Shipping may come to a standstill in Gulf INSURANCE brokers expect commercial shipping in the Persian Gulf to come to a standstill today as the world's leading underwriters may cancel coverage on ships and airplanes if war breaks out.
Hanjin operating profit slides 95% to 11.7b won HANJIN Shipping's operating profit collapsed 95 per cent in 2002 to 11.7 billion won , from 253.7 billion won in 2001, the Korean containerline has revealed.
Convicted Filipino officer to appeal THE 39-year-old Filipino watch officer who was sentenced to five years by a Norwegian court last Thursday said he would appeal the decision.
Shenzhen to seek approval for new container terminals CHINA's southern boom town of Shenzhen is seeking to submit a new container terminal project, with investment for phase one estimated at seven billion yuan , to Beijing for approvals.
NZ's Ports of Auckland Feb container volumes rise NEW Zealand's largest port operator Ports of Auckland Ltd said on Tuesday that its container volumes for February were up 12 per cent on the same month a year earlier, and by 8 per cent for the 12 months ended February.
Air and Land Transport
Airlines slash services as traffic falls ahead of war in Mid-East THE airline industry, already crippled by a weak economy, scrambled on Tuesday to prepare for the effect of a war with Iraq by suspending and eliminating flights and warning employees to expect emergency cuts in wages and benefits amid signs that air traffic is declining.
Tanker and container ship orders boost Korean yards LAST year world output grew by 1.3 per cent but global exports decreased by 1.5 per cent and world seaborne trade declined by one per cent.
Shipping may come to a standstill in Gulf INSURANCE brokers expect commercial shipping in the Persian Gulf to come to a standstill today as the world's leading underwriters may cancel coverage on ships and airplanes if war breaks out.
Hanjin operating profit slides 95% to 11.7b won HANJIN Shipping's operating profit collapsed 95 per cent in 2002 to 11.7 billion won , from 253.7 billion won in 2001, the Korean containerline has revealed.
Convicted Filipino officer to appeal THE 39-year-old Filipino watch officer who was sentenced to five years by a Norwegian court last Thursday said he would appeal the decision.
Shenzhen to seek approval for new container terminals CHINA's southern boom town of Shenzhen is seeking to submit a new container terminal project, with investment for phase one estimated at seven billion yuan , to Beijing for approvals.
NZ's Ports of Auckland Feb container volumes rise NEW Zealand's largest port operator Ports of Auckland Ltd said on Tuesday that its container volumes for February were up 12 per cent on the same month a year earlier, and by 8 per cent for the 12 months ended February.
Air and Land Transport
Airlines slash services as traffic falls ahead of war in Mid-East THE airline industry, already crippled by a weak economy, scrambled on Tuesday to prepare for the effect of a war with Iraq by suspending and eliminating flights and warning employees to expect emergency cuts in wages and benefits amid signs that air traffic is declining.
Tanker and container ship orders boost Korean yards LAST year world output grew by 1.3 per cent but global exports decreased by 1.5 per cent and world seaborne trade declined by one per cent.
Shipping may come to a standstill in Gulf INSURANCE brokers expect commercial shipping in the Persian Gulf to come to a standstill today as the world's leading underwriters may cancel coverage on ships and airplanes if war breaks out.
Hanjin operating profit slides 95% to 11.7b won HANJIN Shipping's operating profit collapsed 95 per cent in 2002 to 11.7 billion won , from 253.7 billion won in 2001, the Korean containerline has revealed.
Convicted Filipino officer to appeal THE 39-year-old Filipino watch officer who was sentenced to five years by a Norwegian court last Thursday said he would appeal the decision.
Shenzhen to seek approval for new container terminals CHINA's southern boom town of Shenzhen is seeking to submit a new container terminal project, with investment for phase one estimated at seven billion yuan , to Beijing for approvals.
NZ's Ports of Auckland Feb container volumes rise NEW Zealand's largest port operator Ports of Auckland Ltd said on Tuesday that its container volumes for February were up 12 per cent on the same month a year earlier, and by 8 per cent for the 12 months ended February.
Air and Land Transport
Airlines slash services as traffic falls ahead of war in Mid-East THE airline industry, already crippled by a weak economy, scrambled on Tuesday to prepare for the effect of a war with Iraq by suspending and eliminating flights and warning employees to expect emergency cuts in wages and benefits amid signs that air traffic is declining.
Tanker and container ship orders boost Korean yards LAST year world output grew by 1.3 per cent but global exports decreased by 1.5 per cent and world seaborne trade declined by one per cent.
EC approves German shipbuilding subsidy scheme German yards that face Koream competition may get a 6% subsidy
Keppel Shipyard wins major conversion projects Keppel Shipyard has won another FPSO conversion contract from SBM and is to upgrade a dredge for Belgium's Jan de Nul
Iraq deadline day THE world shipping industry has braced itself for a US-led invasion of Iraq, which now seems almost certain today or tomorrow.
Insurers set to cancel cover INSURERS were preparing to cancel coverage of marine and other risks in key areas on an outbreak of hostilities, writes James Brewer.
Mangouras urges Europe to address 'scapegoat' issue APOSTOLOS Mangouras, master of the Prestige , has urged the European Parliament's transport committee to address the treatment of seafarers who are singled out as "political scapegoats" after major casualties, writes Brian Reyes .
Few answers at Prestige hearing There were heated exchanges in the European Parliament yesterday as government and industry speakers repeatedly ducked tough questions from MEPs about the way the Prestige casualty was handled.
Refusing refuge a danger says O'Neil THERE were "clear indications" that refusing ships in distress a place of refuge could result in "compounding the problem which ultimately endangers both life, the ship and the environment", International Maritime Organisation secretary-general William O'Neil said yesterday.
'Business as usual' for U.S. box trade The looming war with Iraq and raising of the U.S. terror alert status has not impacted the movement of ocean container trade in and out of the country, government officials and logistics directors say.
More security at U.S.-Canada border There were scattered delays for commercial traffic entering the U.S. at land border crossings.
Ground gains power FedEx earnings Solid growth by ground delivery units helped boost earnings despite another weak showing by air express.
EU to negotiate U.S. box security deal
Airlines cut flights ahead of war
Congress agrees on TEA-21 resolution
DHL Airways names former Northwest president as CEO
Underwriters restrict Persian Gulf cargoes
CMA CGM, P&O Nedlloyd introduce Asia-U.S. Gulf service
Payment dispute stops dredging of St. Lawrence River
Unprecedented charter recovery will continue, says broker Containership charter earnings continue to recover at an 'unprecedented' rate, according to shipbroker Howe Robinson, as medium size (1,000-2,000TEU) vessels follow the lead of larger vessels.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
