PSA's local volumes up 12% in Q1 PSA Corporation's Singapore container throughput grew 12 per cent in the first quarter of 2004, while Jurong Port chalked up about 60 per cent more boxes than a year earlier, the two local operators announced yesterday.
Shenzhen port rides high on China's export surge CHINA's Pearl River Delta container port of Shenzhen continues to ride the surging wave of Chinese exports with first quarter volumes up 30 per cent over the same period last year, according to the Shenzhen port authority.
Indian shipping firms rush to boost fleet as imports soar INDIA's Great Eastern Shipping Co and Mercator Lines Ltd plan to spend more than a combined US$420 million on new ships in the next two years as rising demand for crude oil and factory machinery swell cargo traffic to Asia's third-biggest economy.
TANKER RATES GULF oil tanker rates for shipping crude to Asia, unchanged yesterday, may fall after the Easter holidays as oil companies and traders postpone bookings for May in anticipation of lower rates.
Air and Land Transport
Air Canada revamp chief resigns AIR Canada's No 2 executive, Calin Rovinescu, resigned unexpectedly on Wednesday for undisclosed reasons, marking another setback in the insolvent airline's last-ditch efforts to emerge from bankruptcy protection and avoid liquidation.
Rolls-Royce looking at risk sharing in Boeing 7E7 project
Indian Airlines to lease six A320s this yr
EU clears Alitalia-Air France tie-up after they give up slots
March passengers, cargo up at Incheon airport
Admiralty Casebook
Liability limitation depends on type of maritime claim WHETHER a charterer can limit its liability under the 1976 Convention on the Limitation of Liability for Maritime Claims will depend on the type of claim against it rather than the capacity in which it acted when it incurred the liability, the English Court of Appeal ruled recently.
PSA's local volumes up 12% in Q1 PSA Corporation's Singapore container throughput grew 12 per cent in the first quarter of 2004, while Jurong Port chalked up about 60 per cent more boxes than a year earlier, the two local operators announced yesterday.
Shenzhen port rides high on China's export surge CHINA's Pearl River Delta container port of Shenzhen continues to ride the surging wave of Chinese exports with first quarter volumes up 30 per cent over the same period last year, according to the Shenzhen port authority.
Indian shipping firms rush to boost fleet as imports soar INDIA's Great Eastern Shipping Co and Mercator Lines Ltd plan to spend more than a combined US$420 million on new ships in the next two years as rising demand for crude oil and factory machinery swell cargo traffic to Asia's third-biggest economy.
TANKER RATES GULF oil tanker rates for shipping crude to Asia, unchanged yesterday, may fall after the Easter holidays as oil companies and traders postpone bookings for May in anticipation of lower rates.
Air and Land Transport
Air Canada revamp chief resigns AIR Canada's No 2 executive, Calin Rovinescu, resigned unexpectedly on Wednesday for undisclosed reasons, marking another setback in the insolvent airline's last-ditch efforts to emerge from bankruptcy protection and avoid liquidation.
Rolls-Royce looking at risk sharing in Boeing 7E7 project
Indian Airlines to lease six A320s this yr
EU clears Alitalia-Air France tie-up after they give up slots
March passengers, cargo up at Incheon airport
Admiralty Casebook
Liability limitation depends on type of maritime claim WHETHER a charterer can limit its liability under the 1976 Convention on the Limitation of Liability for Maritime Claims will depend on the type of claim against it rather than the capacity in which it acted when it incurred the liability, the English Court of Appeal ruled recently.
PSA's local volumes up 12% in Q1 PSA Corporation's Singapore container throughput grew 12 per cent in the first quarter of 2004, while Jurong Port chalked up about 60 per cent more boxes than a year earlier, the two local operators announced yesterday.
Shenzhen port rides high on China's export surge CHINA's Pearl River Delta container port of Shenzhen continues to ride the surging wave of Chinese exports with first quarter volumes up 30 per cent over the same period last year, according to the Shenzhen port authority.
Indian shipping firms rush to boost fleet as imports soar INDIA's Great Eastern Shipping Co and Mercator Lines Ltd plan to spend more than a combined US$420 million on new ships in the next two years as rising demand for crude oil and factory machinery swell cargo traffic to Asia's third-biggest economy.
TANKER RATES GULF oil tanker rates for shipping crude to Asia, unchanged yesterday, may fall after the Easter holidays as oil companies and traders postpone bookings for May in anticipation of lower rates.
Air and Land Transport
Air Canada revamp chief resigns AIR Canada's No 2 executive, Calin Rovinescu, resigned unexpectedly on Wednesday for undisclosed reasons, marking another setback in the insolvent airline's last-ditch efforts to emerge from bankruptcy protection and avoid liquidation.
Rolls-Royce looking at risk sharing in Boeing 7E7 project
Indian Airlines to lease six A320s this yr
EU clears Alitalia-Air France tie-up after they give up slots
March passengers, cargo up at Incheon airport
Admiralty Casebook
Liability limitation depends on type of maritime claim WHETHER a charterer can limit its liability under the 1976 Convention on the Limitation of Liability for Maritime Claims will depend on the type of claim against it rather than the capacity in which it acted when it incurred the liability, the English Court of Appeal ruled recently.
Bulls & holidays dampen demand in the ARA A combination of tight prompt avails coupled with bullish crude movements have conspired to push markets in the region significantly higher today. This was another factor suppressing demand as more attractively priced options can be found, depending on the shipping route of any given buyer.
Singapore fuel oil draw attributed to Chinese demand
Singapore ends week firm but nervous of correction Prices firmed in Singapore today as the market slowed down ahead of the long weekend, but suppliers were heard keen to sell at today's elevated numbers as many anticipated the bull run for this market could be coming to an end.
Mixed bunker avails outlook as refiners cut runs South Korea's biggest refiner has cut crude processing rates more than originally planned this month, while other refiners have cut production of HSFO, which is having some impact on the country's bunker market.
Indian market update
Rotterdam firm, prompt product tight
Nippon Oil and NYK reduce March IFO180 price IFO180 retroactive price down fractionally as MDO levels raised $2 pmt
Incorrect manifest ruins cruise HUNDREDS of passengers were stranded in Charleston, South Carolina yesterday when the US Coast Guard forced Celebrity Cruises' Galaxy to leave port for several hours because of an improperly filed passenger manifest
Talks continue at Daewoo Mangalia TALKS between Romania's Daewoo Mangalia shipyard management and the union representing strikers have continued today in a bid to resolve a seven-day strike
US labour deal on course LONGSHOREMEN in the US continue labour negotiations with local ports following a 23 March general pact with East and Gulf Coast ports
China now NY's top trade partner THE Port of New York-New Jersey's internal forecast for 4% growth per annum has proven far too conservative
Cash problems beset Northlink FINANCIAL difficulties facing NorthLink Orkney & Shetland Ferries has led the Scottish Executive to order an early re-tendering of the contract to operate ferry links
Shrewd LUKoil profits from deal LUKOIL has arranged the sale of its fleet of river-sea class tankers to a Malta-registered company indirectly controlled by LUKoil management
Senate panel OKs security bill The legislation strips a provision that would have required the government to collect a service fee to support $400 million in annual port security grants.
Shippers open to longer gate hours The Waterfront Coalition has pledged to work with terminal operators in Los Angeles-Long Beach to support a program of extended gate hours.
APMM can expect higher rates and soaring profits for two more years says bank UBS Investment Research is predicting a staggering 19.5% net profit increase for AP Moller-Maersk (APMM) between the end of 2003 and 2005 as a result of increased freight rates.
Intermodal crisis escalates on Canada's west coast Canada's west-coast intermodal crisis is deepening, with over 10,000 containers of inbound Asian goods stranded, thanks to a railcar shortage.
ZAP group set to enter China/Australia trade in mid-May A new Zim/APL/PIL (ZAP) consortium is set to enter the China/Australia trade with a weekly service, although it is said to be undecided about entering the controversial Asia-Australia Discussion Agreement.
Asian volumes add impetus to PANYNJ intermodal developments
Rising energy demand puts pressure on truck charging warns IEA
Zim continues collaborative approach to trans-Pac services
Rotterdam added to MSC Silk string
Novi Sad remains the only block on Danube's river highway
CIMC to start construction of a fifth container plant
Senator Lines to participate in CHKY's China-North Europe Express
Suspected market manipulation of Aker Kvaerner share price Norway's financial regulating authority - Kredittilsynet - is looking into allegations of manipulation during the last Aker Kvaerner right issue. Wrong information ...
Intertanko criticises crew detention The practice of governments to detain crews after a tanker incident is heavily criticised by Intertanko. Its new chairman, American ...
Prestige operations resume in May Work to recover heavy fuel oil and hull samples from the sunken oil tanker "Prestige" at a depth of nearly ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
