Top Japan lines turn in huge Q1 profits JAPANESE shipping lines said their sales and profits in the three months to June jumped as rising cargo volumes and freight rates, triggered by robust trade with China, offset higher fuel costs.
10% of ports yet to comply with ISPS ABOUT 10 per cent of the world's port facilities still do not comply with the International Maritime Organisation's new security requirements over five weeks after they came into effect.
Crude exports from Basra port hit full capacity of 2m bpd IRAQ is loading crude at a rate of two million barrels per day from its vital Basra Oil Terminal yesterday, a level last hit several months ago before sabotage spread to the south and dented exports.
Xiamen Port says IPO under study, denies HK filing XIAMEN Port Affairs Co, which runs China's seventh-largest container port, said a first time share sale is still in the discussion stage, denying a report that the company has filed a listing application with Hong Kong regulators.
Over a dozen African migrants die trying to reach Italy by sea MORE than a dozen Africans died trying to reach Italy in a broken-down and overcrowded boat, but more than 70 survivors were rescued by a passing freighter on Saturday and brought to Sicily early on Sunday, the Italian police said.
Air and Land Transport
BA to raise fuel fee for long-haul flights BRITISH Airways Plc, Europe's second-largest airline, plans to more than double the fuel surcharge on long-haul flights because of rising oil prices.
Hindustan Aeronautics wins 3.8b rupee Airbus contract
Cyprus keeps closer watch on airport
Pen-shaped gun seized at airport
MAS to start 6 new flights to India, China
China's Hainan Airlines in talks to buy troubled Malev
Top Japan lines turn in huge Q1 profits JAPANESE shipping lines said their sales and profits in the three months to June jumped as rising cargo volumes and freight rates, triggered by robust trade with China, offset higher fuel costs.
10% of ports yet to comply with ISPS ABOUT 10 per cent of the world's port facilities still do not comply with the International Maritime Organisation's new security requirements over five weeks after they came into effect.
Crude exports from Basra port hit full capacity of 2m bpd IRAQ is loading crude at a rate of two million barrels per day from its vital Basra Oil Terminal yesterday, a level last hit several months ago before sabotage spread to the south and dented exports.
Xiamen Port says IPO under study, denies HK filing XIAMEN Port Affairs Co, which runs China's seventh-largest container port, said a first time share sale is still in the discussion stage, denying a report that the company has filed a listing application with Hong Kong regulators.
Over a dozen African migrants die trying to reach Italy by sea MORE than a dozen Africans died trying to reach Italy in a broken-down and overcrowded boat, but more than 70 survivors were rescued by a passing freighter on Saturday and brought to Sicily early on Sunday, the Italian police said.
Air and Land Transport
BA to raise fuel fee for long-haul flights BRITISH Airways Plc, Europe's second-largest airline, plans to more than double the fuel surcharge on long-haul flights because of rising oil prices.
Hindustan Aeronautics wins 3.8b rupee Airbus contract
Cyprus keeps closer watch on airport
Pen-shaped gun seized at airport
MAS to start 6 new flights to India, China
China's Hainan Airlines in talks to buy troubled Malev
Bullish analysts contradicted by former OPEC chief Former Saudi oil minister Sheikh Ahmed Zaki Yamani has blamed speculators for driving crude oil prices to new highs, while analysts have predicted that oil prices could rise further.
Yukos oil shipments 'safe for now' Market remains uncertain about future of Russian oil giant as good news has often been followed by bad.
Rotterdam market easing with crude
Force majeure 'virtually lifted' on LG Caltex exports August product exports seen returning to normal after strike ends.
China: Commercial oil products tankage to double in 2 years Independents lead the way in tankage investment in China as surging fuel oil imports demand more space.
CP Ships reveals profits hit by accounts error CONTAINER line CP Ships yesterday admitted an accounting systems blunder that will erase up to $40m from its net profits between 2002 and the first quarter of this year.
OMI fined $4.2m for waste oil cover-up CONNECTICUT-based OMI Corp has had its reputation sullied and its wallet lightened to the tune of $4.2m after a federal judge passed sentence on the tanker owner for illegally concealing the dumping of thousands of gallons of waste oil and sludge at sea.
Satellite experts try to track down origin of giant waves SATELLITE technology has helped to establish the existence of giant rogue waves and is now being used to try and understand their origins in a bid to forecast where they will next occur.
Rowers saved after freak wave destroys their boat FOUR British rowers are safe in Ireland after a freak wave smashed their boat Pink Lady during an Atlantic crossing record attempt, writes Martyn Wingrove.
Strike threat hangs over key ABP ports THE threatened dockers' pay and conditions strike at Associated British Ports will concentrate on three or four key locations if it goes ahead, both sides privately admitted yesterday.
ABP dock strike prospect THE UK'S Transport & General Workers Union (TGWU) has raised the prospect of the first national dock strike in the UK for 14 years, with a ballot for industrial action among its members within ABP, the country's largest port operator
Security threats stops Iraq oil IRAQ stopped pumping from southern oil fields today as a precaution because of the violent Shiite uprising sweeping many parts of the country
WTSA lines to raise box holding fee CONTAINER shipping lines operating from the US to Asia plan to increase terminal holding fees for containers, effective 1 September
CP Ships owns up to profit plunge DEFICIENCIES in former financial accounting systems has resulted in CP Ships reducing its profit figures by between $43M and $48M
Mindanao still stalled THE only partial operation of the Philippines' Mindanao Container Terminal (MCT) project, which is facing a court injunction suit, has started to take its toll
Minister promises to lift blockade RUSSIA'S new transport minister has promised to lift the Russian military blockade that has halted oil export and other civilian operations at Kaliningrad's eastern port, Baltysk
TUI settles down as Hapag-Lloyd market-float speculation answered Shares in Hapag-Lloyd parent TUI have settled slightly lower since speculation forced the company to announce results early on Friday.
OOIL navigates 238% profit-surge, with analyst report spying more surges ahead
Ballotting transport union sees consolidation in UK ports
Seatrans takes Schoeller contracts and orders vessel in turkey Seatrans, the Bergen-based chemicals and forest products carrier, will take two of a series of 8,500 DWT chemical tankers ...
Two more ferry oldies to the breakers Two former Scandinavian veteran ferries have been sold to breakers after only a few years work in the Middle East ...
OVDS convicted of defraud Ofoten og Vesteraalens Dampskibsselskap (OVDS), one of two companies operating the Coastal Express from Bergen to Kirkenes has been found ...
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
