PSA said to have won Ecuador terminal deal PSA International looks to have bagged its first South American terminal after Ecuador's Guayaquil port authority awarded a 20-year concession to a strategic alliance between the Philippine's International Container Terminal Services Inc and PSA.
French port strike threatens fuel supply A crippling strike at the strategic Fos-Lavera oil hub near Marseille entered its third week yesterday, threatening fuel supplies to French motorists and gasoline exports to US markets.
India's Varun to order 11 new ships from S Korea INDIA's Varun Shipping Co Ltd is expected to order 11 new ships from South Korean shipyards after April 1, with a fleet expansion budget of US$600 million, a company official said late on Sunday.
Cruise crime agreement confirmed WASHINGTON, DC 28 March ' The cruise industry unveiled a new voluntary agreement with US authorities on crime reporting at a Congressional hearing yesterday
Intentionally grounded bulker freed THE Panama-flagged bulker Antilles II, intentionally grounded after losing power, has been freed in Tampa Bay
Rotterdam negotiators talk double Dutch THERE is confusion over whether Smit Harbour Towage workers in the port of Rotterdam have returned to strike action
Salvador prepares for bulker refloat AUTHORITIES at the northeast Brazil port of Salvador are preparing to refloat the Chilean products carrier Cabo Pilar, which has been aground off the port since Sunday
Box loss drags mighty M'ller lower A deep loss in container trades and a sharp increase in tax bill reduced the 2006 net profit of AP M'ller-M'rsk to $2.69Bn from $3.32Bn in 2005
Aker Philly expands Hyundai ties AKER Philadelphia Shipyard has expanded its relationship with Hyundai Mipo Dockyard to cover six additional tankers as well as future container ship newbuildings
Maersk Line posts $568 million loss World's biggest container carrier plunges to a loss in 2006 on lower freight rates, higher fuel bills, lower-than-expected cargo growth.
Apollo sues to block sale of forwarder EGL to CEO
Workers vote to continue Marseille port strike
"K" Line enters heavy-lift market
CSX urges shareholders to reject 'mini-tender' offer
ITI chairman warns of intermodal freight 'ignorance'
Container shipping overshadows APMM profitability A "substantial loss" in the container shipping division of the AP Moller-Maersk Group overshadowed the group's DKK16.19bn (US$2.72bn) profit for 2006, said CEO Jess Soderberg today.
Smit Rotterdam towage down again, as strike renewed Smit Rotterdam harbour tug crews resumed their strike action this lunchtime, immediately after failure of the first round of talks following Kees Marges's "evaluation" efforts.
Zhanjiang Port Group secures RMB5bn funding for port expansion
Chartering activity slows, after recent fixture frenzy
Sinotrans 2006 profits fall 28%, due to ocean shipping
Magic pipe fight Ionia Shipmanagement is fighting 'improper detention' of ship and crew but the US claims Katy Therapiotis's company is no angel.
K Line heavily into Germany Japanese giant K Line has taken a 50% stake in heavy-lift specialist SAL Group alongside the owning families.
Zim profits slump Deeply discouraged full-year and fourth-quarter profits are weighing down Zim's parent Israel Corp.
Philly, Mipo in boxship link The Dave Meehan-led Philadelphia shipyard is looking to Hyundai Mipo in a prospective return to boxship building.
Tax tumult at Maersk Danish giant pushed to lower net profit by bigger tax bill in 2006, while boxships and shipyards made significant losses.
Torm in OMI hunt? Danish products tanker power looks to be getting serious about bid to acquire Connecticut owner as it markets 32% Norden stake for some $700m, analyst says.
ABG makes it a dozen Tug order from Cyprus-based Lamnalco is the twelfth from the company at the Indian yard.
GFI buys Century Derivatives specialist snaps up UK broker to build dry cargo business.
Cash boost in store for Titan Warburg Pincus invests $175m in China's Titan Petrochemicals for half of its oil storage unit and shares.
Baltic calls vital meeting Share-split up for debate at 19 April EGM on exchange's future.
Siat shines Italian marine insurance specialist lifts 2006 profit by 42%.
Skarpoe officer arrested First officer of Cyprus-flagged vessel which grounded in Baltic Sea held on suspicion of being over the limit.
Yangzijiang plays it safe Chinese yard marketing Singapore IPO significantly below some industry estimates of $800m.
Plea to free Rozen 12 Families of general cargoship crew seized by Somali pirates want ransom paid.
British Marine profit hike Former insurance club on course for A+ rating as Robert Johnston delivers the results.
MOL goes it alone New fully-owned liner agency to replace Vector Shipping as Japanese giant seeks to expand in Poland.
Halter hauls in PSV ST Engineering's US shipyard subsidiary to build supply ship worth $23.5m for delivery in 2008.
Angelicoussis inks STX capes Greek owner has ordered six 181,000-dwt bulkers at Korean yard with deliveries set for mid 2011.
Asia-Africa upgrade K Line, MISC and Pacific International Lines are adding bigger ships and more ports to service
GO flies charter wing New chartering subsidiary for Greek bulker owner Global Oceanic Carriers to cut costs and boost profit.
Hapag goes it alone to Oz German shipowner going it alone on Europe-Australia/NZ route, ending tie-up with CMA CGM.
Sinotrans struggling Chinese freight group dragged down in 2006 by losses from container shipping.
Bulkers rule February order haul back over the 1mgt plus mark as yard back log surges to second highest ever.
Sea officers fear criminal repercussions Seagoing officers leave their jobs for fear of criminal repercussions in case of accident, which they always do their utmost ...
Drunk mate sailed his coaster ashore on Bornholm The mate on the German owned coaster Skarpoe was arrested yesterday by the Police in Hasle on Bornholm. The coaster ...
Baltiyski-102 refloated Baltiyskiy-102 that grounded on Neugrund on Sunday, was refloated on Tuesday after having discharged the cargo of forest products ...
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