Destroy pirates' resources, organisations on land THE recent trilateral agreement on coordinated naval patrols will have some impact on the persistent problem of piracy in the Malacca and Singapore straits, but it will not solve the problem, say maritime security and law experts.
Vietnam backs shipping firm to list in S'pore VIETNAM's finance ministry will support national shipping company Gemadept as the first domestic firm to list on a foreign stock market in Singapore, a ministry official said yesterday.
Shipbuilder Austal swings back to profit AUSTRALIAN shipbuilder Austal Ltd returned to profit yesterday, after shifting its business away from luxury yachts and concentrating on patrol boats and commercial ferries.
Precious expects profit to double PRECIOUS Shipping, Thailand's second-biggest sea-freight company by market value, said its net income may double this year in line with analysts' expectations because of higher rates for transporting cargo.
Tanker Rates PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to Asia were unchanged at a three-month low as the pace of bookings slowed for September.
Air and Land Transport
EU chief to head off Euro-US trade row THE European Union's trade commissioner has vowed to head off a trade war between Europe and the US over government subsidies to Airbus and Boeing.
Australia to boost airport security in A$48m upgrade
Qantas-BA alliance gets nod for 5 more years
China Southern to join SkyTeam
Virgin Blue raises fares to offset fuel costs
Log Book
Features
India strike may lead to shortages, inflation INDIA'S three million truckers stayed off the roads for a third day to protest against a new tax, as industry said the strike may delay goods movement, lead to faster inflation, cause shortages and hurt Asia's fourth-biggest economy.
Destroy pirates' resources, organisations on land THE recent trilateral agreement on coordinated naval patrols will have some impact on the persistent problem of piracy in the Malacca and Singapore straits, but it will not solve the problem, say maritime security and law experts.
Vietnam backs shipping firm to list in S'pore VIETNAM's finance ministry will support national shipping company Gemadept as the first domestic firm to list on a foreign stock market in Singapore, a ministry official said yesterday.
Shipbuilder Austal swings back to profit AUSTRALIAN shipbuilder Austal Ltd returned to profit yesterday, after shifting its business away from luxury yachts and concentrating on patrol boats and commercial ferries.
Precious expects profit to double PRECIOUS Shipping, Thailand's second-biggest sea-freight company by market value, said its net income may double this year in line with analysts' expectations because of higher rates for transporting cargo.
Tanker Rates PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to Asia were unchanged at a three-month low as the pace of bookings slowed for September.
Air and Land Transport
EU chief to head off Euro-US trade row THE European Union's trade commissioner has vowed to head off a trade war between Europe and the US over government subsidies to Airbus and Boeing.
Australia to boost airport security in A$48m upgrade
Qantas-BA alliance gets nod for 5 more years
China Southern to join SkyTeam
Virgin Blue raises fares to offset fuel costs
Log Book
Features
India strike may lead to shortages, inflation INDIA'S three million truckers stayed off the roads for a third day to protest against a new tax, as industry said the strike may delay goods movement, lead to faster inflation, cause shortages and hurt Asia's fourth-biggest economy.
Destroy pirates' resources, organisations on land THE recent trilateral agreement on coordinated naval patrols will have some impact on the persistent problem of piracy in the Malacca and Singapore straits, but it will not solve the problem, say maritime security and law experts.
Vietnam backs shipping firm to list in S'pore VIETNAM's finance ministry will support national shipping company Gemadept as the first domestic firm to list on a foreign stock market in Singapore, a ministry official said yesterday.
Shipbuilder Austal swings back to profit AUSTRALIAN shipbuilder Austal Ltd returned to profit yesterday, after shifting its business away from luxury yachts and concentrating on patrol boats and commercial ferries.
Precious expects profit to double PRECIOUS Shipping, Thailand's second-biggest sea-freight company by market value, said its net income may double this year in line with analysts' expectations because of higher rates for transporting cargo.
Tanker Rates PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to Asia were unchanged at a three-month low as the pace of bookings slowed for September.
Air and Land Transport
EU chief to head off Euro-US trade row THE European Union's trade commissioner has vowed to head off a trade war between Europe and the US over government subsidies to Airbus and Boeing.
Australia to boost airport security in A$48m upgrade
Qantas-BA alliance gets nod for 5 more years
China Southern to join SkyTeam
Virgin Blue raises fares to offset fuel costs
Log Book
Features
India strike may lead to shortages, inflation INDIA'S three million truckers stayed off the roads for a third day to protest against a new tax, as industry said the strike may delay goods movement, lead to faster inflation, cause shortages and hurt Asia's fourth-biggest economy.
WFS CEO: Shipping well-protected against bullish crude Shipping industry's progressive approach to hedging bunker fuel has protected it from perils experienced by some US airlines, says World Fuel Services President and CEO.
Vopak: EC have closed barging investigation Anti-corruption police investigation finds no evidence of anti-competative actions, small increase in Vopak net income in half-year results.
Singapore: New MD at Fratelli Cosulich
Bunker sales lagging container growth in Shenzhen Pricing blamed for lack of bunker sales growth in Chinese port city.
Master awarded compensation after bunker spill investigation
Bunker spill off-shore Fujairah An oil spill occurred off-shore Fujairah this weekend, believed to be 50mt of bunker fuel.
Gloves come off and fines go up as US authorities get tough on pollution BE AFRAID, be very afraid, is the US Department of Justice's message to shipowners whose vessels pollute the oceans of the world en route to a US port.
Höegh, Teekay and Statoil in CNG alliance THE race to put the world's first compressed natural gas ships on the water is hotting up with a potent new partnership entering the field.
Flemming Jacobs signs up with DVB Bank FLEMMING Jacobs is joining DVB, the Rotterdam transport finance bank run by former Intertanko managing director Dagfinn Lunde.
Munch insurers have last laugh as Scream is left uncovered OSLO city bureaucrats failed to take insurance out against the theft of Norway's most famous painting, The Scream (left), and another Edvard Munch masterpiece, Madonna (right), both stolen by armed robbers in broad daylight on Sunday.
Hapag threat as Tui is targeted GERMAN state-owned bank WestLB confirmed on Friday that it is to sell its 31.3% stake in Tui, Europe's largest tour operator and owner of container line Hapag-Lloyd
Bidders gather round Pan Ocean EIGHT of the 13 bids for South Korean operator Pan Ocean Shipping have been selected by Korea Development Bank to progress to the next stage
Norden raises profit forecast NORDEN, the Copenhagen-based listed bulk shipping company, has raised its full year 2004 profit forecast by 20% after reporting its best ever half-year results
Terminal sues over crane damage VIRGINIA International Terminals has filed a lawsuit in US Federal District Court after the Sea-Land Express struck a crane at Newport News in February
Alleged ISPS corruption revealed THE Philippines' top policy-making body on security is to investigate allegations of graft and corruption in domestic port facilities' compliance with the ISPS Code
Passengers safe after ferry fire A PASSENGER ferry carrying more than 300 passengers and crew caught fire yesterday whilst en-route between Waiheke Island and Auckland, New Zealand
New LA dockworkers get ready First group of temporary longshoremen chosen from among 300,000 applicants should be trained and on the job by the end of this week.
Daytime fee to move So.Calif. boxes Shippers who move cargo through LA-Long Beach during the day will pay a fee of $20 starting Nov. 1.
Improve forecasts or endure more delays, say supply-chain execs
Long Beach and LA file hoot-gate proposals with FMC West coast terminal operators have filed a detailed schedule with the Federal Maritime Commission (FMC) for introducing out of hours gates at the ports of Los Angeles and Long Beach.
Cool trucker response to traffic mitigation fees At least one cynical trucker says he will pass on the traffic mitigation fees proposed by Marine Terminal Operators (MTO) on the US West Coast.
LA's inbound volumes power ahead
SPSB to operate seven ports in Sabah
Auckland welcomes new fiscal year with increased volumes
Statoil embraces CNG concept Statoil has finally acknowledged the merits of transporting LNG as Compressed Natural Gas (CNG) for easy distribution, and has joined ...
EU dropped one action against Stolt EU has dropped its investigation of collusion into inland barge transportation against Stolt-Nielsen (and VOPAK). However, the probe into ...
Odfjell buys Livanos chemtankers Odfell has bought two 45,000 DWT chemical tankers, both built 1987, from Chemlog (Livanos) at USD 32.0 million en block ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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