DP World expected to seek new US review of P&O deal AFTER two days of behind-the-scenes negotiations with the Bush administration and Congress, the Dubai company seeking to manage terminals at six ports in the US is expected to announce by today a deal in which it will invite the government to conduct a broad new review of security concerns, according to two senior administration officials and an adviser to the company.
Security at model port not foolproof TO US officials, the sprawling port along the Persian Gulf here, where steel shipping containers are stacked row after row as far as the eye can see, is a model for the post-9/11 world.
'Queen Mary 2' meets its predecessor THE giant cruise ship Queen Mary 2 sailed from Los Angeles harbour last Wednesday on a voyage to the past.
DP World acts to soothe fears over deal DUBAI group DP World has agreed to "segregate" the US component of its P&O takeover and effectively freeze plans to gain operational control over terminal facilities in five US ports as it moves ahead with plans to close the $6.8bn deal this week.
Attack on Saudi plant pushes oil above $62 OIL prices have stormed above $62 a barrel after an attack on one of Saudi Arabia's largest oil facilities and renewed threats by Nigerian militants to target oil production in the Niger Delta.
South Korean shipbuilders urge cut in Japanese steel SOUTH Korean shipbuilders and Japanese steelmakers remain deadlocked in their latest round of negotiations on the import price of steel plates, a spokesman at Hyundai Heavy Industries confirmed Friday.
KG financing 'has no future in present form' LEADING Hamburg KG financiers and tramp owners have predicted the death of the traditional KG ship financing model.
Frank scoops newsmaker award SERGEY Frank, chief executive and president of Sovcomflot, was named the first Lloyd's List Newsmaker of the Year at a gala award ceremony in London Thursday evening.
DPW blinks in stand-off with US critics IN an effort to quell the firestorm of controversy over its entry into the US port sector with the acquisition of P&O Ports, DP World has announced that it will move forward with the purchase of P&O Ports' global holdings next week but will leave terminals in the US under P&O control while Congress has time to study the deal
GE moves into container consolidation GREAT Eastern Shipping, India's largest private shipping company, is moving into container transport and freight stations
Lakers unite for green goals US and Canadian ports and shipping lines on the St Lawrence Seaway and Great Lakes have formed a 'Green Marine' coalition to promote environmentally-friendly standards
Stolt-Nielsen ends year on a high STOLT-Nielsen Transportation Group reported a strong 2005, although operating income for the fourth quarter fell from the previous three months
Brostrom forecasts strong year Brostrom, the Swedish product tanker group, posted a strong fourth quarter and forecasts a good year ahead for the sector
DP World requests 45-day review The Dubai company seeks to mollify critics who cite security risks in its takeover of P&O's cargo operations at 21 U.S. ports.
ILA rally against P&O takeover
New Jersey, PA sue to block ports deal
Europe View: Disbelief over U.S.-Dubai fight
Ports deal no threat, says Calif. congressman
Evergreen, Cosco ready China-U.S. all-water service
Subcontinent rates crash 25% over last three months Container freight rates from India to Europe, the US and Middle East fell by US$100/TEU in January, a survey by the Confederation of Indian Industry shows.
Dubai Ports corrals US terminals in bid to head off critics DP World in the US issued a statement last night acknowledging the concerns over security and saying that it will ring fence its US operations until consultations have been concluded.
Evergreen's Chang raises post-panamax alarm
China's Zhen Hua shows interest in Bojonegara project
SLPA and CSC enter into feeder agreement
EMC and COSCON to launch new Pacific loop
Hong Kong to tender three sites for logistic services
ICF in the profit zone
Hanjin enters JV with Thai agency
Canadian railways see intermodal traffic surge
Surprise announcement of early retirement by SBB chief
Broström reports strong performance 2005 Göteborg-based Broström reports a SEK 720 million pre-tax result in 2005, more than double compared to 2004 when ...
"M. Pioneer" crew leaves and flies home The bulk carrier "M. Pioneer" has now left the port Fredericia and is anchored at the roads before leaving for ...
One step closer to tonnage tax in Sweden The Swedish tonnage-based tax system commission of inquiry has submitted its proposal to the Swedish government. The commission proposes ...
Bullish crude leaves bunker markets quiet Little US market activity today as crude rallying and buyers staying away.
Open arb & reduced to supply to keep European fuel oil supported Reduced supply from Russia and Asian demand for arbitrage cargoes expected to keep European fuel oil markets supported for the next two weeks, according to traders.
PDVSA advises Carnival holidays
Crude rallies after major Saudi oil scare Foiled attack on Saudi Arabia's most important oil facility sends shivers through the market.
Transbunker Group celebrates 15 years in oil and bunkers Transbunker Group and key subsidiary Bunker Holdings have major ambitions in the European bunker market, with expansion set to continue.
Rotterdam/Antwerp firmer in slow trade
Singapore suppliers hold back on low-sulphur business Market opportunities for low-sulphur fuel in Asia remains unclear and Singapore suppliers prefer to hold back.
Work on Asian refineries lowers fuel supplies Lower refining capacity to reduce fuel supplies and help lift margins.
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