Korean port projects to go on show in S'pore, HK SOUTH Korea's government will hold roadshows in Singapore and Hong Kong to attract foreign investors to its ambitious Busan and Gwangyang container port expansions.
RCL's 9-month profit up 54% BUOYANT trade lifted Thai-listed and Singapore-managed feeder Regional Container Lines' net profit for the first nine months of 2003 by 54 per cent before unrealised currency losses.
MTL to take 70% stake in Suzhou project MODERN Terminals Ltd, the port operating arm of Wharf , said yesterday it will take a 70 per cent stake in a one billion yuan container terminal project in the Yangtze River Delta city of Suzhou, its first investment in the thriving Chinese region.
Grand Alliance cuts transpacific capacity THE Grand Alliance has cut transpacific capacity, marking the start of the Christmas lead-up slow season, suspending its fortnightly extra peak season service between Asia and the US East Coast.
Adsteam's solid outlook ADSTEAM Marine Ltd, an Australian tug-boat company, said the outlook for its ship assist operations remains 'very sound'.
Air and Land Transport
Asian airlines see 10% rise in cargo volumes this year KOREAN Air, Taiwan's China Airlines and other Asian carriers may ship 10 per cent more cargo this year because of demand for China-made electronic goods and other products.
Qantas on track to exceed financial targets
SAS chalks up 12% fall in Q3 profit
Virgin Blue eyes business travellers
Former F1 driver Niki Lauda returns to the airline race
Log Book
Strait Talk
Western ship recycling farce in which Asian workers lose out THE pantomime has come early to Britain this year, in the form of two old US naval auxiliary vessels that are in the final stages of a tow from America to Hartlepool on England's North Sea coast.
Korean port projects to go on show in S'pore, HK SOUTH Korea's government will hold roadshows in Singapore and Hong Kong to attract foreign investors to its ambitious Busan and Gwangyang container port expansions.
RCL's 9-month profit up 54% BUOYANT trade lifted Thai-listed and Singapore-managed feeder Regional Container Lines' net profit for the first nine months of 2003 by 54 per cent before unrealised currency losses.
MTL to take 70% stake in Suzhou project MODERN Terminals Ltd, the port operating arm of Wharf , said yesterday it will take a 70 per cent stake in a one billion yuan container terminal project in the Yangtze River Delta city of Suzhou, its first investment in the thriving Chinese region.
Grand Alliance cuts transpacific capacity THE Grand Alliance has cut transpacific capacity, marking the start of the Christmas lead-up slow season, suspending its fortnightly extra peak season service between Asia and the US East Coast.
Adsteam's solid outlook ADSTEAM Marine Ltd, an Australian tug-boat company, said the outlook for its ship assist operations remains 'very sound'.
Air and Land Transport
Asian airlines see 10% rise in cargo volumes this year KOREAN Air, Taiwan's China Airlines and other Asian carriers may ship 10 per cent more cargo this year because of demand for China-made electronic goods and other products.
Qantas on track to exceed financial targets
SAS chalks up 12% fall in Q3 profit
Virgin Blue eyes business travellers
Former F1 driver Niki Lauda returns to the airline race
Log Book
Strait Talk
Western ship recycling farce in which Asian workers lose out THE pantomime has come early to Britain this year, in the form of two old US naval auxiliary vessels that are in the final stages of a tow from America to Hartlepool on England's North Sea coast.
Korean port projects to go on show in S'pore, HK SOUTH Korea's government will hold roadshows in Singapore and Hong Kong to attract foreign investors to its ambitious Busan and Gwangyang container port expansions.
RCL's 9-month profit up 54% BUOYANT trade lifted Thai-listed and Singapore-managed feeder Regional Container Lines' net profit for the first nine months of 2003 by 54 per cent before unrealised currency losses.
MTL to take 70% stake in Suzhou project MODERN Terminals Ltd, the port operating arm of Wharf , said yesterday it will take a 70 per cent stake in a one billion yuan container terminal project in the Yangtze River Delta city of Suzhou, its first investment in the thriving Chinese region.
Grand Alliance cuts transpacific capacity THE Grand Alliance has cut transpacific capacity, marking the start of the Christmas lead-up slow season, suspending its fortnightly extra peak season service between Asia and the US East Coast.
Adsteam's solid outlook ADSTEAM Marine Ltd, an Australian tug-boat company, said the outlook for its ship assist operations remains 'very sound'.
Air and Land Transport
Asian airlines see 10% rise in cargo volumes this year KOREAN Air, Taiwan's China Airlines and other Asian carriers may ship 10 per cent more cargo this year because of demand for China-made electronic goods and other products.
Qantas on track to exceed financial targets
SAS chalks up 12% fall in Q3 profit
Virgin Blue eyes business travellers
Former F1 driver Niki Lauda returns to the airline race
Log Book
Strait Talk
Western ship recycling farce in which Asian workers lose out THE pantomime has come early to Britain this year, in the form of two old US naval auxiliary vessels that are in the final stages of a tow from America to Hartlepool on England's North Sea coast.
Panama steady & busy, suppliers await replenishment
FSU fuel oil exports rebound to near year-ago levels October saw a big jump in exports of fuel oil from the former Soviet Union (FSU) through ports in the Baltic and the Black Sea.
Suez firm, muted demand
Recent cargo rises fail to dent Fujairah buying interest
Canada: Vessel successfully prosecuted for 1999 oil spill "Pollution prosecutions such as this demonstrate to the international marine community that the costs for illegally discharging in Canadian waters are significant," said Transport Minister David Collenette.
Hong Kong buyers expecting market to fall back again
Survey: OPEC October output rise purely down to Iraq A 40,000 bpd fall in output from the 10 members with quotas was more than compensated for by a 270,000 bpd rise in Iraq's oil output last month, according to a Platts survey.
Montevideo & Alpha Zone market update
Construction starts on new SMIT Internationale N.V. headquarters
OPEC price band mechanism starts ticking towards next meeting If the OPEC crude basket continues to trade above $28 between now and OPEC's next ministerial meeting on December 4th, that would in fact be the 20th trading day above the target range, which should in theory trigger a 500,000 bpd output increase.
Crew saved from wreck near Bosporus THE master and 24 crew of the Georgia-flagged bulker Svyatoy Panteleymon,above , were reported safe yesterday after it broke in two north of the Bosporus Strait.
Niarchos poised to quit shipping ONE of the great Greek shipping dynasties, founded by the late Stavros Niarchos, plans to withdraw from shipping, sources close to the company confirmed yesterday.
Polembros faces 'outrageous' $5.8bn claim for Tasman Spirit oil spill POLEMBROS Shipping is facing a massive escalation in claims from the Tasman Spirittanker spill as a fresh law suit seeking almost $6bn lands in the Sindh High Court at Karachi, writes Nigel Lowry.
Golden Greek who swept to fame STAVROS Niarchos, who was born in Athens in 1909, will always be remembered as one of the "Golden Greeks" who swept to riches and fame in the post-Second World War business era.
Four 'motorways of the sea' in EC spending list of growth projects THE European Commission has identified four maritime developments across the region as part of a larger transport investment programme to be presented to EU leaders for final approval next month.
CMA CGM officer strike may spread SAILING delays on two CMA CGM vessels may spread to 10 other vessels as talks between the company and its striking officers over employment conditions remain unsolved. French crews used by CMA CGM have said delay in ship sailings could last up to four days
Ship breaks up in Bosphorus SEVERE weather is hampering attempts to contain oil from a ship that split in two after running aground in the Bosphorus late Monday morning
Ice certificate penalties costly IRREGULARITIES in Finnish 1A and 1A Super ice class certificates of 100 ships will lead to huge claims by the Finnish Maritime Administration for unpaid fairway charges
Spanish aid dependent on pay-back SPANISH shipbuilders have been given authorisation to receive EU yard subsidies, but only when they have paid back the subsidies illegally awarded in 1998
Helsinki urges fairway charge cuts HELSINKI'S city government has urged the Finnish Maritime Administration to slash cruiseship fairway charges in a bid to avoid the loss of $10M in revenue
New wrangles delay Odessa oil RUSSIAN industry sources believe the Polish government has withdrawn its support for the piping of crude oil from the Ukraine port of Odessa to the Polish refinery at Plock
Record boxship charter rates retreat Rates slip from seven-year highs, but tonnage shortage expected to boost market even higher.
Transfer pricing facing tax scrutiny Multinational companies, including shippers, freight forwarders and logistics companies, can expect to face increased scrutiny by tax regulators, according to a new survey.
EGL earnings flat in third quarter Higher airfreight rates for Asia shipments hurt margins.
Dutch dockers begin week of EU Ports Package protests All Netherlands seaports will see stoppages protesting the EU Ports Package this week, with protests by transport workers' union FNV Bondgenoten.
Security expert slams WCO for sluggish response to supply chain terror threat
RCL builds for the future as profits slump
Peak season dip in HK volumes
Modern Terminals looks north to development near Shanghai
WTO sees flat trading outlook, but 3% average hides nuances
Seaspan secures financing for nine-ship order
K Line opens representative office in river city of Wuhan
Jacksonville reopened after access channel blocked
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