Global union warns of abuses of seafarers A new report by global union, the International Transport Workers' Federation , has warned of the 'hidden horror' of routine human rights abuses of seafarers due to systemic failures in the international regulatory process.
British ports to fall into foreign hands THE vast majority of British ports - including Southampton, Immingham and Port Talbot - are poised to fall into foreign hands with an agreed bid from a consortium led by American bankers Goldman Sachs close to completion, according to a report in The Guardian.
Hyundai Heavy buys Merchant shares HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said its 18.4 per cent stake in South Korea's largest shipping company will be diluted, after it agreed to buy new shares sold by Hyundai Merchant Marine Co.
Costa lines up €1.17bn newbuild trio COSTA Crociere has placed orders for three new cruiseships. Two, worth €420m ($490m) each, are for its own fast expanding fleet while a third € 330m order has been placed for German market specialist Aida.
Goldman-led ABP deal expected by weekend THE Goldman Sachs-led '2.5bn ($4.6bn) takeover of Associated British Ports could be concluded by the end of this week, according to press reports.
Navarro backs Panama Canal expansion PANAMA'S president will formally present to the country's parliament the $5.25bn Panama Canal expansion plan in the next few weeks, as a step towards a national referendum on the issue by the end of the year, writes Julian Bray.
Tallink swoop ends months of speculation over Silja Line's fate ESTONIAN company Tallink has brought to an end almost a year of speculation surrounding the future of Sea Container's Finnish ferry business Silja with a successful'469m ($548m) offer.
Maersk megaship damaged by fire at Odense DELIVERY of Maersk's first 11,000 teu containership is expected to be delayed after the ship, under construction at Odense shipyard, was severely damaged in a fire last week, writes Sandra Speares .
Stock issue to raise funds for raid TALLINK is to issue new stock worth €50m ($63m) to help finance its move on Silja Lines.
Hurricane warning for Tampa THE season's first tropical cyclone formed over the weekend in the north-western Caribbean and drenched western Cuba with about 46cm of rain in a day
Turkish bulker still aground TURKISH-registered bulk carrier Kiran Asya ran aground west northwest of Mapun Island, Tawi-Tawi in the Philippines during the weekend
KG financier to launch in Hungary AFTER a successful product launch in Austria, German KG financier HCI Capital is now making a foray into the Hungarian market
Goldman Sachs closes in on ABP An international consortium led by Goldman Sachs is rumoured to be very close to making a full bid for ABP Holdings, the UK's largest port operator
Tropical storm spurs port warnings Some Florida ports were under hurricane warnings and others were bracing for high winds, heavy rain as Tropical Storm Alberto churned in the Gulf.
David Lim's NOL departure prompts global CEO search David Lim, who has been group president and CEO of Neptune Orient Lines since July 2003, is to leave the company in H2 this year.
HHI to participate in HMM's capital increase programme South Korea's Hyundai Heavy Industries announced today it will participate in the capital increase programme of Hyundai Merchant Marine, which initially aimed to prevent HMM from possible HHI's hostile takeover.
Jakarta woos investors back to BIP with promise of better business regulation
JadeWeserPort holds planning hearings
Labour agreements aim to release Marseilles from growth-constraints
DPW appoints consultant for Vallarpadam terminal
China strengthens land network with ASEAN countries
Central Asian road links to China increased
NYK Line sails into Black Sea region, with start of new feeder
Demand pushes up frequency of Gwangyang-Seoul rail service
Atlantic hurricane season opens, with Tropical Storm Alberto
Carnival orders three Fincantieri and Meyer Werft the chosen ones for huge $1.47bn three ship order from Carnival Corp.
Saudi six-pack National Chemical Carriers is boosting its chemical carrier fleet to 23 with a six-ship order at Korea's Shina Shipbuilding.
One missing off New Zealand Search stood down for Chinese seafarer overboard a Taiwanese tanker outside Wellington Harbour.
Teekay spins off shuttles, FPOs Vancouver group to repeat successful formula of Teekay LNG, as board authorises more share buybacks.
Varun waits a little Indian tanker and gas carrier owner not filing full Singapore listing prospectus until markets improve.
Zim Asia prosecutors call witnesses Israelis want testimony from surviving Japanese fisherman plus other Japanese nationals in boxship collision case.
Coming to a stock market near you... DVB Bank is all set to underwrite IPOs in the US, now it just has to win mandates.
Tallink seals Silja deal Estonian ferry owner to pay Sea Containers $594m in cash and shares for Sea Containers' Finnish operation, making it a major power in the Baltic.
Vroon back at ABG Dutch owner repeats order for diving support ship at Indian yard.
Suez Canal breaks record May revenues are highest monthly total ever for Egyptian waterway.
Star buys four Norwegian reefer owner exercises purchase option of four chartered-in vessels for $31m.
Silja deal vital for struggling SeaCon Ferry and container group desperate to bank Tallink's cash as it faces big interest payments and settlement costs in GE SeaCo dispute.
Jinhui back at Oshima Recent seller turns buyer with $30m order for handymax at Japan's Oshima Shipbuilding.
Master gets life Skipper of Champion Pioneer to spend rest of his days behind bars for ship killing of crewman.
Pappadakis joins GOC Greek owner and Intercargo chairman named as non-executive director at Global Oceanic Carriers.
Tallink buys Silja The process to find a buyer for Silja Oy Ab has finally come to an end as AS Tallink Grupp ...
Tallink continues under the same flags On a press conference in Tallinn the CEO of Silja Oy Ab Antti Pankakoski and the CEO of AS Tallink ...
Container newbuilding damaged by fire Late Friday evening last week, a fire broke out onboard a new container ship, hull no. 203 at Odense Shipyard ...
Argentina suppliers react to MGO shortage rumours Avails reported as good, but advising to book ahead during coming months.
Florida supplier ready for season's first hurricane Heavy rain and storm surges predicted, but no disruptions to services yet.
Eight double-hulled barges for K-Sea New York barge company outlining replacement and expansion plans.
New bunkering vessel celebrated in Antwerp Oil major plans to use new tanker to service low-sulphur market in the region.
Rotterdam: Overall Q1 throughput stable year-on-year The port of Rotterdam provides a number of reasons why the port failed to maintain the growth seen in 2005.
China: JV agreements finalised for oil and petrochemicals terminal JV companies formed for operation of terminal and jetty facilities at new state-of-the-art complex.
New bunkering team member for Curoil
Dubai exchange planning Q4 launch of fuel oil contract New product launched at DGCX today, two new future contracts planned for Q4.
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