RCL Q2 earnings surge 83% on strong cargo volumes, rates RIDING the crest of booming intra-Asia trade, Regional Container Line posted an 83 per cent rise in second quarter net profit to 4.2 billion baht on the back of improved cargo volumes and higher freight rates.
P&O Nedlloyd, Maersk Sealand to merge in Feb P&O Nedlloyd and Maersk Sealand will officially become Maersk Line from February 2006, the point from which P&O's involvement in the container shipping industry's Grand Alliance will also cease.
New York port booms, but security costs erode gains ALTHOUGH the ports of New York and New Jersey have improved their productivity to handle a rising flow of imports, their increased security costs since 9/11 have eroded some of the gains, according to a study released on Monday.
DHL Danzas Air & Ocean sees 15% rise in Asia sales
Strait Talk
Will consolidation pay for huge new ships? AN article in the e-mail newsletter Bow Wave, which covers mainly maritime insurance issues with a particular emphasis on the liner trades, caught my eye recently.
RCL Q2 earnings surge 83% on strong cargo volumes, rates RIDING the crest of booming intra-Asia trade, Regional Container Line posted an 83 per cent rise in second quarter net profit to 4.2 billion baht on the back of improved cargo volumes and higher freight rates.
P&O Nedlloyd, Maersk Sealand to merge in Feb P&O Nedlloyd and Maersk Sealand will officially become Maersk Line from February 2006, the point from which P&O's involvement in the container shipping industry's Grand Alliance will also cease.
New York port booms, but security costs erode gains ALTHOUGH the ports of New York and New Jersey have improved their productivity to handle a rising flow of imports, their increased security costs since 9/11 have eroded some of the gains, according to a study released on Monday.
DHL Danzas Air & Ocean sees 15% rise in Asia sales
Strait Talk
Will consolidation pay for huge new ships? AN article in the e-mail newsletter Bow Wave, which covers mainly maritime insurance issues with a particular emphasis on the liner trades, caught my eye recently.
Energy giants eye up Rotterdam for new LNG import terminals PETROPLUS has announced plans to develop a liquefied natural gas import terminal in Rotterdam, on the same day that Vopak and Gasunie said they too were carrying out a feasibility study for an LNG terminal in the world's biggest port.
Joint War Committee stands by Strait ruling A London marine insurers' body, the Joint War Committee, has refused to back down on its listing of the Malacca Strait as an area at risk from terrorism and related perils.
Insurers join forces to sue brokers over Shell Floater LEADING insurance brokers Sedgwick, Sedgwick Energy and Marine, Marsh and a Lloyd's syndicate are facing a '3.2m ($5.8m) claim in a row over reinsurance.
NSC orders newbuilds from 3. Maj CROATIAN shipyard 3. Maj has announced it is to build three ships for German company NSC in a $162m deal.
Aleman elected ALBERTO Aleman was unanimously chosen by the board of the Panama Canal Authority to serve a second seven-year period as administrator. The move ended a period of speculation that he might have faced a serious challenge for the post.
Malacca stays on war zone list INDUSTRY representations have failed to convince the Lloyd's Market Association Joint War Committee to remove the Malacca Strait from its 'war zone' risk listing, according to statements today from the International Chamber of Shipping (ICS), Intertanko and the JWC
US drought closes Ohio River HUNDREDS of barges are now stuck on the US Ohio River because low water levels have forced the Coast Guard to close the commercial waterway
German feeders join forces CONTAINER feeder lines operating out of Bremerhaven and Hamburg have followed the deepsea carriers' model and agreed to share their slot capacity
California considers box tax CALIFORNIA legislators seeking to fund anti-pollution and road improvement projects are eyeing new taxes on container throughput
Eagle Bulk hit by exceptional loss EAGLE Bulk Shipping reported a large loss during its first reporting period as a public company, but revenues were strong and the hit was due to non-recurring items
ATI posts 50% net rise ASIAN Terminals (ATI), the Manila-based port operator, saw net profit growth of 50% for the first half of this year to PhP258.7M ($4.70M)
Grand Alliance upping capacity by 14% Four carriers will deploy a total of 640,000 TEUs across 112 ships in East-West trade lanes as new ships come online next year.
California container fee slammed as 'unconstitutional' A California bill seeking to levy a US$60/FEU tax on Los Angeles (POLA) and Long Beach (POLB) terminal operators is unfair and unconstitutional, the Pacific Merchant-Shipping Association (PMSA) have claimed.
EU halts excess Chinese trouser imports
Rotterdam Scholten affair report due by end of the year
Tacoma investigation continuing
Ukraine-Danube Shipping Co starts third Black Sea service
Maersk sells three gastankers to India A.P. Møller-Mærsk has sold the last three gas carriers in its 35,000 cbm class. The buyer is Indian Varun ...
Record performance by Dr Peters The shipping investor Dr Peters in Dortmund and Hamburg paid EUR 87.6 million to 40,000 fund shareholders last year, and ...
Germany wants international alcohol restrictions at sea Germany will put a proposal to IMO to adopt an alcohol limit at sea. A proposal will be submitted to ...
Study warns of low sulphur diesel availability shortfall US West Coast study warns that low sulphur distillate fuel only available on a case-by-case basis in key ports as regulators' plans to cap emissions levels gain pace.
Texas gives green light to emissions-reducing marine additive US-based additives producer Biofriendly Corporation announces official approval of its marine diesel fuel enhancer.
K Line ups forecast despite bunker costs Japanese shipowner raises profit forecast and expects bunker prices to ease.
KIC predicts 600% revenue growth after signing ceremony Malaysia's KIC secures Westport bunkering facility and boosts trade finance facility for its expanding fuel oil buying activities.
Russia: Commission to consider abolishing export duty A Russian government commission is reportedly planning to consider abolishing fuel oil export duty this week.
Forecasters warn of record-breaking Atlantic hurricane season Record-breaking storm season heralds further threats to US oil supply.
Petrolimex secures double-hull tanker for fuel oil imports IMO fuel oil transport ban prompts company to buy new tanker.
Indonesia triples fuel oil imports in September Indonesian state oil company Pertamina has bought 1.65 million barrels of high sulphur fuel oil for September.
Rotterdam market stable at noon
South Korea: Poor bunker demand as prices stay firm The South Korean ports of Busan/Ulsan were hit by poor bunker demand as prices stayed firm on high crude oil prices.
Bunker costs cut profits for bulk owner Bunkers blamed for falling profits.
Port Klang operations unaffected by haze Operations in Port Klang not delayed despite closure during haze, says official.
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