S'pore shipping body says 'no' to funding for straits' upkeep PLAYING the Law of the Sea's 'international waterway' card, the Singapore Shipping Association has voiced its absolute opposition to any mandatory cost-sharing for the maintenance of navigational safety in the busy Malacca and Singapore straits.
Dalian Port, Modern Terminals in JV DALIAN Port Co, operator of China's largest crude oil terminal, and Modern Terminals Ltd agreed to build deep-water container terminals in Dalian to tap the country's rising cargo demand.
Carnival profit rises on demand for Euro cruises CARNIVAL Corp, the world's largest cruise-ship company, said first quarter profit rose more than analysts estimated because of demand for European trips.
Aker to book 2.9b kroner gain from stake sale
Korean shipbuilders' shares up on new orders
Port Shots
Port shots DUBAI port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the US, the official WAM news agency reported on Saturday.
S'pore shipping body says 'no' to funding for straits' upkeep PLAYING the Law of the Sea's 'international waterway' card, the Singapore Shipping Association has voiced its absolute opposition to any mandatory cost-sharing for the maintenance of navigational safety in the busy Malacca and Singapore straits.
Dalian Port, Modern Terminals in JV DALIAN Port Co, operator of China's largest crude oil terminal, and Modern Terminals Ltd agreed to build deep-water container terminals in Dalian to tap the country's rising cargo demand.
Carnival profit rises on demand for Euro cruises CARNIVAL Corp, the world's largest cruise-ship company, said first quarter profit rose more than analysts estimated because of demand for European trips.
Aker to book 2.9b kroner gain from stake sale
Korean shipbuilders' shares up on new orders
Port Shots
Port shots DUBAI port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the US, the official WAM news agency reported on Saturday.
Drayton to succeed Cooke at Baltic GALBRAITH'S director will take over from incumbent Anthony Cooke after the annual general meeting in July.
Exponent snaps up V.Holdings stake EXPONENT Private Equity is the new major shareholder in V.Holdings following the sale of the 50% stake held by Close Brothers Private Equity.
Tanker 'safe' off Gibraltar "A POTENTIAL environmental calamity" was averted at the weekend after a laden double-hull handymax tanker ran aground off Gibraltar.
TUI merges with First Choice THE tourism division of German tour operator TUI AG is to merge with UK tour company First Choice to form one of Europe's largest tour operators
Hapag-Lloyd plunges to loss in 2006 Container carrier saw earnings plummet in 2006 on lower freight rates and higher fuel and inland transportation costs.
Smit tug crews strike once more Smit Rotterdam harbour tug crews are on strike again, an action started on Saturday morning and ' as of this morning ' expected to last until Tuesday morning or even Wednesday morning.
Dalian Port and Modern Terminals confirm co-operation in north Dayao Bay Dalian Port Company (PDA) today revealed a signed framework agreement with Hong Kong's Modern Terminals Company and the Dalian Municipal Port Administration Bureau.
TUI shipping records '106.2m earnings loss in 2006
South Korea to raise port stevedoring fee by 3.6%
Danaos orders five 6,500 teu vessels from Hanjin Heavy Industries
Maersk Line becomes poster child for Chennai transhipment hub bid
Seaboard Marine expands US Gulf/Caribbean service
CIMC 2006 net profit grows 3.84%
India to seek Russian funding for Vizhinjam project
Malaysia agrees to study regional load port question
Crowley bids to go private US shipowner Tom Crowley is offering to buy out dissidents and other minority investors at a whopping $2,990 per share.
Drayton takes Baltic chair Galbraiths' Michael Drayton lands chairman post at Baltic Exchange at time when future of indices is up for discussion.
OMI has private offer Sources suggest private-equity sponsor made bid for Stamford company ahead of Friday's announcement that owner would explore sale.
No further cut in UK dues Shipowners disappointed that charge for maintaining lighthouses will remain the same this year.
V.Ships buy-out completed Managers team with UK private equity firm Exponent to leave former 50% owner Close Brothers with minority interest.
Minoan Lines pushes on Greek ferry owner ups 2006 profit from record revenues.
FSL Trust to fly Singapore shipping investment trust First Ship Lease Trust looking to bag $216m in IPO.
Baosteel to partner CSSC Chinese steel group putting up cash to complete state shipbuilder's mega-yard on Changxing island.
Scandlines owners disagree Deutsche Bahn and Danish government cannot decide on who to sell ferry company to.
No holiday for TUI German tourism and shipping group slumps to huge loss as merger struck with First Choice of UK.
Braila cuts losses Aker Yards' Romanian hull builder keeps costs rise below that of revenues in 2006.
Tallink adds second Estonian ferry operator doubling up between Riga and Stockholm.
Suez revenue raised February revenue figure increases as canal authority prepares for hike in transit fees in April.
Hamworthy wins more LNG work UK gas systems maker will supply reliquefaction units to Daewoo and Samsung.
RAL on a roll Greenland boxship player enjoys 2006 profit rise on higher volumes.
Eight dead off China Search continues for missing nine as 12 rescued after two vessel collision off Zhoushan.
Lynch targets Irish Ferries Irish investor's One51 snaps up 5.65% stake in ferry owner and could be a rival to management buy-out.
Wozmax pair for NYK Japanese owner pushes boundary of ore carrier design with order for two 250,000-dwt ships.
GOG buys and sells Golden Ocean Group has acquired panamax bulker newbuildings in India and sold two on order in China.
Europe lifts Carnival First quarter profits up 13% at world's largest cruise firm despite pricing weakness in the Caribbean.
China surpasses Korea Hunger for new bulkers sees Chinese yards win more orders in 2007 than their neigbours and rivals.
More turbulence in the Scandlines sale The sale of Scandlines has grounded on a new rock-solid disagreement between the two owners. The German part, Deutsche ...
Svitzer tug sank off Swedish west coast SwitzerWijsmuller's tug Bohus grounded off the island of Orust on the Swedish west coast after an engine breakdown in rough ...
Aker yards shares for NOK 4.9 billion Aker has sold its 40.1 per cent in Aker Yards for a total of NOK 4.9 billion (EUR 608.3 million ...
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