DP World expects revenue to grow 38.5% Dubai's DP World, the state-owned port operator selling shares to the public, expects revenue to grow 38.5 per cent during the next two years to US$1.44 billion, a banker arranging the initial public offering (IPO) said.
Shares in Hyundai Heavy hit new high Shares of Hyundai Heavy Industries Co, the world's biggest shipbuilder, rose to a record yesterday, leading stock gains in South Korean yards on expectations that orders will climb to a record for a sixth year.
VLCC freight rates from Mid-East to Asia stable Asia freight rates for very large crude carriers (VLCCs) loading from the Middle East were stable to levels seen the previous week, but demand from this region is expected to lift rates off near four- year lows.
Seaspan sees 100-ship fleet by 2010
Aker Yards reports 89% plunge in Q3 net due to higher costs
Ship air pollution linked to heart and lung deaths STUDY claims air pollution from ships caused 60,000 deaths from heart and lung disease in 2002.
Intertanko denies leaking 'IMO data'
China set to beat US as largest energy user INTERNATIONAL Energy Agency says China will overtake the US as the world's largest consumer of energy soon after 2010.
Canal authority stands firm over expansion plans PANAMA Canal Authority rules out possibility of changing its new lock design to accommodate ultra-large boxships.
Hats off to Panama's bright young things THE International Maritime University of Panama is grooming young ambassadors for Panamanian seafaring.
Operational control A REASON for the improvement in tanker safety and quality was the recapture of the ship operations from the commercial folk.
Crude price rise tugs bunkers up The price of crude oil broke through $98 per barrel today amid reports of diminished US reserves, according to Bloomberg
DP World enters C-TPAT DP World has become the first international port operater to be granted membership of the US Customs-Trade Partnership against Terrorism (C-TPAT) scheme
Lookout tells how ferry sank yacht THE jury hearing the case of the P&O ferry Pride of Bilbao swamping or colliding with the yacht Ouzo have heard from Dave Smith, who was the lookout on the bridge at the time
BGV loses backer; stays on target PLANS to run an innovative high-speed ro-ro freight service between Boulogne and Sheerness are on track, even though the original backers of the project have backed out
Carnival levies fuel surcharge CARNIVAL Corporation's North America brands will implement a $5 per person per day fuel surcharge beginning 1 February 2008 to combat spiralling costs
Tax trauma destroys Odfjell dividend A PROPOSAL for an extraordinary dividend of NK3.0 per share has been dropped from Odfjell's EGM on 3 December
Strong volume for North Carolina ports Wilmington and Morehead City (left) post traffic gains as ports authority implements plans for long-term growth.
Canadian officials: Improve supply chain efficiency
Hanjin profit triples in Q3
Port Newark Container Terminal sets productivity mark
Export ABCs: More terminology
Cosco buys into Suez hub
Ports America to sell Lake Charles operations
Transportation Management Systems market surpasses $1 billion
Travellers eat fuel costs Carnival Corp decides to pass some of the rising cost of fuel onto customers with a charge of $5 per person, per day.
Greens turn up the heat Environmentalists call for IMO to act after US study shows ship emissions kill 60,000 people per year.
Bananas, but no oil The reefer that littered Dutch islands with bananas has also suffered a fuel oil leak, although no pollution was spotted.
Owner sees more red US Shipping Partners posts another third-quarter loss, this one more than five times the total a year ago, despite help from the ATB Freeport.
Euroseas prices at $98m Greek bulker and boxship owner prices public stock offering at $17 per share.
MCA unions split Surveyors suspend pay protest but coastguards press on as officers warn UK safety agency.
Louis banks Sea Diamond cash Owner of Greece-flagged cruiseship which sank off Santorini in April receives $55m in insurance compensation.
FSL adds ice class pair Singapore trust acquires two product tankers in $113m sale-and-leaseback deal.
Golden future for RHI? Chinese shipbuilder eyes 2008 Hong Kong IPO as Goldman Sachs readies $600m injection, reports claim.
Courage in clover Singapore-listed bulker owner has posted a massive jump in nine-month earning as rates boom.
Opielok bags two Hamburg-based owner orders two newbuildings at India's Bharati Shipyard.
Tough going for Neste Finnish tanker owner suffers from significantly lower rates in first three quarters.
Atlantska awash with profit Croatian bulker owner almost doubles nine-month earnings thanks to hot dry market.
Record revenue for DESS John Fredriksen controlled offshore player banks its best ever returns in lucrative third quarter.
Odfjell blasts tax scheme Norwegian owner thinks government's new regime is "more favourable" but retroactive nature could be "unconstitutional".
Nordbank makes more German ship financier sees operating profit jump in first nine months in "dynamic" market.
Gates open on Cosco's Suez deal Long-mooted purchase of 20% in container terminal operation from AP Moller finally completed by Cosco Pacific.
Taxing quarter for Odfjell Norwegian chemical tanker owner sees net profit drop on higher tax bill and increased bunker costs.
K Line Kinkai kicks on Japanese domestic line sees first half profits climb by 45%.
Derivative losses hurt Chemoil Bunker supplier slips into the red in the third quarter after posting derivative losses of $14.8m.
Aegean delivers bigger profit Acquisitive Greek bunker and tanker player pushes up nine-month earnings as it grows fleet.
P&I hike for smaller ships All members of the Shipowners' Club face higher premium after first loss in seven years.
Aker Yards feels the heat Nine-month profit down as Norwegian group faces up to tight delivery deadlines, supply delays and worker shortages.
Shinwa Naiko still ahead Japanese coastal bulker player watches profit and revenue rise in first half.
Nobel prize for shipping? Onassis foundation to fund $250,000 award for industry academics.
Goldman Sachs likes STX US investment bank issues a 'buy' call on South Korean owner and sees 30% upside in stock price.
SFI takes more DESS ships Fredriksen controlled companies agree sale and lease back deals on another two offshore ships.
Double-edged sword Regional Container Lines sees profits up 39% as dollar weakness hits revenues but cuts costs.
DryShips dazzles George Economou dry bulk venture piles on the cash as fleet expands and rates double from a year ago.
Deep Sea Supply sells and charters back again John Fredriksen-controlled Deep Sea Supply is about to sell two AHTSs to Ship Finance International and bareboat charter the vessels back for 12 years at USD 41,500 per day the first two years and USD 27,500 per day for ...
EU warns Croatia The European Commission encourages Croatia to change its policy of giving subsidiaries to yards with financial problems. According to EU this kind of support may complicate a future membership in EU, reports Lloyd's List. Under 2006 Croatia gave subsidiaries to ...
Mikolaj Kopernik to be replaced Euroafrica has acquired the ferry Vironia, built 1976/1977, from Euro Shipping O'. Delivery will take place in November, before that the ferry has to be re-fitted to suit new quays and ramps. The company plans to replace the ...
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