Rates expected to continue rising THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60% YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.
Air and Land Transport
Narita airport expects to cut landing fees in 2005 NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book
Features
A history of supersonic setbacks BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.
Rates expected to continue rising THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60% YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.
Air and Land Transport
Narita airport expects to cut landing fees in 2005 NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book
Features
A history of supersonic setbacks BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.
Rates expected to continue rising THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60% YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.
Air and Land Transport
Narita airport expects to cut landing fees in 2005 NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book
Features
A history of supersonic setbacks BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.
Gibraltar: Fate of single hull storage vessel not yet clear On the eve of the EU-wide ban on single hulled tankers from carrying heavy grades of oil coming into effect, the fate of the large single-hull tanker Wilmington in Gibraltar remains unclear. The tanker is used exclusively as a floating storage unit for bunkers in the port of Gibraltar, which has limited capacity for land-based storage.
The Baltic in brief
Japanese market holds steady, price fall expected
Korea: Export cargo takes care of excess fuel oil avails It looks like it is neither feast nor famine in the Korean bunker market at the moment after refiner finds export outlet for excess fuel oil.
Tallinn quiet, market soft
Soft Great Belt quiet, buyers anticipate further price drops
VT Halter gets contract for second NOAA vessel National Oceanic and Atmospheric Administration (NOAA) has exercised its option to construct a second Fisheries Survey Vessel (FSV) at VT Halter Marine Inc.
CN to acquire Great Lakes Fleet, Inc. Canadian railroad CN is to acquire Great Lakes Fleet, Inc., which operates a fleet of eight U.S.-flag Great Lakes bulkers
BG Group orders LNG ships Three plus option four from Samsung.
Legal break for Vemaoil as single-hull rule comes into force THE Supreme Court in Gibraltar has ruled that Greek bunker supplier Vemaoil can temporarily continue operating a single-hull tanker to store fuel oil, despite new European rules banning the carriage of heavy grades of oil on such vessels.
Niotis unleashes stinging attack on Bimco priorities STELIOS Niotis has signed off as chairman of B imco's core documentary committee, aiming a broadside at what he depicts as the drifting direction of the world's largest shipping industry association.
Associations in race against time to block Solas access requirement LEADING flag states will be urged this week to overturn amendments to the Safety of Life at Sea Convention (Solas) which would require new tankers and bulkers to be designed with so-called 'permanent means of access' to facilitate tank inspection, writes Nigel Lowry in Athens.
Tasman master speaks to Fairplay THE master of the Tasman Spirit is adamant that rough monsoon conditions were primarily to blame for the 27 July grounding of the Polembros tanker at Karachi
Cargo vessel hits Istanbul landmark A Russian flagged cargo ship with no pilot on board struck the dock at the historic Sait Halim Pasha Mansion in Istanbul yesterday causing damage to the structure
Canadian National takes on shipping CANADIAN National is getting into the shipping business with the acquisition of Great Lakes Transportation for $380M.
Second ghost pair heading for UK THE second pair of ships from US MarAd's James River Reserve Fleet departed from Newport News on 16 October, heading for North-eastern England.
All change at Nigerian Ports Auth THE entire executive management and board of Nigerian Ports Authority is reported to have been dismissed on 16 October by the Nigerian government.
Stronger yen hits Namura JAPAN'S Namura Shipbuilding has warned that it will suffer a loss in the second half of the year ending in March 2004 because of the strength of the yen.
Witching hour for EU single-hulls Tankers transporting heavy fuel oil like the Prestige (left) will be barred from all European Union ports as of Tuesday.
Revival eyed for Va. terminal project Plans to construct a fourth marine terminal at Hampton Roads may have new life.
Court overturns dredging contract In closely watched case, a federal court throws out Corps' contract with dredger half-owned by foreign company.
Spending won't protect maritime terror targets: Bentley
Canadian National to buy U.S. rail, bulker company
Baltimore's WTC to re-open
India's Tuticorin gets new weekly service
ANZDL expands U.S. service
Pacer names Uremovich vice chairman
MOL acquires Shanghai forwarder
MTMC gets new name, adds Philadelphia as strategic port
Felixstowe needs Nuneaton rail container link Deferral of the intra-UK Felixstowe to Nuneaton (F2N) route upgrade could jeopardise Felixstowe's ability to handle 9'6" 'high-cube' containers, and jeopardise shipping lines' competitiveness, warn industry sources.
Israel cargo again restricted - this time by Customs
Demand pushes charter rates to record levels
ANZDL starts southbound from US East Coast
India postpones SCI sale in face of staff opposition
Shenzen seeks YICT expansion, to compete with rival Shanghai
Teesport's deep sea-ted ambition
Terminal seeks Port Klang Authority seat
Design work starts on Khor Fakkan terminal expansion
Distribution centre for European shippers' expansion in Baltics
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