DP World partner seeks to nullify P&O deal THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.
Strait Talk
E Asia box trade set for firm growth CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.
Port Shots
Port Shorts AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.
DP World partner seeks to nullify P&O deal THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.
Strait Talk
E Asia box trade set for firm growth CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.
Port Shots
Port Shorts AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.
DP World partner seeks to nullify P&O deal THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.
Strait Talk
E Asia box trade set for firm growth CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.
Port Shots
Port Shorts AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.
Battle looms over $1bn Aker Philadelphia project TRADE union interests in the US are seeking to scupper a $1bn, 10-product tanker Jones Act construction programme at Aker Philadelphia Shipyard, writes Rajesh Joshi in New York.
PIL unveils investment trust with 30 vessel fleet target ASIA'S first stock market listed shipping trust is already in talks with other Asian owners on sale and leaseback deals, aiming to have a fleet of 30 vessels in three to four years.
Gazprom again delays naming its Shtokman partners A RUSSIAN liquefied natural gas project which could trigger orders for 15 vessels appears to have becomed mired in a political wrangle with the US, writes Tony Gray.
Global coating standard agreed TWO years of mind-boggling debate in which owners, ship builders and classification societies clashed head on, have ended with the unanimous approval of the first-ever global coating standard by the International Maritime Organization.
Senator's Mohr calls for liner unity SENATOR Lines CEO Hans-Hermann Mohr has urged fellow liner executives to "pull together as one" in an effort to rebuild a "sensible pricing policy".
Horizon backers try again TWO shareholders and a few officers and directors in Jones Act carrier Horizon Lines today revealed their attempt to sell shares in the company for nearly $100M
Vistamar lifeboat cracking ends cruise CRACKING to fenders on two lifeboats onboard the Spanish-owned cruise ship Vistamar is understood to be the cause of a cancelled cruise this week
Tsakos Energy posts record figures TSAKOS Energy Navigation reported record net earnings on record revenues for 1Q06 as its fleet was almost fully employed
Canada's West Coast ports must expand box capacity plans Canada's West Coast container ports need capacity considerably beyond existing expansion plans, to meet anticipated demands by 2015, a Vancouver-based think tank has warned.
Tug and barge service planned for Virginia hinterland
Security concerns cause more delays to Chennai terminal
Yangtze feeder lowers costs says COSCON
CN beefs up intermodal management
Horizon Lines shareholders plan 5.75m share sell off
Russian Troika puts finance to use, in 171-platform order
UK to lose half its officers A UK government study says an ageing workforce and low intake will see numbers fall to 7,000 in 15 years' time.
TEN fixes four Tsakos Energy Navigation has added to its time-charter coverage with upside-sharing deals on four ice-class products tankers.
Private owners into Vinashin? Vietnam's state-owned shipbuilding group will restructure with equitised subsidiaries but the state will retain majority control.
Senesco pays off US Shipping Manitowoc has won two more ATB tankers while Rhode Island's Senesco yard pays $20m to get one off its hands.
Let's have another go Sponsors of Horizon Lines try a second time to sell their shares to the public.
Caught red-fingered Crewman plugging gap with finger on expelled tanker Aral Wind highlight of April US detentions.
Finnlines stake up for grabs Finnish ro-ro owner's second biggest investor will sell if the right offer comes along.
Ready but not waiting? Tsakos Energy files $300m shelf registration in the US but denies it intends to tap markets anytime soon.
PIL's 'shipping REIT' falters Singapore's first maritime fund cuts share price as investor interest wavers.
Tokai profits short-lived From black to red again for Japanese ferry owner.
Aker in mystery share drop Analysts and shipbuilder itself at a loss to explain plunge in price.
Sanoyas slumps Last-minute improvement cannot keep Japanese yard from sliding to a loss in 2005.
Meiji makes a packet Japanese tanker and bulker owner sees profits soar in year to March, but this year's forecast is lower.
SBM raises the bar Dutch FPSO owner is raising 2006 earnings forecast as fleet generates performance bonuses.
Namura heads into the red Japanese shipbuilder plunges to annual loss despite small rise in revenues.
Kyoei crumbles Japanese VLCC owner tears up forecast sheet after profits drop 60% in 2005.
Sasebo on the up Annual profit pushed higher as Japanese yard's revenues jump.
Swede fleet to double in 10 years In 2016, the Swedish controlled merchant fleet will be twice as large as today and Sweden will be back as ...
Mols-Linien celebrates 40 years of service Mols-Linien A/S is celebrating its 40th anniversary this weekend. The ferry service started on May 18. 1966, when ...
Snuff ban on Alandia ferries According to a verdict in the European Court, the exemption against the ban on sale of snuff on Åland is ...
LA barge company receives port funding Port announcing emissions reduction projects, including refits for tug engines.
New trading company formed in Greece Trading company formed to promote international sales for one of the leading suppliers in Piraeus.
P&I club warns members of low sulphur implications Gard warning of technical difficulties and likely strict enforcement of low sulphur regulations.
Total offers low sulphur supply at Baltic border Total refinery on Kiel Canal supplying low sulphur bunkers in the wider Hamburg area.
Suppliers report run on low sulphur bunkers Ship operators in last minute dash to comply with today's Baltic SECA implementation strain prompt supply capacity beyond expectations.
Rotterdam bullish on back of crude
SK Corp to export 1,000 cst HSFO into Singapore Low demand in South Korea's bunker market may have prompted the export, which is scheduled to arrive in early June.
Oil prices remain high despite surplus of supplies With crude over $70 per barrel, Saudi Arabia's foreign minister pledges to lower oil prices.
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