Recovery in liner shipping forecast to continue A bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in box ship orders, according to investment bank UBS Warburg.
Baltic Exchange launches 2 new benchmarks THE Baltic Exchange in London, the world's only self-regulated shipping exchange, introduced two benchmarks to help importers and shipowners negotiate freight rates and assess ship values.
Keppel Phils Marine expects better end-2003 results KEPPEL Philippines Marine, the Philippines' largest shipyard operator, expects improved results by the end of this year.
Kvaerner to build world's largest cruise ship AKER Kvaerner, a Norwegian shipbuilder, won an order to build the world's largest passenger ship for Royal Caribbean Cruises.
Air and Land Transport
Cathay faces mass legal action on roster changes HONG Kong carrier Cathay Pacific is facing legal action by disgruntled pilots who claim management has ignored a court ruling against the airline over controversial roster changes, a report said yesterday.
EC ruling on airport subsidy may impact low-cost carriers
Xiamen Air in talks to sell stake to overseas investors
Istanbul-Delhi flights resume
Continental may join SkyTeam in spring: CEO
Lufthansa Cargo to replace B747s with MD-11s
Features
Colombo seeks foreign investors to expand port SRI Lanka is trying to attract investors to build a new basin and 10 berths to expand its port.
Port Shots
Port Shots MALAYSIA International Shipping Corp said it has taken delivery of its 16th liquefied natural gas tanker, strengthening its position as the world's largest carrier of LNG.
Recovery in liner shipping forecast to continue A bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in box ship orders, according to investment bank UBS Warburg.
Baltic Exchange launches 2 new benchmarks THE Baltic Exchange in London, the world's only self-regulated shipping exchange, introduced two benchmarks to help importers and shipowners negotiate freight rates and assess ship values.
Keppel Phils Marine expects better end-2003 results KEPPEL Philippines Marine, the Philippines' largest shipyard operator, expects improved results by the end of this year.
Kvaerner to build world's largest cruise ship AKER Kvaerner, a Norwegian shipbuilder, won an order to build the world's largest passenger ship for Royal Caribbean Cruises.
Air and Land Transport
Cathay faces mass legal action on roster changes HONG Kong carrier Cathay Pacific is facing legal action by disgruntled pilots who claim management has ignored a court ruling against the airline over controversial roster changes, a report said yesterday.
EC ruling on airport subsidy may impact low-cost carriers
Xiamen Air in talks to sell stake to overseas investors
Istanbul-Delhi flights resume
Continental may join SkyTeam in spring: CEO
Lufthansa Cargo to replace B747s with MD-11s
Features
Colombo seeks foreign investors to expand port SRI Lanka is trying to attract investors to build a new basin and 10 berths to expand its port.
Port Shots
Port Shots MALAYSIA International Shipping Corp said it has taken delivery of its 16th liquefied natural gas tanker, strengthening its position as the world's largest carrier of LNG.
Recovery in liner shipping forecast to continue A bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in box ship orders, according to investment bank UBS Warburg.
Baltic Exchange launches 2 new benchmarks THE Baltic Exchange in London, the world's only self-regulated shipping exchange, introduced two benchmarks to help importers and shipowners negotiate freight rates and assess ship values.
Keppel Phils Marine expects better end-2003 results KEPPEL Philippines Marine, the Philippines' largest shipyard operator, expects improved results by the end of this year.
Kvaerner to build world's largest cruise ship AKER Kvaerner, a Norwegian shipbuilder, won an order to build the world's largest passenger ship for Royal Caribbean Cruises.
Air and Land Transport
Cathay faces mass legal action on roster changes HONG Kong carrier Cathay Pacific is facing legal action by disgruntled pilots who claim management has ignored a court ruling against the airline over controversial roster changes, a report said yesterday.
EC ruling on airport subsidy may impact low-cost carriers
Xiamen Air in talks to sell stake to overseas investors
Istanbul-Delhi flights resume
Continental may join SkyTeam in spring: CEO
Lufthansa Cargo to replace B747s with MD-11s
Features
Colombo seeks foreign investors to expand port SRI Lanka is trying to attract investors to build a new basin and 10 berths to expand its port.
Port Shots
Port Shots MALAYSIA International Shipping Corp said it has taken delivery of its 16th liquefied natural gas tanker, strengthening its position as the world's largest carrier of LNG.
Recovery in liner shipping forecast to continue A bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in box ship orders, according to investment bank UBS Warburg.
Baltic Exchange launches 2 new benchmarks THE Baltic Exchange in London, the world's only self-regulated shipping exchange, introduced two benchmarks to help importers and shipowners negotiate freight rates and assess ship values.
Keppel Phils Marine expects better end-2003 results KEPPEL Philippines Marine, the Philippines' largest shipyard operator, expects improved results by the end of this year.
Kvaerner to build world's largest cruise ship AKER Kvaerner, a Norwegian shipbuilder, won an order to build the world's largest passenger ship for Royal Caribbean Cruises.
Air and Land Transport
Cathay faces mass legal action on roster changes HONG Kong carrier Cathay Pacific is facing legal action by disgruntled pilots who claim management has ignored a court ruling against the airline over controversial roster changes, a report said yesterday.
EC ruling on airport subsidy may impact low-cost carriers
Xiamen Air in talks to sell stake to overseas investors
Istanbul-Delhi flights resume
Continental may join SkyTeam in spring: CEO
Lufthansa Cargo to replace B747s with MD-11s
Features
Colombo seeks foreign investors to expand port SRI Lanka is trying to attract investors to build a new basin and 10 berths to expand its port.
Port Shots
Port Shots MALAYSIA International Shipping Corp said it has taken delivery of its 16th liquefied natural gas tanker, strengthening its position as the world's largest carrier of LNG.
Rotterdam: Vopak jetty closures confirmed, chaos anticipated Confirmation came through today that the VOPAK loading installation in Rotterdam - the port's main loading station for bunker barges - will close 2 of its 3 loading jetties during the first half of next week and again during the first half of the week thereafter.
Californian bunker industry lobbies Governor's office Bunker suppliers operating in California as well as various other interest groups - notably labour unions - have been lobbying the Governor's office on behalf of SB 808. "We have sent a petition to the Governor's office, and so have other suppliers," a major player in Los Angeles told Bunkerworld.
Brisk trade in Gibraltar as numbers swing up
Singapore suppliers eye rebound after steady Friday Mixed sentiment seemed to rule in Singapore today, with some suppliers cautious and anticipating a firming market next week, while others competed at the same price levels as yesterday even as fuel oil cargo values rebounded lightly.
Kyklades orders three suezmaxes GREECE'S Kyklades Maritime Corp has clinched an order for three wide-bodied suezmax tankers with Japan's Universal Shipbuilding Corp.
Royal Caribbean in Masa-Yards giant cruise deal ROYAL Caribbean has come good on its pledge to build what would at present be the biggest cruiseship in the world, with a firm order for a 160,000 gt, 3,600-passenger 'Ultra-Voyager' vessel at Kvaerner Masa-Yards in Finland.
Goshawk banking default looms as first half losses mount TROUBLED Lloyd's insurer Goshawk Insurance Holdings is expected to default on its bank covenant arrangements on Friday after last week's warning of larger-than-expected first half losses.
Fresh optimism for prospects at German yards GERMANY'S crisis-ridden shipbuilding industry is seeing light at the end of the tunnel.
Ports shut for Hurricane Isabel MOST ports in the US East Coast mid-Atlantic region were closed today after Hurricane Isabel battered the coastline overnight
Cruise start-up already in profit OCEANIA Cruises, the Miami-based start up cruise venture, broke even in July and made a net profit in August, chairman Joseph A Watters told Fairplay
Terminal plans collapse BOTH Maersk and CSX World Terminals have submitted technical objections instead of financial bids for Vallapardam, which Kochi port trustees believe are excuses
Cruisers return to Carnival "ROBUST demand" for cruise vacations after the main Iraq conflict has pushed up bookings and profits for the world's largest cruise operator, Carnival Corp
Tsavliris team attempt to leave THE eight-man Tsavliris salvage team will attempt to fly from Karachi airport tomorrow, even though three of them are still banned from leaving Pakistan
Smit seeks buyer for URS stake DUTCH towage and salvage giant Smit Internationale is keen to free up capital for further expansion by selling some of the shares in Belgian towage operator URS
Stuttering Atlantic EB volumes could see vessels transferred to lucrative Asian export trades Shipping lines operating in the three major east/west trades are considering transferring tonnage from the under-performing Atlantic routes to the more lucrative Pacific and Asia/Europe trades.
MOMAF maps out relief measures for Busan Port The Ministry of Maritime Affairs and Fisheries (MOMAF) has announced relief measures following the extensive damage caused by Typhoon Maemi at Busan earlier this week.
ERS launches Rotterdam-Duisburg shuttle
China Merchants seals US$500m Qingdao logistics deal
Tax on Brazilian transhipments stopped by Sindamar injunction
Australia's north-south rail link completed
Canadian West Coast contract talks resume
Panalpina reports good first-half results, despite pressures
PSA expects 6% growth in Singapore volumes this year
Canadian intermodal traffic up strongly in H1, but H2 figures will be worse
Fremantle container movement study finishes this weekend
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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