Surprise twist to THC drama THE ongoing drama pitting shippers against carriers over terminal handling charges took yet another turn yesterday with the Transpacific Stabilisation Agreement saying it had wrapped up 'cordial, successful talks' with five shippers' councils.
Pirate attacks continue to plague region A spike in the number of violent pirate attacks in waters neighbouring Singapore was reported last week, amid concerns the littoral states alone cannot keep the key shipping lanes they share safe.
Senator steams back into black with US$40m profit EUROPEAN shipping group Senator Lines has turned around its bottom line, posting a US$40 million profit in 2003 after a major restructure that saw it withdraw all US services, and cut staff.
Mindanao container terminal set to open MINDANAO'S first modern container terminal is scheduled to open in May in the town of Tagoloan in Misamis Oriental province.
TANKER RATES LONDON Persian Gulf oil tanker rates dropped for a third day to a five-week low as refinery maintenance in Asia and holidays in Japan, China over the coming days reduced demand for ships.
Air and Land Transport
Emirates' profit soars 74% to record US$429m EMIRATES, Airbus's largest customer for the A380, said fiscal 2004 profit rose 74 per cent to a record after the airline carried more passengers from Europe and the Middle East through its Dubai hub to Australia and Asia.
China to open Shanghai to all domestic carriers
Canada steps up anti-Sars measures
AirAsia to begin flights between Macau and Bangkok in June
Rolls-Royce evaluating Japan firms for 7E7 engine deal
United hopes to become first US airline to fly to Vietnam in 30 yrs
Surprise twist to THC drama THE ongoing drama pitting shippers against carriers over terminal handling charges took yet another turn yesterday with the Transpacific Stabilisation Agreement saying it had wrapped up 'cordial, successful talks' with five shippers' councils.
Pirate attacks continue to plague region A spike in the number of violent pirate attacks in waters neighbouring Singapore was reported last week, amid concerns the littoral states alone cannot keep the key shipping lanes they share safe.
Senator steams back into black with US$40m profit EUROPEAN shipping group Senator Lines has turned around its bottom line, posting a US$40 million profit in 2003 after a major restructure that saw it withdraw all US services, and cut staff.
Mindanao container terminal set to open MINDANAO'S first modern container terminal is scheduled to open in May in the town of Tagoloan in Misamis Oriental province.
TANKER RATES LONDON Persian Gulf oil tanker rates dropped for a third day to a five-week low as refinery maintenance in Asia and holidays in Japan, China over the coming days reduced demand for ships.
Air and Land Transport
Emirates' profit soars 74% to record US$429m EMIRATES, Airbus's largest customer for the A380, said fiscal 2004 profit rose 74 per cent to a record after the airline carried more passengers from Europe and the Middle East through its Dubai hub to Australia and Asia.
China to open Shanghai to all domestic carriers
Canada steps up anti-Sars measures
AirAsia to begin flights between Macau and Bangkok in June
Rolls-Royce evaluating Japan firms for 7E7 engine deal
United hopes to become first US airline to fly to Vietnam in 30 yrs
Oil regains losses after disappointing US gasoline build Slow growth in US gasoline stocks supportive even as commercial crude inventories continue rising.
Black Sea: New player to start supply within days New supplier to offer ex-pipe deliveries with a view to include barge deliveries and expand port coverage soon.
Greek company welcomes new trader
Weekly US oil data at a glance
Lack of product still plagues Fujairah Earliest supply dates in Fujairah were being pushed further backwards today, with already tight avails suffering from exports to other regions and tightening security at cargo sources
World Fuel Services reports solid Q1 result Q1 profits up 13.2% from last year, Tramp Oil deal not included in result.
Singapore cargo and bunker gains lagging crude Gains were said to be limited in the cargo sector by limited Chinese buying interest and in the bunker market by thin demand.
New Saudi posted prices competitive
South Korea sees slight price movement
DNVPS confirms contaminants found in two Persian Gulf ports DNV Petroleum Services confirmed that chlorinated contaminants and naphthalene were discovered in bunkers supplied in Fujairah and Muscat during the second half of March and the first half of April.
Bulker boarded in GM demo GREENPEACE activists boarded a bulker in the Spanish port of M'laga yesterday as part of a global campaign against genetically engineered food, writes Brian Reyes.
Maersk doubles VLCC fleet with Dalian order MAERSK Tankers is planning to double the size of its very large crude carrier fleet with a seven-ship $500m order placed in China.
Unprecedented demand hits European shortsea box services EUROPEAN feeder lines are ringing alarm bells about the virtual impossibility of finding sufficient tonnage as cargo growth continues to outpace trade projections and yet more new shortsea services are launched or reconfigured, writes Janet Porter.
Guarded optimism after dry bulk rates hit by 'correction' THE fall in dry bulk rates is a correction to an overvalued market rather than the start of a concerted slide, according to market sources, writes Neville Smith.
IACS chairman hopes for Panama progress DESCRIBING the recent war of words with Panama as a 'misunderstanding', International Association of Classification Societies council chairman and Rina chief executive Ugo Salerno said he was hopeful of progress with the register on an IACS initiative to help blacklisted flag states.
Cruise anger after Barcelona ban A BARCELONA cruise agent has today called on lawyers to investigate why the Spanish government yesterday denied entry of Norwegian Cruise Line's Norwegian Dream into the port of Barcelona after it had sailed from Gibraltar
Soya ship boarded by Greenpeace ENVIRONMENT group Greenpeace is continuing its action on board the bulk carrier Winner, which is anchored outside the Spanish port of Malaga with a cargo of soya
Scots to get vital improvements WORK has just started on a £5.9M ($10.5M) scheme to upgrade the economically important ferry terminal at Dunoon, on Scotland's west coast
Honduran cocaine ships intercepted TWO Honduran ships carrying cocaine from Panama have been intercepted in the past two days, according to maritime officials
Engine room fire aboard ro-ro THREE crewmen are recovering this morning after an explosion and fire aboard the Bermuda-flagged Corner Brook late yesterday in Port Canaveral, Florida
Sea marshals to become permanent THE Philippines plans to permanently deploy 12-16 sea marshals on every domestic ferry in a bid to strengthen security at ports and in domestic waters
Shippers and brokers oppose penalty provision in US maritime Act The penalty provision of the Maritime Transportation Security Act 2004 has received strong criticism from shippers and the National Customs Brokers' and Forwarders' Association of America (NCBFAA).
Bull charter market charges through historic highs
Trenitalia takes 50% stake in Contship Italia's Hannibal rail link
Industry plays down predicted boost to backhaul rates
Optimistic Hanjin achieves record Q1 profit
US Coast Guard urges shipowners to get ISSC in advance
2003 a profitable year for Stena Line Stena Line's "brake and accelerate" strategy, including investments of more than SEK four billion (EUR 440 million) and layoffs of ...
Higher quotes for war risk cover Higher quotes for war risk cover are circulated in London for vessels calling at Basra and Umm Qasr. The quotes ...
SeaWind Line to charter new Lillbacka ro-ro vessel Lillbacka's ro-ro vessel "Global Freighter", recently acquired from Stena, has been chartered by SeaWind Line for the summer season ...
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