Industry closely watching probe of Penrider incident MARITIME organisations and shipowners are closely watching progress of Malaysian investigations into a case where a ransom was paid to secure the release of three crew members of a ship that was attacked by pirates in the Malacca Straits.
China container maker posts 41% rise in earnings THE world's top maker of shipping containers, China International Marine Containers , chalked up a 41 per cent surge in second-quarter earnings and predicted a brighter 2003 as the global economy improves.
Rough seas delay pumping of oil from leaking tanker HIGH tides and strong winds hampered crews trying to pump oil from a leaking tanker on Sunday, as dozens more workers began cleaning a beach polluted by oily sludge from the ship stranded off the coast of Pakistan's largest city, Karachi, officials said.
Pakistan to fine shipowner for polluting harbour PAKISTANI port officials said they would fine a Greek shipping company whose tanker broke in two spilling thousands of tonnes of oil into the sea near the port city of Karachi.
Wreck of 1800s steamer found THE wreck of a 19th century paddle-wheel steamship that was carrying up to US$180 million in gold coins may have been found on the bottom of the Atlantic Ocean off Georgia, a marine salvage company said.
Air and Land Transport
Alliance with Qantas crucial to Air NZ's survival: CEO AIR New Zealand's future is in doubt if a proposed alliance with Australian flag carrier Qantas does not go ahead, Air NZ chief executive Ralph Norris said yesterday.
Air India's full year profits soar
Swiss carrier must find an investor to survive: analysts
Industry closely watching probe of Penrider incident MARITIME organisations and shipowners are closely watching progress of Malaysian investigations into a case where a ransom was paid to secure the release of three crew members of a ship that was attacked by pirates in the Malacca Straits.
China container maker posts 41% rise in earnings THE world's top maker of shipping containers, China International Marine Containers , chalked up a 41 per cent surge in second-quarter earnings and predicted a brighter 2003 as the global economy improves.
Rough seas delay pumping of oil from leaking tanker HIGH tides and strong winds hampered crews trying to pump oil from a leaking tanker on Sunday, as dozens more workers began cleaning a beach polluted by oily sludge from the ship stranded off the coast of Pakistan's largest city, Karachi, officials said.
Pakistan to fine shipowner for polluting harbour PAKISTANI port officials said they would fine a Greek shipping company whose tanker broke in two spilling thousands of tonnes of oil into the sea near the port city of Karachi.
Wreck of 1800s steamer found THE wreck of a 19th century paddle-wheel steamship that was carrying up to US$180 million in gold coins may have been found on the bottom of the Atlantic Ocean off Georgia, a marine salvage company said.
Air and Land Transport
Alliance with Qantas crucial to Air NZ's survival: CEO AIR New Zealand's future is in doubt if a proposed alliance with Australian flag carrier Qantas does not go ahead, Air NZ chief executive Ralph Norris said yesterday.
Air India's full year profits soar
Swiss carrier must find an investor to survive: analysts
Baltic markets soft to steady, some avails problems
Mixed avails in Tallinn, spread widens
US: New player in East Coast bunker market Huguenot Energy, LLC announced on Friday that the company has entered into the Marine Bunker Market in the Port of Charleston, South Carolina. With its own bunker barge, and staff with long-running experience in the shipping, oil and marine fuel industries, the company hopes to attract business to the port which lies approximately half-way between New York and Miami.
Brazilian market update, prices soften in most ports
Plenty of headlines to keep crude firm Crude prices have been strong this Monday morning, but in some respects only moderately firm in light of the latest headlines to hit the market. Chief among these is the sabotage of the northern oil pipeline in Iraq, which stood ablaze late Friday after just 2 days of post-war operation.
Sabotage reduces Iraq oil exports to a trickle SABOTAGE and theft in Iraq has served to keep very large crude carriers anchored off its ports, reduce oil exports to a trickle and keep Brent futures hovering close to the $30 mark.
Ex-Alstom boss Bilger hands back E 4.1m payoff package FORMER Alstom group chairman and chief executive Pierre Bilger is to give up the E 4.1m ($4.57m) severance package he was awarded earlier this year in an attempt to spare the struggling industrial group controversy over the question.
Lloyd's tightens its rein on short-term capital quota LLOYD'S is preparing to exercise a tighter rein on the amount of short-term capital it allows into the market, writes James Brewer.
Charter-back deal cements Frontline ties with Dr Peters FRONTLINE has further forged its relationship with German ship financing company Dr Peters by entering into charter-back deal on two of its ships, writes Katrin Berkenkopf in Cologne.
Asian shippers question charges Asian shippers are urging ocean carriers to simplify and clarify their charges to customers, and endorsed a challenge of terminal handling charges in China.
NAS: Create U.S. freight database A new report from the National Academies of Science recommends the creation of a national freight data database to replace the current patchwork of sources.
Malaysia port mulling PSA link The fast-growing Port of Tanjung Pelepas is reportedly eyeing a tie-up with arch-rival PSA Corp. Ltd. of Singapore.
Lines lift congestion charges in two S. African ports The US Southern Africa Conference and the Europe Southern Africa Conference have lifted the US$100 per container surcharge they imposed on cargo at Cape Town and Port Elizabeth.
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