NYK chief upbeat about year ahead A favourable year lies ahead for shipping despite global uncertainties, according to an upbeat assessment by the president of Japan's largest shipping line, Nippon Yusen Kaisha.
Exxon may have to pay more for Valdez spill EXXON Mobil Corp may have to pay further damages of up to US$100 million as the oil spill from its Exxon Valdez tanker in Alaska 14 years ago continues to harm the environment, the Wall Street Journal reported on Wednesday.
Navigational aids need replacing: Fuzhou officials CHINESE port officials claim all navigational aids in the south eastern port of Fuzhou, where Singapore's PSA Corporation operates two terminals, have broken down.
P&O Nedlloyd to withdraw from Europe-W Africa trade ANGLO-Dutch container shipping line P&O Nedlloyd has announced it will withdraw from the Europe-West Africa trade by the end of this year to focus on the Asia-West Africa trade.
New Gold Star service INTRA-Asia carrier Gold Star Line will launch a new direct service from Indonesia via Singapore and Port Klang to Bombay next week.
Air and Land Transport
Accord fails to address European overcapacity AIR France's acquisition of the Dutch carrier KLM marks a milestone in the consolidation of European civil aviation, but a reduction of the sector's chronic overcapacity is unlikely without major restructuring, analysts say.
Asian airlines' recovery in full swing: Abacus
US panel clears unscreened cargo in passenger flights
jetBlue to start services at Boston's Logan airport
S Korea, Qatar sign air services accord
LOG Book
Admiralty Casebook
Seller of oil cargo wins suit against buyer A recent judgment in England is a timely reminder to buyers of cargoes of oil to take a closer look at the terms of their sale and purchase contracts or risk having their defence thrown out.
Port Shots
Port Shots THE first vessel in Taiwan's Evergreen Marine Corp 103-strong containership fleet has achieved compliance with the new strict International Ship and Port Facility Security Code.
NYK chief upbeat about year ahead A favourable year lies ahead for shipping despite global uncertainties, according to an upbeat assessment by the president of Japan's largest shipping line, Nippon Yusen Kaisha.
Exxon may have to pay more for Valdez spill EXXON Mobil Corp may have to pay further damages of up to US$100 million as the oil spill from its Exxon Valdez tanker in Alaska 14 years ago continues to harm the environment, the Wall Street Journal reported on Wednesday.
Navigational aids need replacing: Fuzhou officials CHINESE port officials claim all navigational aids in the south eastern port of Fuzhou, where Singapore's PSA Corporation operates two terminals, have broken down.
P&O Nedlloyd to withdraw from Europe-W Africa trade ANGLO-Dutch container shipping line P&O Nedlloyd has announced it will withdraw from the Europe-West Africa trade by the end of this year to focus on the Asia-West Africa trade.
New Gold Star service INTRA-Asia carrier Gold Star Line will launch a new direct service from Indonesia via Singapore and Port Klang to Bombay next week.
Air and Land Transport
Accord fails to address European overcapacity AIR France's acquisition of the Dutch carrier KLM marks a milestone in the consolidation of European civil aviation, but a reduction of the sector's chronic overcapacity is unlikely without major restructuring, analysts say.
Asian airlines' recovery in full swing: Abacus
US panel clears unscreened cargo in passenger flights
jetBlue to start services at Boston's Logan airport
S Korea, Qatar sign air services accord
LOG Book
Admiralty Casebook
Seller of oil cargo wins suit against buyer A recent judgment in England is a timely reminder to buyers of cargoes of oil to take a closer look at the terms of their sale and purchase contracts or risk having their defence thrown out.
Port Shots
Port Shots THE first vessel in Taiwan's Evergreen Marine Corp 103-strong containership fleet has achieved compliance with the new strict International Ship and Port Facility Security Code.
NYK chief upbeat about year ahead A favourable year lies ahead for shipping despite global uncertainties, according to an upbeat assessment by the president of Japan's largest shipping line, Nippon Yusen Kaisha.
Exxon may have to pay more for Valdez spill EXXON Mobil Corp may have to pay further damages of up to US$100 million as the oil spill from its Exxon Valdez tanker in Alaska 14 years ago continues to harm the environment, the Wall Street Journal reported on Wednesday.
Navigational aids need replacing: Fuzhou officials CHINESE port officials claim all navigational aids in the south eastern port of Fuzhou, where Singapore's PSA Corporation operates two terminals, have broken down.
P&O Nedlloyd to withdraw from Europe-W Africa trade ANGLO-Dutch container shipping line P&O Nedlloyd has announced it will withdraw from the Europe-West Africa trade by the end of this year to focus on the Asia-West Africa trade.
New Gold Star service INTRA-Asia carrier Gold Star Line will launch a new direct service from Indonesia via Singapore and Port Klang to Bombay next week.
Air and Land Transport
Accord fails to address European overcapacity AIR France's acquisition of the Dutch carrier KLM marks a milestone in the consolidation of European civil aviation, but a reduction of the sector's chronic overcapacity is unlikely without major restructuring, analysts say.
Asian airlines' recovery in full swing: Abacus
US panel clears unscreened cargo in passenger flights
jetBlue to start services at Boston's Logan airport
S Korea, Qatar sign air services accord
LOG Book
Admiralty Casebook
Seller of oil cargo wins suit against buyer A recent judgment in England is a timely reminder to buyers of cargoes of oil to take a closer look at the terms of their sale and purchase contracts or risk having their defence thrown out.
Port Shots
Port Shots THE first vessel in Taiwan's Evergreen Marine Corp 103-strong containership fleet has achieved compliance with the new strict International Ship and Port Facility Security Code.
NYK chief upbeat about year ahead A favourable year lies ahead for shipping despite global uncertainties, according to an upbeat assessment by the president of Japan's largest shipping line, Nippon Yusen Kaisha.
Exxon may have to pay more for Valdez spill EXXON Mobil Corp may have to pay further damages of up to US$100 million as the oil spill from its Exxon Valdez tanker in Alaska 14 years ago continues to harm the environment, the Wall Street Journal reported on Wednesday.
Navigational aids need replacing: Fuzhou officials CHINESE port officials claim all navigational aids in the south eastern port of Fuzhou, where Singapore's PSA Corporation operates two terminals, have broken down.
P&O Nedlloyd to withdraw from Europe-W Africa trade ANGLO-Dutch container shipping line P&O Nedlloyd has announced it will withdraw from the Europe-West Africa trade by the end of this year to focus on the Asia-West Africa trade.
New Gold Star service INTRA-Asia carrier Gold Star Line will launch a new direct service from Indonesia via Singapore and Port Klang to Bombay next week.
Air and Land Transport
Accord fails to address European overcapacity AIR France's acquisition of the Dutch carrier KLM marks a milestone in the consolidation of European civil aviation, but a reduction of the sector's chronic overcapacity is unlikely without major restructuring, analysts say.
Asian airlines' recovery in full swing: Abacus
US panel clears unscreened cargo in passenger flights
jetBlue to start services at Boston's Logan airport
S Korea, Qatar sign air services accord
LOG Book
Admiralty Casebook
Seller of oil cargo wins suit against buyer A recent judgment in England is a timely reminder to buyers of cargoes of oil to take a closer look at the terms of their sale and purchase contracts or risk having their defence thrown out.
Port Shots
Port Shots THE first vessel in Taiwan's Evergreen Marine Corp 103-strong containership fleet has achieved compliance with the new strict International Ship and Port Facility Security Code.
Lukoil-FTS/Hofftrans to develop Rotterdam terminal A partnership between Lukoil Benelux, a subsidiary of the Russian oil major Lukoil and FTS/Hofftrans, one of the biggest barge operators in the ARA region, has been selected to be the new operator of the former SITA-terminal in Rotterdam Botlek. The new operators have plans that should improve and expand bunkering infrastructure.
ARA markets firm since this morning
Electricity and sentiment keep Japan buoyant
Singapore traders bullish despite high fuel oil stocks There has been no let-up in Singapore this week as the market has traded higher day by day, taking its lead from a firm crude market. Local suppliers and traders reported another rise in cargo and bunker prices today, seemingly little affected by the fact that on-shore stocks of fuel oil rose again over the past week to stand at a 2-year high.
Italian gas oil responds to regional gains as IFOs fall off
Fuel cell research contract FuelCell Energy, Inc. (Nasdaq: FCEL) reports that it has received a new $954,000 contract award for participation in the U.S. Navy Marine Fuel Cell Technology Verification--Trainer Program.
EU tanker ban enacted Rules take effect October 21
VLCCs slip out of shipping's bull run CHARTER rates for very large crude carriers have plummeted this week to half their value as demand for cargoes dries up and Middle East production falls.
Drewery predicts grim times for tanker market "THE BEST is behind us and the correction in the freight markets is here to stay."
Containership rates still have room to grow CONTAINERSHIP charter rates have plenty more upside potential, brokers believe, despite the huge orderbook which now stands at around a third of the existing fleet.
No let-up expected in rise of dry bulk freight market AThere appears no end in sight for record dry bulk freight rates, say analysts, writes Namrata Nadkarni.
Bush signs maritime security budget PRESIDENT Bush yesterday signed the first budget for the Department of Homeland Security (DHS), which will receive $37.6Bn for 2004. For port security, the budget includes $14M for the Customs-Trade Partnership Against Terrorism, or C-TPAT, more than doubling the DHS's partnerships with foreign manufacturers and importers to protect their supply chains from potential terrorist threats.
Santos contract under investigation THE former head of Brazil's largest port authority has been fined for his role in an "off the books" contract.... Full story
Chennai digs deeper THE Indian east-coast port of Chennai is being dredged after a gap of 17 years to deepen the draught in the century-old inner harbour to improve vessel manoeuvring.... Full story
Cooks start strait talking A wildcat strike by cooks and stewards on the Cook Strait ferry Arahura this week disrupted travel plans for hundreds of passengers.... Full story
NYK head calls for decentralisation NYK president Takao Kusakari has called on his staff to support the decentralisation of the company.... Full story
Operators angry over bunker delays A sudden surge in demand for bunkers at Durban has left ship operators angry at delays or having to divert vessels to Richards Bay and elsewhere.... Full story
Industry group gives TSA air-cargo security recommendations But airlines, freight forwarders, and security companies don't want screening of cargo on passenger aircraft.
ILA, employers recess talks Union leaders turned down an initial wage proposal by employers at Atlantic and Gulf ports, but don't foresee a strike.
Netherlands looks to head off more longshore protests at Rotterdam The Dutch government seeks talks with union dockworkers in a bid to head off further protests at the Port of Rotterdam over European Union plans to deregulate port labor.
Hauliers say Maut to be delayed until April at the earliest Hauliers and logistics companies operating in Germany expect the truck road toll system, Maut, will be further delayed after the transport minister meets with the toll collector this weekend.
Vessel shortage eats into feeder operators' profits Increasing charter rates and a shortage of ships will hit the profits of feeder operators who are unlikely to own the vessels they operate according to one Asian carrier.
Claims of Jordan snub to Israel 'not correct' says Shippers' Council
Transport for all in the new Europe
Deregulation lets publicly-owned Mizushima award container terminal lease
Strike at JNPT leaves containers stranded
Confusion as two bidders claim Qingdao Phase IV victory
SembCorp denys Kuehne & Nagel split
Docenave sees Buenos Aires-Fortaleza route growing
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