Help feeder operators, RCL urges mainlines THAI-listed common feeder, Regional Container Lines , has urged mainline container operators now enjoying healthy freight rates to consider the plight of feeder operators still struggling under historically depressed rates.
P&O Nedlloyd posts US$41m Q3 profit THE demand outlook for container shipping is favourable 'until at least the end of 2005', according to P&O Nedlloyd, the world's third biggest capacity container line, which reported a third quarter profit of US$41 million against a US$67 million loss in Q3 2002.
New World Alliance upgrades New York service APL and its New World Alliance partners Hyundai Merchant Marine and Mitsui OSK Lines have upgraded their weekly New York Express Service with larger and faster - although fewer - vessels.
Air and Land Transport
Ryanair warns it may shut Belgian hub CUT-price airline Ryanair warned on Wednesday that it may shut down its operations at Belgium's Charleroi airport after seeing signs that the European Commission is set to rule against it in a key competition probe.
Lufthansa expects to break even for full year
UAL's answer to discount competitors
Hunks aflight on Skynet Asia
China confirms order for 30 Boeing planes
LOG Book
Admiralty Casebook
Shipowner can set up limitation fund in England AN English court ruled last month that a shipowner could establish a limitation fund in England under the 1976 Convention on Limitation of Liability for Maritime Claims although a cargo claimant obtained security from the shipowner in Singapore, which is not a party to the 1976 Convention.
Help feeder operators, RCL urges mainlines THAI-listed common feeder, Regional Container Lines , has urged mainline container operators now enjoying healthy freight rates to consider the plight of feeder operators still struggling under historically depressed rates.
P&O Nedlloyd posts US$41m Q3 profit THE demand outlook for container shipping is favourable 'until at least the end of 2005', according to P&O Nedlloyd, the world's third biggest capacity container line, which reported a third quarter profit of US$41 million against a US$67 million loss in Q3 2002.
New World Alliance upgrades New York service APL and its New World Alliance partners Hyundai Merchant Marine and Mitsui OSK Lines have upgraded their weekly New York Express Service with larger and faster - although fewer - vessels.
Air and Land Transport
Ryanair warns it may shut Belgian hub CUT-price airline Ryanair warned on Wednesday that it may shut down its operations at Belgium's Charleroi airport after seeing signs that the European Commission is set to rule against it in a key competition probe.
Lufthansa expects to break even for full year
UAL's answer to discount competitors
Hunks aflight on Skynet Asia
China confirms order for 30 Boeing planes
LOG Book
Admiralty Casebook
Shipowner can set up limitation fund in England AN English court ruled last month that a shipowner could establish a limitation fund in England under the 1976 Convention on Limitation of Liability for Maritime Claims although a cargo claimant obtained security from the shipowner in Singapore, which is not a party to the 1976 Convention.
Help feeder operators, RCL urges mainlines THAI-listed common feeder, Regional Container Lines , has urged mainline container operators now enjoying healthy freight rates to consider the plight of feeder operators still struggling under historically depressed rates.
P&O Nedlloyd posts US$41m Q3 profit THE demand outlook for container shipping is favourable 'until at least the end of 2005', according to P&O Nedlloyd, the world's third biggest capacity container line, which reported a third quarter profit of US$41 million against a US$67 million loss in Q3 2002.
New World Alliance upgrades New York service APL and its New World Alliance partners Hyundai Merchant Marine and Mitsui OSK Lines have upgraded their weekly New York Express Service with larger and faster - although fewer - vessels.
Air and Land Transport
Ryanair warns it may shut Belgian hub CUT-price airline Ryanair warned on Wednesday that it may shut down its operations at Belgium's Charleroi airport after seeing signs that the European Commission is set to rule against it in a key competition probe.
Lufthansa expects to break even for full year
UAL's answer to discount competitors
Hunks aflight on Skynet Asia
China confirms order for 30 Boeing planes
LOG Book
Admiralty Casebook
Shipowner can set up limitation fund in England AN English court ruled last month that a shipowner could establish a limitation fund in England under the 1976 Convention on Limitation of Liability for Maritime Claims although a cargo claimant obtained security from the shipowner in Singapore, which is not a party to the 1976 Convention.
East Coast markets firm amid good avails near-term
Fuel testing companies still at odds over bunker alerts Another fuel testing company, Viswa Lab, joins the debate following the recent public statements on the use of bunker alerts from Lintec and DNVPS. The public, meanwhile, seems to be torn mainly between finding bunker alerts quite useful while also being mindful of their use as promotional tools.
ARA region: Supply tight, demand muted
Key weekly US oil inventory data show mixed picture Overall the reports may serve to ease some of the supply concerns that had been building up ahead of them, and light profit taking may see crude prices ease because of that. On the other hand, the draw in crude may prevent a big time sell-off an keep prices reasonably well supported around current levels.
No change in Japan
Softer prices today in smooth Italian market
Slow Singapore market supported only by crude Bunker prices this Thursday seemed to be consolidating after two days of slight losses, despite steady to slightly firmer cargo values and firm crude overnight. Singapore's fuel oil fundamentals remain weak, confirmed today by stock gains for residual fuels.
Prestige revisited: One year today since calamity struck Today, November 13th 2003, it is one year to the day since Bunkerworld.com beat even major newswires to warn the world that a major environmental disaster - a repeat of the 1999 Erika incident - was developing off the Spanish coast. We've had a peak in our on-line news archives for stories relating to the Prestige disaster and its repercussions.
British MPs back expansion of container hubs BRITAIN'S ports industry has gained a key political ally as it presses its case for container hub expansion to cater for growing maritime box traffic.
BG unveils UK gas stake LONDON-listed BG Group is acquiring a 50% stake in Petroplus International's liquefied natural gas terminal project at Milford Haven and plans to begin importing more than 2m tonnes annually from 2007.
Teekay restructures management with LNG ambition in mind TEEKAY Shipping is implementing a management reorganisation which could serve as the launching pad for the tanker group's first foray into the liquefied natural gas sector.
S African builder faces closure DURBAN-based SA Shipyards, South Africa's largest shipbuilder, is on the verge of closing down after the National Ports Authority postponed a tender for two tugs for the fourth time in 12 months
KfW linked to Le Joola replacement GERMAN financial organisation KfW is to forward '6M ($7M) to the government of Senegal to enable it to buy a replacement for the ferry Le Joola
Box revenue rise lifts P&O Ned P&O Nedlloyd has reported a third quarter pre-tax profit of $41M, compared with a loss of $67M in the same period last year
French applaud safety measures THE French government is satisfied with progress taken at European level against pollution in the year since the Prestige went down
UK risks becoming 'backwater' UK port capacity needs urgent expansion if the UK is to avoid becoming "a backwater of continental shipping", a parliamentary committee chairman warned today
Israel's ports at standstill ISRAEL'S main ports at Haifa and Ashdod were brought to a standstill today when union leaders called their members to a half-hour emergency meeting
P&O Nedlloyd back in the black P&O Nedlloyd (PONL) made an operating profit of US$56million in the third quarter of 2003, compared with a loss of US$46million for the same period last year.
NOL's stock downgraded after share placement Investment bank Goldman Sachs (GS) has downgraded Neptune Orient Lines' (NOL) stock from 'outperform' to 'in-line' saying last week's share placement diluted earnings per share (EPS).
US Lines brand makes re-appearance
TNWA upgrades New York Express service
CSX Caucedo books first call
Parliament report recommends UK port development
MEPs urged to vote against European Port Directive
P&O Ports' box traffic increases by a quarter
Montreal box growth slows but still in line for record year
Indian-Singaporean JVs up investment projects in India
K Line forecasts further growth in box volumes and revenue
MOL profitability struggles against downward pressures
Box market big enough for more players, says banker
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