Brazil's OSX planning 9.9b reais IPO OSX, the Brazilian shipbuilder owned by billionaire Eike Batista, plans to raise up to 9.92 billion reais (S$7.7 billion) in what could become the nation's largest initial public offering this year.
Academy set up to offer professional shipper courses THE Singapore National Shippers' Council (SNSC) yesterday launched the Singapore Shippers' Academy to offer professional courses to local and regional shippers and train at least 1,000 people from the industry within three years.
Macquarie plans Miclyn IPO to raise up to A$365m Australia's largest investment bank, Macquarie Group, is looking to float oil and gas services firm Miclyn Express Offshore in an initial public offering that could raise up to A$365 million (S$461.2 million).
K Line announces delivery of the "Vijayanagar" The Tokyo-based shipping company K Line has announced the delivery of the "Vijayanagar," a 82,000 dwt bulk carrier, built at the Tsuneishi Holdings Corporation'...
Gottwald: another crane for Lebanon and follow-up order from Qatar Gottwald Port Technology GmbH (Gottwald) is strengthening its position in the Middle East as it has received a further crane order from Lebanon and a follow-up order from Qatar. Be...
Scandlines complains about cartel decision on "Vogelfluglinie" The German-Danish shipping company Scandlines is preparing an official complaint against the German cartel office for its decision to allow competitors on the "Vogelfluglinie"...
SCA: new feeder service between northern Sweden and port of Hamburg The Swedish manufacturer of paper and wood products Svenska Cellulosa Aktiebolaget (SCA) and its transport and logistics division SCA Transforest launched a liner service...
Sloman Neptun Bremen: new Italy-Algeria liner service Sloman Neptun Shipping & Transport GmbH, one of the leading European shipping lines in the trade between Northern Europe and North Africa, is opening a new regular shipping lin...
Toll Group reports less profit and revenue in HY 2009/10 Australia-based Toll Holdings, one of Asia's leading transport and logistics providers, has reported its half year 2009/10 results. The group recorded an operating profit (ebit), b...
Nippon Express enhances logistics services in Brazil Nippon Express do Brasil (NE Brazil), a local subsidiary of Nippon Express Co Ltd, concluded a basic business collaboration agreement with Aurora Terminais e Servicos, a general wa...
TDG takes over RRS Logistics in Hungary The British logistics service provider TDG is continuing its Eastern European expansion by acquiring the Hungarian service provider RRS Logistics. Through the takeover TDG is ...
JAL and NYK end cargo business reform and merger negotiations The JAL Group recently ended negotiations with Nippon Yusen Kabushiki Kaisha (NYK) about a cargo business reform. The talks concerned a possible merger between Japan Airlines Inter...
DB Schenker Rail tests new transport box for automotive shipments DB Schenker Rail's automotive division has presented a new box to transport automobile parts for the German car manufacturer Volkswagen. The receptacle, known as the auto...
DB Schenker Rail: Niederhofer new chairman of central region production company The supervisory board of DB Schenker Rail Deutschland selected Otto G. Niederhofer as a member of its management board, with effect from 1 March. Niederhofer will shoulder responsi...
State support preventing box sector consolidation Intervention to stop major lines from collapsing could prove to be counter-productive in the long-run
Two dead after waves batter Louis vessel Two passengers killed and six others injured after eight-metre high waves strike Louis Majesty
Brussels to probe alleged Margaret Hill waste breach EC has asked UK for details of ship's final destination and fate amid reports it is to be dismantled
Trieste takes tough line on low-sulphur fuel Non-compliant ships face €15,000'€150,000 fine
DHT shareholder slams zero dividend policy MMI Investments calls for company to reinstate quarterly dividend and attacks rash spending of capital
Chittagong breakers reopen BREAKING yards reopened today in Chittagong after talks between their owners and Bangladesh's government aimed at ending a 10-day lockout of about 30,000 workers
Isle of Man to charge fee THE ISLE of Man ship registry has announced that it will begin charging an annual registration fee for the first time in its 25-year history
UK wage exemption in limbo PROPOSED amendments aimed at exempting shipping from the UK's Equality Bill have been withdrawn in the House of Lords, Fairplay was told today
DHT shareholder rebels A LETTER from MMI Investments, which owns 8.9% of DHT Maritime's stock, today demanded immediate reinstatement for DHT's dividend and the appointment a new board member
Quake currents stop traffic STRONG currents created by the tsunami that followed last week's 8.8-magnitude earthquake in central Chile caused vessel delays in southern California
OSX Brasil unveils $5.5Bn IPO OSX BRASIL plans to raise up to 9.92Bn reais ($5.53Bn) in what will reportedly be one of Brazil's largest-ever IPOs
Eagle eyes spot plays EAGLE Bulk, traditionally an all-time charter owner, confirmed today that it is pursuing significantly more exposure to the spot market
INTERTANKO reacts to Trieste 0.1% sulphur stance Port says it will accept no exemptions to 0.1% sulphur limit and impose fines.
Strong gains in Rotterdam Bunker demand in Rotterdam 'quite low' players report.
Mid-week prices firm in Fujairah While Durban prices fall.
Horizon to launch 'quick' liner service Company sees opportunity to offer alternative to slow steaming as market rebounds.
Gibraltar aims to end floating storage Chief Minister says 50-year old tank farm could be re-activated.
Middle East takes another fuel oil cargo Middle East still 'ravenous for fuel oil while East Asia is brim-full'.
Bunker prices seesaw Crude oil futures volatile for the past seven days.
Incoming port operator urged to drop fee Planned 5% fee on bunkering services will harm Manila's marine fuel market.
Sinobunker to launch Guangzhou, Dalian operations Bonded supply business to start in Guangzhou this month; eyes Dalian operations in July.
Specialised recruitment can help bunker firms expand rapidly Some bigger players have used the downturn to their advantage and 'acquired entire teams' to boost market share.
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