Shanghai Port shares gain 3.3% on market debut SHARES in China's biggest port rose 3.3 per cent on their Shanghai Stock Exchange debut yesterday, as investors bet the stock would become a key infrastructure play after it bought a cargo services unit in a US$1.1 billion deal.
CIMC's Q3 earnings jump 39% on strong sales CHINA's CIMC, the world's biggest maker of shipping containers, said yesterday that third-quarter earnings jumped 39 per cent as increased sales offset a fall in profit margins.
Admiralty Casebook
Ship not responsible for gangway height A SHIP receiving a pilot boat is not responsible for ensuring that its gangway is lowered to a safe height.
Shanghai Port shares gain 3.3% on market debut SHARES in China's biggest port rose 3.3 per cent on their Shanghai Stock Exchange debut yesterday, as investors bet the stock would become a key infrastructure play after it bought a cargo services unit in a US$1.1 billion deal.
CIMC's Q3 earnings jump 39% on strong sales CHINA's CIMC, the world's biggest maker of shipping containers, said yesterday that third-quarter earnings jumped 39 per cent as increased sales offset a fall in profit margins.
Admiralty Casebook
Ship not responsible for gangway height A SHIP receiving a pilot boat is not responsible for ensuring that its gangway is lowered to a safe height.
Hanjin redelivers panamax boxships HANJIN Shipping is offloading up to eight panamax containerships that it has had on long-term charter for several years.
Anger as master faces 10 years for quayside accident A GERMAN master jailed in the US and awaiting sentence of up to 10 years after a quayside worker was killed in an accident has become the focus of growing industry anger over the criminalisation of seafarers.
Rokia Delmas: salvors to remove bunker oil Salvors expect today to begin removing the 560 tonnes of bunker oil aboard the CMA CGM ro-ro containership Rokia Delmas , which has been grounded near the island of R' off the French Atlantic coast port of La Rochelle since early Tuesday morning, writes Andrew Spurrier in Paris .
Sembawang grabs drillship upgrade SEMBAWANG Shipyard has scored a goal against Pan-United Marine by winning a S$30m ($19m) upgrade to the Neptune Explorer drillship, write Martyn Wingrove and Marcus Hand.
Chunnel operator's new debt solution CHANNEL tunnel operator Eurotunnel yesterday presented its creditors with a new "simple, balanced and realistic" plan for restructuring its £6.2bn ($11.7bn) worth of debt.
EMEC supports equivalent standards BRUSSELS 26 October - Mutual recognition of equipment gives class societies "the possibility of setting the highest safety standard for their certificates", believes the European Marine Equipment Council (EMEC), in contrast to the International Association of Classification Societies
FAT chance for Brazil's cash crisis A CASH injection worth $500M from a workers' pension fund tackles the 'cash shortfall' that is hindering Transpetro's $2.1Bn, 26-vessel, fleet renewal pogramme
LR's revenues boost LLOYD'S Register's marine revenues grew by 16% in the year to end-June, compared with the previous year, its annual report, published today, reveals
Korea predicts strong dry bulk market THE last quarter of this year will see a very strong market for dry bulk shipping, Korea Maritime Institute predicts in its Shipping Market Forecast issued today
Bibby bids for prison ship business BIBBY Line is one company planning to answer the UK government's call for ships able to accommodate prisoners
BIMCO sets out pollution policy BIMCO warned yesterday that measures taken to reduce air pollution from ships should "protect the environment without disrupting international trade"
SIPG shares show comparatively slow gain on Shanghai exchange debut Shanghai International Port Group saw its share price increase slightly, by 3.3%, on the first day of its listing on the Shanghai Stock Exchange, to RMB3.79 (US$0.48).
Private Indian rail operations stalled as Industry Ministry highlights legal snag India's Industry Ministry has questioned the move to award licenses to private rail companies without amending the existing law that "mandates" only public sector undertakings to operate container trains.
European Parliament tells Commission: "Come and get your money"
Leaking container closes Brisbane terminal
Lightering of Rokia Delmas' fuel and sea water from engine room to start Friday
South Korean think-tank expects static Q4 rates on major trades
Peak season effect and regulations revitalise China-Japan trade
PAN's Boomerang won't come back
Rotterdam refinances infrastructure investment
Aker Yards container sector facing weaker outlook
Steady Q3 growth for CPR intermodal
International cargo drives Norfolk Southern intermodal business
Losses lash ISC Alabama-bound International Shipholding is losing money on its Lash ships and "evaluating strategic options".
$64.8m? And so what? Great steaming mounds of net profit earn an "in line with expectations" yawn from Marc Saverys's CMB.
Russian merger freeze Plans to bring Sovcomflot and Novoship together run into ministerial opposition.
Good times for LR And it has not been such a bad time for classification society chief David Moorhouse either.
Slump for Solvang Norwegian gas carrier player improves rates again, but nine-month financial income fails to match 2005's.
Duo held in Canada Regal Agencies multipurpose and Hachiuma VLOC failed safety checks in August.
Braemar yards ahead Heavy newbuilding activity in Far Eastern yards spells double delight for London shipbroker.
VLCC sales continue Euronav sells Savoie for $40m more for than it paid for the tanker three years ago.
'Just a late spring clean' Goodwill impairment charge which led to drop in first-half earnings simply an ideal opportunity to tidy up for Braemar Seascope.
Kirby breaks new ground US barge owner has another record set of results to brag about in first three quarters.
Samsung nets record order Korean yard signs for $615m drillship in country's biggest ever single newbuilding deal.
Bumpy patch for Aker Yards Norwegian shipbuilding giant hit by French yard over-capacity and ro-ro delays in third quarter, but overall profit trend is up.
SCI soars in second Indian state shipowner bags big profit jump in second quarter as revenues rise.
Braemar down under First-half result hit by goodwill impairment charge resulting from lost earnings from Australian dry cargo operation.
Tampa in drug sting Wilhelmsen ro-ro caught in 2001 refugee standoff has been used to smuggle cocaine into Australia.
Offshore boosts Transatlantic result Swedish Transatlantic reports a SEK 142 million pre-tax profit for the first nine months. All three divisions show a ...
Board of Finnlines considers Grimaldi-offer too low Grimaldi Compagnia di Navigazione S.p.A. has made a voluntary public tender offer for all shares in Finnlines Plc. Grimaldi, which ...
Scandlines sale coming closer Scandlines is very close to being sold, according to several press reports in Denmark. Two buyers have given their final ...
US East Coast avails tighten Resupply delays seeing firming prices as suppliers adjust numbers upwards.
Oil majors' profits swoop and soar Exxon posting record returns, while Shell feeling pinch of lost production, and BP strong despite refining issues.
Shipowners facing multiple risks in fuel purchasing Experienced US-based brokers set tone for Bunkerworld's New York forum with critique of new bunker landscape.
IBIA speaks out against 'simplistic' IMO proposal IBIA sides with IBC on multifaceted shipping emissions approach, objecting to INTERTANKO's radical distillate proposal.
ICS pleads for workable MARPOL Annex VI revisions Submission to IMO says reducing emissions from ships will require range of achievable measures, including SECAs and proven abatement technology.
Prompt supply at discount in ARA market
Singapore: Residual fuel stocks below 10 million barrels Stocks of residual fuels at lowest levels since December 2005, middle distillates up.
SPC posts 78% drop in net profit Profit falls on weak refining margins and crude oil prices.
Titan opens new multi-million oil terminal in China Nansha oil storage terminal is the largest independent facility in southern China, costing more than $250 million.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
