DP World updates US$5b bond prospectus Dubai-based global ports operator DP World, a unit of conglomerate Dubai World, filed an updated prospectus for a US$5 billion bond programme, raising the possibility of an issue in the near future.
S'pore-flagged Golden Blessing rescued A Singapore-flagged cargo ship with 19 Chinese crew that was hijacked in June by pirates off the coast of Somalia has been rescued, the Chinese transport ministry said on Saturday.
Swiss Rhine ports handle about 4.75 million t in first nine months The Swiss Rhine ports handled 4.74 million t of goods in the first nine months of the current year (January-September 2009: 5.04 million.) This equates to a tonnage decrease of 5.9...
ICTSI: 9-month income up 97% to USD 73 million Philippines-based International Container Terminal Services (ICTSI) recently reported consolidated unaudited financial results for the nine months ending 30 September. The company'...
UMA scoops double accolade at FPCCI Awards Sohail Shams, CEO of United Marine Agencies (UMA), scored a double success at the 34th Federation of Pakistan Chamber of Commerce & Industry (FPCCI) Export Trophy Awards. He wa...
ICTSI names new CEO for Georgia unit Philippines-based International Container Terminal Services (ICTSI) has appointed Jan Nowak as chief executive and general manager of the Batumi International Container Termin...
Construction of Maasvlakte 2 running like clockwork The port of Rotterdam (Netherlands) has reported that since construction work started on the new port area called the Maasvlakte 2 two years ago, some 170 million cbm of sand has b...
Panalpina II: in the red despite higher turnover Panalpina, a global transport and logistics corporation based in Basel (Switzerland), has been forced to ink red figures because of its legal problems in the USA. The company poste...
Agility and Linfox form alliance to target resources projects in Australia Agility and Linfox Logistics have formed an alliance to focus on providing logistics solutions to major oil, gas and mining projects, primarily in remote areas of Australia. The tw...
GLS raises profile in Portugal The GLS Group, a pan-European parcel service provider, acquired the remaining 49% stake in GLS Portugal Lda, with effect from 1 November 2010. This means that GLS Portugal, which b...
FedEx Express to acquire AFL and Unifreight in India The US service provider FedEx Express is acquiring the logistics, distribution and express businesses of AFL and its affiliate, Unifreight India. This acquisition will strengthen F...
Lloyd's Register sails to Hellenic Register's rescue Class giant inks deal aimed at rehabilitating internal standards and procedures at ailing Greek society
Hellenic Register renewal application dropped
Hellenic Register certification to expire in February
Hellenic Register left in limbo
Scorpio seeks $50m from follow-on issue Wants to build cash reserves to pursue opportunistic ship buys
Scorpio inks options for two LR1 tankers
West Africa suezmaxesboosted by fixture surge After another topsy-turvy week in the spot market, a late surge in activity sees...
Market searches for fourth-quarter boost
Spot market fall could cut advantage of Vale VLOCs Soft charter rates would reduce cost benefit
Teekay loses $186M in 3Q TEEKAY Corp has reported losses of $186M for the third quarter after it was hit again by derivative losses
Paranagua box boost planned BRAZILIAN port operator TCP has announced plans to spend 141M reais ($84M) on boosting its box volumes by 43% over the next two years
Transocean fined over bribes OFFSHORE rig operator Transocean Inc has agreed to pay a multimillion-dollar fine over a Nigerian bribery scam
Seafarer demand rises DEMAND for seafarers has increased over the year according to recruitment consultants Spinnaker
Croatia tries new yard tender CROATIA'S government has launched a third tender for a 99.54% stake in the northern Adriatic Kraljevica shipyard after the previous two sales attempts failed to attract buyers
Chinese lenders seek local angle CHINESE banks are keen to lend money to shipping companies, but only if there are benefits for China, an Amsterdam conference has heard
Vietnam plans Cam Ranh revamp A FORMER US naval base at Cam Ranh in Vietnam is reportedly set to be converted into a port for both commercial and naval vessels
Is the ubiquitous container the perfect foil for arms dealers and terrorists? CMA CGM proclaimed itself the 'victim of a false cargo declaration' this week after learning that it had innocently played its part in shipping 13 containers of arms and ammunition from Bandar Abbas, Iran to Lagos, Nigeria.
Container derivatives market builds momentum with new entrant
French strike action reduced
IAL boosts capacity in Intra-Asia market - amid warnings of over tonnage
Bulker and yacht collide off S Africa Three boat crew safe after losing their mast in incident involving Sanko Spring.
New5 in Numb3rs Hyundai Mipo is winning the race for Stena Bulk mega-order while Mitsubishi nets VLCC brace from MOL.
DSR sells out of Scandlines German shipping company pulls out of owning consortium, leaving 3i and Allianz as joint shareholders.
Turmoil draws Attica share issue Greek ferry owner is looking to raise $35m to repair its balance sheet following financial difficulties in its homeland.
Teekay LNG hit by financials NYSE-listed gas carrier and tanker owner sees nine-month profit fall as forex losses mount.
Sado frowns on fourth quarter Japanese ferry owner drops full-year forecast amid fears of a return to the red in the final three months.
Teekay Tankers opts to take two Crude vessel subsidiary accepts parent Teekay Corp's offer of aframax and suezmax for $107.5m.
First half cheer for Kyoei Tanker Japanese owner logs much better profit despite only a small increase in revenue.
OSV fined for oil dumping Chouest-managed research vessel lands $1.75m penalty in US after crew bypassed oily water separator.
Sanoyas returns to profit in 1H Japanese shipbuilder well ahead of last year at half-way mark, but will not match full-year figure.
NCL ups its bond offering Miami-based cruise line adds another $50m to $200m notes sale as it rejigs debt.
K Line adds Hawaii stop Japanese operator's Asia-west coast South America service to start calling at Honolulu from December.
Jaya in lukewarm start Singapore offshore shipbuilder and vessel operator sees first quarter profits largely unchanged.
Vietnam port seals funds A joint venture container port between Vinalines and SSA Marine has won backing to the tune of $100m.
Teekay Corp tanks in third US-listed tanker player sinks deeper into the red due to bigger derivative instrument losses.
Navipac seeks expansion in portfolio capabilites Bunker supplier expands services outside marine market with joint venture.
Bunker markets close with firming trends Crude oil futures hit two-year high as employment in US rises.
UNFCCC report focuses on taxing bunker fuel Revenues generated from taxes on international shipping put forward as a way to generate revenues for financing mitigation in developing countries.
Marinoil expands within Mexican market Bunker supplier now offering fuel in port of Coatzacoalcos, Mexico.
Double digit price gains in Durban Fujairah MGO prices go against firming trend.
Bunker prices strengthens as crude hits 2-year high Double digit gains in south European bunker hubs.
Lower ECA sulphur limit causing fuel quality changes DNVPS data confirms overall increase in cat fines for LSFO, with some of the biggest ports seeing the most marked quality issues.
Teekay realises fuel savings Over 25% savings seen on fuel consumed for cargo heating.
'Next generation' bulk carrier cuts emissions New design promises 30% CO2 reduction, MES 'will proceed with developments' to meet SOx and NOx emission controls.
TWI maintains disconnect between price and quality Latest Viswa Lab's calculations suggests over $100 difference in value between 'best' and 'worst' quality fuel.
Bunker prices gain as week closes Lacklustre demand at Asia's main bunkering hubs, traders say.
ExxonMobil sells high viscosity fuel cargo to Glencore Traders expect cargo to go to Glencore's subsidiary Chemoil in Fujairah.
Titan to open oil storage facility by year-end Following the completion of phase three of the Nansha terminal project.
Statoil Fuel & Retail sees 6.5% increase in Q3 profit Company 'still on track' with business strategy, says company CEO.
Chemoil sees new staff additions New additions as well as advancement of key personnel at its offices in Asia, Europe and the US.
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