DPW's US ports may go to different buyers DUBAI Ports World, which agreed to sell six US ports to diffuse opposition from American lawmakers, said potential bidders may include private equity firms or terminal operators seeking to purchase individual properties.
Shipping lines' group hopes to raise rates again EVERGREEN Marine Corp, Hapag-Lloyd AG and nine other container shipping lines expect to raise rates for the sixth consecutive year as demand for Asian goods rises, a trade group said.
US cruise execs bullish about prospects this year TRIPS on cruise ships remain a popular vacation value and 2006 looks encouraging despite rising fuel prices and media reports focusing on crime and safety problems on vessels, top cruise executives said on Tuesday.
Express delivery market seen to surge in booming India: TNT
P&O North America confident on asset sale TRADE and private equity buyers have already expressed interest in P&O's US port assets that are to be sold following the political outcry in Washington over change of ownership to DP World.
Grindrod plans $800m fleet and ports expansion Grindrod, South Africa's leading shipping and logistics firm, intends to invest more than $800m expanding its fleet, ports and rail operations during the next three years.
P&O Ports North America officially goes on to the market P&O PORTS North America is now officially up for grabs, after arrangements for the sale were formally announced yesterday, writes David Osler .
Transpetro tanker price rockets to over $4bn Transpetro's $1.9bn tanker order has ballooned to more than $4bn following the opening of envelopes containing prices for the first phase of the newbuilding programme.
UK leads European shortsea league Britain leads the European Union's shortsea shipping league, according to a new study, writes Justin Stares in Brussels.
Carlyle Group in DP World rumours SPECULATION is rampant in Washington that global investment firm The Carlyle Group may be setting its sights on the terminal operations that Dubai Ports World is being forced to sell
'Paranoia and politics' hit ports deal DUBAI Ports World's South Korea vice-president Robert Walker has blamed political posturing ahead of the US mid-term elections for the takeover fiasco
Spain invests in new safety plan SPAIN is to invest '1Bn ($1.2Bn) in a new national maritime safety plan; more than half the funding will cover the modernisation of safety agency Salvamento Maritimo
DP World moving forward with US sale DUBAI Ports World announced today that it is moving forward with the sale of the former P&O Ports terminal contracts in the US
Cyprus exposes Georgian fakes THE Cyprus flag has alerted port authorities and Port State MOUs to the existence of high-quality counterfeit Georgian seafarers' certificates
Russians adopt shipyard resolution RUSSIAN shipbuilders have called on the government to direct owners controlled by the state to place tanker orders overseas only where Russian yards can participate
February drop for West Coast imports Expected drop in container volume at Port of Los Angeles, other hubs as Asian factories shut for Chinese New Year.
DP World readies 'expedited' sale of U.S. terminals
Updated:DPW retains N.America beachhead at expanding Vancouver As DP World appoints advisors and makes arrangements to transfer P&O's US terminals to a US entity, it retains a North American beachhead through Vancouver's expanding Centerm terminal.
Resistance to Panama Canal expansion grows The latest polls indicate growing opposition to the Panama Canal expansion plan two weeks before the 'definitive proposal' is due to land on President Martin Torrijos' desk.
Spring thaw prompts new shoots in charter market
LA/LB loaded exports show growth, in advance of US-flagged service start
Hong Kong loses out to Singapore again
Modern Terminals sees volume and profit growth
Bird flu worries affect chicken exports from uninfected Brazil
STX set to launch Japanese services via new subsidiary
Get real, say 'patriots' Mass support by TradeWinds readers of Dubai as suitable owner of US terminals provokes a backlash.
Desperately seeking citizen P&O Ports North America says subsidiaries of foreign companies are ruled out as buyers as Dubai sells off its controversial US acquisition.
Dubai sale takes shape Deutsche Bank's New York office plans an 'expedited' sale of P&O Ports North America within four to six months.
Mercator 'after aframax charters' Mercator Lines is said to have wrested back a lucrative annual crude-hauling contract and to be in need of aframaxes on the charter market.
Restis in peace Golden Energy Marine Corp has formally buried its dormant IPO bid even after some observers had suspected a resurrection.
Toisa takes Norwegian plunge Gregory Callimanopulos' offshore company orders diving support vessel at Kleven Verft.
GFI lays an easter egg Derivatives trader will plug a vital gap with the April launch of its new dry cargo broking desk.
Entente cordiale India and Finland come together to develop shipbuilding and port infrastructure with talk of a new maritime university on the way.
Grindrod to grow Grindrod announces ambitious strategy for fleet growth and increased influence in neighbouring ports.
Viking Line cuts losses Finnish ferry owner has better first quarter as passenger numbers improve.
Nevsky wins Damen work Russian shipyard to build hulls of four dry cargoships on behalf of Dutch group.
STX clinches product order Speculation centres on Parakou as Korean yard picks up $270m six-ship contract.
Cosco moves into Greece Line launches new service in first step towards developing mooted transshipment hub.
Eitzen comes out on Top Oslo-listed Camillo Eitzen behind the purchase of five suezmaxes from Nasdaq-listed Top Tankers.
New asbestos challenge House of Lords considers appeal that payments to some victims should be cut.
Transpetro gets ready to haggle Petrobras shipping unit has picked yards to build tankers for huge fleet renewal programme, but will look to cut hugely inflated prices.
Maersk boxship bashes crane New Felixstowe gantry crane put out of action after containership suffers engine malfunction.
ACL looks up US barge owner raises profit forecast for 2006 in strengthening market.
Inmarsat investors sell out Initial post-privatisation investors have sold the last of their stakes in UK-listed satellite provider.
MSC orders again Italian owner returns to French shipbuilder Chantiers de l'Atlantique for fifth cruise newbuilding.
V.Ships boards Seabourn Ship manager takes over running of US cruise line's three 10,000-gt ships.
Shipping committee accused of "academic arrogance" Wilhelm Wilhelmsen, chairman of leading Norwegian shipowners Wilh. Wilhelmsen, accuses professor Guttorm Schjelderup, who heads the committee on taxation of ...
Less loss for Viking Line During the period November 1, 2005'January 31, 2006, the consolidated sales of the Viking Line Group totalled EUR 87.2 ...
Maersk Line ship hits new crane in Felixstowe When Maersk Lines container carrier the "Gudrun M'rsk" was leaving the berth in Felixstowe, UK, it lost its power. The ...
DOE & API at a glance: This week's key US inventory figures
Houston facing low-sulphur regulations State authority mulling adoption of California's auxiliary engine regulation.
Krystallon to showcase scrubbers Joint venture marketing its scrubbing solutions at upcoming Miami convention.
Rotterdam market steadilly climbing on crude
O.W. Bunker: Worldwide manager moves to Hong Kong office
Singapore: February bunker sales up 13.87% on year Over two million mt of bunker sales recorded, but down from January's figure.
Singapore: 380 cst supplies tight, congestion at terminals Shortage likely to persist until end of March and suppliers anticipating firm bunker prices.
Long Beach: Managing Director of Maritime Services retires
TBA announces 3rd International Istanbul Bunker Conference The Turkish Bunker Association has announced the dates, location and agenda of its forthcoming conference.
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