Cosco Pacific plans to double port spending Cosco Pacific, the ports arm of China's largest shipping conglomerate, sees terminals as its growth driver and will double annual capital expenditure in ports to tap booming global trade, a senior executive said on Tuesday.
Hutchison unit loses tax appeal Hutchison Whampoa Ltd's Hong Kong port unit lost an appeal in the city's Court of Final Appeal against a tax ruling over a US$1.72 billion fund raising.
Maersk scales back its Asia-Europe network Maersk Line, the world's largest shipping line and a unit of AP Moeller-Maersk, said it is scaling back its Asia-Europe network to offset the effects of port congestion and high bunker fuel costs.
Asian aframax rates rise to 8-month high on tanker shortage
Maersk Line revamps to remain at top spot TOP management team will be trimmed and Europe-Asia services rescheduled to save on bunkers.
Maersk reshuffle sets ports free
Liner operators warned over rising ships systems costs OWNERS paying more for ship operating costs as well as container positioning and maintenance or port fees.
SCI books six handymaxes at STX Shipyard INDIAN owner places order for six bulkers with South Korean shipbuilder.
Water World BANGLADESH, amid all its watery trials, accords huge status to its marine personnel.
The policy whisperers THE unmasking of the faceless whisperers reveals the extent to which our regulators rely on 'expert' information.
OPEC leaves output unchanged OPEC members have decided to keep their output at existing levels despite huge volatility in the oil market
Aker Phil wraps share placement AKER Philadelphia Shipyard, the shipbuilding unit to be spun off from Aker American Shipping, has completed its previously-announced private placement of 2.39M shares
Philippines yard gets thumbs-up SHIPOWNERS have given a vote of confidence to the new shipbuilding yard in Subic Bay, Philippines
Maersk cuts capacity climb MAERSK Line's decision to add four vessels of 6,000TEU and larger to its Asia-Europe network has raised eyebrows at a time when all indicators point to overcapacity
Southern hemisphere line planned A PLAN to set up a shipping line to operate between India, South Africa and Brazil as part of a new trade corridor is moving nearer
Power plant planned for Trincomalee INDIA'S National Thermal Power Corporation plans to set up a 500MW coal-based power plant in Sri Lanka's deep-water eastern port of Trincomalee
A.P. Moller-Maersk plans to restructure ocean container operations: Report Container unit CEO Kolding says largest box carrier is 'cumbersome, and 'bureaucratic,' and is in danger of losing its top market ranking.
Eight sites join TWIC list
Container slump continues
Everglades plan approved
Storms block Canada rails
Japan lines to spend $545M for bulkers: Report
Mineta calls for sweeping U.S. maritime changes
Intercontainer adds box trains
Nehru plans trade zone
TWIC sign-up expanded
Report: TSA better at handling security information
Skuld announces small premium increase All clubs exept West of England in the International Group of P&I Clubs have announced their general premium increases for the next policy year. The increases ranges between 10-20 per cent, but Skuld has chosen a partly different path ...
SFI sells suezmax'es and cancel Frontline charter Ship Finance International (SFI) sells the two old 150,000 DWT, double sides single bottom suezmax'es Front Maple and Front Birch, both built 1991, to unknown buyers for USD 40.0 million net per vessel. SFI will make a compensation payment ...
StatoilHydro charters six seismic vessels StatoilHydro spends nearly USD 328.0 million to charter six seismic vessels to study 8,500 square kilometres of the Norwegian continental shelf. Three of the vessels, the 4,639 grt Atlantic Explorer, built 1987, the 9,209 grt Ramford Challenger, built 1996 ...
EPA diesel rule causes confusion US bunkering companies told they cannot sell marine distillates above 0.05% sulphur in Maine and East Coast areas.
Dry bulk rates set to fall Rates will peak next year, then slide, says chairman of the Baltic Exchange.
Big US inventory draw keeps oil firm Oil price further supported after US crude oil inventories fall more than expected.
OPEC decision sends oil prices up Producer group rejects calls for more oil to ease prices.
Ship's master to escape criminal charges Pasha Bulker grounding as combination of 'atrocious weather and poor seamanship'.
Maersk cuts speed to save fuel Schedule changes will 'complement efforts to mitigate fuel costs' and reduce the shipping company's 'environmental impact'.
Rotterdam market tight
Oil prices likely to remain volatile Oil prices not influenced by supply and demand alone, says analyst.
Oil firms lose appeal against fine High Court rejects second appeal by oil firms over oil spill conviction.
Indian refiner to offer untaxed 380 cst product India's largest oil refiner planning to sell duty free 380 cst material in Mumbai.
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