Cosco Pacific's box volumes soar 45% on China boom COSCO Pacific, the Hong Kong-listed arm of China's top shipping conglomerate, recorded a 45 per cent surge in 2003 container volumes as the country's surging economy propelled a wave of maritime trade.
NYK's full-year outlook not as rosy as rivals' THE full-year performance outlook for Japan's largest shipping line Nippon Yusen Kaisha 'leaves something to be desired' compared with rivals' projections, according to president Takao Kusakari.
Melbourne port picks preferred bidder AUSTRALIA's premier container port, the Port of Melbourne Corporation , has selected Westgate Ports Pty Ltd as the preferred bidder for the redevelopment of Victoria Dock.
Queen christens the Queen BRITAIN's Queen Elizabeth names the cruise liner Queen Mary 2 at Southampton with the help of the master of the vessel Commodore Ronald Warwick .
Air and Land Transport
Austrian Airlines probe finds faults in several planes AUSTRIAN Airlines said on Friday an investigation into the emergency landing of one of its jets in Germany has found that other jets of the same model in its fleet had faults in panels meant to protect the engines from ice.
Flash insurers to pay out US$350,000 per family
Myanmar's 2nd international carrier delays first flights
Indian Airlines, other domestic carriers cut fares
Cathay to expand freighter fleet, services
Manchester City board in plane fire drama
Dockyard
Busy year to look forward to IT is not often that the shipping industry enters a new year in a generally optimistic mood, with most indicators - and especially freight rates - painting a picture of relatively high earnings and prompting expectations of continuing strong markets for the next 12 months at least.
Cosco Pacific's box volumes soar 45% on China boom COSCO Pacific, the Hong Kong-listed arm of China's top shipping conglomerate, recorded a 45 per cent surge in 2003 container volumes as the country's surging economy propelled a wave of maritime trade.
NYK's full-year outlook not as rosy as rivals' THE full-year performance outlook for Japan's largest shipping line Nippon Yusen Kaisha 'leaves something to be desired' compared with rivals' projections, according to president Takao Kusakari.
Melbourne port picks preferred bidder AUSTRALIA's premier container port, the Port of Melbourne Corporation , has selected Westgate Ports Pty Ltd as the preferred bidder for the redevelopment of Victoria Dock.
Queen christens the Queen BRITAIN's Queen Elizabeth names the cruise liner Queen Mary 2 at Southampton with the help of the master of the vessel Commodore Ronald Warwick .
Air and Land Transport
Austrian Airlines probe finds faults in several planes AUSTRIAN Airlines said on Friday an investigation into the emergency landing of one of its jets in Germany has found that other jets of the same model in its fleet had faults in panels meant to protect the engines from ice.
Flash insurers to pay out US$350,000 per family
Myanmar's 2nd international carrier delays first flights
Indian Airlines, other domestic carriers cut fares
Cathay to expand freighter fleet, services
Manchester City board in plane fire drama
Dockyard
Busy year to look forward to IT is not often that the shipping industry enters a new year in a generally optimistic mood, with most indicators - and especially freight rates - painting a picture of relatively high earnings and prompting expectations of continuing strong markets for the next 12 months at least.
Cosco Pacific's box volumes soar 45% on China boom COSCO Pacific, the Hong Kong-listed arm of China's top shipping conglomerate, recorded a 45 per cent surge in 2003 container volumes as the country's surging economy propelled a wave of maritime trade.
NYK's full-year outlook not as rosy as rivals' THE full-year performance outlook for Japan's largest shipping line Nippon Yusen Kaisha 'leaves something to be desired' compared with rivals' projections, according to president Takao Kusakari.
Melbourne port picks preferred bidder AUSTRALIA's premier container port, the Port of Melbourne Corporation , has selected Westgate Ports Pty Ltd as the preferred bidder for the redevelopment of Victoria Dock.
Queen christens the Queen BRITAIN's Queen Elizabeth names the cruise liner Queen Mary 2 at Southampton with the help of the master of the vessel Commodore Ronald Warwick .
Air and Land Transport
Austrian Airlines probe finds faults in several planes AUSTRIAN Airlines said on Friday an investigation into the emergency landing of one of its jets in Germany has found that other jets of the same model in its fleet had faults in panels meant to protect the engines from ice.
Flash insurers to pay out US$350,000 per family
Myanmar's 2nd international carrier delays first flights
Indian Airlines, other domestic carriers cut fares
Cathay to expand freighter fleet, services
Manchester City board in plane fire drama
Dockyard
Busy year to look forward to IT is not often that the shipping industry enters a new year in a generally optimistic mood, with most indicators - and especially freight rates - painting a picture of relatively high earnings and prompting expectations of continuing strong markets for the next 12 months at least.
OPEC admits to overproduction OPEC officials have owned up to overproduction, part of a mild OPEC effort to reassure the oil market that supply is ample and allow prices to ease back into the top end of OPEC's $22-$28 target price range.
Oil hits new highs as US supply falls to 28-year low Despite the fact that data from the US Department of Energy (DOE) this week showed that stock of distillates, including heating oil, surged last week to stand above year-ago levels, the energy market has been more preoccupied with the record-low stocks of crude oil and forecasts for a deep-freeze to hit the US Northeast.
Falmouth: Firm fuel oil offers available from early next week Tramp Oil and Marine Ltd confirmed to Bunkerworld today that they should begin supply in the port of Falmouth from next week.
New year, new team expansion at O.W.Bunker Germany
Gains across frosty Baltic keep new year rises on the boil The Baltic has started the new year in a firm frame of mind, with ports across the region showing continual gains over the last week, especially on distillate grades.
Rotterdam firm with crude &a barges
Singapore: PSA announces record throughput and expansion plans PSA Corporation (PSA) handled a record 18.1 million TEUs of containers at its terminals in Singapore in 2003. The company also announced plans for a 20% increase in its container handling capacity in the next few years.
US West Coast firm with muted demand (& tight avails?) Ports on the US West Coast have been firming for a week now based on tight avails and Monday's crude rally. Suppliers we spoke to today though all seemed to believe that they were the only one in the market while others were left without product.
Singapore joins battle for spoils in Asia container boom SINGAPORE terminal operator PSA Corp has revealed plans to build five new berths, increasing annual container handling capacity by 20% to 24m teu.
Shell reduces its estimate of proved oil and gas reserves by nearly 20% ROYAL Dutch/Shell has cut its estimate of proved oil and gas reserves by almost 4bn barrels, and failed to replace produced volumes for a third year in a row.
Cold spell pushes crude to nine-month high OIL prices have hit nine-month highs on fears that harsh weather in North America will push crude stocks, already at their lowest since 1975, even lower, writes Martyn Wingrove .
Hutchison port security charge angers UK freight forwarders PLANS by Felixstowe and Thamesport to impose a security levy on shippers have run into immediate criticism from cargo interests, writes Janet Porter.
Dry market at record levels THE Baltic Dry Index closed above the 5,000 mark for the first time ever today after the greatest weekly gain since the bull market took off in September/October last year
Have your say! IT'S almost official: the authorities in France and the US have gone mad. But which is the more crazy? Have your say!
Indian breakers face scrapheap THE head of India's shipbreakers' association has warned that the world's largest demolition yard, Alang, faces a bleak future
Revived Seagull boosts Latin rates THE revival of the Seagull liner service between the Mediterranean and east coast South America is part of a bid to restore rate levels on the depressed run
UK seeks scrapping strategy THE UK government is to seek a strategy for ship breaking following the 'ghost ship' fiasco
Crew home after being abandoned THE National Union of Seafarers of India has helped to repatriate 20 Indian seafarers from an Indian-flagged vessel that was abandoned off Lagos a year ago
So. Cal. agency eyes more projects Agency that built $1.4 billion intermodal rail corridor wants to leverage its expertise to help move goods in the region.
Cosco eyes more U.S. service, hubs China's leading shipping line expands capacity, wants to buy more American terminals.
Hamburg Süd revises U.S.-Asia route Carrier expanding capacity and port coverage on service linking West Coast and Asia.
Port of Portland resumes box handling after winter storm
Volume surge expected as PSA chases further customer JV's PSA Corporation expects to sign more joint ventures with its customers and is expanding its handling capacity over the next few years to meet that demand.
APL, PIL and Zim in talks to launch Asia/Australia joint service APL, Zim and Pacific International Lines are considering the launch of a joint Australasia/Taiwan and China service, an APL spokesman confirmed today.
Second contract for Bechtel in Umm Qasr rebuilding
Hupac seeks rail terminal to integrate the Betuwe Line
Up to three JNPT bidding consortia face disqualification
Hamburg Süd revises West Coast Americas service
Hangartner offers Domodossola/Karlsruhe intermodal service
Automation benefits stacking up at ECT
East-west box traffic boosts Marseilles to increased year-end
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