OOIL's first-half profit soars to record US$79.5m HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.
Air and Land Transport
Qantas posts first loss as Sars, Iraq war take toll AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines
Admiralty Casebook
Training consultant loses claim for injuries AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.
OOIL's first-half profit soars to record US$79.5m HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.
Air and Land Transport
Qantas posts first loss as Sars, Iraq war take toll AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines
Admiralty Casebook
Training consultant loses claim for injuries AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.
OOIL's first-half profit soars to record US$79.5m HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.
Air and Land Transport
Qantas posts first loss as Sars, Iraq war take toll AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines
Admiralty Casebook
Training consultant loses claim for injuries AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.
Californian suppliers lament bunker tax US West Coast markets remain very quiet this week. It seems the effects of California State's hefty bunker tax are finally beginning to hit home. Sales volumes are way down. One supplier told bunkerworld today that their typical volumes are between 200,000 and 300,000 mt per month. So far this august they have sold just 26,000 mt.
Pacific NorthWest another casualty of MDO supply
IBIA moves to the seafront
ARA: Quiet market, but cutterstock shortage starts to bite
Skittish Japan sees numbers fall and product build
Bears still holding firm grip on Singapore's fuel oil market The Singapore fuel oil market continues to groan under the weight of high inventories, very limited regional demand and another big slew of arbitrage cargoes said to be on their way. How long will the bears stay?
Slight tightness mars Italy's otherwise sunny demeanour
Navy consolidates Gulf SUPSHIPS SUPSHIP New Orleans, La., and SUPSHIP Pascagoula, Miss., will be disestablished and replaced by a new command, SUPSHIP Gulf Coast, beginning Oct. 1.
Ten to cash in on thirst for tankers TSAKOS Energy Navigation has agreed in principle to cash in on high tanker demand by selling up to two of its recently delivered suezmaxes for investors in Germany's KG system.
SK Shipping dragged into accounting scandal SK SHIPPING has become embroiled in its parent company's Enronesque accounting scandal.
Australian LNG joint venture faces year-long delay CONSTRUCTION of a fifth liquefied natural gas train for Australia's giant North West Shelf project is likely to be delayed by at least a year.
New targets for Woodside as profits rise by 3% WOODSIDE Petroleum, Australia's second largest oil company, reported a three per cent improvement in first-half net profit to A$272.2m from a restated A$263.7m in 2002, writes Tony Gray.
Detained bulker's owner in dispute over scrap order A GREEK owner has denied claims by Britain's Maritime and Coastguard Agency that he is effectively being forced to scrap his structurally unsound bulk carrier, writes David Osler.
Boxship orders on record rally Orders for new containerships this year have already topped 1 million TEUs, more than doubling the contracts signed for all of 2002 and on track to surpass 2000, the previous record year.
NOL has strong second quarter Neptune Orient Lines reversed year-ago results for the second quarter as it reported a net profit of $68.5 million, compared with a loss of $63.8 million in 2002.
WTSA to up forest products rates Carriers look to get first rate hikes for lumber and pulp in two years.
NOL interims more than 30% higher than analysts' estimates Neptune Orient Lines (NOL), parent of APL and APL Logistics, exceeded all expectations in the first half-year reporting a net profit of US$88.8m on US$2.6 billion turnover.
Canada's West Coast labour negotiators edge toward a deal Progress in negotiations in Canada's West Coast labour dispute was reportedly made earlier this week and federal mediator Bill Lewis has asked the two sides to reconvene tomorrow.
Looking to the heavens: weather closes in on Maersk ship
Korea's truck drivers strike hits box terminals
Damaged Kiwi feeder heads for dock
Korean ministry calls for scrapping of port charges on transhipment boxes
Malaysian Customs agrees to speed release of detained boxes
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