Frontline posts surprise 76% slump in Q3 profit to US$24.2m Frontline Ltd, the world's biggest operator of supertankers, said that third-quarter profit tumbled 76 per cent as it leased out ships for less and fuel costs surged.
S Korean shipbuilder SPP eyes listing South Korean mid-size shipbuilder SPP Shipbuilding is seeking to raise up to US$300 million in a 2008 IPO in Seoul to bankroll expansion in the buoyant shipbuilding industry, a source familiar with the situation said yesterday.
HK ports' container traffic up 0.4% in October Hong Kong port operators including Hutchison Whampoa Ltd and PSA International Pte handled 0.4 per cent more containers in October than a year earlier, as competition from mainland harbours stymied traffic growth.
Admiralty Casebook
Ship owners lose demurrage case THE 90-day time bar for a demurrage claim under a Beepeevoy 3 voyage charter-party form must be applied strictly unless a vessel owner provides all supporting documents within the limitation period, the English High Court ruled last month.
Frontline posts surprise 76% slump in Q3 profit to US$24.2m Frontline Ltd, the world's biggest operator of supertankers, said that third-quarter profit tumbled 76 per cent as it leased out ships for less and fuel costs surged.
S Korean shipbuilder SPP eyes listing South Korean mid-size shipbuilder SPP Shipbuilding is seeking to raise up to US$300 million in a 2008 IPO in Seoul to bankroll expansion in the buoyant shipbuilding industry, a source familiar with the situation said yesterday.
HK ports' container traffic up 0.4% in October Hong Kong port operators including Hutchison Whampoa Ltd and PSA International Pte handled 0.4 per cent more containers in October than a year earlier, as competition from mainland harbours stymied traffic growth.
Admiralty Casebook
Ship owners lose demurrage case THE 90-day time bar for a demurrage claim under a Beepeevoy 3 voyage charter-party form must be applied strictly unless a vessel owner provides all supporting documents within the limitation period, the English High Court ruled last month.
CMA CGM pulls out of listing Global Ship Lease (GSL), a newly formed vessel-owning finance entity, has indefinitely postponed plans to go public on the New York Stock Exchange, Reuters new agency said today
Shell to build LNG plant at Fos ENERGY major Shell is to invest '650M ($950M) in a new LNG regasification facility at Fos-sur-Mer
Finance costs drag Eitzen into red A SHARP increase in financing costs after acquisitions pulled the net result of Norwegian group Eitzen Maritime Services down to a net loss of NK6.3M ($1.1M)
USCG approves compliance policy SHIP owners and operators who voluntarily implement environmental compliance programmes could be spared criminal prosecution, under a new Coast Guard policy
Superferry injunction lifted HAWAII Superferry has overcome its last hurdle, after a judge affirmed the validity of an emergency law that allows operations to restart
Los Angeles and Long Beach ports ready to move on ambitious expansion plans More than two dozen environmental reviews await approval before ports can implement billions in expansion projects.
TSA seeks immediate recovery of fuel costs
DHS plans small-scale test of Global Trade Exchange
Eckerö sold the Roslagen Rederiaktiebolaget Eckerö, on Åland, has sold the ferry the Roslagen, and she has been transferred to her new owners. It has been agreed not to go public with the name of the buyer. Ecker' confirms the price at market value ...
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