DP World plans share sales to international investors DP World, the Dubai-owned company that bought Peninsular & Oriental Steam Navigation Co in February, plans a series of share sales to international investors as it seeks to become the world's biggest container ports operator.
Foreign firms could take 50% of third phase: Dalian port CHINA's Dalian Port expects foreign firms to take up to half of the third phase of its container port, but a domestic share sale for the recently Hong Kong-listed port operator is not likely in the near term.
100% scanning of US-bound boxes inevitable: LA port security chief A requirement for 100 per cent scanning of cargo containers destined for US ports is inevitable, said the head of security for the Port of Los Angeles shortly after US lawmakers narrowly defeated a Bill aimed at such a measure.
Mason brings box insight to top ICS job LINER shipping has a new top level champion with the appointment of former P&O Nedlloyd director Tony Mason as secretary general of the International Chamber of Shipping and International Shipping Federation, taking over from Chris Horrocks.
Orient faces 35 claims of alleged bill non-payment ORIENT Steamship is facing at least 35 claims for alleged non-payment of bills for both its 1990-built 152,056 dwt Orient Alliance and the 1986-built 146,351 dwt Orient Brilliance, according to the lawyer acting on behalf of creditors.
APM Terminals deal heralds new European port strategy THE Maersk group's APM Terminals and its French partner, Perrigault, have signed a 36-year operating and management concession for a two- berth terminal at the port of Le Havre's newly inaugurated container facility, Port 2000.
Liner charter rates set for 2007 recovery, says financier KG financier Hansa Treuhand has lifted its outlook for charter rates in 2007, following the market recovery of recent weeks, but warned that it does not expect rates to remain at the current level. "The downward trip has not yet come to an end," said chief executive Hermann Ebel.
CNAN bosses get 15-year sentence for Bechar loss THE former head of state-owned Algerian shipping company CNAN, Ali Koudil, has been sentenced to 15 years in prison for negligence leading to loss of life following the loss of one of the company's ships with 16 crew members off Algiers in 2004, writes Andrew Spurrier in Paris.
Cruise ends as MCA finds deficiencies SURVEYORS from the UK's Maritime & Coastguard Agency today detained the Maltese- flagged cruise ship Vistamar at Tilbury Docks, London, after numerous deficiencies were found
Norwegian bulker aground off Florida COAST Guard officials are investigating this morning's grounding of the Norwegian-flagged bulker Spar Orion off Fort Lauderdale, Florida
Migrant Watch: US/Caribbean MIGRANT activity in the Caribbean has been generally quiet, but the Coast Guard in San Juan was able to report the arrest of two people-smugglers
DHS progressing after TWIC delays Deputy Secretary Michael Jackson tells Senate panel that his agency is making up for lost time as it implements port worker ID card prorgam.
'Green' progress for Port of Long Beach
Mason to lead ICS
UPS to expand global hub
New record for LA-Long Beach imports
Schwab promises bipartisan support for trade deals
Hong Kong to raise $28.8m in port security charges Hong Kong's terminal operators have issued a notice to shipping lines informing them that port security charges will be collected from June 1.
APL fixture looks like breaking the ice in the Baltic APL appear to be on the verge of launching their first Baltic service, after serving the market through commercial feeders and Trans-Siberian Railway connections.
'Dangerous and dirty' UK authorities are getting 178 passengers off a Maltese-flag cruiseship at London after finding lifeboats unuseable.
'Who will save us from the Norwegians?' Norway's Skagen Funds has taken a 5.2% stake in Korea Line and set off a fresh round of scandinavophobia among Korean shipping companies.
Exmar guns for $150m Belgian gas player could float up to 49% of offshore division in mooted listing.
Up and running Singapore launches Asia's first freight clearing house.
Yard thumbs-up for French European Commission approves state guarantees for banks financing big shipbuilding projects in France.
Ultrapetrol unveils pre-IPO loss Argentine owner will head into equity offering with little to shout about on its P&L sheet.
Usual suspects Inspections and detentions down at Tokyo MOU in 2005 but the usual suspects from the black list of flag states re-offend.
Japan grabs 37 vessels April safety checks ended in detention for owners including MMM and Myanmar Five Star Line.
Novoship slumps First-quarter earnings down 900% at Russia's Novoship as revenues from vessel sales are missed.
White-Sea watches profit dwindle First quarter earnings droop for Russian dry cargoship owner.
Taca raises Panama fee Second increase in prices by canal chiefs forces boxship group to recoup costs.
Yang Ming faces profit drop Taiwanese container line could post 40% fall in earnings this year as rates plunge.
Seven held in Hong Kong Port state checks end in detention for general cargoships and a bulker during April.
No 'Aloha' for NCL passengers Damaged propeller shaft sees Norwegian Cruise Lines cancel Hawaiian cruise from San Francisco.
TEN extends Brazil charters Brazil's Petrobras to take pair of Tsakos Energy Navigation suezmaxes for three more years.
Knightsbridge slides First quarter net profits down 17% at Frontline-managed VLCC operator on weaker rates.
Profits slip at Euroseas Lower freight rates and increased costs take the shine off Greek owner's first quarter results.
MacGregor in Japan tie-up Cargo access equipment manufacturer teams with shipbuilder Shin Kurushima for PCTC series.
Hamworthy back at Daewoo UK firm to supply LPG reliquefaction systems for six VLGCS building at South Korean yard.
Large order to Djupvik Shipyard The Swedish Defence Material Administration has ordered five training vessels for the Swedish Navy from Swede Ship Marine AB. The ...
Volvo offers free alcohol test equipment to ferries The Swedish lorry and bus manufacturer Volvo will offer installation of alcohol level testing equipment free of charge to ferry ...
Old Kystlink in bancrupcy ' uncertainties on traffic start in Strömstad Kystlink, which was separated from the restructured Nye Kystlink by the end of last year, has been placed in bancrupcy ...
Buyers wait for lower prices US markets quiet as buyers considering alternatives and expecting lower prices.
PDVSA staff change
DOE & API at a glance: Latest key US inventory figures API reporting drops across the board while DOE shows gains for gasoline stocks.
Nigeria: Bunker potential in excess of $1 billion Sources familiar with the Nigerian market peg potential demand at 3.6 million mt annually, if obstacles can be overcome.
Fujairah-linked fuel oil futures contract in advanced stage DGCX chairman hints at implementation of new regional futures contracts for fuel oil in September.
Rotterdam firms after stable night for crude
Abrasive fuels flagged up Testing firm warns of high cat fine levels and indicates possible waste lube contamination in recent bunker deliveries.
Hong Kong: Typhoon Chanchu disrupts bunkering Typhoon signal number 3 was hoisted in Hong Kong this morning.
Singapore: April bunker sales down 3.7% Bunker sales remain strong above 2 million mt, total bunker sales in 2006 up 8.3% on year.
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