|6 July 2006|
|17:56||seaAPM Terminals Does Not Rule Out Making Acquisitions |
The chief executive of APM Terminals, the world's third-largest container terminal operator, said he would consider breaking with the division's tradition of organic growth by acquiring a competitor.
The statement, in a Financial Times interview, reflects Kim Fejfer's policy of turning APM, part of the Copenhagen-based AP Maller-Maersk group, into a more broadly-based company, serving a wide range of shipping lines.
The operation started as the terminal operating arm of the group's Maersk Line, the world's largest container carrier, and until recently existed solely to meet Maersk Line's needs.
An acquisition could accelerate the change by bringing in terminals less dependent on Maersk Line.
|31 March 2006|
|07:28||seaCruise Boat Carrying Up To 150 People Capsizes in Persian Gulf |
A cruise boat carrying up to 150 people capsized Thursday night in the Persian Gulf off the coast of Bahrain, and at least 54bodies were recovered, the country's coast guard chief said.
|20 April 2005|
|12:05||seaDubai Plans Marine Oil Exchange|
Dubai is planning to set up a marine oil exchange, allowing futures trading in the $25 bn marine oil market, according to Fairplay.
The likely clue to the plans is that the exchange will allow futures trading in marine oil at the port of Fujairah, one of the world's top 3 fuel stops for ships.
|19 April 2005|
|11:55||seaShipowners Making Beeline to Nasdaq|
Nasdaq Stock Market Inc said as many as 12 shipowners plan to sell shares to the public this year on the New York-based market, seeking to finance purchases of vessels to take advantage of near-record freight rates.'There will be at least two floating in the next six to eight weeks,' Charlotte Crosswell, head of Nasdaq International, said in an interview last week at the annual meeting of the International Association of Independent Tanker Owners in Athens.
'It's rare to find so many companies within a single sector that gets so much interest.' The share sales would more than double the number of shipping companies traded on Nasdaq.
|29 March 2005|
|17:20||seaNOL on the lookout for possible acquisitions|
Singapore's Neptune Orient Lines (NOL), the world's sixth-biggest container shipping line, is looking at possible acquisitions to expand its operations, reports Singapore Shipping Gazette.
|7 March 2001|
|11:00||containerRussian Customs as Suomi’s Best Benefactor|
The events that took place within the last two weeks are enough to convince an average Finn that the Russian Customs has no worries other than ensuring his or her well-being.
The first step taken in this direction was the decision of the ASMAP (Russian Association of International Autocarriers) on barring over 340 Russian trucks from the Northwest region that served the Finland – Russia freight transportation market – the decision was pressed on the ASMAP by the Customs.
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