Tianjin Port may miss 2009 growth target Tianjin Port (Group) Co, the operator of northern China's busiest harbour, may miss its growth target next year as a global economic slowdown damps demand for Chinese-made goods overseas. 'The first half of next year is going to be the most difficult period,' chairman Yu Rumin said in a Sept 27 interview. 'Container traffic related to exports will be hurt the most.'
Credit crunch a threat to shipping players The credit crunch is sucking liquidity out of global trade and the shipping business, leaving cargoes stranded on docks and threatening to bring down shipyards and ship owners alike, the top executive of Excel Maritime Carriers Ltd said last Friday.
Exxon to invite bids for supply of PNG LNG tankers Exxon Mobil Corp, operator of a planned US$11 billion liquefied natural gas project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply of tankers to transport the fuel.
US market meltdown AMERICA'S stock market suffered a historic plunge Monday after the US House of Representatives failed to pass the bailout package, with the Dow dropping a record 777 points
Tigers blamed for port bomb TWO PEOPLE were wounded by a small bomb that exploded today in the Sri Lankan capital Colombo, yards away from one of the gates to Colombo port
Did hijackers have inside help? A MYSTERY grew today as to whether pirates who hijacked a Ukrainian ro-ro last week might have had prior knowledge about the ship's cargo of battle tanks ' and help in seizing the vessel
Car importers fear weak real BRAZIL'S car importers are worried that the weakening real could cause a fall-off in the booming sector
Eight missing in Black Sea EIGHT seafarers were feared drowned today following the sinking of the North Korea-flagged Ukrainian general cargo ship Tolstoy in the Black Sea off Bulgaria
NOL confirms bid for Hapag-Lloyd Singapore's Neptune Orient Lines confirms it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business.
Second bill proposes national container fee
Brazil warns on Doha delays
Senate passes Marad funding authorization
APM appoints Mitchell
Marseilles boxes fall
JAL drops NY freighters
Konecranes gets order for Surabaya terminal
India, EU see trade pact
Martinair increases capacity from Bogota and Quito
German bid for Hapag-Lloyd A German consortia has filed a binding offer for the world's fifth largest liner operator Hapag-Lloyd. The consortia is led by M.M Warburg, but no financial details have been released. Other investors are the city of Hamburg, HSH Nordbank ...
Pirates demand USD 20 million in ransom for ro-ro The Ukrainian Belize-flagged ro-ro vessel Faina (ex Vallmo, built in 1978 at L'd'se for the OT Group) carrying 33 Soviet built T-72 tanks, other weapons and spare parts for armoured vehicles was hijacked on Thursday. Now the ...
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