Asian shippers boost surge at southern US ports CARGO ships loaded with sports shoes, cutlery and other Asian imports are increasingly bypassing West Coast docks for longer voyages to thriving seaports in the southern United States.
Box handling by PSA, Jurong Port continues to rise GROWTH in containerised cargo volumes which helped Singapore overtake Hong Kong as the world's busiest container port last year has continued, with both PSA International and Jurong Port handling an increased number of containers last month.
Hutchison to invest in New Zealand's Lyttelton Port HUTCHISON Whampoa Ltd, the world's largest port manager, will buy a stake in New Zealand's biggest coal-shipment facility, making its first investment in the southern hemisphere to tap growing exports to China.
French asbestos ship: Indian court seeks details
Frontline may place US$420m supertanker order
China's African oil fields may boost tanker demand
P&O shareholders vote to accept DP World takeover P&O SHAREHOLDERS voted overwhelmingly in favour of DP World's $6.8bn takeover offer late yesterday but not before the board had faced angry questioning over the sale of the company to a foreign buyer from a small but vociferous band of opponents.
Merchant Navy pension fund hit by P&O pull-out P&O is to cease payments of around £6m ($10.4m) a year to the Merchant Navy Ratings Pension Fund.
Mergers are not on the agenda, says incoming DNV chief INCOMING Det Norske Veritas chief executive Henrik Madsen does not expect to see mergers and acquisitions of classification societies and says DNV will pursue growth in "other ways".
Marc Rich executives lead blank cheque IPO A GROUP of former Marc Rich executives is part of the promoting team behind a new blank cheque company seeking up to $172.5m to buy petroleum refineries, terminals or tankers.
Iraq suspends relationship with AWB THE Iraq Grain Board has suspended its business relationship with Australian wheat exporter AWB Ltd until the Cole Inquiry finishes its investigation into the exporter's oil-for-food kickbacks
INTTRA ramps up INTTRA'S global e-commerce platform has posted strong gains in recent weeks, adding two new carriers to its network ' MISC and CSAV
Belize, Guatemala talk maritime borders MARITIME borders between the Central American countries of Belize and Guatemala were again on the negotiating table last Friday in Washington, DC
Court passes Clemenceau buck INDIA'S supreme court today passed the onus of deciding whether to admit the French aircraft carrier Clemenceau back to the Union government and Customs department
Berlin calls for next maritime round table THE German federal government has called for a fresh dialogue with ship owners, builders and trade unions over its future maritime policy
Norddeutsche cautions investors PRIVATE investors in Germany have to look hard for decent KG shipping funds as margins are being squeezed, says KG veteran Norddeutsche Verm'gen
P&O shareholders approve DP World bid The vote is the last major hurdle to the Dubai company's acquisition of P&O, which has 29 container terminals worldwide.
COSCO outlines plans for Greek port operations COSCO Pacific revealed its plans to Greece's Port of Piraeus in the first round of discussions with Piraeus Port Authority and the country's Ministry of Merchant Marine, today.
Indonesia planning Lamong Bay as Tanjung Perak alternative Indonesia's Pelindo III is targeting an April tender for construction of Lamong Bay box-terminal, but this depends partly on consent from P&O Ports, which has interests at nearby Tanjung Perak.
Korea/China volumes induce new services
CTOA to meet India's trailer overloading restrictions
Long Beach: terminal 'back to normal' after plane crash
Heavy New York/New Jersey snow causes disruption
Comments period closing on POLB Middle Harbour reorganisation
P&O sale to DP World voted through by shareholders
Six on Hong Kong list PDZ and DS Schiffahrt boxships feature on January's detention rap sheet.
Give us your money New blank cheque IPO targets energy sector but investments could be in refineries, terminals or tankers.
Cosco Singapore booms Healthy dry bulk shipping and vessel repair markets result in record figures for Singapore listed offshoot of Chinese maritime giant.
Citius costs hit $5.6m Repairs to Aries Maritime Transport products carrier that had deck crack patched with 'plastic steel' to take four months.
Louis adds cruise ship Cyprus based cruise line splashes out $35m on Birka Princess to lift its fleet to a dozen.
Dubai seals P&O victory Shareholders vote 99.5% in favour of selling historic UK shipping company.
Arroyo confirms Hanjin yard Philippine president says Korean shipbuilder to spend $1bn on building world's fourth-biggest shipyard in Subic Bay.
MSC fears cruiseship duopoly Italian owner to protest to EU over Aker's takeover of Alstom yards, leaving it and Fincantieri as giants in the field.
Trogir takes the money Croatian yard secures loan to help with busy production schedule and restructuring programme.
Siem takes options Norwegian offshore player adds final two supply ships to order at Aker Brattvaag.
One dead in yard accident And another worker injured in incident on FPSO at Keppel shipyard in Singapore.
Baltic moves to cap stakes Exchange launches share buyback initiative as it looks to prevent concentration of ownership.
Ecstasy breaks loose Carnival ship housing New Orleans police post-Katrina goes adrift after high winds snap mooring lines.
Sanko charters out Angel Japanese owner secures employment for up to three years for subsea operations vessel newbuilding.
Baltic Sea accidents on the rise A new report from the Helsinki Commission, Helcom, shows that there were 121 ship accidents in 2004, double up compared ...
Louis buys "Birka Princess" Louis Public Company, Cyprus, buys the cruise vessel "Birka Princess" from the Åland-based shipping company Birka Line for USD ...
"Safe Concordia" to the Gulf of Mexico Consafe Offshore AB has received a contract from Interpetroleum Services Ltd, a subisidiary of Cotemar SA, for a bareboat charter ...
Petrobras frees grounded bunker tanker Company inspecting hull for damage after fuel lifted from vessel.
Cruise ship fuel subsidy proves popular Port San Francisco emissions project subsidising fuel switching for cruise ships proving to be popular and cost effective.
Singapore: MPA reveals top 20 suppliers by volume Figures released by the MPA have shown that oil major, BP has retained its position as the top supplier by volume in the world's largest bunkering hub.
Nigeria: Supplier to invest in bunker hub development Supplier plans to invest several million dollars on developing a bunker port to service all types of vessels calling in Nigeria.
Shell & ONGC explore cooperation for marine fuels & lubes Oil major Shell and Indian oil company sign comprehensive MoU on cooperation across the full range of upstream and downstream activities, including the marine fuels and lubes markets.
Rotterdam bids/offers $10 apart mid-morning
Singapore: Universal Terminal brings on Chinese partner Singapore oil trader, Hin Leong, has found a Chinese partner for its Universal Terminal on Jurong Island.
O.W. Bunker sets up new Madrid office Branch manager appointed to take position in O.W. Bunker Group's new office in Spain.
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