Bunker fuel tests spark talk of tampering ARE bunker fuel samples being tampered with to allow fuel that exceed regulatory limits to escape detection? Industry observers speculate this is what is happening in Singapore's lucrative $7 billion bunkering industry after a number of retests not only showed up samples that exceeded limits but also inexplicable conflicting results from tests conducted on purportedly the same fuel sample.
Evergreen Marine's Q3 profit may fall on fuel cost: survey EVERGREEN Marine Corp, which operates Asia's largest container shipping line, may post its first quarterly profit drop in six, as Taiwan's slowing exports growth reduced shipments and fuel prices soared.
India seeks US$150b investment for ports, roads INDIA said it needs US$150 billion of investment in the next decade to improve its ports, roads and other transport infrastructure and keep pace with economic growth in Asia's fourth-largest economy.
Logistics
DHL sees double-digit sales growth in India DHL, Deutsche Post's express delivery and logistics arm, expects strong growth in Asia including continued double-digit revenue growth in India in coming years, the head of its Asian business said recently.
UPS earnings jump 23% on revenue growth LED by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS reported a 17.9 per cent increase in revenue and an adjusted 22.9 per cent increase in diluted earnings per share.
New Asia managers for Lufthansa Cargo LUFTHANSA Cargo has announced several changes in management positions within the organisation in the Asian Pacific Area.
Exel boosts team with supply chain solution skills
Bunker fuel tests spark talk of tampering ARE bunker fuel samples being tampered with to allow fuel that exceed regulatory limits to escape detection? Industry observers speculate this is what is happening in Singapore's lucrative $7 billion bunkering industry after a number of retests not only showed up samples that exceeded limits but also inexplicable conflicting results from tests conducted on purportedly the same fuel sample.
Evergreen Marine's Q3 profit may fall on fuel cost: survey EVERGREEN Marine Corp, which operates Asia's largest container shipping line, may post its first quarterly profit drop in six, as Taiwan's slowing exports growth reduced shipments and fuel prices soared.
India seeks US$150b investment for ports, roads INDIA said it needs US$150 billion of investment in the next decade to improve its ports, roads and other transport infrastructure and keep pace with economic growth in Asia's fourth-largest economy.
Logistics
DHL sees double-digit sales growth in India DHL, Deutsche Post's express delivery and logistics arm, expects strong growth in Asia including continued double-digit revenue growth in India in coming years, the head of its Asian business said recently.
UPS earnings jump 23% on revenue growth LED by strong worldwide gains in package volume and the expansion of its supply chain and freight business, UPS reported a 17.9 per cent increase in revenue and an adjusted 22.9 per cent increase in diluted earnings per share.
New Asia managers for Lufthansa Cargo LUFTHANSA Cargo has announced several changes in management positions within the organisation in the Asian Pacific Area.
Exel boosts team with supply chain solution skills
Clarksons eyes $300m ship hedge fund CLARKSONS is moving ahead with plans to start a shipping-only hedge fund. The aim is to secure returns of 15%-20% by high-risk trading strategies in both the dry bulk and tanker markets, primarily derivatives.
SSY Singapore reshuffle sees founder Jones quit THE founder of Simpson Spence & Young's Singapore office, Chris Jones, has left after 14 years in a major reorganisation of the broker's business in the region.
Fredriksen swoops on Bergesen gas float NORWEGIAN shipping tycoon John Fredriksen has waded in on compatriot Bergesen Worldwide Gas with a 300,000 share purchase as his rival returned to the public markets this week in Oslo.
Blockades hit Spanish islands as fuel talks continue SPANISH fishermen protesting over high fuel costs continued to blockade the country's key ports throughout yesterday.
US reveals storm trade impact NEW statistics released by the US Census Bureau highlight the profound changes in US Gulf Coast shipping flows in the wake of Hurricanes Katrina and Rita
Shipping boom boosts Braemar results BRAEMAR Seascope has announced an impressive set of 1H profits, having benefited from the boom in all shipping sectors
Cozumel docks destroyed THE docks on the Mexican Caribbean island of Cozumel have been virtually destroyed by Hurricane Wilma, according to Mexico's ports boss
RCCL triumphs over fuel hikes ROYAL Caribbean Cruises rode higher ticket prices and gains from its First Choice Holidays stake to a record third quarter, despite ever-rising fuel costs
Migrant Watch: US/Caribbean THIS week's report on sea routes used by seaborne migrants, where possible incorporating news or statistics on apparent trends
Aker Finnyards axes 165 workers AKER Finnyards, part of Norway's Aker Yards, will lay off 165 employees from its Helsinki shipyard
TSA Chief: Shippers must pay more Trans-Pacific carrier group exec says shippers will have to foot the bill for infrastructure improvements needed to handle China boom.
At Wesccon: Brokers, carriers discuss mutual issues
Miami, Everglades ports reopen
House panel mulls Byrd repeal
At CSCMP: SoCal still tops for distribution centers
CSI membership for Colombo provokes disputes Colombo's new membership of the US-led Container Security Initiative has provoked transport-player disputes, attacking charges for inspections, and claims that the scheme could hit transhipments.
Indian Sub-continent Regulations Services Terminal
Charter-brokers: long period-market gone, for now
New Delhi makes pitch for US$150bn US investment
Busan port security upgraded to prepare for APEC Summit
Shotguns seized at Kwai Chung
Kolkata barge service cheaper than transhipment
Hatsu Marine in line with Evergreen Group's fleet expansion plan
Sea Star to add third ship Jacksonville's Sea Star Line is converting a ro-ro from sister company Tote to beef up the Puerto Rico liner trade.
Genmar disappoints New York owner earns 19 cents per share in third quarter, barely half Wall Street consensus estimate, on weaker hire rates and utilisation.
Offshore boosts Transatlantic Swedish ro-ro owner's nine-month profit augmented by big contribution from icebreaking joint venture.
SSY shakes up Singapore Broker revs up gas and dry cargo in the Lion Republic and brings in younger blood.
RCCL romps home Cruise operator thrashes analysts' estimates for third quarter.
SSN secures loan Polish shipbuilder arranges first commercial borrowing since restructuring in 2002.
More profit for LSC Lithuanian cargoship owner increases third quarter profit as row over aborted privatisation goes on.
Star upbeat on reefers Norwegian player ramps up profit as period renewal rates rise.
Fredriksen buys into BW Tanker king takes stake in newly listed Bergesen gas outfit.
Finnlines numbers droop Strike action and costly bunkers cripple Finnish operator in first nine months of year.
Canada holds three Port state checks end in detention for Odjfell tanker and two bulkers in September.
Courage splashes IPO cash Taiwanese controlled bulker player makes first ship acquisition since listing in Singapore.
Pain goes on for Srab Swedish tanker owner still wading through red ink in first nine months.
Suez Canal revenues jump Middle East waterway sees year-on-year jump in revenues of nearly 15% on increased transits.
Kuribayashi eyes slim profit Interim results at Japanese ro-ro player expected to be in the black after company revises forecasts.
SRAB still in the red SRAB Shipping in Stockholm reports a pre-tax loss of SEK 7.4 million on a SEK 40.3 million net turnover ...
Third Chinese handy-max for D/S "Norden" Dampskibsselskabet "Norden" has, according to several reports, exercised an option for a third handymax bulk carrier at the Chinese shipyard ...
Bryggen orders product tankers in China Bergen-based owner/operator Bryggen Shipping & Trading ' a wholly-owned subsidiary of Network Chartering ' has ordered two 17,000 DWT product ...
Royal Caribbean shakes off bunker price woes for now Cruise ship company announces record third quarter results despite rising fuel bills but is wary of future costs.
Florida bunkering remains shut down Miami and Port Everglades remain closed as bunker suppliers struggle to get operational.
PDVSA Deltaven suspends Bahamas operations Supplier advising that Freeport bunker supply suspended until terminal repairs completed following hurricane Wilma.
DOE & API: Latest US inventory figures US stocks of crude are up both on the week and on the year, while distillate inventories shrank last week.
Multiple factors cited as St. Petersburg bunkers fall below $200 Heavy competition and fall-out from rise in export duty might explain why St. Petersburg offers the world's lowest bunker prices.
Chinese energy shipper's margins expected to improve Analyst expects Q4 profit margins to improve due to rising freight rates and falling bunker cost.
Off-spec fuel cases confirmed in Singapore A re-test ordered by the MPA in another DNVPS case has confirmed above-limit cat fines, as opposed to previously dismissed results.
Rotterdam suppliers busy for end of month
Australian ports hit by high fuel surcharge, technical glitch International trade at Australian ports has been affected by higher bunker fuel surcharges and a major technical glitch.
High fuel prices spark Spanish fishermen protest Spanish fishermen protesting against hihg fuel prices blockaded Spain's Mediterranean ports yesterday.
BP reports profit rise in Q3, 2005 BP reported a rise in Q3 profits despite sustaining hurricane damage to its rigs and refineries in the Gulf of Mexico.
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