NOL's Q4 profit may increase 35% to US$181m: analysts NEPTUNE Orient Lines may report that its fourth-quarter profit rose 35 per cent as demand for Asian goods in the US and Europe helped it move more cargo and raise rates.
Keppel Fels sells stake in US$108m rig KEPPEL Fels Ltd said yesterday it has sold its 75 per cent stake in a US$108 million jack-up rig it has just completed for US-based energy services company Ensco International Inc.
NOL's Q4 profit may increase 35% to US$181m: analysts NEPTUNE Orient Lines may report that its fourth-quarter profit rose 35 per cent as demand for Asian goods in the US and Europe helped it move more cargo and raise rates.
Keppel Fels sells stake in US$108m rig KEPPEL Fels Ltd said yesterday it has sold its 75 per cent stake in a US$108 million jack-up rig it has just completed for US-based energy services company Ensco International Inc.
Singapore: Underground storage could free more refining space The Economic Development Board (EDB) of Singapore has proposed relocating above ground storage tanks to underground caverns on Jurong Island to free space for more production and refining facilities.
Scrubber manufacturer seeks new partners EcoSilencer manufacturer, Diversified Metal Engineering (DME) maintains the feasibility of the scrubber despite being dropped from further BP trials.
Indian shipping and port sector calls for bunker tax exemption Officials from India's ministry of shipping and ports are calling on the government to exempt bunker fuel from excise duty in its 2005-2006 budget.
Crude little changed after yesterday's plunge Crude oil futures were little change in after hours trading this morning following a significant fall on both sides of the Atlantic yesterday.
Browne enjoys fruits of investment programme STRONG oil production growth and high crude prices boosted British oil major BP's annual profits by 26% as the London-based company saw the fruits of its huge investment programme.
Frontline and BP end crude carrier deal A GROUNDBREAKING very large crude carrier deal between Frontline, the world's largest tanker operator, and Europe's leading oil major BP has come to an end after two years.
Eitzen ends talks with Finaval after just one month EXPANSIVE Norwegian shipping entrepreneur Axel Eitzen yesterday ended talks with Italy's Finaval over an estimated $200m proposed acquisition of eight small to medium sized chemical tankers.
MEPs back lines on Irish light dues row SHIPOWNERS fighting to reduce charges for navigational aids around the British Isles have won the backing of a powerful group of politicians.
China trade surplus pushed up by January export figures CHINA'S exports surged 42.2% in January from the same period a year earlier, pushing the country's trade surplus to $6.5bn for the month, the government said yesterday, AP reports.
US ports warn of funding deficit PORTS across the US are getting short changed in both security funding and improvements in navigational needs, according to the head of the port trade group
Six feared dead off Faroe Isles SIX people are feared dead after the Isle of Man-registered 3,200dwt cargo vessel Jokulfell sank 48 n-miles northeast of the Fugjoy lighthouse, Faroe Islands last night
Seacat ends Scotland-Ireland route THE cutback of Sea Container's UK ferry operations continued yesterday with the closure of the service between Troon in Scotland and Belfast in Northern Ireland
Builders back Bush tanker snub THE Bush budget calls for the rescission of $75M in product-tanker subsidies, and the American Shipbuilding Association backs the president's decision
Grindrod buys coal terminals GRINDROD, the South African logistics group, has taken a controlling share in coal terminals at Maputo, Mozambique and Walvis Bay, Namibia
Heavy seas hinder bulker salvage LIGHTERING of the grounded bulker Cape Flattery off Barbers Point in Hawaii has been suspended due to heavy sea conditions
Off-peak programme again delayed at LA/Long Beach Plans to shift some activity off-peak hours at congested Ports of Los Angeles and Long Beach have been delayed again, until late May or early June.
Incensed GA lines allege PONL Med terminal skulduggery A new terminal row appears to be brewing within the Grand Alliance as member lines suspect P&O Nedlloyd (PONL) of railroading them into a Mediterranean terminal swap from La Spezia to Genoa.
US Port funding proposals will hit dredging and security says AAPA
Port of Vancouver gets higher borrowing limit to invest
EU promises that quotas on Chinese textiles are 'last resort'
BP cancel Frontline VLCC charter Changing trading and supply patterns has forced British Petroleum to cancel a COA involving the VLCC's "British Progress", "British Purpose ...
OSM mans Swedish icebreakers On 1 May, OSM Ship Management takes over management of the Swedish state icebreakers from B&N Nordsjöfrakt. A five ...
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