Singamas doubles 2004 profit on China demand SINGAMAS Container Holdings Ltd, the world's second-largest manufacturer of shipping containers, said profit nearly doubled last year on the back of global container shipping demand fuelled by China's surging export market.
Lua Cheng Eng back at helm of SembCorp Marine SEMBCORP Marine has announced the return of Lua Cheng Eng, with his appointment as non-executive chairman and director on the SembMarine board, effective yesterday.
China Merchants posts 40% rise in 2004 profit CHINA Merchants Holdings reported a 40 per cent rise in 2004 net profit yesterday, driven by higher contributions from a container-making unit and growth in its port business amid a global trade boom.
Mediterranean Sea oil tanker rates surge
Royalty in trouble
Strait Talk
Hey, so do Asian shippers want it or not? NOW and again, somebody says something that initially seems trivial but, on second reading, is actually quite profound.
Singamas doubles 2004 profit on China demand SINGAMAS Container Holdings Ltd, the world's second-largest manufacturer of shipping containers, said profit nearly doubled last year on the back of global container shipping demand fuelled by China's surging export market.
Lua Cheng Eng back at helm of SembCorp Marine SEMBCORP Marine has announced the return of Lua Cheng Eng, with his appointment as non-executive chairman and director on the SembMarine board, effective yesterday.
China Merchants posts 40% rise in 2004 profit CHINA Merchants Holdings reported a 40 per cent rise in 2004 net profit yesterday, driven by higher contributions from a container-making unit and growth in its port business amid a global trade boom.
Mediterranean Sea oil tanker rates surge
Royalty in trouble
Strait Talk
Hey, so do Asian shippers want it or not? NOW and again, somebody says something that initially seems trivial but, on second reading, is actually quite profound.
KPI-Shell partnership to focus on China, India Shell and KPI will explore opportunities across the downstream chain, from supply and refining to distribution and marketing of petroleum products.
Italy: Key ports still struggling with fuel oil availability Genoa struggles with demand outstripping resupply and storage capacity, while Augusta's refinery maintenance continues to strain stocks levels.
Ceremony marks official handover of new Fujairah bunkering piers Tidalmarine syndicate hands over Fujairah Mini Finger Pier project to Vopak in official ceremony, highlighting that the two new berths will consolidate Fujairah's position as an increasingly important global bunker market.
High-density fuels reported in another Brazilian port A month after a number of samples from Rio Grande triggered a bunker alert due to off-spec density, DNVPS has reported a spate of high-density fuel samples from Rio de Janeiro.
Rotterdam market stable again, Antwerp tight for prompt
Singapore-Fujairah price differential widens further Demand in Fujairah remains below average despite an even further widening of the price differential between the UAE port and Singapore.
Titan expands fleet, more acquisitions expected Titan has said it is to expand its fleet with two new vessels, more acquisitions are expected this year.
Total Lubmarine invests $2 million in new test engine Lubmarine has installed a new test engine at its research facility in Lyons and reveals increased research and development budget for 2005.
Salvors demand immunity from EU pollution directive The International Salvage Union (ISU) delivered a stern warning that salvors may refuse to offer aid if they do not receive immunity from prosecution in preventing potential pollution.
Bunker fuel price spike hits Carnival earnings Bunker fuel costs during company's second quarter 23% higher than average prices over the past three quarters, says cruise line.
French seafarers clash with police over registry reform STRIKING French seafarers clashed with riot police yesterday as they sought to disrupt services through the Channel tunnel and block access to the nearby A16 motorway. The protest was part of a new wave of action to mark the arrival before the National Assembly of a Bill creating a new French international register.
UK firms to fill '£700m' pension gap Pension liabilities totalling hundreds of millions of pounds will now be spread among hundreds of British shipping-related companies following a court ruling on the allocation of the Merchant Navy Officers' Pension Fund deficit.
Brussels crestfallen as critics reject oil spill criminalisation defence again THE European Commission has hit back at critics of its controversial push for tougher action against pollution from ships, insisting there was no intention to criminalise all seafarers caught up in oil spill incidents.
Two more heads roll in AIG investigation ON ANOTHER dramatic day at leading US insurer American International Group, the company fired its chief financial officer along with a senior executive at its reinsurance unit for refusing to co-operate with government regulators investigating its dealings with General Re, writes John McLaughlin in New York.
CMA hears China warning CHINA trade has been a bonanza for rates, but the country is also escalating its ship-ownership role, with consequences for global crewing and shipbuilding, delegates at the Connecticut Maritime Association conference heard yesterday
Alliance shuns Amsterdam's Ceres RUMOURS in the press that Ceres Paragon container terminal at Amsterdam is expecting calls from Grand Alliance partners have not been confirmed
CalMac strike called off THE 12-hour strike planned to hit ferry services operated by Scotland's Caledonian MacBrayne tomorrow has been called off
IMAREX raises funds before listing IMAREX, the freight derivatives trading exchange, has been involved in a flurry of activity in the run-up to its initial public offering on the Oslo Børs
TransEuropa pushes into the Med SLOVENIA-based TransEuropa Shipping Lines has expanded its Mediterranean operations with the charter of Brittany Ferries' former Duc de Normandie to Ferrimaroc
Fairplay ends venture talk FAIRPLAY, the German towage specialist, has clarified that it will maintain its independent harbour towage services in Rotterdam
Truckers are the weakest link in PierPass system Fears that congestion will again slow cargo flow through US West Coast ports are again arising as truckers claim there are not enough drivers to meet demand.
Asian shippers accuse 'monopolistic' lines of rate abuse The Asian Shippers' Council (ASC) is demanding that exporters be compensated for delays at port and terminals, and slamming the Transpacific Rate Agreement (TSA) for its planned rate increases.
Port developments in second tier cities to ease Chinese freight bottlenecks
West Coast ports cover Security costs with rate rise
Wanzhou gets largest terminal in Three Gorges region
Panama Canal railway set to double volumes in 2005
APM Terminals in another China project APM Terminals, the terminal arm of A.P. Møller-Mærsk, is participating in yet another giant Chinese port project. APM Terminals ...
Jetlink begins sailings in April Jetlink is now likely to start sailing between Moss and Frederikshavn with HSC "Jetlink Express" in April, and not before ...
IMO critical to criminalisation of seafarers IMO is critical to the recent decision ny the European Parliament to adopt legislation introducing criminal penalties in cases of ...
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