Portek chalks up record full-year profit SINGAPORE-listed port operator and engineering services provider Portek International says it wants to grow its higher-margin terminal business along with an expansion into the energy sector, as it reported record full-year profits yesterday.
Alert raised after pirate attacks off Indonesia INTERNATIONAL maritime watchdogs yesterday raised a piracy alert for shipping in South-east Asian waters after armed raiders stormed two vessels off the Indonesian coast, briefly taking crewmen hostage.
CSCL H1 net profit soars to 1.5b yuan CHINA Shipping Container Lines , the world's No 10 containership operator, posted a near quadrupling in first-half earnings on Tuesday, helped by higher freight rates amid a China-led trade boom.
UK detains roach infested ship THE UK's Maritime and Coastguard Agency detained five vessels in July for failing port state control inspections including a passenger vessel with major health-related deficiencies.
Sinotrans profit up 8% CHINESE freight forwarder Sinotrans said on Tuesday its first-half net profit rose 8 per cent, as booming trade with China spurred demand for logistics services.
TANKER RATES PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to the US fell to more than a three-month low as limited demand in the second half of September boosted supplies in the market.
Air and Land Transport
Alitalia faces collapse in 20 days: CEO STATE carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a 400 million euro loan, the company's head was quoted as saying in Italian news reports on Tuesday.
Manila seeks law to spin off airports, ports, rail
Govts urged to cover terrorism
Air Deccan starts flights on main routes
Macquarie Airports' H1 profit triples
British Airways cancels flights on staff shortage
Newbuilds
European lifeboat maker expands to Asia THE newbuilding scene remains quiet but the few orders that have been reported are for large and expensive vessels and reflect the current focus on post panamax container ships and LNG carriers.
Portek chalks up record full-year profit SINGAPORE-listed port operator and engineering services provider Portek International says it wants to grow its higher-margin terminal business along with an expansion into the energy sector, as it reported record full-year profits yesterday.
Alert raised after pirate attacks off Indonesia INTERNATIONAL maritime watchdogs yesterday raised a piracy alert for shipping in South-east Asian waters after armed raiders stormed two vessels off the Indonesian coast, briefly taking crewmen hostage.
CSCL H1 net profit soars to 1.5b yuan CHINA Shipping Container Lines , the world's No 10 containership operator, posted a near quadrupling in first-half earnings on Tuesday, helped by higher freight rates amid a China-led trade boom.
UK detains roach infested ship THE UK's Maritime and Coastguard Agency detained five vessels in July for failing port state control inspections including a passenger vessel with major health-related deficiencies.
Sinotrans profit up 8% CHINESE freight forwarder Sinotrans said on Tuesday its first-half net profit rose 8 per cent, as booming trade with China spurred demand for logistics services.
TANKER RATES PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to the US fell to more than a three-month low as limited demand in the second half of September boosted supplies in the market.
Air and Land Transport
Alitalia faces collapse in 20 days: CEO STATE carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a 400 million euro loan, the company's head was quoted as saying in Italian news reports on Tuesday.
Manila seeks law to spin off airports, ports, rail
Govts urged to cover terrorism
Air Deccan starts flights on main routes
Macquarie Airports' H1 profit triples
British Airways cancels flights on staff shortage
Newbuilds
European lifeboat maker expands to Asia THE newbuilding scene remains quiet but the few orders that have been reported are for large and expensive vessels and reflect the current focus on post panamax container ships and LNG carriers.
Portek chalks up record full-year profit SINGAPORE-listed port operator and engineering services provider Portek International says it wants to grow its higher-margin terminal business along with an expansion into the energy sector, as it reported record full-year profits yesterday.
Alert raised after pirate attacks off Indonesia INTERNATIONAL maritime watchdogs yesterday raised a piracy alert for shipping in South-east Asian waters after armed raiders stormed two vessels off the Indonesian coast, briefly taking crewmen hostage.
CSCL H1 net profit soars to 1.5b yuan CHINA Shipping Container Lines , the world's No 10 containership operator, posted a near quadrupling in first-half earnings on Tuesday, helped by higher freight rates amid a China-led trade boom.
UK detains roach infested ship THE UK's Maritime and Coastguard Agency detained five vessels in July for failing port state control inspections including a passenger vessel with major health-related deficiencies.
Sinotrans profit up 8% CHINESE freight forwarder Sinotrans said on Tuesday its first-half net profit rose 8 per cent, as booming trade with China spurred demand for logistics services.
TANKER RATES PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to the US fell to more than a three-month low as limited demand in the second half of September boosted supplies in the market.
Air and Land Transport
Alitalia faces collapse in 20 days: CEO STATE carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a 400 million euro loan, the company's head was quoted as saying in Italian news reports on Tuesday.
Manila seeks law to spin off airports, ports, rail
Govts urged to cover terrorism
Air Deccan starts flights on main routes
Macquarie Airports' H1 profit triples
British Airways cancels flights on staff shortage
Newbuilds
European lifeboat maker expands to Asia THE newbuilding scene remains quiet but the few orders that have been reported are for large and expensive vessels and reflect the current focus on post panamax container ships and LNG carriers.
EMMF enhances operations in Sukhna, Suez, Fos and Augusta Major supplier targets growing bunker demand in Sukhna and Suez and stabilises supply networks in Fos and Augusta.
Portland Bunkers on target for October start Change to design and routes of pipeline structure delay start of new bunker supply operation on English south coast.
Fujairah IFO falls further despite slight cargo gain
Shanghai exchange deemed initial success Re-launch of fuel oil exchange - nine years after its predecessor failed - opens new doors for international players.
Operational tightness in Singapore, market stable Local players in Singapore today reported tightness at loading terminals due to operational problems...Sources said there were unconfirmed reports of blending difficulties.
Crude rebounds on news of fall in stockpiles New York and London respond as US stockpiles of crude oil and gasoline expected to drop.
Taiwan: Supplier remains closed, deliveries suspended The offices of Taiwanese bunker supplier Chinese Petroleum Corp. (CPC) remained closed today as typhoon Aere continued to move through the country leaving traders unable to entertain new enquiries.
Malacca Strait is terror target admit militants INDONESIA'S intelligence chief says that detained Muslim militants have admitted they were considering attacks on shipping in the key Malacca Strait waterway.
Flood of fixtures puts Maersk Sealand in boxship spotlight MAERSK Sealand has set the containership charter market alight over the past couple of weeks with a slew of fixtures covering tonnage ranging in size from 2,500 teu right up to 8,400 teu nominal capacity.
Numast tonnage tax job plan ENTITLEMENT to UK tonnage tax should be linked to the employment ' and not just the training ' of UK seafarers, Numast has demanded.
NYK wins Nigerian LNG contract NIPPON Yusen Kaisha is celebrating the signing of an exclusive long-term Nigerian LNG tie-up.
Adsteam in subsidy speculation TOWAGE operator Adsteam Marine has declined to comment on a report that the company has written to Australian transport minister John Anderson urgently requesting the government to subsidise its Australian salvage operations by more than A$6M ($4.2M)
Tuticorin traders protest at ferry delay ALL commercial interests in Tuticorin, India, stayed closed today in protest against opposition to a proposed ferry service to the Sri Lankan capital, Colombo
Shamrock owners try to block sale THE owner and charterers of the ro-ro vessel Shamrock have filed an objection with the US District Court in Portland, Maine, to try and block the sale of the vessel
Garyounis finally leaves Malta FOUR and a half years after first occupying a berthing space at Malta Shipyards, the ex- Libyan ro-ro Garyounis finally left Malta on 23 August
SCI ship innocent of charges SHIPPING Corp of India claimed today that its general cargo ship State of Nagaland was not responsible for damaging a Sri Lankan undersea cable
Chile to develop LNG terminal ENAP, the state owned oil company of Chile, is planning to develop an LNG import facility by 2007 at a cost of $400-500M
Delays at Port of Montreal Rail, labor issues hamper Canadian gateway, where record import container traffic is delaying shipments to some U.S. customers.
Parent sale clouds Hapag IPO plans The planned public offering of Hapag Lloyd is in doubt after a German bank said it plans to sell its share in the container carrier's parent company.
No recession risk, says FedEx economist
Temasek sets close for NOL offer
N.C. Ports makes Eagar choice
Maersk Sealand, Safmarine restructure W. Africa services
Buenos Aires loses out in battle of the River Plate Montevideo has strengthened its position as a transhipment hub for Argentine box cargo causing growing concern in Buenos Aires.
Strong demand supercharges CSCL interim profits A 33.6% increase in volumes in the first half of 2004 saw Hong Kong-listed China Shipping Container Lines (CSCL) post a 290.3% increase in interim net profits to RMB1.52billion (US$184.42million).
Gathering momentum could restart charter market
Lloyd Triestino launches Black Sea/Med link
SITC orders vessels from Japanese yard
Gwangyang's new berths to be operational next month
Broström reports strong second quarter ' tonnage tax lifts result Swedish tanker specialist Broström reports a SEK 89.9 million (EUR 9.8 million) pre-tax profit for the second quarter, up ...
Growing optimism at Norwegian yards Norwegian yards secured orders worth NOK 3.8 billion (EUR 458.7 million) for 29 vessels during the first seven months of ...
Personnel on Norwegian navy vessel gets children with deformities Personnel serving on the Royal Norwegian Navy MTB "Kvikk" has later had children born with deformities, and 15 serving specialists ...
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