OSM opens full technical management service centre NORWEGIAN shipping specialist OSM Shipmanagement is banking on Singapore's growing position as an international shipping hub and the booming offshore market that is helping fuel it.
Patrick rejects Toll's increased A$5.4b offer PATRICK Corp, Australia's biggest port cargo handler, rejected Toll Holdings Ltd's increased A$5.4 billion bid as CEO Chris Corrigan seeks to build his own land transport business.
Hutchison defends plan to scan US-bound ships HONG Kong conglomerate Hutchison Whampoa Ltd has defended a plan to help scan US-bound cargo for terror threats at a port in the Bahamas where American customs agents will not be present, saying it's not feasible or practical for US officials to work in ports across the globe.
International consortium hatches £2bn bid for AB Ports A bid for Associated British Ports worth more than £2bn ($3.4bn) is being hatched by a consortium of powerful investment groups in a development which could reduce the UK's quoted ports sector to one major company.
Simon Group open to takeover offers says finance director REVIVED British port operator Simon Group yesterday did not rule out that its back-in-profit business could be next in line in the sector's great British sale frenzy, writes Jerry Frank.
Massive cargo loss in prospect as Hyundai Fortune blaze takes toll INSURANCE costs are mounting across the board as the full impact of the Hyundai Fortune blaze becomes clearer.
Princess to assess fallout from fire Princess Cruises' Star Princess arrived in Grand Bahama shipyard in Freeport yesterday for initial repair work following a fire last week in which one passenger died and a number of others were injured, writes Sandra Speares .
Aker bid gains Brussels' approval AKER Yards, Europe's largest shipbuilder, has secured European Union antitrust approval to buy the shipbuilding unit of France's Alstom, Bloomberg reports.
Queen of the North: questions remain MECHANICAL failure has been ruled out as the cause of the grounding that sank the BC ferry Queen of the North off the coast of British Columbia on 22 March
Sternwheeler comes unstuck TWO hundred and sixty passengers got a second bite of the cruise cherry when their sternwheeler vessel ran aground on Friday and they were transferred to a sister ship
Market pulls plug on Sea Containers SEA Containers shares plunged in value on Friday after an announcement on asset write-downs led to a breach of some loan covenants
Spanish firms eye Canal alternative SPANISH companies are newly assessing Mexican plans to create a giant new transport corridor that would challenge the shipping hegemony of the Panama Canal
C&S service in jeopardy THE palletised reefer shipping service operated by C&S Shipping Agency between Queensland and the US looks likely to be suspended
SNCM ready to fight back SNCM director Bruno Vergobbi has thrown down the gauntlet to CMN (La M'ridionale) over the latter's refusal to honour a bilateral co-operation deal
Port of Tacoma TEUs lead region Hub regained the lead in total volume in the Pacific Northwest by a small margin over the Port of Seattle in Janaury and February.
Panama invites terminal bidders to design their own project Panama's government has opted to allow potential bidders determine the size of its 'megaport' project close to the Pacific entrance to the Canal.
Inchon/Busan cabotage decline ends service The only coastal container service from Inchon to Busan will close when Hanjin shipping withdraws its three vessels by the second half of this year.
Indian rail rate increases likely to be passed down the line
Indonesian textile manufacturers seek protection from rising tide of Chinese imports
Great Eastern goes long-range Expanding Indian owner adds to STX orderbook with deal for two LR1 tankers.
Eimskip on the up Parent group Avion expects better 2006 from Icelandic boxship player after first quarter profit.
Bush to pull Sanborn TradeWinds has learned that president George W Bush will withdraw the nomination of David Sanborn as new head of MarAd.
WW in dark over Glovis raid Norwegian owner Wilhelmsen spotted no irregularities at 20%-owned car logistics firm raided by Korean prosecutors.
ABP flavour of the week Associated British Ports is on this week's menu. What is causing the clamour for control of British ports companies?
One step away from default Sea Containers gets second ratings cut in six weeks after $500m charges revealed.
'Overtaking boxship' sank Sa bulker Smit Salvage vessels and an oily sheen mark the spot near Singapore where New York-based Stanships' California went down Friday
Simon says profit up UK ports operator Simon Group manages a tidy profit in 2005 but some business lines under perform.
Todd unveils windfall payout Shareholders will get $22m between them, plus a hike in the regular dividend.
Sydfynske slips Danish islands ferry subsidiary of Scandlines sees profit drop in 2005, despite revenue rise.
Shipowners rush to first CNG tender Mitsui, Exmar, Knutsen OAS, MISC among the parties ready to bid for Gail's compressed natural gas carrier.
Hyundai's heavy tax bill Korean shipbuilder Hyundai Heavy Industries will appeal against a hefty revised tax bill.
HSH targets Asia German lender poaches DVB banker to create new Asian shipping unit.
Farstad orders for charter Norwegian owner contracts supply ship newbuilding at Aker Yards for Norsk Hydro work, plus anchor-handler.
Patrick bowls Toll bid Australian transport and logistics company Toll Holdings left stumped by board of Patrick Corp.
Empress refloated Salvors pull American West Steamboat cruiseship off sandbank in Columbia River on US west coast.
Aboitiz counts the cost The Philippines' biggest ferry owner hit by higher fuel bills in 2005.
Singapore turns to ABP After failing to buy one UK port operator, Singapore is looking to buy Associated British Ports.
Bulker sinks off Malaysia Crew safe after collision with containership in Malacca Strait.
Mitsui eyes Gdansk Shipyard The Japanese shipyard group Mitsui is considers to buy a large part of the shares in Gdansk shipyard, and at ...
First Stena ropax on schedule from Fosen Stena RoRo will have the first ro-pax vessel delivered from Fosen Mek Verksteder om July 12th according to the ...
Sea Containers withdraws from ferry business On March 20 the Board of Directors of Sea Containers decided to that the company will completely withdraw from the ...
Prince Rupert: Oil spill response vessels tackling spill Environmentalists and coastguard hopeful of little environmental impact.
UK project to study marine use of biofuels Trials to determine if fish and chip fat can be turned into low-cost, green fuels for the fishing industry.
Carnival upbeat despite bunker-related profit loss 63% rise in bunker prices hurt Q1 result, but rest of 2006 expected to see less dramatic year-on-year fuel price gains.
Rotterdam starts the week quietly
Wallenius: Disgust over crew member's pollution offences Green shipping champion Wallenius Lines has said the company is "disgusted" with the behaviour of the chief engineer of its vessel Atlantic Breeze after a US prosecution led to as guilty verdict.
Hong Kong: Slight tightness of 380 cst anticipated in April Bunker prices are also currently competitive as compared to Taiwanese and South Korean ports.
Singapore: Oil majors buy strongly into 180 cst swaps BP and Shell have continued to buy considerable volumes of 180 cst bunker fuel oil swaps.
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