Mitsui OSK, Kawasaki Kisen double Q3 profit MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping lines, said profit doubled in the third quarter as demand for exports from China pushed up freight rates.
Pirates attack tanker in S'pore Strait TEN masked pirates armed with guns and long knives boarded a chemical tanker underway in the Singapore Strait last Wednesday.
Carnival Cruise Lines sees record numbers this year CARNIVAL Cruise Lines, the largest brand under Carnival Corp, on Monday said it will carry a record number of passengers on an unprecedented number of cruises in 2005, fuelled by growing demand for cruise travel.
Admiralty Casebook
Philippines deemed more suitable for trial A FILIPINO marine engineer, who joined a Hong Kong-flagged vessel in Singapore and later transited Singapore on his way home for treatment after a shipboard accident, has lost an appeal to have his injury compensation trial in Singapore.
Port Shots
Port Shots A helicopter hired by the Shanghai port authority crashed into a Singaporean cargo ship in the Yangtze River yesterday, killing at least one passenger, the government said.
Mitsui OSK, Kawasaki Kisen double Q3 profit MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping lines, said profit doubled in the third quarter as demand for exports from China pushed up freight rates.
Pirates attack tanker in S'pore Strait TEN masked pirates armed with guns and long knives boarded a chemical tanker underway in the Singapore Strait last Wednesday.
Carnival Cruise Lines sees record numbers this year CARNIVAL Cruise Lines, the largest brand under Carnival Corp, on Monday said it will carry a record number of passengers on an unprecedented number of cruises in 2005, fuelled by growing demand for cruise travel.
Admiralty Casebook
Philippines deemed more suitable for trial A FILIPINO marine engineer, who joined a Hong Kong-flagged vessel in Singapore and later transited Singapore on his way home for treatment after a shipboard accident, has lost an appeal to have his injury compensation trial in Singapore.
Port Shots
Port Shots A helicopter hired by the Shanghai port authority crashed into a Singaporean cargo ship in the Yangtze River yesterday, killing at least one passenger, the government said.
Mitsui OSK, Kawasaki Kisen double Q3 profit MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second and third-largest shipping lines, said profit doubled in the third quarter as demand for exports from China pushed up freight rates.
Pirates attack tanker in S'pore Strait TEN masked pirates armed with guns and long knives boarded a chemical tanker underway in the Singapore Strait last Wednesday.
Carnival Cruise Lines sees record numbers this year CARNIVAL Cruise Lines, the largest brand under Carnival Corp, on Monday said it will carry a record number of passengers on an unprecedented number of cruises in 2005, fuelled by growing demand for cruise travel.
Admiralty Casebook
Philippines deemed more suitable for trial A FILIPINO marine engineer, who joined a Hong Kong-flagged vessel in Singapore and later transited Singapore on his way home for treatment after a shipboard accident, has lost an appeal to have his injury compensation trial in Singapore.
Port Shots
Port Shots A helicopter hired by the Shanghai port authority crashed into a Singaporean cargo ship in the Yangtze River yesterday, killing at least one passenger, the government said.
Panama: Demand almost doubles in undervalued market Aggressive selling leaves Panama under-valued as demand almost doubles
IEA: Oil stocks will keep falling Report from International Energy Agency counters OPEC producers' fears of a potential surplus in crude supplies.
Argentina: Another energy crisis to impact bunkers? With the South American winter approaching, analysts have predicted another energy crisis looming in Argentina - with costly side effects for the country's bunker market.
Thailand: Oil land bridge deal nearing agreement Thailand's state oil company PTT, has said it expects to sign initial agreements for its planned oil land bridge project in April with strategic partners from South Korea and China.
France: Pollution cases brings criticism Shipowners embroiled in marine pollution cases in France have criticised the prosecution methods currently employed in such cases in the country.
MOL doubles profits, issues warning over bunker prices New ships and stability in containership and bulker sectors bring buoyant results.
Meyer Werft's first boxship provokes cash row WITH the 1,600 teu Eilbek(above), cruiseship specialist Meyer Werft has delivered its first boxship newbuilding, writes Katrin Berkenkopf in Cologne.
CP Ships sees brighter year as results recover AFTER its annus horribilisof 2004 because of an accounting blunder, CP Ships is anticipating a much better 2005 as the container trades continue to strengthen.
Accounts reveal Halliwell's bumper payout FRANK Halliwell, who resigned as chief executive of CP Ships late last year, received a bumper pay-off, writes Janet Porter.
MPs demand jobs link with British tonnage tax regime A REPORT from a cross-party committee of Members of Parliament published yesterday has backed union calls for tonnage tax to be linked to the employment of British junior officers.
'Blank cheque' firm ISE set to win Navios Angeliki Frangou's newly listed International Shipping Enterprises looks set to win the auction of Navios, the sophisticated dry bulk shipping group.
Brokers defect to join Trafalgar FAIRPLAY understands that five sale and purchase brokers are leaving London-based Simpson Spence & Young to set up a new broker under the timely name of Trafalgar
Third LNG facility for Baja A MEXICAN-European consortium has asked permission to construct a floating LNG terminal off Rosarito Beach near Tijuana, the third proposed Baja California LNG facility
Le Havre complex delayed STEVEDORES involved in Le Havre's Port 2000 development have threatened to freeze their $386M investment until the gantry crane drivers contract issue is resolved
India develops new maritime policy THE new maritime policy of India includes measures to facilitate private investment, improve service quality and promote competitiveness
ABP-Union talks breakdown NEGOTIATIONS between Associated British Ports and the Transport and Workers General Union have broken down, according to the union
Braemar Seascope buys Seawise THE acquisition of Australian shipbroker Seawise by UK-based Braemar Seascope will be completed by the end of the month
CP Ships keeps its powder dry in readiness for cyclical downturn CP Ships chairman Ray Miles has said the company will 'reserve some firepower' in order to make acquisitions over the next couple of years as industry enters its cyclical downturn.
BNSF to operate LA intermodal yard
Expect no surprises from CP Ships Q4 results
NYK operating income up 76.2%
New Franco-German accord on the railways
MOL trades up to better fiscal-year forecasts
Shippers NVOCC appeal rejected by FMC
Cost controls gave K Line results a lift, says company
Freightliner introduces further Felixstowe-North of England rail service
CMB Daisy up for sale But Belgian shipowner denies capesize Mineral Shanghai also on the sales block.
Angeliki Frangou in the lead International Shipping Enterprises in exclusive talks to acquire Navios Maritime.
Plain sailing for Bluewater Bjorn Hildan rakes in increased premium and profit at growing Norwegian hull insurance company.
CP Ships shows stronger 4Q Miles notes record operating income tied to freight rates, firm volume.
Glass half full OSG's Arntzen shrugs off negative view from Moody's, confirms OSG looking at sale-leasebacks in most tonnage sectors.
Excel takes Nomikos bulker US-listed owner says $28,250-per-day charter will cover half of purchase price.
Braemar buys Seawise Shipbroker splashes out $8.6m to add Australian dry cargo specialist to its portfolio.
Turkish route resurrected Ro-paxes to run again between Istanbul and Izmir after five-year lay-off.
Naikai shooting for target Revenues up at Japanese yard in first nine months, but profit has some way to go before reaching full-year forecast.
Finnlines survives tougher year Finnish ro-ro operator endured lower revenues and operating profit in 2004, but bottom line boosted by drop in financial costs.
Ferry order for HSD/Stavangerske Poland's Remontowa bags $13m contract for 300-passenger double-ender.
Daiichi surges ahead More sparkling results for Japanese bulk and tanker owner, as company pursues $60m profit for the full year.
Kyoei inches up VLCC operator posts tiny profit for latest quarter, though asset sales augur well for full-year.
MOL makes a packet Japanese shipping giant doubles profit in first nine months, as tankers, bulkers and boxships all perform.
K Line sets sights higher Full-year profit forecast increased by Japanese owner after strong nine-month performance.
Aratere arrested New Zealand's Interisland Line ro-ro in trouble again after row over rudder fault.
Toei strays off course Profit fall for Japanese reefer operator despite confident full-year projections.
ITF campaign to stop port directive New attempts by the European Commission to introduce the port services directive may lead to port strikes, as the International ...
Unions distort competition After pressure from German and Finnish trade unions, Estonian Shipping Company (ESCO) was forced to double its shipboard employees' salaries ...
Containerships fixed on long term charters The current container carrier charter market show tha container operators and containership owners have confidence in the market for the ...
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