Toll increases bid for Patrick 17% after clearing antitrust hurdle TOLL Holdings Ltd, Australia's biggest freight company, increased its hostile bid for Patrick Corp by 17 per cent to A$5.4 billion after overcoming antitrust opposition to the deal.
Japan foundation gives M'sia training ship AS part of its ongoing efforts to promote navigational safety and security in the Strait of Malacca, Japan's Nippon Foundation has donated a training patrol vessel to Malaysia's newly formed coast guard.
More dry ports needed to boost traffic: official EXTENDING Asia's inland transport connectivity and establishing dry port networks linked to seaports will speed cargo movement, spread the benefits of globalisation and create new markets, a Bangkok-based United Nations transport official said yesterday.
Cosco to double container capacity by end-2008
Strait Talk
World's navies tackle Somali pirates, at last LAST week, the United Nations Security Council urged UN member governments to use naval vessels and military aircraft in the fight against piracy and armed robbery off the coast of Somalia.
Toll increases bid for Patrick 17% after clearing antitrust hurdle TOLL Holdings Ltd, Australia's biggest freight company, increased its hostile bid for Patrick Corp by 17 per cent to A$5.4 billion after overcoming antitrust opposition to the deal.
Japan foundation gives M'sia training ship AS part of its ongoing efforts to promote navigational safety and security in the Strait of Malacca, Japan's Nippon Foundation has donated a training patrol vessel to Malaysia's newly formed coast guard.
More dry ports needed to boost traffic: official EXTENDING Asia's inland transport connectivity and establishing dry port networks linked to seaports will speed cargo movement, spread the benefits of globalisation and create new markets, a Bangkok-based United Nations transport official said yesterday.
Cosco to double container capacity by end-2008
Strait Talk
World's navies tackle Somali pirates, at last LAST week, the United Nations Security Council urged UN member governments to use naval vessels and military aircraft in the fight against piracy and armed robbery off the coast of Somalia.
Stricken Hyundai Fortune 'still afloat' as salvors near THE containership Hyundai Fortune, ablaze off the Yemen coast is still float, owner Hyundai Merchant Marine said this afternoon.
Blast rips through packed Hyundai Fortune CARGO insurers face huge claims from the loss of hundreds of containers ablaze on a Hyundai Merchant Marine ship off the coast of Yemen.
South Korean yards dig in heels on newbuilding prices BACKED by a boom in tanker orders and backlogs of three years or more, South Korean shipbuilders are standing firm on newbuilding prices with some saying they may rise further.
Barcelona yard to take Marseilles concession UNION Naval Barcelona is set to take over as operator of drydocking facilities in Marseilles in May with the avowed aim of developing the 'biggest shiprepair yard in the Mediterranean', says managing director Francisco Arderius.
Mystery over death on the Nile ONE Egyptian crew member was left dead, and another seven alongside 28 German passengers were injured after an accident of a river cruiseship on the Nile late on Tuesday, writes Katrin Berkenkopf in Cologne.
American Club 'will act fast' LEADERS of the American Club are drawing up a circular to brief shipowner members about measures to improve its capital standing, as the wider protection and indemnity industry expresses concern about the setback caused by the club's difficulties to the mutual system, writes James Brewer.
BC Ferries sinking: all rescued BC Ferries has confirmed that all 101 passengers and crew aboard the Queen of the North have been safely evacuated. The 125m-long, 8,889-gt vessel, built in 1969, struck a rock off Gil Island in Wright Sound at about 0043 today and sank within an hour
Romanian vessel had 28 deficiencies A Romanian general cargo vessel that suffered engine failure at Falmouth, UK, on 4 March and again on 15 March had earlier been detained at the port for 28 deficiencies
P&O Cruises drops P&O house flag CARNIVAL Corp's UK subsidiary P&O Cruises is ditching its 30-year link to the P&O house flag on its external and internal communications
J Lauritzen charts further growth DANISH shipping group J Lauritzen has been encouraged by a "very satisfactory" 2005 to seek further growth of its operations, Full story
Color posts firmer trend on Oslo-Kiel STAGNATION of business on two short-haul ferry services bucked a firmer trend on the core Oslo-Kiel route of Color Line, the Norwegian ferry and hotel group
Foreign operators fear DPW fall-out FOREIGN operators of US terminals are 'trembling' in the wake of the Dubai Ports World fiasco, according to a US security expert
Russians debate future for a professional logistics sector Russian transport users, arguing that a well-developed domestic industry will help create a professional and high-quality logistics sector, have continued their argument against the supporters of a transport-led approach to development.
Union 'helped convict Wallenius' A chief engineer could be jailed for five years and Wallenius is on probation after pleading guilty of pollution in the US.
DryShips on the move again George Economou's public firm signs major new debt facility with potential $143m for new acquisitions.
DP World looks east Dubai ports company targets port development in Pakistan as remedy for US hangover.
Crew safe after blaze HMM boxship severely damaged off Yemen after huge fire, with containers lost overboard making shipping hazardous in the region.
Dirty dozen held in US Drunken crew, an infamous Turkish bulker and more oily-water separator cases feature in February list of shame.
CP Ships pushes down profit German group TUI says 2005 shipping earnings drop a little after acquisition of containership line.
Ageing ferry sinks off BC More than 100 passengers evacuated as BC Ferries' Queen of the North grounds and capsizes.
Patrick blocks Toll bridge Toll Holdings has some hard convincing to do if it is to succeed in its latest bid for Patrick Corp of Australia.
Anek back in black Greek ferry operator boosted by higher revenues and a ship sale in 2005.
Chambal sows seeds of growth Indian fertiliser producer Chambal orders two aframaxes from Hyundai Heavy to add to a recent purchase from Cardiff Marine of Greece.
Not so sweet FFA Navios of Greece sees profit plummet as poor FFAs and ambitious fleet expansion programme take their toll.
Braemar cleans up UK shipbroking group adds pollution response firm DV Howells to its marine portfolio.
One bite only Brazilian owner told it was wrong to re-litigate its dispute with Triton after losing out in the US.
FreeSeas inches into profit US-listed Greek bulk ship operation makes a profit of $100,000 in fourth quarter on three ship fleet.
Canal is a record-breaker Daily tonnage total reaches new high at Panamanian waterway.
Euroseas sells bulker Greek bulker and boxship owner offloads 1981-built handysize for just under $5m.
B+H builds earnings Successful 2005 for US tanker owner as it prepares to convert six single-skinned ships to double-hulls.
Sherwood steps down Sea Containers founder retires after 41 years at the helm with $200,000 a year for the next decade.
Eastwind to double boxships John Kousi-led US shipowner Eastwind says it is in negotiations to buy four containerships to add to the four it owns.
Tallink buys Superfast ferries Greek Attica Holdings sells the ro-pax ferries "Superfast VII", "Superfast VIII" and "Superfast IX" in a EUR 310 million ...
"Credo" delivered The 21,353-DWT bulk carrier "Credo", owned by Swedish Donsötank (65 per cent) and Finnish ESL Shipping (35 per cent ...
New Bornholm ferry sailed from Singapore The new passenger fast ferry "Bornholm Express" is now on its way to Denmark from the builders in Singapore. The ...
DOE & API: Latest key US inventory figures The weekly statistics from the US Department of Energy show draws across the board but mainly positive year-on-year comparisons.
Expansion of additive capacity unlikely Current tightness in the additive market is part of a long-term structural change in the market, with no significant expansion likely, conference delegates told.
Bungled refueling attempts result in spill convictions Two shipping companies have been found guilty of two oil spills occurring on the same night in 2004, both as a result of bungled refueling attempts.
Market still quiet on Rotterdam bounce
Gladstone: Bunker barge due for dry-docking Gladstone supplier IBS advises bunker buyers to plan their forward bunker requirements.
Ship operator posts profit despite high bunker costs Bunker fuel costs has resulted in higher operating costs for Greek passenger operator.
Malaysia urges removal of war-risk status on Malacca Strait Launch of Malaysia's new coastguard signals strong measures to counter piracy in the strait.
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