Hyundai Heavy in talks to buy CJ finance units Hyundai Heavy Industries Co, South Korea's third-biggest company by market value, is in talks to acquire holdings in two units of the CJ Group to manage assets and offer ship financing.
Imarex Q1 profit up 16% on strong freight market Norwegian shipping and energy bourse Imarex posted a 16 per cent rise in first-quarter core profit on a strong freight market and yesterday said that it was on the lookout for more acquisitions.
STX gets 259b won order for 2 ships STX Shipbuilding Co, owner of Europe's largest yard, said it has received a 258.6 billion won (S$342 million) contract from Europe to build two very large ore carriers as commodity transportation rates climb to a record.
KL, S'pore, Jakarta start joint plan to protect straits
Odense to restructure to survive ODENSE Steel Shipyard, which is part of the Copenhagen-based shipping giant AP M'ller-Maersk (APM), will have to restructure its operations amidst continued heavy losses, but its chairman says the aim of the measures is to ensure the yard's continued existence.
DFDS axes routes after losses mount MOUNTING losses from cruise ferry operations have forced DFDS to close its three remaining services and put the affected vessel up for sale or charter
Iran/S. African discuss cooperation A SECOND meeting of the Iran-South Africa Joint Commission on Promoting Ports & Maritime Cooperation has been held in Tehran this week according to an IRNA report
MarAd survey points to worker shortage "THERE are plenty of job openings in the US maritime industry for qualified people," A MarAd survey states
Agri-workers walk out again AFTER a week-long impasse, the leaders of Argentina's four major agricultural organisations went out on strike again today
Double hull premium rises THE spot rate premium obtained by double-hull tankers continues to increase, possibly due to the 'Hebei Spirit effect', according to McQuilling Services.
Westbound trans-Pacific carriers step up efforts to win floating fuel surcharges Westbound traffic must "pay its own way" amid flat trade and rising fuel and inland transportation costs, liners say.
DP World hopes to get into U.S. terminals business
New industry forms around green port technology
DHL shrinking U.S. network in deal with UPS
APL boxes up 14%
TWIC signs up 309,000+
UPS: DHL pact worth $1B
Maersk upgrades S. Amer. loops
Export ABCs: Passive payment terms
Tacoma opens review for terminal expansion project
Ålandsfärjan is sold Viking Line's Swedish subsidiary Viking Rederi AB has signed an agreement with G.A.P Shipping Co Ltd, Barbados, about selling the Ålandsfärjan for EUR 2.6 million. The 1972-built ferry will be handed over in mid-June 2008. On May ...
DFDS closes Bergen-England service DFDS Seaways has taken decision to close its service between Bergen-Haugesund-Stavanger and North Shields in England. The route has generates a substantial loss and a change of vessel has not resulted in any change on the financial side ...
Odense need to cut down costs again Odense Steel Shipyard will go through another plan to make the shipyard more efficient. After another huge loss in 2007 the shipyard management will again cut down on manpower and go through all processes in the production in order to ...
Government decision 'will paralyse Russian bunker market' Suppliers say end-of-year ban on single hull tankers puts market in impossible situation.
Bunker market report from Praxis
UK: Rocking for emission limits Politicians to perform at climate change concert calling to include aviation and shipping emissions in new bill.
Rotterdam bunker market dips
State refiner moves to help fishing fleets But bunker players warn that move to help fishing fleets could push up MGO prices for international traffic.
June launch for Adani's new barge The Indian supplier says rough seas mean launch date has been pushed back.
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