DP World share offer 15 times subscribed Dubai sold US$4.96 billion of shares in port operator DP World at the top of indicative prices, valuing the world's fourth- largest container handler at US$21.58 billion in the Middle East's biggest initial public offering (IPO).
Global cargo gauge flags record economic growth A gauge of global cargo demand is signalling record- breaking economic growth even as US imports slow, suggesting that emerging powerhouses China and India are pulling enough weight to counterbalance a downturn in the world's biggest economy.
Cosco to sell containers to Austrian firm Cosco Pacific Ltd, Asia's third-largest container-terminal operator, agreed to sell sea-cargo boxes to Austria's SLI Dritte Verwaltungsgesellschaft mbH & Co KG for US$194.7 million to fund other investments.
H&W agrees recycling partnership HARLAND and Wolff has entered into a collaboration to offer recycling services for European ships
CBP unbends the rules on cruise US Customs & Border Protection has proposed stricter rules for foreign-flag cruise ships sailing predominately US itineraries
Jamaican flag dreams in millions JAMAICA is intent on amassing 1M GT in its ship registry by 2010, according to the country's new minister of Transport and Works
Petro-Canada in panic at St Pete PETRO-Canada petitions Russian gas giant Gazprom for a decision as it procrastinates over a new LNG plant and tanker terminal near St Petersburg
DP World IPO oversubscribed The stock offering, priced at the top of its indicative range, will capitalize fourth-largest terminal operator at $21.6 billion.
Japan-U.S. trade gap shrinks
Rotterdam ups harbor dues
No German rail strike for now
Nehru wants DP World to handle transshipments
British Airways to expand Heathrow perishables
New box station for Cochin
NYK inks China ore deal
Trade pact for Japan, ASEAN
'K' Line files FMC complaint against shipper groups
Danes slam hijacked master Maritime authority says captain didn't do enough to protect his crew before pirates boarded the ship in June.
Bendtsen hoists Danish flag Denmark's shipping minister tells TradeWinds Maritime Outsourcing Forum that the country is ready to challenge London and other cities as a global shipping centre.
More pain for SembCorp French bank BNP Paribas wants payment for forex losses run up by Singapore yard's sacked finance chief.
'Not a casino boat' Discovery Cruise Line issues a statement contradicting media descriptions of the company as running a casino boat.
Sinotrans hits top gear Hong Kong IPO valued at $1.42bn after bulker owner sets final offering price.
Sembawang wins conversion work Singapore yard to turn up to six ferries into offshore accommodation ships for Equinox.
Ruias rampant Essar brothers seventh on India's rich list ' topped once more by steel tycoon Lakshmi Mittal.
Washington pulls ferries Aging ferries serving Washington state's islands are pulled from service after sistership shows hull damage.
Smit swells forecast Rotterdam-based group predicts 35% rise in annual profits.
Hess vows to appeal The company proposing an LNG terminal in Massachusetts plans to appeal the US Coast Guard's rejection of the Weaver's Cove LNG terminal.
No mistakes for Westgarth Teekay Maritime Services president tells TradeWinds Maritime Outsourcing Forum that emphasis must always be on quality.
Lund looks up First Olsen banking on improved fourth quarter following the departure of the Bulford Dolphin drilling rig.
Belief strong at Bottiglieri Boss Mariella Bottiglieri bets money on post-panamax newbuildings ahead of Panama Canal widening.
Only OSG, judge rules Delaware judge overturns ruling that allowed another company to conduct vessel-to-vessel lightering in the Delaware Bay, the protected turf of an OSG subsidiary.
Judge orders Busan arrest US federal judge issues an arrest warrant for the Cosco Busan over San Francisco Bay bunker spill.
DP World IPO worth $4.96bn UAE port operator sets Middle East record after bumping up offering due to increased demand.
Morel gets tough InterManager chief wants shipmanagers to sign up to ethics code from 1 January, following revelations of shady practices.
Echevarria a big German fan Boxship players NSC's success could not have happened without KG system and tonnage tax, boss tells TradeWinds.
Ocean working harder Norwegian offshore owner sees profits increase due to higher fleet utilisation.
Cosco's box bonanza Hong Kong-listed company nets $194.7m from the sale of several thousand containers.
Nordic mulls share issue Speaking at TradeWinds Maritime Outsourcing Forum, Danish tanker owner's Flemming Sorensen says stock sale on the cards next year.
Fair enough Lauritzen's Torben Janholt launches defence of bulker pools that have swamped Danish owners in cash.
NCL's numbers red Norwegian Cruise Line parent posts an $8.59m loss after suffering losses on foreign exchange rates on euro debt.
More to Singapore Success as shipping hub not just about tax incentives, Singapore Maritime Foundation's Dato Jude Benny tells TradeWinds.
Willingale reaches out V Group director says shipmanager's broader strategy is to link up with partners for new business.
Election gets Hansen's vote Danish Shipowners' Association bigwig says snap poll bodes well for country's marine industry.
Three rescued from Kamyust-1 Russian crew saved from cargoship that went down in Caspian Sea storms, but nine still missing.
Color Line sells Color Festival ' and close down route Norwegian Color Line has sold the Color Festival, built in 1985, to Medinvest SpA (Corsica Ferries). The price tag is EUR 49 million. The Prinsesse Ragnhild, which today traffics the Vestland service, is to replace the Color Festival on the ...
V.Navy in green recycling project Harland and Wolff Heavy Industries and Golder Associates will together with V.Navy provide a full-service, environmentally sound and socially responsible ship recovery and recycling service in Belfast. The services will be available to both commercial- and military ships. ' For ...
First new Sundbus arrived at Helsingør The first of the new passenger vessels to Ace Link (the former Sundsbussarna) has finally arrived at Helsingør. The ship, Simara Ace, arrived yesterday from Gdansk, Poland, where it has been built by Remontowa over a period of more than ...
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