UAE company poised to oversee six US ports US lawmakers and others have raised concerns that Dubai's DP World is poised to take over significant operations at six American ports with its purchase of the United Kingdom's Peninsular and Oriental Steam Navigation Co.
Morgan Stanley lowers ratings on Asian lines EVERGREEN Marine Corp, China Shipping Container Lines Co and other Asian shipping lines had their stock ratings and earnings estimates cut by Morgan Stanley, which cited a decline in cargo rates.
Rotterdam Port, Vopak start work on jetty ROTTERDAM Port, the world's second largest, and Royal Vopak NV, the world's largest oil and chemicals tank-storage company, began building Rotterdam port's largest jetty, to keep pace with rising oil volumes.
Zhenhua bags US$200m deal
Strait Talk
Those other ferry tragedies LAST week this column was focused on the Red Sea ferry disaster, for obvious reasons.
UAE company poised to oversee six US ports US lawmakers and others have raised concerns that Dubai's DP World is poised to take over significant operations at six American ports with its purchase of the United Kingdom's Peninsular and Oriental Steam Navigation Co.
Morgan Stanley lowers ratings on Asian lines EVERGREEN Marine Corp, China Shipping Container Lines Co and other Asian shipping lines had their stock ratings and earnings estimates cut by Morgan Stanley, which cited a decline in cargo rates.
Rotterdam Port, Vopak start work on jetty ROTTERDAM Port, the world's second largest, and Royal Vopak NV, the world's largest oil and chemicals tank-storage company, began building Rotterdam port's largest jetty, to keep pace with rising oil volumes.
Zhenhua bags US$200m deal
Strait Talk
Those other ferry tragedies LAST week this column was focused on the Red Sea ferry disaster, for obvious reasons.
Pod woes force Queen Mary 2 back into dry dock CUNARD flagship Queen Mary 2 is to be drydocked for six days at Blohm+Voss' Hamburg yard in May to remove a propulsor pod damaged when leaving Port Everglades last month.
Europe yards stage recovery of Titanic proportions European shipyards have recovered from the worst crisis since the Second World War by posting the best performance of any economic region in the world.
Shipowners slam failure to enforce Singapore bunker supply standards DESPITE a raft of bunker regulations and quality initiatives introduced by the Singapore authorities, shipowners are still complaining of being short changed by suppliers.
MSC threat to Alstom-Aker deal ALSTOM Marine's biggest customer, MSC Cruises, has warned that it could challenge Aker Yards' planned takeover of the French shipbuilder before the European Commission.
Cruise sector suffers Grease Lightnin' THE owners of the rights to the Broadway musical hit 'Grease' have filed suit against the majority of the North American cruise sector
Knightsbridge decides growth course KNIGHTSBRIDGE Tankers has reported a significant profit fall-off compared to 2004, and its board has decided to pursue further growth within its existing business sector
Spain regroups in yard feeding frenzy BILBAO shipyard Astilleros Zamakona has presented a dramatic last-minute bid for the publicly-held Sestao shipyard
Sagunto receives first LNG shipment SPAIN'S new euro340M LNG regasification facility at the port of Sagunto is receiving its first shipment of LNG
Genco first year solid BULK newcomer Genco Shipping & Trading closed its first year with profits of $54.5M and has put in place a solid foundation for future growth, according to its president
Murmansk tables two box projects The search for alternative cargo-routes has put Murmansk on the table alongside other plans for Northwest Russian container-handling development in the near future, with at least one project already underway.
Queensland Rail and Babcock & Brown snap up ARG Australia's rail freight market has contracted to just two major players following today's sale of the Australian Railroad Group for A$1.3bn (US$960m).
Voting in CI Awards ends Friday Readers' last chance to vote in the first CI Awards will end on Friday February 17, winners will be announced at the CI Awards 2006 ceremony, IN New York on March 23.
Maersk move shakes up Caribbean transhipment
MOL's Vietnam/HK service to expedite North American transits
HPH set to make first NZ investment
Mediators called to evaluate ESM joint venture
Australian Customs finally reviews the troublesome ICS
Evergreen and Cosco continue co-operation with new Asia-US service
CMA CGM replaces Asia-Black Sea partnership with solo service
Thunder Bay remains key CP centre, despite paper cuts
Opposition brewing to Indian ruling on overloading
Passengers flee Riga Latvia's Freeport of Riga continues to lose passengers by thousands after the collapse of a ferry operator.
Seaspan signs Coscon first Owner agrees first ever charter with Chinese giant after snapping up containership resales from Conti.
LSC auctions oldies Lithuanian owner reduces fleet with sale of two 1970s-built bulkers.
WAM 'to double fleet' Indian bulker owner West Asia Maritime (WAM) is signalling ambitious growth plans to match those of its parent ETA-Ascon.
Then there were four Only four shipyard groups remain in contention for massive Transpetro tanker tender in Brazil, but Daewoo and STX to appeal disqualification.
Ship explodes during blaze Firefighters struggle to contain fire on vessel at shiprepair yard in Azerbaijan
Ince shakes it up in the 'Mushroom City' UK law firm opens office in the fastest growing city on earth.
Strong 2005 for Sembcorp Shiprepairer and rig builder benefits from high oil prices and strong freight rates.
Imarex hit by falling markets Oslo derivatives exchange builds number of trades in 2005, but sees profit slump.
MOL adds to Vietnam network Japanese shipping giant launches boxship feeder link to Hong Kong.
Finnlines profit drops 40% And problems already in 2006 as ro-pax delay hampers summer ticket sales.
Siem orders again Norwegian group signs for third offshore ship this week, this time at Kleven Maritime.
Aker rolls on Expanding Norwegian yard group builds earnings from offshore vessels and containerships in 2005.
Genco up on third quarter Peter Georgiopoulos' US listed bulker operation ends 2005 with 20% plus jump in net profits.
Knightsbridge shows improvement Traditionally strong fourth quarter helps to lift bottom line at Frontline-managed VLCC operator.
Oglebay sells Reserve Great Lakes shipowner disposes of ship and says terms of fleet sale continue to be negotiated.
Crew is to leave bulk carrier A court in Fredericia yesterday ruled, that the crew from the bulk carrier "M. Pioneer" is to leave the vessel ...
Maersk Line vessel lost containers in bad weather The Maersk Line container vessel "P&O Nedlloyd Mondriaan" lost some 85 containers during a voyage from Rotterdam to Hamburg ...
Oil at six-week low, drags bunker prices down Crude posting new low levels today with US bunker prices softer in key ports.
Damaged tanker safe in Port Angeles Tesoro tanker due in Puget Sound for inspection and cargo unloading after running aground in Alaska.
Japanese lines' outlook, shares, hit by fuel cost Japan's three biggest shipping lines have lowered their full-year operating profit forecasts as surging bunker costs, combined with a drop in freight rates, are expected to bite.
Lower fuel oil arrivals keep markets supported European traders capitalise on strength in Asian markets as low March fuel oil arrivals and pricing play keep markets supported.
Rotterdam market holds steady Tuesday morning
Broker warns of pitfalls of following price over service Bunker fuel prices are set to remain high until end-2006, but this should not coerce buyers to acquire cheaper priced bunkers OPL, says broker.
Burning gas may be an option for marine fuel CIMAC to look into burning gas as marine fuel, as emission concerns loom large.
DNVPS introduces Total Fuel Management Solutions DNVPS is introducing a concept of Total Fuel Management Solutions aimed at meeting the current and long-term needs of ship operators.
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