TUI's Hapag-Lloyd sale runs into choppy waters Germany's TUI is caught between a rock and a hard place as it tries to sell its Hapag-Lloyd shipping container unit as a sector downturn looms.
Approaching storm pushes up Caribbean tanker rates The cost to transport crude oil from the Caribbean on Aframax tankers rose 32 per cent amid speculation that the forecast entry of Tropical Storm Gustav into the Gulf of Mexico will delay shipping.
Containers push NZ Tauranga port's profit up 7% Port of Tauranga, New Zealand's biggest export port, said full-year profit rose 7 per cent amid increased container handling and log exports.
New pact throws off Hong Kong LNG terminal plan THE terminal may not be needed as the HK and China have inked a deal to continue gas supplies from the South China Sea.
Soko Islands cleared as location for gas terminal
HHIC bags two more capesize bulker deals ORDER from Germany's MPC is valued at $198m and the pair will be delivered by February 2011.
Harris retires as Clarkson's unveils shuffle Tim HarrisTIM HARRIS has retired as chairman of Clarkson's, London's listed shipbroking giant, after settlements of its disputes with Sovcomflot and Novoship cost the company £21M ($38M)
Punta Colonet bids starting BIDDING is finally beginning today on a proposed $4Bn box port at Punta Colonet on Mexico's Baja Peninsula
Turkish yard reopened after fixes RMK'S shipyard in Istanbul's Tuzla Bay has reopened after a three-day suspension, during which Turkey's labour ministry inspectors ordered yard workers to "fix its deficiencies"
Croatia to sell its six shipyards CROATIA has announced that its six government-owned shipyards will be sold before 2009
China Shipping sells ageing vessels CHINA Shipping Lines has announced a drawdown of its inventory of ageing vessels to 'buffer' it against rising operational costs
Federal Maritime Commission reviewing US-Aus.-Oceania discussion agreements Commission's Section 15 probe looking at how liners' business activity has affected competition, rates and service.
LA port: 4,000 trucks commit to concessions program
US importer seeks damages from Chinese NVO
IANA backs trucks suit
Baltimore gets export call
New box ship for Fesco
Houston moves on Bayport cranes, terminal site study
Va. county fights Norfolk Southern intermodal site
Maersk offer to acquire Broström Through its Swedish subsidiary, Maersk Product Tankers, A.P. Møller-Mærsk has announced a cash offer for all shares in the Stockholm-listed Swedish product tanker owner and operator Broström. The owners of all A shares have agreed to sell all ...
DFDS to lengthen three ro-ro vessels DFDS has signed a contract with MWB Motorenwerke Bremerhaven AG to lengthen the ro-ro vessels Tor Begonia, Tor Freesia and Tor Ficaria 30 metres. The conversions will take place in 2009 and will increase DFDS's North Sea freight capacity ...
Wärtsilä's acquisition of Vik-Sandvik closed Wärtsilä has taken over the ship design group Vik-Sandvik. The acquisition consists mainly of Vik-Sandvik's Norwegian companies Vik-Sandvik AS, Vik-Sandvik Marine Services AS and Skipkonsulent AS. The deal was closed after Wärtsilä received the relevant regulatory ...
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