Greek ferry operators to hike prices, challenge govt GREEK ferry operators, hit by soaring fuel costs, will raise ticket prices without waiting for regulatory approval, forcing the government to speed up liberalisation, an industry official said.
St Lawrence Seaway woos China grain buyers THE Great Lakes St Lawrence Seaway system is vying for a piece of the lucrative grain shipping business to China, but the binational waterway operators are expected to face an uphill task, ship brokers said on Friday.
Toll vows to fight off any bid for Patrick from Macquarie Bank AUSTRALIAN logistics and transport firm Toll Holdings vowed yesterday to fight any bid by a consortium led by Macquarie Bank to trump its A$5.8 billion deal to take over ports operator Patrick Corporation.
US giant Overseas Shipholding's Q1 net falls 22%
Stricken cruise liner arrives at English port after fire
Bergesen Worldwide Offshore raises US$300m in share sale
Macquarie reignites battle for Patrick THE BATTLE for Australian stevedore and logistics company Patrick Corporation has burst back to life with aggressive local merchant bank Macquarie announcing it is planning an all-cash bid for the company.
Ladyman offers owners one-stop shop BRITAIN'S shipping minister Stephen Ladyman has responded to calls for better coordination of maritime policy at government level by agreeing to be the single point of contact for shipowners.
Hopes fade for missing Alexandros T crew HOPES were fading yesterday of finding further survivors from the bulker Alexandros T, which sank last Wednesday leaving 26 crew members missing.
US Port Act wins industry approval SHIPPING industry advocates have greeted with relief last week's passing of the SAFE Port Act by the US House of Representatives.
Alexandros T: search continues OVERSEAS Marine Enterprises, the Piraeus-based manager of the bulk carrier Alexandros T, has issued the following update on the situation off the coast of South Africa
Rochester exorcises its cursed Spirit ROCHESTER (New York state) Ferry Co has reached agreement to sell its troubled Austal-built fast ferry Spirit of Ontario to a UK company called Euroferries
Tough first quarter for Irish Ferries IRISH Ferries has reported further falls in car traffic for the first three months but this was in line with market trends; it has, however, picked up market share from Stena
White House balks at port security grants The Bush administration rejects $600 million in new funding included in the SAFE Ports bill passed by the House.
Toll facing Patrick trump With less than a week to closure of Toll Holdings' A$6bn (US$4.62bn) bid for Patrick Corporation, Macquarie Bank has revealed a mega-consortium is poised to launch a rival bid.
System-swap to black out ECT Delta for a minimum 24 hours A scheduled revamp of ECT's automated terminal system will entail a complete 24 to 36-hour blackout of ECT's Delta terminals, with operations shutting down starting tomorrow from 12:00 or 15:00.
Feeder operators give Chittagong one month ultimatum
Exploration of Lyon-Turin base tunnel project well underway
Sweden proposes shore-power tax-break, while POLB eyes cold-iron lease
Fortis leading Metrostar push Bank is trying to assemble lending syndicate of $500m or more to support Quintana's hoped-for acquisition of Metrostar bulker fleet.
How much do you want? BW Gas pays out $454,000 per day in 2005 and appoints former Tory minister to set exec's salaries.
Ofer the limit A wine-drinking Zodiac skipper and a fatigued chief engineer feature in latest US detentions.
USCG funding in the wind Environmental politics may have killed a US Coast Guard (USCG) funding and maritime bill on the threshold of passage by Congress.
EU withdraws Ireland threat The European Commission drops its threat of legal action against Irish authorities over failure to maintain adequate port security.
Kenya responds to piracy New maritime response centre opens in Mombasa to offer quicker assistance to distressed and hijacked vessels off Africa's east coast.
Bomb threat at Palermo Bomb threat made against vessel due to arrive at Port of Palermo on Friday morning sees security team scrambled on-board Grimaldi ferry.
Pareto buys shipbroker Tanker and offshore outfit Johan G Olsen joins PF Bassoe under the Pareto umbrella.
Adani wants yard partners Indian group talking to STX, Daewoo and Tsuneishi about new shipbuilding project in Gujarat.
Colombo yard to treble profits Resurgence of shipbuilding work should boost Sri Lankan shipyard this year.
Pan Fish lands licenses Fredriksen's fish farming outfit Pan Fish nets 25% of salmon-farming and is close to reeling in Fjord Seafood to the expanded company.
Cash cow? First-quarter numbers sparkle after Pan United Marine finally logs a gain on the world's largest livestock carrier.
USS profit blown away New York-listed operator US Shipping Partners sees profit slump as hurricane season blows a hole in its bottom line.
Trico at record high US supply ship owner posts best ever quarterly result as Gulf of Mexico business booms.
Brostrom offloads travel agency Restructuring of Swedish tanker owner's logistics division now complete as it banks useful profit.
More losses for ADSB Currency gains cannot drag Abu Dhabi shipbuilder out of the red.
Trafalgar ups GOC stake UK hedge funds specializing in distressed companies buys more shares in Global Oceanic Carriers.
Vinashin gets green light Vietnamese state-owned shipbuilder wins government approval for Mekong Delta yard to be completed in 2009.
Sumatec sells tanker Malaysian shipowner offloads small oil products tanker to Thai Original Tankers for $1.2m.
Seacor stands firm US tanker and supply ship owner's first quarter operating profit on a par with preceding quarter.
Cosco box revenues slip A 10% increase in first quarter volumes fails to counter decline in rates at China Cosco Holdings Co.
IRA adding ME surcharge Informal Rate Agreement members to charge extra $200 per teu on cargoes from Asia to Middle East.
Tallink sues Finnish unions Tallink has filed a lawsuit in a Finnish court against Finnish maritime trade unions. Tallink's Peter Roose confirms the lawsuit ...
The Swedish queen names Stena tanker in the centre of Stockholm On 9 June, the Swedish Queen Silvia will name "Stena Primorsk", the third vessel in Concordia Maritime's P-MAX series ...
Bore to convert ro-ro-vessels The Finnish shipping company Rettig Group Ltd Bore plans to convert the ro-ro-vessels "Serenaden", "Heralden" and "Seagard" into ...
Los Angeles takes a plunge Prices heading lower as one supplier grabs business from other regional ports.
Reports: Aegean/FAMM storage deal finalised Reports cite market sources claiming negotiations finalised, with FAMM to hold some tankage.
CIS ports could gain from Volgotanker woes Exporters seek alternative routes as Volgotanker's woes leaves the company unable to buy bunker fuel to ship its contracted volumes.
Poor fuel quality not necessarily linked to low sulphur WW group downplays link between low-sulphur fuel policy and quality problems that have led to several debunkerings.
Crude plunge reflected in Rotterdam indications
SK Corp to reduce June fuel oil exports The oil refiner is expected to more than halve its fuel oil exports for June from May.
Bunker costs cripple Q1 profits for Korean liner South Korea's largest liner company posted 57.9% drop in net profit in Q1.
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