Call to examine foreign ownership of US ports TWO Republican lawmakers said the procedure for reviewing transactions such as a Dubai company's takeover of some US port facilities needs to be overhauled and responsibility shifted to the Homeland Security Department.
MSC-PSA joint venture terminal opens at Pasir Panjang WITH the opening of the MSC-PSA Asia Terminal yesterday, the Mediterranean Shipping Company became the second major shipping line to jointly operate a container terminal in Singapore in cooperation with PSA Corporation.
NOL posts decline in cargo volumes, first in 2 1/2 years NEPTUNE Orient Lines, the world's ninth-largest container line by capacity, recorded in January its first decline in cargo volumes in two-and-a-half years, providing further evidence of an impending downturn for the container shipping sector.
S Africa's Transnet names advisers for asset sales
Port Shots
Port Shots HIGH oil prices will drive up costs for state-run China Shipping Co by 5 per cent this year and increased capacity will make shipping firms more difficult to operate, group president Li Kelin said on Sunday.
Call to examine foreign ownership of US ports TWO Republican lawmakers said the procedure for reviewing transactions such as a Dubai company's takeover of some US port facilities needs to be overhauled and responsibility shifted to the Homeland Security Department.
MSC-PSA joint venture terminal opens at Pasir Panjang WITH the opening of the MSC-PSA Asia Terminal yesterday, the Mediterranean Shipping Company became the second major shipping line to jointly operate a container terminal in Singapore in cooperation with PSA Corporation.
NOL posts decline in cargo volumes, first in 2 1/2 years NEPTUNE Orient Lines, the world's ninth-largest container line by capacity, recorded in January its first decline in cargo volumes in two-and-a-half years, providing further evidence of an impending downturn for the container shipping sector.
S Africa's Transnet names advisers for asset sales
Port Shots
Port Shots HIGH oil prices will drive up costs for state-run China Shipping Co by 5 per cent this year and increased capacity will make shipping firms more difficult to operate, group president Li Kelin said on Sunday.
Container collapses prompt recall of automatic twistlocks THE loss of 400-500 containers in heavy weather in northern European waters has prompted MacGREGOR to replace thousands of fully automatic twistlocks used to secure the deck stacks aboard containerships.
Owners must act quickly to avoid pollution fines, warns American Club SHIPOWNERS have been warned that they will have to prove they did all in their power to prevent pollution incidents, if they are to get any fines reimbursed by insurers, writes James Brewer.
European maritime policy paper to be published in May JOE Borg's Green Paper on European Union maritime policy will be published on May 31 this year and followed by legislative proposals in 2007, the maritime affairs commissioner said yesterday.
Costa Allegra gets makeover before cruising into China ITALIAN cruise company Costa Crociere is breaking into the Chinese market having been authorised to operate from local ports.
Judge rejects US objections to DP World deal DP World's $6.8bn acquisition of P&O is set to proceed after the Court of Appeal in London yesterday turned down objections brought by US ports company Eller & Co.
Ferry victims' families offered $26,200 EL Salam Maritime Transport, operator of the ferry Al Salam Boccaccio 98 that sank in the Red Sea early in February with the loss of more than 1,000 lives, is offering to pay E'150,000 ($26,200) for each victim
Costa spearheads Carnival Asia offensive CARNIVAL Corp has confirmed that its Costa division will lead the company's long-anticipated Asian strategy
Trans-Pacific import growth to slow Declining growth in import traffic will push down freight rates by 15 percent and container industry profitability will fall, perhaps to a loss, over the next two years, according to forecasts by two economists.
UPDATE: Appeal against DPW-P&O deal rejected Eller & Co's legal challenge to DP World's acquisition of P&O has been heard and rejected in the Court of Appeal, paving the way for the acquisition's completion this week.
Australia's Toll confirm minimum 60% acquisition of Singapore's SembLog Australia's Toll Holdings has finalised a deal with SembCorp Industries to purchase its entire 60% share in SembCorp Logistics (Semblog) at a consideration of up to S$793m (US$488m).
KC Chang calls box industry to action today
India's first private boxtrain from first week of April
NOL figures reveal market toll on APL volumes and revenues
No bidders for Gotland ferry traffic ' tender cancelled The tender for state subsidised ferry traffic between the Swedish mainland and the island of Gotland has been cancelled by ...
Esvagt record: 15 years at sea without accidents Esvagt and the crew on the standby/rescue vessel "Esvagt Preserver" last week celebrated a rather unusual record: 15 years ...
Røkke retires as Aker chairman Norwegian industrialist Kjell Inge Røkke will retire as chairman of Aker ASA ' the holding company ' to develop some business ideas ...
FAMM: Changing times in the marine lubes market FAMM VP (Marine lubes) discusses changing nature of the supply/demand balance for marine lubes and their components, and what changes these may bring on the behaviour of both suppliers and buyers.
Total enters US Gulf supply fray Bunker arm starting operation in Port Arthur area with barge supply from local refinery.
Qatar becomes biggest client for emissions monitoring system 12 MariNOx' systems ordered for Qatar Gas II project, with more expected.
Union mobilises on ship emissions California dock workers union calling for 20% reduction in ship pollutants by 2010.
Slow start to the week in Rotterdam market
Bunker Holdings launches new service New agency service offers bunker-only calls in the Far East.
South Korean refiner decides on April refining runs Rebound in refining margins prompts no change or slight increase to Hyundai's refinery run rate in April.
Vietnam endorses construction of new oil terminal Vietnam-Singapore JV aims to build modern terminal that can compete with other Asian oil storage facilities.
Oil output cut unlikely at OPEC meeting The next OPEC meeting is scheduled on March 8, where the oil cartel will decide on production plans.
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