DP World plans 2 bonds to raise up to US$3b DUBAI port operator DP World plans to raise as much as US$3 billion by selling two benchmark size bonds, one of which will have a maturity of up to 30 years, a banker who attended the company's presentation said on Sunday.
Hyundai Heavy may up stake in refiner HYUNDAI Heavy Industries Co, the world's largest shipyard operator, may increase its stake in Hyundai Oilbank Co, South Korea's fourth-biggest oil refiner.
Shipping resumes at Australia's Newcastle port SHIPPING operations have resumed at Australia's top coal export port of Newcastle, after loadings were stopped by a storm, a spokesman for the Newcastle Port Corporation said yesterday.
IMB sounds red alert over Somalia piracy PIRACY watchdog wants greater international naval intervention, even into Somalia's territorial waters.
Somalian attacks pose threat to food aid
China slaps fines on agreements for illegal ops MINISTRY of Communications says ISAA and IRSA member lines were operating illegally in China.
Oil supply crunch may ensue, producers warn OIL companies say soaring costs and shortage of skilled labour could lead to a supply crunch in the coming decades.
A short war far from home NOBODY could conceive why the British were quite so steamed up about the Falkland Islands, with its tiny population of sheep farmers.
Better balance for building THE standard newbuilding contract, Newbuildcon, unveiled by BIMCO strikes all the right notes - but will it be used?
$100 barrel seen as unsustainable Talk of oil prices hitting $100 per barrel have been scotched by a leading oil executive
Carnival exercises HAL option CARNIVAL Corp is continuing its Italian building spree, confirming that it has exercised an option for another Holland America Line vessel
Caribbean box mix changing FEWER tourists are heading for the Caribbean; this has cut the number of containers imported, but increased property developments should counterbalance such losses
Ionia indicted for falsifying logs IONIA Management and an officer on product tanker Kriton have been indicted for falsifying oil logs to cover up illegal dumping
China strategy may shift to pipelines CHINA'S concerns over energy security may see a policy shift that will focus on overland imports of oil through pipelines, says a US energy strategist
OEL unaffected by detention ORIENT Express Lines' regular fortnightly Chittagong'Colombo IBS feeder service continues its operations, despite damaging a jetty
LA truck plan facing major roadblocks Clean truck plan proposed by Port of Los Angeles-Long Beach facing uphill battle against legal and political hurdles.
'Business as usual' First prosecution witness from Odfjell tells Philly judge that Richard Wingfield pledged to continue antitrust cartel after March 2002.
Eitzen behind India deal? Gujarat NRE Coke is taking two 60,000-dwt bulker newbuildings on 10-year time charter with purchase option.
Force majeure at Newcastle Ship loading on Newcastle is essentially on hold until next week as BHP Billiton and Rio Tinto declare force majeure.
Palios and Fortis selling again Principal Simeon Palios and Fortis Bank are already preparing to sell down their holdings in Diana Shipping again.
Letdown, buyback US barge operator ACL is cutting its earnings guidance for 2007 by 16% but sugaring the news with a share buyback.
Gas pressure from EU European Union wants industry to do more to cut harmful gas emissions with trading scheme mooted.
Winter port was unsafe Is sending a handymax to St Petersburg during the ice season nominating an unsafe port?
Smit seals tug deal Dutch salvage group orders four offshore terminal vessels from domestic Damen shipyard.
Canal wait shortened Waiting time is down at the Panama Canal even as traffic is up from last year, say canal authorities.
DNV calls for green action Class society chief Henrik Madsen opens Nor Shipping conference with challenge to owners over environment.
Carnival firms at Fincantieri Cruise giant takes options for Holland America Line franchise at Italian yard in $567m deal.
Japan holds 21 Oily water separator puts Interorient boxship among detainees for May.
Samskip goes door-to-door Icelandic container line takes over part of Delphis Team Lines' business, winning fixed allocation on its vessels.
Costs hurt CMA CGM First-quarter profit sent tumbling at French giant by rising costs and financial expenses.
Novoship soars Russian tanker owner's first quarter profit boosted by sales of older vessels.
STX thinks big Korean shipbuilder wants revenues of KRW 20 trillion by 2010 as it focuses on bulkers, tankers and LNG.
Bharati bags brace Indian shipyard to build two anchor-handling tugs for Norwegian owner in $65m deal.
Julin rises to the top Aker Yards' cruiseship division head succeeds Karl Erik Kjelstad as Norwegian giant's CEO.
Pasha's hull breached Japanese owned panamax bulker said to be taking on water, but there are no signs of pollution.
Eimskip takes total control Expanding Icelandic boxship line brings holding in UK cold storage operation Innovate to 100%.
Fire kills five off Philippines Ferry stripped to the hull by blaze said to have been overcrowded when fire broke out.
Salvors board Pasha Men and equipment have been put aboard the ground bulker to carry out a detailed assessment.
Bourbon Dolphin commission gets under way The royal commission into the Bourbon Dolphin sinking on April 12th of Shetland has got underway amid demands from the ...
Danica White crew safe in Somalia The Danish Ministry of Foreign Affairs has sent out a statement saying that the crew of the coaster Danica White ...
O.W. Bunker opens new Chile office Supplier expanding operations with new trading office servicing South America, bunker tanker in region.
Salvage team struggles to prevent leak Grounded bulker still poses threat to Australian coast.
Horizon Terminal on target Plans to expand oil storage terminal in Singapore are on track, despite the rising cost of raw materials.
Congestion at Rotterdam
Bunkering to start in Gwadar soon New Pakistani port to see a few local suppliers commence bunker supply in two to three months.
Oil could hit $80 this year, Iranian official says Tropical storms one factor that could push up prices, an official from National Iranian Oil Company says.
Hong Kong shelves cold ironing plans Not practical to provide shore power supply before international standards are drawn up, official says.
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