Indian ports need to double capacity to meet growth INDIAN ports need to double capacity within the next five years to cope with the country's growing trade, investors and shipping companies said.
Cosco Shipyard in 6b yuan yard expansion THE Cosco Shipyard Group , in which listed SembCorp Marine owns 30 per cent, plans to spend six billion yuan to expand capacity, including the building of a new shipyard in Dalian.
China Merchants posts H1 profit increase of 40% CHINA Merchants Holdings Co, a state-controlled port operator, said first-half profit increased 40 per cent after the nation's rising trade increased cargo volumes.
Grimaldi cruise ferry rethink as fuel costs soar BATTERED by soaring fuel prices totalling an extra €50m ($60.9m) a year, Grimaldi Group has renegotiated contracts signed with Fincantieri to build two cruise ferries, ordering instead larger vessels capable of generating higher revenues.
France holds Maersk Barcelona in pollution probe A FRENCH prosecutor yesterday ordered payment of €500,000 ($600,000) bail as the condition for the release of a containership suspected of having caused pollution 160 km west of the Brittany peninsula.
Double Hull Tankers in $368m IPO DOUBLE Hull Tankers has finally thrown its hat into the ring, filing yesterday with US regulators for an initial public offering of up to $368m including over-allotment, writes Rajesh Joshi in New York.
Lloyd's Register marine operation to quit London for Southampton LLOYD'S Register plans to relocate its entire London-based marine operation, retaining only a corporate presence in the city.
Brussels delays verdict on CP Ships takeover THE European Commission has postponed its deadline for examining the proposed takeover of CP Ships by Tui, the Hapag-Lloyd parent group, from September 28 to October 12.
Salvor sees Fowairet lessons DAMAGE caused to a container ship that ran aground in the River Scheldt yesterday is further warning of the dangers of failing to think carefully about salvage capacity available
Crowley back at Gulfport CROWLEY Maritime, which relocated its US Gulf Coast service after Hurricane Katrina, has returned to Gulfport, Mississippi
Safety challenge for boxship design DESIGNERS of container ships will have to embrace new safety features in order to bring down accident rates among stevedores, a Hamburg conference was told today
Hold-outs and violence mar Toronto trucker agreement Trucking firms have offered disgruntled truck drivers serving Toronto's intermodal terminals substantial pay-increases, but new outbreaks of violence and hold-outs are confusing the situation.
Even smaller ships vulnerable under coming cascade, warns HR The prospect of greater tonnage-supply than demand has been coming into sharper focus in a quiet autumn, and now brokers Howe Robinson are questioning whether demand-growth is enough.
California port-empties are full of railway efficiencies
New container terminal in Tianjin gains Beijing greenlight
India's CWS to enter deregulated rail container movement market
Yang Ming and Wan Hai co-operate on China/Middle East trade
HMM starts Frankfurt/Main-Rotterdam blocktrain
APMT confirms Apapa deal
Auckland sees volume turnaround take hold
Gauge-conversion to benefit Kandla Port from 2007
Coega needed quickly, for SA to realise its transhipment potential
NCC announces investments for First Container Terminal
Parlamentary committees says no to port directive Two committees in the EU Parliament, Internal Market and Consumer Protection and Employment and Social Affairs, have turned down the ...
Captain three times over the limit The Captain of the UK emergency towing vessel "Anglian Sovereign" was three times over the legal blood alcohol limit when ...
Ecuador: all-time record gasoil price Marine gasoil prices soaring over $900 in Ecuadorian ports, the most expensive places to bunker the distillate fuel today.
Rita to shut Houston down, suppliers evacuating Suppliers in Houston prepare to suspend bunkering today as hurricane approaches with traders setting up operations elsewhere.
Faltering freight rates makes bunker burden harder to bear Phenomenal rise in bunker prices has coincided with falling freight rates, making bunkers a burden that some lines are worse equipped to deal with than others.
US base oil on the rise again, industry braces for Rita Market mover makes across the board price increases as the industry prepares for hurricane Rita to make landfall.
DOE & API at a glance: This week's US inventory figures
GAC St. Petersburg: Bunkering logical at later date Shipping and logistics firm expands Russian presence and says bunkering is a logical step for the future.
KIC makes first move to extend Port Klang throughput KIC signs 180 centistoke blending deal and reveals $15 million terminal upgrade at Malaysian port.
ITIC: Ship managers increasingly targeted for MARPOL breaches Ship managers are increasingly being targeted by port authorities for breaches, or suspected breaches, of MARPOL Regulations, according to specialist insurer.
Rotterdam slightly firmer at Midday
Indonesia clamps down on fuel smuggling with new arrest The Indonesian authorities have arrested a tanker suspected of fuel smuggling in Batam on Monday morning.
SK Corp may sell shares to acquire Inchon SK Corp may sell off part of its stake in affiliate SK Telecom Co to fund the takeover of Inchon Oil Refinery.
Lukoil sees potential for expansion in Asia Lukoil seeks to expand its reach for worldwide refining and downstream assets into Asia by tapping into the region's growing fuel demand.
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