BW re-enters product tanker market ONE of the world's biggest tanker owners, the BW group, has announced new-building orders and the purchase of more tankers - estimated to be worth about US$700 million - while turning in better results at its gas transport division.
RCL posts record full-year profit of 4.8b baht BUOYED by a robust intra-Asia container trade during 2005, Thai-listed Regional Container Lines posted record net profits - up 31 per cent compared to a year earlier.
Hanjin investing US$720m to build Philippine shipyard SOUTH Korea's Hanjin Heavy Industries Co said on Monday that it would invest US$720 million constructing a shipyard in the Philippines as it looks to escape domestic constraints on capacity.
US assures region of help against pirates in Straits
ILO adopts new labour standard for world's seafarers
US Coast Guard raised concern on port deal: senator
Strait Talk
Living the dream PERHAPS not everybody who goes to sea on merchant ships dreams of one day owning his or her own ship, or even shipping company, but I bet most do.
Port Shots
Port Shots SHANGHAI Zhenhua Port Machinery Co, the world's biggest maker of container cranes, said profit surged 163 per cent last year after sales increased.
BW re-enters product tanker market ONE of the world's biggest tanker owners, the BW group, has announced new-building orders and the purchase of more tankers - estimated to be worth about US$700 million - while turning in better results at its gas transport division.
RCL posts record full-year profit of 4.8b baht BUOYED by a robust intra-Asia container trade during 2005, Thai-listed Regional Container Lines posted record net profits - up 31 per cent compared to a year earlier.
Hanjin investing US$720m to build Philippine shipyard SOUTH Korea's Hanjin Heavy Industries Co said on Monday that it would invest US$720 million constructing a shipyard in the Philippines as it looks to escape domestic constraints on capacity.
US assures region of help against pirates in Straits
ILO adopts new labour standard for world's seafarers
US Coast Guard raised concern on port deal: senator
Strait Talk
Living the dream PERHAPS not everybody who goes to sea on merchant ships dreams of one day owning his or her own ship, or even shipping company, but I bet most do.
Port Shots
Port Shots SHANGHAI Zhenhua Port Machinery Co, the world's biggest maker of container cranes, said profit surged 163 per cent last year after sales increased.
BW re-enters product tanker market ONE of the world's biggest tanker owners, the BW group, has announced new-building orders and the purchase of more tankers - estimated to be worth about US$700 million - while turning in better results at its gas transport division.
RCL posts record full-year profit of 4.8b baht BUOYED by a robust intra-Asia container trade during 2005, Thai-listed Regional Container Lines posted record net profits - up 31 per cent compared to a year earlier.
Hanjin investing US$720m to build Philippine shipyard SOUTH Korea's Hanjin Heavy Industries Co said on Monday that it would invest US$720 million constructing a shipyard in the Philippines as it looks to escape domestic constraints on capacity.
US assures region of help against pirates in Straits
ILO adopts new labour standard for world's seafarers
US Coast Guard raised concern on port deal: senator
Strait Talk
Living the dream PERHAPS not everybody who goes to sea on merchant ships dreams of one day owning his or her own ship, or even shipping company, but I bet most do.
Port Shots
Port Shots SHANGHAI Zhenhua Port Machinery Co, the world's biggest maker of container cranes, said profit surged 163 per cent last year after sales increased.
DP World expects P&O deal approval DUBAI-headquartered port operator DP World is confident that its $6.5bn purchase of the UK's P&O will be endorsed by March 2, despite being delayed by a petition against the deal by a Miami-based firm in the High Court in London.
US Coast Guard rebuffs security concerns THE US Coast Guard has rejected a claim by politicians that it had raised "concerns" about DP World's potential support for terrorism, stating that the so-called revelations were 'taken out of context' and ignored the USCG conclusion that no such threat existed, writes Rajesh Joshi in New York .
IMC Pan Asia plans LNG shipyard investment to meet Chinese demand IMC PAN Asia Alliance is in talks to invest in liquefied natural gas shipbuilding in China, to meet the demand for newbuildings from the country's planned LNG projects, writes Marcus Hand in Singapore.
Bergesen Worldwide Gas taps into expanding new markets NORWAY'S Bergesen Worldwide Gas has lifted a $43m fourth quarter pre-tax profit and left behind a $59m loss booked a year earlier as global gas needs continue to fuel its rise in fortune.
BW sets China VLCC order record THE Sohmen family's BW Group has taken this week's spending to almost $700m with an order for two VLCCs in China, writes Tony Gray .
Aponte, Grimaldi in takeover rumour TWO Italian operators have forged an unprecedented alliance to avoid the consequences of overcapacity on the short-sea route between Civitavecchia and Palermo
Transmanche rebuilds Dieppe link TRANSMANCHE Ferries took delivery of its first newbuilding yesterday for operation on the Dieppe-Newhaven route; the company is now in talks with Louis Dreyfus
NOL ready to meet 2006 challenges SINGAPORE-listed Neptune Orient Lines reported strong financial results for 2005 despite net profit dipping by 15% to $804M
Eller's DPW objections 'wafer thin' THE Miami joint venture partner of P&O has faced tough questioning at the UK High Court in its bid to stop DP World taking over P&O
OSG profits slump in fourth quarter OVERSEAS Shipholding Group's profits dropped sharply during the fourth quarter, but full-year results were up on tax impacts and fleet growth
USCG clarifies DPW revelation COAST Guard officials say a US senator got it all wrong in using a USCG report to imply security shortcomings with Dubai Ports World
'No red flags' in DP World review National director of intelligence tells Senate hearing of low security threat from DP World's acquisition of P&O's U.S. port operations.
NOL see 'more challenging' 2006, while RCL see 2005 spree end in constrained Q4 Depressed freight-rates have taken their toll on APL parent Neptune Orient Lines, with Q4 seemingly marking the end of the more effortless buoyancy of full-year 2005.
Thursday ruling on P&O, as industry tries to understand politics' role in business The High Court has delayed a ruling on the case for DP World's takeover of P&O, adjourning the London-based hearing until Thursday, given the political objections surrounding the case.
China COSCO Holdings: Supply-demand balance could come as early as 2007
China's first local port regulation starts in Shanghai
Safmarine Pakistan boxes to be examined at Cochin, after unscheduled stop
Dongnama and SYMS may launch joint intra-Asia services
TSK Line to launch CNS service
MOL confirm success in tender: UTOC to become subsidiary
CSCL and V.Ships form ship-management JV for newbuilds
BW orders ULCCs in China Singapore-based BW Shipping Manager has ordered two 320,000 DWT tankers at China's Bohai Shipyard for delivery between 2009 and ...
Seven convicted in "Express Samina" case Seven people has been convicted by a Greek court for their part in the "Express Samina" disaster in September 2000 ...
DP awaits new investigation before take-over of American terminals DP World has offered to postpone its take-over of P&O terminals in USA for 45 days. In the ...
Long-term trader on the move Sales Manager leaves Russian supplier after nearly a decade.
Russian oil revenues and fuel oil prices rise A leap in Russian domestic wholesale prices for fuel oil has been accompanied by price consolidation in the St. Petersburg bunker market.
Bunker prices blamed for NOL profit fall Shipowner seeing 15% profit decrease despite fuel hedging scheme.
Environmental conferences for shipowners in Asia BP Marine hosting two events in March on low-sulphur fuel challenges and environmental legislation.
Rotterdam sharply lower with crude
BP Marine: Lube buyers will feel effects for months Jill Nguyen, Director BP Marine Lubricants, has warned that severely stretched base oil supply will be felt by the shipping industry for months to come.
PTP singled out as a core development sector The areas around the Port of Tanjung Pelepas (PTP) have major developments in the pipeline for its maritime industries.
Ten oil refineries needed in Arab countries Surging demand for refined products spells the need for more oil refineries, according to industry specialist.
Viswa Lab seminar in Singapore focuses on bunker quality issues Dr. Vis urges shipowners to acquire quality bunkers, even at higher costs.
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