APL inks 20-year agreement with Shenzhen port NEPTUNE Orient Lines' container shipping arm APL signed a long-term terminal agreement with the booming western Shenzhen port of Chiwan, it said yesterday.
S'pore flavour at Posidonia GREECE's Prime Minister Costas Karamanlis officially opens the Singapore-International Maritime Centre Pavilion at Posidonia, the world's largest shipping exhibition.
Freight rates dip but August pick up seen PANAMAX dry bulk rates have fallen another notch due to few grain shipments and brokers said yesterday rates were likely to slip further with few supporting factors on the horizon.
Japan shipping stocks rise NIPPON Yusen KK paced gains for Japan's three largest shipping lines after Morgan Stanley raised its 12-month price estimates for their shares, saying increasing container revenue and bulk shipping will boost profits.
FREIGHT RATES OIL TANKER rates for shipping crude from the Persian Gulf were little changed, remaining near four-month highs, before suppliers released details of July exports.
Floating showcase THE USS Midway is silhouetted against the lights of downtown San Diego as tugboats pull the ship for docking at a pier in this Jan 5, 2004 file photo.
Air and Land Transport
Boeing plans to reclaim world No 1 spot in 2-3 yrs THE Boeing Company, the second largest aircraft manufacturer in the world in terms of orders and sales, plans to reclaim its world No 1 spot in two to three years time, a senior executive at Boeing said yesterday.
Iata wants revamp of global air traffic rules
MAS looks to replace ageing Fokker 50 jets
Air France-KLM May traffic up 21.3%
China gives green light for 2 more private airlines
APL inks 20-year agreement with Shenzhen port NEPTUNE Orient Lines' container shipping arm APL signed a long-term terminal agreement with the booming western Shenzhen port of Chiwan, it said yesterday.
S'pore flavour at Posidonia GREECE's Prime Minister Costas Karamanlis officially opens the Singapore-International Maritime Centre Pavilion at Posidonia, the world's largest shipping exhibition.
Freight rates dip but August pick up seen PANAMAX dry bulk rates have fallen another notch due to few grain shipments and brokers said yesterday rates were likely to slip further with few supporting factors on the horizon.
Japan shipping stocks rise NIPPON Yusen KK paced gains for Japan's three largest shipping lines after Morgan Stanley raised its 12-month price estimates for their shares, saying increasing container revenue and bulk shipping will boost profits.
FREIGHT RATES OIL TANKER rates for shipping crude from the Persian Gulf were little changed, remaining near four-month highs, before suppliers released details of July exports.
Floating showcase THE USS Midway is silhouetted against the lights of downtown San Diego as tugboats pull the ship for docking at a pier in this Jan 5, 2004 file photo.
Air and Land Transport
Boeing plans to reclaim world No 1 spot in 2-3 yrs THE Boeing Company, the second largest aircraft manufacturer in the world in terms of orders and sales, plans to reclaim its world No 1 spot in two to three years time, a senior executive at Boeing said yesterday.
Iata wants revamp of global air traffic rules
MAS looks to replace ageing Fokker 50 jets
Air France-KLM May traffic up 21.3%
China gives green light for 2 more private airlines
US Gulf barge operators reinstate fuel surcharges The fuel surcharge will increase the overall cost of bunkering in the USGC as the cost is passed on to buyers.
New York prices plummet, Philadelphia steady as demand thins
African bunker prices mostly back to pre-crude peak levels African markets see healthy demand and avails are mostly reported to be fine.
Piraeus tug strike hinders barge loading Some suppliers are still able to quote from own reserves, but strike must end soon to prevent widespread shortages.
Crude climbs after Iraqi explosion, Nigerian strike threat Security fears rekindled and Nigerian oil unions back general strike.
Hong Kong still moving steadily down Hong Kong was softer again today while a sharp fall in Taiwan's IFO prices yesterday brought it into line with regional trend.
Seaspan takes stake in China Shipping SEASPAN Container Lines is to take a huge stake in China Shipping Container Lines, which is raising $1.2bn through a public offering. Privately-owned Seaspan, part of the Vancouver-based Washington Group of Companies, will be the second biggest investor in China Shipping
Greece applauds contribution of shipping to nation's wealth POSIDONIA 2004 was officially opened by the Greek Prime Minister Costas Karamanlis who spoke at length about the contribution of the shipping industry to the country's economy, writes Janet Porter in Piraeus.
Baltic chairman warns UK on foreign owners tax clamp Any crackdown on the tax-friendly status of UK-based foreign shipowners would now result in a larger loss of government revenues than originally feared.
Strintzis quits as Blue Star chief STOCK-listed greek ferry line Blue Star Maritime, until recently known as Strinzia Lines Shipping, has lost its chairman and chief executive, writes Nigel Lowry in Athens.
MSC to sell stake in South African arm MEDITERRANEAN Shipping Company is reportedly going to sell a 25% stake in its South African subsidiary MSC (SA), under the country's black empowerment legislation, writes David Osler.
MSP contract dispute MORE than $30M in annual government payments is at stake in the dispute - which will now apparently be decided by a federal judge - between Maersk, US Ship Management (USSM) and the US Maritime Administration (MarAd).
Galle development given go ahead GALLE Port Development Project in Sri Lanka is to be resurrected after 14 years of hibernation
OMI: Stelmar failing shareholders OMI chairman Craig Stevenson said he was "extremely disappointed" by Stelmar Shipping's rejection of a merger proposal
APL cements China ties via Chiwan APL, the container arm of Singapore-listed Neptune Orient Lines signed a 20-year agreement with Chiwan Container Terminal today
Cape Africa: temporary repairs fail EFFORTS to secure a custom made, 65-tonne, steel cofferdam measuring 26m x 11m x 1.5m against the side of the damaged Cape Africa failed last week
LR fleet hits new highs LLOYD'S Register's classed fleet has reached an all time high of 113.8Mgt, surpassing the previous record of 113.7Mgt achieved in 1979
Maersk adds fifth string to its Asia/Europe bow The July introduction of Maersk Sealand's (MSL) fifth Asia/Europe String, the AE7, will also see a streamlining of other services on the trade, the line said today.
Suape lobs counter-accusations at unions as war of words rages on The bitter dispute raging at Tecon Suape continued today when the terminal's CEO demanded a formal retraction of what he called 'lies and misrepresentations' made by unions to the media.
Greek ordering spree continues During the period 1999-2006, the total number of Greek orders of large container carriers, tankers and bulk carriers could ...
20,000 expected at Posidonia 2004 Posidonia 2004 was inaugurated on Monday by the Greek Prime Minister Costas Karamanlis. The venue has attracted some 1,640 exhibitors ...
Six companies compete to operate gas ferries Six Norwegian ferry companies will compete to operate gas-propelled ferries on named route in Western Norway. The six companies ...
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