PSA, partners set to finalise structure of Hibiki project PSA Corporation and its Japanese consortium partners are set to finalise the shareholding structure and preliminary management set-up of a controversial Japanese container port investment this week.
M'sia's MISC Q1 profits rise 63% to RM450m MALAYSIA International Shipping Corp , the world's largest carrier of LNG, reported a 63 per cent jump in its fiscal first quarter profit yesterday, helped by better freight rates.
Prestige has spilled 80% of its oil: energy firm THE oil tanker Prestige, which broke in two and sank late last year off Spain's north-west coast, has spilled more than 80 per cent of its cargo of 77,000 tons of fuel oil, a Spanish energy company estimated on Monday.
Profit at Daewoo Shipbuilding jumps 42% in July DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 42 per cent increase in net income last month because production was less hampered by rain than a year ago.
Jinzhou Port's net income up 38% JINZHOU Port Co, a northern Chinese port operator controlled by Chinese billionaire Zhang Hongwei, said its first-half profit rose 38 per cent as surging exports from China increased cargo traffic.
China Shipping's H1 profit jumps 75% CHINA Shipping Development Co, China's biggest oil shipper, said first-half profit rose 75 per cent after the company shipped more oil and disposed of its loss-making container shipping unit.
Air and Land Transport
Qantas considers selling domestic airport terminals QANTAS Airways, which reported last week its first loss in eight years, may sell its Australian airport terminals as part of an effort to cut costs.
Airbus confirms 2003 targets
Brazil's Varig aims to seal TAM merger deal soon
Aeroflot's latest fleet gets a new look
British Airways to give away two Concorde tickets
Mitsubishi wins 2 airline contracts
Strait Talk
A good watchkeeper should stand, not sit TWO interesting pieces of reading matter landed on my desk last week.
PSA, partners set to finalise structure of Hibiki project PSA Corporation and its Japanese consortium partners are set to finalise the shareholding structure and preliminary management set-up of a controversial Japanese container port investment this week.
M'sia's MISC Q1 profits rise 63% to RM450m MALAYSIA International Shipping Corp , the world's largest carrier of LNG, reported a 63 per cent jump in its fiscal first quarter profit yesterday, helped by better freight rates.
Prestige has spilled 80% of its oil: energy firm THE oil tanker Prestige, which broke in two and sank late last year off Spain's north-west coast, has spilled more than 80 per cent of its cargo of 77,000 tons of fuel oil, a Spanish energy company estimated on Monday.
Profit at Daewoo Shipbuilding jumps 42% in July DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 42 per cent increase in net income last month because production was less hampered by rain than a year ago.
Jinzhou Port's net income up 38% JINZHOU Port Co, a northern Chinese port operator controlled by Chinese billionaire Zhang Hongwei, said its first-half profit rose 38 per cent as surging exports from China increased cargo traffic.
China Shipping's H1 profit jumps 75% CHINA Shipping Development Co, China's biggest oil shipper, said first-half profit rose 75 per cent after the company shipped more oil and disposed of its loss-making container shipping unit.
Air and Land Transport
Qantas considers selling domestic airport terminals QANTAS Airways, which reported last week its first loss in eight years, may sell its Australian airport terminals as part of an effort to cut costs.
Airbus confirms 2003 targets
Brazil's Varig aims to seal TAM merger deal soon
Aeroflot's latest fleet gets a new look
British Airways to give away two Concorde tickets
Mitsubishi wins 2 airline contracts
Strait Talk
A good watchkeeper should stand, not sit TWO interesting pieces of reading matter landed on my desk last week.
PSA, partners set to finalise structure of Hibiki project PSA Corporation and its Japanese consortium partners are set to finalise the shareholding structure and preliminary management set-up of a controversial Japanese container port investment this week.
M'sia's MISC Q1 profits rise 63% to RM450m MALAYSIA International Shipping Corp , the world's largest carrier of LNG, reported a 63 per cent jump in its fiscal first quarter profit yesterday, helped by better freight rates.
Prestige has spilled 80% of its oil: energy firm THE oil tanker Prestige, which broke in two and sank late last year off Spain's north-west coast, has spilled more than 80 per cent of its cargo of 77,000 tons of fuel oil, a Spanish energy company estimated on Monday.
Profit at Daewoo Shipbuilding jumps 42% in July DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, reported a 42 per cent increase in net income last month because production was less hampered by rain than a year ago.
Jinzhou Port's net income up 38% JINZHOU Port Co, a northern Chinese port operator controlled by Chinese billionaire Zhang Hongwei, said its first-half profit rose 38 per cent as surging exports from China increased cargo traffic.
China Shipping's H1 profit jumps 75% CHINA Shipping Development Co, China's biggest oil shipper, said first-half profit rose 75 per cent after the company shipped more oil and disposed of its loss-making container shipping unit.
Air and Land Transport
Qantas considers selling domestic airport terminals QANTAS Airways, which reported last week its first loss in eight years, may sell its Australian airport terminals as part of an effort to cut costs.
Airbus confirms 2003 targets
Brazil's Varig aims to seal TAM merger deal soon
Aeroflot's latest fleet gets a new look
British Airways to give away two Concorde tickets
Mitsubishi wins 2 airline contracts
Strait Talk
A good watchkeeper should stand, not sit TWO interesting pieces of reading matter landed on my desk last week.
Nigeria: Barges seized, arrests made in "bunkering" clamp-down Nigerian authorities have announced several arrests and barge seizures in their efforts to clamp down on oil theft, which is known in the country as "bunkering". Illegal bunkering is thought to be fuelling the fighting between ethnic groups in the Niger Delta, providing them with funds and weapons.
Healthy market conditions in well-supplied Suez
Uruguay market update
Fujairah on the rise amid high demand All grades in the port rose today despite fall in cargo prices.
Hong Kong demand still apparent as IFOs drop off
Asian fuel oil market outlook still bearish for September Fuel oil imports to Huangpu in China's biggest fuel oil consuming region of Guangdong are forecast to remain low in August and September compared to bumper imports during May and June. This means Asian fuel oil markets, which are already long on product and short on demand, may continue bearish well into September.
Surging rates to allow APL boost for NOL recovery APL is set to bolster parent Neptune Orient Lines' recovery on the back of surging liner freight rates, chief executive Ron Widdows told Lloyd's List, writes Marcus Hand.
Bullish Asian owners lash Europe over spill response ASIAN shipowners have launched a stinging attack on certain European coastal states and the European Commission over their reponse to the Erika and Prestige oil spill disasters.
Vinalines seeks go-ahead for $2bn fleet expansion VIETNAM National Shipping Lines is seeking government approval for a $2bn expansion plan for the national fleet, writes Marcus Hand.
Racing move is a winner for Hanjin DECIDING to sponsor a Formula One team is proving a very smart move for Hanjin Shipping.
Søderberg cautious on box glee AP Møller-Maersk chief executive Jess Søderberg sounded a note of caution yesterday amid the euphoric mood now gripping the container trades, writes Janet Porter.
Arison family in Carnival equity sale THE Arison family is taking advantage of Carnival's renewed share price strength to raise more than $1bn through the sale of a large slice of equity in the world's largest cruise group, writes Tony Gray.
Maersk Sealand paces Moller growth Profit soars at the world's largest ocean carrier as cargo volume, freight rates jump.
Rickmers launches scheduled breakbulk service The German carrier is phasing nine new vessels into a liner-type, round-the-world service that will connect scheduled ports every two weeks.
Government toughens stance in Korea 30,000 striking truckers face the loss of fuel subsidies unless they end their walkout immediately, the government warns.
United States South Europe Conference raises rates
Panama Canal dredging project on track
Port of Houston wins consulting job in Venezuela
United to resume full trans-Pacific service in September
Report predicts modest growth in spending on enterprise technology
Cautious AP Moller reports better interims but warns against the future AP Moller's interim results show a marked improvement for the liners shipping division this year compared to last year with the company's net result more than doubling.
Smit to attempt Sealand Express re-float on next spring tide Salvage experts attempting to save the stranded Sealand Express, which ran aground last Tuesday, will make another attempt to re-float the ship towards the end of this week.
Truckers returning to work as strike crumbles
Bomb blasts rock Mumbai but operations are near normal
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