Pipavav port set for major upgrade? PLANNED upgrading of India's privately-run Pipavav Port, in which PSA Corporation holds a stake, could involve 11 billion rupee worth of investment to transform the predominantly bulk cargo facility into a modern container terminal, according to a senior port official.
Box volumes at S'pore's ports up 7.3% SINGAPORE's ports enjoyed 7.3 per cent container throughput growth and 2 per cent total cargo growth in the first nine months of this year, figures released by the Maritime and Port Authority of Singapore show.
Pact signed on tighter checks of US-bound cargo in EU ports THE European Union agreed with the United States to tighten scans of US-bound containers at seaports to prevent weapons smuggling by terrorists.
Patrick Corp's annual profit up nearly 50% AUSTRALIAN transport group Patrick Corp posted a near 50 per cent rise in annual profit yesterday due to a surge in shipping volumes through its ports and strong earnings from discount airline Virgin Blue.
AP Moeller chairman, 90, to retire next month MAERSK Mc-Kinney Moeller, rated as Denmark's richest and second most powerful man after the prime minister, retires next month, aged 90, after almost 30 years at the helm of the country's biggest private enterprise, shipping and oil group AP Moeller-Maersk.
Air and Land Transport
Hong Kong, Australia fail to sign new air agreement QANTAS Airways will have to postpone plans to carry passengers to Europe from Hong Kong, while Cathay Pacific Airways won't be able to fly between Sydney and the US, after aviation officials from Australia and Hong Kong failed to agree on a new air services agreement.
Pipavav port set for major upgrade? PLANNED upgrading of India's privately-run Pipavav Port, in which PSA Corporation holds a stake, could involve 11 billion rupee worth of investment to transform the predominantly bulk cargo facility into a modern container terminal, according to a senior port official.
Box volumes at S'pore's ports up 7.3% SINGAPORE's ports enjoyed 7.3 per cent container throughput growth and 2 per cent total cargo growth in the first nine months of this year, figures released by the Maritime and Port Authority of Singapore show.
Pact signed on tighter checks of US-bound cargo in EU ports THE European Union agreed with the United States to tighten scans of US-bound containers at seaports to prevent weapons smuggling by terrorists.
Patrick Corp's annual profit up nearly 50% AUSTRALIAN transport group Patrick Corp posted a near 50 per cent rise in annual profit yesterday due to a surge in shipping volumes through its ports and strong earnings from discount airline Virgin Blue.
AP Moeller chairman, 90, to retire next month MAERSK Mc-Kinney Moeller, rated as Denmark's richest and second most powerful man after the prime minister, retires next month, aged 90, after almost 30 years at the helm of the country's biggest private enterprise, shipping and oil group AP Moeller-Maersk.
Air and Land Transport
Hong Kong, Australia fail to sign new air agreement QANTAS Airways will have to postpone plans to carry passengers to Europe from Hong Kong, while Cathay Pacific Airways won't be able to fly between Sydney and the US, after aviation officials from Australia and Hong Kong failed to agree on a new air services agreement.
Oil falls as US crude build overshadows product draws Although elements in the DOE and API reports are supportive, it is not enough to prevent a correction following yesterday's rather overdone rally on both crude and oil products. We take a more detailed look at the US stock data.
Weekly report on key US oil inventory data
Piraeus IFOs soften quietly - for the time being
Korean bunkers still suffering from domestic and export markets
Chemoil confirms withdrawal from Istanbul bunker market Competition from Black Sea ports is a major factor behind Chemoil's decision to withdraw from Istanbul. "This growth raises a question whether Istanbul can sustain its demand in future years", the company said. The company also criticised the Turkish government for turning a blind eye to the use of single-hulled floating storage.
New Saudi posted prices
OPEC turns blind eye to soaring oil price, talk of new cuts
Crude prices at 8-month high after surprise rally The rally seems to have taken most of the market by surprise, and was triggered to a large extent by hefty fund buying as selling interest after Monday's profit taking evaporated.
US set to force 'smart' box plan on wary liner industry DESPITE liner industry misgivings, the Bush Administration's Department of Homeland Security is to push ahead with plans to force the introduction of new 'smart' containers into the US trades.
Conferences are not price-fixing cartels say EU's 'five wise men' THE European Commission's review of liner shipping has taken a dramatic twist with a panel of experts challenging the popular perception that conferences are rate-setting cartels.
High noon for knife-edge port services vote LOYOLA de Palacio has mounted a robust defence of her controversial port services directive, which faces a final cliffhanger vote at noon today in the European Parliament.
AP Møller awaits Rasmussen AP Møller-Maersk could embark on a new course under its new chairman Michael Pram Rasmussen, Fairplay has been told
P&O Ferries takes on easyJet P&O Ferries says it will take on low-cost airline rivals with its new 'Light Night' package
Turku workers walk out MORE than 1,300 workers at Kv'rner Masa-Yards' facility in Turku, Finland went on a half-day strike today in protest against job losses
Have your say! DO you have experience of PSC corruption? Has the reputation of PSC been irretrievably tarnished? Or is Swift overstating the case? Have your say to letters@fairplay.co.uk
Chemoil pulls out of Istanbul GLOBAL bunker supplier Chemoil is to close its operation in Istanbul despite being market leader in the Bosphorus for the first half of 2003
Top level calls for Prestige probe SPAIN'S national ombudsman has stepped up calls for a parliamentary inquiry into the Prestige disaster after new reports attacked Madrid's handling of the incident
U.S. wants upgraded box security But ocean carriers take wait-and-see stance on Washington's offer of expedited clearance for anti-terror 'smart boxes.'
Lufthansa cuts Germany rates World's largest airfreight carrier looking to regain market share.
Bilateral pacts to aid FTAA: Zoellick The United States' top trade official defended Washington's pursuit of individual deals even as representatives meet to discuss the encompassing Free Trade Area of the Americas.
Port of NY/NJ gets dredging funds
China move won't disrupt apparel imports
Support for security nominee Loy
Security is government responsibility, says IATA chief
Cops bust Frankfurt air-cargo theft ring
Yellow selling notes to finance Roadway deal
Injunction bars Israel transport shutdown
Air-cargo portal adds Australia market
Taiwan airline resumes Delhi service
At TransComp: Shippers expect transport costs to rise
Ports directive: third-largest party grouping confirms its vote A day before the Ports Directive vote, the third-largest party grouping has finally confirmed its support, while the rapporteur on the dossier warned of the consequences of a 'no' vote.
Hansung Shipping bankrupt Hansung Shipping announced bankruptcy yesterday, and Choi Pung Nam - president and CEO - is believed to have fled.
US food importers reassured over FDA rules
Rotterdam plans to forge barge terminals network
Top Chilean port volumes rise 24% to 397,752TEU
Top tier of charter ships riding high
Dubai Port Authority wins Constantza terminal contract
Peru to invest US$30million in ports
Heller at the tiller of EWS Railway
Department of Homeland Security seeking security innovations
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