TPG, Global offer A$2.9b for Asciano TPG Capital, the buyout arm of David Bonderman's TPG Inc, and Global Infrastructure Partners offered A$2.9 billion (S$3.7 billion) for Asciano Ltd, the Australian port and rail owner spun out of Toll Holdings Ltd last year.
Vale orders a dozen ore carriers for US$1.6b Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for US$1.6 billion, aiming to boost business with fast-growing Asian customers.
Korean shipbuilders' shares fall Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, fell the most in more than six months in Seoul trading, pacing declines in South Korean shipyards on concerns of more order cancellations.
US ports close as Edouard nears PILOTS at Houston, Freeport, Beaumont and Port Arthur have joined their counterparts at Galveston and Texas City in halting arrivals of inbound ships in anticipation of the arrival of Tropical Storm Edouard
Sovcomflot ship saves 13 A RUSSIAN Suezmax has saved 13 Indonesian cargo ship crewmen who were adrift after their vessel struck another in the Malacca Strait and sank
Fincantieri enters US yard sector ITALIAN builder Fincantieri is branching out into the US market through the acquisition of the Manitowoc Marine
Mississippi inquiry points to tug crew PRELIMINARY findings by the US Coast Guard are pointing toward a Mississippi River tug crew ' and away from tanker personnel ' in the accident that spilled 1,400 tonnes of fuel oil and closed the river for six days, delaying hundreds of vessels
Why Iran's yards lose contracts IRAN'S shipbuilding and repair yards are losing $2Bn worth of market share to foreign yards because they fail to deliver ships on time, according to the chairman of the Iranian Association of Marine Engineering
Malaysia port owner suspends shares THE OWNER of two key Malaysian ports has suspended trading of its shares
Korea plans oil storage facilities SOUTH Korea has unveiled plans to build facilities to store 28M barrels of oil midway along the country's southern coast
Evergreen backs off charter deal The 12,400-TEU vessels were to be deployed in the Asia-Europe trades, where demand has softened and rates have fallen.
Trailer Bridge loss shrinks
APL names Eng Aik Meng president
Texas ports brace for Eduardo
Mitsui invests in Australia port project
DOT extends Mexican truck program
NCBFAA tries again for NVO tariff exemption
C.H. Robinson acquires project forwarder
Hutchison-led group wins bid for Greek terminal
Brazil launches effort to revive trade talks
OceanGuaranteed adds Guanzhou, Canada to destinations
Bahamas battle Roddie Fleming of banking and Bond dynasty unveils plans for Grand Bahama Port Authority in takeover battle with Li Ka-shing's Hutchison Whampoa.
Loss shrinks John McCown-led Trailer Bridge cuts red ink from its bottom line despite operating income drop, but shares surge after a positive third-quarter view.
Sagamore hurt US-flag general cargoship is said to have suffered damage after losing propulsion in the Persian Gulf.
Vale buys big Mining giant pens $1.6bn VLOC order at Chinese yard.
Embiricos hits out Emissions trading schemes and bunker levy a threat to the environment and world trade, GSCC chairman says.
Chemical sisters Italy's Finbeta orders a pair of ice-classed units at Turkey's TVK to replace failed 2007 order in Spain.
No response US Coast Guard's initial findings of the Mississippi spill investigation shows a tug, without its captain on board, did not respond to call outs.
Fincantieri in US Italian shipbuilder and Lockheed Martin sign deal to buy up Manitowoc Marine Group and its trio of Great Lakes yards.
Packed wallet Increased dry-bulk rates and revenue days see Pac Basin double first-half revenues and profit.
BP pay row Oil giant causes a stir with 36% pay rise for Poles, 16% for Indians but only 7% for Brits in 'equalisation' drive.
Confined blast UK's chief accident investigator slams authorities' 'complacency' over confined-space accidents and mulls tougher port safety rules.
More please! Feeder operators in Sri Lanka are hiking rates to cover increases in fuel bills.
Cosco cooking With $7.4bn worth of orders on the boil Singapore-listed yard books 61% rise in quarterly profit.
Stella starts Finnish owner begins link from Helsinki to St Petersburg with veteran former Color Line ferry.
Greater Yarmouth Will £60m development at east UK port cure congestion and attract larger ships?
Delay delight Pac Basin chief Richard Hext sees positives in dry-bulk market from order delays and cancellations.
Sovcomflot saves Russian suezmax rescues 13 people from sunken Indonesian ferry in Malacca Strait, but up to three killed.
Farstad sells AHTS Karl Johan Bakken-led offshore owner to pocket $10m from sale of ageing vessel.
Manx mishap Passengers evacuated without injury as Steam Packet ferry hits dock in Isle of Man.
The $2bn yard China's Jiangsu Rongsheng pressing ahead with ambitious float in Hong Kong, possibly this year.
Strike warning Workers to stage one-hour protest over delays in wage talks with Estonian ferry player Tallink.
Siba splashes out Italian shipowner invests $250m in two new livestock carrier newbuildings in Croatia.
PSVs pick up Average rates increase 40% year-on-year as newer tonnage helps line owners' pockets.
Asciano in play Private equity firms target Australia's largest ports and rail group with unsolicited bid.
Tuzla death Another worker dies from injuries sustained at notorious Istanbul yard complex.
Licence to spend State-owned Indian player SCI finally wins financial independence through granting of "navratna" status.
Big three fall K-Line suffers its biggest reversal of the year as oil price rise and BDI fall hit Japanese lines hard.
Unstuck "No significant damage" to Italian chemical tanker which grounded off Flushing last week.
Dog takes ferry Courageous canine gets lost on day out, but crosses UK's River Tamar by boat to find his way home.
Q-Ship improves First-half profit slips but strong second quarter claws back lost ground at Qatari gasship and tanker owner.
Korean yards dive Order cancellations spook investors sending shares of shipbuilders down by up to 14%.
Nakilat cashes up Qatar Gas Transport Co has raised $1.5bn to help fund its 25 newbuildings in Korea.
Pacific Sun sails Battered P&O Cruises' vessel reported to have left Auckland after weather improves.
New boss at APL Former head of Aurora Tankers to take over as president of NOL liner operation.
Tankers: Slow Steaming 'more relevant' Falling rates and fuel costs putting pressure on tanker operators.
Global bunker market report
Warning on China after 'atrociously bad' fuel samples Alarm raised following two contamination cases in country where fuel quality has previously not been a concern.
Singapore bunker prices still climbing Market has recovered losses of the past two weeks.
Rotterdam market firm
South Korea to invest in fuel storage International tank terminal operators and crude oil traders 'ready to sign' initial contract.
Bad weather to disrupt Hong Kong bunkering Deliveries could be suspended for two days.
Bunker tanker spills oil after collision Nearly 2,000 litres of bunker oil spilled in South Korean waters.
Indian supplier warns of MGO shortages Product shortages at ports located in the Gulf of Kutch.
Chartering strategies can counter high bunker prices Placing a vessel on long-term charter protects owners from high bunker prices.
Union wants bunker supplier nationalised Sri Lanka's largest bunker supplier must become state-owned again, union says.
Feeders to hike bunker surcharge Sri Lankan operators facing high bunker fuel costs.
Conflicting reports on Iran's fuel oil exports One NIOC official says shipments will continue as usual, but another says exports temporarily halted.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
