CSCL plans Shanghai listing to fund fleet expansion China Shipping Container Lines Co (CSCL) aims to list in Shanghai before the end of 2007 to buy container assets from its state parent and to fund a 44 per cent fleet expansion by early 2012, a senior executive said.
STX bags US$220m deal from French firm STX Shipbuilding Co's unit won a US$220 million French order to build a facility for making and laying underwater pipes, part of the South Korean shipbuilder's strategy to enter the oil and gas business as crude prices soar.
Record profit in Sept for Daewoo Shipbuilding Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, reported a record profit in September, boosted by an increase in orders and prices for vessels to move fuel and consumer goods.
Three ports kick start US nuclear screening scheme SOUTHAMPTON Container Terminals, Pakistan's Port Qasim and Puerto Cortez in Honduras begin box checks.
Singapore seeks US rethink on box scanning
Berlian Laju swoops for Chembulk Tankers BUY worth $850m will make it the third largest chemical tanker owner in the world.
Canadian docker union leads security rules battle UNION hangs tough on human rights issues in battle with authorities over new security clearance regulations.
Emergency response can be a titanic task PROFESSIONALISM and good communication may not be enough when disaster strikes at sea.
Sailing into the unknown NO one knows what will happen to container freight rates once lines' antitrust immunity is removed.
Fire on Stena ferry High-speed passenger ferry Stena Voyager has docked in Belfast, to be surveyed by the UK's Maritime and Coastguard Agency, after completing its route from Scotland with a fire in the engineroom
Daewoo delivers daring Q3 round Daewoo Shipbuilding has recorded a turnover of W4.9 trillion ($5.4bn) for the first nine months of 2007
Not guilty, cry freight forwarders FREIGHT forwarders in the US and Europe accused of anti-competitive surcharges are protesting their innocence as investigators have raided offices on two continents
Ukraine gets stake in Gdansk UKRAINIAN steel and metallurgy group Donbas is understood to have had a long-held wish granted with approval to buy up to a 75% stake in Gdansk Shipyard
Big borrowing to pay off for Prisco MODEST gains in revenue and a drop in net income have been disclosed for 2006 by Primorsk Shipping Co, but a new report predicts that a fleet expansion programme should lift revenues and profitability
Global shippers' forum launched A WEBSITE designed to provide a global forum for shippers has been launched in the UK
Trade community wants Customs to answer questions about 10+2 filing Brokers want answers to critical questions as agency prepares final draft of new advance filing initiative.
Cadets to board OSG Overseas Shipholding Group signs first-ever agreement with the US Maritime Administration to put maritime academy cadets on foreign-flagged ships.
Down on tankers Analyst drops earnings forecast for Teekay and Overseas Shipholding Group as sector rates are expected to continue downward trend.
Ferry blaze kills four Police are investigating a fire that left four dead and four injured on a Malaysian ferry.
Fire on Stena vessel Surveyors to board high-speed craft in Belfast after blaze breaks out in engine en route from Scotland.
Three scan for nukes Ports in Pakistan, United Kingdom and Honduras are first to go online in US Secure Freight Initiative.
Havila buys again Oslo-listed offshore player takes orderbook to 13 units with the $48.3m addition of a new platform supply vessel.
FreeSeas wants money US-listed bulker owner makes a grab for equity with an offer of 10 million shares.
Tax tonic for PGS Norwegian owner could book $150m in deferred assets in third quarter.
Davie to build well duo Canadian shipyard secures order for two offshore ships from Norwegian owner.
Maersk hikes Atlantic rates Cost of shipping teu of goods from US East Coast and Gulf to Mediterranean shoots up $400.
Wizard of Oz Union boss, Paddy Crumlin, hails ratings levy and claims Filipinos now earn more than some Australians.
Shun Tak frozen out Hong Kong ferry operator expects profits to suffer after being denied right to berths at new terminal.
Third man guilty of yard theft Danish court convicts painter of pinching materials from Odense Steel Shipyard.
Daewoo hits new record South Korean shipbuilder returns highest monthly figures since 2001 split with Daewoo Heavy Industries.
It's a knockout One bidder left standing in race to own controlling stake in Bulgaria's Navibulgar.
Acciona in highway bid Spanish owner thought to be among front runners for first EU maritime highway contract.
Greenpeace in paper chase Environmentalists block Swedish ro-ro from unloading cargo of Canadian "virgin forest" paper in Holland.
Chantiers libel case booted out Website editor in the clear after publishing union statement on worker treatment at French yard.
BLT confirms Chembulk deal Sellers set to double their money after Indonesian owner agrees to pay $850m for US competitor.
GE takes two at STX Indian owner Great Eastern Shipping signs for a pair of kamsarmazes at South Korea's STX Shipbuilding.
Frenzel's vote of confidence Board likely to extend chief's reign at tourism and boxship group TUI, despite pressure from new investors.
Gustaf Erikson partial owner in new vessel Oy Langh Ship Ab has sold its dry cargo vessel Christina to the new Mariehamn-based company Rederi Ab Ting', which is partially owned by Rederiaktiebolaget Gustaf Erikson. The vessel will change to Gibraltar flag and will be renamed Ting' ...
Doris' first mate says Skarbak reckless Even though the chemical tanker Doris should have given way to the fishing boat Skarbak to avoid the fatal collision last week, taking avoiding action would almost certainly have caused a collision, according to captain Trygve Bekken and first mate ...
Marinvest adds two to tanker newbuilding quartet In spring 2004, Swedish tanker operator Marinvest ordered four 75,000 DWT product tankers from Brodosplit Shipyard in Croatia. Two vessels, Maribel and Marilee, are delivered and number three, Mari Ugland, has been launched, christened and delivery is expected in Q1 ...
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