Asia now New York port's biggest market ASIA has surpassed Europe as the Port of New York and New Jersey's largest market for the first time in its history, thanks to the booming Asia-North America container trade.
S'pore, Australia cooperating on maritime security SINGAPORE and Australia have undertaken 'substantial' cooperation on maritime and aviation security, but Australia has a lot of work ahead to comply with looming security code requirements, according to the country's Transport Minister John Anderson.
APL feeder ship in multi-vessel collision at Chittagong Port A feeder ship chartered by Neptune Orient Lines' liner arm APL reportedly lost control in Chittagong port, damaging up to six naval vessels and another feeder on Sunday night, according to Bangladesh media.
ICTSI's Polish terminal going ahead with expansion MANILA-based International Container Terminal Services, Inc has announced that its European affiliate, the Baltic Container Terminal, is pressing ahead with plans for a major capacity expansion of the terminal.
Still awaiting compensation AN aerial shot taken Sept 27 last year showing a survival raft dropped by a French army plane beside the Joola, a passenger ferry that capsized off the coast of the west African nation of Senegal.
Air and Land Transport
China slams Taiwan indirect cargo flights proposal CHINA yesterday criticised Taiwan's proposal for indirect cargo flights to the mainland, demanding direct air links and the right for Chinese airlines to fly to the island.
China Airlines, China Eastern to offer Taipei-Shanghai flights
SIA to begin flying to Shenzhen in January
India airport employees call off strike
Vietnam Air to start Hanoi-S'pore service
Emirates close to deal with Boeing
Features
Major revamp needed to meet rising demand THE US air transportation system needs major structural changes to meet an expected doubling of demand within 35 years, the National Research Council said on Tuesday.
Asia now New York port's biggest market ASIA has surpassed Europe as the Port of New York and New Jersey's largest market for the first time in its history, thanks to the booming Asia-North America container trade.
S'pore, Australia cooperating on maritime security SINGAPORE and Australia have undertaken 'substantial' cooperation on maritime and aviation security, but Australia has a lot of work ahead to comply with looming security code requirements, according to the country's Transport Minister John Anderson.
APL feeder ship in multi-vessel collision at Chittagong Port A feeder ship chartered by Neptune Orient Lines' liner arm APL reportedly lost control in Chittagong port, damaging up to six naval vessels and another feeder on Sunday night, according to Bangladesh media.
ICTSI's Polish terminal going ahead with expansion MANILA-based International Container Terminal Services, Inc has announced that its European affiliate, the Baltic Container Terminal, is pressing ahead with plans for a major capacity expansion of the terminal.
Still awaiting compensation AN aerial shot taken Sept 27 last year showing a survival raft dropped by a French army plane beside the Joola, a passenger ferry that capsized off the coast of the west African nation of Senegal.
Air and Land Transport
China slams Taiwan indirect cargo flights proposal CHINA yesterday criticised Taiwan's proposal for indirect cargo flights to the mainland, demanding direct air links and the right for Chinese airlines to fly to the island.
China Airlines, China Eastern to offer Taipei-Shanghai flights
SIA to begin flying to Shenzhen in January
India airport employees call off strike
Vietnam Air to start Hanoi-S'pore service
Emirates close to deal with Boeing
Features
Major revamp needed to meet rising demand THE US air transportation system needs major structural changes to meet an expected doubling of demand within 35 years, the National Research Council said on Tuesday.
Asia now New York port's biggest market ASIA has surpassed Europe as the Port of New York and New Jersey's largest market for the first time in its history, thanks to the booming Asia-North America container trade.
S'pore, Australia cooperating on maritime security SINGAPORE and Australia have undertaken 'substantial' cooperation on maritime and aviation security, but Australia has a lot of work ahead to comply with looming security code requirements, according to the country's Transport Minister John Anderson.
APL feeder ship in multi-vessel collision at Chittagong Port A feeder ship chartered by Neptune Orient Lines' liner arm APL reportedly lost control in Chittagong port, damaging up to six naval vessels and another feeder on Sunday night, according to Bangladesh media.
ICTSI's Polish terminal going ahead with expansion MANILA-based International Container Terminal Services, Inc has announced that its European affiliate, the Baltic Container Terminal, is pressing ahead with plans for a major capacity expansion of the terminal.
Still awaiting compensation AN aerial shot taken Sept 27 last year showing a survival raft dropped by a French army plane beside the Joola, a passenger ferry that capsized off the coast of the west African nation of Senegal.
Air and Land Transport
China slams Taiwan indirect cargo flights proposal CHINA yesterday criticised Taiwan's proposal for indirect cargo flights to the mainland, demanding direct air links and the right for Chinese airlines to fly to the island.
China Airlines, China Eastern to offer Taipei-Shanghai flights
SIA to begin flying to Shenzhen in January
India airport employees call off strike
Vietnam Air to start Hanoi-S'pore service
Emirates close to deal with Boeing
Features
Major revamp needed to meet rising demand THE US air transportation system needs major structural changes to meet an expected doubling of demand within 35 years, the National Research Council said on Tuesday.
Surprise OPEC cut sidelines US oil inventory gains Without OPEC's shock news, today's weekly figures from the US Department of Energy (DOE) and the American Petroleum Institute (API) would probably have allowed oil prices to continue to trundle along near the bottom of the baseline set over the past month, with stock builds falling largely into line with market forecasts and reducing year-on-year inventory deficits.
Panama firm, more bullishness ahead?
OPEC cut: Consumer pain now to avoid producer pain later OPEC's ability to fear a price collapse and act prematurely to prevent one never ceases to amaze.
Rising market stirs demand in Istanbul
Piraeus numbers on the rise but buyers remain wary
Oil prices surge on report of surprise OPEC output cut IPE Brent futures surged by as much as $1.03 per barrel to $26.55 today after reports from Vienna that OPEC is planning to ratify a production cut of 900,000 barrels per day from November 1st.
Korean IFO's at eleven month low - but for how long?
Brazilian market update
New Saudi posted prices, market softens
Italy: New offices for National Fueling & Yacht Services
Tanker rates in jeopardy after surprise Opec production cut Tanker rates could suffer and oil prices have jumped as a result of a surprise output cut agreed yesterday by the Organisation of Petroleum Exporting Countries.
Maritime Day gets Pope's blessing WORLD Maritime Day now enjoys the backing of an authority even higher than International Maritime Organisation chief William O'Neil himself, writes David Osler .
CP Ships quits talks on P&O Nedlloyd link CP SHIPS was believed to be in takeover talks for P&O Nedlloyd as recently as a fortnight ago, but has since pulled out of the negotiations, Lloyd's List understands.
Shipowners put pay consensus under pressure SHIPOWNERS are pushing for an almost 40% reduction in ratings pay on flag of convenience vessels, in a move that could shatter the industrial relations consensus of recent years.
Citigroup sees consolidation as key to future of ports and boxships LEADING investment bank Citigroup predicts more mergers and acquisitions in container shipping and other sectors with some major transactions to come.
Karachi arrests Tasman Spirit crew KARACHI Port Trust has informed agents of its intention to initiate the arrest of the master and six crew members of the wrecked Polembros tanker Tasman Spirit. Diplomatic sources in Islamabad told Fairplay the Pakistan National Shipping Corp was advised late yesterday to arrange accommodation in which the crew would be held under house arrest
Tsavliris twist for poor Pappas GREEK salvor Tsavliris has asked Pakistani authorities to accept George Tsavliris, brother of Tsavliris Salvage owner Nikos, in place of salvage master Nikos Pappas
ISPS warning becomes deafening MARITIME Cyprus 2003 conference delegates heard today that if they have not read the ISPS Code yet, they were already in trouble
Firmer hull rates ahead, says S&P HULL insurance rates are expected to rise significantly at the next renewal, ratings agency Standards & Poor's believes
Storm gathers over Pappas detention A DIPLOMATIC storm is brewing between Greece and Pakistan over the contentious detention in Karachi of Tsavliris salvage master Nikos Pappas
Euro MPs vote for Prestige probe THE European Parliament has voted in favour of setting up a temporary committee to investigate the causes and consequences of the Prestige disaster
Trans-Pacific lines plan 20% rate hike Despite a sluggish peak shipping season this year, carriers in the eastbound Pacific plan to raise their rates about 20 percent in the 2004-05 contracting season.
Customs delayed on new ACE release; Option 4 exporter filing preserved The release of the Automated Commercial Environment slated for this winter, which will enable importers to create monthly statements and make periodic payments, won't be out until spring 2004.
U.S. Postal Service to seek rate hikes A senior official says the Postal Service plans to request a postage rate increase of at least 10 percent in October 2004.
Battling P&O Ports secures Eastern Deurganckdok concession Antwerp has announced that it will divide the Deurganckdok between P&O Ports (POP) on the eastern side and Hesse Noord Natie (HNN) on the western side after months of wrangling.
JNPT extends Terminal III bidding deadline The board of Jawaharlal Nehru Port Trust (JNPT) decided to extend the deadline for Nhava Sheva's Terminal III to November 30, at its meeting yesterday.
Owners and charterers may see end to geared vessel premium, despite tight market
Sealand Express goes to Durban for repairs
Japan to develop super-hubs as regional transhipment competitors
CN whittles Toronto container backlog by half, but fears volumes could rise again
Korean truckers announce 10% rate rise
Regional company for lower Saxon ports
Test voyage on River Gouwe boost for Alphen Container Terminal viability
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