Transpacific container lines remain bullish about 2007 CONTAINER shipping lines operating on the transpacific trade remain bullish about market conditions this year, citing strong cargo demand and lower estimates of capacity growth, despite a forecast supply/demand spread of up to 5.4 per cent.
Lloyd's insurers see rates fall LLOYD's of London insurers Atrium Underwriting plc and Hardy Underwriting plc said insurance prices declined in places not prone to natural disasters.
S'pore K-Line aims to double Aframax fleet by 2015 SINGAPORE-based K-Line Pte Ltd plans to double the size of its Aframax oil tanker fleet to 20 vessels in eight years, a top company official said.
Persian Gulf tanker rates may rise as Opec fails on cut pledge
Angelopoulos returns to drybulk with capesizes THEODORE Angelopoulos has taken his first step back into the dry bulk market with a 180,000-tonner, the Ferro Goa.
Quintana reigns as king of kamsarmax
Star in timely $345m deal for eight TMT bulkers 'BLANK cheque' company clinches a deal to acquire eight bulk carriers from Taiwan's TMT Co.
Pacific First places $229m India yard order A LITTLE known Singapore shipowner Pacific First Shipping has placed a $229m, 12-vessel order with ABG Shipyard in India.
König's Marenave builds its fleet HAMBURG 17 January ' Marenave Schifffahrts, Germany's first listed ship investment company, has added two more Panamax product tankers to its fledgling fleet
Easy winter for Baltic icebreakers THE first Finnish icebreaker left its base in Helsinki today, almost two months later than usual as an unusually mild winter has led to slow icing of the Baltic
Tallink continues strong performance ESTONIAN ferry company Tallink had a strong start to its current financial year, with net profit in the quarter to 30 November 2006 more than trebling that of the 2005 period
Court backs Eurotunnel debt plan THE Paris Commercial Court has added its backing to Eurotunnel creditors in supporting the company's debt restructuring programme
Titan accepts New Carissa challenge US salvor Titan has reached agreement with the State of Oregon regarding removal of the wreck of the bulk carrier New Carissa
Hamburg Süd owner Oetker dies One of Germany's most celebrated entrepreneurs and ship owners, Rudolf August Oetker, died in a Hamburg hospital yesterday
LA-Long Beach caps record year The Los Angeles-Long Beach port complex handled a record 15.76 million TEUs in 2006, an increase of 11 percent from the previous year.
APM Terminals alleges NY-NJ Port Authority violated lease
Maersk adds direct links between Asia and the Middle East Maersk Line is reshuffling capacity to launch a new loop and add direct calls to Japan and South Korea on its Asia-Middle East network in March and April.
Rising tide lifts all boats in charter market
Australian terminals to apply electronic import deliveries
Tamil Nadu government green-lights Colachel hub project
Zim launches four-ship Korea Straits Express
UASC wants to move into Northern China through slot swaps
Star power Petros Pappas' US 'spac' emerges from the shadows to snap up 8-ship bulker fleet from TMT.
K Line in aframax push Japanese owner's Singapore arm KLPL to double fleet to 20 ships in eight years.
Wan Hai hopes to fuel profits Taiwanese boxship line thinks lower bunker and charter costs will offset falling freight rates in 2007.
Third ship fingered in Italy crash Early investigations suggest other vessel may have blocked container ship's view before collision which killed four.
It's a Goa for Metrostar Angelopoulos' firm takes delivery of Imabari newbuild as fleet grows to four.
Lasco sells to Marenave Latvian owner confirms Konig fund will buy two vessels to free up capital for newbuilding programme.
Grain of comfort for Cargill US agricultural commodities giant hails 'outstanding results' as profit leaps a third in second quarter.
Concordia loses Halliburton fight Swedish owner must pay $3.6m after court rules it should compensate US group for VLCC conversion work.
Filipino treble White List status maintained, employment at new high, remittances near record $2bn.
EU lays down law Unions told Polish yards must meet profit and capacity targets if they are to keep state aid.
Drive unit blamed for accident Canada's BC Ferries must install alarms after loading error tipped truck into water.
ABG wins bulky order Little known owner places $229m order at Indian yard for three supramaxes and nine AHTS units.
Tallink in strong start Expanded Estonian ferry operator posts bigger profit for first quarter after adding Silja Line.
DPRK wheeling round sanctions? North Korea accused of using Cambodia-flagged vessel to import bicycles from Russia via Japan.
Yang Ming sees revenue rise Taiwanese box line expecting 10% boost in turnover as trade grows this year.
Sundbusserne threatened by huge tax claim Sundbusserne, the passenger vessels sailing between Helsing'r and Helsingborg, have come into trouble with the customs authorities in both Sweden ...
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