Insurers may class Indon piracy attacks as terrorism PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.
Air and Land Transport
Air Canada's net loss reaches C$263m in Q3 A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips
Admiralty Casebook
Hanjin not liable for loss of container in unsecured yard A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.
Insurers may class Indon piracy attacks as terrorism PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.
Air and Land Transport
Air Canada's net loss reaches C$263m in Q3 A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips
Admiralty Casebook
Hanjin not liable for loss of container in unsecured yard A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.
Insurers may class Indon piracy attacks as terrorism PIRATE attacks off Indonesia's war-torn Aceh province can be labelled terrorist attacks by marine insurers, leaving shipowners in the dangerous position of lacking adequate insurance coverage, according to a senior marine insurer.
SSC sees profit boost on higher charter rates SINGAPORE Shipping Corporation expects a bottom line boost from soaring charter and freight rates for at least the next 18 months, despite an 18 per cent fall in profits for the first half of its 2004 financial year.
France, Spain mull joint probe into Prestige spill FRENCH and Spanish judges are considering merging their separate probes into last year's Prestige oil spill disaster and launching a joint lawsuit, officials said.
Captain fired for refusing to aid NY ferry crash inquiry CITY officials on Wednesday fired the captain of the Staten Island ferry that plowed into a pier last month, killing 10 people, because they say he refused to cooperate with investigators.
Asbestos found on UK ship being broken up INDIAN anti-pollution authorities said a British ship that has docked on the western coast for ship-breaking contains potentially dangerous asbestos fittings.
Air and Land Transport
Air Canada's net loss reaches C$263m in Q3 A big drop in international traffic following the Sars outbreak in Toronto and Asia pushed Air Canada deep into the red in the third quarter as it worked to emerge from bankruptcy protection, the carrier said on Wednesday.
Delays likely as Aussie pilots protest new air traffic rules
Hong Kong, UK reach deal to expand air services
Bank to provide loans for Beijing airport expansion
Lufthansa's cargo arm sees sales rising next year
Narita's int'l traffic dips
Admiralty Casebook
Hanjin not liable for loss of container in unsecured yard A CARRIER that transported a container under an intermodal waybill involving both sea and land transport has appealed successfully against a US district court ruling holding it responsible for the loss of the container while it was in a yard after a customs inspection.
OPEC gets off the price-band hook again Without the fall below $28 for one single day, the 20-day period may well have been reached as of December 4th, the day of OPEC's next meeting to discuss production levels.
Istanbul: Fire on idle storage vessel The Melike Ince, an old single-hull tanker used as floating storage in Istanbul, became the centre of some controversy in July 2002 when local customs authorities seized it for alleged irregularities.
Island Oil/Tramp Oil agency agreement terminated
Bearish Japanese numbers not enough to tempt business back
Crude strength fails to push Singapore up as stocks rise The weekly report from International Enterprise out today showed that Singapore's on-shore stocks of residual fuel rose 565,000 barrels over the past week.
Italian numbers rebound after soft and sluggish period
Rotterdam steady at noon
'Favourable' Venezuelan fuel oil deals come under scrutiny Authorities in Venezuela and the US are reportedly looking into fuel oil deals between Venezuela's state-owned oil company PDVSA and a handful of international trading firms, including bunker operators. According to the Wall Street Journal, investigations were set in motion after a series of transactions which are said to have cost Venezuela tens of millions of US dollars in lost revenues.
Croatia pulls the plug on Viktor Lenac Croatia's outgoing government refused further backing for Viktor Lenac yesterday, plunging the nation's only private sector shipyard towards insolvency and leaving its successors with the task of mounting any rescue package from scratch.
Financial institutions join freight derivative party FINANCIAL institutions are piling into the freight derivatives market ahead of another expected surge in rates, writes Neville Smith.
Poland's Gryfia seeks European partnership to boost repair capability SZCZECIN Ship Repair Yard Gryfia is looking to form a new international partnership with western European interests that will significantly upgrade its repair capability, writes Hugh O'Mahony.
Tragedy as DR Congo ferries collide AT least 100 people are reported to have died and a further 600 are still missing following a collision between two small ferries on Lake Mayi Ndombe in the Democratic Republic of Congo
Waste management in the spotlight THE shiprepair industry should prepare for stricter enforcement of waste management legislation, a lawyer warned conference delegates today
Freight drives DFDS to 3Q profit DFDS has posted a third quarter pre-tax profit of DK224M ($34.5M), with increases in its freight business making up for a decline in cruise ferry activity
Finns urged to match Estonians THE Finnish Shipowners' Association has welcomed government moves to bring crewing costs down to Swedish levels, but urged unions to match Estonia
Repair choice will be limited SHIPOWNERS' choice of repair yard could become restricted after July 2004 when the ISPS Code enters force, a consultant warned yesterday
French tonnage tax 'by end of year' FRANCE is to introduce the long-awaited tonnage tax before the end of the year, the ministry of transport said yesterday
P&O Group and Royal Nedlloyd restart sale negotiations with CP Ships CP Ships re-opened negotiations with the shareholders of P&O Nedlloyd (PONL) last week and is now looking for a 40% share of the company, according to high level sources.
China/Australia boom continuing Demand for the China/Australia route is still exceeding supply and carriers are forecasting a continuation in 2004, saying high charter rates and scarce tonnage leave owners with few fleet options.
Cuts in S.Korea's port facility usage fees to be extended
Record Sydney Port throughput boosts rail volumes
Waigaoqiao Port develops Shanghai's future
N.Korea to build container port
OECD recovery forecast coincides with FEFC rate rise
DFDS Tor Line institutes German barge route with UK connections
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