Haji-Ioannou, burned by Web venture, pushes cheap cruises ON Stelios Haji-Ioannou's cruise ship clean sheets cost extra. Mr Haji-Ioannou, founder of Luton, England-based EasyJet plc, Europe's No 2 low-cost airline, is extending his EasyGroup brand into cruises, pizza and car insurance with one unifying theme: cheaper is better.
Daewoo's profit in Q4 more than triples to 32b won DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, more than trebled its fourth-quarter profit from a year earlier as prices of vessels started recovering from a decade low.
Winds close Novorossiisk port for fifth day RUSSIA's second-largest oil port, Novorossiisk, was closed to shipping for a fifth consecutive day because of high winds and snow in the Black Sea, local ship agents said.
Strait Talk
Ports and politics PORTS have been in the headlines in recent weeks. PSA's approach to UK ports and ferries company P&O, coming just as Dubai Ports World looked increasingly secure in its friendly bid, has kept even business journalists who normally have to look up the word 'shipping' in the dictionary in a frenzy.
Haji-Ioannou, burned by Web venture, pushes cheap cruises ON Stelios Haji-Ioannou's cruise ship clean sheets cost extra. Mr Haji-Ioannou, founder of Luton, England-based EasyJet plc, Europe's No 2 low-cost airline, is extending his EasyGroup brand into cruises, pizza and car insurance with one unifying theme: cheaper is better.
Daewoo's profit in Q4 more than triples to 32b won DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, more than trebled its fourth-quarter profit from a year earlier as prices of vessels started recovering from a decade low.
Winds close Novorossiisk port for fifth day RUSSIA's second-largest oil port, Novorossiisk, was closed to shipping for a fifth consecutive day because of high winds and snow in the Black Sea, local ship agents said.
Strait Talk
Ports and politics PORTS have been in the headlines in recent weeks. PSA's approach to UK ports and ferries company P&O, coming just as Dubai Ports World looked increasingly secure in its friendly bid, has kept even business journalists who normally have to look up the word 'shipping' in the dictionary in a frenzy.
Major box players send chill through small lines MAGISTRAL Container Lines, a small intra-Asian operator, is cutting back on chartered tonnage as market conditions deteriorate.
Dry bulk freight rates 'will remain at very decent levels' DRY bulk freight rates will remain at decent levels this year with a pick-up in 2008 as owners are forced to scrap elderly tonnage and demand continues to rise, according to Pacific Carriers' Keith Denholm.
ICS gives moral support to pollution legal fight while BIMCO mulls action INTERNATIONAL Chamber of Shipping secretary general Chris Horrocks backed the planned legal challenge to the European Union ship source pollution directive yesterday, although the association will not be joining the coalition of trade associations directly involved, writes Sandra Speares.
SBM bags $1.5bn in orders SBM Offshore announced a string of orders valued at an estimated $1.5bn, including a contract with Esso Exploration Angola for two floating production, storage and offloading conversions for the Kizomba C development.
Crackdown on ship oil filter polluters THE Paris Memorandum of Understanding on Port State Control has launched a concerted campaign to stamp out illegal bypassing of the oil filtering systems on board ships, writes Hugh O'Mahony.
Master killed in Syrian port tragedy THE master of a Turkish-owned vessel died when a 54-year-old ship dramatically broke up and sank near the entrance to Tartous port, Syria, at the weekend
Bulker grounds at Santo Domingo A LIBERIAN-flagged and German-owned bulker bound for Santo Domingo only made it to the harbour entrance before running aground early yesterday
Pemex oil exports hit record PETROLEOS Mexicanos reported this week that it earned a record $28.28Bn from oil exports during 2005, despite several shutdowns caused by the storm season
Captain blamed for APL grounding THE chief officer of the APL Panama, which ran aground on Christmas night off the port of Ensenada, Mexico, has blamed the ship's captain
U.S. container terminals want more automation, says PMA's McKenna Terminals will have to completely automate box handling to keep up with projected growth, according to West Coast port employers group.
INSC accuses carriers of levying extra charges Indonesian shippers have accused some carriers of levying supplementary fees of US$30/TEU, excluding terminal handling charges, and US$40 for bill of lading charges ' higher than the US$10 government maximums.
Patrick to dissolve troubled joint venture with Toll Soon after revealing what it claims is a massive deterioration in Pacific National profits Patrick Corporation has begun formal action to dissolve the joint venture with hostile suitor Toll Holdings.
Japan leads Asian nations in accusing Brussels of being 'one-sided'
APL sees average revenue/box slide in P12
Canadian ports await post-election initiatives
Maersk and MSC launch new Australia-Asia services
Portland's 41.56% drop 'significantly less' than expected
Carrier defections stunt Contship growth
Containerships gun for bulk cargo
India expected to give duty exemption on temporary box imports
Shipping Australia Ltd: New conference is unlikely 'in the short term'
K Line to expand transpacific routes' capacity
Kaliningrad port volumes up over 55% in 2005
Manzanillo gets Latin America's first super post-panamax cranes
Port clarifies 1.5% low-sulphur ruling Port of Los Angeles Harbor Commissioners inserting stricter conditions into terminal lease agreement.
Spanish maritime group ceases bunkering operations Group announces immediate withdrawal from bunker trading and bunker manager's resignation.
Debunkerings plague shipowner's green fuelling policy Global Ro--Ro operator Wallenius Wilhelmsen has reported a string of debunkerings, which the company claims is directly linked to its procurement of low sulphur bunker fuel.
Off-spec fuels reported in Suez area Recent Suez samples display similar problems to those seen in Port Said last year, but local source claims it must be a mistake.
Shipping coalition launches legal challenge against EU Directive Coalition contends European Court of Justice should consider the validity of EU Directive on Ship-Source Pollution.
Rotterdam market seen easing with crude
Bunker oil spill continues to threaten marine life Bunker fuel spill continues to threaten mangrove forests and marine life in the Philippines.
South Korean refiner set to exit fuel oil export business GS Caltex starting refinery upgrade project and directing fuel oil supplies only into domestic bunker market.
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