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Security fears delay Hindustan Shipyard?s revamp again
THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.
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Share ThisMISC invests in Nigerian LNG shipping
MALAYSIA International Shipping Co is taking a stake in a new Nigerian shipping venture that aims to claim a share of the west African nation?s liquefied natural gas transportation requirements, writes Tony Gray.
TILBURY has publicly renewed its call for planning permission to be granted on 65 acres of development land, freeing up space for a major push towards domination of the growing southeast England ro-ro market.
THE newly elected chairman of the International Association of Classification Societies has pledged to ?rebalance? the lack of influence from the Far East in dealings with the International Maritime Organization.
ORIENT Overseas Container Line and Cheng Lie Navigation Co (CNC Line) have suspended their plans to impose an emergency bunker surcharge on the Hong Kong/South China-Taiwan trade, which was due to start on July 1, following shippers? complaints over eight other lines announcing similar EBS plans on the same route.
VICTIMS of the Norway explosion have demanded tens of millions of dollars towards full restitution, and accused operator Norwegian Cruise Line of ?placing corporate profits ahead of safety?.
GENOA port president Luigi Merlo has expressed grave concern over an announced freeze on hiring public employees, writes John McLaughlin.
HONG Kong-listed port operator, container manufacturing and leasing company Cosco Pacific has signed a container sale and leaseback deal with the Commonwealth Bank of Australia, writes Sandra Tsui in Hong Kong.
THE United Nations has lifted a seven-year travel ban on US-based Liberian registry consultant Gerald Cooper, who has been linked to disgraced ex-Liberian president Charles Taylor.
CMA CGM chairman Jacques Saad has proposed restricting oil futures trading as a means of curbing speculation, which he says is behind the current surge in oil prices, writes Andrew Spurrier in Paris.
GO raises $130m loan
CSBC Corp, Taiwan?s largest shipyard, may seek revised terms on its shipbuilding contracts, according to its chairman Cheng Wen-lon, writes Mike Grinter in Hong Kong.
ON the 20th anniversary of the Piper Alpha oil platform disaster in the UK North Sea, a Norwegian company has been ordered to improve drilling conditions on a key production platform, writes Martyn Wingrove.
FRIDAY, JULY 4
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Share ThisSHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.
THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.
JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.
DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.
SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.
DEMAND for tankers to act as floating storage units in the Black and Baltic seas is bound to pick up after the Russian government introduced tax breaks.
NAMES at Lloyd?s are continuing to reap better rewards from the market than the dominant corporates, according to an analysis commissioned from ratings agency Moody?s by the Associa- tion of Lloyd?s Members.
Share ThisRocky rates halve Euronav?s 2007 profits but this year looks brighter
Depressed rates pushed tanker firm Euronav into a net loss in the fourth quarter of 2007 and slashed its net full-year profit by half.
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