Ship finance firm strikes US$90m deal SINGAPORE-based ship finance company First Ship Lease has announced a sale and leaseback transaction with Jakarta-based Berlian Laju Tanker .
PSA hires Morgan Stanley for bond sale: sources PSA International has hired Morgan Stanley to arrange a bond sale, a banker involved in the deal said.
Gulf tanker rates hold at 15-week high on demand THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers held at its highest in 15 weeks as bookings increase amid peak seasonal demand for oil.
Logistics
Pos M'sia seen cashing out of Transmile TRANSMILE Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares in the air-cargo company, said a report in Malaysia's Business Times.
Oil prices give Chinese steam trains new life CHINA is preparing to remove the last of its old coal-powered steam locomotives from the nation's rail tracks, but high oil prices may give the trains an extra lease of life.
Kuwait's PWC wins US Army's US$1.5b transport contract PWC Logistics, the Middle East's largest logistics company based in Kuwait, said that it has won a transportation contract with the US Army worth US$1.5 billion.
Ship finance firm strikes US$90m deal SINGAPORE-based ship finance company First Ship Lease has announced a sale and leaseback transaction with Jakarta-based Berlian Laju Tanker .
PSA hires Morgan Stanley for bond sale: sources PSA International has hired Morgan Stanley to arrange a bond sale, a banker involved in the deal said.
Gulf tanker rates hold at 15-week high on demand THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers held at its highest in 15 weeks as bookings increase amid peak seasonal demand for oil.
Logistics
Pos M'sia seen cashing out of Transmile TRANSMILE Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares in the air-cargo company, said a report in Malaysia's Business Times.
Oil prices give Chinese steam trains new life CHINA is preparing to remove the last of its old coal-powered steam locomotives from the nation's rail tracks, but high oil prices may give the trains an extra lease of life.
Kuwait's PWC wins US Army's US$1.5b transport contract PWC Logistics, the Middle East's largest logistics company based in Kuwait, said that it has won a transportation contract with the US Army worth US$1.5 billion.
ABP bid battle looms as £2.5bn offer sends share price rocketing ANOTHER bid battle could be in store after Associated British Ports accepted a firm £2.5bn ($4.6bn) bid from a Goldman Sachs-led consortium only to see the group's share price move tantalisingly beyond the offer level.
Last stab at antitrust deal by European liner lobby CONTAINER lines are preparing to call a halt to any further negotiations with Brussels over a new operating framework for the industry.
GL keeps its distance in twistlock debate CLASS society Germanischer Lloyd appeared to be distancing itself from the debate over fully automatic twistlocks yesterday by suggesting that stern designs may be the root of a series of recent container losses.
PSA bond issue will pay for Hutchison stake SINGAPORE port operator PSA plans to issue an offshore bond to fund part of its purchase of a stake in Hutchison Ports, a market source told Reuters yesterday.
Big spenders eye British port groups THE firm bid for ABP brings spending on the acquisition of quoted British port groups to more than '7.5bn in the past year.
Safety director sues BC Ferries BC Ferry Corp, operator of the ferry Queen of the North which sank on 22 March after hitting rocks off the Queen Charlotte Islands, is being sued by its safety officer
Varun postpones Singapore listing VARUN Shipping has postponed its Singapore listing because of the current volatility of the stock markets
Taganrog port falls to Lisin VLADIMIR Lisin, owner of the Novolipetsk Metallurgical Combine, Russia's fourth largest steel manufacturer, has beaten rival bidders to take control of Taganrog port
Ex-Celebrity master denies charges PERIKLES Petridis, the former master of Celebrity's Mercury accused of shipboard intoxication, has refuted the charges in recently filed court documents
Port of Seattle's Dinsmore retires Mic Dinsmore, who led the Pacific Northwest port to some of its fastest years of growth, announced he will step down early next year after 14 years as executive director of the Port of Seattle.
ABP succumbs to Goldmans Sachs' latest bid Management at Associated British Ports, which jointly operates Southampton and Tilbury Container Terminals, has agreed to sell its entire share capital to a Goldman Sachs led consortium.
Java exporters want dedicated cargo route after mud slide Indonesian exporters are urging the Indonesian Directorate-General for Land Transportation, Jasa Marga, to provide dedicated alternative routes for container trucks following the closure of Surabaya-Gempol toll road.
US Lines ignore the beautiful game as football fever heralds early charter summer
Emirates and ZIM delay launch of Asia Gulf Express
Boxes miss ships in latest JNP backlog
Japan finances Malacca Strait patrol boats
Strike raises spectre of higher Chittagong congestion charges
New kid on the block Incoming DNV chief executive Henrik Madsen explains how there will be no revolution at the classification society ' except when it comes to seafarer schooling.
Splosna Plovba battle not over Slovene bulker owner Splosna Plovba is denying that a 21% share that Peter Dohle has been chasing has been bought by a rival.
P&O Ports fined over death DP World's new acquisition to pay AUD 500,000 after worker crushed between containers in Australia.
Grindrod execs get the nod Heir apparent Alan Olivier shuffles top management ahead of his move in 2007.
Hasco fined in Taiwan Chinese charterer Shanghai Haihua Shipping (Hasco) fined for breach of law by German containership.
More 'sea rage' victims Two Filipinos stabbed by crewmate on a bulk carrier in Australia in latest incident.
Bulker rams Canadian bridge Steering trouble suspected as bulker bow holed in bridge collision in St Lawrence Seaway.
ABP agrees takeover deal Shareholders to vote on Goldman Sachs-led group's offer of $4.56bn for UK ports operator.
Portek inks Malta deal Singapore-listed port industry firm has secured a 30-year concession at the Port of Valletta.
Hanjin fined for Subic spill Landing craft spills fuel oil after sinking during construction work on new Philippines shipyard.
Two dead in barge accident Operations back to normal after incident on Lake Maracaibo, Venezuela.
FSL snaps up BLT pair Singapore-based finance company in sale and lease-back deal with expanding Indonesian owner.
Helan Gar and more Take a look at the Swedish Club's AGM bash which attracts visitors from as far away as China and Alaska for business and fun through Gothenburg's long summer days.
PSA volumes up 31% Singapore terminal operator sees foreign operations increase throughput by 70% on a year ago.
NYK orders coal carrier Japanese owner to replace ageing bulker Sanyo Maru with newbuilding for domestic CVS contract.
Wilh. Wilhelmsen car carriers for UK flag All of Wilh. Wilhelmsen's 12 car carriers on order will carry the Red Ensign. The company already has four large ...
Swedish R&D initative for ships' ability to survive With a budget of around SEK 70 million (EUR 7.5 million), maritime safety experts and researchers from eight EU countries ...
Captain convicted of murder The Indian captain of the Norwegian product tanker "Champion Pioneer" has been sentenced to life imprisonment for the of murder ...
Uruguay avails tighten Local utility demand keeping fuel oil from the bunker market, but suppliers expecting improvement in coming weeks.
Warning for cold ironing users German technical monitoring group says owners 'taking a gamble' without global standards.
DOE reports improvement in key US oil product stocks Crude stocks fall slightly but gasoline inventories move up to 'average' of the norm.
Cool reception for new Shanghai petroleum exchange Traders have expressed little enthusiasm for new Shanghai fuel oil trade opportunity.
Korean exchange ponders bunker fuel futures Exchange aims to offer trade in oil products, bunker fuel under consideration.
Rotterdam IFO380 dips under $300
Hong Kong: Bunker fuel shortage eases in June Shortages of 180 cst have eased considerably from last month while barging schedules are tight for some physical suppliers.
South Korean shipbuilding firm fined for oil spill Firm penalised with a daily fine of $5,000 until an oil spill cleanup is completed on Subic Bay.
Hong Kong supplier brings in second double-hulled barge Independent supplier Pan Nation now has two double-hulled bunker barges of 2,000 dwt and 2,100 dwt in addition to its single-hulled fleet.
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