Tracking device on all small vessels by Feb 2007 WITH renewed warnings of the reality of terrorist threats to the Strait of Malacca and Singapore, the Republic's maritime regulator said it is mid-way through its plan to put identification transponders on the 3,000 small vessels operating in port waters.
India aims for US$10b investment in ports INDIA plans to get US$10 billion of foreign and private investment in ports in the next six years to upgrade seaport facilities and meet the growing trade demands of Asia's fourth-biggest economy.
Patrick gets official nod to acquire FCL PATRICK Corp, which is fighting a hostile A$5.3 billion takeover bid from Toll Holdings Ltd, won regulatory approval for its planned A$142 million acquisition of FCL Interstate Transport Services Pty.
Tanker rates may fall in Q2 as fleet grows, demand falls
Strike hits North Sea ferries A 24-hour strike hit ferry services between the Netherlands and the UK today as last-ditch collective labour agreement talks in the Netherlands broke down late last night.
Whittington eyes syndicate in Singapore LLOYD'S is considering giving the green light to a new syndicate which would intensify its involvement in the Asian market from its Singapore base.
OUB Asia steps in to prop Omega shares up ABOUT two-thirds of the volume on Omega Navigation's lacklustre first day trading on the Singapore Exchange came from issue manager OUB Asia as it took 'price stabilisation' measures.
Security threat puts QE2 on high alert CUNARD'S Queen Elizabeth 2 was on heightened alert after a security threat to the cruiseship which called in Alexandria yesterday on the final leg of a world cruise.
Eurotunnel strives to keep creditors at bay EUROTUNNEL has asked creditors for a third extension to its debt restructuring discussions and delayed yesterday publishing its 2005 accounts.
Oceania poised for growth leap OCEANIA Cruises has confirmed that newbuilding plans are on the fast track, financing options are in place, and that new vessels will be larger than its three R-class ships
Cunard alert after threat to QE2 CUNARD cruise ship QE2, carrying 1,700 passengers, is reported to be under guard in Alexandria, Egypt, today after being the subject of a security threat
Developers are looking further inland, away from ports for distribution centers Developers are facing a shortage of space near ports as surrounding communities resist growth and truck traffic that comes with it.
Rotterdam ro/ro terminal strike, as ECT action seems to be contained Labour disruptions have spread at Rotterdam, with dockers at three ro/ro terminals stopping work at 07:30 this morning, after a wildcat strike last night by ECT dockers.
Controversial SA transhipment hub to get final funding Some R2bn (US$327.92m) will be spent completing the port of Ngqura (Coega) near Port Elizabeth, general manager of South Africa's port management company Hamilton Nxumalo revealed this week.
Second quarter surge unlikely to stave off charter slide, say brokers
ACCC clears Patrick's FCL takeover
Further complications for Lyttelton sale
Trio launch sub-continent service to from Taiwan and China
Options on Horizon Chuck Raymond has picked up options to buy over 100,000 Horizon shares and other employees have done nearly as well.
Titan in products push VLCC owner Titan Petrochemicals intends to buy or charter ships over two years to back up an expansion into products distribution.
Hawaii barge buildup Saltchuk-owned Young Brothers Ltd will convert an oceangoing deck barge to pure ro-ro as first step in a $186m, 10-year fleet renewal.
New life after 24-year layup? A US bulker is in the drydock and could be brought back into service after 24 years in layup.
Golden Ocean boosts liquidity Company arranges 'opportunistic' sale of Lake Sequoia but takes a $9m accounting hit.
Ship hits whale Cargo ship undamaged after a collision with a whale off the coast of Canada.
NITC eyes LNG deals State owned Iranian tanker company plans order bonanza for at least 30 LNG carriers.
Titanic drop Hong Kong owner reports massive fall in profits due to expansion costs and weak VLCC markets.
Chilled freight rates rise Pacific container lines to impose $300 per feu increase on US vegetable exports.
Fake captain collared Suspected fake ship captain offering jobs at sea arrested in sting operation in the Philippines.
Reykjavik raider returns Tryggingamidstodin is back with a $137.5m chest of cash to buy Norwegian underwriter Nemi.
NOL gets downgraded Analyst rates Singapore's Neptune Orient Lines a "sell" and says it may end the year in the red.
IRISL pursues Mid-East joint venture Iranian container owner said to be in final talks with Oman and Iraq over shipping collaboration.
Leave it to us Suez green subsidiary Sita offers services to French government for recycling of aircraft carrier Clemenceau.
Wallem price close to $80m Major shareholder Caledonia reveals price paid by new owners to buy Hong Kong shipmanager.
Profits jump at Cosco Holdings Cosco container arm sees 2005 profits increase by over 30% on back of thriving global economy.
SFL seals boxships Ship Finance International (SFI) completes deal to buy five containerships for charter to Horizon.
Profit up in Århus after sale of land Port of Århus came out of 2005 with a nice and much bigger profit that in the previous year. For ...
Swedish navy vessel to Scottish company Hays Ships of Aberdeen, the Danish/Scottish operator, has purchased the former Swedish naval support vessel "Gål'". The vessel has ...
"Pride of Telemark" to Str'mstad next month Passenger/car ferry "Pride of Telemark" will start scheduled sailings from Langesund to Str'mstad sometime in May, according to managing ...
Crude steps back from the brink, bunkers go higher Oil near record levels prompting market concerns, with no end in sight to volatility.
New ex-pipe berth boosts Aruba volumes Supplier reporting good results from expansion but yet to see full potential.
DOE & API at a glance: This week's key US inventory figures
2005 profits slide, but 2006 looks better, says Titan Slower Chinese import growth, falling freight, depreciation, high interest and increased bunker fuel costs blamed for lower 2005 profits.
Titan: Bunkering businesses expanded revenue 140% in 2005 Distribution businesses comprising bunker operations saw revenues grow, while Hong Kong operations increased market share by doubling volumes.
Rotterdam: Many suppliers fully booked into next week
Singapore: First underground storage caverns expected in 2009 Minister for Trade and Industry announcing the republic's underground storage project will break ground this year.
Vopak commissions $310 million Banyan Terminal in Singapore The new terminal brings Vopak's Singapore storage capacity to 1.9 million m' for oil and chemical products, with more to come.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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