China Cosco to buy dry-bulk fleet for US$4.6b China Cosco Holdings Co Ltd will buy its parent's dry-bulk shipping fleet for US$4.6 billion, making it the world's largest transporter of resources as Chinese demand for raw materials soars.
Cooperation reached on safety in Malacca Strait South-east Asian nations have agreed to an 'historic' cooperation mechanism to help improve safety in waterways which are vital to world trade, officials said yesterday.
Strait Talk
Automation at sea: proceed with care THE latest issue of the International Maritime Human Element Bulletin, Alert, features a delightful cartoon. A female ship's captain is sitting at bridge console that would not look out of place in Star Trek. Through the bridge windows, we can see that it is either snowing or raining heavily - in any case, visibility is restricted.
China Cosco to buy dry-bulk fleet for US$4.6b China Cosco Holdings Co Ltd will buy its parent's dry-bulk shipping fleet for US$4.6 billion, making it the world's largest transporter of resources as Chinese demand for raw materials soars.
Cooperation reached on safety in Malacca Strait South-east Asian nations have agreed to an 'historic' cooperation mechanism to help improve safety in waterways which are vital to world trade, officials said yesterday.
Strait Talk
Automation at sea: proceed with care THE latest issue of the International Maritime Human Element Bulletin, Alert, features a delightful cartoon. A female ship's captain is sitting at bridge console that would not look out of place in Star Trek. Through the bridge windows, we can see that it is either snowing or raining heavily - in any case, visibility is restricted.
German banks up borrowing cost for shipowners BANKS hit by US crisis increase the cost of borrowing for shipowners negotiating newbuilding contracts.
Bankers see little risk of credit crunch for shipping
Calls to share cost of Malacca Straits safety IMO urges users and stakeholders to share the cost of funding projects aimed at boosting safety in the strait.
'A great day for Panama': $5bn expansion blasts off THE expansion of the Panama Canal - possibly the most influential infrastructure project in shipping - has started with a bang.
Panama sets out on a new path THE expansion of the Panama Canal will reconfirm its importance as a vital route and reduce the costs of world trade.
More Rotterdam draws a firm line on gridlock THE problems afflicting the Benelux ports can be eased with co-operation from participants on all sides of the industry.
Repsol dumped from LNG project Sonatrach, the Algerian state oil company, has abandoned a €5.2Bn ($7Bn) LNG project involving the Spanish energy companies Repsol YPF and Gas Natural
Migrant Watch: US/Caribbean THIRTY-ONE Dominican migrants were saved over the weekend thanks to the vigilant crew aboard the Greek-flagged tanker Cap Diamant
Santos baulks at expansion cost THE Association of Brazilian Liquid Bulk Terminals has looked at three plans for expansion and decided it wants the cheapest one
Manila bidding forced open PHILIPPINE Ports Authority had been ordered to release the privatisation documents for Manila North Harbour
Hurtigruten share plan moves on THE Norwegian passenger shipping company has established a consortium to guarantee that a share issue will be subscribed in full
Lanka appeals for aid ships COLOMBO is seeking two more merchant ships to take cargo to the northern Jaffna peninsula, which remains cut off as Tamil Tiger rebels control the land route
Havyard Maritime buys Skipskonsult Norwegian designer of offshore vessels, Havyard Maritime, as bought 75 per cent of fellow ship designer Skipskonsult for NOK 13 ...
EMSA sends assistance to Gibraltar EMSA's (European Maritime Safety Agency) emergency oil spill response ship Mistra Bay is on it's way to Gibraltar and ...
Wilhelmsen to acquire Callenberg Group Wilhelmsen Maritime Services (WMS) is to acquire the Swedish maritime service provider, Uddevalla-based Callenberg Group for SEK 367 million net ...
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