Goldman seen taking stake in China yard Goldman Sachs Group Inc and other overseas funds are close to finalising a deal to buy a minority stake in Chinese shipbuilder Rongsheng Heavy Industries Group for about US$600 million, sources familiar with the situation said yesterday.
MMC to jointly develop Saudi terminal Malaysian infrastructure and energy group MMC Corp has won the right to jointly develop and operate a terminal at Jeddah Port, Saudi Arabia, worth about RM2 billion (S$868.6 million), MMC said yesterday.
Capesize rate may extend gains on iron ore demand The capesize shipping rate may extend gains, boosted by expectations of increased iron ore purchases before prices of the commodity climb next year.
Crew compromises mean safety crisis Crewing shortages could lead to a compromise on safety, delegates to Seatrade's Middle East Money and Ships Conference were told yesterday in Dubai
Apollo to buy Regent? PRIVATE equity powerhouse Apollo Management is reportedly poised to purchase Regent Seven Seas Cruises for $1Bn
Seabourn orders third sister SEABOURN Cruise Line has exercised its option for a third 32,000gt newbuild, bringing parent Carnival Corp.'s orders over the past month alone to more than $2.4Bn
ASEAN crews to get Chinese training TRANSPORT ministers from the Association of South-East Asian Nations and China have signed a wide-ranging co-operation agreement
Aker sells equipment interests AKER ASA has sold off two marine equipment subsidiaries to the Norwegian technology group ODIM
Europe fuels US coal exports US coal exports are surging and imports are levelling off, marking a stark reversal of the trading trends of previous years
Dry stocks slide Shares of US-listed dry-bulk shipping companies saw another round of bearish declines.
Amazonian goes coastal Brazil's Grupo Libra ends a yearslong absence from cabotage with the entry of river shipping arm Companhia de Navegacao da Amazonia.
Coscol bags heavy lifters Chinese owner signs on for two semi-submersible heavy-lift newbuildings from Guangzhou Shipyard International.
Salamon bags a bargain German KG reveals deal done at Orient Shipyard in Korea for four capesizes before prices sky-rocketed.
MGV still red Marine Growth Ventures has always posted losses, and it will continue to post losses for several years as the company pursues the cruise timeshare business, an earnings report says.
Passage to India McNulty close to completing deal with Indian yard, president says.
Suspects named in VLCC case Indonesia reveals initials of three men allegedly involved in selling Pertamina VLCCs to Frontline at below market price.
Less sunshine at Tropical Income from Nicor-owned shipping company drops 17.1% as operating costs increase.
Chowgule steams ahead Indian bulker owner piles on profit in lucrative first-half dry cargo market.
Norden nets huge sale gain Danish owner stands to book $37.9m net profit on sale of 13-year-old handymax it has yet to get its hands on.
Oceanex goes private Boxship and ro-ro owner's new captain takes company off the Toronto Stock Exchange as shareholders approve buyout bid.
BV extends share sale Investor demand for French classification society stock leads to full exercise of over allotment option.
Silver lining for TEN Larger fleet and gains on disposals lift Greek tanker owner to record net income and says market challenges 'manageable.'
Eckero adds more Finnish ferry line builds ownership in compatriot Birka Line to 84% and launches offer for rest.
Jinhui adds supramax Hong Kong and Oslo-listed owner returns to Oshima Shipbuilding with $35.92m deal.
Polaris to tackle crew shortage Former Indian shipowner Polaris Marine Management looking for tie-ups with institutions to address crisis.
Rickmers rolls on Singapore boxship owner sees third quarter profits exceed expectations.
DP World worth $21.58 billion Port operator banks record returns from its UAE IPO.
Lasco to sell reefer fleet Latvian owner to let 'less profitable ships' go to pay for newbuildings including four at Hyundai Mipo.
Eimskip sells again Icelandic owner offloads more property assets to pay for huge acquisition spree.
ABG on the prowl Indian yard is itching to spend INR 10bn on an east coast facility, if only it could find the land.
Kiwis boost coastal shipping New Zealand government wants at least 30% of freight moved by sea by 2040.
Nordic American takes a hit Herbjorn Hansson-led company sees third quarter returns slip into the red due to a weakened spot market.
Marco Polo up on debut Singapore shiprepairer and owner sees shares open 59% higher than IPO price.
Danish truckers block freight Stena considers legal action after big delays at its Fredrikshavn terminal as lorry drivers protest high fines.
Nordic American takes two Herbjorn Hansson-led outfit buys two newbuildings from First Olsen in $180m swoop.
Four more for Mipo Lasco revealed as owner returning to South Korea's Hyundai Mipo with order for chemical quartet.
Sinotrans aims high Chinese bulker group could raise at least $1.47bn from IPO in Hong Kong.
Teekay tanker hits light tower "Substantial damage" caused to navigation aid south of Staten Island in New York.
DOF declares at Aker Norwegian offshore owner returns to compatriot yard to firm up $141m AHTS order.
Hallin inks newbuild UK-listed offshore company returns to ex-Pan United yard for $36m subsea operations vessel.
MPC slips German shipping fund player sees nine-month earnings fall as investment declines.
Danish ferry ports blocked by lorry drivers The Danish infrastructure including ferry ports and bridges has been blocked on and off the latest 24 hours by lorry drivers, which are unhappy with the latest legislation and penalty for driving lorries. It started Sunday at Frederikshavn, where some ...
Trica entered the Transfennica-fleet Transfennica has taken delivery of the fourth of eight combined ro-ro- and container vessels from the Polish shipyard Stocznia Szczecinska Nowa. Named Trica, the vessel has entered service between Rauma, Hanko and L'beck. The vessel has a length of ...
The first Edith M'rsk from Odense The naming ceremony of Odense Steel Shipyard's newbuilding no. 208 was the very last official task for Jess Søderberg as CEO of A. P. Møller-Mærsk. He was the host for the arrangement where Kirsten Mc-Kinney Olufsen, second-daughter ...
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