Ports told to keep pace with growth A booming Asia led by China and India would mean that the region needs to build up its port infrastructure fast enough to meet the growth in maritime trade.
Containerised trade imbalance set to worsen THE imbalance of containerised trade flows is set to worsen as global manufacturing becomes even more concentrated in Asia and seaborne cargo becomes cheaper, according to a top maritime economics academic.
AP Moeller seen posting 27% rise in '03 profit DENMARK's shipping and oil group AP Moeller-Maersk is seen posting a 27 per cent rise in 2003 net profit before special items thanks to high freight rates and oil prices.
Carnival cruises to higher first-quarter earnings CARNIVAL Corp-Carnival plc, the world's No 1 cruise group, reported better-than-expected quarterly earnings as bookings and prices bounced back from lows caused by Iraqi war fears in early 2003.
Air and Land Transport
Pacific island states told to tighten security AUSTRALIA warned its Pacific island neighbours yesterday it may refuse landing rights to aircraft from countries with lax airport security amid fears they could be the next launching pad for terrorist attacks.
Ports told to keep pace with growth A booming Asia led by China and India would mean that the region needs to build up its port infrastructure fast enough to meet the growth in maritime trade.
Containerised trade imbalance set to worsen THE imbalance of containerised trade flows is set to worsen as global manufacturing becomes even more concentrated in Asia and seaborne cargo becomes cheaper, according to a top maritime economics academic.
AP Moeller seen posting 27% rise in '03 profit DENMARK's shipping and oil group AP Moeller-Maersk is seen posting a 27 per cent rise in 2003 net profit before special items thanks to high freight rates and oil prices.
Carnival cruises to higher first-quarter earnings CARNIVAL Corp-Carnival plc, the world's No 1 cruise group, reported better-than-expected quarterly earnings as bookings and prices bounced back from lows caused by Iraqi war fears in early 2003.
Air and Land Transport
Pacific island states told to tighten security AUSTRALIA warned its Pacific island neighbours yesterday it may refuse landing rights to aircraft from countries with lax airport security amid fears they could be the next launching pad for terrorist attacks.
Crude falls after big US crude build, moderate gasoline draw Oil prices fell today after weekly statistics from the US Department of Energy (DOE) surprised the market with a huge rise in commercial US crude inventories. The DOE also showed a minor draw in gasoline stocks compared to forecasts.
New Saudi posted prices, possible tightness for April
Barge service returns to Lazaro Cardenas ICS Petroleum and Naval Mexicana joint-venture moves Apolo to Mexican west coast port.
Antwerp below Rotterdam as trader prepares for export The Rotterdam trade market for high sulphur fuel oil (HSFO) has been supported by keen buying activities from one or two big traders. As a result, trade and bunker markets in Antwerp were able to beat Rotterdam on price today.
Shutdown postponement eases supply fears Planned April closure at Greek state-owned Hellenic Petroleum's Aspropyrgos refinery postponed
Piraeus holiday postpones prompt supply
Low demand and good avails depress South Korean market Low demand and increasing avails stocks have managed to surpress indications in South Korean ports.
'New' Libya opens up to bunker market Greece-based trader Medstone SA offering delivery service for IFO120 and MGO at three Libyan ports.
Rotterdam market reflects overnight crude rise
USGC supplier's new ex-pipe services first of 'number of steps' Houston Marine Services agreement with Texas City marine terminal operator for ex-pipe delivery to start April 1
Qatar takes $6bn step towards number one slot for gas-to-liquids QATAR'S ambition to become the global gas-to-liquids capital of the world is taking a giant step forward with three new projects totalling $6bn.
Greek duo order more LNG ships TWO leading Greek shipowners are expanding their commitment to liquefied natural gas shipping with orders for further tonnage, writes Tony Gray.
VLCC rates hit five-month low VERY large crude carrier rates have nearly halved in the last week, dropping to five-month lows on the back of soft market sentiment and increasing vessel availability.
US Coast Guard to make ISPS foreign port checks VISITS to foreign harbours involved in US trade will be an integral part of the US Coast Guard's implementation plan on the International Ship and Port Facility Security Code that comes into force on July 1, a senior official said in Stamford this week.
City of London mayor in anti-terror call A CALL for more intensive efforts to fight terrorism and money laundering has come from Robert Finch, who as Lord Mayor of the City gives strong backing to the interests of the financial centre, writes James Brewer.
P&O Nedlloyd pays record $32,500 a day for boxship pair P&O Nedlloyd is paying record charter rates for a pair of Hansa Mare-owned panamax containerships as the market continues its heady upwards march, writes Janet Porter.
Intra-Asia trade may hit Singapore GROWING Intra-Asia trade could hit container transhipment ports such as Singapore, a senior official of the Maritime and Port Authority, Singapore said today
Have Your Say! WOULD you feel comfortable reporting "characteristics and behaviour patterns of people likely to be security threats" among your colleagues, clients and contacts?
Shoreside security crucial NEW maritime security regulations should extend to shoreside office practice, and effectively include personnel profiling, conference speakers say
Labour agreement reached in US POSSIBLE labour problems in US East and Gulf Coast ports were averted yesterday when the Longshoremen Association reached a six-year deal with US Maritime Alliance
Fourth time unlucky for dredger AS the Belgian dredger Filippo Brunelleschi experiences its fourth mishap, its crew, some who have been hospitalised, must be thinking it is the world's unluckiest dredger
USCG not ready for AIS COAST Guard receiving stations may not be equipped in time to receive signals from ships newly fitted with AIS under the ISPS Code, the US Senate heard today
Ports still a terror target, hearing told Maritime and security agency chiefs tell Senate committee that U.S. ports remain vulnerable to terrorist attacks.
At NCBFAA: End to paper filings near Census readies raft of new export e-filing rules.
House committee approves highway spending bill
Calls for increased U.S. rail security
Nedlloyd shareholders approve P&O buyout, IPO
DoD, NATO will test sharing RFID networks
APL sets up Russian company
Evergreen opens India offices
Strike to cut CN profit
Pakistan to install container screening machines
Former PONL exec to head Management Dynamics board
Services vulnerable as charter rates charge again High charter rates are making some services vulnerable to cuts as the spiralling costs bring the viability of some strings into question.
Deutsche Bahn warns of drastic network investment downscaling
Korean government to extend Gwangyang exemptions until 2006
CP Ships to acquire 'key' Canadian forwarder
AustralAsia Railway moves first Asian export boxes
Madrid bombs light fuse of rail and maritime security demands
Evergreen to launch dedicated Taiwan-Thailand service
Intermodal took brunt of CN strike
P&O Ports to invest C$130m in Vancouver's Centerm
Auckland awards dredging, terminal contract as box volumes slip
Gorthon acquires "Finnfighter" Gorthon Lines has acquired the 15,092-DWT ro-lo carrier "Finnfighter", built 2001, from B&N Nordsj'frakt. The vessel will ...
Stolt-Nielsen face renewed legal threats Chemical tanker operator Stolt-Nielsen SA faces a renewed threat of legal action after the US Department of Justice withdrew ...
Japanese shipowner to invest EUR 8.8 billion in new ships Japanese MOL's plans up until 2010 include JPY 1,160 billion (EUR 8.8 billion) in investments in new ships. The fleet ...
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