Analysts cast doubts on lines' rosy rate outlook THE upbeat freight rate outlook of Neptune Orient Lines and other major container shipping groups has been questioned by some analysts, who have predicted a severe slowdown in growth ahead.
MISC chalks up 71% rise in net profit HOT on the heels of Neptune Orient Lines' announcement of record profits on Tuesday, the Malaysia International Shipping Corp posted a 71.3 per cent rise in net profit for the first three quarters, in part thanks to its American Eagle Tankers division.
Hanjin Heavy's profit up HANJIN Heavy Industries & Construction Co said net income rose 3.5 per cent last year to 24.8 billion won .
Air and Land Transport
Commercial aircraft market already in upswing: Airbus THE commercial aircraft market is recovering, European plane maker Airbus SAS said on Wednesday, giving an upbeat outlook for an industry that has suffered the shocks of economic slowdown, Sept 11, the Iraq war and Sars.
China Airlines seen nearly doubling profit in '04
Asia air traffic down 10% last year
Thai Airways to spend US$186m on major revamp
AirAsia, CAE sign training deal
Japan Airlines' cracked engines repaired previously
Admiralty Casebook
Consignee can compel carrier to arbitrate claim for delivery delays A US appeals court has allowed the consignee of a cargo of gasoil to compel the carrier to arbitrate its claim for delays in the delivery of the cargo, even though the consignee was not a signatory to the charterparty that contained the arbitration clause.
Analysts cast doubts on lines' rosy rate outlook THE upbeat freight rate outlook of Neptune Orient Lines and other major container shipping groups has been questioned by some analysts, who have predicted a severe slowdown in growth ahead.
MISC chalks up 71% rise in net profit HOT on the heels of Neptune Orient Lines' announcement of record profits on Tuesday, the Malaysia International Shipping Corp posted a 71.3 per cent rise in net profit for the first three quarters, in part thanks to its American Eagle Tankers division.
Hanjin Heavy's profit up HANJIN Heavy Industries & Construction Co said net income rose 3.5 per cent last year to 24.8 billion won .
Air and Land Transport
Commercial aircraft market already in upswing: Airbus THE commercial aircraft market is recovering, European plane maker Airbus SAS said on Wednesday, giving an upbeat outlook for an industry that has suffered the shocks of economic slowdown, Sept 11, the Iraq war and Sars.
China Airlines seen nearly doubling profit in '04
Asia air traffic down 10% last year
Thai Airways to spend US$186m on major revamp
AirAsia, CAE sign training deal
Japan Airlines' cracked engines repaired previously
Admiralty Casebook
Consignee can compel carrier to arbitrate claim for delivery delays A US appeals court has allowed the consignee of a cargo of gasoil to compel the carrier to arbitrate its claim for delays in the delivery of the cargo, even though the consignee was not a signatory to the charterparty that contained the arbitration clause.
Analysts cast doubts on lines' rosy rate outlook THE upbeat freight rate outlook of Neptune Orient Lines and other major container shipping groups has been questioned by some analysts, who have predicted a severe slowdown in growth ahead.
MISC chalks up 71% rise in net profit HOT on the heels of Neptune Orient Lines' announcement of record profits on Tuesday, the Malaysia International Shipping Corp posted a 71.3 per cent rise in net profit for the first three quarters, in part thanks to its American Eagle Tankers division.
Hanjin Heavy's profit up HANJIN Heavy Industries & Construction Co said net income rose 3.5 per cent last year to 24.8 billion won .
Air and Land Transport
Commercial aircraft market already in upswing: Airbus THE commercial aircraft market is recovering, European plane maker Airbus SAS said on Wednesday, giving an upbeat outlook for an industry that has suffered the shocks of economic slowdown, Sept 11, the Iraq war and Sars.
China Airlines seen nearly doubling profit in '04
Asia air traffic down 10% last year
Thai Airways to spend US$186m on major revamp
AirAsia, CAE sign training deal
Japan Airlines' cracked engines repaired previously
Admiralty Casebook
Consignee can compel carrier to arbitrate claim for delivery delays A US appeals court has allowed the consignee of a cargo of gasoil to compel the carrier to arbitrate its claim for delays in the delivery of the cargo, even though the consignee was not a signatory to the charterparty that contained the arbitration clause.
Columbian supplier close to signing 'significant venture' Petrocomercial, the bunkering arm of Columbian shipping group Coremar, has confirmed that it is close to signing a joint venture with an international bunker fuel supplier.
Wide price range puzzles Singapore bunker market The Singapore bunker market has been prone to large intra-day price movements just about every day this week, with big spreads between the lowest and highest fixing levels for IFO380. Suppliers described the market as confused, but there is a certain pattern here.
Demand lack-lustre in firm ARA markets
Bonded still rules over domestic Japanese bunkers
Weak fundamentals prevent gains in Singapore fuel oil market Despite the surge in crude last night, gains in the Singapore fuel oil cargo market today were lacklustre. The failure of fuel oil values to react to bullish crude was attributed to weak fundamentals, with supply increasing and more fuel oil headed for the region.
Italy feels the pressure of overnight crude surge
USCG reopen one lane on Mississippi Backlog could take days to clear as oil supplies are given priority.
$250m refinery upgrades secure Sydney and Brisbane supplies Oil major Caltex has committed $250 million over the next two years to upgrade two refineries in Brisbane and Sydney, in a move that should preserve marine fuel supply operations in the two ports.
Diamond is forever on naming day THE first cruiseship to be built by Mitsubishi Heavy Industries for more than a decade was delivered yesterday in Nagasaki.
Brussels cries foul over safety fiasco BRUSSELS has handed a yellow card to almost every country in the European Union for a mass failure to meet the deadline set under the key ship reporting and monitoring directive.
Møller group brings vessel orders from China past 50 mark DANISH group AP Møller-Maersk is strengthening its already close ties with China through yet another shipbuilding order.
Hyundai and Transas in bridge link WORLD leading shipbuilder Hyundai Heavy Industries has made good on ambitions to mount a head-on assault on the integrated bridge market through a new co-operation agreement with the systems integrator Transas.
Europe and US seal Galileo satellite navigation system BRUSSELS yesterday hailed the creation of a world standard for radio navigation after concluding negotiations with the US over Galileo, the European satellite navigation system, writes Justin Stares in Brussels .
Royal Caribbean drops Haiti ROYAL Caribbean Cruises, which operates a private property in Labadee, Haiti, will announce an "indefinite suspension" of calls there later today, a spokesperson for the line confirmed
Viking slashes alcohol price VIKING Line has responded to a sharp reduction in Finnish excise duty on alcohol from 1 March by cutting the price of liquor sold on its ships..... Full story
Expiry of time charters lift Jinhui HONG Kong-based dry bulk shipping group Jinhui is looking forward to the expiry of contracts of affreightment so it can benefit from the booming freight rates.... Full story
Australian wheat dispute escalates INSPECTORS sent to Pakistan by the Australian Wheat Board have denied looking again at wheat shipments rejected by Pakistan.... Full story
Mixed results for BAE Systems THE UK's largest defence contractor and shipbuilder, BAE Systems, has posted results at the top end of analysts' forecasts.... Full story
PLA gears up for massive investment MORE than '1.3Bn ($2.4Bn) is being invested in Port of London terminals in the next 10 years, and the PLA believes there is a 'powerful case' for Shellhaven plans.... Full story
Update: One-way traffic on Mississippi Two-way vessel traffic won't resume until damaged supply ship is removed.
Trans-Atlantic carriers affirm rate hikes Carriers will go forward with plans to implement rate increases in the westbound Europe-to-North America trade lane.
CSXWT slashes rates in bid to secure HK customer A panicked CSX World Terminals, Hong Kong (CSXWTHK), which will lose its entire customer base by the end of the year, is offering massive rate reductions, said a local source.
OOCL considers Continent+Feeder concept, over Southampton OOCL has confirmed it is studying transferring 'a serious part' of its English container business from Southampton to the Continent, just as other Grand Alliance (GA) sources confirm similar considerations.
Negotiations resume in CN strike Amid reports of deteriorating service, Canadian National Railway (CN) and the union representing 5,000 striking workers finally agreed to resume negotiations in the presence of federal mediators.
Trans-Atlantic trade rides the rate-rise swells
Mississippi re-opened; now operators must mend 'hole in string'
Fremantle haulier dispute resolved : no booking, no box
Conliner soon shuttling to Italy and Austria
Gwangyang targets Chinese liners, signs China Shipping
EUROSIB transport turnover up 36.6%, while box-transport rises 38.8%
Aker Kvaerner split-up on next AGM i March A split-up of Aker Kvaerner into at least three quoted companies is likely to be approved on the Annual ...
British cargo vessel just avoided foundering British-owned, Isle of Man registered, dry cargo vessel "Dallington" of 12,140 DWT, by a miracle avoided foundering off Mongstad ...
Master of "Joanna" confessed to negligence The Master of the Polish owned coaster "Joanna" has confessed to negligence in connection with the collision with "Stena Nautica ...
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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