Cosco Pacific H1 profit rises 5.4% CHINA-backed Cosco Pacific Ltd reported a 5.4 per cent rise in first-half net profit on Monday as the ports operator expanded its container leasing operation, the world's fifth largest.
PSA's Tuticorin terminal volumes up 4.3% in first qtr PSA Corporation's key Indian venture at Tuticorin scraped together a 4.3 per cent volume growth in the first quarter of this financial year, after its loss of some box traffic in FY2002 alarmed officials.
Oil tanker rates may rise for 7th week on Oct bookings OIL tanker rates in the Persian Gulf may rise for a seventh week as charterers make inquiries for vessels to load crude oil in October, prompting shipowners to raise freight costs.
Lanka Maritime says fuel deal with BP in pipeline LANKA Maritime Services, a unit of Sri Lanka's national shipping company, said it may start buying fuel from BP plc's Singapore trading unit to supply vessels in Colombo and nearby ports.
Air and Land Transport
S'pore air cargo sector lauds relaxed rules with Australia SINGAPORE's air cargo industry has welcomed yesterday's air services agreement with Australia, that effectively eliminates all restrictions on freight flights between and beyond both countries except the US.
Swiss inks deal with BA to join Oneworld
US regulators urged to take action against jetBlue
Passengers want 'young, pretty' female crew: MAS
Heathrow Express faces strikes next month
Delta Air Lines launches fare sale, others match
Strait Talk
Hard bargaining ahead on new pay deal for seafarers AS you read this, a meeting should be underway in Cyprus that is part of the process of thrashing out a new international wage bargaining system for shipping.
Port Shots
Port Shots THE ports unit of Hong Kong conglomerate Hutchison Whampoa is in talks to boost its investment in the Chinese port of Ningbo, The Standard newspaper reported.
Cosco Pacific H1 profit rises 5.4% CHINA-backed Cosco Pacific Ltd reported a 5.4 per cent rise in first-half net profit on Monday as the ports operator expanded its container leasing operation, the world's fifth largest.
PSA's Tuticorin terminal volumes up 4.3% in first qtr PSA Corporation's key Indian venture at Tuticorin scraped together a 4.3 per cent volume growth in the first quarter of this financial year, after its loss of some box traffic in FY2002 alarmed officials.
Oil tanker rates may rise for 7th week on Oct bookings OIL tanker rates in the Persian Gulf may rise for a seventh week as charterers make inquiries for vessels to load crude oil in October, prompting shipowners to raise freight costs.
Lanka Maritime says fuel deal with BP in pipeline LANKA Maritime Services, a unit of Sri Lanka's national shipping company, said it may start buying fuel from BP plc's Singapore trading unit to supply vessels in Colombo and nearby ports.
Air and Land Transport
S'pore air cargo sector lauds relaxed rules with Australia SINGAPORE's air cargo industry has welcomed yesterday's air services agreement with Australia, that effectively eliminates all restrictions on freight flights between and beyond both countries except the US.
Swiss inks deal with BA to join Oneworld
US regulators urged to take action against jetBlue
Passengers want 'young, pretty' female crew: MAS
Heathrow Express faces strikes next month
Delta Air Lines launches fare sale, others match
Strait Talk
Hard bargaining ahead on new pay deal for seafarers AS you read this, a meeting should be underway in Cyprus that is part of the process of thrashing out a new international wage bargaining system for shipping.
Port Shots
Port Shots THE ports unit of Hong Kong conglomerate Hutchison Whampoa is in talks to boost its investment in the Chinese port of Ningbo, The Standard newspaper reported.
Cosco Pacific H1 profit rises 5.4% CHINA-backed Cosco Pacific Ltd reported a 5.4 per cent rise in first-half net profit on Monday as the ports operator expanded its container leasing operation, the world's fifth largest.
PSA's Tuticorin terminal volumes up 4.3% in first qtr PSA Corporation's key Indian venture at Tuticorin scraped together a 4.3 per cent volume growth in the first quarter of this financial year, after its loss of some box traffic in FY2002 alarmed officials.
Oil tanker rates may rise for 7th week on Oct bookings OIL tanker rates in the Persian Gulf may rise for a seventh week as charterers make inquiries for vessels to load crude oil in October, prompting shipowners to raise freight costs.
Lanka Maritime says fuel deal with BP in pipeline LANKA Maritime Services, a unit of Sri Lanka's national shipping company, said it may start buying fuel from BP plc's Singapore trading unit to supply vessels in Colombo and nearby ports.
Air and Land Transport
S'pore air cargo sector lauds relaxed rules with Australia SINGAPORE's air cargo industry has welcomed yesterday's air services agreement with Australia, that effectively eliminates all restrictions on freight flights between and beyond both countries except the US.
Swiss inks deal with BA to join Oneworld
US regulators urged to take action against jetBlue
Passengers want 'young, pretty' female crew: MAS
Heathrow Express faces strikes next month
Delta Air Lines launches fare sale, others match
Strait Talk
Hard bargaining ahead on new pay deal for seafarers AS you read this, a meeting should be underway in Cyprus that is part of the process of thrashing out a new international wage bargaining system for shipping.
Port Shots
Port Shots THE ports unit of Hong Kong conglomerate Hutchison Whampoa is in talks to boost its investment in the Chinese port of Ningbo, The Standard newspaper reported.
Cosco Pacific H1 profit rises 5.4% CHINA-backed Cosco Pacific Ltd reported a 5.4 per cent rise in first-half net profit on Monday as the ports operator expanded its container leasing operation, the world's fifth largest.
PSA's Tuticorin terminal volumes up 4.3% in first qtr PSA Corporation's key Indian venture at Tuticorin scraped together a 4.3 per cent volume growth in the first quarter of this financial year, after its loss of some box traffic in FY2002 alarmed officials.
Oil tanker rates may rise for 7th week on Oct bookings OIL tanker rates in the Persian Gulf may rise for a seventh week as charterers make inquiries for vessels to load crude oil in October, prompting shipowners to raise freight costs.
Lanka Maritime says fuel deal with BP in pipeline LANKA Maritime Services, a unit of Sri Lanka's national shipping company, said it may start buying fuel from BP plc's Singapore trading unit to supply vessels in Colombo and nearby ports.
Air and Land Transport
S'pore air cargo sector lauds relaxed rules with Australia SINGAPORE's air cargo industry has welcomed yesterday's air services agreement with Australia, that effectively eliminates all restrictions on freight flights between and beyond both countries except the US.
Swiss inks deal with BA to join Oneworld
US regulators urged to take action against jetBlue
Passengers want 'young, pretty' female crew: MAS
Heathrow Express faces strikes next month
Delta Air Lines launches fare sale, others match
Strait Talk
Hard bargaining ahead on new pay deal for seafarers AS you read this, a meeting should be underway in Cyprus that is part of the process of thrashing out a new international wage bargaining system for shipping.
Port Shots
Port Shots THE ports unit of Hong Kong conglomerate Hutchison Whampoa is in talks to boost its investment in the Chinese port of Ningbo, The Standard newspaper reported.
Crude rebounds as market looks near short-term bottom After a month-long sharp downward movement in crude oil prices, with only the occasional correction higher, oil futures are beginning to look cheap relative to fundamentals. If speculators, once long - now short, resume buying, this could set the scene for a rebound from current levels.
Egypt steady, good avails return to Port Said
OPEC meeting: Quota allocations up for discussion
Fujairah market waits on cargo rise
Hong Kong numbers slip back as recent demand dries avails
OPEC meet outcome seems settled as OPEC basket trades mid-range It would come as a huge surprise to the world oil market if OPEC's meeting in Vienna tomorrow decided to change the current official production quota.
Lorentzon bids Frontline farewell FRONTLINE managing director Ola Lorentzon (left) is to stand down from the world's number one tanker operator just weeks after plans were floated in New York to split the company, writes Jerry Frank.
Statoil loses its head as Fjell falls on sword OLAV Fjell lost his battle to survive yesterday as boss of oil and gas giant Statoil.
European Parliament backs Prestige accident committee TEN months after the event and despite two earlier rejections, the European Parliament yesterday voted overwhelmingly in favour of establishing a temporary committee to investigate the causes and consequences of the Prestige disaster.
Inside world of Lloyd's goes online LLOYD'S is putting its inner workings online, writes James Brewer.
Tsakos warns on dash for tonnage NIKOLAOS Tsakos, president of Tsakos Energy Navigation, has cautioned against the current race for new tonnage and warned today that the number of newbuildings scheduled for delivery could destabilise the entire industry
Balearia talks up competition COMPETITION between Spanish ferry operators is mounting after Balearia said today it would use the fast ferry Ramon Llull to launch a new service on 21 October
De Palacio scolds member states LOYOLA de Palacio, the EU transport commissioner, has hit out at the lack of political will within European member states to find solutions to deal with maritime disasters
Danube low strands newbuildings A NUMBER of newbuildings under construction at shipyards on the banks of the river Danube are stranded by low water levels
Overheated bulker scuttled A BULKER drifting off Reunion Island in the Indian Ocean since last week was scuttled by the French Navy yesterday
Tsavliris claims $2.5M from KPT GREEK salvor Tsavliris is claiming $2.5M in damages from Karachi Port Trust for the illegal detention of Sea Angel, which was used in the lightering of Tasman Spirit
Cosco revamps logistics structure The Hong Kong unit of China Ocean Shipping (Group) Co., is moving into logistics with the purchase of 49 percent of Cosco Logistics Co. from its parent for $142 million.
Swiss opts for Oneworld alliance Swiss International Air Lines said it will join the Oneworld global alliance in a move that will shrink its fleet by a third and pare 25 percent of its flight network.
Traffic resumes at Bangladesh port The Port of Chittagong resumed operations Monday after a collision between two container ships halted operations over the weekend.
New hope in Canadian West Coast talks as union mulls latest offer Union officials plan to respond Thursday to a new comprehensive package offered by waterfront foremen employers to end a lengthy labour dispute on Canada's west coast.
Lines ponder Busan departure in spite of dockers productivity increase Busan dockers are raising productivity by as much as 98.4% in response to the carnage left by Typhoon Maemi, but a survey reveals 53% of lines may still leave.
Chittagong re-opens following Eagle Strength crash
Rail users must compete for UK budget
Chinese ports courted by foreign investors
OT Africa Line launches Luanda shuttle
Cosco Pacific buys US$143m stake in Cosco Logistics
Lille expansion doubles tri-modal terminal area
New HK terminals will end high THC's, says Sir Gordon Wu
CIMC's launches world's largest dry container facility
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