Lines cash in on Asia-West Africa route resurgence WEST Africa is emerging as the new hotspot for Asia's unstoppable exporters, with new services being introduced to accommodate volume growth and strong demand driving up freight rates.
Time right as Navios swoops for Kleimar NAVIOS Maritime Holdings, the Nasdaq-listed dry bulk and logistics company, is poised to acquire Belgian bulk operator Kleimar, part of the Sea-invest transport, stevedoring and freight forwarding group, writes Nigel Lowry.
Quake brings Taiwan phone chaos Taiwan'S telephone communications with neighbouring Asian countries were cut off and Hong Kong's internet access dislocated yesterday, hours after an earthquake struck the southern part of the island killing two people.
Exxon Valdez damages slashed PUNITIVE damages awarded after the Exxon Valdez incident have been trimmed from $4.5bn to $2.5bn after a US appeals court invoked controlling Supreme Court case law to rule that the original amount was inappropriate.
Court nearly halves Exxon Valdez fine SAN FRANCISCO, 27 December ' Exxon received quite a Christmas gift from the 9th US Circuit Court of Appeals, which has nearly halved punitive damages in the Exxon Valdez award
Tamil Tigers' 'act of piracy' THE 25 crew members of a cargo ship that drifted into waters controlled by Tamil Tiger rebels in northeast Sri Lanka have been freed, and described their seizure by guerrillas
Iron ore price drop forecast THE price of iron ore will fall by 10% in 2007 compared with previous years after a number of deals agreeing a 9.5% rise, according to a Bloomberg report
Moscow to create shipyard holdings RUSSIA'S defence minister Sergei Ivanov has moved on in his plan to reorganise national shipbuilding, announcing the impending creation of three industry holding companies
Dockwise goes for $700M IN a deal worth over $700M, Dutch heavy-lift major Dockwise Transport NV has been sold to the UK-based private equity group 3i
Spirit of Ontario escapes St Lawrence THE fast catamaran ferry Spirit of Ontario 1 left Lake Ontario on 21 December on the first stage of a potential trans-Atlantic move to operate a cross-Channel service
Box ship orders shrivel After a three-year buying binge, carriers and charterers have slowed the pace. Carksons hasn't recorded a single order in the past six weeks.
Updated: NYK secures 100% of shares in Ceres Container Terminals Europe NYK has taken full control of Ceres Container Terminals Europe B.V., which manages Ceres Paragon Terminal in Amsterdam.
Asian communications disrupted, Taiwanese lines and ports lose contact after earthquake
Political paralysis delays decision on new Chittagong box terminal
NOL to open own organisation in Vietnam
APMM to bow out of Port Newark terminal as POPNA sale completes
Australian drought bites into economic growth and exports
Gwangyang extends exemption of port user fee
Bangladesh parties give up street fighting and enter ballot battle
Sepetiba Customs combat smugglers' attempts to exploit port
Mowinckel takes six Mowinckel Tankers International Ltd has ordered six 5,700 DWT product/chemical tankers from Celik Tekne shipyard of Turkey. This Malta ...
Bumper demand in Panama Scheduled resupply and buoyant market grabbing buyer interest.
Fishing halted as bunker clean-up continues Taiwanese officials say bunker spill could cause $3 million of damage.
Chinese supplier challenges Chimbusco monopoly Shenzhen supplier quotes bunker prices competitive to Hong Kong, breaking Chimbusco's price monopoly.
Rotterdam market quiet at Midday
Oil eases despite Iranian supply fears Oil prices react to milder US winter temperatures, indifference to tense political situations in Iran and Nigeria.
South Korean bunker supplies under pressure again Forecasters predict long-term LNG shortages as power stations raid Korea's intermediate fuel oil stocks.
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