Maersk Line helps boost PTP's gains BENEFITING from the integration of Maersk Sealand and P&O Nedlloyd into the new Maersk Line, the neighbouring Port of Tanjung Pelepas has posted record throughput of 2.24 million TEUs for the first six months of this year.
NYK sees better container profit NIPPON Yusen KK , Japan's largest shipping line, said earnings at its container unit will improve next fiscal year as freight rates on European routes increase.
Hanjin Shipping's Q2 profit falls 51% to 33.7b won HANJIN Shipping Co, South Korea's second-biggest shipping company by market value, said second-quarter profit fell 51 per cent on higher fuel costs and a stronger won.
PIL expands, acquires stake in NZ-based PDL
Cosco Pacific in US$99m Quanzhou venture
Admiralty Casebook
Burden of proof on insurers A CANADIAN appeals court has upheld a decision that a group of marine insurers and not the insured vessel's owners had the burden of proving want of due diligence if they want to avoid paying a claim for tail shaft breakage.
Maersk Line helps boost PTP's gains BENEFITING from the integration of Maersk Sealand and P&O Nedlloyd into the new Maersk Line, the neighbouring Port of Tanjung Pelepas has posted record throughput of 2.24 million TEUs for the first six months of this year.
NYK sees better container profit NIPPON Yusen KK , Japan's largest shipping line, said earnings at its container unit will improve next fiscal year as freight rates on European routes increase.
Hanjin Shipping's Q2 profit falls 51% to 33.7b won HANJIN Shipping Co, South Korea's second-biggest shipping company by market value, said second-quarter profit fell 51 per cent on higher fuel costs and a stronger won.
PIL expands, acquires stake in NZ-based PDL
Cosco Pacific in US$99m Quanzhou venture
Admiralty Casebook
Burden of proof on insurers A CANADIAN appeals court has upheld a decision that a group of marine insurers and not the insured vessel's owners had the burden of proving want of due diligence if they want to avoid paying a claim for tail shaft breakage.
UK ports keep security at 'moderate' level as terrorist threat brings air travel to a halt BRITISH seaports were advised to retain existing 'moderate' security arrangements yesterday, after a reported foiled terrorist plot to blow up planes leaving Heathrow raised MI5's threat of attack to category 'level 1'.
Hapag-Lloyd warns market of steep fall in full year profits GERMAN company Hapag-Lloyd is the latest box line to issue a full year profits warning after sliding into the red in the first half.
Box lines to blame, says Adrion CONTAINER shipping's financial woes are largely self-inflicted, the head of Hapag-Lloyd admitted yesterday, writes Janet Porter.
BP Alaska shutdown sparks oil company scramble for tankers US WEST coast refiners and Alaskan producers are urgently booking tankers and crude cargoes to replace lost volumes from BP's closure of the Prudhoe Bay field.
Futures market hectic as vessel demand soars ANTICIPATION of stronger tanker demand has fired up the freight derivatives market with an increase in paper business outstripping physical fixing, writes Neville Smith.
Hapag liners post 1H operating loss HAMBURG 10 August - German shipping and tourism group TUI, parent company of Hapag-Lloyd, has warned shareholders that the full-year contribution from the liner shipping division will be well below the high pre-year result
Dutch relax corporate registration LAST month the Dutch parliament adopted changes to the law regarding company registration
Swansea Cork sells ferry to Egypt IRISH Sea operator Swansea Cork Ferries has sold its 34-year-old Superferry and plans to purchase a new ship to commence its service in March 2007
Nigeria forms admin/safety agency MARITIME lawyer Mfon Usoro has been appointed director general of Nigeria's new National Maritime Administration and Safety Agency
Rickmers meets breakbulk demand BUOYANT demand for breakbulk shipments from Europe to Asia has prompted Rickmers-Linie to bring on extra tonnage for its north Europe-Middle East-India service
Security level unchanged at UK ports SOURCES have told Sea Sentinel that there has been no increase in security levels at the UK port of Dover or at any of the country's other ports
Impact of terror threat eases Officials said air delays were subsiding but could continue for days, after news that 21 people tied to a terrorist plot had been arrested.
Operating costs depress another forecast, while asset-free Panalpina soars Panalpina showed the benefits of asset-light business today, as strong H1 results were announced, just as another ocean carrier forecast was reduced because of opcosts, combined with pressure on freight-rates.
NCC shareholder discussions continue in private Discussions between shareholders of Russia's National Container Company are continuing, but in private, and the terminal-operator's partnerships will not be affected by any shareholder change, according to one NCC partner.
Indian government turns down Vizhinjam container port project
Hanjin H1 profit halves on high fuel prices
PIL takes stake in Pacific specialist
Israel war risk surcharge reduced
Panama Canal plans to become Brazilian distribution hub
Environmental disaster in the Mediterranean The Israeli bombings of Lebanon have resulted in an ecological crisis in the Mediterranean. The destruction of the oil-fired ...
Buyers wait as oil prices tank US buyers looking for lower prices as oil market fears evaporate.
Busted bunker supplier: 'We're not guilty' Company in alleged black market fuel smuggling racket responding to 'gossip'.
NYK July bunker bill in Japan jumps $1m NYK saw a 3% rise in its July bunker bills in Japan after Nippon Oil Corp. raised its retrospective bunker prices.
WFS continues to perform well Q2 profits close to record-breaking Q1 result and first half profits up nearly 75%.
New Argos jetty boost for oil products From 2007 onwards, at least 4 million tonnes of mineral oil products will be handled via the new jetty/quay annually.
Rotterdam market decreasing Thursday morning
Piraeus ready to handle LSFO demand Supplier confirms LSFO is now produced locally to meet shipping needs.
Singapore: Fuel oil stocks slide from all-time high
Titan looks to inauguration of Yangshan storage project Groundbreaking date set to take place this year for the first phase of the project.
Profit falls on bunker costs Thailand's largest sea transportation firm posts 51% drop in net profit on inflated bunker costs and lower freight rates.
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