War risk premiums cut for ships calling Yemen A hard-fought reduction in war risk surcharges applied to Yemeni ports could see PSA Corporation salvage some of its Middle Eastern business and lure back customers who abandoned its Aden Container Terminal after a terrorist attack last year.
First S'pore ship achieves ISPS compliance THE first ship in Singapore's fleet achieved compliance with the new strict International Ship and Port Facility Security Code yesterday - 10 months ahead of the looming International Maritime Organisation's July 2004 deadline.
Tsakos Energy to sell remaining four single-hull tankers TSAKOS Energy Navigation, a Greek owner of medium-sized oil tankers, plans to shed its remaining four single-hull vessels by the first quarter as customers favour double-skinned units and new laws limit trading.
4 ships damaged in typhoon: Daewoo DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said four liquefied natural gas vessels it was building were damaged during the strongest typhoon to hit South Korea in a century.
Air and Land Transport
Virgin unveils trans-Tasman budget carrier VIRGIN Airlines unveiled its latest budget carrier yesterday, Pacific Blue, intensifying a fierce price dogfight on routes over the Tasman Sea and to key South Pacific destinations.
China to buy more than 1,900 airplanes by 2020: report
GE expects to win US$250m Air China engine deal
Air China aims to be No 1
THAI to start China, India, Laos services
Critical factors yet to be resolved: KLM, Air France
Newbuilds
Boxship orders extend yards' backlogs THE appetite of the big container shipping lines for new tonnage seems almost insatiable and remaining building slots for large tonnage before 2006 are getting scarce.
War risk premiums cut for ships calling Yemen A hard-fought reduction in war risk surcharges applied to Yemeni ports could see PSA Corporation salvage some of its Middle Eastern business and lure back customers who abandoned its Aden Container Terminal after a terrorist attack last year.
First S'pore ship achieves ISPS compliance THE first ship in Singapore's fleet achieved compliance with the new strict International Ship and Port Facility Security Code yesterday - 10 months ahead of the looming International Maritime Organisation's July 2004 deadline.
Tsakos Energy to sell remaining four single-hull tankers TSAKOS Energy Navigation, a Greek owner of medium-sized oil tankers, plans to shed its remaining four single-hull vessels by the first quarter as customers favour double-skinned units and new laws limit trading.
4 ships damaged in typhoon: Daewoo DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said four liquefied natural gas vessels it was building were damaged during the strongest typhoon to hit South Korea in a century.
Air and Land Transport
Virgin unveils trans-Tasman budget carrier VIRGIN Airlines unveiled its latest budget carrier yesterday, Pacific Blue, intensifying a fierce price dogfight on routes over the Tasman Sea and to key South Pacific destinations.
China to buy more than 1,900 airplanes by 2020: report
GE expects to win US$250m Air China engine deal
Air China aims to be No 1
THAI to start China, India, Laos services
Critical factors yet to be resolved: KLM, Air France
Newbuilds
Boxship orders extend yards' backlogs THE appetite of the big container shipping lines for new tonnage seems almost insatiable and remaining building slots for large tonnage before 2006 are getting scarce.
War risk premiums cut for ships calling Yemen A hard-fought reduction in war risk surcharges applied to Yemeni ports could see PSA Corporation salvage some of its Middle Eastern business and lure back customers who abandoned its Aden Container Terminal after a terrorist attack last year.
First S'pore ship achieves ISPS compliance THE first ship in Singapore's fleet achieved compliance with the new strict International Ship and Port Facility Security Code yesterday - 10 months ahead of the looming International Maritime Organisation's July 2004 deadline.
Tsakos Energy to sell remaining four single-hull tankers TSAKOS Energy Navigation, a Greek owner of medium-sized oil tankers, plans to shed its remaining four single-hull vessels by the first quarter as customers favour double-skinned units and new laws limit trading.
4 ships damaged in typhoon: Daewoo DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said four liquefied natural gas vessels it was building were damaged during the strongest typhoon to hit South Korea in a century.
Air and Land Transport
Virgin unveils trans-Tasman budget carrier VIRGIN Airlines unveiled its latest budget carrier yesterday, Pacific Blue, intensifying a fierce price dogfight on routes over the Tasman Sea and to key South Pacific destinations.
China to buy more than 1,900 airplanes by 2020: report
GE expects to win US$250m Air China engine deal
Air China aims to be No 1
THAI to start China, India, Laos services
Critical factors yet to be resolved: KLM, Air France
Newbuilds
Boxship orders extend yards' backlogs THE appetite of the big container shipping lines for new tonnage seems almost insatiable and remaining building slots for large tonnage before 2006 are getting scarce.
Australia: Bunker supply resuming at Port Kembla It has been about a year since Manildra Park Pty. Ltd. bought the BHP Transport Bunkering Facility at Port Kembla south of Sydney, Australia, and about 18 months since bunker supply ceased in the port as BHP Transport decided to get out of the bunkering business. Now at last news are emerging that Manildra Park Pty. Ltd., under the trading name Port Kembla Marine Fuels, is getting ready to resume supply of marine fuels at the port.
Upcoming OPEC meeting may halt oil price fall Oil traders will be weary of triggering a supply cut from OPEC next week by sending oil prices into the lower end of the cartel's $22 to $28 target range. The OPEC crude basket value yesterday was $25.59 per barrel.
US distillate deficit disappears as heating oil supply improves
Crude falls further after solid US inventory gains Oil prices fell yesterday in anticipation of weekly US data showing gains for crude and oil product stocks and fell further today after weekly data showed bigger inventory gains than market expectations. US crude imports soared to the highest level on record.
Baltic remains a hotchpotch of avails, demand, and weather The Baltic region is a mixture of fortunes today, with some ports enjoying much better avails than others and demand levels good for some ports, bad for others and for one Baltic port a kind of mixed blessing.
Piraeus bears prepare for autumn with a little prod from crude
Rotterdam moves down with crude, halts losses at noon
Korean bunkering fully restored in Maemi's aftermath Korean bunkering has fully recovered from the effects of typhoon Maemi, but reduced shipping due to extensive damage to facilities in the main ports means demand might take a little longer.
National Insurance victory for owners after Treasury U-turn BRITISH shipowners will continue to be allowed to avoid National Insurance contributions, after a government U-turn on plans to end the offshore contracts loophole.
EC defends treatment of lines THE European Commission has hit back at suggestions that it "loathes" the liner shipping industry.
Spain red-faced in Mangouras papers muddle ONE line of attack being pursued by the Spanish government in efforts to pin blame for the Prestige spill on the tanker's master and owners appeared on the verge of collapse yesterday when it was verified that Capt Apostolos Mangouras was properly certified.
Boost for Mexican builders MEXICO'S shipbuilding industry would be modernised as part of the government's plan to rejuvenate the ageing tanker fleet of state-owned oil company Pemex....
Talcahuano bid restrictions lifted CHILE'S CPC anti-trust commission has granted a waiver to allow the country's largest port operators the opportunity to bid for the port of Talcahuano....
Overhaul investigations, says Payer THE maritime industry must overhaul the whole process of casualty handling and investigation if it is to avoid restrictive and ill-thought-out legislation says Dr Hans Payer....
USCG issues Marpol guidelines THE US Coast Guard has issued new voluntary guidelines for US-flag vessels designed to help them conform with Marpol's new Annex IV for preventing marine pollution....
Syria to tighten marine pollution laws SHIP owners face tougher penalties under new marine pollution control laws being drafted by the Syrian government, officials in Damascus say....
Ports, carriers brace for hurricane Ports and ocean carriers serving the U.S. Mid-Atlantic region are preparing for the arrival of Hurricane Isabel, which is expected to make landfall on Thursday.
China fueling record bulk rates Bulk ocean freight rates have hit all-time highs as charterers compete for a dwindling supply of vessels to transport surging exports of coal and other commodities to China.
Cutbacks hurt FedEx earnings Restructuring of express drops first-quarter earnings to $128 million against $158 million a year ago.
Truckers return to Toronto intermodal terminals accelerating Cartage firms and independent drivers are returning in increasing numbers to Toronto's intermodal terminals following key initiatives announced in the past few days by intermodal terminal operators.
Dutch Government hints at imminent Maasvlakte II decision Dutch Transport Minister Karla Peijs spelt out government transport policy plans yesterday, which hinted at a final decision on the Maasvlakte II project.
No more big gains but charter market to remain buoyant
Hemmingsen takes terminal role as APMT moves to The Netherlands
Tidal wave floods Busan containers
Southern USEC bracing for Isabel's visit
Owners' market will continue into 2004 predicts UBS
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