Keppel O&M eyes more deals with Gulf Drilling DELIVERING its first jack-up drilling rig of a two-rig contract to Qatar's national drilling company Gulf Drilling International on Friday, Keppel Offshore & Marine is eyeing repeat business with its newest customer as its yards worldwide remain busy with 29 jack-ups in various stages of construction.
Persian Gulf tanker rates seen falling THE cost of shipping crude oil from the Middle East to Asia on two-million-barrel oil tankers may fall to a seven-month low as mild US weather and reduced Opec production curb tanker demand.
OOIL cashes in with American ports sale ORIENT Overseas (International) Ltd has sold its North American port assets to a Canadian pension fund at a price that left analysts gasping.
New price benchmark bodes well for DP World asset sale plans DUBAI group DP World should receive well above the asking price for its US terminal assets now a new benchmark has been set for port valuations.
GL looks for white knight to scotch BV's takeover plans GERMANISCHER Lloyd, the embattled German classification society, is looking for alternative bidders beyond the takeover offer from Bureau Veritas and the interest voiced by US investor Cerberus and German technical services group Dekra.
Karachi-Dubai cruise dream shatters THE Karachi-Dubai cruise service launched with a great fanfare on 7 November has hit snags, only shortly after the first five-day voyage
GL's review of BV offer 'next week' Germanischer Lloyd's executive board is set to finish its examination of the takeover bid by Bureau Veritas next week, GL said on Friday
New shape for banana group The banana group Jamaica Producers is pinning its future expansion in part on increasing its fruit and freight cargo movements
News Analysis: Terminal owners anticipate cash bonanza following world record OOIL terminal deal Terminal owners the world over are today "rubbing their hands in glee" according one ports analyst following what was a "knock-out" price paid for the North American terminals belonging to Orient Overseas (International) Ltd.
Updated: OOIL to gain US$2bn from North America terminal sale Orient Overseas International Limited is selling its four North America terminals to a Canadian pension fund for US$2.35bn, netting it a massive estimated profit of US$1.98bn.
Investors fear constraints on Moby Dik could stunt St Petersburg growth
CI's two year forecast paints a bleak picture for carriers
CONCOR announces off-peak rate reductions on rail cargo
News analysis: Russian infrastructure needs to face up to sobering challenge of quadrupling St Petersburg volumes
Improved productivity is aimed at filling JNP's revenue gap
Correction: COSCON's Yantai-WCNA loop calling at Oakland, not Auckland
ITF goes bananas over Ecuador saga Federation lashes out at South American presidential hopeful for apparent interference in postponement of meeting.
Tsuneishi in merger move Japanese shipbuilding group to form holding company for ten subsidiaries as key survival strategy.
Canary Islands eyes Morocco line Spanish outpost planning ferry link between Fuerteventura and African mainland.
Pakistan to retain KSEW Privatisation of Karachi shipbuilder scrapped, according to boss Iftikhar Rao.
Murder on high seas Indian chief officer brutally killed and Russian stabbed to death add to mounting toll.
Hellenic ready for more Greek ferry operator adds ship from Japan while earmarking EUR 200m for fleet renewal.
In Open Waters Lloyd Fonds set to launch industry's first ever open-ended mutual fund as firm picks up Clipper ships.
Chasing youth Lloyd Fond's onetime 'young gun' looks to appeal to the next generation with new mutual fund.
Garware plays long game Indian owner wants 14 new offshore ships by 2010 as oil and gas exploration booms.
St Petersburg yards not for sale UIC will press ahead with merger of Baltiisky Zavod and Severnaya Verf despite offers to buy them.
Sunken ship leaks off Philippines Minute amount of bunker fuel reported leaking from timber carrier which sank on Wednesday morning.
Chemoil returns Top bunker supplier slashes size of offering in second attempt at listing on Singapore exchange.
Vinalines splashes out Vietnamese shipowner to spend $100m on new berths at Cai Lan port.
Ng family laps up Jinhui stock Holding company seemingly reverses strategy and picks up new shares in shipping subsidiary.
Negligence caused toxic slops tragedy Ivory Coast government report blames own agencies and private companies for dumping deadly waste from Probo Koala.
OOIL sells terminals Canadian pension fund takes North American terminals off Hong Kong owner's hands for $2.35bn.
Opec output up a fraction Oil exporting cartel adding equivalent of suezmax cargo a week in month to 9 December.
CH Offshore offloads oldie Undisclosed buyer pays Singapore shipowner just over $6m for 1982-built tug supply vessel.
B+H seeks funds US owner appoints advisers for private placement of a new unsecured bond loan of up to $60m.
Bakri inks offshore ships Saudi Arabian owner orders seven ships worth $70m in Malaysia with promise of more to come.
Dual classification of Russian Arctic tankers Lloyd's Register and Russian Maritime Register of Shipping are jointly going to class two 70,000 DWT ice strengthened double-acting ...
Maersk Container opens its third factory Maersk Container Industri (MCI) has opened its second container factory in China. MCI has purchased an older factory in the ...
Ports detail $180 million cold ironing plans Los Angeles and Long Beach planning extensive infrastructure work to reduce hotelling emissions.
Philippines shrugs off minor bunker spill Bunker leak from ship that sunk this week not worrying officials, Solar I siphoning rescheduled to February.
Platts ruffles Rotterdam fuel oil market Pricing agency defends new policy, pointing to late loading in fuel oil deals.
ENOC Bunkering relocates sales and management team Sales and management team moves to Dubai head office.
Chemoil re-launches Singapore IPO Marine fuel supplier sets lower share price in new prospectus.
IMO ready to tighten up MARPOL Annex VI definitions Sulphur limits are being made more precise while BDN requirements will help operators calculate fuel changeover times.
Still some barge congestion in Rotterdam
ENOC passes up on acquiring four bunker tankers Dubai Drydocks looking for new buyers for the four 6,100 dwt bunker tankers.
Hong Kong hopes for higher demand dashed Hong Kong sees little demand overflowing from vessels unable to secure bunkers from a tight Korean market.
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