Pirate attacks will lead to disaster in Malacca Straits IT is only a matter of time before gangs of heavily armed pirates in the Malacca Straits cause an environmental disaster, warned the ICC International Maritime Bureau yesterday as it revealed record attacks worldwide, with Indonesian waters remaining the most dangerous.
Booming Chinese exports to US boost earnings of shipping firms CHINA, home to one-fifth of the world's population and the fifth-biggest trader of goods, filled 31 per cent of all container ships headed to the US last year, up from less than 5 per cent in 1990.
India defers sale of state shipping carrier INDIA has postponed plans to privatise Shipping Corp of India, its largest shipping line, due to petitions in various courts opposing its sale, the disinvestment minister said.
Royal Caribbean's Q3 profit slips ROYAL Caribbean Cruises, the world's second largest cruise group, reported a decline in third quarter profit and said that fourth quarter bookings were slightly weaker than expected.
Air and Land Transport
Americans asked to defer travel to Saudi Arabia THE United States said yesterday that it had credible information of a threat of attacks on aviation and other Western interests in Saudi Arabia.
Gulf Arab state to privatise airports
Boeing sees US$50b UK market for jets over 10yrs
Ceasefire to lift SriLankan Airlines to first-ever profit
Air Philippines likely to be turned into budget carrier
Demand still below pre-Sars level, says Northwest
Strait Talk
Do member states want European Union to join IMO? FOR over a decade the urbane Canadian William O'Neil guided the International Maritime Organization through some difficult times.
Pirate attacks will lead to disaster in Malacca Straits IT is only a matter of time before gangs of heavily armed pirates in the Malacca Straits cause an environmental disaster, warned the ICC International Maritime Bureau yesterday as it revealed record attacks worldwide, with Indonesian waters remaining the most dangerous.
Booming Chinese exports to US boost earnings of shipping firms CHINA, home to one-fifth of the world's population and the fifth-biggest trader of goods, filled 31 per cent of all container ships headed to the US last year, up from less than 5 per cent in 1990.
India defers sale of state shipping carrier INDIA has postponed plans to privatise Shipping Corp of India, its largest shipping line, due to petitions in various courts opposing its sale, the disinvestment minister said.
Royal Caribbean's Q3 profit slips ROYAL Caribbean Cruises, the world's second largest cruise group, reported a decline in third quarter profit and said that fourth quarter bookings were slightly weaker than expected.
Air and Land Transport
Americans asked to defer travel to Saudi Arabia THE United States said yesterday that it had credible information of a threat of attacks on aviation and other Western interests in Saudi Arabia.
Gulf Arab state to privatise airports
Boeing sees US$50b UK market for jets over 10yrs
Ceasefire to lift SriLankan Airlines to first-ever profit
Air Philippines likely to be turned into budget carrier
Demand still below pre-Sars level, says Northwest
Strait Talk
Do member states want European Union to join IMO? FOR over a decade the urbane Canadian William O'Neil guided the International Maritime Organization through some difficult times.
Pirate attacks will lead to disaster in Malacca Straits IT is only a matter of time before gangs of heavily armed pirates in the Malacca Straits cause an environmental disaster, warned the ICC International Maritime Bureau yesterday as it revealed record attacks worldwide, with Indonesian waters remaining the most dangerous.
Booming Chinese exports to US boost earnings of shipping firms CHINA, home to one-fifth of the world's population and the fifth-biggest trader of goods, filled 31 per cent of all container ships headed to the US last year, up from less than 5 per cent in 1990.
India defers sale of state shipping carrier INDIA has postponed plans to privatise Shipping Corp of India, its largest shipping line, due to petitions in various courts opposing its sale, the disinvestment minister said.
Royal Caribbean's Q3 profit slips ROYAL Caribbean Cruises, the world's second largest cruise group, reported a decline in third quarter profit and said that fourth quarter bookings were slightly weaker than expected.
Air and Land Transport
Americans asked to defer travel to Saudi Arabia THE United States said yesterday that it had credible information of a threat of attacks on aviation and other Western interests in Saudi Arabia.
Gulf Arab state to privatise airports
Boeing sees US$50b UK market for jets over 10yrs
Ceasefire to lift SriLankan Airlines to first-ever profit
Air Philippines likely to be turned into budget carrier
Demand still below pre-Sars level, says Northwest
Strait Talk
Do member states want European Union to join IMO? FOR over a decade the urbane Canadian William O'Neil guided the International Maritime Organization through some difficult times.
Ecuador: Navipac achieves ISO 9001:2000 certificate
Taiwan's posted IFO prices increasingly sensitive Is the Taiwanese bunker market's new sensitive side indicative of a maturing industry in the country?
Brisk business sees large draws on Hong Kong's IFO stocks
Soft Suez sees healthy demand
Crude slides in thin trade as traders await US data Expectations ahead of the weekly report from the US on crude and oil product stocks are rather mixed.
OPEC crude basket on the brink of falling into target range The OPEC crude basket stood at $28.12 per barrel yesterday, the 13th consecutive trading day above the group's $22 to $28 target range. With crude prices looking around 20 cents softer this morning, the OPEC crude basket may fall back within the target range today.
Brussels delivers blueprint for the future of European shipbuilding EUROPE'S E 34bn-a-year shipbuilding industry got what it had been pleading for yesterday, as the European Commission presented 'Leadership 2015', the report designed to shape the future of regional ship construction and repair.
Israel allows Zim to be split in two THE Israeli government has taken action to unblock the stalled privatisation of Zim Israel Navigation Co by allowing any future buyer to split the line in two.
Lack of subsidy blamed for Sietas-Werft layoffs HAMBURG'S Sietas-Werft is to slash its workforce by 200 over the next year, blaming uncompetitive prices after Hamburg's failure to pay out the full volume of subsidies allowed.
Rivals stunned by 7.5% increase BUOYED by surging reserves, Gard P&I Club has stunned the shipowners' liability sector by announcing a general increase for February 2004 of only 7.5%, writes James Brewer.
Gard buys If marine and energy in boost to Lloyd's challenge GARD P&I Club, the industry's second biggest shipowners' liability association, is to take control of the marine and energy insurance portfolio already managed by its service company in a $30m deal.
Nigerian ports authority faces probe A FULL-scale financial investigation into the Nigerian National Ports Authority (NPA), where the entire executive management and board was replaced in a shake up last week appears imminent after banks were asked to freeze all bank accounts held in its name
Taca to raise rates EASTBOUND rates for the seven container lines that form the Transatlantic Conference Agreement (TACA) will rise in January 2004, after a planned 1 October rise failed
Polembros battles PNSC GREEK operator Polembros has refused to rule out taking further action against Pakistan National Shipping Corp (PNSC) in the increasingly acrimonious legal battle
Gard acquires If's marine buiness GARD, the P&I club based in Arendal, Denmark, is to acquire the marine and energy businesses of the Scandinavian non-life insurer If
US fine-tunes box security THE US plans to speed up its container screening program at overseas ports, while at the same time lowering screening security requirements at US terminals
US proposes new spill framework US LEGISLATORS are looking to make charterers responsible for oil pollution caused by the tonnage that they fix says a Democratic staffer
So. Cal. flights recovering despite fires Airline operations returning to normal, but parcel delivery services still snarled.
Charge PMA freezing out reefer cargo The San Diego Unified Port District alleges that members of the Pacific Maritime Association have lowered the priority for unloading refrigerated cargo, putting the port at a competitive disadvantage.
ANL adds fourth loop to USA service Australia National Line launches all-water service from China and South Korea to the U.S. East Coast.
Atlantic eastbound January GRI a 'joke' says carrier A shipping line has branded the latest conference tariff rate increases on the eastbound Atlantic trades a 'joke' following an announcement of a January increase today.
Boxship surge on all water Asia/US route sees Panama Canal revenues soar The Panama Canal Authority (APC) has reported a 60.3% rise in containership tonnage taking the Asia-US East Coast (USEC) all-water route, reflecting increased efficiency and the route's growing popularity.
'Save JNPT,' CSLA tells Indian government
Simatech and Orient Express launch Tuticorin-Jebel Ali service
ECT cranks up Maasvlakte capacity
Switzerland and Austria sign bi-lateral rail deal
Hupac acquires 10% share in Duisburg Intermodal Terminal
Croatia looks to shift freight onto inland waterways
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