Egypt to get US$30b in Gulf investment A GROUP of UAE and Bahrain entities has set up a US$1 billion holding company to invest in infrastructure projects worth US$30 billion in Egypt.
Aker Yards' core profits jump 59% NORWEGIAN shipbuilder Aker Yards ASA reported a bigger-than-expected 59 per cent jump in core profits yesterday and said it expected activity to stay high, but its shares fell as margins disappointed the market.
Hapag-Lloyd, Evergreen to raise rate to ship lumber from US HAPAG-Lloyd AG, Evergreen Marine Corp and nine other shipping lines plan to increase the rate for moving lumber, wood pulp and other forest products to Asia from the United States to recoup part of higher costs.
Torm's profit falls 6% to US$80.8m in Q2
Not shipshape
Strait Talk
Bunker prices to feature at Sibcon THE major corporate shipowners have been announcing their interim results over the past couple of weeks.
Egypt to get US$30b in Gulf investment A GROUP of UAE and Bahrain entities has set up a US$1 billion holding company to invest in infrastructure projects worth US$30 billion in Egypt.
Aker Yards' core profits jump 59% NORWEGIAN shipbuilder Aker Yards ASA reported a bigger-than-expected 59 per cent jump in core profits yesterday and said it expected activity to stay high, but its shares fell as margins disappointed the market.
Hapag-Lloyd, Evergreen to raise rate to ship lumber from US HAPAG-Lloyd AG, Evergreen Marine Corp and nine other shipping lines plan to increase the rate for moving lumber, wood pulp and other forest products to Asia from the United States to recoup part of higher costs.
Torm's profit falls 6% to US$80.8m in Q2
Not shipshape
Strait Talk
Bunker prices to feature at Sibcon THE major corporate shipowners have been announcing their interim results over the past couple of weeks.
DP World wins London Gateway boost DUBAI port operator DP World has been given 10 weeks to submit final plans for the London Gateway container port development.
Fire crews struggle to control reefership blaze at Lloyd Werft FIRE fighters were still struggling to bring the fire on the reefership Cala Palma under control last night at Lloyd Werft shipyard in Bremerhaven.
Piracy fall marred by kidnap US NAVAL monitors have reported that pirate activity off Somalia has dropped significantly, just days after Lloyd's recognised a decreased threat in the Strait of Malacca.
India bids for Nigerian oil refinery India's continuing efforts to secure energy supplies have taken a significant step forward with state refiner Indian Oil Corp preparing a $2bn investment in a bid to set up a 6m tonnes per annum refinery in Nigeria's Edo state.
Basque $50m Prestige claim fails A US district court judge has ruled against Basque communities seeking to recover $50m from classification society ABS for environmental damage following the sinking of the tanker Prestige.
Caymans to build cruise pier GRAND Cayman will finally construct a dedicated cruise pier after years of resistance, according to Cayman Islands tourism minister Charles Clifford
Market reacts to Prudhoe Bay IN an apparent reaction to BP's temporary shutdown of its Prudhoe Bay oil production, the tanker market has seen an unusually large number of vessels fixed to the US
NorthLink struggles to cope JUST one month into its new northern isles contract from the Scottish Executive and NorthLink Ferries is struggling to cope with passenger numbers
London backs plan for 3.5M-TEU hub The British government reaffirms its support for a major container port to be built on the Thames by Dubai's DP World.
UK still 'minded to approve' London Gateway, but not satisfied yet P&O Ports/DP World's wait for a London Gateway decision was extended a little longer by today's update from the UK government, which said port-capacity was needed, but so were road-infrastructure guarantees.
Mexico maps out new port Mexico's Secretary of Communications and Transport has published the co-ordinates of a proposed US$6bn port development in Baja California, paving the way for a concession later this year.
Big remains more beautiful, in charterers' eyes
Deeper Adelaide open for business
COSCO Pacific confirms Fujian investment
Container volume between China and Japan surges
Federal Reserve concedes US economic slowing, with rate-hold
US law v Spanish law ABS has scored two points in fighting Prestige oil spill claims -- including a ruling that pits US against Spanish 'national interests'.
Bullish on Genco and bulk Good rates now plus demand outstripping supply equal firm future bulk markets, says Lazard as it revives shipping research.
US cruise op abandons Great American River Journeys goes nowhere after 2006 cruise season cancelled.
Odfjell caught again Already-blacklisted Norwegian owner has another chemical tanker detained in US as Bow Cheetah is held in New York.
John F keeps the faith Hemen buys into Golden Ocean as drybulk spinoff issues equity, sells Jinhui stock to pay for Clipper deal.
Four kidnapped off Nigeria Two Norwegians and two Ukrainians snatched from Trico Supply AHTS off Africa's west coast.
French yards float Aker's boat Acquisition of two Alstom yards in June helps Aker Yards to near 30% increased second-quarter net profit.
Ulstein back in black Norwegian shipyard group turns around 2004 loss to record an $11m gain last year.
More firsts for Seaspan Order for four 5,100-teu newbuildings creates new relationships with MOL and Hyundai Heavy.
Naikai Zosen sees red again Japanese shipbuilder returns to quarterly loss but expects things to pick up later in the year.
Torm raises the bar Full-year pre-tax profit forecast swells by $40m at Danish tanker and bulker owner on the back of firm product tanker rates.
Norwegians kidnapped from vessel off Nigeria Two Norwegians ' the captain and the chief engineer ' and two Ukrainians were kidnapped from the Trico Supply vessel, Norwegian flagged ...
Swedish employees on board Danish ferries risk a tax liability Swedish employees on board Danish ferries under Danskt internationellt skibsregister (DIS) flag risk a tax liability. This affects HH-ferries ...
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