PSA sets indicative yield for US$1b bond issue: source PSA International, operator of the world's busiest container port, has set an indicative yield range for its global bond issue, which is expected to be US$1 billion in size.
South Korean yards to raise prices again SOUTH Korean shipbuilders are prepared to impose further incremental ship price rises as cover against a still appreciating won.
Transpetro signs Brazil orders worth $1.27bn TRANSPETRO has concluded orders for 16 tankers, the first to be built in Brazilian shipyards for more than 10 years.
Asian alliance to fight pirates goes ahead despite dissenters AN ASIAN regional anti-piracy agreement, including an information-sharing centre in Singapore, will come into force in September despite an absence of support from Malaysia and Indonesia.
COSCO Pacific cuts box stockpile COSCO Pacific has sold a significant chunk of its container stockpile, but has no plans to reduce its container leasing business
Crew saved from sinking ship All 18 Indian crew from distressed vessel Kaniya were saved off the coast of Somalia this morning by Jo Tanker's Jo Betula
IMAREX buys energy research firm IMAREX, the Norway-based electronic marketplace for freight derivatives, says it will acquire NENA, an energy and CO2 emissions research firm
BC Ferries probe retrieves equipment A team operating an unmanned submersible vehicle to probe the bridge of the BC Ferries vessel Queen of the North has been able to retrieve the ferry's GPS and AIS systems
Danes make Dutch Maasvlakte dreams come true AP Moller Terminals is the first customer to reach agreement with the Rotterdam Port Authority for a terminal on the Maasvlakte II project giving the authorities the necessary launch partner.
Polish infrastructure hampers exports say shippers Polish shippers see containerisation as the cheap way to move goods and boost trade, but this potential is stifled by factors including infrastructure and the success of the small-business economy.
Emirates and partners edge charter indexes upwards
Asian Short-haul market in two-year slump
Owners order more post-panamax tonnage
COSCO Pacific to sell lease boxes for US$869m
PSA to issue US$1bn bond to fund Hutchison deal
ELAA set to release post-4056 proposals
Bay Watch reports poor ID processes at Tanjung Priok
Taking stock Newly bullish John Fredriksen and Tor Olav Troim have bought '$5m to $6m' in Frontline stock and see VLCC rates topping $200,000 per day in fourth quarter.
Citigroup loses US head Banking giant makes rare management change as its 'quiet American' steps down after 13 years.
Spirited protests downunder Maritime Union of Australia members protest at lack of funding for Spirit of Tasmania III ferry service.
CSC seals Iran funds Sri Lanka's Ceylon Shipping Corp to use Iranian special credit line to purchase tanker and containerships.
Chemoil targets growth in Europe Californian bunker supplier takes full control of Rotterdam-based Allround Fuel Trading.
Double detention Greek open-hatch bulker detained in Sydney and Fremantle during May with lengthy rap sheet.
Matson ups Pacific Islands links US to Hawaii container line charters 650-teu Cerrina (built 1993) to increase services to Micronesia.
Box sell-off for Cosco Pacific Chinese container lessor gets $870m-worth of assets off its balance sheet.
Heat to blame Temperatures of 42' C blamed for Vietnam yards' failure to launch tweendecker newbuilding.
Tanker explodes off Nigeria Two seriously injured as lightering vessel explodes in the port of Lagos.
Stolt rejected Criminal indictments could follow soon after 12-judge court of appeals refuses Stolt's petition for rehearing in antitrust case and parcel owner's options dwindle.
Wallenius took delivery of the first newbuilding The Stockholm based PCTC owner Wallenius Lines has taken delivery of the "Aida" from Daewoo in south Korea. The naming ...
Stolt-Nielsen risks big fines The US Department of Justice is now free to charge chemical tanker owner/operator Stolt-Nielsen with illegal price fixing ...
Langesund-Strømstad postponed again Nye Kystlink has postponed the start-up of the ferry link between Langesund and Strømstad until this autumn so as ...
Aggressive competition turns West Coast bearish Los Angeles and San Francisco seeing lower prices as suppliers look to shift product and grab demand.
Port Houston joins EPA emissions group Consortium investigating projects involving alternative fuels and diesel engine controls.
US crude stocks swell to eight-year high DOE report shows US crude stocks at their highest since May 1998 after latest weekly increase.
Sino Union on the move
War with Iran could triple oil price Saudi official warns of 'inferno in the Gulf' if the West were to use military force against Iran.
Bunker supplier launches lubricants service Romanian bunker supplier announces establishment of new lubricants department to meet clients' requirements.
Chemoil acquires remainder of Dutch trading firm Allround Fuel Trading fully acquired nearly eight years after Chemoil bought initial 50% stake.
Rotterdam fuel oil stable as gasoil sinks
South Korea: Bunker demand muted as buyers hold off Buying interest remains low despite bunker prices softening since Monday.
Singapore: Buyers informed of off-spec fuel by supplier Singapore supplier informs MPA that it is in contact with the buyers of off-spec fuel to ensure the safety of the vessels, debunkering scheduled in July.
Shanghai Petroleum Exchange commences trial trading The exchange started its simulated trial operation today with 380 cst and 180 cst as its trading products.
Global oil demand set to rise by 37% US-based EIA predicts world oil demand to rise by 37% by 2030.
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