FedEx's Q2 profit rises 33% FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.
Admiralty Casebook
Info on Newcastle port anchorage vague: ATSB THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.
Port Shots
Port Shots BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.
FedEx's Q2 profit rises 33% FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.
Admiralty Casebook
Info on Newcastle port anchorage vague: ATSB THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.
Port Shots
Port Shots BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.
FedEx's Q2 profit rises 33% FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.
Admiralty Casebook
Info on Newcastle port anchorage vague: ATSB THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.
Port Shots
Port Shots BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.
Why covering Santa's elf is deer to the hearts of insurers CALL it the Santa Clause - Lloyd's is ready to ensure that Santa has a happy Christmas.
Navios and CMB clinch $1.3bn in cash to fund expansion plans TWO leading dry bulk specialists, Navios Maritime and Compagnie Maritime Belge, have secured new loans totalling almost $1.3bn for expansion as well as refinancing purposes.
PD Ports slams Bathside decision BRITAIN'S piecemeal approach to port planning was criticised yesterday by UK port operator PD Ports, which expressed disappointment with the government for approving the Bathside Bay development before holding a policy review, writes Janet Porter.
Feeder fleet for Tangier terminal THE consortium which has won the concession to operate the second of two new container terminals at the Moroccan port of Tangier is to set up a feeder fleet of at least six container vessels as part of the project, writes Andrew Spurrier in Paris.
Aker exec key to Russian investigation MIKKO Niini, a senior executive in charge of Russian negotiations for the Aker and Kv'rner shipyard group, has emerged as a key figure for Russian investigators looking into the recent newbuilding contract, worth an estimated $423M, which Sovcomflot CEO Sergei Frank signed with Samsung Heavy Industries
Horizon re-aligns top team JONES Act container player Horizon Lines has announced a major restructuring of its management team and has hinted at expansion plans
NCL cleared in wave case THE National Transportation Safety Board (NTSB) has cleared Norwegian Cruise Line of any wrongdoing in the 16 April deluge of the Norwegian Dawn by a 'rogue wave'
Northlink subsidy twice sum budgeted SCOTLAND'S government has paid more than £71M ($123M) to subsidise the Northlink operation, more than twice the sum set when the tender was taken up in 2002
Hapag, CP merge Med/US Gulf services HAPAG-Lloyd will start to beneft from its integration with CP Ships in February when the two lines' West Mediterranean / US Gulf and East Coast services are merged
Alcohol testing kits now required ALCOHOL testing kits will have to be kept on most commercial vessels operating in US waters so those aboard can be tested for alcohol use in the event of a serious incident
Security ban lifted on China-related investment in Indian infrastructure China-related maritime and infrastructure majors will be allowed to invest in development of 'critical' infrastructure projects like terminals, following a direct intervention by the Indian Prime Minister.
Indonesian shippers hail overseas carriers' adoption of new THC An ultimatum by Jakarta International Container Terminal ' for carriers to start paying the new THC by December 7, or be refused berth-access ' has proven effective, say Indonesian exporters and importers.
Rotterdam continues to pay scanning bill for sea/sea transhipments
Montreal sets new container record
Treaties seal Scheldt pact
Russian Railways drive ambitions at home and abroad
CSCL receives early delivery of boxship from Dalian New Shipyard
Color Line to use courts to stop Kystlink Any final decision by the Strömstad city council to allow Langesund-based Kystlink to use the ferry terminal will be ...
No merger between Novoship and Sovcomflot Russian Minister of Transport Igor Levitin says that at present there are no plans to merge the Russian shipping companies ...
Lillbacka's Power Line to be closed down The Finnish Lillbacka group has decided to close down its Power Line liner traffic between Turku and Lübeck. The Lillbacka ...
PDVSA posts record profit Venezuelan oil company shows $9.4 billion profit on $83 billion revenue.
USEC arbitrage window closes, bunker prices to fall Bunker prices set to slide on the USEC as fuel oil cargoes heading for the market.
EC offers clarification on sulphur confusion EC has provided more detailed guidelines on SECA application dates, sulphur content in marine distillates, abatement technologies and the position on cruise ships.
KIC/PDZ Holdings reverse takeover still going ahead Planned acquisition will still go ahead, expected to be completed by end-2006 - almost three years after first proposals.
DOE & API at a glance: This week's US inventory figures
Martek Marine secures emissions monitoring orders Martek Marine Ltd has secured six orders for its MariNOx onboard engine emissions monitoring systems.
Rotterdam suppliers committing for next year's supplies
Singapore: Residual fuels at 3-month high, distillates up
Oil prices stable for now, OPEC says Cartel expecting stable crude prices while accumulating stocks over the next three months.
South Korean refiner trims January crude runs
Two Chinese ports merge for power Two Chinese ports in Zhejiang province will merge in an attempt to become the third largest port in the world.
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