Russian billionaire doubles TUI stake TUI AG, the German tour operator planning to shed its Hapag-Lloyd shipping line, said investor Alexei Mordashov doubled his stake to 10 per cent as the Russian billionaire supports the company's focus on travel.
Caribbean tanker rates fall on low US demand Rates to transport crude oil from the Caribbean on Aframax tankers fell 14 per cent amid lower-than-normal demand from US refineries and a dearth of cargoes from the Middle East.
Apollo files for IPO APOLLO Global Management has lined up an initial public offering of potentially $417.5m.
Apollo is 'voting with its wallet', says Veitch
Rickmers Maritime gets financing for newbuilding plan SHIPOWNER secures $627m of debt for $1.3bn of newbuildings amidst global credit crunch.
Timing crucial in Hapag-Lloyd sale PRICE could be double amount Maersk paid for P&O Nedlloyd if sale is timed well and catches the peak of shipping cycle.
The great British ports equity experiment BRITISH ports have witnessed various ownership structures, including infrastructure funds. So which structure is best?
Light at the end of it AFTER a long dark journey, the Eurotunnel has finally given shareholders something to celebrate.
Yards endorse Posco price hike KOREAN shipbuilders have expressed relief at Posco's latest steel plate price rise being in line with expectations.
Wins and losses for Cosco yard SHARES in Cosco Corp, the Singapore-based shipbuilder and repairer fell 15% today following news that the Chinese shipbuilder and shipowner had lost a large rig contract
Dolphin's new shipyard for Gujurat DOLPHIN Offshore has got the green light to set up a shipyard at Jafrabad in Gujarat
Argentina clears beef exports BEEF exports are set to resume after Argentine Customs cleared around 60 containers detained at several BA terminals
Thoresen raises equity holdings THORESEN Shipping Singapore (TSS), a wholly owned subsidiary of Thoresen Thai Agencies (TTA) has increased its share capital in TTA
New minister to probe Klang scandal MALAYSIA'S new Transport Minister is pledging to re-open the PKFZ issue once investigations into the scandal are completed.
Grand Alliance starts European service Hapag-Lloyd, NYK Line, OOCL and and MISC Berhad to launch weekly EU5 service connecting Asia and Europe later this month.
Equity firm invests in Intermarine
House delays Colombia pact, drops 'fast-track' rule
U.S. trade gap widens despite rising exports
NIT League names Marad's Carlton as new chief
NY-NJ Express Rail passes 3 million containers
U.S. business pushes for transportation investment
China can deliver After visit to the country, a Lazard Capital Markets analyst expresses confidence in the orderbook at China's emerging shipyards.
Tanker crewman dies Man falls overboard from an Interorient Navigation chemical tanker at Felixstowe, England.
Is that a tank ship? In response to the Cosco Busan, California legislators are considering a package of bills that include redefining some nontank vessels as 'tank ships'.
DVB Bank unveils capital push German shipping bank prepares a $237m stock issue and a move to form a Europe-wide entity.
Class societies in LNG link ABS and the Russian Maritime Register of Shipping shake hands to develop joint rules for Arctic LNG carriers.
Siem readies $6m takeover Norwegian shipowner buys the right to take majority stake in Stavanger-based WellCem
Rina races ahead Italian class society sees full-year profits rise by 25%, with the cost of the Erika ruling yet to appear on its books.
ThyssenKrupp in yard sale German giant hives off loss-making Nobiskrug facility as subsidiary restructures.
Potomac pulls out New York investment firm that once held 10% of Rand Logistics reports that it has no shares in the Great Lakes owner.
IHI shy Troubled Japanese yard group sees annual net profit fail to match expectations but still makes it into the black.
Cosco talks tough on deposits Share-price slump of over 15% amid pledge from yard group president that there will be no repeat of Red Flag order cancellation.
Mercator follows Essar's lead Indian owner planning $1bn bulker and dredger spree in response to similar pledge from rival.
EU pair eye Croatian yards Two European shipbuilders looking to buy loss-making Croatian rivals as Balkans state aims to cut subsidies.
Cancellation hurts Cosco Singapore-listed shipbuilder sees stock suffer biggest fall in seven years after pulling plug on $200m project.
India to pump $16bn into ports Shipping secretary will use cash to double capacity by 2012 with inland waterways also in for a treat.
Smit inks Pakistan contract Dutch salvage and towage group wins deal from Port Qasim Authorities for work at LNG terminal.
Thoresen shuffles the pack Thai owner lifts share capital in Singapore unit to cover cost of newbuilding quartet.
Napoli work to start today Salvors are set to begin work to remove the final stern section of the former Zodiac containership.
Schoug becomes first RCL vice president for newbuildings Christer Schoug has been appointed by Royal Caribbean Cruises as vice president of newbuildings. Schoug is currently managing director of Stena Ro-Ro and deputy managing director of Stena Rederi. The vp of newbuildings is a new post in the ...
Lack of attention from all parties caused the grounding The grounding of the crude oil tanker Minerva Concert in the Hatter Barn Channel on May 14 2007 was caused by lack of attention by the pilot, the captain, the second officer on duty and by the lack of communication ...
Removal of final stern section of MSC Napoli started On 10 April the removal of the final stern section of the MSC Napoli started. Clean-up contractors will be in place throughout the five month removal operation. Once the the stern section is removed, full underwater surveys of the ...
One in five samples below 1.5% sulphur Global average bunker fuel sulphur content skewed by disproportionate number of low sulphur samples.
Rotterdam market firming
US bunker spill driving legislative changes Californian legislators want swifter response to oil spills following Cosco Busan clean up problems.
Prompt Venezuelan cargo 'not what Singapore needs'
Singapore: Onshore fuel oil and distillate stocks fall
'Bunker levy' wins support Proposal to go through to next round of IMO discussions on greenhouse gases.
Shortage of 180 cst product at Indian ports Supply disrupted by refinery shutdown.
Hong Kong shipowners 'pleased' with IMO proposals HK shipowners welcome IMO's proposals, but raise concern over 2020 target date for global 0.5% sulphur cap.
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