Global Energy's newbuild launch in Fujian a milestone FOR home-grown tanker group Global Energy, the delivery of its first newbuild bunker tanker destined for Singapore port waters from a shipyard in China's Fujian province marks a major milestone for both Global and the shipyard.
Danaos to buy four container ships for US$400m DANAOS Corp, the largest publicly traded container-shipper in the US by market value, agreed to buy four ships from China Shipbuilding Trading for about US$400 million.
Celtic Mist owner considers ITF agreement SOUTHAMPTON 09 March ' Jay Management, owner of the ro-pax Celtic Mist currently embroiled in a dispute over crew and ship condition in Southampton, has indicated that it will consider an ITF agreement when all the current problems are resolved
Green fuel fires Vopak profit ROTTERDAM-based Royal Vopak achieved a net profit of $192.4M last year, based on increased bio-fuel storage and bulk chemical imports in Europe, the MidEast and Africa
Rotterdam considers damages claim MEMBERS of Deltalinqs, the Rotterdam organisation of port related enterprises, are considering bringing a claim against SMIT for financial losses caused by strike action
Barbados port strike over A STRIKE affecting cargo movements at the Barbados port of Bridgetown was swiftly resolved following the intervention of Barbados Prime Minister Owen Arthur
Karachi shipyard seeks Gwadar facility KARACHI Shipyard and Engineering is seeking government approval to set up a site at Gwadar to attract the business of large vessels transiting that area
Vanuatu volunteers for audit THE Vanuatu ship registry, which claims about 600 ships amassing 3Mgt, has applied to be audited under the IMO's Voluntary Audit Scheme
China eyes Temasek as model for new investment agency China's government is considering investing foreign currency reserves ' built up as a result of its trade surplus ' through an agency which may be modelled on Temasek, a move with serious implications for commodity, asset and currency prices key to world trade.
OOIL to pay US$500m special dividend from port sales Orient Overseas International Limited will pay a special dividend of US$0.80/share - totalling US$500m - out of the US$2.35bn cash proceeds from the sale of its four North American terminals.
MOL affirms commitment to Paranagua
Shipyards in South Korea and China see a rush of small-ship orders
South Korean lines add Daesan port calls to help boost volume
Yang Ming Line to launch China-Thailand Service
Guangzhou to spend US$2.6bn on port investment by 2010
All-water service lifts the growth trend at Boston
Serious incident on the Sea of Aland This morning, a blackout during a crossing situation on the Sea of Åland led to an incident that could have ...
Norwegian maritime turnover of NOK 275 billion Norway's maritime industry, comprising around 5,500 companies, had a total turnover of NOK 275 billion in 2005 and left a ...
Mols-Linien with the best profit ever Mols-Linien A/S came out of 2006 with the best result ever in the company's history against all odds, including ...
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