China Cosco to invest 20b yuan in dry-bulk ships China Cosco Holdings Co Ltd, which is buying its parent's dry-bulk shipping assets, said the target firm will spend more than 20 billion yuan (S$4 billion) in the next three years to buy new ships, expanding its capacity by nearly 20 per cent.
Orascom seeks to sell container port business Orascom Construction Industries, the largest cement maker in the Middle East and North Africa, may sell its container port business at the southern entrance of the Suez Canal for about US$1 billion.
Hawaii ferry sits idle amid protests, rulings A giant twin-hulled ferry designed to transform transportation between the Hawaiian Islands for tourists and residents made its maiden voyage on Aug 26.
Carnival, TUI scuttle German scheme JUST as Carnival Corporation confirmed its Spanish joint venture (see below), the cruise giant revealed that its proposed German venture with TUI is dead
Sonatrach pushes into Spain BARELY 48 hours after killing an LNG contract with Spanish interests, Algeria's Sonatrach is trying to buy into Spain's main petroleum and bunkering company
MidEast chemical bonanza predicted Shipping will benefit from a massive cost-driven relocation of the world's chemical industries to the Middle East, it was claimed in Dubai yesterday
Carnival finalises Spanish jv CARNIVAL Corporation has sealed agreements for its previously announced Spanish jv with Iberojet, to be called Iberocruceros
"Spill-and-run" ship hunted CLEAN-UP continues today of an oil field off Puerto Rico's southwest coast and the Coast Guard is still looking for the party responsible for the mess
USCG mobilises in Nawiliwili THE US Coast Guard is preparing to run the gauntlet of protesters in Hawaii so as to guarnantee passage of the ferry Alakai
Ulstein's Island Offshore dispose of vessels at a profit Morten Ulstein's family company Island Offshore sold a platform supply vessel (PSV), type UT 712L, to Farstad Shipping for NOK ...
Ferries companies warns against costly fixed link The ferry companies organised in Bilfærgernes Rederiforening has started a campaign against the latest bridge planes in Denmark. During the ...
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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