Ramunia accepts MISC's RM3.2b reverse takeover Ramunia Holdings Bhd has accepted MISC Bhd's reverse takeover offer worth RM3.2 billion (S$1.4 billion) through the issuance of 1.4 billion new shares valued at RM1 each and 3.6 billion 3.7 per cent new irredeemable convertible preference shares, The StarBiz reported.
GS Caltex to ban single-hull tankers South Korea's GS Caltex, the country's second-largest refiner, will ban crude shipments to its refineries in single-hulled oil tankers from next year, jumping ahead of a government plan to ban these tankers by 2011.
Johor still upbeat on port plan Plans to develop Tanjung Langsat Port into a facility targeting the oil-and-gas (O&G) sector by 2012 are on track despite the expected slowdown in the global economy and the fall in crude oil price to under US$90 a barrel, says a report in The StarBiz.
Shipowners face steep rise in P&I premiums INTERNATIONAL Group unveils increases for all type of vessels to meet record losses and pay-outs.
P&I clubs braced for tough renewal season
Tanker FFAs soar as South Korea curbs single hulls TANKER freight derivatives jump after oil importers announce immediate cut back on number of single hull VLCCs they charter.
Italian port operators call for safety overhaul GOVERNMENT urged to introduce updated safety regulation following deaths at Porto Marghera.
Koreans pre-empt single-hull ban KOREAN oil firms plan to reduce the number of single hull tankers before a ban is introduced by January 1, 2011
Varun doubles profit, ready to buy VARUN Shipping Co today said it has earmarked around $400M as capital expenditure for the calendar year 2008
Euronav happy despite losses AN upturn in freight rates has brightened the prospects for Belgian tanker firm Euronav, following a bleak end to 2007
Funding paves way for NSW terminal CONSTRUCTION of a $872M coal export terminal in Newcastle can finally begin now that funding is completed
Greens target Buquebus terminal ARGENTINE coast guards are bracing for another onslaught at the Buquebus ferry terminal in BA, where last week they prevented activists from disrupting ferry sailings
Gadani breaker to buy toxic tanker? A MEMBER of Pakistan Ship Breakers Association is on the verge of buying a tanker claimed to be loaded with highly poisonous chemicals
ISC profits plunge International Shipholding Corp sees 87.1% fall in fourth-quarter earnings, but full-year profits improve.
Tanker rescues boaters Sonamar tanker plucks regatta participants from the water off southern Chile.
General Maritime soars New York-based tanker owner sees its stock heap on 11.5% after an analyst's upgrade.
Captains cash in on casualty Masters are illegally washing their ship's engines at sea and blaming any pollution on sunken Ice Prince, MCA says.
'Still for sale' Bear Stearns analyst says US-listed Quintana Maritime probably is still on the selling block, though for better terms.
TBS scores credit US tweendecker and bulker owner picks up a $75m credit facility from DVB Group Merchant Bank.
Bank upgrades tankers Analyst hikes rating on four of five tanker companies covered by Jefferies as stocks offer a discount.
Samsung under fire South Korean shipping minister, Kang Moo-hyun, slams shipbuilder for its failure to come up with a proper settlement following Hebei Spirit oil spill.
Paragon forecast reduced Analyst drops earnings forecast for Paragon Shipping after the bulker owner changes accounting scheme.
GS bars single skins South Korea's second largest refiner will begin a phasing out of single hull tankers immediately ahead of blanket ban next year.
West coast slowdown Stalling box traffic and economic gloom set the scene for talks on new US waterfront labour contract.
Daewoo double at Duqm South Korean giant wins contract to build new Oman shiprepair facility to be operated by Daewoo Shipbuilding & Marine Engineering.
Tanker futures jump Ban on single-hulled VLCCs by Korea's second largest oil refiner sends FFAs up 10%.
New routes for Superferry Aboitiz-owned ferry operator resumes some Philippines island services to meet demand growth
Solstad shelves NOR listing Norwegian offshore owner's plans to list subsidiary in Singapore hit by volatile financial markets.
Third quarter boost for Varun Indian tanker and LPG carrier owner sees profit soar in three months to end-December.
Viking goes Swedish Baltic ferry line snubs Finnish and Estonian flags for replacement of ship at centre of union row.
OOIL shows slick numbers Hong Kong boxship giant reports large annual revenue and volume increase on back of strong intra-Asian trade.
TUI merger meeting? German shipping and tourism giant's supervisory board reportedly considering group tie-up on Wednesday.
Essar confirms merger plan Ruia brothers want to fold drilling and port operations into tanker owning company.
Oslo shares bounce back Norwegian shipping stocks on the up following the cut in US interest rates.
Tailor turns shipowner Singapore's Bright Orient (Holdings) is giving up the world of high fashion in favour of bulkers.
Greek port strike extended Piraeus dock workers to walk out on 30 January as action over privatisation escalates.
Golden Ocean fixes Norwegian owner sets pair of kamsarmaxes on order in China up with five year time charters.
Golar buys again John Fredriksen company adds more shares to own account in ongoing buyback drive.
ZIM joins GA on ATX Israeli firm teams with Grand Alliance consortium on North Europe-North US Atlantic trade.
Gard sues government for NOK 172 million Gard sues the Norwegian government for NOK 172 million because the rock that the Jebsen bulk carrier Rocknes hit in Vatlestraumen south of Bergen on 19 January 2004 was not marked on the charts even though the Norwegian Hydrographic Services ...
Aker Kvaerner to change to Aker Solutions As the final step in the successful integration of Aker and Kvaerner, Aker Kvaerner ASA has proposed to change its name to Aker Solutions ASA. During 2007 a long-term and stable ownership structure was established for Aker Kvaerner, as ...
Golden Ocean fix two Kamsarmax newbuildings John Fredriksen-controlled Golden Ocean Group has fixed out two Kamsarmax newbuildings from Zhoushan Jinhaiwan Shipyard in China. The Company will take delivery of a total of 8 vessels of this size between September 2009 and March 2011 and the ...
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