Alstom sells shipbuilding business to Norway's Aker FRENCH engineering group Alstom has sold control of its shipbuilding business to Aker Yards of Norway, as it steers away from financial turmoil.
Hutchison can bid for Mumbai port project INDIA's prime minister has overruled a concern by the country's defence officials over Chinese companies that want to invest in the country's shipping industry, clearing the way for Hutchison Whampoa Ltd to hand in a US$260 million plan to build container terminals in Mumbai.
USCG completes Bow Mariner probe THE US Coast Guard has completed its investigations into the explosion and sinking of the Singapore-flagged chemical tanker Bow Mariner two years ago, which claimed 21 lives.
Aker Yards poised to gain control of cruiseship rival Chantiers LISTED Norwegian shipbuilder Aker Yards was set to claim the scalp of one of its principal cruiseship construction rivals yesterday after reaching agreement with the Alstom group to take control of the Chantiers de l'Atlantique shipyard.
SeaDrill gears up to launch Smedvig takeover battle A MULTI-billion-dollar bid battle could be in prospect after John Fredriksen's SeaDrill disclosed yesterday it was considering launching a takeover of Norwegian offshore drilling rival Smedvig, which Texan group Noble Corp also has in its sights, writes Tony Gray.
Panalpina chief executive Sidler resigns in aftermath of fraud scandal PANALPINA chief executive Bruno Sidler has resigned with immediate effect, the company said yesterday.
Owners call for more pressure on Turkey EUROPEAN Union shipowners called for renewed pressure on Turkey yesterday following combative talk over the future of the country's long-standing ban on Cypriot-flagged ships.
Stolt clearing legal hurdle KOREA'S Fair Trade Commission has completed its investigation into Stolt-Nielsen Transportation Group in its probe of cartel activity in the parcel tanker industry
easyCruise going American? easyCruise is considering a shift toward US passengers for future winter seasons after a heavy focus on Europeans during the operation's debut year
India's shipping secretary retires DT Joseph, India's high-profile shipping secretary, has retired; he has been replaced by AK Mohapatra
Panalpina CEO out amid accounting fraud The Swiss logistics group said Chief Executive Bruno Sidler stepped down after accounting misconduct by an employee was discovered that will cost the company about $25 million.
Lines forecast strong Q1 in eastbound trans-Pacific
Panalpina uncovers loss-making division Panalpina has discovered 'serious misconduct' of a manager at Panalpina Airfreight Management Ltd in Basle, which has led to the loss of approximately CHF33m (US$25.1m) and CEO Bruno Sidler's resignation.
Next APL Panama refloat attempt to be mid-January The next attempt to refloat the APL Panama will take place in mid-January, the ship's owners confirmed last night.
Charter market waits between two New Years
Award for Bravery as CP ship takes up mission of fallen Valour
NC Port authority hopes to attract private partner to proposed facility
Outgoing governor leaves windfall to state container-rail projects
No exemption for shipping lines and agents from Indian regulation
Kariba bears blame for Tricolor A US federal judge blames the costly Tricolor sinking 100% on containership Kariba, exonerating the other ships involved.
Germans renounce Olsen art Oslo shipowner Fred Olsen's sale of paintings his family bought from the Nazis will meet no challenge from at least one former owner.
Wreck removal row Two recent German shipwrecks -- one with an uninsured owner -- have given rise to disputes over the salvage bill.
Clarkson pays £8m for Plowright But reveals its acquisition target made a loss in last audited year.
Tallink circles Silja Estonian group gives strongest indication yet of bid for troubled Baltic line.
Tinsel Town training Bow Mariner crew learned how to evacuate ship from watching 'Titanic'
Ruia brothers on shopping spree Tax-conscious Essar Shipping has $330m to spend in January sales.
SeaDrill does it again Fredriksen offshore unit now in pursuit of Smedvig as it prepares to make takeover offer.
Sembawang wins FPSO deal Singapore yard to convert former Bergesen Gas VLCC into floating production unit for Mexico.
Aker to buy Alstom yards Norwegian group will initially take 75% stake in French shipyards with remainder following in 2010.
Courage bosses keep buying Buyback by top four directors at Singapore-listed Taiwanese bulker owner edges closer to 6m shares.
Stellar start for Glovis Shares in Hyundai car distribution offshoot, part owned by Wilh Wilhelmsen, have risen sharply since IPO.
Hazardous cargo removed CP Ships says worst of potential pollutants removed from the CP Valour aground off the Azores.
Scandlines put up for sale by bankers Scandlines has now been put up for sale by the owners, which are Deutsche Bahn and the Danish Ministry of ...
Aker Yards/Alstom Marine join forces Aker Yards and Alstom Marine join forces and form a new company consisting of the shipyards in Saint-Nazaire and ...
Record year for Argentina bunkers but limits to growth Suppliers expecting another bumper grain crop to boost demand but saying that barge availability is limiting expansion of the market.
Volatile US bunker prices for 2006 With speculation driving the crude market, US bunker suppliers predicting more uncertainty over prices.
Durban: Refiner attempts second cat cracker restart SAPREF scheduled to restart catalytic cracker today as South African market continues to suffer distillate shortages.
Onus on ships to make own oil boom preparations Taiwan suppliers say buyers to make their own oil boom arrangements following new barge delivery rules.
Grounded ship: Fuel and hazardous cargo lightered Almost one month after grounding, all IMO-classified hazardous cargo and fuel has now been removed.
Base Oil: Group I plant to restart after 3 months offline A US Gulf Coast Group I base oil plant is reportedly set to restart this week after three months offline.
Argentina: Barge out of service until end-February
Rotterdam market surges with crude spike
Singapore: New terminal breaks ground on Jurong Island Singapore's homegrown oil trader has held the groundbreaking ceremony for its new oil storage terminal on Jurong Island.
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