Sinotrans to consider buying smaller rivals Sinotrans Shipping Ltd, China's third-largest owner of dry bulk ships, will consider acquiring smaller rivals as well as buying new and second-hand ships as it expands its dry bulk cargo fleet, its chairman said.
DP World shares rise on debut on Dubai bourse Shares of Dubai Ports World rose as much as 10.8 per cent on their trading debut yesterday after the world's fourth-largest container port handler raised almost US$5 billion in an initial public offering.
Port woes could hit Rio Tinto coal orders Rio Tinto, the world's third-largest mining company, said that it may not be able to meet orders to export coal from the Hail Creek and Blair Athol mines in Queensland state because of congestion at the Dalrymple Bay port.
Crew crunch reaching crisis point CRISIS could be acute enough by next year to prevent vessels sailing, warns HKSA managing director Arthur Bowring.
Crew crunch a safety risk says Gard
Dry bulk rates set to go even higher DRYBULK boom is expected to continue into next year, with even higher freight peaks, say leading analysts and players.
CMA CGM inks Xiamen port investment venture CMA CGM is to invest in the construction of a $307m deep water container port at Xiamen's port of Haicang.
BEYOND THE CALL OF DUTY THe IMO Award for Exceptional Bravery at Sea hopes to raise the profile for seafarers and shipping.
Bringing on the expertise ONE only has to look at the shortage of technologists right across the maritime industry to illustrate the problem of 'short termism'.
Privatise Fincantieri, Prodi urges Italian Prime Minister Romano Prodi has pressed for Fincantieri to be privatised
ISF warns Brussels on unilateralism THE ISF has reacted to the EC's 'Blue Paper' policy review by warning Brussels against further unilateral law-making
Owners stung as Rome cuts tax break ITALIAN shipowners association Confitarma has complained that the 2008 budget will not renew the tax relief previously granted to shipowners for cabotage operations
McLeans selling Trailer Bridge stake THE McLean family has confirmed plans to sell its 48% stake in US-flag tug-barge container operator Trailer Bridge
Aker American splits up AKER American Shipping will split into two stand-alone entities: a shipowning company and a shipyard
Iranian aid for Sri Lankan ships CEYLON Shipping Corp is seeking Iranian credit to fund the purchase of two cargo ships for coastal operations to the northern Jaffna peninsula
McLean family to sell Trailer Bridge stake Family of founder, containerization pioneer Malcom McLean intends to sell 47.8-percent stake in Jones Act ocean carrier.
Top to issue shares US-listed tanker and bulker owner reveals a 21 million share offer that could scoop up $92.1m.
Cruise crunch? Owner of lost Antarctic cruise ship faces replacement dilemma.
Aegean gets price boost Jefferies analyst hikes target price for Greek tanker owner by 31% on the company's prospect for growth.
Trico closes Norway buy US offshore vessel owner completes deal to buy a company holding eight subsea vessel contracts.
USSP stocks soar Stock in the New Jersey company jump 23.2% after it forecasts paying its full dividend through 2008.
Trailer Bridge braces for sell-off As the McLean family pulls out of the Puerto Rico container barge specialist, Trailer Bridge appoints special advisors to work with the family.
Mokster inks rescue ship Norwegian offshore owner orders new unit at compatriot yard in $55m deal.
Two die on SCI tanker Crewman and cadet killed when tug rope snaps during berthing of ship at Cochin.
14 saved in Iran Rescue workers recover all of the crew from a sinking ship near the Iranian port of Bushehr.
BLRT still on the up Estonian shipyard group increases profit and revenue in first nine months.
Gdansk woes continue Poland set to miss EU deadline for selling stake in troubled shipyard, treasury minister says.
EC clears German broking deal Green light for ThyssenKrupp and Toepfer to buy into Brouwer Shipping & Chartering.
GS wants Daewoo Korean energy group interested in bidding for domestic shipbuilder, if sell-off ever gets off the ground.
Debt joy for DP World Port operator's star continues to rise following IPO success, but rumors of a second listing persist.
Green Reefers slips on costs Hike in operating expenses, a weak US dollar and larger fleet see owner slump to increased loss in third quarter.
Boskalis thinks big Order for two dredgers in Holland just another step in huge ongoing fleet renewal for Dutch owner.
IHI lands big gain Japanese shipbuilder to raise $712m from selling land near Tokyo headquarters.
Aker confirms split Aker Philadelphia shipyard will bank $25m following its separation from Aker America Shipping.
Concordia misses target Swedish tanker owner downgrades 2007 profit forecast after expected upturn in products market fails to occur.
Conversion score for Keppel Singaporean yard to convert VLCC into FDPSO for Prosafe which earlier sealed $400m contract off Africa.
Nautilus calls for safety review UK union increasingly concerned about far-flung destinations after Explorer sinking in Antarctica.
Braila beefs up capital Aker Yards-owned Romanian shipbuilder issues new shares to raise funds.
HHI bounces back Shipbuilder reaps the rewards of last week's fall as investors are tempted by lower prices.
Nichols granted stay of execution US bankruptcy judge allows shipyard an operating budget for next eight weeks.
London confirms 17.5% Heavy claims lead to high end general increase for P&I club that covered the MSC Napoli.
Tanker under tow after drifting in Skagerrak Svitzer A/S had its tug Fenja as first on the scene in Skagerak to pick up the Panama-flagged tanker Astor, which was drifting after a failure on the main engine. The crew were unable to re- start the ...
Danish naval vessel to Somalia patroling Denmark seems to have the necessary political will to help with fighting the piracy off the coast of Somalia. In the aftermath of the Danica White case both the Danish navy and the politician are prepared to send a Danish ...
Simek to build a rescue PSV Simek AS is to build a platform supply rescue vessel, orderer is shipping company Simon M'kster. The contract is worth EUR 37.5 million and the vessel will be delivered in October 2009. The PSV of Havyard 832 cd rs ...
Dutch debut for 'environmentally benign' fuel First ever marine trial underway of a GTL fuel produced by Shell, which the company says could play a part in future fuel solutions.
Singapore bunker market takes Chinese fuel oil surplus High prices dampen Chinese appetite for residual product.
Argentina calls for stricter controls following sinking Threat to Antarctica's vulnerable environment from cruise ship's bunker fuel.
Rotterdam market stable
Fujairah storage set to grow Terminal operator announces plans for another 1.2 million cubic metres of tank storage space.
Bunker prices heading for 'dramatic correction' Japan-based bunkering company believes speculative crude oil bubble is due to burst.
Dalian, China: New oil terminal berth
Typhoons threaten Philippines Disruptions to bunker operations expected at Cagayan de Oro.
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