Box and steel shortages hit shipping industry A global box shortage and concurrent steel scarcity have pushed up the price of containers nearly 39 per cent as the container shipping industry enjoys almost unprecedented volume demand and vastly improved freight rates.
Bangladesh's main port drags feet on security BANGLADESH risks being isolated from international maritime trade as its biggest sea port is yet to implement International Ship and Port Safety Code as the deadline is getting closer.
Strong freight growth drives K&N profits SWISS logistics firm Kuehne & Nagel swung to a positive 2003 net income on Monday from flat the year before thanks to strong freight growth, especially from China, and cost cuts.
Nedlloyd gets P&O nod for venture buyout DUTCH shipping and transport firm Nedlloyd won approval from P&O shareholders to buy out their container shipping joint venture, and priced a rights offering to fund part of the deal.
Tanker runs aground in Bosphorus A foreign tanker carrying diesel fuel has run aground in Turkey's Bosporus Strait which bisects the country's largest city of Istanbul, but there was no immediate danger of a leak, a maritime safety official said.
Shanghai aims to wrest back Asia's shipping crown FEW people recall Shanghai's roaring heyday of the 1920s, when the thriving city on China's eastern seaboard housed a warren of brothels, opium dens, underground casinos and lorded over Asian trade.
Air and Land Transport
EU seeks deal on access to passenger data EUROPEAN Union ministers sought a deal on Tuesday on rules to demand airlines hand over passenger data to customs services, aiming to balance counterterrorism concerns with protection for civil liberties.
Foreign couriers not to seek WTO action in China row
Box and steel shortages hit shipping industry A global box shortage and concurrent steel scarcity have pushed up the price of containers nearly 39 per cent as the container shipping industry enjoys almost unprecedented volume demand and vastly improved freight rates.
Bangladesh's main port drags feet on security BANGLADESH risks being isolated from international maritime trade as its biggest sea port is yet to implement International Ship and Port Safety Code as the deadline is getting closer.
Strong freight growth drives K&N profits SWISS logistics firm Kuehne & Nagel swung to a positive 2003 net income on Monday from flat the year before thanks to strong freight growth, especially from China, and cost cuts.
Nedlloyd gets P&O nod for venture buyout DUTCH shipping and transport firm Nedlloyd won approval from P&O shareholders to buy out their container shipping joint venture, and priced a rights offering to fund part of the deal.
Tanker runs aground in Bosphorus A foreign tanker carrying diesel fuel has run aground in Turkey's Bosporus Strait which bisects the country's largest city of Istanbul, but there was no immediate danger of a leak, a maritime safety official said.
Shanghai aims to wrest back Asia's shipping crown FEW people recall Shanghai's roaring heyday of the 1920s, when the thriving city on China's eastern seaboard housed a warren of brothels, opium dens, underground casinos and lorded over Asian trade.
Air and Land Transport
EU seeks deal on access to passenger data EUROPEAN Union ministers sought a deal on Tuesday on rules to demand airlines hand over passenger data to customs services, aiming to balance counterterrorism concerns with protection for civil liberties.
Foreign couriers not to seek WTO action in China row
US crude and gasoline build sends oil price plummeting This was the second week running of unusually large crude stock gains. The market was also surprised by a rise in gasoline inventories.
DOE and API at a glance
Suppliers: 'Too early' to determine blast impact on avails BP says 447,000 bpd plant now operating 'near normal' after overnight blast.
OPEC confirms cut, speculators blamed for inflated price Oil softer on doubts cut will be carried out and speculators blamed for adding huge premium on oil prices.
New Saudi posted prices
Greek strike fails to affect bunkers
Brazilian oil giant eyes Singapore bunker market Petrobras' Singapore managing director says establishment of long-term supply operation planned if initial foray a success.
South Korean price gains do little to attract buyers Demand has been low all week in South Korea, with bullish overnight crude and subsequent firming of paper and bunker values in the Singapore market not helping local enquiry levels recover.
OPEC in agreement on quota cut, actual cut seen delayed April cut may be formally adopted, but in reality OPEC may pump as much as before.
Texas City refinery blast sends oil prices soaring FBI and BP rule out notion of terrorist sabotage after gasoline unit explodes overnight.
Rotterdam firm with some barge tightness
South Eastern Oil withdraws from bunker market Higher costs and competitive market prompts Singapore supplier to concentrate on barge chartering.
Blast rips through Texas refinery BP IS investigating the cause of an explosion and fire at one of its gasoline units at the Texas City refinery near Galveston, the third largest in the US, writes Martyn Wingrove.
US calls for united front to fight rise in Marpol breaches ONLY international co-operation can combat flagrant violations of Marpol that US investigators are now beginning to describe as routine, International Maritime Organization delegates have been told.
Maersk Sealand 'plans series of newbuildings until 2009' MAERSK Sealand has mapped out a five-year containership newbuilding programme, with deliveries scheduled up to May 2009, Handelsbanken Capital Markets says in a report on AP Møller-Maersk's 2003 financial results.
Launch of €38m Intership project EUROPEAN shipbuilders and the commission have launched a €38m research and development project designed to inject competitiveness into the continent's retreating construction industry, writes Justin Stares .
Brussels gets tough on EU states failing to implement maritime laws EUROPEAN Union nations are failing to implement their own maritime laws, despite recent high-profile pollution disasters, writes Justin Stares.
No decision yet on RCCL's NIS ships ROYAL Caribbean Cruises Ltd director Anders Grundekjon says no decision has been taken on whether to remove six Royal Caribbean International ships from the Norwegian International Ship register (NIS)
Fire hits Texas refinery FIRE broke out last night at one of the largest oil refineries in the US, the BP facility at Texas City in Galveston Bay, Texas
Drive-cruise trend hits Curaçao CURAÇAO and several other southern Caribbean cruise ship destinations are smarting at a substantial decline in both US and European markets
Pakistanis continuing to jump ship PAKISTANI seafarers continue to see European and Asian countries as attractive enough to leave their ships in search of better employment
Superferry 14: inquiry latest THE Philippines panel investigating the Superferry 14 incident has been asked to take into account the recent arrests of suspected terrorists
Celebrity polarises its cruises CELEBRITY Cruises has signed a short-term full-ship charter deal with Quark Expeditions for the 112-passenger icebreaker Kapitan Khlebnikov
'Latent demand' could drive charter market to rarefied heights Ships are becoming harder to come by and lines are having to either ditch plans for new services or fix ships six-12 months ahead of time say brokers.
Columbia River deepening project faces another lawsuit Environmentalists filed a new lawsuit yesterday to block plans to deepen the Columbia River along the shipping channel serving the port of Portland.
Fremantle sees quantum shift in port traffic to rail
Transport trumps tourism at TUI
TT Club warns against ISPS negligence
Bank finally releases funds for Mercosul ships
Bonded landbridge cargo benefits from Sharjah ICD
Hartmut Luehr returns to Hapag-Lloyd from logistics sister
Four people crossed the Atlantic by holding on to a chain cable Four young people from Liberia have crossed the Atlantic by holding on to the chain cable on the Maltese flagged ...
Money in propellers During the last two years about 2,500 tons of Spanish pesetas have been used as raw material in Wärtsilä's foundry ...
Freeze on PSSA applications at the IMO IMO is likely to freeze new applications to become Particularly Sesitive Sea Areas (PSSA). Among new application is the Baltic ...
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