S Korea's Busan port loses 2 key customers CONGESTION and infrastructure deficiencies have lost South Korea's Busan port two key transhipment customers in moves that will cost 40 billion won in revenues this year alone.
Incheon sees more services to China THE launch of container shipping service to China by the South Korean port of Incheon will help facilitate trade between the two countries, the Ministry of Maritime Affairs and Fisheries said.
Shippers face rising charges at Kandla port EXPORTERS and shippers face mounting charges for up to another five days after India's busiest west-coast port, Kandla, reopened after heavy monsoon rains disrupted cargo handling for five days.
Globalisation will 'give further impetus to container traffic' THE future for the shipping industry is relatively uncertain at the moment, but progressive globalisation would provide further impulses to container traffic, according to the head of container giant Hapag-Lloyd.
Panama Canal improves safety record THE Panama Canal Authority has achieved record safety improvements despite an increase in tonnage and speedier transit times through the waterway.
US military chartering vessel to ship ammunition THE US military has placed an order for a merchant ship to carry ammunition and material from Spain to West Africa, tender documents show, but US officials denied the shipment was meant for any operation in Liberia.
Air and Land Transport
Security the top concern as airlines seek Iraq flights THIRTY airlines have expressed interest in flying into Iraq but security concerns around the country's airports make a smooth landing unlikely anytime soon, a coalition official said on Tuesday.
BA, unions hopeful of resolving crisis issues
Ryanair may halt Strasbourg flights pending court appeal
US, UK firms vie for China Airlines engine contract
MAS to resume China flights
China Eastern's July revenue doubles
Features
Hapag-Lloyd's cutting edge HAPAG-LLOYD'S businesses today cover every possible aspect of transportation, counting Asia, America and Europe as its important markets.
S Korea's Busan port loses 2 key customers CONGESTION and infrastructure deficiencies have lost South Korea's Busan port two key transhipment customers in moves that will cost 40 billion won in revenues this year alone.
Incheon sees more services to China THE launch of container shipping service to China by the South Korean port of Incheon will help facilitate trade between the two countries, the Ministry of Maritime Affairs and Fisheries said.
Shippers face rising charges at Kandla port EXPORTERS and shippers face mounting charges for up to another five days after India's busiest west-coast port, Kandla, reopened after heavy monsoon rains disrupted cargo handling for five days.
Globalisation will 'give further impetus to container traffic' THE future for the shipping industry is relatively uncertain at the moment, but progressive globalisation would provide further impulses to container traffic, according to the head of container giant Hapag-Lloyd.
Panama Canal improves safety record THE Panama Canal Authority has achieved record safety improvements despite an increase in tonnage and speedier transit times through the waterway.
US military chartering vessel to ship ammunition THE US military has placed an order for a merchant ship to carry ammunition and material from Spain to West Africa, tender documents show, but US officials denied the shipment was meant for any operation in Liberia.
Air and Land Transport
Security the top concern as airlines seek Iraq flights THIRTY airlines have expressed interest in flying into Iraq but security concerns around the country's airports make a smooth landing unlikely anytime soon, a coalition official said on Tuesday.
BA, unions hopeful of resolving crisis issues
Ryanair may halt Strasbourg flights pending court appeal
US, UK firms vie for China Airlines engine contract
MAS to resume China flights
China Eastern's July revenue doubles
Features
Hapag-Lloyd's cutting edge HAPAG-LLOYD'S businesses today cover every possible aspect of transportation, counting Asia, America and Europe as its important markets.
S Korea's Busan port loses 2 key customers CONGESTION and infrastructure deficiencies have lost South Korea's Busan port two key transhipment customers in moves that will cost 40 billion won in revenues this year alone.
Incheon sees more services to China THE launch of container shipping service to China by the South Korean port of Incheon will help facilitate trade between the two countries, the Ministry of Maritime Affairs and Fisheries said.
Shippers face rising charges at Kandla port EXPORTERS and shippers face mounting charges for up to another five days after India's busiest west-coast port, Kandla, reopened after heavy monsoon rains disrupted cargo handling for five days.
Globalisation will 'give further impetus to container traffic' THE future for the shipping industry is relatively uncertain at the moment, but progressive globalisation would provide further impulses to container traffic, according to the head of container giant Hapag-Lloyd.
Panama Canal improves safety record THE Panama Canal Authority has achieved record safety improvements despite an increase in tonnage and speedier transit times through the waterway.
US military chartering vessel to ship ammunition THE US military has placed an order for a merchant ship to carry ammunition and material from Spain to West Africa, tender documents show, but US officials denied the shipment was meant for any operation in Liberia.
Air and Land Transport
Security the top concern as airlines seek Iraq flights THIRTY airlines have expressed interest in flying into Iraq but security concerns around the country's airports make a smooth landing unlikely anytime soon, a coalition official said on Tuesday.
BA, unions hopeful of resolving crisis issues
Ryanair may halt Strasbourg flights pending court appeal
US, UK firms vie for China Airlines engine contract
MAS to resume China flights
China Eastern's July revenue doubles
Features
Hapag-Lloyd's cutting edge HAPAG-LLOYD'S businesses today cover every possible aspect of transportation, counting Asia, America and Europe as its important markets.
US crude build as imports surge, sharp gasoline draw Analyst forecasts were largely met bar a bigger-than-anticipated draw in US stocks of gasoline. Imports of crude surged, helping to boost stocks despite a rise in refinery runs and another 700,000 barrels going into the Strategic Petroleum Reserve.
Oman: Expansion project set to boost bunkering capacity Port Sultan Qaboos in Oman (also known as Muscat or Mina Qaboos) is reportedly undergoing developments which should benefit bunker buyers who lift their product there.
Softening South Korean market surprisingly slow
Hong Kong ready, willing, able - and quiet
New Saudi posted prices, market soft
Crude balanced ahead of US inventory data, OPEC 'non-event' *OPEC meeting outcome almost certain *Iraqi export recovery remains in doubt *US crude stock build expected - and needed
LR reports on MEPC meeting The 49th session of the IMO's Marine Environment Committee (MEPC 49) was held from July 14 to 18, 2003. Lloyd's Register has just issued a "Classification News" summary of what went on at this important meeting.
USCG proposes mandatory ballast water management Federal Register notice of proposed rulemaking outlines a mandatory national ballast water management program for all vessels equipped with ballast water tank
Strike impacts Manitowoc Marine results The Manitowoc Company, reports second quarter marine sales were down 23 percent
Maersk snaps up boxships from German financiers MAERSK SEALAND has snapped up as many as nine large panamax containerships in recent weeks, all for delivery in 2005.
Yards holding out for more cash for 2007 newbuilds SHIPBUILDERS are holding back from taking 2007 contracts in a bid to finally increase prices, suggesting a lull in the new order frenzy, writes Sam Chambers in Hong Kong.
Fraud in India may further hit Sembcorp profits SEMBCORP Logistics cannot rule out further earnings restatements after uncovering a S$18.5m ($10.9m) accounting fraud in its Indian subsidiary.
US 'grotesque' terror contract is scrapped SHOCK and awe barely begins to describe the political and public reaction to the Bush administration's proposed futures contract for terrorist events, an idea that was abruptly scrapped on Tuesday barely 24 hours after it first saw the light of day.
Smedvig ordered to pay Esso $70m after six-year legal fight NORWAY'S longest running court case ended yesterday with drilling contractor Smedvig being ordered to pay $70m to the local subsidiary of ExxonMobil, the world's largest oil company, writes Jerry Frank.
DOT limits scope of DHL inquiry The U.S. Department of Transportation ordered the administrative law judge conducting the inquiry into the former DHL Airways to focus solely on the current ownership of the carrier.
U.S. air cargo off in June June volume dips 4.6 percent year-over-year, the second straight monthly decline following first-quarter gains.
Deutsche Post raises earnings target The German mail and express group raised its 2003 earnings forecast by at least $115 million after returning to profit in the second quarter.
Melbourne dredging delays prompt PONL compensation claim P&O Nedlloyd is reportedly seeking up to US$300,000 in compensation from the Victorian Government over delays to Melbourne's channel deepening.
Owners grab bull charter market by the horns A bull charter market has developed from the ashes of the 2001 nadir and the shipbroker Howe Robinson expects its strength to be maintained well into 2005 and possibly beyond.
New S.Brazil box terminals to compete for swelling volumes
NITL names new president for US shipper lobby
Toll confident in face of 'anti-competitive' takeover probe
Brazil: Fortaleza seeks dredge cash to grow market share
SembCorp Logistics fraud: Threat of more writedowns, but president sees return to profitability for Indian operations
China formally joins US Container Security Initiative
Nhava Sheva bidders close to victory on profit protection
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