Beijing lures foreign-flagged Chinese ships back home CHINA will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.
China Cosco doubles on Shanghai debut SHARES in China Cosco Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan in subscriptions.
China Merchants to buy 14% of Shenzhen terminal CHINESE port operator China Merchants Holdings said yesterday that it plans to buy a 14 per cent stake in a US$954 million container terminal in China's southern boom city of Shenzhen.
DP World raises US$3.25b from bond sale
Transnet full-year profit rises 50% on sale of assets
Strait Talk
Gloria is the Place for seafarers ASK a Filipino seafarer what is special about Rotterdam and he is likely to say, 'Gloria's Place'.
Beijing lures foreign-flagged Chinese ships back home CHINA will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.
China Cosco doubles on Shanghai debut SHARES in China Cosco Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan in subscriptions.
China Merchants to buy 14% of Shenzhen terminal CHINESE port operator China Merchants Holdings said yesterday that it plans to buy a 14 per cent stake in a US$954 million container terminal in China's southern boom city of Shenzhen.
DP World raises US$3.25b from bond sale
Transnet full-year profit rises 50% on sale of assets
Strait Talk
Gloria is the Place for seafarers ASK a Filipino seafarer what is special about Rotterdam and he is likely to say, 'Gloria's Place'.
Saadé fires warning shot to French register CMA CGM chairman ready to switch bulk of French fleet to UK flag due to financially onerous crew nationality requirements.
French officers ready to strike
China Shipping faces fraud allegation BANKING regulator says company misused $315m worth of loans to invest in Shanghai IPO market.
China unveils plans to woo its shipowners GOVERNMENT offers tax breaks to lure Chinese-owned, foreign-flagged vessels to switch to their national flags.
New start at the end of a tough trip THE Netherlands looks forward to an era of efficient goods transport with the opening of the Betuwe rail link.
Maersk clears decks THE sudden departure of three top executives from AP Moller-Maersk is positively seismic.
China asks HK to stall expansion A senior Chinese government official has asked Hong Kong to stall plans for expansion of container handling facilities and focus instead on developing "high-end" logistics
GE shipping warrants approval THE BOARD of GE Shipping has approved a preferential issue of over 5M warrants to its promoters and directors today
Crude stocks rise as refineries struggle US refinery maintenance outages are lasting much longer than usual, inflating stored crude oil inventories to levels that could dampen short-term crude tanker imports
Princess rescues sailor in distress PRINCESS Cruises' Bermuda-flagged Crown Princess yesterday came to the rescue of a sailor off Virginia who had been adrift for several days on his 6m craft
USN helps train DR in security THE Dominican Republic is currently playing host to a fast US Navy catamaran on a mission to strengthen Caribbean regional maritime and port security
MarAd pressed on pollution handling MARAD head Sean Connaughton has been asked by congressional representatives to release a report on pollution from 80 rusting naval vessels in San Francisco Bay
Zim takes two Name of yard to build twin units not revealed as Israeli line commits to $92m spend.
OceanFreight buys again Italy's Deiulemar is getting $47m for a panamax from a repeat customer, Bob Cowen-led OceanFreight.
SCI loses another boss Liner director SS Rangnekar's contract not renewed, leaving two major divisions without leaders.
V.Ships profit up 20% Outsourcing boom lifts shipmanager's parent and justifies new investors' faith.
Short-sea list gets longer Finland's Containerships adds two new ports to schedule with new, larger unit taken on charter.
Tax holiday in China Government wants to entice ships back to domestic register with two-year sweetener.
MBC buys out partner Malaysian owner takes 100% control of newbuilding products tanker in deal with Mitsui.
Crew righting bulker List on NYK's Taharoa Express reduced to 12 degrees after excess water is removed from hold.
Davie wins offshore order Economou and Pistiolis-backed Ocean Hotels signs for two accommodation ships at Canadian yard.
Sheths to build stake Great Eastern's controlling family, led by boss Bharat Sheth, to snap up convertible warrants with cash from Great Offshore sale.
Fredriksen keeps buying Pursuit of Malaysian drilling contractor SapuraCrest continues as Seadrill snaps up more stock.
'Samina' sentences slashed Athens appeals court knocks years off jail terms of captain and three others charged with fatal ferry sinking.
CSDC continues revamp Chinese owner sells two older tankers and scraps a third to cut costs.
Malta bribes probe Maritime authority under investigation after allegations of bribery involving boat licences, contracts and flag.
Maua Jurong gets the cash Brazilian yard wins development bank funding to build four tankers for Transpetro.
Koznitsa re-floated US authorities free Navibulgar-owned handysize bulker which grounded outside Brunswick Harbour.
Transocean behind Daewoo driller World's largest offshore drilling contractor emerges as company who placed recent $500m order.
CSDC forms coal venture Chinese owner committing two bulkers to new operation with power producer Jiangyin Sulong.
'Can't stop Gearbulk' Norwegian diplomats want bulkers to stop loading phosphate in Western Sahara but their jawbones are their only weapon.
OOIL names new CFO Ex-Citigroup director to replace Nicholas Sims in top finance job at Hong Kong parent of OOCL.
Globus fixes to Cosco Recent AIM debutant secures employment for one of its five handymaxes from Chinese giant.
Bourbon Dolphin job would have been stopped in the Norwegian sector AHTS Bourbon Dolphin was grappling with a too heavy anchor in six metre waves north west of Shetland when the ...
Mærsk CEO starts his own shipping company A lot of speculations have been made after it was revealed that the present Mærsk CEO, Jess Søderberg has founded ...
Tordeskjold trio indicted for fraud Former shipowner Tor Johan Stuve and two of his associates are now charged with fraud and embezzlement involving NOK 100 ...
California: ARB invites input on Vessel Speed Reduction measure Speed reduction could form part of effort to reduce harmful emissions from ocean-going vessels.
Risky refloat operation planned for Thursday Bunker spill danger remains real amid fears that Pasha Bulker refloat operation could worsen hull damage.
Algeciras port predicts continued bunker growth Port officials report nearly 12% growth in 2006; see further growth despite environmental opposition to bunkering in the Bay.
Rotterdam little changed Tuesday morning
Saudi fuel oil cargo offered for July loading Saudi Aramco offers up to 116,000 mt of 380 cst fuel oil from its Jubail refinery.
Saudi Aramco halts 180 cst bunker sales Aramco's Ras Tanura refinery has temporarily stopped supplying 180 cst along the Persian Gulf.
Some OPEC members increasing output Iran and Algeria are exporting more crude oil. Nigeria too, has increased output.
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