Ransom paid, pirates free oil tanker captain, crew THE Malaysian-flagged oil tanker MT Penrider's captain and two crew kidnapped last week by heavily armed pirates suspected of being Acehnese rebels, have been released after an estimated RM200,000 ransom was paid.
P&O ports handle 26% more containers in 2nd qtr PENINSULAR & Oriental Steam Navigation Co, the UK's largest shipping company, said its ports business handled 26 per cent more containers in the second quarter, while the number of cars and passengers on its ferries declined.
Cause of collision MARITIME authorities said the Polish crew of a Cypriot-registered ship was responsible for a collision in May that resulted in a Chinese freighter sinking.
Air and Land Transport
US air services slowly being restored after outage US travel disruptions may persist into this week, costing airlines such as Northwest Airlines and American Airlines tens of millions of dollars, as service is restored after the US and Canadian power outage.
Qantas slashes fares on some int'l routes
Gulf Air to start Sydney flights, resume Iraq services
FAA grounds Learjet Model 45s for repair to tail part
Swiss Int'l set to report H1 loss
Air France's Q1 sales down
Liner Scene
Are the good times back again? THERE is no doubt that the overall message coming out of the liner shipping industry has been very upbeat in the past few weeks.
Ransom paid, pirates free oil tanker captain, crew THE Malaysian-flagged oil tanker MT Penrider's captain and two crew kidnapped last week by heavily armed pirates suspected of being Acehnese rebels, have been released after an estimated RM200,000 ransom was paid.
P&O ports handle 26% more containers in 2nd qtr PENINSULAR & Oriental Steam Navigation Co, the UK's largest shipping company, said its ports business handled 26 per cent more containers in the second quarter, while the number of cars and passengers on its ferries declined.
Cause of collision MARITIME authorities said the Polish crew of a Cypriot-registered ship was responsible for a collision in May that resulted in a Chinese freighter sinking.
Air and Land Transport
US air services slowly being restored after outage US travel disruptions may persist into this week, costing airlines such as Northwest Airlines and American Airlines tens of millions of dollars, as service is restored after the US and Canadian power outage.
Qantas slashes fares on some int'l routes
Gulf Air to start Sydney flights, resume Iraq services
FAA grounds Learjet Model 45s for repair to tail part
Swiss Int'l set to report H1 loss
Air France's Q1 sales down
Liner Scene
Are the good times back again? THERE is no doubt that the overall message coming out of the liner shipping industry has been very upbeat in the past few weeks.
Ransom paid, pirates free oil tanker captain, crew THE Malaysian-flagged oil tanker MT Penrider's captain and two crew kidnapped last week by heavily armed pirates suspected of being Acehnese rebels, have been released after an estimated RM200,000 ransom was paid.
P&O ports handle 26% more containers in 2nd qtr PENINSULAR & Oriental Steam Navigation Co, the UK's largest shipping company, said its ports business handled 26 per cent more containers in the second quarter, while the number of cars and passengers on its ferries declined.
Cause of collision MARITIME authorities said the Polish crew of a Cypriot-registered ship was responsible for a collision in May that resulted in a Chinese freighter sinking.
Air and Land Transport
US air services slowly being restored after outage US travel disruptions may persist into this week, costing airlines such as Northwest Airlines and American Airlines tens of millions of dollars, as service is restored after the US and Canadian power outage.
Qantas slashes fares on some int'l routes
Gulf Air to start Sydney flights, resume Iraq services
FAA grounds Learjet Model 45s for repair to tail part
Swiss Int'l set to report H1 loss
Air France's Q1 sales down
Liner Scene
Are the good times back again? THERE is no doubt that the overall message coming out of the liner shipping industry has been very upbeat in the past few weeks.
Contship Containerlines reports improved schedule integrity for eastbound service
Canada Maritime's Pacific Gateway Service benefits from strong regional networks
Taca to hike westbound tariff
U-Freight names new partner in Sweden
Cp Ships commits to long-term newbuild charters
RCL adds Ningbo to S'pore-Qingdao service
Shipco appoints NPIL as new global agent in India
Better deal given to shipping sector now: Sinha
Seafood exporters told to counter dumping duty moves by US
Garment exports dip in July
Edible oil imports rise by 30 pc
Port Pipavav sets new single-day coal handling record
Railways cross steel freight target during April-July
MM SEZ marks state govt's paradigm shift in vision to encourage private initiative in core sector - CM : New economic hub by Indians under Indian environment - Nikhil Gandhi
PM unravels Rs 100,000-cr. plan to develop & link ports to highways
North-South Corridor: More nations keen to join pact
N. K. Singh panel proposes fund to revamp textile sector
Tirupur garment exporters seek common brand
Exporters allowed to self-seal cargo
Agri products export list may be expanded
Govt pegs foodgrain export backlog at 53 lakh tonnes
BMA workshop on ISO 9001:2000 on Aug 19
New study proposes single currency for Gulf Co-op Council
Flanders as gateway to Europe: Seminar at IMC on Aug. 20
Singapore vs Korea TWI: Consistent pattern revealed True Worth Index (TWI) is a new Index proposed by Viswa Lab Corporation to indicate the true worth of a bunker fuel. Dr. Vis decided to take a closer look at the statistics for the entire year of 2002 to compare Korean ports and Singapore.
Nigeria closes border in bid to cap illegal "bunkering" Nigeria temporarily closed its borders with Benin last weekend in a bid to reduce the occurrence of oil smuggling and other cross-border crimes. Thieves are siphoning off an estimated 100,000 bpd of crude oil, a practice known as "bunkering".
Numbers level off but Japanese bunker demand remains low
OPEC basket now above target for 10 days OPEC is clearly reluctant to commit to a production increase at this stage in the game, waiting instead for the oil market to take a dip and thus let OPEC off the hook by taking the price of its basket below $28 before 20 days are up.
Crude up on double threat to US oil and gasoline supply The biggest power blackout to ever strike North America has closed at least five refineries. Refinery outages could not have come at a worse time, as we are still in the peak demand US driving season and gasoline stocks are already very tight.
Big bill for oil spill tanker owner and P&I club PAKISTANI port authorities will fine Polembros R10m ($175,000) for pollution caused by the break-up of the Tasman Spirit aframax tanker outside the port of Karachi, writes Martyn Wingrove .
Stolt-Nielsen recruits insider to top job STOLT-Nielsen is seeking to make a clean break with its recently fraught past by selecting an apparently low-profile insider to replace Richard Wingfield, the executive who is implicated in a US price-fixing investigation.
Industry challenges Brussels on pollution directive SHIPPING industry bodies have questioned the value of the European Commission's proposed directive on ship source pollution which prescribed a range of serious criminal sanctions for pollution offences.
Probes pose doubts over Odfjell orders LENGTHY US and European cartel probe procedures hanging over Norwegian chemical tanker owner Od-fjell have raised fears that it will struggle to find as much as $250m required to replace ageing tonnage.
BHP Billiton to build huge California LNG plant ENERGY and mining group BHP Billiton is submitting plans to build a $600m liquefied natural gas terminal off the California coast to begin regasifiation operations in 2008.
Blackout snarls express, rail service from East Coast to Great Lakes Airlines, railroads and other logistics providers are struggling to resume normal operations after a massive blackout plunged parts of the northeast and midwest United States and Canada into darkness late Thursday.
Taiwan expands Kaohsiung capacity Government backing project to build second container terminal at the main southern port.
Government to arbitrate in China THC spat Ministry of Communications (MOC) officials, shipping lines and shippers representatives will attend a hearing in Beijing next Thursday to discuss the legality of terminal handling charges (THCs).
IADA chairman resigns as lines refuse to attend shipper debate Kenichi Kuroya stepped down on August 12 as Intra Asia Discussion Agreement (IADA) chairman on the day the carrier group decided against attending the Tripartite Shippers' Councils meeting.
Power cuts delay trains but PNY&NJ is 'op's normal'
Canadian west coast contracts enter mediation
AWS completes sale of liner businesses
China Shipping ties Yang Shan knot with Modern Terminals
Magdeburg inland port investment needs to be matched by river development says state minister
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