Orient Overseas H1 operating profit falls 27% Orient Overseas (International) Ltd, Hong Kong's largest container line, said first-half operating profit fell 27 per cent after it paid more for fuel and earned less interest from its cash holdings.
OOIL quashes talk of bid for Hapag-Lloyd Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) yesterday dismissed speculation that it was bidding for TUI's Hapag-Lloyd operation, saying a weak market put it off an acquisition potentially costing more than US$6 billion.
US ups training to boost Arctic presence The US Coast Guard is conducting exercises to test how its ships and aircraft fare in the Arctic, where sea ice is melting and creating access to undersea oil fields sought by many countries.
Port Hedland channel clear after bulker refloated QUICK response after Iron King runs aground clears shipping channel at Australia's biggest iron ore port.
Mining interests dig in over infrastructure access
Precious paints rosy outlook for dry bulk THAI handysize specialist's chief says prospects in the next 12 months may match boom years of 2005 and 2007.
Squeeze chokes Hamburg box growth VOLUME growth at Hamburg's box terminals has weakened to 3.8% in the first six months, down from 14.3% in the first half of last year
42 hurt on cruise ship off NZ FORTY-TWO passengers were reported injured when the P&O Cruises vessel Pacific Sun rolled sharply as it was buffeted by a severe storm overnight near New Zealand
Stella Maris 'progress' seen THE COMPANY that was managing the hijacked Stella Maris saw progress today towards release of the bulk carrier and its crew
Seaspan touts capital access SEASPAN continues to strengthen its financial position to fund growth, which analysts believe will set apart the box ship leasing giant
GenMar weighed by hedges TANKER operator General Maritime reaped higher rates but reported lower net income as a result of its derivative positions
OOCL profit edges up in first half But company warns that the second half of the year would be 'considerably more challenging' on higher capacity and fuel costs, slower growth.
Lawsuits filed against LA-Long Beach port truck plans
Panel: Halt Mexican trucks
House Dems say TSA should screen foreign cargo
"K" Line back in Portland
Miss. River re-opened
Byrd preps stimulus bill with transportation funding
FMC meets Aug. 6
Kuehne & Nagel chairman to step down, tabs successor
Adeus Rio Building consortium Rio Naval pulls nine-tanker Petrobras order out Rio de Janeiro yard.
Looking better After General Maritime beats estimates, Cantor Fitzgerald analyst raises forecast for the rest of the year.
Bard luck Both tankers faulted for Singapore Strait collision in report hampered by one side's silence and the other's failure to provide urine test results.
Parana problems Wah Kwong Shipping's panamax Cemtex Venture is re-floated after running aground in South America's Parana River.
Owner gets CFO Tidewater hires banker to replace outgoing finance chief Keith Lousteau, with $300,000 annual salary plus stock options on the table.
Sale lifts ISC Niels M Johnsen-led International Shipholding Corp reports 159% increase in profits thanks to the sale of a panamax bulker.
SFI sells John Fredriksen pockets $68m from sale of two suezmax vessels under construction in China.
Keppel on target Offshore orders help Singapore group to hit market expectations for the second quarter.
Profits double US-listed Capital Product Partners thanks proft sharing and fleet growth for higher earnings.
More for Neste Finnish tanker owner builds profit in second quarter as freight rates rise "unseasonably".
Pistiolis 'pleased' Evangelos Pistiolis-led Top Ships reports a net loss, but it returns to operational profitability after three quarters in the red.
Finnlines falls Finnish ro-ro owner hurt again by operating and financial costs in first half.
Diana doubles up Spike in charter rates and growth in fleet lead to "record" returns at Simeon Palios-led bulker owner.
Gulf widening Rising income from its US offshore fleet powers Hornbeck to record quarter, but tug and tank-barge unit can't keep pace.
Duo detained Canadian port state inspectors held two bulkers over oily water separator and crew certification deficiencies in June.
FreeSeas revs up Ion Varouxakis-led bulker owner posts larger profits after a fourfold surge in revenue.
Nenaco nips in? Rumours link Philippines owner to bid to buy out Go family's troubled Sulpicio Lines.
OOIL spills Investors shed stock in Hong Kong owner after first-half profit slump and warning of more challenging times ahead.
Nexus inks LOI Filipino player could hand $800m to Anders Holm-led offshore owner for seven-year FPSO charter.
Precious gains Improved day-rates in higher dry-bulk market send second-quarter earnings up at Thai owner.
Erria in India Danish owner teaming up with domestic player SKS for multipurpose coastal venture.
Libya relents Tankers carrying oil for Switzerland once more after stoppage to protest arrest of leader Gadaffi's son Hannibal.
Rough seas Forty passengers left injured after P&O Cruises' Pacific Sun is hit by poor weather.
Drillship for DSME South Korean yard builds up offshore portfolio with $760m order from the US.
Kawasaki slows Japanese builder sees first-quarter profit cut by 33% as rising costs and strong yen impinge.
Six for Mariana Indonesian owner and shipbuilder clinches order for six vessels worth $24m.
Premium pair Hanjin Heavy books two boxships with high price paid for favourable delivery slots.
Iino on the up Japanese tanker and LPG carrier player sees earnings rise in first quarter, and expects continued profit over full year.
A little higher Japanese shipbuilder Sasebo edges up earnings in first quarter as revenues rise.
Heavy fall Strong yen and rising costs send first-quarter profit plunging at Mitsubishi Heavy Industries.
Bad start Japanese shipyard Sanoyas sees revenue shrink in first quarter, pushing it to a loss.
Nordic offloads Danish shipowner confirms the sale of its modern tanker to undisclosed interests.
Meiji deteriorates Japanese owner reports a substantial decline in first quarter profits and cuts forecast.
Costs bite at OOIL Interim profits decline 30% at Hong liner operator as overall expenditure increases.
Genco surges Peter Georgiopoulos bulker outfit sees second quarter profits more than quadruple.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
