Maersk, Hutchison invest in Yangshan port Phase II AP Moeller-Maersk and Hutchison Whampoa Ltd signed an agreement yesterday to buy into Phase II of the Yangshan deepwater port near Shanghai, becoming the first international investors to join the multi-billion dollar container project.
BW Shipping obtains ISO 14000 certification ONE of the world's biggest tanker operators has obtained the ISO 14000 certification for environmental safety for its entire fleet of 24 vessels.
Endeavour drops out of PD Ports bid ENDEAVOUR Ports has dropped out of the bidding for UK port operator PD Ports Plc after Australian rival Babcock & Brown Ltd made a higher offer.
Yangshan box terminal propels Shanghai to top of the ports A CONSORTIUM headed by Denmark's APM Terminals and Hong Kong's Hutchison Port Holdings has won a 50-year concession to run a huge new container terminal that should catapult the port of Shanghai to the world's number one spot.
Christmas investors follow Star with gift of $188m 'blank cheque' STAR Maritime, a so-called 'blank cheque' shipping investment firm, has pulled off a $188.7m initial public offering in the US, with main promoters Prokopios 'Akis' Tsirigakis and Petros Pappas pledging to hunt down a suitable target to acquire within 18 months.
Aon is first broker to sign up to SIGTTO leading insurance broker and risk management consultant Aon, has become the first insurance broker to join the Society of International Gas Tanker & Terminal Operations, which has been instrumental in gas shipping's impressive safety record.
Speculation mounts over rival bids for P&O DUBAI Ports' takeover offer for P&O is being watched with close interest by APM Terminals, but the Danish ports group will not say whether it is considering a rival bid.
Bunker battle rages on in Colombo LANKA Marine Services, which was effectively the monopoly bunker supplier in Colombo until recently, is suing Sri Lanka Ports Authority for Rs20M ($196,000) a month for alleged losses suffered because open bunkering has been allowed inside the harbour
Ageing icebreakers imperil polar research RESEARCH missions to the Arctic and Antarctic may soon be jeopardised by an under-funded US icebreaker programme, says a report commissioned by the US Congress
MTC branches into Mexico OAKLAND, California based Marine Terminals Corp has formed two international arms
Panama calls tender for seafarers' ID PANAMA Maritime Authority has opened the tender for the design and production of a new seafarers' proof of identity
Another 'blank cheque' written A new 'blank cheque' shipping vehicle, Star Maritime Acquisition Corp, is moving forward with its takeover scheme after pricing its 18M-unit IPO at $10/share
CP Ships name to go by late 2007 TUI has confirmed it will abandon the CP Ships brand name probably by the end of 2007 on completion of its integration with Hapag-Lloyd Container Line
JICT head: regulatory changes mean $35m income-drop, no new investment in 2006 Indonesian government interventions in THC and VAT may cause a US$35m income drop for Jakarta International Container Terminal next year, while throughput may stay level, threatening investment plans.
Transsib Co-ordination Council seeking rates co-operation The Co-ordinating Council of Trans-Siberian Transport is holding talks with shipping lines and European railways, in an attempt to secure 'competitive' transit-rates on the Trans-Siberian Railway before the New Year.
Yangshan Phase II investors formally announced today
Nigerian ports to be cleaned up
Xiamen International Port share price stalls
Local pressure accelerates Pecem terminal plans
Hutchison yet to have security clearance for Chennai terminal bid
PSA and MSC to jointly operate and manage MSC Singapore terminal
Foreign trade growth sustains Tianjin Port volumes
Tallink confirms option at Aker Finnyards Tallink confirms its option agreement about a sister vessel to the cruise ferry "Galaxy", which is being built at Aker ...
Mols-Linien raises the estimate after sale of ports Mols-linien has now announced the terms of the sale of its two ports to Sund & Belt Holding. The price ...
Seafarer unions join forces to face Silja sale The maritime unions SEKO Sjöfolk in Sweden and Sjömansunionen in Finland has decided to act together against a new owner ...
Sri Lanka supplier sues port authority A Sri Lanka-based bunker supplier has filed a law suit against the port authority for alleged losses as a result of open bunkering inside Colombo port.
US: Bunker prices softer to open busy week Suppliers seeing prices softening and expecting a rush of enquiries ahead of holiday weekend.
Vitol gains backing for $120 million Florida terminal Vitol proposal to build and operate new terminal serving bunkering requirements has won the backing of port officials.
IBIA gains consultative status at IMO Industry association achieves long-term goal of gaining consultative status at the International Maritime Organization as MEPC prepares to review MARPOL Annex VI.
Nigeria: New refinery to engage in "licensed bunkering" Nigerian National Petroleum Corporation and Chevron have agreed to build a new refinery to produce fuel oil destined for "licensed bunkering".
ExxonMobil: Product substitution phase-out underway ExxonMobil Marine Lubricants says it is in the process of resuming global supply of Mobilgard 570, after lubricants crisis prompted product substitution.
Fuel crisis: Worst over, bunkers still affected Government officials claim worst of South African fuel crisis is over, but gas oil supply for the bunker market is yet to return to normal.
Rotterdam 2005 supply dates mostly committed
China caps growth in both crude output and import China saw a rise in both the output and import of crude oil in the first 11 months this year compared to a year earlier.
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