Cosco Pacific first-half profit drops 37% on lower earnings COSCO Pacific Ltd, Asia's third-largest port operator, said first-half profit fell a more than expected 37 per cent, on lower earnings at its terminals and an affiliated container maker.
Hutchison to build, operate Ecuador terminal HUTCHISON Port Holdings Ltd, the world's largest port operator, said it will spend US$523 million to build and operate a new container terminal in Ecuador as it seeks to tap Latin America's economic growth.
Stolt-Nielsen indicted in US for price-fixing BRITISH shipping company Stolt-Nielsen SA has been indicted in Philadelphia for price-fixing and other illegal cartel activities in the parcel shipping industry.
Admiralty Casebook
Vessel detention a normal risk in salvages: court AN ENGLISH court recently upheld a time charterparty under which the salvor of the vessel Tasman Spirit had brought in a shuttle tanker to help in salvage operations off the port of Karachi in Pakistan.
Cosco Pacific first-half profit drops 37% on lower earnings COSCO Pacific Ltd, Asia's third-largest port operator, said first-half profit fell a more than expected 37 per cent, on lower earnings at its terminals and an affiliated container maker.
Hutchison to build, operate Ecuador terminal HUTCHISON Port Holdings Ltd, the world's largest port operator, said it will spend US$523 million to build and operate a new container terminal in Ecuador as it seeks to tap Latin America's economic growth.
Stolt-Nielsen indicted in US for price-fixing BRITISH shipping company Stolt-Nielsen SA has been indicted in Philadelphia for price-fixing and other illegal cartel activities in the parcel shipping industry.
Admiralty Casebook
Vessel detention a normal risk in salvages: court AN ENGLISH court recently upheld a time charterparty under which the salvor of the vessel Tasman Spirit had brought in a shuttle tanker to help in salvage operations off the port of Karachi in Pakistan.
Russian giant tanker tie-up becomes reality RUSSIAN shipping's long-awaited marriage between tanker giants Sovcomflot and Novorossiisk Sea Shipping yesterday looked to have come a step closer with a veiled blessing from the Kremlin.
'One in six at risk of cancer' at Alang ALMOST one in every six workers at the world's largest shipbreaking yard at Alang could be suffering from an early stage of asbestosis and are at serious risk of contracting lung cancer, according to an expert committee set up by India's Supreme Court.
NCL makes move on megaship market with $2.8bn Aker order NORWEGIAN Cruise Line is the latest cruise company to enter the megaship market after announcing a €2.17bn ($2.8bn) deal with Aker Yards for two 150,000 gt ships and an option for a third, writes Sandra Speares.
IMO voluntary audit scheme criticised for lack of transparency MARITIME unions say IMO's much-trumpeted Voluntary Member State Audit Scheme will lack teeth and do nothing to increase transparency in the war against substandard shipping.
34 rescued as vessel sinks COLOMBO 07 September ' Thirty-four Bangladeshis, including an unidentified number of passengers, were rescued today from a stricken general cargo ship off southern Sri Lanka
Sun Ace pleads guilty to polluting SOUTH Korean operator Sun Ace Shipping has pleaded guilty in the US District Court in New Jersey to one count of violating the Act to Prevent Pollution from Ships
Freight focus for tunnel talks MANAGERS of Eurotunnel are locked in talks to reach agreement on freight train subsidies: ferry and short-sea operators are watching closely
Norway-UK ferry rationalisation A rationalisation of ferry services between the UK and Norway is taking place in a two-pronged action involving DFDS and Fjord Line
NCL places mega-order in France NORWEGIAN Cruise Line is poised to enter the post-Panamax arena through a conditional $2.8Bn order in France for two 150,000-gt vessels plus an option for a third
CVRD drops Nacala coal export option BRAZILIAN mining giant Companhia do Vale de Rio Doce has dropped a plan to use the port of Nacala in northern Mozambique to export coal
Rotterdam's interim results reveals Barclays settlement The Rotterdam Port Authority managed to keep the €19m (US$24.33m) claimed by Barclays Bank in one of the 'Rottergate' lawsuits, it emerged today, in the announcement of H1 financial results.
COSCO Pacific H1 net profit down COSCO Pacific says its interim figures were dragged down by CIMC's share reform compensation scheme and the poor performance of CIMC and its terminals in Hong Kong and Antwerp.
Citigroup outlines 2007 rates crunch points
Weather closes Sydney
HPH to invest US$520m Ecuador terminal
Yellow Sea gets more feeder loops
Russia to open bilateral WTO negotiations with US
International trade the key to Vostochniy recovery
NZ's Lyttelton and Tauranga struggle
Itajai blockade fishermen to take fuel-price protest to minister
NCL returns to Chantiers Cruise line places first order since 1980s at Aker's new French subsidiary.
Assassination on ropax The murder of a provincial politician has Filipinos arguing over port security ahead of a Southeast Asian summit meeting.
Stolt indicted Two Stolt-Nielsen companies and former executives Samuel Cooperman and Richard Wingfield face fines, prison terms if convicted on US antitrust charges.
Latvian mud sling Austrian investors and Latvian politicians are trading accusations in a takeover battle for the company that controls Latvian Shipping.
GE takes first capesize Indian owner Great Eastern Shipping remains mum on identity and purchase price of bulk carrier.
Vinalines to build yards Vietnam's state shipowning company Vinalines is diversifying into shipbuilding and repair.
Irish Ferries up on crew cuts Parent Irish Continental Group sees switch to cheaper crew push up first half earnings.
War drums over Filipino payouts Industry beats out warning over $60,000 payouts to sick seafarers including a cruiseship drummer.
Banned from US waters A Korean bulker owner will not be trading to US ports for the next three years as part of a 'magic pipe' plea bargain.
Ultrapetrol yields South American operator's bonds offer high returns despite dim prospects for tanker fleet.
Enzian Shipping goes dry Swiss short sea operator bans alcohol after drinking causes double trouble.
Greek ship gets weapons check Cypriot authorities search for illegal military equipment on vessel bound for Syria from North Korea.
ASL shoots up 10% Thirteen million shares in Singapore builder and barge owner change hands on reports of more orders.
Maersk back for more SvitzerWijsmuller, AP Moller's towage and salvage arm, has spent close to $20m on Adsteam shares.
Drilling rig shortages forecast A shortage of 33 jack-ups and 23 semi-submersible drilling rigs is forecasted by research company ODS Petrodata analyst ...
Bulk carrier needs repair after grounding The Cyprus-registered bulk carrier "Velos", which grounded in Danish waters this the weekend, is in need of repaires before ...
Aker Yards to build duo for EUR 1.5 billion Aker Yards has received an order from the Star Cruises subsidiary Norwegian Cruise Line for two cruise ships to be ...
Court relaxes prison term for ship engineer Appeals court ordering re-sentencing as lower court imposing new ship ban.
Work begins to remove bunkers from 'historic ship' 75-year old fuel oil has been polluting Californian resort.
DOE: Latest key US oil inventory figures
Weekend move for London-based broker Davies & Newman Wake Ltd. will be at new address from Monday.
Fuel oil glut could be a long-term feature of energy markets Demand for light, refined products is pushing up fuel oil output.
Bunker prices increasing in Rotterdam market
Chemoil announces new Singapore location Company moves and changes name to Chemoil International Pte. Ltd.
Vysotsk: Ceremony marks completion of Lukoil terminal Ceremony this week to mark completion of construction of the LUKOIL-II distribution and transshipment complex on Vysotsky Island.
Singapore: Fuel oil stocks drop to eight-week lows Inventories fall for the third week in succession.
Oil company urged to do more as oil spill clean-up continues Philippine President pledges those responsible will be brought to justice.
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