Yemen offers guarantees up to US$150m against terrorism IN a desperate bid to woo shipping back to its ports after last year's terrorist attack on the Limburg tanker, the Yemen government has announced it will offer financial guarantees of up to US$150 million against the costs of terrorist acts in its waters.
K Line's aframax move to S'pore completed on schedule JAPANESE shipping company K Line has relocated its aframax tanker fleet management division from Tokyo to Singapore on schedule.
Bohai Bay ports emerging as largest hub in north China PORTS on the Bohai Bay are emerging as the largest container shipping centre in north China in the era of economic globalisation.
Direct service between Myanmar and Bangladesh A Singapore-based container shipping line, the Orient Express Line , has launched its direct container service between Myanmar and Bangladesh, the local weekly Myanmar Times reported.
Collision in Yangtze A Chinese oil tanker collided with a container ship at the mouth of the Yangtze River, spilling 20 tons of oil into its waters, state press reported yester.
Air and Land Transport
EADS 2002 orders plunge 50% on aviation slump EUROPEAN Aeronautic, Defense & Space Co , the parent company of Airbus SAS, said orders fell by 50 per cent last year as a slump in commercial aviation led airlines to hold back on buying new planes.
Iata blasts Zurich airport for 47% service fee hike
Yemen offers guarantees up to US$150m against terrorism IN a desperate bid to woo shipping back to its ports after last year's terrorist attack on the Limburg tanker, the Yemen government has announced it will offer financial guarantees of up to US$150 million against the costs of terrorist acts in its waters.
K Line's aframax move to S'pore completed on schedule JAPANESE shipping company K Line has relocated its aframax tanker fleet management division from Tokyo to Singapore on schedule.
Bohai Bay ports emerging as largest hub in north China PORTS on the Bohai Bay are emerging as the largest container shipping centre in north China in the era of economic globalisation.
Direct service between Myanmar and Bangladesh A Singapore-based container shipping line, the Orient Express Line , has launched its direct container service between Myanmar and Bangladesh, the local weekly Myanmar Times reported.
Collision in Yangtze A Chinese oil tanker collided with a container ship at the mouth of the Yangtze River, spilling 20 tons of oil into its waters, state press reported yester.
Air and Land Transport
EADS 2002 orders plunge 50% on aviation slump EUROPEAN Aeronautic, Defense & Space Co , the parent company of Airbus SAS, said orders fell by 50 per cent last year as a slump in commercial aviation led airlines to hold back on buying new planes.
Iata blasts Zurich airport for 47% service fee hike
PSA's throughput volumes down in January Overall container volumes handled by PSA Corporation were pulled down by its overseas operations, dropping 7 per cent in January 2003 to 2.11 million Teu from December 2002, according to the global terminal operator's latest throughput figures.
US activates civilian airliners for Defense transport Pentagon officials said 13 flights were scheduled to fly troops Monday after Defense Secretary Donald Rumsfeld mobilized the Civil Reserve Air Fleet, passenger and cargo planes that can be used to move service members and equipment in emergencies and when there aren't enough military planes to do it
Cargolux orders Boeing 747 Cargolux International Airlines will increase its fleet of Boeing 747-400 Freighters to 13 with a new order it has placed with the Boeing Co.
China lets airlines raise fares The Civil Aviation Administration of China (CAAC) allowed domestic airlines to raise economy fares by up to 17 per cent to counteract a rise in jet fuel prices sparked by fears of a war with Iraq.
Key points on freight rates missing The mainland Ministry of Communications has released new rules governing international maritime transportation, which will become effective next month.
Seamen escape from pirates US activates civilian airliners for Defense transport.
More RT-flex orders Three Sulzer 9RT-flex60C low-speed diesel engines have been ordered by Germany's Volkswerft Stralsund GmbH
Ship Analytics helps Indonesia upgrade seafarer training L-3 Communications says its Ship Analytics unit, based in North Stonington, Connecticut, has received a contract to provide the Government of Indonesia with six fully modernized maritime training schools
Market downturn takes 25% bite out of BP profits BP'S profits slumped 25% to $8.7bn and production growth was slashed to 2.9% in 2002 as market conditions worsened for the oil company.
Tonnage rethink gives opentop boxships a lifeline OPENTOP containerships have been thrown a commercial lifeline by a break-through in tonnage measurements that will enable them to compete on more equal terms with conventionally-designed vessels, writes Janet Porter.
Owners pay for tanker crackdown WILLEM de Ruiter has used a first public appearance as executive director of the European Maritime Safety Agency to bring a message to tanker owners and, he said, "none of it is good news".
Everard slams Emsa boss over places of refuge WILLEM de Ruiter was criticised for failing to understand the centrality of the 'place of refuge' issue in tanker safety by the president of Bimco yesterday, writes David Osler.
Hull underwriters weigh up Middle East premiums HULL war underwriters are reviewing the additional premiums they charge for voyages to parts of the Middle East, although there is as yet little change, said London market sources, writes James Brewer.
TACA plans westbound increases Trans-Atlantic carriers plan to raise tariff rates on westbound cargo by $400 per 20-foot container and $500 per 40-foot container on April 1, and by an unspecified additional on Oct. 1.
Hike for Persian Gulf war-risk charges Underwriters have raised war risk premiums for all merchant ships calling at some ports ahead of expected military action against Iraq.
BAX sees gain in operating profits The forwarder reported operating profits of $11.2 million in the fourth quarter of 2002, up from $2.6 million the year before, as revenue jumped 16 percent to $528.5 million.
Possible loss of Gdynia to rival won't prevent APMT growth AP Moller Terminals (APMT) has said that it is going to radically grow its terminal business by 2005 increasing its market share substantially compared to its rival operators.
Thwarted Hutchison demands Laem Chabang tender probe Hutchison Port Holdings has contacted Thai Prime Minister Thaksin Shinawatra demanding a probe into alleged irregularities during the bidding for Laem Chabang's newly built C3 container terminal.
Asian 'dynamism' to fuel massive Intra-Asia growth
Major operators line up for Angola terminal privatisation
HK shippers reject Hutchison intervention over THCs
Coscon seeks partners for new China/USEC service
Malaysia's North Butterworth expands as volumes rise
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