Reward for early ISPS compliance WIELDING both the carrot and the stick, the Maritime & Port Authority of Singapore said it will spend nearly $300,000 rewarding ships that have attained early ISPS Code certification, but warned of the consequences of not meeting the July 1 deadline.
R&D venture partner sues PSA, P&O Australia A major collaboration between two of the world's largest port operators and shareholders of a Singapore R&D company during the dotcom boom has collapsed and reached the courts.
Cosco sees bulk rates staying high COSCO Corp, the bulk carrier unit of China's biggest shipping company, said freight rates will be triple the past decade's average price for the next three years because China will buy more commodities like steel and soybeans.
Kuwait ports' arrival volumes rise 15% KUWAITI ports have posted a 15 per cent increase in the arrival cargo movements in the financial year 2003, according to a report by the Ports Public Authority .
Air and Land Transport
Emirates may not include 7E7s in expansion plans EMIRATES airline, which plans to double its fleet to 139 airliners by 2011, may decide against Boeing Co's planned 7E7 model in any additional orders because the aircraft may not be large enough.
Alitalia awaits govt move as strike grounds fleet
Delta Spain says Madrid attack effect short-lived
Berlin to be biggest base outside UK: easyJet
Two UK firms to pay millions to settle rail crash claims
Reward for early ISPS compliance WIELDING both the carrot and the stick, the Maritime & Port Authority of Singapore said it will spend nearly $300,000 rewarding ships that have attained early ISPS Code certification, but warned of the consequences of not meeting the July 1 deadline.
R&D venture partner sues PSA, P&O Australia A major collaboration between two of the world's largest port operators and shareholders of a Singapore R&D company during the dotcom boom has collapsed and reached the courts.
Cosco sees bulk rates staying high COSCO Corp, the bulk carrier unit of China's biggest shipping company, said freight rates will be triple the past decade's average price for the next three years because China will buy more commodities like steel and soybeans.
Kuwait ports' arrival volumes rise 15% KUWAITI ports have posted a 15 per cent increase in the arrival cargo movements in the financial year 2003, according to a report by the Ports Public Authority .
Air and Land Transport
Emirates may not include 7E7s in expansion plans EMIRATES airline, which plans to double its fleet to 139 airliners by 2011, may decide against Boeing Co's planned 7E7 model in any additional orders because the aircraft may not be large enough.
Alitalia awaits govt move as strike grounds fleet
Delta Spain says Madrid attack effect short-lived
Berlin to be biggest base outside UK: easyJet
Two UK firms to pay millions to settle rail crash claims
ARA demand buoyant as prices start sinking Busy pre-holiday trade in ARA as buyers find more attractive offers.
PRAXIS: Daily bunker market report
Reports: O.W. buys Hong Kong trading company O.W. Bunker Group's first expansion in Asia since opening Singapore office in 1992, giving toe-hold in rapidly growing Chinese market.
Stockpiling in event of supply squeeze about to stop? Many Hong Kong suppliers have been stockpiling in order to safeguard against avails shortfalls, but some reports suggest there is 'too much oil' about.
Platts director defends MOC methodology Pricing chief says change to MOC in Rotterdam last year had meant 'fewer phantom deals' were now factored into daily assessments.
Buyers on the fence as Singapore turns a tad softer IFO prices consolidated in a more narrow spread in largely flat market, MGO supported.
Singapore fuel oil stocks remain high, distillates plunge Fuel oil fundamentals continue to look bearish, while gas oil finds support in high demand and tight stocks.
Italian Customs Inventory foreseen to cause minimal delays Nominations not cleared by customs by close of business on Thursday will be held up for a day.
Europe's eastern promise SEVENTY-two million people become European Union citizens tomorrow in an eastward enlargement which takes the bloc towards its geographical limits.
Owners' doubts remain on port waste directive WHILE the Netherlands will fail to meet tomorrow's deadline for implementation of the European Commission's port waste reception directive, shipowners are considering their next move in the issue.
Holed bulker at risk of breaking up FEARS were growing last night that a holed bulk carrier is in danger of breaking up off the South African coast.
Spain eases Mangouras bail terms THE Spanish judge investigating the Prestige case has agreed to relax bail conditions on the ship's Greek master, Apostolos Mangouras, and allow him to report to police weekly instead of daily.
Holed ship told to keep its distance AMID signs that it is taking on more water, holed bulker Cape Africa is being held in position by salvage tug Smit Amandla at a point about 120 n-miles south west of Cape Town
Kværner subsidiary wins aid ruling THE European Court of Justice has confirmed that Aker Warnow Werft had fully complied with the restriction imposed on the company in the early 1990s
Maritrans hit by fleet renewal WITH one of its vessels undergoing double-hull conversion, Jones Act operator Maritrans saw profits drop to $1.8M, a fall of $1.4M on figures for the same period last year
GMR ahead of expectations GENERAL Maritime Corp beat analysts' expectations during its first quarter, posting $2.08 diluted earnings per share
OSG and Euronav buy four ULCCs OVERSEAS Shipholding Group, together with its Tankers International pool partner Euronav, will acquire four double-hull ULCCs of 442,000dwt
LUKoil to double Caspian capacity LUKoil, Russia's largest oil producer, says it expects to finalise plans for the expansion of its Caspian crude oil loading terminal at Astrakhan next month
Congestion hits Union Pacific net Revenues soar on improved economy, but first-quarter earnings decline at biggest U.S. railroad on legal judgment, system congestion.
Evergreen sees profits doubling Taiwan line expects net profit this year of more than $218 million, up from $99.9 million in 2003.
Long Beach hit by union protest after container explosion
Atlas exec to lead United Cargo
Panama Canal tonnage up in Q2
AAR sees 140K rail jobs added by 2014
A.P. Moller-Maersk boosts dividend
USSEC lines raise freight rates
Northwest hikes fuel charge for foreign shipments
OOIL starts joint service on Asia-Australia routes
China steel glut should ease box shortages Steel shortages and the consequent lack of containers are over, according to the latest reports from China's metal production industry, relieving the expected pressure on box supply.
USCG criticised for 'inconsistency' over facility security plans Frustrated terminal operators are accusing the US Coast Guard (USCG) of inconsistent assessments of security plans, with some facilities given 15 days' grace, while others get 20 or 30 days.
NEWS FLASH! - Explosion in Los Angeles
Indian feeder operators request reprieve from port-charges hike
Latest China/Aus service boosts trade capacity
Increase in freight rates set by IADA not enough to cover costs
Rhenus acquires share in coastal/river operator RMS
China Merchant Port added dedicated new berth for overseas containers
Polish terminal operators spar over market assumptions for cargo
Engine room fire aboard ro-ro Three crewmen are recovering in hospital after an explosion and fire on board the Gorthon-owned ro-ro vessel "Corner ...
55 vessels in the Swedish order book The Swedish newbuilding order book consists today of 55 confirmed orders; 44 tankers, four passenger vessels, four bulk carriers and ...
Consilium in Chinese joint-venture The Swedish marine equipment company Consilium AB has started a joint-venture with Chinese Highlander Co Ltd for manufacturing and ...
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