China Merchants plans new 3.5b yuan terminal China Merchants Holdings (International) Co, owner of stakes in the country's five largest container ports, plans to spend 3.5 billion yuan (S$679 million) to build a multi-purpose terminal for bulk cargo and containers in Shenzhen, chairman Fu Yuning said.
Asian Terminals gets 25-year extension LISTED Asian Terminals Inc (ATI) has been granted a 25-year extension to its contract to manage and operate the state-owned South Harbour terminal in Manila. ATI, controlled by Dubai's DP World, has been operating the terminal since 1989 when it was awarded a concession by the Philippine Ports Authority (PPA).
Keppel unit delivers AHTS vessel to Gulfmark KEPPEL Singmarine has delivered another offshore support vessel on schedule to Gulfmark Offshore Inc. Sea Cheyenne, an anchor handling tug/supply (AHTS) vessel, will be deployed in Vietnam. She was christened last Saturday by Mrs Rex Carroll Ross, wife of Rex Ross, director of Gulfmark. The vessel is an in-house design by the Marine Technology Development division, a technology arm of Keppel Offshore & Marine.
OSG hit by rate dive OVERSEAS Shipholding Group logged sharply lower profits as third-quarter rates fell steeply in the VLCC sector
Polish ferry in Baltic collision THE Polish ferry Galileusz, which operates between Szczecin and Trelleborg, was in a collision with the German TT-Line owned Nils Dacke on Saturday
Supreme Court takes Valdez case THE US Supreme Court will rule on Exxon Mobil's appeal against the record $2.5Bn damage award stemming from 1989's Exxon Valdez spill
Navios sells ships in surprise IPO NAVIOS Maritime Holdings will spin off a publicly listed Master Limited Partnership that will initially own seven of its vessels, with further acquisitions planned
Project shipping facing labor shortage The engineering, procurement and construction industry is facing such a worldwide shortage of skilled labor at all levels that firms are in a "war for talent."
Oceanex boosts profits Canadian owner sees third quarter returns improve despite its smaller fleet.
Damages hike nixed The US Supreme Court throws out an appeal by Exxon Valdez plaintiffs seeking to restore damages to $5bn.
ASRY chief arrested Chief executive, Mohamed Alkhateeb, suspended and commercial director held in corruption probe.
Cubans jump ship A quartet of Cuban crewmen jump Greek-owned Dimitra G as the ship is detained in Canada.
Two missing off China Search continues for crew of handysize bulker which capsized off Shandong province with 21 others rescued.
Back in black Chilean liner company CSAV reports third-quarter profits at $61.2m in the black, turning around the $111m loss in the same period of 2006.
Rothwell eyes Carroll coalition The battle for control of ICG takes another twist following rumours Aella is looking to team up with leading shareholder, Liam Carroll.
Another day in court US Supreme Court has agreed to hear ExxonMobil's case over record punitive damages in the Exxon Valdez case.
Navios unveils IPO Greek bulker owner goes to Wall Street with a $241.5m initial public offering for Navios Maritime Partners.
Dragon banks roaring returns Increased assets fire CSSC to a six fold increase in third quarter profits.
Acquisitions hurt Tallink Full-year profit drops at Estonian ferry owner as it takes one-off restructuring and integration hits.
Cost cutting saves Samudera Indonesian shipping line bags vastly increased third-quarter profit despite revenues being on the wane.
Teco sold at last Parent of US barge operator Teco Transport Corp says net proceeds of sale to private equity group up to $380m.
Seaspan suffers in third quarter Big spending owner records third quarter loss of $38.6m despite positive nine month showing.
SembCorp takes PLS stake Singapore-listed shipbuilder splashes out $19.97m for slice of emerging Indian yard.
ITF in Norway push Federation to crank up pressure on Norwegian owners to join global pay talks.
UK Club seeks 17.5% Surging P&I claims leads top club to hit members with biggest increase since 2004.
SCI takes a hit State-owned giant Shipping Corp of India sees revenues and net profit dwindle in the second quarter.
Jinhui buys again Bulker specialist adds panamax newbuilding to its bulging orderbook.
Who's in for 10 at Mipo? Korean builder Hyundai Mipo Dockyard mum on identity of European owner which signed for bulkers at $479m.
Slow progress for NYK Japanese giant NYK Line remains bullish about full-year result as second quarter shows modest increase.
Two dead, 6 missing off Denmark Search continues for master and five crew of Turkish vessel which capsized off island of Falster.
Laeisz goes green Hamburg owner inks deal for six environmentally friendly boxships.
GO clears Tartsinis Greek owner Go Carriers says "private misunderstanding" behind CEO payments and defends director exit.
Six missing after ex-Danish coaster capsized ' two found dead The Slovakia registered coaster Omer N capsized late Sunday afternoon south of the Danish island Lolland. The cause is unknown and weather conditions were fairly good. Three of 11 crew members were rescued by the Russian cargo vessel Sormovskiy ...
IGP&I pool claims highest for 15 years A hefty rise in P&I claims across the shipping industry are making heavy demands on the International Group of P&I Clubs' (IGP&I) Pool. The IGP&I envisaged record payout of more than USD 550 million by the ...
Russia could abolish visa need for tourists The Russian parliament will consider a proposal to let foreign turists visit Russian port cities for 72 hours without visa. The proposal includes both cruise and ferry passengers. The motion, if carried through, will open up for ferry services between ...
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