Batam container port project draws PSA, others MAJOR shipping lines and terminal operators including PSA Corporation are among those interested in the concession to design, build and operate a US$105 million container port on Indonesia's Batam Island, a Batam official said yesterday.
Volumes at Indon terminals to double: Portek SINGAPORE-listed container crane leasing, engineering and terminal operations group Portek International expects container throughput at two of its Indonesian terminals to more than double in 2004, and is eyeing undeveloped ports in China and North Africa.
P&O steams back to profit, but reviewing ferries ops BRITISH ports and ferries company P&O returned to profit at the pre-tax level in 2003, and said yesterday its ports business made a good start to the year but it was reviewing its ferries operations amid tough trading.
Port operator AusBulk plans listing as merger talks fail SOUTH Australian port operator and grains handler AusBulk Ltd said it plans to list on the Australian Stock Exchange later this year after merger talks with exporter ABB Grain Ltd fell through.
Shipwreck porcelain fetches over A$2m RARE porcelain recovered from a shipwreck off Vietnam after 400 years has been sold for more than A$2 million dollars in Australia, auction house Christie's said on Thursday.
Air and Land Transport
Airbus freezing spare parts prices AIRBUS SAS, which last year overtook Boeing Co in commercial plane deliveries, is freezing the price of spare parts it sells to airlines to help its customers lower costs, as it tries to win more plane orders.
American, Airbus blame each other for 2001 New York crash
Propellers reversed before Iranian plane crash: UAE
Cathay may ally with oneworld for fuel purchase
THAI puts plan to buy second-hand planes on hold
BA passenger traffic up 7% in Feb
Admiralty Casebook
Charter extension by off-hire and option days upheld THE Court of Appeal in England last month upheld the decision of a lower court that the time charterers of a vessel could extend the charter by the number of days the vessel was off-hire and a 15-day option period provided for in the charter party.
Batam container port project draws PSA, others MAJOR shipping lines and terminal operators including PSA Corporation are among those interested in the concession to design, build and operate a US$105 million container port on Indonesia's Batam Island, a Batam official said yesterday.
Volumes at Indon terminals to double: Portek SINGAPORE-listed container crane leasing, engineering and terminal operations group Portek International expects container throughput at two of its Indonesian terminals to more than double in 2004, and is eyeing undeveloped ports in China and North Africa.
P&O steams back to profit, but reviewing ferries ops BRITISH ports and ferries company P&O returned to profit at the pre-tax level in 2003, and said yesterday its ports business made a good start to the year but it was reviewing its ferries operations amid tough trading.
Port operator AusBulk plans listing as merger talks fail SOUTH Australian port operator and grains handler AusBulk Ltd said it plans to list on the Australian Stock Exchange later this year after merger talks with exporter ABB Grain Ltd fell through.
Shipwreck porcelain fetches over A$2m RARE porcelain recovered from a shipwreck off Vietnam after 400 years has been sold for more than A$2 million dollars in Australia, auction house Christie's said on Thursday.
Air and Land Transport
Airbus freezing spare parts prices AIRBUS SAS, which last year overtook Boeing Co in commercial plane deliveries, is freezing the price of spare parts it sells to airlines to help its customers lower costs, as it tries to win more plane orders.
American, Airbus blame each other for 2001 New York crash
Propellers reversed before Iranian plane crash: UAE
Cathay may ally with oneworld for fuel purchase
THAI puts plan to buy second-hand planes on hold
BA passenger traffic up 7% in Feb
Admiralty Casebook
Charter extension by off-hire and option days upheld THE Court of Appeal in England last month upheld the decision of a lower court that the time charterers of a vessel could extend the charter by the number of days the vessel was off-hire and a 15-day option period provided for in the charter party.
Batam container port project draws PSA, others MAJOR shipping lines and terminal operators including PSA Corporation are among those interested in the concession to design, build and operate a US$105 million container port on Indonesia's Batam Island, a Batam official said yesterday.
Volumes at Indon terminals to double: Portek SINGAPORE-listed container crane leasing, engineering and terminal operations group Portek International expects container throughput at two of its Indonesian terminals to more than double in 2004, and is eyeing undeveloped ports in China and North Africa.
P&O steams back to profit, but reviewing ferries ops BRITISH ports and ferries company P&O returned to profit at the pre-tax level in 2003, and said yesterday its ports business made a good start to the year but it was reviewing its ferries operations amid tough trading.
Port operator AusBulk plans listing as merger talks fail SOUTH Australian port operator and grains handler AusBulk Ltd said it plans to list on the Australian Stock Exchange later this year after merger talks with exporter ABB Grain Ltd fell through.
Shipwreck porcelain fetches over A$2m RARE porcelain recovered from a shipwreck off Vietnam after 400 years has been sold for more than A$2 million dollars in Australia, auction house Christie's said on Thursday.
Air and Land Transport
Airbus freezing spare parts prices AIRBUS SAS, which last year overtook Boeing Co in commercial plane deliveries, is freezing the price of spare parts it sells to airlines to help its customers lower costs, as it tries to win more plane orders.
American, Airbus blame each other for 2001 New York crash
Propellers reversed before Iranian plane crash: UAE
Cathay may ally with oneworld for fuel purchase
THAI puts plan to buy second-hand planes on hold
BA passenger traffic up 7% in Feb
Admiralty Casebook
Charter extension by off-hire and option days upheld THE Court of Appeal in England last month upheld the decision of a lower court that the time charterers of a vessel could extend the charter by the number of days the vessel was off-hire and a 15-day option period provided for in the charter party.
Update: Singapore cargo influx could see bunker 'premiums flip' Reports of up to 5.5 million tonnes of fuel oil due to arrive in Singapore in late March and early April were greeted with caution by players in the bunker market today
Singapore suppliers split on pricing in confused market There was a huge spread between the lows and highs offered in the Singapore bunker market today. Some players quoted aggressively in anticipation of a softer market next week, while others were spooked by the fact that fuel oil cargo prices didn't come off today despite last night's sharply lower WTI crude close.
Demand falling with indications in Japan
Singapore oil product stocks sharply higher The latest weekly figures from International Enterprise (IE) show that Singapore's stocks of residual fuels have hit an eight-week high, while middle distillates surged to their highest level in 16 weeks. The figures pointed to continued bearish fuel oil fundamentals and an end to the bullish regional gas oil market.
Italian demand wanes with softer IFOs
'First' double-hulled barge due in late April Singapore-based supplier and barge operator Sentek Marine & Trading (Pty) Ltd confirmed today that it is close to launching the first bunker barge of around 130 in the world's largest bunkering hub to have a double hull.
Transmed special link with Bohai yields scarce space for bulkers GREEK bulker operator Transmed Shipping claims to have clinched special privileges with a Chinese shipyard to further a newbuilding spree that promises to revamp a fleet that was hit by the Christopher capesize tragedy two years ago.
Chosen Voyage selects Wind Surf for the world's first all-kosher cruises ONE of the best-known of all Jewish in-jokes takes the ritual passover invocation "next year in Jerusalem!" and tacks on the punchline: "And the year after that, how about a nice cruise?"
P&O reviews future of ferry business in bid to stem losses The move comes just a few months after P&O Ferries disclosed it was axeing more than 600 jobs on its Dover-Calais route as part of a restructuring exercise designed to strip out £15m of costs.
Bank deal to fund China's shipbuilding ON A day when leading analysts predicted surging imports to feed China's steel industry would drive freight markets to 2010, Norwegian bank Nordea revealed a new formal relationship with the Import and Export Bank of China to finance new shipbuilding projects.
SNCM in financial crisis FRENCH ferry operator SNCM has revealed that strike action currently paralysing its Corsica services is costing the company '200,000 ($240,000) a day
Schichau workers go into print WORKERS at struggling German shipbuilder and repairer Schichau Seebeck have taken space in a Bremerhaven newspaper urging the local government for financial support
PONLs Green slams mediocre managers P&O Nedlloyd chief executive Philip Green criticised the company's management for its mediocre performance at a press briefing in Amsterdam this morning
Safmarine starts S American link SAFMARINE'S new fortnightly West Africa-South America Direct service starts in two weeks' time
Superferry 14 salvage begins SUPERFERRY 14 salvors have begun pumping bunker oil to prevent an oil spill and prepare the ship for the salvage operation
P&O to review ferry activity IN the face of a '40M ($73.2M) loss on its ferry operations, P&O has launched a "wide ranging business review" into its ferry activities to be completed in the summer
P&O charts profitable course The parent of the world's fourth-largest container carrier swung to a profit in 2003 on soaring volumes, improving freight rates, and resurgent business at its ports division.
Senate opens debate on repealing export program
Customs delays air-cargo advance filing
DOT begins hours-of-service enforcement
Panama Canal launches e-filing
Ceres promotes Lesnevich to head NY-NJ ports
FedEx plans Miss. distribution hub
SAS adds capacity on Copenhagen-to-Shanghai service
Fear of floating focuses PONL on job at hand P&O Nedlloyd's (PONL) new CEO Philip Green said today that the line's 'level of profit is unacceptable' even though there had been a 'US$300million turnaround on the bottom line'.
Angry Lines rail at early Part X review
P&O and Royal Nedlloyd results confirm different course-headings
Lengthy vessel delays prompt Mombasa surcharge
Third Railway Package to stop decline in railfreight
Rickmers-Linie and Sinotrans sign partnership
NYK and Xpress Container Lines join together to reorganise Portugal services
Cochin port clears draft license agreement for hub port
Shell/Sannes and WWL in major low sulphur oil deal Shell will deliver between 200,000 and 300,000 tons of low sulphur bunker oil to Wallenius Wilhelmsen Lines. Deliveries will be ...
EP report slams member states on maritime safety In a draft report, due to be debated in the European Parliament temporary committee on maritime safety, MP Dirk Sterckx ...
"Stena Nautica" to be repaired in Poland SSG has learned that "Stena Nautica" will be towed to Remontowa Shiprepair yard in Poland for extensive repairs, following the ...
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