UK to keep free trade policy on takeovers BRITAIN does not share US concerns about the threat to national security of foreign port ownership.
Overseas Shipholding has US$1.7b available for acquisitions: CEO CRUDE oil and petroleum shipping product company Overseas Shipholding Group Inc has US$1.7 billion available for acquisitions to become market leader in all its key business groups, the company's top executive said.
Oil tanker rates to Asia may hold at 9-mth low DECLINES in the cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers may end this week as oil companies and traders finish bookings for April and wait for loading-dates for May cargoes.
Brussels ring of steel for terror target ports BRUSSELS plans to identify ports across the European Union which are "critical" to the functioning of the European economy in order to provide them with extra protection from potential terrorist attacks.
Globus offers cash injection for GO Carriers GLOBUS Shipping, managed by Stelios Haji-Ioannou's former top aide George Karageorgiou, has emerged as one of the parties stalking undervalued London-listed dry bulk company Global Ocean Carriers.
CMA CGM's MacAndrews in talks with shortsea rival Kursiu Linija MACANDREWS, the shortsea subsidiary of French container shipping giant CMA CGM, is in talks with Lithuania's Kursiu Linija, the two sides confirmed late Friday, writes Janet Porter.
Recent casualties 'a wake-up call to marine underwriters' MARITIME risks across the spectrum have been highlighted by three of the most serious recent casualties, leaders of the International Union of Marine Insurance have warned.
US river sector consolidates AMBASSADORS International will acquire the assets of hurricane-embattled Delta Queen Steamboat, creating a single dominant owner controlling the US riverboat sector
Omega prices below target MIXED-fleet operator Omega Navigation Enterprises has priced its IPO at $17/share, according to a prospectus filed with the Securities & Exchange Commission on 7 April
Part reprieve for Argentine beef exports BEHIND-the-scenes negotiations in Argentina have managed to secure an agreement between government and industry enabling a conditional resumption of beef exports
Bunker blaze at Kaliningrad THE self-propelled bunker barge Giovanna caught fire in Kaliningrad port on Wednesday evening, seriously injuring two crewmen and spilling an uncounted volume of fuel oil
AFL-CIO: Wal-Mart blocking port security Labor federation accuses retail giant of putting profits before supply chain protection by lobbying against increased port security legislation.
Bill would block S.C. Ports from building box hub
U.S.-Korea trade deal could hasten Japan pact
Freight index falls again
Public listing for Dalian port
Sanborn to head DP World Americas division
UPS expands China air service to U.S., Europe
Transfer fee for Tropical Shipping
Hostile $15B bid for BAA
CSXI again moving So. Calif. trains via New Orleans
False papers secure release of Maersk's Colombo boxes The fraudulent release of six 40ft containers in Colombo - without master documentation from carrier Maersk Line - has raised questions of documentation processes in the port.
Intra-European operators confirm Baltic co-operation discussion Intra-European operators Kursiu Linija and MacAndrews have confirmed discussing some kind of co-operation in the Baltic, where shortsea traffic has met fierce ro-ro and road competition, particularly since EU enlargement.
ACCC clears AELA over THCs
Singapore consults on retrospective ant-trust immunity
Post PAN, overseas carriers want cabotage clarification
Busan port throughput recovers in spring
San Antonio boss offers Mexican port as southern US gateway
Technical reasons hold back boxes on Estonian rail, but March volumes hit record
Two for Tesoro Leading US refiner takes two of the 10 Jones Act newbuildings under construction at Aker Philadelphia for 2009 delivery, bringing charter total to six.
Downer Shipping's newest IPO company loses a buck in its first day on Nasdaq while turning over 33% of issued shares.
Greepeace cans bean cargo Greenpeace's McDonald's protest spills over as Cargill-chartered vessel is held up in the Port of Amsterdam.
Omega prices at $17 Kassiotis-led products and bulker company floats 12m shares on Nasdaq exchange, yielding $204m gross but cutting four products newbuildings from original plans.
Greeks in GO Carriers raid Eolos owner George Fidakis bids to oust board of struggling bulk owner and force takeover plan.
WSF needs ships ' and cash US state ferry owner has to buy more vessels to meet growing demand, but funds are uncertain.
Sherwood named in lawsuits Sea Containers founder targeted in latest class action filings against stricken ferry operator.
Offshore supplies Labroy profit Offshore sector keeps Labroy Marine's yard busy but shipping division performs poorly in 2005.
Holland Maas boosts capacity Dutch boxship owner upgrades Med loop with bigger chartered ship.
Aker bags four more German KG (limited partnership) Nordcapital orders four supply vessels at Norway's Aker Yards.
More X-factor for Ulstein Island Offshore orders big construction vessel with Norwegian yard's new inverted bow design.
Tallink pockets $13m Estonian operator's fleet renewal programme continues apace with formal sale of Tallink AutoExpress.
Sanko Robust under tow Japanese owned open hatch bulk carrier under tow to Cyprus after grounding in Suez Canal.
ABG raising more funds Busy Indian shipyard to consider ways of bringing in more cash for expansion projects.
Omega price talk at $18 Kasskotis-led products/bulker company nears pricing on Nasdaq exchange just below target range, stunning critics and offering hope for others.
Report on groundings and collisions in Øresund The maritime safety level in the Sound (Øresund) between Denmark and Sweden seems to be rather high. That is a ...
Politicians turn down Stigsnæs terminal The project with a huge container terminal on Stigsnæs in Great Belt does not have a chance in the political ...
Houston prices set to fall Suppliers expecting market to soften later in April, despite recent firming.
EU could take unilateral action on fuel quality Dutch NGO says EU legislators may take unilateral action on bunker fuel quality if the IMO does not agree to improve quality requirements.
Supplier welcomes new staff member as team expands
Voyage slowdown as high prices take toll One of the world's leading tanker owners has warned that high bunker prices are impinging upon vessel transit times as tankers slow down.
Shell to produce low sulphur bunkers in Rotterdam Shell Marine Products reveals plans to produce low sulphur marine fuel oil at the Pernis refinery.
South Korea: Bunker prices on upward trend 380 cst prices are expected to hit $350 pmt while offers for small quantities of MGO were seen at $620 pmt.
Russian tanker up in flames Three explosions left a hole in the tanker, spilling fuel into the water.
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