P&O's Miami partner sues to block DP World's takeover A company at the Port of Miami has sued to block the takeover of shipping operations there by Dubai Ports World, a state-owned business in the United Arab Emirates.
Dubai Ports seeks US$6.5b to buy P&O DUBAI Ports World will borrow US$6.5 billion to finance its acquisition of British port and ferries group P&O, a statement said on Saturday.
Europe looks ill-equipped to cope with rust-bucket ships THE fiasco over the French aircraft carrier Clemenceau highlights Europe's lack of facilities for wrecking old ships, according to industrialists and environmentalists.
Mitsui OSK says it won't meet profit forecast next year
Freight prices up on iron ore buying
Strong wind, waves hamper China rescue of 31 seamen
Suez Canal Authority says no to discount for gas tankers
Clinton in backlash against Dubai P&O deal P&O's imminent takeover by the United Arab Emirates' DP World is facing powerful opposition in the US where the British ports company operates a number of facilities.
Singapore courts international shipowners with further tax incentives SINGAPORE has extended further tax breaks to shipping in its 2006 budget, with Prime Minister Lee Hsien Loong saying the country must attract more international shipowners to set up shop.
Spain's court battle with ABS over Prestige nears climax THE long-running factual discovery phase in Spain's $1bn lawsuit against ABS and its consulting subsidiary ABSG Consulting, formerly ABS Marine Services, is scheduled to conclude at the end of next month as two critical offshoots of the case await decisions by a US federal court in New York.
Insurers give no ground in P&I renewals SHIPOWNERS have faced unyielding insurers during the P&I renewals, but an even tougher period may be on the way.
BMT looks to expand civil interests BMT, the UK-based maritime, transport and defence technology group, is looking to expand its non-defence-related interests
DPW sets up big loan for big deal DP WORLD has arranged a five-year $6.5BN funding package, largely to fund its takeover of P&O, due to be completed in the second half of March
DP World-P&O controversey intensifies A growing number of legislators oppose the deal, including Robert Menendez and Hillary Clinton, who say they will propose a bill to block it.
2006 starts strong for LA-Long Beach
Albany barge service to shut down
Panama Canal hikes tug, other fees
Motorola withdraws from e-seals
Crowley orders two heavy-lift barges
UPS pushes China, Asia growth
India gets rush of applicants to run intermodal trains
Deutsche Post to sell courier unit
Sinotrans adds Manila service
CMA CGM adds Long Beach call to S. America service
US political storm tries to re-heat arguments over DPW deal A sudden political storm ' over DP World's acquisition of P&O Ports assets in the US ' has caught the industry somewhat by surprise, after the acquisition was celebrated this week.
Firing at each other, more court cases filed by Toll and Patrick
Private operators' entry will reduce Indian box rail-rates
US notices Dubai deal Politicians are threatening to ban foreign state control of US terminals after noticing that DP World is buying six US terminals.
'More protectionism, please!' Shipowner Halim Mazmin says Malaysia is not being tough enough on keeping out foreign-flag tonnage.
Third strike at Alang A major fire on a cruiseship scrap candidate has injured nine labourers at a sensitive time for subcontinental shipbreakers.
SFI mulls new listing Disappointing share liquidity may lead to Frontline shipowning spin off seeking further stock exchange quotation.
Greeks islands cut off More travel disruption as Panhellenic Seamen's Federation extends ferry strike.
Accountant at the helm Helen Deeble to steer P&O Ferries into new era of Arab ownership.
Meiji makes a bundle Japanese tanker, bulker and car carrier owner continues strong profit run this year.
Philly hits order trail Search for newbuilding deals to keep US shipyard in work after delivery of last OSG tanker gets underway.
Frontline falls from peak No repeat of billion-dollar profit for John Fredriksen controlled tanker giant in 2005, as markets weakened.
Restis snatches bulkers Greek group buys Eolos ships after Vafias deal failed.
Ow'ch! Loss of income after ship sales slashes third quarter profits at Ow Chio Kiat's Singapore Shipping Corp.
Sasebo upbeat Japanese shipbuilder's nine-month profit dips slightly, but it expects to be ahead by year-end.
Quintana fixes panamax pair New York-listed Greek bulker player finds short-term employment for Coal Glory and Coal Pride.
Cory swallows Gorman agency Braemar Seascope-owned ship agent buys smaller tanker operation to further expand business.
Crew missing after ship sinks Rescuers searching for 37 men as Panamanian flagged vessel strikes reef near Fujian in China.
Celebrity makes it a pair Royal Caribbean subsidiary returns to Meyer Werft for second post-panamax Solstice ship.
Bangladesh bans "Norway" Just a day after the French former aircraft carrier "Clemenceau" was stopped from being scrapped in India, the Government in ...
Norway need better tug contingency The whole of Norway's coastline must be covered by a tug contingency, not only the two northermost counties Troms and ...
Increased efficiency in Swedish SAR helicopter service The re-organisation of the Swedish SAR helicopter service from military hands to a civilian organisation leads to significant effenciency ...
Pacific Northwest barges enjoy sunny skies Delivery schedules and bunker sales returning to normal in Portland as weather finally improves after weeks of weather disruption.
Los Angeles to expand vessel speed restrictions Port authority considering widening the coverage of its vessel speed reduction plan to 40 nm from port.
IBIA responds to INTERTANKO's Poseidon Challenge INTERTANKO expects widespread participation at its Poseidon Challenge sessions during its Singapore Tanker Event in March.
Wreck examined for possible bunker threat Inspection underway to determine if and how bunkers onboard sunken tanker should be removed.
Bunkering potential target for blank-check IPO team Colourful management team offers vague prospectus as they seek to raise $172.5 million for investments.
Rotterdam numbers slip from opening levels
OPEC reports rise in global oil demand OPEC expects global demand for crude to rise by close to 2% in 2006.
Record profit for shipping firm despite higher bunker costs Thailand's Precious Shipping announced record 2005 profit although increasing bunker costs resulted in higher operating expenses.
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