Asia told to invest in ports to cope with trade growth ASIA's shipping trade is expected to grow sharply led by China and India, but the region must enhance security and invest some US$27 billion to build over 430 new container berths by 2011 to meet rising demand, shippers and analysts said yesterday.
Global maritime meet here to review security THE shipping community will take stock of security at ports and aboard ships now that the most comprehensive security code since 9/11 has been put in place.
PTP and Port Klang hope to break own volume records MALAYSIA's two major ports, Port of Tanjung Pelepas and Port Klang, are confident of breaking their present records in handling containers this year.
Dutch yard files for claim over lost NZ job DUTCH shipbuilder Schelde Marinebouw said it had filed a legal claim seeking to overturn the New Zealand government's decision to award Australian firm Tenix a contract to build seven new navy vessels.
Thai carrier Precious sees record earnings PRECIOUS Shipping plc, Thailand's second-biggest sea-freight company, said its 2004 profit may rise to a record, more than its combined net income since it started operations 13 years ago, because of higher cargo rates.
153 rescued as cruise ship runs aground in Alaska A small cruise ship catering to eco-tourists was seriously damaged after running aground in the Aleutian Islands.
Task force brings down piracy in Horn of Africa PETER Meyer has never forgotten hearing the terrified screams over the radio from a tanker crew under attack by pirates in the Gulf of Aden.
Air and Land Transport
Room for MAS to work with AirAsia MALAYSIA's transport minister has called on Malaysia Airline to cooperate with with no-frills rival AirAsia, instead of pursuing its own plan to set up a budget operation.
BAA's Q1 profit surges 28% on long-haul, low-cost travel
Rolls Royce H1 profit rises 18% on cost cuts
Obscene T-shirt gets couple ejected from US plane
Computer glitch grounds US Airways, American flights
Asia told to invest in ports to cope with trade growth ASIA's shipping trade is expected to grow sharply led by China and India, but the region must enhance security and invest some US$27 billion to build over 430 new container berths by 2011 to meet rising demand, shippers and analysts said yesterday.
Global maritime meet here to review security THE shipping community will take stock of security at ports and aboard ships now that the most comprehensive security code since 9/11 has been put in place.
PTP and Port Klang hope to break own volume records MALAYSIA's two major ports, Port of Tanjung Pelepas and Port Klang, are confident of breaking their present records in handling containers this year.
Dutch yard files for claim over lost NZ job DUTCH shipbuilder Schelde Marinebouw said it had filed a legal claim seeking to overturn the New Zealand government's decision to award Australian firm Tenix a contract to build seven new navy vessels.
Thai carrier Precious sees record earnings PRECIOUS Shipping plc, Thailand's second-biggest sea-freight company, said its 2004 profit may rise to a record, more than its combined net income since it started operations 13 years ago, because of higher cargo rates.
153 rescued as cruise ship runs aground in Alaska A small cruise ship catering to eco-tourists was seriously damaged after running aground in the Aleutian Islands.
Task force brings down piracy in Horn of Africa PETER Meyer has never forgotten hearing the terrified screams over the radio from a tanker crew under attack by pirates in the Gulf of Aden.
Air and Land Transport
Room for MAS to work with AirAsia MALAYSIA's transport minister has called on Malaysia Airline to cooperate with with no-frills rival AirAsia, instead of pursuing its own plan to set up a budget operation.
BAA's Q1 profit surges 28% on long-haul, low-cost travel
Rolls Royce H1 profit rises 18% on cost cuts
Obscene T-shirt gets couple ejected from US plane
Computer glitch grounds US Airways, American flights
Texas: Fuel oil spill following bunkering incident Ship's hull pierced by fuel barge during bunkering.
Gibraltar buyers back off from bullish numbers
Cape Town: First IFO sold out, new batch possible The first fuel oil to arrive in Cape Town for weeks is fully committed, but traders hope another batch of product will arrive shortly.
Fuel oil spill on Mississippi after collision
Singapore sales down in June, year-on-year still strong Annual sales figures look strong despite weaker monthly result, especially for 'other' grades.
Brent prices ease as Russian supply fears ebb BRENT oil prices eased off 14 year highs yesterday as US oil prices stormed to new record peaks of $44 a barrel on the back of fresh security alerts before also receding.
Underwriters adopt flexible Olympic stance A MASSIVE security build-up at the port of Piraeus for the Olympic Games has allowed underwriters leeway to be flexible in writing terrorism cover for the 'floating hotels' that will moor there.
TUI at mercy of share movements GERMAN tourism and logistics group TUI finds itself suddenly in the middle of share movements which could either herald a takeover bid or a concerted attack by hedge funds, betting on a further drop in the share price.
Spain adds ABS subsidiaries to Prestige negligence suit THE Spanish government has claimed that ABS had ample warning of structural problems on the Prestigebefore its loss in November 2002, citing surveys a subsidiary performed on two sisterships, and a faxed letter from a former master expressing concerns over the tanker's structural integrity.
Rates squeeze on Belgian blast ENERGY insurance markets are likely to remain under downward pressure despite the latest prospective loss from a blast involving a Belgian natural gas pipeline, writes James Brewer.
Hapag parent takeover moves MORGAN Stanley, the US based investment bank, has doubled to 10% its stake in Hapag Lloyd parent company TUI, according to media reports
Two 'abandon ships' in one week IT was a poor week for small-ship Alaskan cruising, as passengers aboard a second vessel - the Clipper Odyssey - were forced to abandon ship
Teconvi invests to cut congestion BRAZILIAN private container terminal operator Teconvi is increasing capacity at its Itajai base with a R$150M ($50M) cash injection
Severstaltrans denies Busan rumour RUSSIAN transport and logistics group Severstaltrans today denied any plans for investment in the South Korean port of Busan that was reported by Fairplay last week
Russian port privatisation unclear THE Russian government's plan to privatise state shareholdings in several ports next year was tabled at a cabinet meeting last week
Mississippi clean-up continues THE US Coast Guard is continuing its investigation today after a collision late last week on the Mississippi River between a tanker and a tug
Revamp Asia-U.S. all-water services Grand Alliance moves to give Savannah, Norfolk and New York-New Jersey a boost during peak shipping season.
Framework for WTO trade pact Negotiations for global trade agreement back on track as nations agree on framework for agriculture subsidies, other issues.
Stranded containers add to Brazilian box shortages A growing crisis linked to the shortage of containers in Brazil has been intensified by delays in the clearance of more than 3,000 containers stranded due to unpaid import duties.
French line steps up Zeebrugge interest CMA CGM is negotiating the acquisition of the Flanders Container Terminal (FCT) in Zeebrugge from the local port authority MBZ.
HK Government vows to enhance competitiveness
Vancouver struggles to handle soaring volumes
Adelaide next in line for container X-ray
Korean port safety proves satisfactory
Auckland steady, Wellington up in mixed year for NZ ports
Affimet secures transport through Freight Traders' first tender
Polish Mate fined for the guilt of collision The District Court of Rønne at the Isle of Bornholm has fined the mate on the Polish container vessel "Gdynia ...
Schooner salvaged and the cause of sinking easily found The ill-fated Danish schooner "Martha" has been salvaged from the position some 15 miles Northwest of Grenaa, where she ...
Damaging rig strike continues The four-week long strike of Norwegian oil workers employed on a number of rigs on the Norwegian Continental Shelf ...
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