Sri Lanka port invites investors Sri Lanka on Sunday said it would invite outside investors into its US$1.5 billion Hambantota port project, the keystone of a US$6 billion post-war infrastructure revitalisation drive.
Oil services firm OEG wins Seadrill deal LOCAL oil services firm OEG Asia-Pacific PTE and its United Kingdom-based sister company - OEG Offshore (OEG) - have clinched a US$600,000 contract with offshore deepwater drilling heavyweight Seadrill.
Supertanker glut climbs to a record The number of supertankers competing to haul 2 million-barrel cargoes of Middle East crude oil climbed to a record, Imarex ASA said.
Agility: US authorities to partially drop charges The United States Attorney's Office is apparently going to dismiss the indictment against Agility Defense & Government Services Holdings (Agility DGS Holdings), a subsidiary of...
Norbert Dentressangle: better results and new contract The French transport and logistics group Norbert Dentressangle closed the first half of 2010 with a 3.9% increase in sales, taking them to EUR 1.4 billion. The group's transport di...
Hellmann Healthcare Logistics with new packaging solution Hellmann Healthcare Logistics, the new vertical solution of the Germany-based forwarder and logistics company Hellmann Worldwide Logistics, has teamed up with temperature-controlle...
CMA CGM Group names new CFO The French shipping group CMA CGM has appointed Olivier Dubois as its chief financial officer. He replaces Jean-Yves Schapiro who is taking on new challenges outside the shipping i...
Charleston deepening scheme advances in US House A key US House committee recently agreed to speed up the studies of a harbour deepening scheme at the port of Charleston. The South Carolina State Ports Authority (SCSPA) would lik...
PD Ports welcomes JDR Cable Systems' expansion The British port operator PD Ports has welcomed the decision by a major supplier to the offshore energy sector to more than double its facility at Hartlepool dock (UK). JDR Cable S...
NOL wins IDC enterprise innovation award The NOL Group, a global container transport and logistics provider based in Singapore, recently won the IDC Asia Pacific's Enterprise Innovation award. The award recognizes Asia's ...
VLCC boat bomb suspected EXPLOSIVES inspectors are nearing consensus that a VLCC was damaged last week by a small boat blowing up near the hull, a US intelligence source told Fairplay today
Operators fined for polluting TWO SHIP operators have received fines totalling nearly $3M for pollution in the US
Spanish port hails new law SPAIN'S new port law is a "milestone" because it offers transhipment fee options that can result in cost cuts of up to 60%, AP Møller Maersk's Algeciras boss told Fairplay today
Cosco Corp sees 85% rise SINGAPORE-listed Cosco Corp has reportedly increased profits for the three months to 30 June by almost 85% year on year
Adani to import SA coal ADANI Enterprises reportedly plans to import 400,000 tonnes of coal this year from South Africa
Maersk reacts to fire with ban MAERSK Line told Fairplay today it has temporarily stopped accepting containers of calcium hypochlorite loaded from mainland China and Hong Kong
Saudi Arabia approves ransom OWNERS of a tanker seized by pirates in March have secured a ransom approval from the Saudi central bank for release of the ship and its 14-man crew, IHS Global Insight reported today
Pride seals $720m credit pact Louis Raspino-led drilling giant inks amended credit facility complete with $30m 'accordion'.
Cecon bondholders hit 'snooze' button Patrons grant eleventh grace period extension as Norwegian offshore outfit fights to stay afloat.
Seadrill seals $90m drill gig John Fredriksen-led offshore outfit inks 'Herculean' drilling deal while CEO calls rate 'competitive'.
Greek pleads guilty in US Transmar fined and chief engineer could face jail after 'magic pipe' case on New Fortune.
Seaboard springs roro run US liner giant elects roro pair to jump-start 'fastest' South American shipping service.
Navy defends M Star work Hull inspection of damaged MOL tanker handed to US Navy as "it has right equipment and expertise".
Seaman saved in Gulf of Aden Spanish warship's helicopter swoops to pick up crewman of German boxship in serious condition.
Lorient lands dredger deal STX Europe's French yard signs first newbuilding contract since 2008.
Saudi denies $20m ransom claim Owner of hijacked Al Nisr Al Saudi says ransom of under $2m agreed with pirates but awaits government approval.
BP keeps hold of VLCC pair Oil major's shipping wing renews contracts for two Independent Tankers' ships.
Keppel splashes out to up Subic stake Singapore-listed Keppel Corp pays out over $60m to raise its holding in Filipino shipyard and a property company.
Koreans eye Salalah terminal STX, Daewoo and Hyundai all said to be interested in bidding for new terminal at Omani port.
Rio digs up African funds Mining heavyweight Rio Tinto secures $170m for port and rail development at African iron ore project.
Beisland is new Uglands boss Bulker chief Oystein Beisland takes over from the retiring Hans Ivar Vigen as managing director of Uglands Rederi.
Atlantska erases red ink Croatian bulker owner powers to first half profit as revenues rise, costs fall.
Saudi ports increase volumes Cargo handling rises 7% in first half at Jeddah and Dammam.
Egyptian ship hijacked Owner Red Sea Navigation hit for a second time as multi-purpose vessel Suez taken in Gulf of Aden.
Cosco cautious after Q2 cruise Singapore-listed yard is not getting too excited about its future prospects despite a surge in second quarter profit.
Lisin keeps order close to home Russian tycoon's North-Western Shipping building 10 dry cargoships at its own Nevsky Shipyard.
Brazilian millions for Acergy Offshore shipowner clinches pipe-laying contract from Petrobras worth $220m.
VLCC supply at record high Derivatives broker Imarex says 93 tankers chasing Persian Gulf cargoes over next four weeks.
Neste's tankers earn more Finnish owner says crude rates jumped in second quarter as demand improved.
Mega-deal to spur Dof order Norwegian owner to pen AHTS brace at STX in Brazil after netting mammoth charter pact with Petrobras.
Offshore double for Daewoo South Korean yard nets $2.2bn worth of offshore orders to continue its recent good run.
Shaky start for WSF ferry New $77m ship gives US owner bad vibrations in sea trials.
Mining makes Mercator a mint Coal activities send numbers soaring at Indian owner in first quarter but tankers still hurting.
WIS wins in first quarter India's largest shiprepair yard turns around last year's losses as revenue soars.
BWO nets $150m from Batista Oslo-listed FPSO owner secures contract with Eike Batista's OSX Brasil.
IHI gets off to fast start Japanese shipbuilder's first quarter profit surges, but full-year forecast down on previous 12 months.
Matson in China growth Port of Long Beach set to see increased volumes as US liner operator adds second China US string.
Silja Line ferry hit by fire Crew react quickly to extinguish blaze that started on car deck off Finland.
German at fault for tragedy Rickmers heavy cargo ship held to be 70% at fault for Yellow Sea collision that killed 13 seafarers.
India in demo overdrive Frantic week of buying with Indian cash buyers taking seven ships, but TMT cape goes to Pakistan.
Costs clobber SSC in the first Ow Chio Kiat-led Singapore Shipping Corp has seen year-on-year profits slip by two-thirds.
DFDS re-brands the whole fleet Following the acquisition of Norfolkline the DFDS Group has decided to re-brand the whole fleet. All seaborne traffic will sail under the brand DFDS Seaways in the future. Subsidiary Read more
Maersk Line bans agent Maersk Line has issued a ban on the disinfection agent Calcium Hypochlorite after the dramatic fire on board the container carrier Charlotte M'rsk off the coast of Malaysia in July
Prices firm strongly in Rotterdam NYMEX gains more than $2 in early trading.
Markets start the week firm Tight barge schedules for prompt deliveries
Exclusive: Maersk gives details of Houston low-sulphur fuel switch initiative Expecting about 95% reduction in SOx emissions, will use Bunkerworld data to calculate cost of switch from regular bunker fuel to distillate.
Brightoil acquires two more tankers Vessels will support its bunkering and oil products trading operations.
Maersk says ship fire was in generator Container line says fire on vessel was in an auxiliary generator, not a lubricants container.
Bunker tanker ransom approved by Saudi Central bank Interior Ministry must still give permission for ransom to be paid.
New trader appointed at O.W. Bunker in South Korea Company aims to continue growth and expansion within Asia.
Prices generally up to start the week Plentiful bunker supply at all key Asian ports.
Hambantota bunker sector closed to outside investors Sri Lanka Ports Authority chairman says: 'We will handle oil bunkering. We don't want to give it outside.'
BP ex-staff contest search order Application against seizure of computers, mobile phones and data by oil major.
Price differential between Tokyo Bay and Singapore may narrow Japanese bunker suppliers trying to clear current stocks.
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