Goldman Sachs bullish on ocean dry freight STRONG dry commodities freight rates should rise further in the final quarter and in 2007 on utility demand, booming China trade and slowing ship orders next year, investment bank Goldman Sachs said in a report last week.
DP World, made to sell US ports, is security certified DP World, the container port operator forced to agree to sell six American terminals on security objections from US lawmakers, said it became the first company in its industry to be awarded an ISO security certificate.
CMA CGM joins giant boxship race with $1.2bn surprise order THIRD-ranking container line operator CMA CGM has joined market leader AP Moller-Maersk at the head of the race for greater containership size, placing a $1.2bn order for eight 11,400 teu vessels with the world's leading shipbuilder Hyundai Heavy Industries.
Megaship deal tops year-long order spree HYUNDAI Heavy Industries has been steadily winning orders for large containerships over the last few months even before Friday's massive $1.16bn deal.
Doubts arise over Solar I cover THERE are question marks arising over the insurance cover on the tanker Solar I, which sank three weeks ago, causing the Philippines worst ever oil spill, writes Marcus Hand in Singapore.
Syria-bound cargoship held on suspicion of arms smuggling A GENERAL cargoship sailing from North Korea to Syria has been held in Cyprus after the discovery of trucks fitted with surveillance and tracking devices on board.
CMA CGM forced into mega-order MARSEILLES 08 September ' French liner operator CMA CGM has confirmed rumours that it is to order eight 11,000-teu container ships from Hyundai Heavy Industries
Lebanon port blockade goes on ISRAEL'S blockade of ports in Lebanon is continuing until it becomes clear which country's navy is taking control of the UN force, according to agency reports
Pakistan flag grows with feeder vessels PAKISTAN'S flag register has started to grow with the registration of two privately-owned container vessels
IRISL to help rebuild Umm Qasr ISLAMIC Republic of Iran Shipping Line (IRISL) is being tasked with renovating and equipping the Iraqi port of Umm Qasr
Fatal shooting on Phils ferry A FERRY passenger shot and killed a former Philippines provincial governor on a Sulpicio Lines vessel at Cebu this morning
Salvage plans for grounded bulker SALVAGE plans are being developed today to free the Greek-flagged bulker Toro, which remains hard aground at Lighted Buoy 1 in the St Lawrence Seaway
TSA invites bids for port ID program Federal agency selects finalists to bid for system that will support the Transportation Workers Identification Credential anti-terror program.
Mixed progress on N. American trade, security measures
Transport index falls
Trade threatened by extraterratorial laws: ICC
Korea lifts U.S. beef ban
Air France-KLM cargo keeps climbing in August
U.S. bans South Korean carrier in oil-dumping case
Update: Combined port security bills reach US Senate Measures from three port security bills have got an early debate in Congress's first week back, with a new, combined port security bill being debated in the US Senate today.
NRF says California box fee violates constitution The National Retail Federation opposes a US$60/box fee on all containers handled at California's ports, saying the charges violate treaties, international law and the Commerce Clause of the US Constitution.
Hyundai to build eight Titans for CMA CGM
Canadian ports could benefit from looming US capacity shortfall
Canberra to maintain Bass Strait subsidies
South Korea to develop container terminal at Pohang
JP Morgan predicts Tianjin profits will more than double
Stolt's $200m headache US indictment claims Stolt and collaborators gained $100m from antitrust scheme, making potential criminal penalty double that amount.
Crew shortage worsens Employers warn both quantity and quality of supply are under severe strain.
Skaugen in further China link Norway's IM Skaugen sets up another Chinese company to manage gas carrier newbuilding programme.
Olsson pays top dollar "Crazy" owner is paying $1,000-a-day extra for Swedish crews on ice-class tankers in sensitive Baltic.
Shun Tak recovers Hong Kong ferry operator on the mend after last year's profit slump.
CMA CGM in huge order French liner giant ups the ante in bid to outdo Maersk with $1.2bn order of eight ships at Hyundai Heavy Industries.
More sales at OMI General counsel Fred London the latest to divest shares though no word on his motive.
NCL relegated Cruise line loses B1 credit rating after yesterday's three-ship order in France.
RCL raises funds Money will go towards paying for two container feederships Thai owner has on order in China.
SeaDrill bid for Eastern Drilling Bermuda-based rig owner/operator SeaDrill ' 36 per cent owned by John Fredriksen ' has now secured over 60 per cent ...
Prosafe in two minds about FPSO consolidation Prosafe ' one of the world leaders in floating production, well intervention, service rigs and accommodation rigs ' is still mulling its ...
Houston finally drops through price floor Prices below $300 on tumbling crude, but other US ports ambivalent.
Special deal on IF0180 offered Caribbean supplier touting reduced price for sizable stems.
Relief at Addax following release of Luchegorsk Precedent of Saiga case proving useful in securing swift resolution to latest bunkering dispute.
WFS shareholders get regular quarterly dividend
South Africa: Shortages begin to ease Buyers begin to recover confidence in Cape Town supplies.
Pollution fund could pay out $315 million Oil company urges swift pay-outs to fuel oil spill victims.
Some Rotterdam suppliers fully booked near term
Newly licensed bunker company to build facility in Shanghai Chinese report speaks of 'worries' over whether liberalised market can be properly controlled.
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