2003 a tough year for local marine industry SINGAPORE's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board remains confident that growth will be achieved across the board this year.
HK container traffic down 0.9% in January HONG Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council said.
Portek signs deals worth $22m CRANE leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings that indicates the Singapore group has mended its relationship with the world's biggest terminal operator.
Wallem Group takes over Harpers Shipping HONG Kong's Wallem Group has acquired Harpers Shipping from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently.
Freight market A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday.
Air and Land Transport
Paris airport strike fallout not as bad as feared DESPITE fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day at Paris' No 2 airport, Orly, aviation authorities said.
Thai Air refinancing debt to cut forex risk
Alitalia presses govt to approve job cuts
Boeing Capital seeks nod for its Hawaiian Air revamp
Senai Airport enjoys higher sales
France deterring budget air travel?
Strait Talk
A sea of changes in industrial relations LAST week, the International Maritime Employers Committee held its annual general meeting in London.
Bulletin Board
Bulletin Board Hapag-Lloyd has appointed Kay Baden, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004.
2003 a tough year for local marine industry SINGAPORE's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board remains confident that growth will be achieved across the board this year.
HK container traffic down 0.9% in January HONG Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council said.
Portek signs deals worth $22m CRANE leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings that indicates the Singapore group has mended its relationship with the world's biggest terminal operator.
Wallem Group takes over Harpers Shipping HONG Kong's Wallem Group has acquired Harpers Shipping from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently.
Freight market A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday.
Air and Land Transport
Paris airport strike fallout not as bad as feared DESPITE fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day at Paris' No 2 airport, Orly, aviation authorities said.
Thai Air refinancing debt to cut forex risk
Alitalia presses govt to approve job cuts
Boeing Capital seeks nod for its Hawaiian Air revamp
Senai Airport enjoys higher sales
France deterring budget air travel?
Strait Talk
A sea of changes in industrial relations LAST week, the International Maritime Employers Committee held its annual general meeting in London.
Bulletin Board
Bulletin Board Hapag-Lloyd has appointed Kay Baden, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004.
2003 a tough year for local marine industry SINGAPORE's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board remains confident that growth will be achieved across the board this year.
HK container traffic down 0.9% in January HONG Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council said.
Portek signs deals worth $22m CRANE leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings that indicates the Singapore group has mended its relationship with the world's biggest terminal operator.
Wallem Group takes over Harpers Shipping HONG Kong's Wallem Group has acquired Harpers Shipping from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently.
Freight market A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday.
Air and Land Transport
Paris airport strike fallout not as bad as feared DESPITE fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day at Paris' No 2 airport, Orly, aviation authorities said.
Thai Air refinancing debt to cut forex risk
Alitalia presses govt to approve job cuts
Boeing Capital seeks nod for its Hawaiian Air revamp
Senai Airport enjoys higher sales
France deterring budget air travel?
Strait Talk
A sea of changes in industrial relations LAST week, the International Maritime Employers Committee held its annual general meeting in London.
Bulletin Board
Bulletin Board Hapag-Lloyd has appointed Kay Baden, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004.
2003 a tough year for local marine industry SINGAPORE's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board remains confident that growth will be achieved across the board this year.
HK container traffic down 0.9% in January HONG Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council said.
Portek signs deals worth $22m CRANE leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings that indicates the Singapore group has mended its relationship with the world's biggest terminal operator.
Wallem Group takes over Harpers Shipping HONG Kong's Wallem Group has acquired Harpers Shipping from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently.
Freight market A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday.
Air and Land Transport
Paris airport strike fallout not as bad as feared DESPITE fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day at Paris' No 2 airport, Orly, aviation authorities said.
Thai Air refinancing debt to cut forex risk
Alitalia presses govt to approve job cuts
Boeing Capital seeks nod for its Hawaiian Air revamp
Senai Airport enjoys higher sales
France deterring budget air travel?
Strait Talk
A sea of changes in industrial relations LAST week, the International Maritime Employers Committee held its annual general meeting in London.
Bulletin Board
Bulletin Board Hapag-Lloyd has appointed Kay Baden, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004.
Boost for ECO Phoenix cargo trade through new terminal ECO Phoenix's deputy general manager, Vladimir Gryzlov, said: "Our new terminal, opened in late November, significantly strengthens ECO Phoenix's position as a player in the cargo trades to North European bunkering centres and as a supplier of straight-run HFO for North West European refineries."
Oversupply fears weigh on Asian fuel oil markets Mounting supply in southern China's key Huangpu fuel oil hub combined with expectation of several arbitrage cargoes headed for Asia in March were weighing down the region's fuel oil markets today. However, a source close to the Singapore cargo market told Bunkerworld that several recent VLCC fixtures for fuel oil cargoes from Latin America to Singapore had been cancelled.
Demand picks up on steady East Coast
Heavily congested Fujairah runs short on avails again Overall product levels are not about to get any better in Fujairah, with players becoming increasingly heavily committed in the port again.
Tight and congested Hong Kong sees no improvement A re-supply cargo is expected at the end of this week, but with the majority of Hong Kong's product currently heavily committed, it looks likely that most of the new product will also be spoken for.
Uruguay: Market update and holiday notice
Brazilian market update
DNVPS announces retirement of Rex Lim and new MD DNV Petroleum Services (DNVPS) today announced that Rex Lim has retired after 18 years of service, with Per Holmvang succeeding him as the company's managing director. The new MD said Lim, who has been credited for growing DNVPS into a multi-national business and global leader in the field of marine fuel testing services, would be "a tough act to follow".
Pride of America is afloat again Damaged cruise newbuilding is back in dry dock
ENSCO orders premium jackup from Keppel FELS Will exchange three ENSCO rigs and $55 million of cash for the construction of a new high performance premium jackup rig.
Promotions at NASSCO Janice Grace becomes SVP Operations
CP ships announces succession plan Ray Miles to becomes Chairman and Frank Halliwell CEO
SCR for products tankers Munters systems ordered for Brostroms vessels building in China
European box ports facing gridlock says Wang OOCL has voiced serious worries that European container terminals will be unable to accommodate the future growth of the box business, as they are already very congested.
Titan becomes south east Asian bunker giant after buying Neptune for $103m TITAN Holdings has overnight become a major player in the south east Asian oil transport and bunkering businesses with the $103m acquisition of Neptune Associated Shipping.
Sale marks NOL's exit from tanker shipping THE sale of Neptune Associated Shipping for an $8m profit marks Neptune Orient Lines' exit from tanker shipping, writes Marcus Hand in Singapore.
Stena tries to salvage part of Irish Sea ferry deal with P&O SWEDISH ferry giant Stena Line is still in talks with rival P&O to salvage the half of its Irish Sea deal that did not hit opposition a fortnight ago from the UK's competition watchdog, it emerged yesterday.
Hit and run ship named FRENCH TV channel LCI has accused the Filipino-flagged Seattle Trader of sinking French trawler Bugaled Breizh, killing all five fishermen
Government demands Rotterdam share IN a surprise move, the Dutch government has demanded a majority shareholding in Rotterdam Municipal Port Management, which is currently held by Rotterdam
Divers fix Stena Nautica's hull DIVERS are working in the Swedish port of Varberg to weld steel plates on the hull of the Stena Nautica, which was involved in a collision with a Polish vessel yesterday
Italian regions demand bigger say THE Italian regions have presented a bill to the parliament's Transport Committee, which would give them more power on ports issues
ISS expands Antwerp operation INCHCAPE Shipping Services (ISS) has boosted its Antwerp operations with the acquisition of the Ancon intermodal depot
Drop in new tonnage drives 2004 ODFJELL, the chemical carrier and tank terminals group has forecast a strong year, citing the slowing down of new tonnage coupled with increased demand
Strike looms at CN About 5,800 Canadian National Railway workers, after rejecting a tentative labor agreement negotiated by their leadership, are set to strike at 12.01 a.m. Friday.
EU takes 'zeroing' case to WTO The European Union asked the World Trade Organization to investigate U.S. methods of calculating anti-dumping duties on hundreds of millions of dollars of European exports, further straining trans-Atlantic relations.
Coast Guard probes ship collision Three ships involved in a collision Sunday in the Kill Van Kull remain anchored in New Jersey and Staten Island
CSX World Terminals unit secures financing for China project
Revenue, business soar at TradeCard
Shippers, carriers get security break in Malaysia
NOL exits tanker business
Exel to acquire Japanese company
EU passes bill to crack down on foreign airline subsidies
Grand Alliance confirms Ceres Paragon interest Concerns over the ability of Europe's leading ports to cope with the demands set by mega-vessels has led the Grand Alliance (GA) to consider using Amsterdam's controversial Ceres Paragon Terminal (CPT).
Germany ditches Toll Collect Germany's transport minister Manfred Stolpe announced this morning that he was terminating the contract with the consortium Toll Collect after an eleven-hour overnight negotiation session and months of technical problems.
Arctic wind blows freight off the rails
Canadian intermodal strike looms as staff reject negotiated agreements
USCG warns foreign carriers over security assessments
Port of Hamburg picks up 26% stake in JNPT bidding consortium
MTL to take 65% stake in new Shenzhen project
CMA CGM North Africa Service extended
Lyttelton container trade recovers as reforms take hold
Customer loss sends Dutch agent into administration
Crude tanker refused entry Cyprus flag aframax crude tanker "Eurydice" of 94,941 DWT, commercially managed by Jahre Dahl Bergesen in Sandefjord, Norway, was refused ...
Statoil and K-Line in coastal LNG Norwegian oil company Statoil and Japanese owners K-Line have joined forces to study coastal LNG transportation when deliveries from ...
"Stena Nautica" out of service for at least two months - costly salvage and repair According to the first estimates, repairs of the collision-stricken ferry "Stena Nautica" will take at least eight weeks. Engine ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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