NOL steams ahead with 13% jump in Q3 profit SURGING transpacific cargo volumes, tight capacity and healthy freight rates have combined to lift Neptune Orient Lines third-quarter net profit to US$234 million, a 13 per cent rise over the same period last year.
Box inspection target would worsen US congestion: APL PROPOSALS by US lawmakers for inspections of 10 per cent of the nine million inbound containers at US ports would be costly and further worsen delays already plaguing West Coast ports, according to a senior APL security executive.
Star shares soar as cruising picks up SHARES of Hong Kong-listed Star Cruises have seen some heightened activity lately signalling partly the reviving fortunes of the cruise business in Asia which was hit badly by the Sars outbreaks.
Fuel surcharge imposed
Maersk plan to shift HQ angers US union
World's largest crane for UAE
Admiralty Casebook
HK court rules barge a ship CAN a barge used to transport cargo be considered a ship and be arrested in an admiralty action? Yes, said the Hong Kong High Court last month, as long as the barge displays the key characteristics of a ship and is used for navigation.
NOL steams ahead with 13% jump in Q3 profit SURGING transpacific cargo volumes, tight capacity and healthy freight rates have combined to lift Neptune Orient Lines third-quarter net profit to US$234 million, a 13 per cent rise over the same period last year.
Box inspection target would worsen US congestion: APL PROPOSALS by US lawmakers for inspections of 10 per cent of the nine million inbound containers at US ports would be costly and further worsen delays already plaguing West Coast ports, according to a senior APL security executive.
Star shares soar as cruising picks up SHARES of Hong Kong-listed Star Cruises have seen some heightened activity lately signalling partly the reviving fortunes of the cruise business in Asia which was hit badly by the Sars outbreaks.
Fuel surcharge imposed
Maersk plan to shift HQ angers US union
World's largest crane for UAE
Admiralty Casebook
HK court rules barge a ship CAN a barge used to transport cargo be considered a ship and be arrested in an admiralty action? Yes, said the Hong Kong High Court last month, as long as the barge displays the key characteristics of a ship and is used for navigation.
Royal Dutch/Shell proposes unification After nearly a century as separate holding companies, the oil major proposes to end 40:60 and unify boards.
Fall in Singapore's onshore residual stocks 'misleading'
Regional cargo moves push Italian gas oil sharply lower
Singapore fuel oil values fall from record highs Traders hope lower prices will spur bunker demand.
High numbers depress Tokyo enquiry levels Slow price movements have left fuel oil unattractive to buyers, while distillates prices are competitive.
Rotterdam barge market a tad firmer at noon
Canada proposes ultra-low sulphur limits on marine diesel
Europe - US arb closes on high freight and blending costs Surging freight rates and high blending costs close the Europe to US arb despite a wide price differential between European and US markets.
Crude oil prices continue to plunge US light crude on the New York Mercantile Exchange (Nymex) continues losses in after-hours trading after yesterday's huge price plunge.
China interest rate shock Nippon Steel Corp managing director and chief financial officer Nobuyoshi Fujiwara revealed yesterday that Japan's biggest steelmaker has raised its full-year profit forecast 12% as huge demand from China helps the company boost prices to vehicle makers and other customers.
Golar and Exmar tilt at short-term LNG market A long-awaited tie-up between Exmar and Golar LNG has arrived with a joint venture to combine part of their open liquefied natural gas shipping capacity.
Aegon poised to withdraw from container leasing business Dutch financial services giant Aegon is negotiating the sale of one of the world's largest maritime container leasing businesses, with assets of more than $1bn, writes Tony Gray .
Ship agents launch global alliance SIX leading regional ship agency firms are setting up a new company able to handle the global accounts of tanker, bulker, container, cruise and naval fleets.
Lines seek rate rise on depressed Atlantic A LEADING group of transatlantic container lines will try to restore freight rates on the very depressed eastbound leg with four price rises planned for next year, writes Janet Porter.
Star Cruises slaps fuel surcharge ASIAN cruise operator Star Cruises has introduced a fuel surcharge for cruises in the Asia-Pacific following the rise in global oil prices
Agencies to challenge top three SEVEN regional shipping agencies have formed a new venture, S5 Agency World, in a move aimed at staving off the growing domination by the three existing global agencies
ZIM shows interest in Black Sea ISRAEL-based operator ZIM says it is interested in starting new container routes in the Black Sea and considers Constantza the most adequate regional port for box transport
Japan pulls Philippines funding JAPAN is to withdraw a considerable amount of money it had intended to finance a Philippines domestic fleet renewal programme
Weather disrupts Irish Sea ferries A NUMBER of Irish Sea and English Channel ferry services were cancelled or delayed and a Stena ferry suffered damage yesterday in severe weather conditions
Industry facing capacity challenges Capacity limitations both at sea and shoreside are one of the biggest problems facing breakbulk shippers and carriers.
Koper looks at local growth rather than regional domination Slovenian port operator Luka Koper has vowed to put its ill-fated Italian venture aside and concentrate on building container traffic through the Port of Koper.
Soaring fuel costs trigger Russian rate rises Fesco announced that an increase of US$172 to US$206/TEU will be imposed as a southbound emergency fuel adjustment factor for the North American to Australia/New Zealand routes, from December 15.
Higher demand and new capacity sees NOL profits spiral
Canadian railways report strong Q3 intermodal growth
New agency JV says it will offer local knowledge globally
Northport hauliers continue electronic data input duty
Rail Cargo Austria looks for Euro partners
Congestion buster: Canada's Prince Rupert ready to serve Midwest
Tallink orders third cruise ferry Tallink Grupp has ordered a 48,300-GT cruise ferry from Aker Finnyards. The vessel will be delivered during spring 2006 ...
Swedish submarine on time charter to the US Navy The Swedish Government has approved a time charter arrangement for a Swedish "Gotland"-class submarine to the US Navy. The ...
Chemcarrier hits submarine The Norwegian chemical oil carrier "Kilstraum" of 4,700 DWT was hit by a the Norwegian submarine "Utstein" west of Scotland ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
