Guangzhou Port Group plans to go public in Q4 GUANGZHOU Port Group, an operator at China's third-largest cargo port, plans to raise up to US$750 million from an initial public offering in the fourth quarter, says a report in the South China Morning Post, citing sources.
Demand may boost Persian Gulf rates in Feb THE cost of shipping two million barrels of crude oil to Asia from the Middle East, which was little changed last week, may increase as bookings for February cargoes reduce ship availability.
Hudong Heavy selling shares to raise 12b yuan HUDONG Heavy Machinery Co, China's biggest maker of diesel engines for ships, will sell 12 billion yuan in shares to a group of companies to buy shipyards from its parent and raise cash for new technology.
Cargo ship runs aground in Spain, spills engine fuel
Dubai World Central's first A380-enabled runway on track
Port Shots
Port shots DUBAI Ports World has won regulatory approval to build a 3.48 billion yuan container port project in east China, the country's top economic planner said yesterday.
Guangzhou Port Group plans to go public in Q4 GUANGZHOU Port Group, an operator at China's third-largest cargo port, plans to raise up to US$750 million from an initial public offering in the fourth quarter, says a report in the South China Morning Post, citing sources.
Demand may boost Persian Gulf rates in Feb THE cost of shipping two million barrels of crude oil to Asia from the Middle East, which was little changed last week, may increase as bookings for February cargoes reduce ship availability.
Hudong Heavy selling shares to raise 12b yuan HUDONG Heavy Machinery Co, China's biggest maker of diesel engines for ships, will sell 12 billion yuan in shares to a group of companies to buy shipyards from its parent and raise cash for new technology.
Cargo ship runs aground in Spain, spills engine fuel
Dubai World Central's first A380-enabled runway on track
Port Shots
Port shots DUBAI Ports World has won regulatory approval to build a 3.48 billion yuan container port project in east China, the country's top economic planner said yesterday.
Shipowners blast EU protectionist measures OWNERS fear measures such as the introduction of European cabotage laws would lead to global retaliation.
Shipping groups express concern about EC maritime Green Paper
Shell and Repsol sign Iran LNG deal AN UPSTREAM services agreement on the Persian LNG project puts Iran in the running to join the club of LNG exporters.
Sovcomflot strikes gold with Rosneft partnership RUSSIA'S premier shipping group strikes deal to act as offshore technical manager for state oil giant Rosneft.
Reefer owner fined after grounding THE owner of a reefer vessel that ran aground yesterday after dragging anchor in heavy weather must come up with euro1.2M to cover possible fines and costs
Majors reassess MidEast strength MAJOR container terminal operators are reassessing their presence in the Middle East region in a bid to strengthen competition
Brazil to export its way forward BRAZIL'S are expected to gain great benefit from a new initiative launched by re-elected president Lula that aims to improve transport and infrastructure
Cantarell plunge confirmed OUTPUT from Cantarell, Mexico's largest field, is falling as fast as feared, implying a future tonne-mile upside for US tanker imports
Box ship charter rates strengthen Charter rates inch upwards as ocean carriers gain confidence that cargo volumes will remain buoyant on key long-haul routes.
TWIC contract awarded to Lockheed Martin
APL container revenue down
Port of Savannah volume boosts box ranking
DP World to boost capacity 50%
Intermarine's Kavanagh dies
Gain for world air cargo
Finnlines urges shareholders to reject Grimaldi offer
Carriers compensate for weak Asia/Europe eastbound trade through westbound rate rises Shipping lines operating in the trades between Asia and Europe are attempting to compensate for a collapse in eastbound rates by raising westbound charges according to one executive source.
New loop and a new partner as CKYH reshuffles Asia-Mediterranean services The CKYH Alliance will re-arrange its Asia-Mediterranean services to address the growing demand in the East Mediterranean region, adding a new service and a new partner - CMA CGM.
Hyundai Jakarta to conclude HMM's Asia-Europe Express upgrade
South Korean shippers seek to curb freight rates
Halifax loses out in Maersk's Middle East services re-shuffle
Chittagong feeder calls rise in spite of political unrest
Minister set to inaugurate Vallarpadam link projects next week
Finnlines expect substantial compensations Finnlines estimates that the compensations for delayed delivery of the Italian newbuildings of Finnstar-class will be substantial. The result ...
NOx-free shipping is here New figures from the Swedish Maritime Administration, SMA, show that it is possible to operate ships without almost any NOx ...
Many FPSO projects are high risk Of the 24 FPSO projects currently planned or commenced, 12 are started with prior contracts. These speculative investments amounts to ...
Product glut plays havoc with ARA market LSFO February barge swaps at record discount to HSFO as export plans and strong contango belies prompt glut.
Chemoil buys VLCC for storage Chemoil chief says VLCC suits strategy of acquiring strategic assets, boosting competitiveness.
Napoli oil suspected in France No new leaks reported as dangerous salvage operation gets underway.
Storms claim another casualty Fuel leaks from a reefer blown aground near Gibraltar, bunkering resuming after stormy weekend.
ARA market remains firm
Hong Kong bunker market faces 'serious shortage' MGO and 180 cst products tight while competitive 380 cst prices draw higher enquiry volumes.
Titan open to 'various alternatives' for storage in Singapore Titan also looking to lease up to 75% of its Nansha storage capacity to fuel oil traders.
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