Shipping downturn bottoming out THE downturn in the global container shipping sector has nearly bottomed out with the start of a cyclical upturn expected by 2008 bringing with it a 5 per cent rise in freight rates across all major trades, according to a bullish new Credit Suisse report.
Royal Caribbean posts US$46.6m Q4 earnings ROYAL Caribbean Cruises, the world's second-largest cruise operator, posted its first fourth-quarter profit since 2002 on revenue from its Freedom of the Seas ship.
PSA Int'l signs accord to run Pakistan port PSA International announced yesterday the signing of a 40-year concession agreement to run Pakistan's China-built multi-purpose port at Gwadar, confirming several earlier media reports about the deal.
Strait Talk
Get real on minimum manning AS A RULE, the statements coming from the International Shipping Federation are well thought out and sensible.
Shipping downturn bottoming out THE downturn in the global container shipping sector has nearly bottomed out with the start of a cyclical upturn expected by 2008 bringing with it a 5 per cent rise in freight rates across all major trades, according to a bullish new Credit Suisse report.
Royal Caribbean posts US$46.6m Q4 earnings ROYAL Caribbean Cruises, the world's second-largest cruise operator, posted its first fourth-quarter profit since 2002 on revenue from its Freedom of the Seas ship.
PSA Int'l signs accord to run Pakistan port PSA International announced yesterday the signing of a 40-year concession agreement to run Pakistan's China-built multi-purpose port at Gwadar, confirming several earlier media reports about the deal.
Strait Talk
Get real on minimum manning AS A RULE, the statements coming from the International Shipping Federation are well thought out and sensible.
BP takes control OIL major takes back control of ships' officers in its growing fleet from the hands of Dorchester Atlantic Marine.
BP looks at fitting scrubbers on new tankers
Panama signs-up for IMO flag-state audit THE Panama Maritime Authority has submitted a formal application to participate in the voluntary flag state audit.
More Calls for novel approach to tackle ship emissions INTERNATIONAL Chamber of Shipping proposes new 'goal-based' approach, by encouraging innovation, and balancing it against the available technology.
Euro cruise 'now worth $10.75Bn' BRUSSELS 06 February ' European cruise tourism is currently valued at €8.3Bn ($10.75Bn) in direct expenditure, according to figures released by the European Cruise Council
Defence clock ticking for Trafigura COMMODITY trader and charterer Trafigura has been given until June to file a defence in the UK High Court against a claim by poisoning victims in the Ivory Coast last year
Russian oil export plans clarified THE Russian companies in charge of a new crude oil export pipeline to the Aegean have set up a formal consortium, but President Putin says he favours direct deliveries
Tirrenia goes head-to-head ITALIAN state-controlled ferry operator Tirrenia di Navigazione is to open its five top routes to competition from private sector operators, without the benefit of subsidies
Rickmers to raise $300M from listing GERMANY'S Rickmers is to raise about $300M from a listing in Singapore of a business trust based on its container vessels, financial sources said today
Hugo strengthens ties with Requiaos THE special relationship between Venezuela president Hugo Chavez and Brazil's Requiao brothers has marked another milestone
Retailers oppose all-scan, urge Congress to support scan pilot program National Retail Federation urges Senate Committee to reject proposal to add 100-percent scanning of U.S.-bound cargo to recently-passed House security legislation.
Port of Tacoma expects slim TEU growth in 2007
U.S. air cargo falls
Marad will require MSP repairs in U.S. yards
Customs Update: H.R. 1 and more data requirements
Little delay expected for Wilmington cranes after mishap
UPDATED: CSCL in talks to buy stake in UK truck firm China Shipping Container Lines is in negotiations to acquire shares in a truck company based in the UK.
Long Beach proposes new container terminal
Hutchison, APM Terminals look for Brisbane stake
Heavy rain curbs box-traffic at Indonesian hub
Alianca to press ahead with new terminal despite increasing S. Brazilian capacity
Rickmers Group to raise US$300m through boxship-trust listing in Singapore
Australian shippers face rising charges
Box backlog diminishing at Deltaport
PSA projects Gwadar as part of network, with added spur to inland links
Northern Europe sees biggest rises in December retail spending
Former Sovjet submarine sank off the Danish coast A former Sovjet submarine of the Whiskey class sank yesterday some 25 nautical miles off Thybor'n on the Danish westcoast ...
Sweeping WW management changes Nils Petter Dyvik is to step down as president and CEO of Wallenius Wilhelmsen Logistics (WWL) from 1 April to ...
Golden Ocean sells to SFI and b/b charter back John Fredriksen controlled Golden Ocean sells two 170,000 DWT capesize newbuildings from Daehan Shipbuilding in China to Ship Finance International ...
Fresh look at scrubbers Wärtsilä says its marine scrubber portfolio will include scrubbers with a difference.
Lube producers brace for REACH Legislation New European chemicals legislation will challenge lube manufacturers but may have limited cost impact for marine lube buyers.
ARA market remains firm
Hopes fade for an end to Mumbai bunker crisis State authorities "still deliberating" as bunker volumes fall.
Asian market faces price surge Taiwan's CPC raises posted prices to curb "huge buying demand" from owners searching for fuel in tight East Asian market.
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