Shanghai's growing port woos foreign investors FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.
Air and Land Transport
Asia Pacific key turf for battling aerospace firms THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut
Liner Scene
Liner conference system likely to face intense pressure WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.
Shanghai's growing port woos foreign investors FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.
Air and Land Transport
Asia Pacific key turf for battling aerospace firms THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut
Liner Scene
Liner conference system likely to face intense pressure WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.
Shanghai's growing port woos foreign investors FOREIGN and private investment in Shanghai's port construction will be 'welcomed and encouraged' along with existing access to terminal operations concessions, according to the head of the port administration.
PSA's China ventures record good growth PSA Corporation's mainland China terminals contributed significantly to its strong 35 per cent foreign throughput growth, with figures just released from Guangzhou and Fuzhou showing little sign of slowing.
Onshore charter income to be tax exempt ONSHORE charter income will be tax exempt from next year for shipowners and operators under Singapore's Approved International Shipping Enterprise scheme, who were handed a bonus in the 2004 Budget.
Chemical tanker blast off US east coast kills 3; 18 missing A Singapore-flagged chemical tanker, the Bow Mariner, exploded and sank about 80 km off the US east coast on Saturday evening EST, leaving three dead, 18 missing and six of the ship's 27 crew in critical condition.
Air and Land Transport
Asia Pacific key turf for battling aerospace firms THE Asia Pacific will be a key battleground for the world's top aerospace companies in the next 20 years, with industry players already positioning for a slice of the expected multi-billion-dollar bonanza.
Surplus idle planes suppress new aircraft prices: Boeing
Boeing seeks 7E7 engines that can be swopped
Airfare war in Australia sparks online stampede
Ryanair's feud with EC leads to Brussels-London route cut
Liner Scene
Liner conference system likely to face intense pressure WHAT remains of the liner conference system is certain to come under intense pressure over the next couple of years.
Slow St. Petersburg market results in double-digit deals Fuel oil prices have been hitting some very low levels in St. Petersburg this week, with one deal being done for IFO380 on Wednesday at $83 per metric tonne.
Senior trader departs Ship-Service
Lower Baltic demand opens up for very prompt deliveries Many Baltic players were fine for prompt today, in some cases even almost immediate delivery.
Singapore eyes vast underground oil storage facilities Singapore industrial infrastructure developer JTC Corporation is due to decide in November whether ambitious plans to more than double Singapore's oil and petrochemical storage facilities get the go-ahead.
Singapore fuel oil values dive, bunker demand slow WTI crude closed a little softer last night and continued soft to steady in overnight trading. With a bearish outlook for the Singapore fuel oil market in March, that was enough to cause a big drop in fuel oil cargo prices today.
Malaysia's PDZ Holdings set to acquire blending company Malaysian shipping group PDZ Holdings Bhd has announced plans to acquire fuel oil blending company KIC Oil & Gas Sdn Bhd for $43 million
Diamond is forever on naming day THE first cruiseship to be built by Mitsubishi Heavy Industries for more than a decade was delivered yesterday in Nagasaki. Princess Cruises' 116,000 gt, 2,670 passenger Diamond Princess is now the largest ship in the company's fleet.
Brussels cries foul over safety fiasco BRUSSELS has handed a yellow card to almost every country in the European Union for a mass failure to meet the deadline set under the key ship reporting and monitoring directive.
Møller group brings vessel orders from China past 50 mark DANISH group AP Møller-Maersk is strengthening its already close ties with China through yet another shipbuilding order.
Hyundai and Transas in bridge link WORLD leading shipbuilder Hyundai Heavy Industries has made good on ambitions to mount a head-on assault on the integrated bridge market through a new co-operation agreement with the systems integrator Transas.
Europe and US seal Galileo satellite navigation system BRUSSELS yesterday hailed the creation of a world standard for radio navigation after concluding negotiations with the US over Galileo, the European satellite navigation system, writes Justin Stares in Brussels .
Superferry 14: 100 still missing LATEST news from the Superferry 14 tragedy in the Philippines is that about 100 were still missing as night fell, with 799 rescued
Dow Chemical signs LNG deal DOW Chemical has signed a 20-year terminal use agreement with Freeport LNG Development, securing throughput at its Quintana Island facility in Texas
Mississippi traffic moving VESSEL movement continues through the Mississippi river's Southwest Pass, with all remaining vessels expected to clear the queue today
GulfMark seeks consistent demand WEAKNESS in its North Sea support-vessel trade led to disappointing 2003 results at GulfMark Offshore
Pride to go out to tender THE repair and completion of NCL's Pride of America is to go out to tender, although it is still not clear whether it will be ordered by NCL or insurer Basler Securitas
Philippines tackles French action THE Philippines Maritime Industry Authority is to file a strongly worded protest against French authorities' plans to board a Panamax bulker suspected of sinking a trawler
Search for missing in tanker explosion Odfjell chemical tanker was carrying 3.5 million gallons of ethanol when it sank off Virginia.
Blocking the box at Port Newark As late ships force hours-long waits for drayers at the PNCT terminal, the FMC rejects port truckers' petition to force area marine terminals to change the way they calculate delay payments to truckers.
Tampa port director resigns
CMA CGM expands reefer capacity
MOL debuts new service to Indian west coast
CN union: No deal without discipline changes
Forwarder wants $380K from Long Beach terminals
Custom market a challenge for apparel logistics: FedEx survey
USTR asks comments on proposed Thailand trade talks
CSXWT slashes rates in bid to secure HK customer A panicked CSX World Terminals, Hong Kong (CSXWTHK), which will lose its entire customer base by the end of the year, is offering massive rate reductions, said a local source.
CN and US union announce deal
CMA CGM-led consortium bid for Nhava Sheva terminal rejected
Vietnam transhipment container port study gets go-ahead
Indian government to set up assistance unit for shippers
Two services target Asia-Eastern Med trade
Service shuffle lets MOL/APL concentrate on Asia-India and Asia-ME separately
HHLA has ISPS security plan approved in Hamburg
Foreign exchange loss reduces RCL net profit
Final CMA CGM mega banana-boat christened in Guadeloupe
Farstad threatens to flag out Farstad Shipping, one of Norway's biggest supply ship owners/operators, threatens to flag out the rest of the fleet unless ...
Maritime crimes easier to get away with A study from the Swedish Maritime Administration shows that maritime related crimes are prosecuted, or abstained from being prosecuted, in ...
Aboitiz Jebsen ferry caught fire off the Philippines Aboitiz Jebsen, a joint venture between Philippine Aboitiz and Norwegian Jebsen, has met with yet another major accident. The company ...
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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