Goldman downgrades China Cosco China Cosco Holdings Co, the world's largest operator of iron-ore and coal ships, and STX Pan Ocean Co were downgraded by Goldman Sachs Group Inc on concerns that rates will fall as more vessels enter service.
DP World to invest A$250m in Brisbane port Dubai Ports (DP) World of the United Arab Emirates (UAE), one of the world's largest marine terminal operators, announced on Saturday it is looking at investing A$250 million (S$325 million) in the Port of Brisbane, Australia in response to market demand.
TNT Q2 profits fall 16% on slowing economy TNT NV, Europe's No 2 express-delivery company, said second-quarter profit fell 16 per cent as slowing economies and high fuel prices prompted customers to switch to cheaper delivery options and the strong euro hurt earnings.
Red Sea ferry owner acquitted THE OWNER of ferry operator El Salam Maritime Transport, Mamdouh Ismail, has been found not guilty of manslaughter by an Egyptian criminal court
Scots ferry face-lift urged A SCOTTISH economic think tank has urged a '200M ($397M) face-lift for the country's ferry services and terminals in the next decade
US driving cuts hit gas imports AMERICANS are reacting to higher gasoline prices by driving far less ' a trend that is cutting down tanker imports
ILWU, PMA close to reaching new pact Union, employers are close to reaching agreement on a new waterfront contract at West Coast ports, says ILWU spokesman.
UPDATED: ILWU, PMA reach agreement on contract
TSA hikes inland charges
Rail industry gears up lobbying for infrastructure
Krystallon welcomes US MARPOL ratification Says it opens the door for scrubbing technology in future US emission control areas.
Californian rules a setback for abatement technology No room for alternative emission reduction methods that would be allowed under international regulations.
Strong dry bulk rates boost NYK and MOL Japan's two largest shipping lines report strong quarterly results, despite the rise in bunker prices.
Asian bunker demand 'to stay strong' Analysts say fuel oil market being squeezed by growing demand and threats to supply.
New Projects & Operations Manager named at Jiskoot
Possible cause found for 'catastrophic corrosion' Viswa Lab has investigated several cases of unexplained fuel pump damage on vessels bunkering in one single port.
New spill in San Francisco Bay Boom placed around tanker as 'precautionary measure'.
Singapore bunkers begin week firm Bunker prices in Hong Kong and Busan also climbing.
Rotterdam market stable
Titan shipyard doubles building capacity Operation of second slipway increases production efficiently at the Chinese yard.
Indian liner offsets bunker costs Net profit up on higher freight rates and vessel utilisation.
Delay in Philippine salvage works Removal of bunkers and pesticide from sunken ferry may be delayed for up to five weeks.
Malaysia to investigate freight rates Shipowner Association warns against seeing ocean-shipping costs in isolation following claims of overcharging.
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