PSA's next move a 'hard-headed business decision' PSA IS assessing how to respond to DP World's offer for P&O, Prime Minister Lee Hsien Loong said Sunday.
Conservatives attack Panama and Liberia over oil spill funds BRITAIN'S opposition Conservative Party has launched an attack on flags of convenience, repeatedly branding Liberia and Panama as 'nothing more than freeloaders' on new oil spill compensation arrangements.
P&O shares go into orbit as Dubai lifts stakes in takeover battle even higher THE stakes in the battle for control of P&O have been raised to a level undreamt of a few months ago following Dubai Ports World's agreed £3.9bn ($7.4bn) counter-bid for the British ports and ferries group.
Coscon borrows for boxships COSCO Container Lines (Coscon) is arranging a $466m loan through a consortium of banks to finance the acquisition of eight boxships, writes Keith Wallis in Hong Kong.
Onassis heir comes of age ATHINA Roussel's fight for presidency of the billion-dollar Onassis Foundation took a step forward yesterday when the granddaughter of Aristotle Onassis turned 21, writes Justin Stares in Brussels.
Cunard offers QM2 cruise chaos payoff Cunard has agreed to a total refund for passengers affected by the need to cancel three port calls on a Queen Mary 2 South American cruise following pressure from disgruntled passengers .
CMB profit falls as market softens CMB, the Belgian bulk shipping group, has reported a fall in pre-tax profit to '184.7M ($221.6M) for 2005 from '310.4M in 2004 as a result of lower freight rates
'Uncharted territory' for P&O bid SHARES in P&O rose to more thgan 540p today, in response to yesterday evening's 520p offer from DP World
NITC revenue slips by 21% NATIONAL Iranian Tanker Co is warning that it will post revenue of about $300M in the 2005-06 financial year, well short of the previous year's $380M
NorthLink ships slammed by report SHIPS deployed on the NorthLink ferry service have been described as 'inefficient and environmentally unfriendly' in a report from an academic
König rethinks Great Western funding GERMAN KG house König & Cie has offered its investors to withdraw from two shipping funds after the collapse of US liner company Great Western Steamship
TSA plans monthly fuel charges Trans-Pacific lines will shift from quarterly to monthly adjusted fuel surcharges in an effort to track market conditions more closely.
Updated: Rapid response swings P&O pendulum back towards Emirates DP World has responded immediately to PSA International's 470p (US$8.36) offer accepted yesterday by P&O Group with a counter-bid that values the company at a stunning £3.92bn (US$7.0bn).
Transfracht staff make short stop
MSC to upgrade New Orient Transpacific Service
Polish ports get through ice emergency after warm glow from 2005 growth
Railways improve services to Port of Vancouver
Indian Railways to run double-stack containers from next quarter
Bank Line revamps ships and adds new calls
Russia's NCC cede president to up-and-coming Ust-Luga
Pirates arrested on Safmarine ship
Hutchison's staff to enter board of Huizhou Port
Bax Global integration prompts DB Logistics restructuring
New Sundbusses to Danish flag The new Sundbusserne passenger vessels currently under construction in Gdansk will fly the Danish flag, when delivered in 2007. The ...
Penalty paragraph threath to safety in Gotland traffic The Swedish National Public Transport Agency has in its model agreement for the state subsidised ferry traffic between the Swedish ...
Crude surges, bunker prices follow Oil prices bouncing back today with US bunkers also rising, but 'already at the top of the market'.
Low-sulphur fuel available, supplier tells port Chemoil allaying Port of LA concerns saying that 1.5% low-sulphur can be supplied on a 'consistent basis'.
Gothenburg bunker conference to focus on SECAs The 27th International Bunker Conference will be focusing firmly on the consequences of impending SECAs.
Chemoil boss: Bunker fuels will drive Asian fuel oil market Chemoil's Chief Executive, Robert Chandran, has said that the Asian fuel oil market will be driven by demand for bunker fuels.
Switzerland: Bunker broker/trader on the move
MES reports keen interest in upgraded scrubber MES expects to be signing deals for its upgraded EcoSilencer' soon as owners face imminent SECA.
Rotterdam market firm at midday
Annual awards for Russian bunker suppliers Russian Bunker Association to establish national professional awards for the country's bunker suppliers.
Germany agrees to broaden bunker tax law The German government will broaden its bunker taxation rules for commercial shipping later this year.
High bunker prices shave profits Rising fuel and other costs eating into Hyundai Merchant Marine's 2005 profits.
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