India aims to triple port capacity India, Asia's third-biggest economy, plans to triple port capacity within a decade, as it tackles infrastructure deficiencies that threaten to dampen growth.
Azkar acquires ACL in Spain The Spanish transport and logistics provider Azkar has improved its portfolio by acquiring Cargo Aerospace Logistics (ACL), thus entering the ground handling market. ACL is in char...
Plimsoll and Europhia join executive search forces Plimsoll and Europhia Consulting have signed a strategic partnership deal for China, Singapore, Belgium, the Netherlands and Luxembourg. In this relationship the companies will coo...
Bosch T'rkiye extends collaboration with Ekol Lojistik The Turkish enterprise Ekol Lojistik has extended its cooperation agreement with Bosch T'rkiye by three years. The two partners have been collaborating on imports to Turkey for two...
Seanergy to buy Restis stakes SEANERGY confirmed today that it will fully acquire two companies it holds partial interests in ' Bulk Energy Transport and Maritime Capital Shipping
LA bans trucks, shippers suffer SHIPPERS will shoulder the burden of extra costs as Los Angeles port bars independent truckers from hauling boxes in and out of its terminals, Fairplay was told today
Pipavav IPO proves major success INDIA'S Pipavav Port's initial public offering was oversubscribed by around 20 times thanks to an overwhelming response
Watchdog fights piracy with owners ANTI-PIRACY watchdog ReCAAP today said it has signed an MoU with the Asian Shipowners Forum allowing it to forge ahead with its work combating piracy
Thailand's TTA plans M&As THAILAND'S dry bulk carrier Thoresen Thai Agencies confirmed to Fairplay today that it expects to complete one, maybe two, M&A deals this year
DCT Gdansk cements Asia ties DCT GDANSK, Poland's container terminal, has strengthened its ties with Asia with a new shipping connection
Maersk seeks new loan DENMARK'S AP Møller-Maersk is reportedly preparing a syndicated, five year multi-billion dollar refinancing loan
Pirate stung twice in US Somali swashbuckler charged in Clipper hijacking case moments after owning up to botched attack on US battleship.
Front dusts down its cheque book Consolidation king John Fredriksen looks to be back on the acquisition trail with Frontline.
Fruit trader hunts box players Mango madness puts CSAV and Hamburg Sud containerships in trader's crosshairs as fruit fracas lands in federal court.
Jensen: 'Contango will return' Demand for VLCC storage contracts is picking up, which will help a market in which it's best to let your crew go fishing right now, Frontline chief says.
Seanergy swelling fleet with buys Victor Restis-connected bulker owner paying $62m in cash and shares to take full control of two companies.
Blount in Casco Bay replay US yard set to pocket $3.5m as Casco Bay Lines splashes federal funds to bankroll ferry newbuilding.
Conrad seals LPG barge deals Shares in OTC-listed shipbuilder soar 10% as backlog breaks $70m.
Malm Justad out of EMS Axel Eitzen put in as new chief executive of Eitzen Maritime Services after sudden departure of Annette Malm Justad.
Deep Sea fixes into Brazil Norwegian owner reduces spot exposure with two Maersk anchor-handling deals.
STX snares another Island deal Europe's largest shipbuilder wins $140m PSV order from long-standing customer Island Offshore.
Quotes of the week Michael Skov is fighting fit as he pedals back into the industry and a new P&I outfit says it's not writing fiction.
Australia planning new ports Terminals needed in Spencer Gulf as 24 more mines expected to open in near future.
New5 in Numb3rs Clarksons is chasing commissions in court while Norwegian tanker owners are swapping ships.
Stocks not socks for Marsh's kids Braemar boss Alan Marsh repeats party piece buying 10,000 shares for his children.
Profits jump at Frontline John Fredriksen-controlled tanker player sees income jump nearly three-fold on a year ago.
Rem Offshore profit slumps in Q2 Failure to repeat last year's bumper income from asset sales leads to sharp fall in profit at Oslo Axess-quoted owner.
Guangzhou adds yard space Chinese builder in $13m rental of plot in Jiangsu to solve order bottleneck and attract larger tanker orders.
Hapag-Lloyd hunts bond sale German container line linked to EUR 500m debt issue in more favourable markets.
Shih Wei slides in first half Taiwanese bulker owner's revenue increases, but income from investments sharply down.
ITC sees profit dip in Q2 Frontline spin-off's bottom line shrinks following ship sale and debt payments.
Spot of bother at Golar Energy Norwegian LNG player hurt in first half by over-tonnaged markets and higher costs.
China Cosco readies $735m bond sale Ten-year bond sale part of larger plan by China Cosco Holdings to repay debt and fund expansion programme.
Passengers rescued from ferry Authorities evacuate 138 people trapped overnight on Indonesian vessel off Bali.
First-half tank tonic for Vopak Dutch oil storage player has increased earnings as capacity expands in 2010.
Angelo steps up at Intertanko Deputy chief and former USCG man to take over from retiring Peter Swift at tanker owners' organisation.
Opec cutting crude shipments Refinery maintenance season means slowdown for tanker cargoes to middle of September.
Maersk presses on with rate rise Unsatisfactory Atlantic box business means Danish owner will hike rates in fourth quarter, with more rises to come.
Glencore profits up 42% Ivan Glasenberg-led commodities giant sees interim profits jump on improving global economy.
Golar ups divi despite loss Oslo and US-listed LNG player increases dividend to shareholders with promise of more to come.
ICG profit gets volcanic boost Irish Ferries owner sees profit rise in first half as passenger numbers increase on closure of European air space.
Bourbon in Aussie fix Offshore player's joint venture with Oceanteam wins three year charter for DP2 construction vessel.
Lower revenues dent Alam Weaker performance in two main business segments hurt Malaysian shipowner in second quarter.
Daewoo confirms gas deal Korean shipyard to pocket $320m for eight ethylene carriers ordered by new Singapore investment vehicle.
EPA proposes extended no dumping zone The EPA, United States Environmental Protection Agency, proposes an extended no-discharge zone for California. The ban will prohibit sewage discharges from all vessels above 300 tons, including cruise and
Bulker takes the Northern route to China The Danish-owned bulk carrier Nordic Barents is the first non-Russian flagged vessel to sail through the Northern Sea Route. The vessel departs from Kirkenes at the beginning of
Volatile crude gives bunker markets a rollercoaster ride Narrow trading range, but plenty of price movement.
End of week sees further gains 'Choppy' market activity predicted for next week.
Bunker prices firming across the board Rotterdam market activity 'terribly quiet', players say.
Fujairah prices still firming as week ends Sharp gains in Suez.
Lintec finds 7.5% of tested ECA fuels above 1.00% sulphur limit Figure falls to 2.5% if 'grey area' test results are taken into account; potential conflict with stricter IMO sulphur verification procedures.
Failure to secure fuel contracts leaves owners exposed Drewry Shipping Consultants says that without contracts 'budgets can be blown to the four winds'.
Bunker spill at Australian coal terminal Transport Workers Federation says spill highlights dangers of 'flag of convenience' vessels.
INTERTANKO names next MD Joe Angelo to succeed Peter Swift, Kathi Stanzel appointed Deputy MD.
Prices mostly firmer Friday Demand at major Asian ports mainly below average.
Glencore sees profits soar Chemoil's majority shareholder sees H1 profits climb 42%.
Sinopec Zhoushan to triple bunker sales at Shanghai by year-end Plans to start supply of MGO product in early October.
Slight dip in South China fuel oil inventories Volumes forecast to increase during the current week.
Bonded MGO supplies 'very tight' at Mumbai and Jawaharlal Nehru Only 15 mt of MGO avails left in local storage facilities, says trader.
New bunker trading platform sees first physical delivery 'Historic moment' for NR-X, the shipping industry and the marine fuel industry, says company director.
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