Japanese Shipyard Orders Soar
Japanese shipyards received foreign orders for 25 vessels totaling 955,050 grt in February, up from five orders totaling 271,200 grt in February last year, the Japan Ship Exporters' Association said.
FedEx To Enter Ocean Shipping Business
FedEx Logistics Inc reportedly will enter the oceanshipping business. FedEx Logistics will arrange the global logistics of ocean freight but Gunn did not say when this will start.
Romanian Yard Close To Contracts
Romanian Black Sea shipyard Santierul Naval Constanta reportedly is close to clinching shipbuilding contracts worth the equivalent of $32 million with two big German companies this year.
PCA Seeking Ways To Safeguard Water
The Panama Canal Authority (PCA) inaugurated an inter-institutional commission charged with safeguaring the trade route's vital supplies of fresh water into the future.
Milford Haven Port Wins Sea Empress Fine Challenge
Britain's record fine for pollution, imposed on a port authority after a crude tanker ran aground in 1996, was slashed by the Court of Appeal. After a one-day hearing…
Small Spill After Tankers Collide Off Louisiana
The U.S. Coast Guard said that shipping operations at the Southwest Pass, off Louisiana, were not affected by a minor crude oil spill after two crude oil tankers collided on Wednesday evening.
P&O Profits Flying High
Peninsular & Oriental Steam Navigation Co. posted full-year profits ahead of expectations last week, and said the recently announced demerger of its cruises division would be completed in October.
