Panama to double canal tolls to pay for US$5.25b expansion PANAMA plans to double tolls for its famous canal over the next 20 years to finance an ambitious US$5.25 billion expansion of the waterway, and its payments to the government should not fall in coming years.
UAE was 'dismayed' by US ports furore THE United Arab Emirates was dumbfounded by the political storm in the United States over a move by one of its companies to manage six American ports and is now watching for the reaction to another planned takeover, the Gulf country's economy minister said on Tuesday.
SCI eyes parallel routes of growth via more JVs STATE-run Shipping Corporation of India Ltd plans to pursue more joint ventures to help unshackle itself from lengthy government approvals for buying vessels that cap its growth, its chairman said yesterday.
PSA Int'l to take US$2.6b loan to buy Hutchison stake
Lloyd's stand on Malacca Strait disappointing: Najib
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said it received an order valued at US$540 million to build four container ships.
Panama to double canal tolls to pay for US$5.25b expansion PANAMA plans to double tolls for its famous canal over the next 20 years to finance an ambitious US$5.25 billion expansion of the waterway, and its payments to the government should not fall in coming years.
UAE was 'dismayed' by US ports furore THE United Arab Emirates was dumbfounded by the political storm in the United States over a move by one of its companies to manage six American ports and is now watching for the reaction to another planned takeover, the Gulf country's economy minister said on Tuesday.
SCI eyes parallel routes of growth via more JVs STATE-run Shipping Corporation of India Ltd plans to pursue more joint ventures to help unshackle itself from lengthy government approvals for buying vessels that cap its growth, its chairman said yesterday.
PSA Int'l to take US$2.6b loan to buy Hutchison stake
Lloyd's stand on Malacca Strait disappointing: Najib
Port Shots
Port Shots HYUNDAI Heavy Industries Co, the world's largest shipbuilder, said it received an order valued at US$540 million to build four container ships.
US revives McCarthy era law for port workforce ID checks SPYCATCHER legislation designed to weed out Communists in the 1950s McCarthy era is being revived as part of a new US worker identification regime designed to protect ports and terminals from terrorists.
MAIB issues alert on cruiseship balcony fire risk WHILE investigations into the cause of last month's fire aboard the cruiseship Star Princess continue, the UK Marine Accident Investigation Branch has today issued a safety bulletin warning of the shortcomings in fire protection on ships' balconies.
Atacama deal first of many, says DryShips DRYSHIPS has wasted no time in putting its recent refinancing to use, announcing the purchase of its 29th ship attached to a 22-month time charter, writes Rajesh Joshi in New York.
Aon rates Malacca Strait high risk in new piracy threat map A LEADING insurance broker has introduced a ratings guide for piracy hotspots, which could add to pressure on London underwriters to ease their risk weighting for the Malacca Strait.
DFDS head expected to make changes THE new head of DFDS has a stable base from which to go forward but is likely to make some adjustments in the passenger shipping division, analysts believe
Concordia falls back in first quarter SWEDISH tanker operator Concordia Maritime is heading towards its earlier forecast of full year earnings after 1Q06 figures came below those of the same period last year
Iranian tanker awaits its fate THE Iranian 27,360-dwt tanker Rashleigh, which arrived at Alang for demolition with 17 crewmembers, has been trapped in the Arabian Sea for three weeks
Jamaica-Trinidad gas deal confirmed TRINIDAD & Tobago has officially agreed to supply Jamaica with natural gas beginning in 2009
Docker checks boost security: Chertoff US Department of Homeland Security Secretary Michael Chertoff has announced that longshoremen across the country are to be checked against terrorist watch lists
Japanese charter for Russian cargo JAPANESE operator Uyeno Transtech is believed to have agreed to charter two 12,400-dwt newbuilding chemical tankers from Kyowa Sansho for Russian Far East business
House panel rejects scan-all proposal The Homeland Security Committee rejects a proposal requiring scanning of all containers at foreign ports before they are loaded on ships bound for the United States.
Nadler vows to fight on for scan-all bill
Puerto Rico faces shutdown
NWA pilots union chiefs safe
CKYH upgrades all-water U.S. East Coast loops
Shippers driving further consolidation of liners, terminals
Tap industry data to secure containers: Horizon CEO
Eurogate and SSA form partnership in bid for DPW's US terminals Eurogate, the European terminal and logistics operator, is keen to shed its geographical strait jacket with a bid for Dubai Port World's former P&O terminals in the US.
Consolidation under consideration at every stage of supply chain Consolidation is being considered at every stage of the supply-chain, from terminal operators and ocean carriers down to shippers' co-operations, according to participants in today's Containerisation International conference in London.
Bigger feeders bolster charter market
PSA to finance Hutchison deal with bank loans
Road/Rail separation project to tackle Melbourne bottleneck
Dispute between Capital Lease and Shekou port over depot charge
Transatlantic heads south First-quarter profit takes a dive at Transatlantic of Sweden but the company remains positive for the full year.
V Ships claims Leeds Castle Ship manager confirms that its subsidiary, and not BNavi, managed bulker at time of captain's arrest for alcohol intoxication.
Charter cheer Taiwan Navigation clocks second year of profit increases on the back of long-term contracts.
Havila pockets issue cash Norwegian offshore shipowner raises money from private placement, while Saevik family retains control.
Up and down for Concordia Sales up but profit down at Sweden's Concordia Maritime as vessel purchases take over from vessel sales.
Alliance boosts US service K Line, Hanjin, Yang Ming and Coscon ready eight ships for run from Asia.
Rettig adds another Subsidiary Bore buys Dutch ro-ro as expansion continues apace.
'Close, but it's not us' Greece's Attica Holdings says compatriot Magna Marine is behind the expected sale of two bulkers by Jinhui Shipping.
Teco lifts net Profits are up at US ocean and river dry-bulk carrier Teco Transport even with a $2.7m hangover from Katrina.
Money rolls in at Losinjplov Croatian ro-ro owner sees earnings and revenues soar in 2005.
Jinhui booking gains Jinhui Shipping peppers vessel sales with old and new units in effort to spruce up fleet and turn a quick profit.
Excelerate pops up in the UK Houston-based LNG player unveils first gas project outside the US.
Five missing in Marmara Sea Authorities investigate reports Turkish freighter may have sunk after colliding with tugboat.
ACL back in business US barge operator emerges from Chapter XI protection with shiny new profit.
People power at Gdansk? As the sale of the birthplace of Solidarity drags on, yard workers could make a bid.
Spare me a quarter? Cosco Shipping (Coscol) continues to lose change in the first quarter as high fuel costs burn through healthy sales figures
Thun back at Ferus Smit Swedish owner teams with Brostrom for products tanker duo in the Netherlands.
Star starts better Norwegian reefer owner sees policy of buying chartered-in ships pay off in first quarter as costs fall.
Zodiac orders at Hyundai Sammy Ofer group places order for four large containerships at South Korean shipbuilder.
MMM's Iraq plans on ice Malaysian Merchant Marine's plans to rebuild Iraq's tanker fleet thwarted by political upheaval.
US to screen port workers US Department of Homeland security to check 400,000 names against terrorist watch lists.
Hatsu down Mexico way Evergreen's UK subsidiary is launching a new service linking Europe with the US and Mexico.
AWB takes Nirefs US-listed Diana Shipping fixes 2001-built panamax to Australian Wheat Board for 18-21 months.
Broström and Thun order tanker pair Swedish owners Broström and Thun has on a 50/50 basis ordered two product tankers from Ferus Smit in Holland ...
Better and worse for Transatlantic Swedish owner Transatlantic reports a SEK 18 million (EUR 1.9 million) operating profit for Q1 this year, better than in ...
No change in expectations for Concordia Tanker operator Concordia Maritime reports a SEK 17.2 million (EUR 1.8 million) after tax result for the first quarter, down ...
Engine fuel rule expected in two weeks California Air Resources Board reviewing final version of auxiliary engine regulation ahead of 15-day comment period.
California LNG carriers powered by natural gas BHP confirming its alternative vessel fuel plans for its off-shore gas supply project.
Volgotanker problems could hit St. Petersburg fuel oil exports Volgotanker unable to ship volumes to southern ports, while shipments on northern route are also under threat as river navigation season is set to commence.
Crude surge to push Russian export duties to new highs Finance Ministry official predicts new record highs when the current monitoring period is over.
Lubrizol: Board declares quarterly dividend
Big is beautiful in Rotterdam's marine fuel sector Rotterdam's marine fuel industry is scaling up to meet the demands of new-generation containerships and should stay on course for continued growth.
Crude drops fail to dent strength in Rotterdam bunker market
South Korea: Price spread widens for distillates Huge price spread of $55 for MDO and MGO, demand healthy ahead of May.
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