Record Q3 orders for S Korean shipyards HYUNDAI Heavy Industries Co and other South Korean shipyards received a record US$12.4 billion worth of orders in the third quarter in 2006, helped by increased demand for vessels that carry containers, oil and other products.
Panama Canal plan good for US E Coast MORE and bigger container ships are expected to sail to the US East Coast from Asia if the Panama Canal expansion goes ahead as planned, some ship owners said on Tuesday.
Fesco may float shares on LSE RUSSIA's top container shipping firm, the Far East Shipping Company , plans to float shares on the London Stock Exchange in spring or autumn 2007, a senior company official told Reuters on Monday.
NOL opts for outsider as new chief executive NEPTUNE Orient Lines has stepped outside the liner industry to find its new chief executive, with former Schenker top man Thomas Held taking over the helm from next month.
Held's appointment marks shift in customer relations NOL'S decision to choose a new president and chief executive from outside the liner shipping industry reflects recognition that the company needs to be more customer-focused.
Japan: two more vessels grounded Japan's coastguard mobilised rescue helicopters after two ships ran aground at the northeastern Japanese port of Kashima on Tuesday, writes Mike Grinter in Hong Kong.
Siem cashes in on offshore bandwagon KRISTIAN Siem is the latest wealthy Norwegian shipowner to cash in on the Cinderella-like rise of the offshore vessel sector with a NKr3.2bn ($485m) newbuild order crowning rags-to-riches profit growth.
Thomas Held is new NOL chief SINGAPORE 25 October ' The global search for a new chief for Singapore-listed Neptune Orient Lines has finally ended with Dr Thomas Held, a German national and chairman and CEO of logistics giant Schenker, being picked for the eagerly-awaited portfolio
Migrant Watch: US/Caribbean FOUR law enforcement agents were injured on Monday in a collision off the coast of Miami Beach during a multi-agency pursuit of migrant smugglers
Flood of Maersk vessels puts charter rates into reverse Brokers are reporting a softening of the charter market which they say is driven by the large number of vessels that Maersk is now either re-letting or returning to owners.
US motor-carriers attempt to open new forum for grievances The US Intermodal Motor-Carriers' Conference (IMCC) has filed a Federal Maritime Commission complaint against Sinotrans in the US, which the IMCC says could open a new forum for motor-carrier grievances.
Hyundai Group raises friendly stake in HMM, consolidating its grip on the carrier
Brazilian port's association calls for privatisation of Rio Grande channel to beat dredging failures
Seaspan share offering to fund newbuild orderbook
Extensive hull damage prevents early moves to re-float Rokia Delmas
Tianjin's eight city customs alliance cuts cargo transit times and costs
Former Schenker CEO, Thomas Held, takes over at NOL
OMI papers over risk Stamford owner signs up for more FFA's, meaning only three suezmaxes in formerly spot-heavy fleet will be trading without cover in fourth quarter.
BRSC snaps up fuel trader Bulgarian River Shipping to swallow sister company Chimimport Bimas.
Double salvage bid Preparations are underway to try to save two capesize bulkers that grounded in storms off Japan.
Back on the Street Seaspan's stock is close to 52-week high as it announces new share issue to pay for newbuilds.
Ocean Tankers stretches offer period Michael Ioannides' Cypriot outfit gives investors another two weeks, blaming tie-up with Athens.
Rokia Delmas poses spill threat Hull of grounded CMA CGM-managed ro-ro breached as pollution-control vessel readied for action.
Tidewater rises Second-quarter income up 27% on back of increased revenues while vessel sales add $28.2m before tax.
NOL returns to Europe Asian liner operator taps German logistics exec as its new chief.
Boom time for ACL US barge and shipyard owner posts huge jump in nine-month earnings as rates and volumes rise.
Bibby eyes prison ship action Shipowner offers vessels to relieve pressure on UK's over-crowded jails.
Farstad drops anchor-handlers Norwegian owner offloads veteran offshore vessels to Oceanlink for tidy profit.
SembCorp wins drill deal Subsidiary Singapore yard Sembawang to upgrade drillship for Neptune Marine in contract worth $19m.
A rising Star Reefer operator posts much-improved financials after 30% leap in spot rates.
Garware grows Expanding Indian supply ship player boosts bottom line in second quarter.
Capesizes ground All crew rescued by coast guard after two bulkers run aground in heavy weather off Kashima, Japan, the same area where MOL's Giant Step broke up.
Back to school for ABG Indian shipbuilder to set up engineering institute to train future yard and port workers.
Six rescued in Sea of Japan Latest recovery brings to 11 the number found alive since Russian timber carrier with crew of 18 sank on Monday.
BLT sets IPO price Singapore offering raises SGD184m as Indonesian tanker owner prices shares at SGD0.32 each.
Siem signs for six Kleven Werft wins $475m order from fellow Norwegian owner Siem Offshore for six plus six AHTS units.
Greece to tender ports contracts Cosco and China Shipping could bid for operational deals at Piraeus and Thessaloniki.
Arlington ups divvy US-listed Stena tanker spin-off improves payout to shareholders but costs cut back profits.
ICTSI inks $120m "war chest" Philippine container terminal operator says new funds will facilitate its ongoing expansion.
Siem Offshore orders 6+6 at Kleven Siem Offshore, based in Kristiansand, Norway, has ordered six - with options for another six - design VS 491 CD anchor handling ...
Grimaldi proceeds with Finnlines-offer Grimaldi Compagnia di Navigazione S.p.A. has decided to make a voluntary public tender offer to acquire all shares in Finnlines ...
Unity Line stays in Ystad so far There have been speculations in Polish newspapers about Unity Line leaving the port Ystad and moving its traffic to Trelleborg ...
Port confirms Clean Air timetable California ports shaking off criticism as emissions controls poised for approval.
Aegean under scrutiny in Jamaica Supplier caught up in opposition call for investigation into government contract deal.
Law firm warns on fuel disputes High bunker prices tends to fuel more disputes and arrest for unpaid bills, law firm observes.
Charterers wary of bunker quality disputes Charter parties note increase in shipowner claims relating to bunker quality.
Funding approved for Solar I oil removal IOPC set to give formal approval on Friday to fund operation to pump out bunker fuel onboard sunken tanker.
Rotterdam market firms
Hong Kong bunker market upbeat despite avails constraints Acute supply shortages occur periodically due to repeated delays in cargo arrivals, insufficient storage capacity.
Fuel-laden tanker runs aground The Philippine Coast Guard sends divers to conduct underwater inspection.
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