Hutchison Port profit up 15% on higher volume THE world's largest container port and terminal operator, Hutchison Port Holdings , reported a 15 per cent rise in profit last year on the back of healthy volume growth, once again making it the largest contributor to its parent's earnings.
Transpacific box carriers to open up on THC issue THE 14 major transpacific box carriers have said they will share the results of their 'extensive' internal review into their various terminal handling charges , with shippers and government agencies in Asia and the US.
Bengal Tiger ties up with NOL to start ME-subcontinent service BENGAL Tiger Lines will launch a new Middle East-India subcontinent service this month in 'close cooperation' with Neptune Orient Lines' container division APL.
Asian customers bear brunt of soaring freight costs RECORD shipping costs fuelled by China's ravenous appetite for commodities have pushed up prices for metals, raw materials and farm products across Asia - but done little to dampen demand.
APM show to present mock arbitration sessions HIGHLIGHTING Singapore's maritime arbitration expertise, the delegates and visitors to next week's Asia Pacific Maritime 2004 event will be able to watch re-enactments of arbitration sessions.
PIL, Wan Hai Lines to launch new Asia-Europe service SINGAPORE's Pacific International Lines has teamed up with Taiwan's Wan Hai Lines on a new Asia-Europe service launching next month.
Air and Land Transport
China hopes to fly own large planes by 2018 ASPIRING aviation power China hopes to put its own large passenger planes in the air by 2018 to meet voracious demand and save itself billions of dollars on foreign aircraft, state media reported yesterday.
Garuda expects profits to double this year
Black box has no links to Rwanda crash: UN
Embraer's Q4 net profit falls 57% on weaker plane sales
Australia mulls drug tests for pilots after crash inquiry
EU opens state aid probe into Olympic Airways
Admiralty Casebook
Boat owner awarded limited liability for incident on land APERSONAL injury dispute between two friends following an outing on a boat in a lake in Ontario went all the way to the Federal Court of Canada on a question of law regarding the meaning of certain words in the Canadian Shipping Act.
Hutchison Port profit up 15% on higher volume THE world's largest container port and terminal operator, Hutchison Port Holdings , reported a 15 per cent rise in profit last year on the back of healthy volume growth, once again making it the largest contributor to its parent's earnings.
Transpacific box carriers to open up on THC issue THE 14 major transpacific box carriers have said they will share the results of their 'extensive' internal review into their various terminal handling charges , with shippers and government agencies in Asia and the US.
Bengal Tiger ties up with NOL to start ME-subcontinent service BENGAL Tiger Lines will launch a new Middle East-India subcontinent service this month in 'close cooperation' with Neptune Orient Lines' container division APL.
Asian customers bear brunt of soaring freight costs RECORD shipping costs fuelled by China's ravenous appetite for commodities have pushed up prices for metals, raw materials and farm products across Asia - but done little to dampen demand.
APM show to present mock arbitration sessions HIGHLIGHTING Singapore's maritime arbitration expertise, the delegates and visitors to next week's Asia Pacific Maritime 2004 event will be able to watch re-enactments of arbitration sessions.
PIL, Wan Hai Lines to launch new Asia-Europe service SINGAPORE's Pacific International Lines has teamed up with Taiwan's Wan Hai Lines on a new Asia-Europe service launching next month.
Air and Land Transport
China hopes to fly own large planes by 2018 ASPIRING aviation power China hopes to put its own large passenger planes in the air by 2018 to meet voracious demand and save itself billions of dollars on foreign aircraft, state media reported yesterday.
Garuda expects profits to double this year
Black box has no links to Rwanda crash: UN
Embraer's Q4 net profit falls 57% on weaker plane sales
Australia mulls drug tests for pilots after crash inquiry
EU opens state aid probe into Olympic Airways
Admiralty Casebook
Boat owner awarded limited liability for incident on land APERSONAL injury dispute between two friends following an outing on a boat in a lake in Ontario went all the way to the Federal Court of Canada on a question of law regarding the meaning of certain words in the Canadian Shipping Act.
Hutchison Port profit up 15% on higher volume THE world's largest container port and terminal operator, Hutchison Port Holdings , reported a 15 per cent rise in profit last year on the back of healthy volume growth, once again making it the largest contributor to its parent's earnings.
Transpacific box carriers to open up on THC issue THE 14 major transpacific box carriers have said they will share the results of their 'extensive' internal review into their various terminal handling charges , with shippers and government agencies in Asia and the US.
Bengal Tiger ties up with NOL to start ME-subcontinent service BENGAL Tiger Lines will launch a new Middle East-India subcontinent service this month in 'close cooperation' with Neptune Orient Lines' container division APL.
Asian customers bear brunt of soaring freight costs RECORD shipping costs fuelled by China's ravenous appetite for commodities have pushed up prices for metals, raw materials and farm products across Asia - but done little to dampen demand.
APM show to present mock arbitration sessions HIGHLIGHTING Singapore's maritime arbitration expertise, the delegates and visitors to next week's Asia Pacific Maritime 2004 event will be able to watch re-enactments of arbitration sessions.
PIL, Wan Hai Lines to launch new Asia-Europe service SINGAPORE's Pacific International Lines has teamed up with Taiwan's Wan Hai Lines on a new Asia-Europe service launching next month.
Air and Land Transport
China hopes to fly own large planes by 2018 ASPIRING aviation power China hopes to put its own large passenger planes in the air by 2018 to meet voracious demand and save itself billions of dollars on foreign aircraft, state media reported yesterday.
Garuda expects profits to double this year
Black box has no links to Rwanda crash: UN
Embraer's Q4 net profit falls 57% on weaker plane sales
Australia mulls drug tests for pilots after crash inquiry
EU opens state aid probe into Olympic Airways
Admiralty Casebook
Boat owner awarded limited liability for incident on land APERSONAL injury dispute between two friends following an outing on a boat in a lake in Ontario went all the way to the Federal Court of Canada on a question of law regarding the meaning of certain words in the Canadian Shipping Act.
Batumi port blockade to be lifted at midnight The conflict between the central Georgian government and the semi-autonomous Black Sea region caused all shipping movements inside the port of Batumi to grind to a halt on Tuesday this week, including bunkering operations.
ARA: Volatile markets see distillates sky-rocket
Nigeria questions OPEC cut as oil price hits 13-year high Nigerian Presidential Adviser on Petroleum told reporters that OPEC may still reconsider its April cut decision when it meets at the end of this month. Nigeria has reportedly also reversed April cuts and plans more crude exports next month.
Norwegian Ro-Ro operator hit with $3.5m dumping fine Concealed 'magic pipe' used to syphon off oily waste dumped into sea, as second operator in week slapped with US west coast fine
Tight prompt and range-bound market despite cargo flood The price level for IFO380 in the Singapore bunker market today was very similar to the price offered exactly two weeks ago, despite the price of the front-month WTI crude contract having moved up by around $2 per barrel in the interim.
High numbers still haunt Tokyo
California players anticipate post-tax sales boom Los Angeles post-tax prices set to challenge Pacific Rim ports as April 1 tax exemption approaches
Singapore's residual stocks rise with further gains expected Singapore stocks of residual fuels, which include high sulphur fuel oil (HSFO), are 60.4% up on year-ago levels. This week's rise in stocks was seen as evidence that an expected slew of arbitrage cargoes had begun to trickle into the Asian oil transshipment hub.
Cargo numbers keep Italian buyers quiet
Rotterdam distillates prices soar with crude, shortages
EC contests talk of $60 pmt sulphur premium Smaller refiners could be sidelined under EC sulphur proposals because of costly outlays for blend stocks and desulphurisation, say delegates at Paris refining conference
Steel price puts the squeeze on yards SOARING steel prices have forced the world's largest shipbuilder, Hyundai Heavy Industries, to admit that it is in trouble, and appears to have caught out Hapag-Lloyd on the cost of a pair of containerships.
US to enforce individual visas for crew shore leave THE US State Department has confirmed that it intends to press ahead with its controversial elimination of the crew-list visa as of June 16, and to require merchant mariners calling at US ports from that date to be furnished with individual visas.
MOL orders biggest ever bulker MITSUI OSK Lines, which already has the most capesizes in the world, is now ordering the biggest bulk carrier ever - a monster 323,000 dwt ship that will dwarf most very large crude carriers.
Festival asks Italian government to break deadlocked talks with French bank FESTIVAL Cruises' battle to save itself from bankruptcy has taken an unexpected political turn following an appeal from the company to the Italian government to help it get talks started again between its would-be rescuers and its French creditors, writes Andrew Spurrier in Paris .
Market Shell-shocked at cuts SHELL has again shocked the market by slashing more booked oil and gas reserves after employing consultants to do an external review.
Politicians keep cruise talks alive SENIOR French and Italian politicians have become involved in trying to broker talks between Festival Cruises' rescue team and the company's creditors
Have your say! HOW is it that the US government trusts foreign crewmembers to navigate ships carrying cargoes into US ports, but stops them coming ashore to call home? Have your say!
USWC ports to close in Iraq protest DOCK workers on the US West Coast will shut down all ports in their jurisdiction on 20 March to protest against the US war in Iraq.
Hoegh pays heavily for dumping HOEGH Fleet Services has agreed to pay $3.5M in fines for federal charges related to illegal waste oil dumping off the US east coast.
Tehran signs massive LNG deal STATE-owned Chinese oil and gas company Zhuhai Zhenrong Corp has signed a $20Bn deal to buy more than 110M tonnes of LNG from Iran over 25 years.
LUKoil eyes Iran export bonanza LUKoil, Russia's largest oil producer, is looking to expand its oil swap deal with Iran when a contract is renewed shortly for shipments of Siberian Light crude.
PMA chief Miniace resigns Negotiator of breakthrough West Coast technology contract is leaving the Pacific Maritime Association.
Asia boom will fill ships: APL chief Ahead of rate talks, APL's Widdows says import growth will easily absorb new capacity entering the Asia-U.S. trade lanes.
SSAT to operate Oakland's Howard Terminal The Port of Oakland has reached a long-term agreement for SSA Terminals (SSAT) to operate the Howard Terminal, which has been empty since 2002, when SSAT moved out.
Global players the gainers from C/E Europe transport growth
Bidders lose interest Kandla terminal
EU approves second rail package
Madrid bomb shockwaves initiate security upgrades
Angry carriers buck NZ security charges
SSA Marine to leave Umm Qasr at end of June
MSC's Far Eastern Lion service roars into action
Auditors clear HMM shares as company predicts best ever results
Increasing development cost for Statoil Development cost of the Kristin and Sn'hvit/Albatross field could be upwards to NOK 3.0 billion (EUR 353.8 million) more ...
Work to right capsized "Rocknes" begins Salvage companies have begun the work to right the 28,115 DWT, self-discharging bulk carrier "Rocknes", which capsized near Bergen ...
ABB delivers for EUR 90 mill to nine vessels ABB is to supply electrical power and distribution systems and Azipod propulsion and steering systems for a total of NOK ...
- 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
