Cosco Pacific H2 profit up 81% on China exports Cosco Pacific Ltd, Asia's third largest container terminal operator, boosted second-half profit 81 per cent, helped by surging shipments of Chinese-made toys, furniture and clothing to Europe and the US.
SMOU helps 22 stranded crew recover unpaid wages The Singapore Maritime Officers' Union (SMOU), together with the International Transport Workers' Federation (ITF) and the Maritime Port Authority (MPA), has helped the 22 stranded crew on the stricken bulker MV Lady Belinda recover US$102,000 in unpaid wages owed them since last December.
Gulf tanker rates may extend decline The cost of shipping Middle East crude to Asia, the world's busiest market for supertankers, may extend its biggest two-day drop in three years as refineries release spare ships into the market.
Indonesian port workers may begin open-ended strike today
DP World posts 52% profits growth RECENTLY-listed ports giant emerges unscathed from US economic slowdown and the dollar's decline.
DP's Al Muallem warns capacity crunch is due
European shipyards face recruitment crisis YARDS need to employ up to 12,000 every year for the next five years to meet increasing shortfall and remain productive.
Design fault ruled out in SCT crane crash NO problems found with other cranes of the same make and similar age at Southampton Container Terminals, says official.
Building a class relationship ABS chief Robert Somerville is one of the most thoughtful people to have come up through the ranks of the classification societies.
Anti-pollution drive grinds on A HUGE amount of work must be done if the marine environment protection committee's next session is to be as successful.
Pirates hijack luxury cruiser THE luxury cruise ship Le Ponant, owned by a subsidiary of CMA CGM, has been hijacked by pirates off the northern coast of Somalia.
Nenaco sells ships to pay debts NEGROS Navigation Company (Nenaco), the Philippine domestic ship operator currently under court receivership, has sold two passenger-cargo ships to pay major creditors
Hamburg Süd puts cost reduction first GERMAN container line Hamburg Süd will merge and integrate more of its services in the coming months in a bid to curb spiralling slot costs
Fog blamed at Cosco Busan inquiry FOG in San Francisco Bay was so thick when the Cosco Busan incident occurred that ports in any other part of the world would have been closed, says a statement by the ship's master at the time
Catamaran stranded at port THE passenger-only hi-speed catamaran ferry PATRICIA OLIVIA II remained tied up at the Uruguayan port of Colonia yesterday after sustaining damage during berthing operations the day before
UK coastguards stage second strike UK COASTGUARDS will hold their second pay strike in two months on Friday, 11 April.
Hamburg Sud revenues up 12 percent Revenues for the German container carrier increased to $5.7 billion on a double-digit increase in container volumes.
Bush sends Colombia trade agreement to Congress
Longshoreman killed at Port of Long Beach
Former U.S. trade ambassador Eberle dies
TWIC enrollment added at ports in Puerto Rico, Texas
Eitzen confirms bulker deal Norwegian owner unloads two panamaxes for nearly $146, pocketing $103m in profits.
Lauritzen checking in Danish owner enters the offshore accommodation business with a Blohm & Voss conversion order.
Lakers fight VHS virus As the lakes shipping sector resists efforts to regulate ballast exchange, the Lake Carriers' Association offers steps to prevent spread to Lake Superior.
MC Shipping in tonnage hunt Monaco-based gas-ship owner confirms purchase of unit from BW Gas and eyes other units.
FBMA in ferry deal Cebu-based builder tapped to build 260-passenger ferries for the Isle of Wight's Wightlink.
OSG gobbles up debt Morton Arntzen-led US tanker owner redeems $176m in senior notes, a move one analyst calls encouraging.
Horizon Lines scores swap US containership owner jumps on dropping interest rates for $122m in debt.
Belinda bounty Owner of elderly detained bulker pays $102,000 of outstanding wages to Indian crew.
Special forces to free Ponant? Elite French team trained in freeing hostages on stand-by in Djibouti as Somali pirates move captured CMA CGM yacht.
Wang goes to market New York-listed Seaspan to issue 7m shares to cover debt and buy new ships.
Acciona pulls sale Lack of interest reportedly leads Spanish group to scrap offloading of ferry unit Trasmediterranea.
Charles Taylor sinks Profitability of quoted P&I mutual manager plunges despite record Standard Club performance.
Linda and Arnie oppose cabotage Hawaii governor Lingle and California's Schwarzenegger want rethink on new rules for foreign vessels.
Fredriksen hikes Northern stake Shipping magnate and Seadrill boss boosts his holding in rival to send its share price soaring.
Dutch ship re-floated off US Vessel which helped in Danish grounding incident earlier this year sails after grounding off Rhode Island.
Double Ruble Sovcomflot makes twice as much in 2007 when Novoship's figures are added to the basket.
HH under scrutiny Danish ferry owner could face fine for not reporting accident quickly enough.
Cosco Pacific falls short Terminal operator sees profits rise 47% but analysts expected more.
DP World doubles up Port operator posts 52% rise in profits in first earnings release since record-breaking IPO.
Bulker sinks trawler, 6 missing Conflicting reports of identity of South Korean ship involved but search continues for missing from Chinese fishing vessel.
IMO gets tough London meeting seals historic deal on sulphur emissions from ships, lowering limit to 3.5% from 2012, then 0.5% from 2020.
Bunker levy to cut CO2? IMO proposes fee for ships on international voyages to reduce greenhouse gases.
Strategic wins debut tug deal Australian shipbuilder to build 60-bollard-pull unit for Port of Napier.
GMV invests in Global newbuilds Malaysian venture capital fund takes 49% stakes in two China-built product tanker newbuildings.
Contact made with pirates French authorities say they have been in contact with hijackers of luxury cruise ship Le Ponant.
RCL inks boxship buy Thai intra-Asian player confirms purchase of two 2,732-teu containerships from Bertram Rickmers.
Finnlines extends time charter with Birka Cargo Birka Cargo's largest ro-ro vessels Birka Express, Birka Carrier and Birka Trader will continue in their time charter with Finnlines until the end of 2012. The present charter has thus been lengthened by four years. For the moment Finnlines ...
New service connects Grenå with Finland Port of Grenå will be connected with Turku in Finland via a direct liner service. It is the Norwegian Nor Lines, which en route from Norway to Finland in the future will call Gren'. The Danish broker Franck & Tobisen has ...
Sea Containers sold 50 per cent of Superseacat-operator Silja Line's former owner SeaContainers Ltd. has sold 50 per cent of Sea Containers Finland Oy to Greek Eugenides Group. Sea Containers Finland Oy operates the fast ferries Superseacat III and Superseacat IV on the service Tallinn-Helsinki and owns ...
FOEI unimpressed with IMO's greenhouse gas progress
Europe praises IMO achievement Strong hints that revised MARPOL Annex VI meets European Union's regulatory objectives.
Fuel oil arbitrage expected to dip Refinery turnarounds in Europe and Russia will likely hit fuel oil exports to Asia.
Bunker market report from Praxis
New MARPOL Annex VI welcomed by shipping organisations Hopes that ambitious sulphur reductions will ward off unilateral action, warning on cost implications.
New supplier comes to Kali Limenes Bominflot sees Crete bunker terminal as a 'serious bunker station'.
Rotterdam market firm
MSC to raise bunker surcharges Higher rates will apply for its US routes from April 15.
Rotterdam and Long Beach in environmental partnership Officials sign pact to boost 'green' practices and technologies.
Japan retroactive bunker price continues to climb Retroactive 180 cst bunker fuel price continues to post record-highs.
Korean bunker sales expected to fall Bunker market could shrink as refiners cut bunker production and high prices strain credit lines.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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