Lawyers strike it rich handling shipping trade's IPO launches While some corporate law practices suffer, firms such as Morgan, Lewis & Bockius and Cravath Swaine & Moore have found a safe harbour: the shipping industry. Ship owners now pay securities lawyers US$500,000 to US$1 million or more to handle initial public offerings in the US.
Cosco submits highest bid for Piraeus tender Greece's largest port authority said on Tuesday that China's Cosco Pacific Ltd has submitted the highest bid to manage two of its container wharfs, offering a total of 4.93 billion euros (S$10.39 billion).
Daewoo gets US$2.5b of orders in 2 weeks Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said it has received US$2.5 billion of orders in the past two weeks to build 10 vessels that can carry oil and commodities and drill for crude.
Brussels turns up heat on CO2 emission talks HEAD of environment ministry says EU is fed up of waiting for drawn-out efforts to come up with a solution.
Loading delays push capesizes to new highs CONGESTION at Brazilian and Chinese iron ore ports push rates to record levels.
Admitted terrorist targeted ports US AND European ports and other freight handling facilities are thought to have been targets for an admitted terrorist, who pleaded guilty yesterday in federal court to conspiring to use weapons of mass destruction against targets in the two continents.
Fairplay at Posidonia FAIRPLAY 24 is providing coverage of Posidonia 2008 this week
Bonyad Shipping to list in Tehran BONYAD Shipping Company of Iran has revealed to Fairplay that it intends to seek a listing on the Tehran Stock Exchange
NITC studies oil-swap trade A PLAN to engage in a pan-Caspian oil-swap trade is being studied by the National Iranian Tanker Company (NITC), Fairplay was told by company director Jamal Mayahi
Canadian Navy stops pirate attack A HELICOPTER launched from a Canadian warship repelled a group of pirates as they were attacking a merchant vessel 65n-miles off Somalia yesterday
Import drop prompts job cuts at Oakland DESPITE increases in exports, a continued economy-driven drop in West Coast imports has led the port of Oakland to cut about 10% of its workers.
EU court of justice over rule Intertanko The Court of Justice of the European Communities has ruled the UK, and all other EU members, can have their own rules on penalties for ship source pollution. Intertanko, and others, brought an action before the High Court of Justice ...
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