RM1b upgrade for Penang Port Malaysia's oldest port, Penang Port, which has been identified to play the role of lead port in the Northern Corridor Economic Region (NCER), intends to enhance its existing competencies as it leverages on intra-Asian trade as its pillar of strength, says a report in Malaysia's Business Times.
Myanmar liner to start service to Sri Lanka Myanmar's state-owned overseas liner, the Myanmar Five Star Lines (MFSL), will introduce its cargo transportation service to Sri Lanka soon to mark the opening of a direct sea link between the two countries to boost bilateral trade ties, the local Flower News reported yesterday.
Caltex Australia buys bigger oil cargoes Caltex Australia Ltd, the nation's biggest oil refiner, said it's increasing the size of crude-oil cargo purchases and buying the commodity from more distant sources, including West Africa, to boost profits at its plants.
New law puts liner conferences future at risk CHINA has passed an antitrust law that does not allow exemptions for the liner industry.
Lines tell EU to spell out rules on data sharing
Samsung applies brake on cruise sector prospects EXECUTIVE says little prospect yard will build a cruise ship before 2017.
China Cosco shares fall as Temasek cuts stake CHINA Cosco shares see biggest five-day fall as Singapore's Temasek slashes stake to 10.87% from 12.3%.
Few designs on comfort aboard THE importance of suitable habitats should never be neglected -- for seafarers who live aboard their ships for many months on end.
Singing an old song THERE is getting to be something rather repetitive about the agonising over crew quality and the availability of prime seafarers.
Brazil predicts huge cabotage spend Brazil could and should be experienicng a "boom in shipbuilding for cabotage services" over the coming years, according to the new executive VP of Brazilian-flag ship owners' association Syndarma
Finns plan to clean up Baltic FERRIES are to be the guinea-pigs testing a new project by Helsinki and Turku to stop Baltic water quality deteriorating
Skaugen JV for China gas tankers IM Skaugen has formed a 50/50 joint venture called Singco with GATX Corp that will assume the ownership of the first four 10,000 cbm Multigas carriers
North West Passage 'is open now' CANADA'S fabled Northwest Passage is now fully navigable as a result of the retreat of Arctic ice, the European Space Agency claimed last Friday
Norwegian owners angry over tax FURIOUS delegates spoke out today against the new Norwegian tax bill which will to be introduced in three weeks' time
Five left in Shetland-Norway tender NORSHUKON consortium has received 11 expressions of interest to operate a Shetland-UK-Norway ferry service
Higher rates for eastbound trans-Pacific coming in 2008, APL executive says Vessel capacity and shipper demand in the eastbound Pacific expected to be in equilibrium in the coming year.
APL rates gain
Maersk changes Asia-Red Sea port calls
Dockwise plans IPO
Authority, consortium sign off on Rotterdam mega-port
Transatlantic talks to yards Swedish shipowner finalising order for three ro-ros for Atlantic services.
Congress to hear cruise victims Victims organization to present horror stories and proposals to increase cruise safety at US House Coast Guard Subcommittee hearing.
MCA braced for strikes UK's maritime safety agency facing strikes by coastguard and surveyors over pay.
Lemissoler bites on feeder line Baltic Container Lines buy to bolster Polish feeder operator Inter Marine Container Lines.
Thumbs up for Buquebus deal Spain's government approves ferry operator's buyout by rival Balearia.
Skaugen cools on Norway Owner says move from ASA to societas europea is not related to current taxation scenario in Norway.
Collision captain 'disappears' French authorities said to have lost trace of Azerbaijani master of Turkish vessel involved in fatal collision.
Downeast pulls LNG filing Company beset by controversies over LNG shipping lanes plans to re-file.
Danaos takes option John Coustas-led owner takes China Shipbuilding order to five units with 12-year charters lined up "at accretive rates."
Varun wants billions Indian tanker owner lines up debt issues and mortgage plans worth INR 100bn ($2.47bn).
Japan detains 20 Port state inspectors hold usual array of general cargoships, plus a domestic passenger ferry.
Pac Basin orders in China Hong Kong bulker owner pleased with post-panamax price at Shanghai Jiangnan.
SCI and ONGC eye tie-up Indian shipping and oil giants in talks over forming drillships joint venture.
Northern light? One Norwegian shipowner thinks there could be light at the end of industry's dark tax tunnel.
Ships collide off China Bow of Germany boxship believed to be wedged in side of Chinese bulk carrier in Bohai Sea.
Skaugen confirms Norwegian gas-carrier owner owns up to four on order in China and sets up another joint venture with GATX.
Euroafrica buys Russian Polish owner snaps up Sovcomflot general cargoship for Spliethoff.
DL wants bulk boon Indonesian boxship owner Djakarta Lloyd planning domestic bulker orders to boost profit.
Aker rolls out the debt Norwegian yard group mulling bond sales worth around $91m.
Danica White probe Danish casualty investigators examine security of ship hijacked by Somali pirates.
BLRT on the rise Estonian shipyard group banks more profit as it expands through acquisitions and joint ventures.
Temasek cuts Cosco stake State-owned holdings company raises $104m from sale of 1.4% in China Cosco Holdings.
NSA to see Norwegian PM og Friday Norway's Prime Minister Jens Stoltenberg, is to meet representatives of the Norwegian Shipowners' Association (NSA) on Friday this week to ...
Prosafe flags out to Cyprus Prosafe, which owns and operates 12 service rigs and 7 FPSO/FSO vessels, is flagging out to Cyprus in order ...
Sovcomflot plans to expand in Murmansk On September 12 Yuri Evdokimov, the governor of the Murmansk region, and Sergey Frank, general director of Sovcomflot, signed a ...
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