Info-sharing hub to fight maritime piracy launched THE 14 Asian member-state initiative to fight maritime piracy in the region was marked yesterday with the launch of the Singapore-based Information Sharing Centre, with Singapore's transport minister warning against complacency.
Egypt to spend US$5b on Suez EGYPT plans to spend at least US$5 billion over five years to expand the Suez Canal, speeding up Middle East oil shipments to Europe and the US and increasing revenue from the world's longest man made waterway.
M'sia's MISC unit eyes US$1b funding - source A subsidiary of Malaysian shipper MISC Bhd, the world's largest carrier of liquefied natural gas, may raise up to US$1 billion to fund its expansion activities, according to a source familiar with the plan.
Maersk seeks to raise container shipping rates to the US
GL seeks alternative offers as it slams BV hostile bid GERMANISCHER Lloyd has firmly rejected the €500m ($657m) takeover approach by Bureau Veritas and is now seeking alternative buyers for stakes of shareholders who want to sell.
GL stays coy over DNV white knight approach GERMANISCHER Lloyd has so far not replied to offers from Norwegian classification society Det Norske Veritas to act as white knight in the face of the takeover offer from Bureau Veritas, according to sources familiar with the situation, writes David Osler.
P&I clubs' merger plans fall through A PLANNED marriage of two of Scandinavia's protection and indemnity clubs for shipowners and charterers has been called off.
Ernst & Young walkout adds to troubles at Top Tankers PROBLEMS continue to mount at Top Tankers, with auditors Ernst & Young resigning after a disagreement over the accounting treatment of the firm's 13-ship sale-and-leaseback transaction set up in March and April.
DFDS Tor expansion pays off DANISH ferry company DFDS is reaping the benefits of the expansion of its DFDS Tor Line freight division, but DFDS Seaways cruise ferries again faced tough times
OSG finalises Maritrans takeover OVERSEAS Shipholding Group has completed its acquisition of tanker-and-barge operator Maritrans for $471M
P&O clean-up after cleaner's dismissal FERRY services between the UK port of Dover and French port of Calais have been suspended because of a strike by the Calais Chamber of Commerce
Top Tankers in accounting mess TOP Tankers' shares are in a tailspin today after the company confirmed that its auditor Ernst & Young had resigned and that it would restate 1Q06 and 2Q06 earnings
Fears rise over weakened dollar The US dollar is rebounding somewhat today in the wake of a sharp slide that raises questions about currency fallout for trade flows
TACA raises So. California rail fee Trans-Atlantic Conference Agreement plans higher charges for containers moving into and out of Southern California by rail.
Port of Houston cedes box pier to Galveston
Brief strike at LA port
CAFTA to spur U.S. exports: Study
Intermodal high on Canadian National spending plan
CSAV Norasia service links India, Mideast and Europe
Troubled CSAV abandons N. Atlantic following cessation of RTW service CSAV Norasia will retreat from the north transatlantic trade following the departure of the Round-The-World service in January next year.
Shipbroker predicts bleak medium-term outlook for liner industry Container charter rates will continue falling from now until 2009 as oversupply remained a real concern for the industry, said Paul Dowell of shipbrokers Howe Robinson.
CSAV Norasia re-arranges network to prepare for RTW's departure
Bosphorus Strait closed by accident
News analysis: Tank container industry makes a bid for new markets
Nearly 3,000 new seamen needed A little more than 160 offshore vessels are currently on order to Norwegian owners and close to 3,000 new seamen ...
J. Lauritzen sells the last owned reefer vessel J. Lauritzen of Copenhagen is reported to have sold their last reefer vessel under its own flag. It is the ...
Tankers to follow safer lanes Norway has obtained approval from IMO to establish new tanker lanes 30 nautical miles off Northern Norway to separate growing ...
Vancouver: Lower port fees for clean fuels British Columbia port announcing incentive programme for reducing ship pollution.
'One-Stop-Shop' service offers savings in South Africa Cockett Marine Oil and Grindrod to waive agency fees for vessels making bunker calls.
Oil prices rise as US oil inventories drop Latest DOE data show oil inventory declines across the board, driving oil prices to highest levels in nearly two months.
Investors found Chemoil 'difficult to gauge' IPO oversubscribed as shares sold at bottom of the price range.
Container lines take measures to combat cost pressures Hapag-Lloyd joins Maersk in raising rates and rationalising services to compensate for rising bunkers costs and capacity increases.
Lube buyers play key role in supply chain management BP Marine emphasises the customers' role in volume management as industry seeks to tackle supply shortages.
Hedging contracts hit ship operator's profits Norden reports losses on its hedging contracts as bunker prices fall.
Rotterdam market remains stable
Chemoil offers bottom price range to institutional investors Chief executive officer Robert Chandran "not happy" with company's valuation.
Two Asian shipowners' associations resist switch to distillates Concern over the availability of 1% sulphur cap distillates fuel arises from INTERTANKO's proposal.
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