DP World confirms it will sell ports to US buyer THE Dubai-owned company that had sought to buy several port terminals in major East Coast cities confirmed on Wednesday that it would sell those operations to an unrelated US buyer, ending speculation about the ambiguity in its previous statements that it would 'transfer' the terminals to a 'US entity'.
DP World boldly gears up for bigger challenges ahead ALTHOUGH the dust has hardly settled on its gaining control of six US ports, Dubai-based DP World is already looking to bigger challenges ahead with confidence.
Evergreen to order 20 ships in next decade EVERGREEN Marine Corp, operator of Asia's largest container shipping line, said it is planning to order at least 20 container ships in the next 10 years to replace existing vessels.
Hong Kong's Feb container volume rises
Admiralty Casebook
Vital to inspect lifeboats CANBERRA's transport safety investigators have called on ship owners, managers, statutory authorities and classification societies to urgently inspect keel attachments for hooks on lifeboats to ensure that they are structurally sound.
DP World confirms it will sell ports to US buyer THE Dubai-owned company that had sought to buy several port terminals in major East Coast cities confirmed on Wednesday that it would sell those operations to an unrelated US buyer, ending speculation about the ambiguity in its previous statements that it would 'transfer' the terminals to a 'US entity'.
DP World boldly gears up for bigger challenges ahead ALTHOUGH the dust has hardly settled on its gaining control of six US ports, Dubai-based DP World is already looking to bigger challenges ahead with confidence.
Evergreen to order 20 ships in next decade EVERGREEN Marine Corp, operator of Asia's largest container shipping line, said it is planning to order at least 20 container ships in the next 10 years to replace existing vessels.
Hong Kong's Feb container volume rises
Admiralty Casebook
Vital to inspect lifeboats CANBERRA's transport safety investigators have called on ship owners, managers, statutory authorities and classification societies to urgently inspect keel attachments for hooks on lifeboats to ensure that they are structurally sound.
Buyers line up for P&O's US assets 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 Dubai's DP World.
Golden Energy in $500m tanker order at Sungdong RESTIS Group's tanker arm Golden Energy has signed $500m worth of new tanker orders in South Korea in a move that underlines the strength behind the company after last year's aborted plans for a public flotation in New York.
Deep pockets, Deep Sea for ambitious Fredriksen JOHN Fredriksen will become the largest shareholder in Deep Sea Supply, the Oslo-listed offshore supply vessel operator, after pumping 22 newbuilding contracts into the company in a deal worth almost $400m.
Carisbrooke takes Port Weller option CARISBROOKE Shipping has returned to Canada to fulfil its latest expansion and renewal plans, writes Hugh O'Mahony.
Washington critics praise DP World DUBAI Ports World's decision to sell off US terminal interests over the next four to six months has been praised by critics and greeted with sighs of relief by supporters of President Bush
California LNG date revealed AUSTRALIA'S Woodside Natural Gas says its California gas project will start delivering supplies in 2010 at the earliest
Nippon Oil cuts Iranian import NIPPON Oil, Japan's largest refiner and wholesaler, is to slash imports of Iranian crude by 15% this year
Pemex to boost dwindling oil reserves PEMEX chief executive Luis Ramirez has called for massive investment to develop Mexico's off-shore and on-shore fields to counter dwindling oil reserves
K-Line reveals expansion plan JAPANESE ship operator K-Line intends to increase the size of its fleet by 75% and to double profits to '100Bn ($851M) by 2015
US Congress targets port security US CONGRESS remained busy yesterday on maritime matters with the Senate approving a bill to spend nearly a billion dollars next year on port security
Customs may reconsider third-party C-TPAT validations U.S. may reconsider its long-standing opposition to having third parties validate supply chain security at foreign locations.
U.S.-Canada short sea ventures win Marad interest
Southern California eyes transport partnership
Some Friday closures for NY-NJ terminals
Alliance shifts PNW service
U.S. welcomes delay on EU wood packing rule
"Logistics City" key topic at China Trade & Logistics Conference
Hamburg Sud-Fesco deal to prompt shake-up Significant changes are expected in Australian and New Zealand services as a consequence of Hamburg Sud's acquiring Fesco's cross-trades.
K Line's Maekawa sounds note of optimism with call for pragmatism
CKYH Alliance to upgrade PNW service
Jawaharlal Nehru Port's third box-terminal starts trial operations
Brazil health inspectors' strike affects rail and container flows
It's a wipeout Fewer than 5% of the participants in TradeWinds' poll support the US politicans who have blocked Dubai's takeover of P&O's American terminal interests.
Hummingbird buzz Famed investor Paul Sonkin has taken a major stake in fledgling dry bulk company FreeSeas.
The ol' one-two VLCC owner Euronav had best-ever revenue in 2005, but profit was only second place in comparison to 2004.
Matson scraps two ships Two of the three oldest ships in the fleet of Hawaii specialist Matson are bound for the torch.
'In default'? Analyst says DryShips "appears" to be in default of one loan covenant and is likely to break others as its cash-flow picture turns bleak, but George Economou says critics have it wrong.
Crewman died in gangway collapse UK inquest hears how Cuban sailor fell from bulker into icy water after chain snapped at Newport.
BIMP-EAGA Shipping anyone? Brunei, Indonesia, Malaysia and the Philippines get together to launch new shipowning company.
Japanese orders up Yards log first year-on-year increase in contracts since the summer of 2005.
DFDS posts profit Danish ferry operator ends 2005 on the up but competition in the passenger sector as well as increased bunker costs take their toll.
Green growth Evergreen pledges more 7,000-teu vessels to renew fleet and keep up with growing volumes of trade.
CSSC chasing cash Huge Chinese state shipbuilding group ready to fund expansion with share issues by two subsidiaries.
DryShips profits on more ships Expanded fleet helps improve results at Nasdaq-listed bulker firm, but underlining rates show decline.
Gati forges new link Indian feedership operator adds Chennai to Colombo service with new ship.
CKYH re-jigs Pacific routes COSCON, K-Line, Yang Ming and Hanjin alliance to offer more space and shorter transit times.
Daewoo to "stay Korean" Worries over foreign involvement in defence technologies will mean sell-off of shipbuilder to domestic funds, report claims.
Fredriksen nets more fish business Pan Fish issues fresh equity to fund more shares in competitor Fjord Seafood.
Strong by the year at TBS The pride of the Westchester County dry cargo shipping industry is once more down by the quarter but up by the year.
Fesco looks to London Russian boxship owner will list on LSE later this year to fund acquisitions and mergers.
Fredriksen takes Deep Sea stake Tanker titan taking 20% stake in Oslo-listed offshore owner in return for 22 newbuilding contracts.
Cargoship to be refloated Sunken Premship-X to be brought to surface in Philippines as oil booms go up.
Denmark aims to be Europe's top shipping nation The Danish Minister for Economics and Business Affairs, Bendt Bendtsen, has launched a long-term plan, produced in cooperation with ...
Danish shipping applaudes government master plan The chairman of Danish Shipowners Association, Torben Janholt, CEO of J.Lauritzen, is fully satisfied with the masterplan for the Danish ...
EU Short Sea Shipping carried 1.8 billion tons In 2004, short sea shipping carried 1.8 billion tons of cargo, or 63.4 per cent of all EU maritime transport ...
African terminal secures finance for 50% expansion New terminal said to be first independent on-shore tank storage facility in the Horn of Africa has secured finance for 50% expansion.
IMO to consider new fuel tank rules, ship emissions Environmental committee looking at resolutions on fuel tank design and establishing a ship emissions working group.
Soft crude tempts Rotterdam lower
New York market moves on from Shell's departure Biggest US East Coast bunker market already shaking off the exit of oil major.
Singapore: Stocks of residual fuels and distillates up
Crude prices fall on build in US inventories US crude oil inventories increased for the fifth consecutive week to a seven-year high.
Shipping & aviation swamping CO2 emission reductions Study claims government data to be misleading due to exclusion of shipping and aviation emissions - with which CO2 emissions have actually increased.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
