Teekay Shipping seeks more acquisitions TEEKAY Shipping Corp chief executive Bjorn Moller, who has spent more than US$3.5 billion in five years to build the world's biggest oil-tanker operator, said the company may make more acquisitions to offer a broader range of services to oil producers.
China shipping may delay IPO: sources CHINA Shipping Container Lines may push back the roadshow for an IPO worth up to US$2 billion by one to two weeks in the hope of better market conditions, sources said yesterday.
80 treated after blast aboard S Korean ship AT least 80 people were treated for ammonia inhalation after an explosion aboard a South Korean ship docked in the port of the Uruguayan capital, fire officials said.
Air and Land Transport
EADS profit soars on higher Airbus sales EUROPEAN Aeronautic, Defense and Space Co, Europe's largest aerospace company, said first-quarter profit rose 75 per cent after it sold more Airbus planes and cut costs at its space unit.
Lufthansa turns around in Q1 thanks to Amadeus sale
Israel airline probes flight-safety incidents
Delta considers bankruptcy filing to survive financial crisis
Teekay Shipping seeks more acquisitions TEEKAY Shipping Corp chief executive Bjorn Moller, who has spent more than US$3.5 billion in five years to build the world's biggest oil-tanker operator, said the company may make more acquisitions to offer a broader range of services to oil producers.
China shipping may delay IPO: sources CHINA Shipping Container Lines may push back the roadshow for an IPO worth up to US$2 billion by one to two weeks in the hope of better market conditions, sources said yesterday.
80 treated after blast aboard S Korean ship AT least 80 people were treated for ammonia inhalation after an explosion aboard a South Korean ship docked in the port of the Uruguayan capital, fire officials said.
Air and Land Transport
EADS profit soars on higher Airbus sales EUROPEAN Aeronautic, Defense and Space Co, Europe's largest aerospace company, said first-quarter profit rose 75 per cent after it sold more Airbus planes and cut costs at its space unit.
Lufthansa turns around in Q1 thanks to Amadeus sale
Israel airline probes flight-safety incidents
Delta considers bankruptcy filing to survive financial crisis
Argentina bunker market 'in a mess' as avails dry up Replenishment stocks not expected until next week as energy crisis halves bunker sales.
Crude at new highs as US gasoline stocks fail to grow Crude prices took off again today to hit new 13-year highs. Analysts now share a much-touted OPEC view that soaring crude prices are down to US product and refining tightness.
Shell sits tight as Pakistan buys in HSFO Pakistan emerges as surprise cargo importer as water shortages hit hydroelectric power generation.
Weekly US oil inventory data at a glance
South Korean prices tipped to rise further Indications wavered between stable to firm in South Korea today, as crude and cargo rises put pressure on players to increase prices.
Bunker prices firm across the board Key ports in Asia and Europe see prices climb on back of crude as buyers stay away.
Saudi ports still competitive after posted price gains
Singapore voted 'Best Seaport in Asia'
Pirates strike another tanker off Singapore Attacks continue to plague tankers in Malacca Straits despite high early compliance rate to new IMO security measures in Singapore.
Panama signs ship boarding pact Panama has become the second nation to sign a Proliferation Security Initiative with the U.S.
Austal unit to build private survey vessel Austal's Image Marine has secured a A$7.1 million (US$4.95 million) contract to manufacture a research/pleasure vessel
EC says Spain broke shipbuilding aid rules Says IZAR must repay Euros 308.3 million plus interest
Miller makes UK Club management changes Long term succession planning
Mitropoulos slams ISPS Code complacency WITH 49 days to go before the provisions of the International Ship and Port Facility Security Code are due to become international law, new figures released by the International Maritime Organization suggest that it is increasingly likely that contracting parties will struggle to meet their obligations.
Single skin fight will go the distance A FIRST skirmish in the battle that will ultimately decide whether the single skin dry bulker has had its day suggested that both sides come into today's crunch session of the IMO Maritime Safety Committee with ammunition in reserve.
Sinking danger of ferry in Peril A ferry which struck a reef earlier this week will sink if it shifts from the rocks it sits on, authorities in Alaska have warned.
Case of seafarer deported over phone call highlights shortcomings of US war on terror THE contrast between the letter and spirit of the US campaign against terrorists has again been thrown into relief with the deportation of a Russian seafarer on a product tanker that called in Texas this week.
Kuwait backs Saudis with plea to Opec KUWAIT has added its weight to calls for the Organisation of Petroleum Exporting Countries to increase oil exports to cool 13-year high oil prices, writes Martyn Wingrove .
Izar given time to pay SPAIN will be given two months to find a way to repay '308M ($363M) of the state aid illegally granted to state-owned shipbuilder Izar, to protect the company from insolvency and job losses, the European Commission said today.
Kidnapped H-Süd exec released JORN Baetke, head of Hamburg-Süd Columbus Line, has been freed by kidnappers in Peru, according to local officials
Ship Finance gears up for flotation SHIP Finance International, the new company that will acquire 47 tankers from Frontline, is gearing up to be floated on the New York Stock Exchange
Chiquita admits to 'terrorist' payoff CHIQUITA Brands International has admitted that its Colombian banana-producing subsidiary paid protection money to groups the US designates as terrorists
Calls for UK ship scrapping policy An investigation by the UK's Environment Agency into the way the transfer of four US Navy vessels was handled has led to a call for a national ship recycling policy
Mona Lisa loses smile in Venice THE 29,000gt cruise ship Mona Lisa ran aground and was temporarily stuck on sand just a few metres off St Mark's Square, Venice early this morning
House considers new port security bill Democratic legislation earmarks $537 million for port-security grants in fiscal 2005, sets specific goals.
Fewer charters for large liners: Report Top 10 box carriers charter less than half of their total tonnage, according to BRS-Alphaliner survey, while smaller carriers charter higher percentage.
Panama to let U.S. board registered ships
Senate approves tax bill seeking to end EU trade sanctions
Twitchy charter market hangs in the balance This weeks big fixture was the 2,100TEU Felicitas Rickmers that was renewed by Maruba at US$23,500 a day over 36 months, 'another notch up in that sector', said one broker.
New business boosts VPA Q1 volumes A resurgent US economy and new business saw a 10.8% boost to the Port of Virginia's volumes in the first quarter according to the Virginia Port Authority (VPA).
Hyundai's PCX makes maiden California call
OOCL has adds latest SX class vessel to Asia/Europe trade
Two shipping lines launch intra-Asia services
Swiss group expands intermodal terminal at Domodossola
Jo can defer cash blow Feds spread $19.5m fine over five-year probation period, agree not to target current executives as price-fixing probe continues.
Royal Olympic gets small Embattled cruise line applies for "small cap" status to prevent Nasdaq de-listing.
Venezuela bucking OPEC hike Major US crude supplier says cartel should keep production level.
Bulker aground off Brazil Laden panamax damaged after striking unmarked rock.
Skaugen mulls bond sale Norwegian owner wants to raise cash to tweak company finances.
Bourbon bulks up French bulker and offshore group's turnover continues to rise in 2004.
SSY gets into gas and boxships UK-headquartered broker plugs the glaring gaps in its portfolio.
Montanari pushes up profit Italian tanker owner starts year with positive result.
Australia helps neighbours Cash to aid Pacific island states to meet IMO's port security requirements.
Third loop for MOL Japanese line confirms new China-Australia service, with help from NYK, K Line, Cosco and P&O Swire.
Global Carriers extends profit run Malaysian shipowner ups boxship charter rates and sees tankers fully employed.
Star balks at bonds Malaysian cruise line scraps plans to sell $450m of notes.
Spot of bother for Solstad Weak North Sea spot market and currency losses hit Norwegian offshore shipowner.
Bollore bubble bursts French owner's revenues down as Dutch bunkering operations scrapped.
Cosco Corp powers ahead Strong dry bulk market plus contributions from Chinese repair yards creates profit surge.
Pirates strike off Singapore Six crewmembers of a tanker are held hostage in twenty-minute ordeal just west of port limits.
Ship sinks off Cyprus Search mounted for three crew still missing after Turkish cargoship breaks in two.
Saga Line could be operative this month Saga Line could open its new ferry route from Moss to Skagen this month. The final certificates should be issued ...
Kockums one step closer US deal Kockums and its parent company HDW has signed a new agreement with Northrop Grumman System covering a new composite-built ...
China and Singapore return to Nor-Shipping China and Singapore have booked 400 and 260 square metre of exhibition space respectively at next year's Nor-Shipping ...
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