Star Cruises chalks up US$31m loss in first half MALAYSIA's Star Cruises loss ballooned to US$31.2 million in the first half of 2003 - battered by the Sars-related tourism fallout in Asia in the second quarter.
Aussie-US naval exercises may be postponed JOINT Australian and US naval exercises planned for next month as part of the controversial Proliferation Security Initiative may be postponed after whipping up a political storm in North Korea, believed to be the target of the operation.
Last of Sars-related measures lifted THE Maritime and Port Authority of Singapore has lifted health declaration requirements for vessel crew in the final easing of Sars-related maritime precautions.
Maersk ship beached near Cape Town SALVAGE experts worked through gusting winds and squally rain to rescue a giant container ship which was beached near Cape Town on Tuesday after storms dragged the anchored vessel ashore.
Rare turtles safe from spill THE oil slick from a grounded Greek- flagged tanker that broke up last week outside Pakistan's main port of Karachi missed the beaches of Sandspit and Hawkes Bay, nesting grounds for two species of endangered marine turtles.
Air and Land Transport
Qantas may report first loss since selling shares in 1995 QANTAS Airways, Australia's biggest airline, may report its first loss since selling shares in 1995 because war in Iraq and the Sars outbreak forced it to cancel flights and sack more than 1,400 workers.
Strike causes chaos at Aussie airports
Sydney airport's July traffic up
Swiss Int'l narrows Q2 losses to 133m francs
Airbus on track to deliver 555-seat A380 by 2006
LOG Book
Newbuilds
China's yards expanding rapidly IT JUST so happens that no contract at a Chinese yard is featured in this week's new orders list.
Star Cruises chalks up US$31m loss in first half MALAYSIA's Star Cruises loss ballooned to US$31.2 million in the first half of 2003 - battered by the Sars-related tourism fallout in Asia in the second quarter.
Aussie-US naval exercises may be postponed JOINT Australian and US naval exercises planned for next month as part of the controversial Proliferation Security Initiative may be postponed after whipping up a political storm in North Korea, believed to be the target of the operation.
Last of Sars-related measures lifted THE Maritime and Port Authority of Singapore has lifted health declaration requirements for vessel crew in the final easing of Sars-related maritime precautions.
Maersk ship beached near Cape Town SALVAGE experts worked through gusting winds and squally rain to rescue a giant container ship which was beached near Cape Town on Tuesday after storms dragged the anchored vessel ashore.
Rare turtles safe from spill THE oil slick from a grounded Greek- flagged tanker that broke up last week outside Pakistan's main port of Karachi missed the beaches of Sandspit and Hawkes Bay, nesting grounds for two species of endangered marine turtles.
Air and Land Transport
Qantas may report first loss since selling shares in 1995 QANTAS Airways, Australia's biggest airline, may report its first loss since selling shares in 1995 because war in Iraq and the Sars outbreak forced it to cancel flights and sack more than 1,400 workers.
Strike causes chaos at Aussie airports
Sydney airport's July traffic up
Swiss Int'l narrows Q2 losses to 133m francs
Airbus on track to deliver 555-seat A380 by 2006
LOG Book
Newbuilds
China's yards expanding rapidly IT JUST so happens that no contract at a Chinese yard is featured in this week's new orders list.
Star Cruises chalks up US$31m loss in first half MALAYSIA's Star Cruises loss ballooned to US$31.2 million in the first half of 2003 - battered by the Sars-related tourism fallout in Asia in the second quarter.
Aussie-US naval exercises may be postponed JOINT Australian and US naval exercises planned for next month as part of the controversial Proliferation Security Initiative may be postponed after whipping up a political storm in North Korea, believed to be the target of the operation.
Last of Sars-related measures lifted THE Maritime and Port Authority of Singapore has lifted health declaration requirements for vessel crew in the final easing of Sars-related maritime precautions.
Maersk ship beached near Cape Town SALVAGE experts worked through gusting winds and squally rain to rescue a giant container ship which was beached near Cape Town on Tuesday after storms dragged the anchored vessel ashore.
Rare turtles safe from spill THE oil slick from a grounded Greek- flagged tanker that broke up last week outside Pakistan's main port of Karachi missed the beaches of Sandspit and Hawkes Bay, nesting grounds for two species of endangered marine turtles.
Air and Land Transport
Qantas may report first loss since selling shares in 1995 QANTAS Airways, Australia's biggest airline, may report its first loss since selling shares in 1995 because war in Iraq and the Sars outbreak forced it to cancel flights and sack more than 1,400 workers.
Strike causes chaos at Aussie airports
Sydney airport's July traffic up
Swiss Int'l narrows Q2 losses to 133m francs
Airbus on track to deliver 555-seat A380 by 2006
LOG Book
Newbuilds
China's yards expanding rapidly IT JUST so happens that no contract at a Chinese yard is featured in this week's new orders list.
Surprise US crude draw encourage bulls back into the market The unexpected fall in US stocks of crude served to cheer up the bulls, who have been tired over the past week after chasing the market solidly up during the summer. On the other hand, a solid rise in US stocks of heating oil could likewise convince bears that it is too early for them to retire into winter hibernation.
Romania: New bunker location on the Danube Unicom Holding SA announced today that the company has started offering Marine Gas Oil (MGO) with 0.2% sulphur to river vessels on the Danube at the port of Turnu Severin.
Greek numbers not quite as bearish as the rest of the region
New Saudi posted prices, market softens
Crude still soft as market bets on US crude build Bombs in Iraq and a flaring up of ethnic violence in Nigeria's main oil producing region were not enough to turn sentiment around in a market that looks positively lethargic after trading steadfastly firmer in recent weeks.
Brazilian market update, IFOs soften
Korea's situation unchanged as buyers wait for best deals Buyers are still waiting for Korean suppliers to dump thier product in a market with too much product and very little demand.
BG takes up Korean LNG ship options UK GAS group BG is understood to have converted several options on LNG carriers at Samsung Heavy Industries into firm orders worth hundreds of millions of dollars to the South Korean yard.
Buoyant liner freight rates propel AP Møller-Maersk shares to new heights Shares in AP Møller-Maersk, the Danish shipping and oil giant, yesterday touched new highs as buoyant freight rates continued to lift the stock market value of liner firms.
Search continues for chairman of liner association LINER shipping bosses will meet in Hamburg today to decide who should spearhead their campaign to save the conference system, writes Janet Porter.
Van Westenbrugge quits Jo Tankers over 'differences' ANOTHER top executive with a leading chemical tanker operator is leaving his job, write Tony Gray and Helen Hill.
Security's impact changing supply chain fundamentals, say importers Security requirements are changing the way shippers do business, how they choose overseas vendors, and with whom they ship.
Asia spurs Charleston box record Riding a wave of imports from Asia, the port handled a record 1.68 million TEUs in fiscal 2002, up 11 percent from the previous year.
Box boom propels OOIL profit The parent of OOCL earned $88.7 million before taxes in the first six months of the year, compared with $4.1 million a year ago.
CFOs: Logistics strategy, operations still not linked
Bangladesh drops cargo preference rule
DiStasio new president, CEO of USF Corp.
Chemical maker buys stake in HMM
Georgia ports, schools establish logistics think tank
Mammoth cargo increases send OOCL profits soaring Booming volumes and vastly improved freight rates on its major trades were the reasons for OOCL's parent, Orient Overseas International Ltd (OOIL), better than expected second half volumes.
Sealand Express salvage operations fail Salvage tugs have failed in their attempts to re-float the Maersk Sealand chartered vessel, Sealand Express, which dragged its anchor planting the ship firmly aground outside Cape Town yesterday.
Tight charter market sees owners riding high through the silly season
Cross-trader CSAV profits from global trade expansion
Electronic security tag technology stalled
Expectations of NOL recovery are riding high
Concor and Maersk to enter joint bid for Nhava Sheva's T3
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