TSA carriers running at over 90% capacity TRANSPACIFIC container shipping lines operating between Asia and the United States, including Neptune Orient Lines' APL liner division, say they are running at more than 90 per cent capacity, as they strive to fend off any slide in rates while tying up annual contract negotiations.
TUI to cut 2,000 jobs at recently acquired CP ships TUI, Europe's leading travel and tourism group, is to cut around 2,000 jobs at its recently acquired Canadian shipping firm, CP Ships, the head of TUI's Hapag-Lloyd shipping division, Michael Behrendt, said yesterday.
Varun Shipping plans US$250m fleet expansion VARUN Shipping Co, India's biggest carrier of liquefied petroleum gas, may spend as much as US$250 million this fiscal year to buy ships and upgrade vessels.
Port Shots
Port Shots TIANJIN Port Holdings, which owns and operates China's fifth-largest port, plans to begin preliminary marketing next week of a Hong Kong share sale worth US$130-US$150 million, a source familiar with the deal said on Tuesday.
TSA carriers running at over 90% capacity TRANSPACIFIC container shipping lines operating between Asia and the United States, including Neptune Orient Lines' APL liner division, say they are running at more than 90 per cent capacity, as they strive to fend off any slide in rates while tying up annual contract negotiations.
TUI to cut 2,000 jobs at recently acquired CP ships TUI, Europe's leading travel and tourism group, is to cut around 2,000 jobs at its recently acquired Canadian shipping firm, CP Ships, the head of TUI's Hapag-Lloyd shipping division, Michael Behrendt, said yesterday.
Varun Shipping plans US$250m fleet expansion VARUN Shipping Co, India's biggest carrier of liquefied petroleum gas, may spend as much as US$250 million this fiscal year to buy ships and upgrade vessels.
Port Shots
Port Shots TIANJIN Port Holdings, which owns and operates China's fifth-largest port, plans to begin preliminary marketing next week of a Hong Kong share sale worth US$130-US$150 million, a source familiar with the deal said on Tuesday.
Cash-rich OSG gears up for growth OVERSEAS Shipholding Group is seeking to double its authorised share capital to 120m shares as it marshals every resource at its disposal to nourish its ability to grow.
BHP Billiton plays green card as California LNG race hots up BHP Billiton has pledged to burn 'clean' natural gas to power vessels serving its proposed liquefied natural gas import project offshore California in a bid to cut harmful emissions.
CP Ships staff 'spurn' Hapag-Lloyd relocation offers HAPAG-Lloyd will begin advertising new head office jobs next week after apparently failing to persuade enough CP Ships staff to move to Germany, write Janet Porter and Katrin Berkenkopf in Hamburg.
US owners attack Sail Only if Scanned Bill SHIPOWNERS are stepping up pressure in Washington to stop a Bill calling for every US-bound container to be scanned from becoming law, writes Janet Porter.
Harland and Wolff in Olsen rig coup WITH Singaporean yards booked solid to 2009, Harland and Wolff Heavy Industries has landed contracts to participate in major upgrading work for two rigs owned by Fred Olsen Energy.
Asia-Europe restoration 'a success' FREIGHT rates in the westbound Asia-Europe trade have now moved into positive territory again after massive price undercutting by carriers earlier this year, according to Adolf Adrion, chief executive of Hapag-Lloyd Container Line
Inadequate dredging hits Lakes trade GREAT Lakes vessels could carry more cargo on every trip if ports and channels were kept properly dredged, says the United States Lake Carriers Association
easyCruise goes by river to Amsterdam STELIOS Haji-Ioannou's easyCruise is to move into river cruising with a weekly itinerary between Brussels and Amsterdam this summer
SCI agrees $206M loans for VLCCs SHIPPING Corp of India told stock exchanges today that it had agreed loans worth $206M to cover two 319,000-dwt VLCCs under construction at Daewoo Shipbuilding
Union ends NY-NJ port protest Members of ILA maintenance local end walk-out over intermodal chassis inspections that snarled container handling at Maher, PNCT terminals.
WSC urges defeat of scan-all amendment
Hapag-Lloyd to cut 2,000 jobs
Truckers in So. California call for general strike
Seattle container volume falls
CN plans Memphis upgrade
Fuel prices will push Canada trucking costs higher
Beijing imposes port security charges on all Chinese ports China's Ministry of Communications has announced that new 'Port Facility Security Charges' will be added to the existing Rules on Port Levies (Applicable to International Trade) starting in June.
Audit to root out 'illegal port fees' says Jakarta Indonesia's Department of Transportation will audit its four oceangoing ports in a bid to find the 'illegal fees' that make Indonesian ports high cost, according to Transport Minister Hatta Radjasa.
Larger charter-market sectors power up
CSCL to launch a new service with eight 9,000TEU ships
Ultramar throws its hat into the ring for Pacific port concessions
Ukraine hints at possible change to ownership laws
Fyhr-less The dean of shipping equity analysts is leaving US investment bank Jefferies.
Supersize me! Cargo-hungry Tallink of Estonia devours compatriot port operator HTG Invest in $1.38m tie-up.
Sovcomflot strong in 2005 Russian shipowner closes books on year that featured improved revenue and profit from vessel operations.
DryShips takes 28th Economou promises 'largest' US-listed bulker owner will keep looking for further growth options.
NCL gets Pride back Norwegian Cruise Line (NCL) finally gets its hands on the Pride of Hawai'i after repairs were made to its propulsion system in Germany.
Nippon in, Fidelity out Investors react differently to recent softness in Sasebo Heavy Industries' share price.
Sohmen-Paos to float offshore unit BW Offshore the next to list on Oslo exchange, raising $300m for expansion.
Hapag-Lloyd in lay-off shock Two thousand jobs to go as burden of CP Ships' merger with Hapag-Lloyd takes its toll.
Varun muscles in India's Varun Shipping flexes its muscles in advance of Singapore listing with massive annual profit.
SCI wins VLCC funding Germany's KfW writes first ever loan to India as owner raises $205m.
Design deficiency Seaspan boss Gerry Wang explains reason for rudder cracks and says Samsung is footing the bill.
Euronav breaks out the bubbly Euronav of Belgium toasts "highest first-quarter result in history" as time charter equivalent (TCE) rates remain firm.
Hyundai Fortune unloads Fire ravaged Hyundai Merchant Marine containership arrives alongside in port of Salalah in Oman.
Gotlandsbolaget warns for stagnation Rederi AB Gotland's new fast ferry has been named by Marieann Nilsson to "HSC Gotland II" at the Fincantieri Shipyard ...
"Galaxy" delivered to Tallink Aker Yards in Raumo has delivered the 48,300-GT passenger ferry "Galaxy" to Tallink. The vessel will replace "Romantika" on ...
Mols-Linien goes for more service on board Mols-Linien A/S has launched a new strategy in order to beat competition, mainly from the Great Belt Bridge ...
Vessels to run on natural gas as part of California LNG project BHP Billiton announcing emissions reduction plans and alternative fuels as part of its offshore gas platform project.
Shipowners, port oppose Texas ship engine fuel law Houston port authority and local shipowners bemoaning absence of cost-benefit analysis, fuel availability.
DOE & API: Weekly US oil inventory snapshot US oil inventory reports show sharp drops in stocks of gasoline, while crude inventories remain above average for the time of year despite draw.
Worlds biggest containership makes Rotterdam fuel stop The Cosco Ningbo making first fuel stop in Rotterdam during maiden voyage, same supplier to provide bunkers in Antwerp shortly.
Hoegh latest to install MariNOx' system System will monitor NOx and CO2 emissions on its 16,006 deadweight tonne (dwt) vehicle carrier Hual Tokyo.
Rotterdam: BP launches second double-hull lube barge The Vanora and Victoria are reputed to be the largest lube oil barges in the world, and are well-placed to cater to larger ships.
Hong Kong: Shortage of 180 cst persists Tight supplies expected to last until late April as most terminals are out of stock.
Malaysian firm seeks alternative site for fuel storage facility Company seeking a new site in Johor to build its fuel storage facility.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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