China Shipping stock attracts 2.6t yuan in bids: sources China Shipping Container Lines Co, Asia's second-largest container line, attracted 2.6 trillion yuan (S$507.5 billion) worth of orders for its Shanghai stock sale, said three people familiar with the offering.
Vietnam pushes port investment Vietnam is encouraging both domestic and foreign investors to develop the country's port system which is expected to handle 200 million tons of cargoes in 2010 and 400 million tons in 2020, according to local newspaper Vietnam News yesterday.
Admiralty Casebook
Towage is not transportation THE Queensland Court of Appeal has upheld a decision in favour of a Malaysian shipowner whose vessel was badly damaged when one of the two tug boats helping to berth it collided with it following a steering control failure on the tug.
China Shipping stock attracts 2.6t yuan in bids: sources China Shipping Container Lines Co, Asia's second-largest container line, attracted 2.6 trillion yuan (S$507.5 billion) worth of orders for its Shanghai stock sale, said three people familiar with the offering.
Vietnam pushes port investment Vietnam is encouraging both domestic and foreign investors to develop the country's port system which is expected to handle 200 million tons of cargoes in 2010 and 400 million tons in 2020, according to local newspaper Vietnam News yesterday.
Admiralty Casebook
Towage is not transportation THE Queensland Court of Appeal has upheld a decision in favour of a Malaysian shipowner whose vessel was badly damaged when one of the two tug boats helping to berth it collided with it following a steering control failure on the tug.
Top shares rebound Top Tankers' shares jumped back today after plummeting 16% yesterday on the weak pricing of the company's follow-on offering
Cryptic oil spill in Puerto Rico COAST Guard officials are seeking the culprit in another mystery oil spill at a Puerto Rican bay
China: 550 more VL voyages by 2015 THE annual increase in China's demand for oil is forecast to be 4.5% a year between now and 2015 according to a Bloomberg report
Freight costs will peak in 2008 THE chairman of the Baltic Exchange has said that commodity shipping costs will peak in 2008 before falling as the number of ships available outpaces demand
Venezuela unwelcome in Mercosur A POWERFUL Brazilian shippers federation says it wants Venezuela to leave the Mercosur common market even though it has only just joined up
Jury retires in yacht deaths case THE jury in the trial of P&O ferry officer Michael Hubble accused of manslaughter for allegedly running down a yacht has retired
PierPass aids LA-Long Beach growth Extended gates program in use at at top U.S. import gateway has moved about 40 percent of container volume to off-peak hours.
Bush budget would drop port security grants
Feds bust $200M smuggling ring at Port Newark
Maersk increases U.S.-Mideast/India rates
NJ dredging begins
LA-Long Beach tenants cited for stormwater violations
Cowen vows to fight The suddenly deposed boss of bulker owner OceanFreight is not going quietly.
OceanFreight CFO out US-listed bulker owner's finance chief confirms that he has been let go.
OceanFreight tosses CEO Company founder Anthony Kandylidis takes over in top roles as bulker owner's chief executive is ousted.
Top Tankers moves up US-listed owner's stock moves upward on a rollercoaster of price moves.
Union forms Russian bear State-owned Sovcomflot and Novoship merge into a 124-vessel behemoth owner.
A win for Sea Containers UK owner wins arbitration case brought by GE Capital over control of GE SeaCo.
Boxship blocks Suez CMA CGM vessel stalls in the Suez Canal, blocking a 33-ship, Mediterranean-bound convoy.
Meba president unseated Two-term union boss loses four-way race as Marine Engineers Beneficial Association's Atlantic-area vice president takes the reins.
Samso-Linien up for sale Nordic Ferry Services in pole position to take over the Danish ferry owner, chairman Bernth says.
Fjord Line buys rival Norwegian owner snaps up compatriot Master Ferries to double its fleet.
Legal spat over AHTS Norwegian owners go head-to-head over cancelled charter deal for anchor-handler.
ACM strikes gold Johnny Plumbe-led tanker broker takes over Alchemy Trading Company (ATC) giving it a 100% holding in sale and purchase specialist ACM Shipping Services.
CSCL in demand Boxship owner sees Shanghai IPO attract $351bn in offers, 170 times more than expected.
EIAC makes its move George Sagredos-led blank-cheque outfit buys nine VLCCs from Fred Cheng's (right) VanShip.
Jurong buys Chinese Singapore shipyard takes 70% stake in Shanghai marine design house.
Plumbe still rising Weakening US dollar takes chunk of ACM's profits but revenue and earnings are on the up.
Tulcea in the red Aker Yards' Romanian facility lines up more investment as nine-month result disappoints.
Indonesia gets tough on ferries No vessels older than 20 years will be brought into country to combat poor safety record.
Subic open for business Hanjin's $1.6bn Philippines yard ready to start working on its 40-ship orderbook.
Job done for STX Korean shipbuilder reaches annual order target and passes $10bn mark after SCI deal.
Tallink starts slowly Estonian ferry owner begins share buyback, but will not snap up full 5% holding authorised by shareholders.
Eitzen sells two tankers Norwegian chemical tanker owner divests itself of two elderly units and will book gain of $2.2m.
Samsø-linien want to sell its operations Samsø-Linien is working on a sale of its entire operation to Nordic Ferry Services A/S, which as from October 1, 2008, will take over the Samsø-Linien service from Hou to S'lvig. Samsø-Linien is supposed to continue ...
Clipper strengthens its brand Danish Clipper group will strengthen its brand as from the end of this year. The company name Clipper Elite Carriers will change to Clipper Projects. The name Clipper Elite Carriers was introduced in 1999, when Clipper took over the bankrupt ...
States with bad flag state performance in the corner The shipping associations BIMCO, International Chamber of Shipping (ICS), International Shipping Federation (ISF), Intercargo and Intertanko have updated their annually Shipping Industry Flag State Performance Table. The following flags have twelve or more negative performance indicators this year: Thailand, Syria ...
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