Qingdao Port plans listing to fund expansion THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.
Air and Land Transport
EADS wins 3b euro Arianespace order EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year
Port Shots
STX wins US$90m order for two ships STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.
Qingdao Port plans listing to fund expansion THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.
Air and Land Transport
EADS wins 3b euro Arianespace order EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year
Port Shots
STX wins US$90m order for two ships STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.
Qingdao Port plans listing to fund expansion THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.
Air and Land Transport
EADS wins 3b euro Arianespace order EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year
Port Shots
STX wins US$90m order for two ships STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.
Cape Africa bunker transfer on hold again, hope for Tuesday Latest attempt to extract bunker fuel put on hold after salvors run out of daylight hours.
Gibraltar strike speculation discounted Rumours pertaining to a strike had been circulating in Gibraltar on Friday afternoon, but so far players say they have not been substantiated.
Crude prices plummet after Saudi supply suggestion Influential oil minister suggests OPEC should discuss an increase in quotas and announce a decision at the June 3 meeting.
Bunker supplier takes key role in 'clean products' venture UAE government-owned oil company looking to 'fill an expanding global niche' for double-hulled clean products transportation.
Rotterdam softens as crude falls
Bunkers 'absorbing' cargo influx despite price dip Chinese absence could see lack of demand for Asia-bound fuel oil cargoes as widening west-east cargo price differential sparks renewed arbitrage interest, say traders.
Maersk to lose millions after Iraq U-turn on Khor al Zubair MAERSK'S five-year agreement to run a key Iraqi port is set to be ripped up without compensation, following an Iraqi decision to put port sector modernisation out to tender.
Møller-Maersk in Hyundai rig row AP Møller-Maersk and Hyundai Heavy Industries, two giants of the shipping world, are locked in battle over ownership of an oil rig that should have been completed a year ago.
Safmarine ship marks milestone THE first of three vessels ordered by Safmarine and purpose built for the West Africa trades was named on Saturday, writes Janet Porter.
MHI reassures investors after Hamanasu blaze MITSUBISHI Heavy Industries spent yesterday dampening investor alarm over a second fire at its Nagasaki yard that has done undetermined damage to another nearly complete passengership.
Iraq: threat to foreigners at Basra CONFLICTING reports are coming out of Iraq concerning the extent of damage caused by sabotage against a pipeline near Basra on Saturday, and a previously unknown group has threatened to kill foreigners in the city
Iraqi Ports plans $1Bn investment THE Iraqi Ports Authority has plans for 60 new berths "over the next five to 10 years" to be developed at a cost of around $1Bn
UK rejects national port strategy The UK government has rejected calls for a national strategic plan on port expansion despite being told that a clear statement on future planning is "essential"
Job threat at struggling Pemex MEXICAN oil giant Pemex was hit by a $93M loss during its first quarter, amid growing reports that up to 5,000 non-union jobs could be axed this year
Bulker held for cleaning tanks A Turkish bulker, the 6596dwt TK Venice, was taken to Brest under escort on Friday after being caught voluntarily cleaning its tanks off the French coast
Sherwood satisfied despite 1Q loss REFLECTING its traditional seasonal shortfalls in the ferry sector, Sea Containers reported a loss of $16.8M on revenues of $378M for the first quarter of 2004
Oakland truckers go back to work Harbor truckers returned to work at the Port of Oakland, ending a week of protests against soaring diesel fuel costs that slowed container truck traffic to a crawl.
New highs for box charter rates Carriers feel new cost pressures on top of higher fuel bills and resistance by shippers to the latest round of freight rate increases.
Trailer Bridge narrows loss
Record volume for U.S. intermodal
Taiwan eases cross-strait shipping rules
Coalition inviting Iraq port bids
Descartes loses Oxford to Management Dynamics
EU ready to end farm export aid
Pacific International Lines launches Asia/Australia service
Sea Containers buoyed by box profits
U.S. files WTO semiconductor complaint against China
Settlement sees Oakland drivers lift port protests Striking truck drivers in Oakland are back at work today after being offered a 25% increase in their base rate and a 10-12% fuel surcharge to offset high diesel prices.
Customs blow against 'grey' imports hits Russian shippers Recent rises in Russian duties have left shippers of lower-priced commodities out of pocket and less inclined to buy Asian goods, according to Jan Mortensen, general director, APL CIS.
Port managed chassis pool to be launched in the US this month
Additional Taiwan ports open for mainland shipments
Rail shuttle aims at beating trucks for speed on Turkey to Germany route
Dongnama to launch Korea/China/Russia pendulum service
36 daily departures from Tallinn to Helsinki Tallink's fast ferry "AutoExpress 3" will be put into the Tallinn-Helsinki service on 14 May. The number of daily ...
A.P. Møller-Mærsk sells two more VLCCs A.P. Møller-Mærsk has sold the to last units of the first series of double-hull VLCC's, built in the ...
Final permission to convert LNG newbuilding Crossgas Energy, which is a 50/50 joint venture of Golar LNG and Saipem, has obtained approval from Italian authorities ...
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