Ship for Dubai firm another marvel from ST Marine THE recent launch of a container ship at the ST Marine yards may have gone without much fanfare, but for the Singapore Technologies Engineering subsidiary it was another display of its capability in non-defence building projects.
TUI shares gain 6% on talk of takeover by AP Moller-Maersk SHARES of TUI rose almost 6 per cent yesterday on market talk that Denmark's AP Moller-Maersk is interested in buying the German tourism and container shipping company.
Orient Overseas plans to sell four container terminals ORIENT Overseas Ltd, owner of Asia's eighth-largest container shipping line, said it may sell four terminals in the US and Canada.
Indon navy arrests tsunami aid pirates
Royal Caribbean seen posting 22% drop in Q2 profit
Korean yards face Japanese steel price demands JAPANESE steel plate suppliers are demanding South Korean shipbuilders accept a rise in steel plate prices as yard workers call for higher wages, bonuses and welfare payments.
Tui shares seesaw as rumours of Maersk takeover excites market SHARES in Hapag-Lloyd's parent company Tui soared briefly yesterday on speculation, later dismissed by container industry insiders, that AP Moller-Maersk is hovering in the wings with a takeover bid, writes Katrin Berkenkopf in Cologne and Janet Porter.
Turkey joins in Lebanon refugee operation TURKISH ports have relieved some of the pressure on Cyprus by opening their doors to evacuees from war-torn Lebanon.
Judgement leaves salvors facing bigger risks SALVORS' exposure to risk looks set to increase after a High Court ruling in London yesterday in favour of the owners of a ship caught up in the d'b'cle surrounding the Tasman Spirit oil spill.
HK shipping register tops 31m tonnes Hong Kong's shipping register briefly crossed the 31m gross tonnes mark to reach a new record, writes Keith Wallis in Hong Kong .
Princess admits human error LOS ANGELES 26 July - Princess Cruises president Alan Buckelew has confirmed in an open letter to passengers that last Tuesday's dangerously heavy list aboard the Crown Princess "was due to human error and the appropriate personnel changes have been made".
Boxship freed at Jacksonville THE container ship Horizon Discovery, which grounded yesterday in the St John's River in Jacksonville, Florida, was freed last night and is now undergoing a hull inspection
Erika trial pushed back yet again HEARINGS that will start the long-awaited Erika trial are now set for 12 February 2007, it was reported yesterday
OMI beats earnings forecasts OMI Corp handily beat Wall Street earnings forecasts in a record second quarter as it rode higher capacity and improved Suezmax crude rates
Russian terminals divided in split THE two controlling shareholders of Russia's leading box stevedore, National Container Company, have fallen out and are trying to divide the assets between them
MarAd nominee moves forward MARAD Administrator designate Sean T Connaughton will face a formal hearing on his nomination by the Senate Commerce Committee tomorrow
Trade groups say Customs needs to rebalance security and trade facilitation The NCBFAA's Muoio (far left) tells House panel Customs and new chief Basham need to rebalance duties.
Alliances join on all-water, U.S. East Coast service
Hanjin upgrades Asia-LatAm
Coast Guard panel cites issues with port ID card
APL signs long-term pact with the Port of Oakland
ICC calls for WTO trade negotiations to resume
Norfolk Southern volume grows
Horizon ship back in service
DP World signs for Peru port
DHL, Lufthansa Cargo in strategic security partnership
Trade bodies call for streamlined customs Trade bodies may be resigned to 'red tape' introduced by the EU's revised Customs Code ' now being fine-tuned ' but they are urging the Commission to streamline other legislation.
DPW and ICTSI show interest in Lamong Bay project Dubai Ports World and International Container Terminal Services Inc have both expressed an interest in the Lamong Bay project in East Java, said Indonesian Transport Minister Hatta Radjasa last week.
Smaller, lower-spec vessels dip below horizon
Santos truckers threaten action to keep concessions
Commission cancels enquiry after CIMC abandons Burg takeover
MAX pact sees MISC become silent Middle East partner
Nice surprise, but.... Genmar beats 'street' earnings estimate, but takes $2.4m reserve for Kestrel collision, $3.7m more for Glencore's claims against OBOs.
Courting the Supremes Finding no justice with Justice David Souter, Stolt-Nielsen is trying a new justice in John Paul Stevens.
Eagle flying too high UBS lowers recommendation after recent share surge pumps up valuation, while Nordic and Double-Hull also docked.
$3.25m fine for Yang Ming Record penalty as US settles allegations that containers lost overboard from Med Taipei in 2004 damaged marine sanctuary off California.
Siem stock surges Investors like second quarter numbers which show 40% hike in sales and $13m in profits.
Interest costs Star Reefers Financing of bigger fleet keeps a lid on Norwegian owner's first-half profit.
Asso Maritima plots expansion Augusta Offshore's Brazilian offshoot looking to order three supply ships and three anchor handlers.
TUI shares spike on Moller rumour Speculation the Danish giant could make a move on its German competitor sends stock price up 6%.
Hamworthy wins Samsung deal UK company to supply LNG regasification kit for two Hoegh shuttle vessels under construction in Korea.
STX exceeding expectations South Korean shipbuilder has raised its 2006 order forecast by 30% as new business increases.
Cobelfret reaches tipping point Belgian ro-ro owner's directors have won control of just over 50% of UK ports group Simon's shares.
Mercator sees weak start Indian tanker and bulker player's results dulled by increased operating and drydocking expenses.
List blamed on human error Princess says crew to blame for incident that left passengers injured as first lawsuit is filed.
NYK extends TPC links Japanese shipowner secures a second charter contract to ship coal from Taiwanese power company.
Euronav's profits slip Belgian tanker owner sees 12% decline in net profits for second quarter of 2006 compared to a year ago.
Bunker supplier caught in black market fuel sting Authorities making eight arrests, leaving future of company uncertain.
US court decision may set pollution precedent Federal authority upheld for oil spills and industry groups pondering implications for wider ship emissions rules.
SECA driving growth in additives market Consulting company says new sulphur restrictions driving growth in fuel additives markets and predicts increasing revenues this year.
DOE at a glance: This week's key US inventory figures
Quiet barge market in Rotterdam
No improvement in number of pirate attacks Emergence of new risk areas counterbalancing positive developments in old hot-spots.
Hong Kong: Suppliers braced for tight avails Shortage in avails a possibility over next week; typhoon Kaemi makes landfall in Fujian.
Singapore: Horizon Terminal commits to larger storage capacity A further 240,000 m' of tankage to be added in phase 2 of the project.
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