Port Klang Free Zone secures 4 new investors Port Klang Free Zone Sdn Bhd (PKFZSB), the manager and marketer of the RM4.6 billion (S$2 billion) free zone in Pulau Indah, Selangor, has secured four new investors, bringing the total confirmed investment since its inception in November 2006 to RM734 million, says a report in Malaysia's Business Times.
Hyundai Heavy gets 1.28t won order for ships Hyundai Heavy Industries Co, the world's largest shipbuilder, received a 1.28 trillion won (S$1.92 billion) order from Europe for eight large-sized container vessels, its biggest contract in more than a year.
M'sian shipbuilder eyes RM500m worth of deals NGV Tech Sdn Bhd, a low-profile shipbuilder, is in the final stages of negotiating contracts worth RM500 million (S$218.7 million), Malaysia's Business Times reported quoting its managing director.
NOL eyeing M&As, stays mum on Hapag-Lloyd CHIEF executive says NOL is prepared to take an active role in the shipping industry consolidation.
Devil in the detail as NOL-Hapag merger talks reach stalemate
Upbeat NOL reports 44% jump in profits APL'S parent reports a net profit of $523m and revenues totalling $8.1bn.
Ukraine clears the way for economic success UKRAINE'S impending entry into the WTO will present its shipping and port concerns with the chance to shine.
Manual labour IT MIGHT focus people's minds if a port state inspector detained a ship because its manuals were incomprehensible to its crew.
NCL chops US-flag service Norwegian Cruise Line (NCL) will pull a second ship from its embattled US-flag Hawaii business, leaving just one remaining vessel
Hanjin orders eight box giants HYUNDAI Heavy Industries in South Korea has reported to the Korea Stock Exchange that it has won an order for eight 13,100teu container ships
Genoa's new boss loses patience THE new president of Genoa Port Authority is demanding compensation and threatening to sue over delays at the Voltri terminal
Gozo ferries triple profits GOZO Channel Co has announced a record 182% rise in profits, despite carrying only seven per cent more passengers and eight per cent more vehicles
TACA lines hold fuel, currency fees No increase in bunker fuel or currency charges by trans-Atlantic lines for traffic moving to and from U.S. East Coast, Gulf ports.
Battle for Broadwater Shell and TransCanada plan an offshore LNG terminal in the waters between New York and Connecticut, but the idea doesn't float with some around Long Island.
Fund gets gassed Boston asset manager reports a 10.4% share of Harry Vafias-controlled LPG player Stealthgas.
US buyer takes tweens Unnamed US shipowner buys up trio of 22,400-dwt tweendeckers for $87m.
Bank reveals Arlington stake Bank of America reports a more than 10% stake in US-based Arlington Tankers.
General Maritime inks two US tanker owner reportedly orders a pair of aframaxes at South Korea's Samsung Heavy Industries.
Multiple detainee sold A general cargoship with a history of detentions has been sold to Turkish interests for $10m.
US Shipping sees volatility US tanker owner's stocks decline after the company says the ITB fleet will see increased volatility in 2008.
More geld for Gard Norwegian insurance group adds another $66m to reserves through the first nine months.
Navios Partners exercises Executives for the Navios Maritime Holdings spin-off say the company will exercise a purchase option to buy the chartered-in capesize Fantastiks.
Ex-transport minister arrested Officials in the Ukraine say former transport minister Nikolai Rudkovsky has been officially detained despite kidnap claims from his press secretary.
Lisin takes port reigns Russian steel magnate snaps up a 97.1% holding in the Port of St Petersburg for an undisclosed fee.
Loans bite USSP New York-listed owner sees full-year profits fall and fourth-quarter losses widen as interest payments take their toll
Spain enflamed Andalucian regional government to seek civil action against owner and insurer of New Flame over possible spills.
Herning tanker grounds Hanne Theresa reported to have got into difficulty off Russian island of Vysotsk, but no pollution or injuries.
Two more attacks in Nigeria One rating killed as gunmen target NLNG and Total vessels around Bonny.
Carnival chief cashes in Micky Arison nets 33% increase in income during 2007 despite his basic salary staying the same.
ESL bulker docked for repairs Finnish-owned vessel damaged after touching bottom off southern Norway.
Star helps Tallink shine New vessel on the shuttle service between Finland and Estonia helps Baltic ferry giant offset the departure of the Sky Wind (built 1986).
Navios spin-off banks profit NYSE newcomer Navios Maritime Partners makes $1.6m in last 46 days of 2007.
Worker dies in fall at US port Twenty three-year-old Mexican dock worker killed after falling into hold of vessel in New Orleans.
OPEC eyes euro switch Organisation may dump the struggling dollar due to growing pressure from members, secretary general warns.
New Flame finally snuffed Greek-operated bulk-carrier which was partially submerged off Gibraltar since August said to have all but sunk.
Marine Capital lures UK investors Eclipse Shipping becomes country's first shipping investment vehicle, seeking 25% returns.
HHI seals huge boxship order Korean yard wins deal for eight massive vessels from MPC of Germany, its biggest contract for a year.
SCI ready to outsource Indian state owner offering 30 ships for management as crew shortage bites.
SCI wants bigger bulkers State-owned Indian line will splash $500m on bulk carriers to cash in on home-fueled dry-bulk boom.
Five-year plan for Chernomorsky Ukrainian shipyard aims to turn out 48 ships, plus boxship hulls, worth $1.4bn to 2013.
C&HI wins bulker order Unidentified Asian player signs for a quartet of bulk-carriers at South Korean yard.
Prepare for boarding Commuters left to scramble on to replacement ship after latest Sydney Ferries breakdown.
Greek owner held in drugs bust Athens businessman and nine crew held after 3.5 tonnes of cocaine found on cargoship off Africa.
Hanjin wins Algeciras deal Korean containership operator finally confirms that it has won the race to operate Spanish terminal.
Maersk Line change from USD to EUR Maersk Line has for the first time decided to change from USD to EUR in currency for transport of containers in the network. As from April 1, 2008, EUR will be the official currency for containers on the Europe ' Oceania ...
Successful fight of fire on ro-ro vessel Dutch and Croatian firefighters were during the weekend able to board the Turkish ro-ro vessel Und Adriyatik that caught fire on Wednesday off the Croatian coast on a voyage between Istanbul and Trieste. The fire has been extinguished and ...
Tons of cocaine in drug bust on cargo vessel After a multi-national police and coast guard co-operation by authorities in Greece, France, UK, USA and the European police agency Europol, French police could board the Panama-flagged coaster Junior some 150 nautical miles off Conakry in Guinea ...
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