Hong Kong's May container volume up HUTCHISON Whampoa, PSA International and other operators at Hong Kong's port handled 13 per cent more containers in May than a year earlier, helped by China's expanding trade.
Keppel bags another order for jack-up rig from India KEPPEL Fels has secured its fourth Indian jack-up rig order from Great Eastern Shipping Co Ltd - India's largest private-sector shipping and offshore company - as the country's exploration and production sector begins to heat up.
Concern over NY's deep rail stations plan WARNING that new railway stations planned for as deep as 15 storeys under Manhattan could be targets of terror, five transit riders' groups from New York and New Jersey have asked the city to reconsider the risk of building them.
Rising fuel costs may hurt shipowners' gains
Port Shots
Port Shots AN affiliate of Singapore's Keppel Corp plans to invest 49.9 million yuan in a Chinese logistics firm, the Shanghai Securities News said yesterday.
Hong Kong's May container volume up HUTCHISON Whampoa, PSA International and other operators at Hong Kong's port handled 13 per cent more containers in May than a year earlier, helped by China's expanding trade.
Keppel bags another order for jack-up rig from India KEPPEL Fels has secured its fourth Indian jack-up rig order from Great Eastern Shipping Co Ltd - India's largest private-sector shipping and offshore company - as the country's exploration and production sector begins to heat up.
Concern over NY's deep rail stations plan WARNING that new railway stations planned for as deep as 15 storeys under Manhattan could be targets of terror, five transit riders' groups from New York and New Jersey have asked the city to reconsider the risk of building them.
Rising fuel costs may hurt shipowners' gains
Port Shots
Port Shots AN affiliate of Singapore's Keppel Corp plans to invest 49.9 million yuan in a Chinese logistics firm, the Shanghai Securities News said yesterday.
Transparency in sight for freight derivatives THE dry freight derivatives market will gain some sought-after transparency before the end of the year if a scheme to begin reporting trading volumes and open interest comes to fruition.
Macquarie consortium's rival bid sends ABP shares to new heights SHARES in Associated British Ports have been hoisted to new highs as a consortium led by Macquarie Bank of Australia emerged as a rival bidder to the team backing Goldman Sachs and the asking price for Britain's largest ports group was raised to more than £2.5bn ($4.5bn).
Cobelfret launches £95.5m Simon Group takeover BRITAIN'S port sector buy-up frenzy yesterday added a new target with investors behind acquisitive Belgian shipping group Cobelfret launching a £95.3m ($176m) takeover assault on the Simon Group.
Norway postpones tonnage tax decision in spite of pressure NORWAY will not decide until this autumn at the earliest on a tonnage tax overhaul despite a gathering stampede of heavyweight shipowners abroad, writes Jerry Frank.
Trading screen set for summer launch THE first multi-broker freight trading screen is due for launch in the summer, its partners have confirmed, writes Neville Smith.
Spain sliding into shipyard battle THE head of Spain's industrial holding company Sepi has warned shipyard workers that discussions on privatisation have reached the end of the road
Fender exec jailed for price fixing PRICE fixing in the marine fender business has landed one California executive in jail for four months
Volvo yachts head for shipping lanes YACHTS participating in the Volvo Ocean Race have departed from Rotterdam into the North Sea shipping lanes on the final leg of the race up to Gothenburg
ABP shares hit highs in bid battle IT has been a buoyant day for shares in ABP, which is now at the centre of a bid battle between consortia led by Goldman Sachs and Macquarie Bank
HHLA upbeat on privatisation prospects A PACT with workers has vastly improved the opportunities for part-privatisation of Hamburg's container terminal operator HHLA, says the group's executive board
Brazilian strikes hit World Cup BRAZILIAN football fans who ordered new TVs ahead of the World Cup have been frustrated by strike action that has delayed the movement of containers
Unions demand mandatory safety code after Adelaide docker death Australia's waterfront unions are pushing for a nationwide stevedoring safety code on foreign ships after a docker was killed in Port Adelaide a day after a Victorian court issued a massive fine over a previous fatality.
Bid war sees Goldman Sachs up the ante Goldman Sachs and its consortium partners have entered into a bidding war for Associated British Port Holdings after Macquarie bank and its partners matched the revised offer.
Russians for Ust-Luga? The box-terminal development at Ust-Luga in northwest Russia may be moving into a more Russian sphere of influence, with European terminal-operating company Eurogate being edged out, according to St Petersburg-based sources.
China COSCO will not follow Yangshan port fee cuts
"TransPaper" to be delivered in July Swedish owner Transatlantic's first newbuilding for the Stora Enso transport system between Northern Finland, Lübeck and G'teborg was on 14 ...
Fosen will make good ro/ro hull delays Fosen Mek. Verksteder will deliver the first of the two ropax vessels to Stena RoRo on July 12th, one month ...
Reshuffle on EuroBridge and AngloBridge DFDS Tor Line will reshuffle its services from Göteborg to Gent at the end of this month. At the delivery ...
Port commits $85 million to the environment Port of Los Angeles spending 10% of budget on green projects for the coming year.
Senior officer resigns from World Fuel Search begins for replacement as Robert S. Tocci decides to leave.
Lukoil to bid for Rotterdam refinery Russian oil giant seeks bigger presence in European oil and bunkering hub.
Ship at risk granted refuge in South Africa Authorities grant refuge to damaged vessel with 1,000 mt of fuel oil onboard.
Singapore: Stocks of residual fuels at 3-month high Stocks of residual fuels over 12 million barrels, middle distillates down.
Dispute over development rights at PTP to be settled soon Dispute over rights to develop bunker island and oil terminal rumbles on, but sources say resolution will be reached soon.
Hong Kong resolves to combat emissions from ships Although power plants are the major source of air pollution, the government has not taken lightly the emissions from vessels.
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