Hutchison: no plans to sell more port assets HUTCHISON Whampoa Ltd, the world's biggest container-terminal operator, has more than 10 ports in development and has no plans to sell more port assets, billionaire chairman Li Ka-shing said yesterday.
SATS' April passenger traffic up 9.8% SINGAPORE Airport Terminal Services Ltd , the ground-handling unit of Singapore Airlines Ltd , said it handled 9.8 per cent more passengers last month, as more people flew to and from the country.
Hyundai, Samsung improve Q1 operating profit HYUNDAI Heavy Industries Co, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co, the world's three largest shipyards, improved operating results in the first three months of the year, as record crude oil prices and expanding trade allowed them to charge more for ships.
Bangkok's new airport could open in July: official
Tianjin Port IPO 1,700 times oversubscribed
Vietnam yard gets US$1b Israeli order
Qantas to cut 1,000 jobs to counter fuel prices: CEO
Admiralty Casebook
US liability act leaves no room for other doctrines AUS court has made what appears to be the strongest statement so far that the per package limitation under the US Carriage of Goods by Sea Act applies regardless of whether the carrier actually notifies the shipper of the US$500 and gives the shipper a 'fair opportunity' to declare a higher value for its goods.
Hutchison: no plans to sell more port assets HUTCHISON Whampoa Ltd, the world's biggest container-terminal operator, has more than 10 ports in development and has no plans to sell more port assets, billionaire chairman Li Ka-shing said yesterday.
SATS' April passenger traffic up 9.8% SINGAPORE Airport Terminal Services Ltd , the ground-handling unit of Singapore Airlines Ltd , said it handled 9.8 per cent more passengers last month, as more people flew to and from the country.
Hyundai, Samsung improve Q1 operating profit HYUNDAI Heavy Industries Co, Daewoo Shipbuilding & Marine Engineering Co and Samsung Heavy Industries Co, the world's three largest shipyards, improved operating results in the first three months of the year, as record crude oil prices and expanding trade allowed them to charge more for ships.
Bangkok's new airport could open in July: official
Tianjin Port IPO 1,700 times oversubscribed
Vietnam yard gets US$1b Israeli order
Qantas to cut 1,000 jobs to counter fuel prices: CEO
Admiralty Casebook
US liability act leaves no room for other doctrines AUS court has made what appears to be the strongest statement so far that the per package limitation under the US Carriage of Goods by Sea Act applies regardless of whether the carrier actually notifies the shipper of the US$500 and gives the shipper a 'fair opportunity' to declare a higher value for its goods.
Denmark unveils blueprint to join shipping's global elite DENMARK is bidding for a place alongside the world's shipping elite as a global maritime hub and is drawing up plans to attract more industry professionals from abroad to strengthen its skills base.
'Alarming' decline sees Norway tumble to sixth place in world rankings NORWAY'S decline as a shipping power has continued at an "alarming" pace, with its controlled fleet falling to sixth place in a leading international league table.
Skagen raises stake in Korea Line Norwegian fund manager Skagen Funds has lifted its stake in Korea Line Corp, the company being stalked by John Fredriksen, to more than 5%.
Acciona cancels first UK crossing after MCA detains ship over safety problems ACCIONA Trasmediterranea was yesterday forced to cancel its inaugural crossing from Portsmouth to Bilbao, after the vessel was detained by the Maritime and Coastguard Agency.
MCA spoils Acciona Trasmed party MCA surveyors have prevented the Acciona Trasmed ferry Fortuny from operating after finding safety deficiencies during an inspection this morning
Think before you drink before you drive SWEDEN'S Volvo Group, a major truck manufacturer, is helping truck drivers to assess whether they are sober enough to drive after a ferry crossing
US tonnage tax extended, expanded US-flagged ship owners found good news in President Bush's signing of the Tax Increase Prevention and Reconciliation Act yesterday
Grounded Orion is pulled free A high tide and several tugs have succeeded in refloating a Norwegian-flagged bulker that grounded yesterday off Fort Lauderdale; no pollution is reported
Rail jams could threaten peak season shipments, says Hanjin executive Poor service and congestion at intermodal rail centers pose the biggest threat of to the smooth flow of international shipments.
TSA orders criminal checks on 100,000 air-cargo workers
ECT system-swap disruptions continuing, with some imports being diverted Serious disruption is continuing in Rotterdam, with the automated terminal system at ECT's Maasvlakte complex still not functioning properly, and some deepsea clients having begun to avoid the terminals.
Eurogate rules out SSA Marine bid Eurogate CEO Thomas Eckelmann has ruled out a bid for the US terminal operator Stevedoring Services of America because he said Eurogate had 'other priorities'.
Pre-peak season report says US ports are congestion free
Updated: APL confirm first Baltic service
K Line and NEL launch Southeast Asia feeder
Commission to adopt '8bn Trans-European Networks budget
New OSG spill charge Chief engineer indicted in Texas for trying to trick company's own 'anti-tricking' devices to allow overboard discharge of waste oil.
Tainted master walks Ex-captain of OMI's Guadalupe accepts probation, small fine in oil-water separator case dating to 2001.
Philly unions cry foul Metal trades say tankers going to OSG are being bolted together right of the box from South Korea in violation of US Jones Act.
Unions are wrong OSG's new US-flag boss Eric Smith says Philly shipyard has written Coast Guard approval for the way it's building tankers to be chartered to his company.
Galbraith's hits Shanghai London brokerage also announces restructure in dry cargo.
Green fades Weaker spot market, bunker costs hit Norwegian reefer player.
UK stops Spanish ferry New Acciona Trasmediterranea service is suspended after inspection reveals safety related deficiencies.
IT sale helps Hermansen Norwegian shipowner Folke Hermansen sells computer company to part-fund NOK 5bn newbuilding programme.
K Line adds second string New South-east Asia feedership service for Japanese giant and Singaporean partner NEL.
Second anchor-handler for Rem Norwegian owner doubles up with new order at Kleven Verft in Ulsteinvik.
Lucky thirteen? Japan's public shipowners record a collective 16% hike in earnings though earlier impairment charges help.
US keeps nose out Malaysian deputy PM says US navy has pledged not to interfere in Malacca Strait security operations.
APL goes low NOL-owned container line launches Lower Baltic Service to feed growing demand in northern Europe.
Volgograd hooks Catfish MNP group's Russian shipyard reels in order for up to four chemical tankers from Swedish owner.
Money pours in at MSCO Murmansk tanker and icebreaker operator boosts 2005 profit as Arctic cargo volumes grow.
Causeway tops 5% LA fund manager accidently omits to report holdings in FRO and SNI, as the latter buys up more stock.
Excel's profits slide Larger fleet fails to offset effects of declining rates at Greek panamax and handymax owner.
Stena VLCC out of action Engine problems to keep Stena Vision alongside for 'several months', but charter still to be paid.
Tamai boosts profitability Japanese bulker player sees 50% rise in full-year net income despite a modest slip in revenue.
California updates ship emission law Public comment period opening on revised auxiliary engine distillate fuel rule, safety clause included.
O.W. Bunker expands African physical bunker operations New dedicated bunker barge service to fill a supply gap in this market.
No easy cruise for Carnival Fuel costs a factor in sharp reduction of earnings forecast, outlook mixed in cruise sector.
UK: High fuel prices spark fuel efficiency projects Programme aims to improve fuel efficiency across the whole UK fishing fleet while also providing environmental benefits.
Rotterdam backs off as crude stays under $70
Singapore: Stocks of distillate recover from record-low Onshore stocks of middle distillates up, residual fuels down.
High bunker costs translate to net loss The third largest cruise operator in the world posted net loss in Q1 on higher ship operating expenses.
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