China ore ports' backlog threatens growth: shipbrokers CHINA, the world's largest iron ore importer, needs to clear the backlogs at ports that handle commodities used for steelmaking to reduce vessel delays and help sustain the nation's economic growth, according to analysts attending this week's World Shipping Summit in Shanghai.
Indon govt to merge state ship makers THE Indonesia government plans to merge several state-owned ship makers by 2009.
Chinese ports seen handling 25% more cargo by 2010 WITH China's economy booming, its ports are projected to handle 25 percent more cargo traffic over the next five years, state media reported yesterday, citing a senior transport official.
No consensus on box rate direction THE World Shipping (China) Summit, held in Shanghai and organised by Cosco, closed Wednesday without coming to a consensus on the fate of container freight rates in the short to medium term.
IPO fever hits London as Goldenport seeks £80m GREEK shipowner Goldenport Holdings, which controls a fleet of 17 bulk carriers and containerships, is seeking to raise £80m ($141m) in the first shipping initial public offering on the full London Stock Exchange for many years.
P&O chills out as DP World reveals big terminal plan BRITISH ports and ferries group P&O and its would-be suitor from Dubai, DP World, yesterday both announced significant transactions unrelated to their takeover talks, writes Tony Gray.
Flags of convenience are 'assisting criminals' THE International Maritime Bureau has hit out at flags of convenience, saying they are assisting criminal gangs by not making checks about the vessels being registered.
Hoverspeed halts Dover fast ferry crossings HOVERSPEED is to cease all Dover-Calais fast ferry crossings next Monday, with total closure now seemingly inevitable.
Berlin slams ports directive THE German government has condemned the proposed EU ports directive as superfluous and bureaucratic
Chileans clean up after oil spills CLEAN-up operations have been continuing after the Hong Kong-registered bulker Eider ran into rocks about 500m from the Chilean coast near Antofagasta on Monday
Oil spill in Durban harbour ABOUT 80 tons of bunker fuel spilled into Durban harbour yesterday during docking operations for the Ocean Africa container ship Doria
P&O sale clears decks for takeover P&O Group has sold its Cold Logistics business to Canada-based Versacold Holdings in a move that helps to clear the decks for a possible takeover
Break-bulk losing out in recruitment BREAK-bulk is losing out to containers in attracting new recruits as pay rates for box stevedores is far higher, the Breakbulk Conference in Houston has heard
Ferries must take on air carriers FERRIES must offer a travel experience not just a way of getting across, Scandlines' passenger division head Frank Havemann told the Seatrade convention
P&O prepares for ports sale P&O has announced the sale of its cold logistics division to Canadian operator Versacold Holdings Corp for around £183m, around its book value, said the company.
Shadow boxing Carriers deliver blow to ailing charter rates
Fencing over Russian rail, Aristov parries RZhD's privatisation thrust
Drought hits Amazon draught
Task Force to report on Vancouver truckers on Friday
Teekay LNG to add suezmaxes Teekay LNG Partners aims to issue new shares to buy three more suezmaxes from general partner Teekay Shipping.
Quintana adds more profit New York-listed bulker owner makes close to $800,000 in first six months of operation.
Aboitiz hit by costs Philippine ferry owner slips to nine-month loss as finance and fuel expenses rise.
Goldenport seeks $340m valuation Greek owner pitching to go public in London by year-end.
Austal goes unconditional Uncertainty banished over Hawaiian order for ferries at Australian yard.
Bergen broker heads Wista Marine insurance specialist Marita Scott of NorthEdge takes over as president of expansion minded women's shipping association.
Olsen companies rise Oslo-listed Ganger Rolf and Bonheur pile on the profit in first three quarters.
ABG aims high Indian shipyard could raise up to $35m from IPO as it reveals price range.
Goldenport to list in London Paris Dragnis-controlled bulker and boxship owner bids to raise $140m on London stock exchange.
Hurricanes dent Navigators Katrina and Rita combine to push US-listed marine insurer into the red in third quarter.
Color confirms ferries Norwegian ferry group orders two high-speed vessels from Aker Yards.
Toisa opens in Singapore Gregory Callimanopulos' support vessel operation sets up shop in the Lion Republic.
Dubai to keep P&O ferries DP World to bid for all of shrinking UK group, which has announced sale of its Cold Logistics business.
Record quarter for Bluewater Newly listed marine underwriter is in the money despite shipowners postponing renewals.
Aker Finnyards and Color Line signs LOI Aker Finnyards and Color Line have signed a Letter of Intent to deliver two "Color Superspeed" fast passenger ferries in ...
Coastal Express threathens to flag out The new, merged Coastal Express company wants net wages for the crew or the vessels may be flagged out. The ...
Veritas Tankers buys newbuilding Rederi AB Veritas Tankers, Donsö, Sweden, has purchased a 10,500 DWT product/chemical tanker-resale from Besiktas Group in Turkey ...
Valero to expand Aruba capacity, build new ex-pipe berth US refining company building a new berth at its refinery as output is increased.
DOE & API: Latest US inventory figures Reports show wide discrepancies, but crude imports are back on track with DOE year-on-year figures looking healthy.
AP Moeller-Maersk: Asian box traffic to surge by 2008 Container throughput in China, Hong Kong and Taiwan may rise to 133 million TEUs by 2008.
Reports: China to scrap oil product import tariffs China will reportedly scrap the import tariffs imposed on fuel oil and other oil products to help boost imports and relieve shortages.
MPA raps two suppliers in off-spec fuel case Port authority defends Singapore's bunkering standard in the wake of sample tampering speculation.
Rotterdam steady to firm ahead of Midday
Vessel leaks fuel oil at Durban harbour A damaged vessel is believed to have caused the worst ever oil spill in South Africa's Durban harbour.
PDVSA launches new double-hulled bunker vessel First of new double-hulled vessels is launched in Venzuela.
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