switch NIPPON Yusen Kaisha (NYK) have announced plans to replace their existing Japan-based cruise ship, Asuka, with U.S.-based affiliate Crystal Cruises' Crystal Harmony (built 1990)for Japanese cruising from Spring 2006
Singapore, China sign protocol SINGAPORE and China have signed a protocol amending the existing Maritime Transport Agreement that will facilitate shipping companies to set up subsidiaries
Saga snaps up Deilmann's Berlin SAGA Shipping, part of the privately owned British leisure-to-financial services group Saga, has bought the 9,500gt cruise ship Berlin from German principals
Finnlines strike ruled illegal THE strike on the Finnlines vessels Runner and Rider has been ruled illegal by a court in L'beck, Germany, and the striking crew have now been sacked
Selendang Ayu master pleads guilty THE captain of the Malaysian bulk carrier Selendang Ayu is to plead guilty to giving false information to the US National Transportation Safety Board
Pacific Northwest containers surge Seattle, Tacoma (left), post gains in box volumes on strong Asia trade, carriers' worries over congestion at gateway ports in So. California.
TACA's Panama Canal fee raises shippers' ire Trans-Atlantic Conference Agreement (TACA) announced today that it will increase Panama Canal transit fees by US$50/container from May 1, making the total tariff nearly double that levied by the authorities.
US Customs tightens C-TPAT rules Strict new rules for importers enrolled in the Customs-Trade Partnership Against Terrorism (C-TPAT) programme were revealed late last week.
'Prompt' dates receding, as dry market continues
CSCL and Evergreen announce Sino-Taiwanese co-operation on slot-swap
SEAS service to call at South Africa
PONL, NYK upgrade NZAX
Rates rise in ANZ-Pacific trades
Xiamen FTZ aimed at international transhipments
NCB investments boost capacity
Brazil-Poland double act helps double ICTSI net earnings
Sea Containers box-business struggles against other sector performance
Second Mawan berth expected to post profits in first year
Super profit for D/S "Norden" Dampskibsselskabet Norden has presented the best revenue ever in the company's 134 year history, USD 1,116.6 million for 2004. The ...
"Safe Caledonia" hire extension Accommodation rig "Safe Caledonia" is chartered by SNEPCO (Shell Nigeria Exploration and Production Co.) for anoher 30 days from 6 ...
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