Emirates line sets sail with Colombo-NY service THE liner industry's newest player - Emirates Shipping Line - has officially opened for business with its first service - Indian sub-continent to the US east coast - set to sail next month.
Orient Overseas Q1 sales up 3.9% on more cargo ORIENT Overseas Ltd, owner of Asia's seventh-biggest container shipping line, said first-quarter sales at the unit rose 3.9 per cent after cargo volume increased.
Key US oil-handling port's lifeline at risk THE only road in and out of Port Fourchon, Louisiana, the main US staging point for deepwater oil and natural-gas production, sits less than a metre above the marshland.
PSA pays $4.3bn for 20% Hutchison stake HUTCHISON Whampoa has sold a 20% stake in entire global ports network to Singapore rival PSA International for US$4.39bn.
Voices from beyond the grave echo doomed Red Sea ferry's final hours A CHILLING transcript of the conversations recorded by the black box recorder of the Al Salam Boccaccio 98point to a string of failings by the captain and crew in the last hours of the ill-fated vessel's voyage.
Hutchison stake buy stuns PSA rivals CONTAINER industry executives in Asia are stunned by the implications of PSA International taking a 20% stake in its largest rival Hutchison's global port network.
RCCL downplays Caribbean fears ROYAL Caribbean Cruises Ltd (RCCL) confirmed the existence of new pricing pressures on Caribbean itineraries
PSA placed on credit watch list STANDARD & Poor's has placed PSA on credit watch following the $4.4Bn purchase agreement with Hutchison
Hapag focuses on ships not terminals HAPAG-Lloyd is worried about future bottlenecks at European container ports because of strong growth, but will not invest heavily in terminals
Iran oil bourse on stream by mid-year TEHRAN has reiterated that its much-publicised plan to launch an 'oil bourse' is close to reality and will become operational on Kish Island within next two months
RCCL hit by fuel, capacity shortfall ROYAL Caribbean Cruises Ltd (RCCL) profits were driven down in the first quarter by a combination of higher fuel costs and lower ticket revenues
Intoxicated bulker master arrested THE CAPTAIN of a Cayman Islands-flagged bulker has been arrested in New Orleans for being drunk on duty after a pilot smelled alcohol on his breath
PSA buys Hutchison stake for $4.4B Hutchison Whampoa, the world's largest port operating company, will sell a 20% stake in its port operations to Singapore rival.
PSA unveils HPH investment PSA International, the world's second-largest operator of container terminals, has purchased a significant stake in the world's largest operator of box-handling facilities, Hutchison Port Holdings.
Samudera issues profit warning With freight-rates on the wane, listed Samudera Shipping Line has issued a profit warning, covering Q1 2006 and the rest of 2006, citing additional capacity 'being experienced' by the industry.
Canadian Government sets obligations for Pacific ports on container trucking
Industry seeks interpretation of conclusions in China's THC investigation
Strategy change sees TPS Surabaya Q1 throughput drop
Intermodal activity drives Q1 profit, as CN plans upgrade to key hub
May flowers? Tanker stocks have been dampened lately, but one analyst says they could be ready for a traditional May blossoming as a rates recovery takes root.
Yuriy Sixtimes Navalmar captain was way over tippling limit when New Orleans pilot brought the party to an end, Coast Guard says.
Bunker blow for RCCL Profit falls as rising fuel bills threaten to be more than $100m above 2005 levels.
PSA in huge port deal Singapore goes for international port growth by taking a $4.4bn stake in Hutchison Whampoa terminal portfolio.
Seatrade buys reefers Dutch specialist snaps up four 540,000-cbf vessels from Greek owner for $70.5m.
Imperfect 10 for Hong Kong Evergreen and Arpeni ships feature on March detention list, with eight other vessels.
Jnhui offloads another Hong Kong owner books profit on sale of a second 1980s-built bulker in as many weeks.
Zim takes flight Ofer-controlled boxship line takes a quarter of Chinese airline start-up.
Rina racks up growth Italian class society builds fleet in 2005, boosting earnings in the process.
Cyprus for the white list? Optimism runs high in Cyprus that the next meeting of the Paris MOU will see it promoted to the regime's white list of flag states
Exmar tables share split Stock will be divided five-for-one as Belgian gas carrier's share price continues meteoric rise.
Soderberg to step down at 65 AP Moller-Maersk boss will not continue past normal retirement age in three years time.
Western India delivers loss Goa-based shipyard slumps to another annual loss but recent newbuilding orders should see improved result next year.
Thumbs up for Arpeni Indonesian bulker and tanker owner receives B+ credit blessing from ratings agency Standard & Poor's.
Costa blames underage drinking Family of teenager who fell to her death from a Costa Cruises vessel look set to continue their struggle for answers.
Master rapped over anchor drop Captain of Sydney Ferries ship left bridge to assist in desperate attempt to avoid collision with quayside.
Samudera issues profit warning Intra-Asian liner player says high and volatile bunker price and excess capacity will hit 2006 results.
Canada holds five Inspectors find fault with four bulkers and a general cargoship during March, after a blank month in February.
More ships to Maersk US-flagged fleet The A. P. M'ller-Mærsk Group has added more container vessels to its US-flagged fleet. Five vessels were acquired ...
Rem orders two MPSVs at Kleven Norwegian owner/operator Rem Offshore in Fosnavåg has ordered two type MT 6022 Multi Purpose Supply Vessels (MPSVs) at Kleven ...
Cabins from Piikkio to giant drilling rigs Leirvik Module Technology AS has decided to use cabins manufactured by Aker Yards Piikkio for the accommodation area in two
Bears stay in hibernation as oil hits $75 Crude goes even higher as US bunker prices hit new records, frustrate buyers, and confound suppliers.
Volendam opens Vancouver cruise season Bunker market will see 50% boost from busy ship call schedule as cruise lines feel effects of high fuel prices.
Trader departs from Triton A trader has left the company to pursue his own venture.
Floating storage short term solution to tight Asian tankage Vitol to place floating storage off Pasir Gudang as tight tank availability, increased trading levels and falling freight rates generate interest in floating units.
Bunker tanker sold for operations in East Africa A South African firm has sold its tanker to a Greek buyer who will operate the vessel as a bunker tanker off East Africa.
Brief respite for Rotterdam indications
Bunker costs set to eat into profit Asian liner operator has issued profit warning for 2006 on higher bunker prices and lower freight rates.
Japan: Weak market ahead of Golden Week Demand dull ahead of Golden Week holiday; bunker supplies not affected by Cosmo refinery's fire.
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