CLSA to start shipping fund to tap Asian trade CLSA Ltd, the Asia investment banking arm of France's Credit Agricole, plans to invest as much as US$250 million in ships that ply Asian routes and related service companies, betting on trade in a region expected to grow 60 per cent faster than the world average this year.
PSA to lead expansion of Tianjin port THE international investment arm of Singapore's PSA Corp will spearhead a 12-berth expansion of the port of Tianjin as part of a massive project that is also expected to see Cosco Pacific and Denmark's APM Terminals play significant roles, the South China Morning Post reported sources close to the deal as saying.
APM 2006 to open in S'pore with record participation THE Asia Pacific Maritime exhibition, one of the top maritime events in this part of the world, opens tomorrow at the Singapore Expo, at a time when global shipping is riding the crest of a wave.
Drop your prices to get new orders, Hapag tells yards HAPAG-Lloyd has told Korean shipyards it will not place any more orders for super post-panamax containerships until newbuilding prices have dropped.
One dead in US Navy clash with 'pirates' AN ALLEGED pirate has been killed and five wounded in an exchange of gunfire between the US Navy and presumed militia men in international waters off the coast of Somalia.
Keppel wins Qatar shiprepair project QATAR Gas Transport (Nakilat) has chosen Singapore's Keppel as its partner in a $430m shiprepair yard project which will play a key role in servicing the company's fast-expanding fleet of liquefied natural gas carriers.
Blame laid with Norwegian tax regime as Borgestad pulls out of shipowning NORWAY'S adverse shipping tax climate has claimed a new victim, with industrial conglomerate Borgestad signalling a withdrawal from shipowning with the NKr400m ($59m) sale of five forestry products bulkers to Bergen partner Gearbulk.
SSA adds to cloud over future of US ports THE decision by the largest US container terminal operator, SSA Marine, to "explore strategic alternatives", including a possible sale, has added a new wrinkle to the case of DP World, which has put its own P&O-vintage US terminal interests up for sale.
Tallink confirms Superfast talks TALLINK, the rapidly-expanding Estonian ferry group, has confirmed it is in talks with Attica Group, the Greek company trading as Superfast Ferries, to acquire its operation in the Baltic
Arcalia plays down influenza outbreak PORTUGAL-based cruise operator Arcalia Shipping has played down a report of an outbreak of influenza on its 467-passenger Funchal
US Navy under fire off Somalia Two US Navy ships exchanged shots with a boatload of suspected pirates 25 n-miles off the coast of Somalia on 18 March, killing one and wounding five others
Gambling ship guilty of cover-up THE operator and chief engineer of a gambling ship deployed off the Texas coast have pleaded guilty to a cover-up involving an oil dumping investigation
Trimaran ro-ros on the drawing board NORWAY-based NorFerries has plans for three high-speed trimarans capable of carrying freight units as ro-ro cargo
Horizon, SFI seal US-flag deal JONES Act carrier Horizon Lines is to charter five Korea-built 2,800-teu container ships from Ship Finance International
Dubai ports controversy puts Sanborn's Marad nomination on hold A Democratic senator said he plans to delay DP World executive's nomination until he's sure U.S. ports are being sold to an American buyer.
CSCL adds presence to West Coast SA/Asia trade China Shipping Container Line has joined forces with CMA CGM and Maruba on the ACSA service from the West Coast South America to Asia.
Truckers paralyse Indonesian terminals Container movements at four of Indonesia's ports came to a complete standstill today as truckers, protesting against value added tax on port services, refused to work.
Record US rail investment in bid to meet anticipated demand
ACCC pours uncertainty to Toll/Patrick deal again
Intense competition to negate higher demand say box builders
Heinrich Schoeller buys New Pacific Shipping
Four-ship Liberty Bridge service sails this week
Hanjin and ACL to launch Singapore-Thailand feeder service
Per's truck with Jones Act Per Heidenreich tells CMA conference that shipping can show social responsibility by killing US-build section of Jones Act, moving cargoes from roads to water.
'Not in default' Analysts change view on George Economou's DryShips' compliance with loan covenants after dry bulk owner places year-end fleet value on website.
Bad gamble Casino cruiseship's chief engineer admits trying to destroy computer records showing oily water discharge off Texas.
Birka pulls back Finnish owner cuts number of redundancies following sale of cruiseship Birka Princess.
Zim hints it will settle Israeli container line indicates it will offer money to familes of deceased Japanese fishermen despite court proceedings.
Stolt takes terminal stake Specialist shipping and transportation group Stolt-Nielsen buys into terminal in Belgium.
Infamous five for Hong Kong Port state control inspectors detained quintet of deficient vessels in February.
New Ulstein Verft chief Norwegian offshore vessel yard recruits Odfjell newbuilding boss Karsten Saevik as it seeks international growth.
NATS predicts solid first quarter Neither feast nor famine for Herbjorn Hansson's volatility-prone suezmax operator.
Borgestad quits owning Norwegian industrial group sells open hatch bulker business to Gearbulk but plans to remain in shipmanagement.
Green in Greece again Norwegian reefer owner Green Reefers buys another vessel from Laskaridis Shipping of Greece for $10.4m.
Saaremaa wins again Estonian owner's subsidiary Vainameri Lines secures 10-year state-subsidised Baltic islands ferry business.
Ready and waiting Credit Agricole arm poised to snap up shipping tonnage as it predicts market downturn.
Three dead off Korean coast Three Chinese crew members dead and nine others missing after their ship strikes an anchored LPG vessel in the Yellow Sea.
Lula likes ports Brazilian president unveils plan to rebuild 11 major terminals.
QGTC chooses Keppel Qatar Gas Transport Co ties up with Singapore yard to build new $430m shipyard at Ras Laffan.
New Ramform for PGS Aker Yards to build seventh seismic-work specialist for Norwegian owner.
Forth trusts to ports UK operator's seven terminals performing better, but 2005 profit dips as property revenue falls.
SSA Marine on the block Citigroup to seek potential buyers, but foreign government-backed firms need not apply.
Tallink tails Superfast Ambitious Estonian owner looking to relieve Greek ferry operator of Baltic route and ships.
Hanjin adds Sing-Thai route South Korean liner operator teams with Advanced Container Line to launch dedicated feeder service.
Short term fix for GOC pair Global Oceanic Carriers has arranged 35-40 day employment for its Go Faith and GO Pride.
US Navy nabs Somali pirates Twelve suspected pirates detained off the east coast of Africa after brief exchange of gunfire.
Tallink eyes Superfast Ferries Baltic service Tallink is interested in the Superfast Ferries service between Finland and Germany. Tallink has confirmed, but says that at this ...
Investors circling around Scandlines Several large foreign equity funds are circling around Scandlines waiting to buy the company, that are about to be put ...
Another Swedish bunker vessel ordered in Norway BRP in Västra Frölunda near G'teborg has ordered a larger sister vessel to its 3,364-DWT bunker vessel "Fox Sunrise ...
Two-tier market in Los Angeles leads to accusations Deflated market leading to big spread in prices as suppliers pointing fingers over price reporting.
London High Court: Judge rules in favour of owner Judge rules in favour of owner after explosion results from stowage of cargo next to bunker tanks.
Traders fear price slump in 'Jekyll-and-Hyde' market Traders are concerned that a supply glut in April could lead to a rapid price slump from current record high levels.
€2 million refit for oil response bunker tanker Following a €2 million refit, bunker tanker will be used as the East Mediterranean's oil spill response and recovery vessel.
Rotterdam sees little change at midday
Debt-ridden Singapore supplier to meet creditors this week Hopes of returning to bunker operations were dashed in February, but Singapore-based company remains hopeful.
Hong Kong Ferry slips on bunker costs Ferry operator posts reduced net profit in 2005 on higher bunker costs.
Bunker tanker capacity in the port of Singapore A study by MPA reveals current and upcoming tonnage figures of barges in Singapore ahead of the 2008 phasing out of single-hulled bunker tankers.
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