Evergreen forecast to turn in profit TAIWAN's Evergreen Marine Corp, Asia's largest container shipping line by fleet size, may turn in a second quarter profit, joining the main Japanese and other East Asian lines benefitting from a global economic recovery which boosted demand for shipments to Europe and North America.
ICTS profit doubles in first half PHILIPPINES-based International Container Terminal Services Inc reported doubling of its net profit for the first six months of 2004, boosted by its Polish and Brazilian terminal subsidiaries.
Keppel Cebu yard accident: findings out INITIAL findings by labour authorities in the Philippines have pointed to a lack of coordination between subcontractors and their workers as the cause of an accident at the Keppel Cebu Shipyard in the Philippines last month.
HK port traffic up 14.9% in July TRAFFIC through Hong Kong, the world's busiest container port, rose 14.9 per cent in July, but lagged the increase in the neighbouring mainland Chinese city of Shenzhen, where costs are lower.
Port Shots LONDON PD Ports, a maritime and freight-forwarding services company, said profit rose for the three months ended June 30, as it made more money from property.
Air and Land Transport
Thai Airways surprises with Q3 loss of 836m baht STATE-owned Thai Airways International surprised the market on Monday with a third-quarter net loss despite improved passenger traffic, and now higher fuel prices has clouded the earnings outlook.
BA forces EU review of Alitalia fare aid
BA meets unions to avert strikes during bank holiday
Rolls-Royce to supply engines for spy plane
Airports of Thailand's profit soars 19%
Strait Talk
Time for a ship's charter THE recent case of two US oil terminals going to extreme measures to ensure security raises the question of just what a ship's master should be able to expect from a port.
Evergreen forecast to turn in profit TAIWAN's Evergreen Marine Corp, Asia's largest container shipping line by fleet size, may turn in a second quarter profit, joining the main Japanese and other East Asian lines benefitting from a global economic recovery which boosted demand for shipments to Europe and North America.
ICTS profit doubles in first half PHILIPPINES-based International Container Terminal Services Inc reported doubling of its net profit for the first six months of 2004, boosted by its Polish and Brazilian terminal subsidiaries.
Keppel Cebu yard accident: findings out INITIAL findings by labour authorities in the Philippines have pointed to a lack of coordination between subcontractors and their workers as the cause of an accident at the Keppel Cebu Shipyard in the Philippines last month.
HK port traffic up 14.9% in July TRAFFIC through Hong Kong, the world's busiest container port, rose 14.9 per cent in July, but lagged the increase in the neighbouring mainland Chinese city of Shenzhen, where costs are lower.
Port Shots LONDON PD Ports, a maritime and freight-forwarding services company, said profit rose for the three months ended June 30, as it made more money from property.
Air and Land Transport
Thai Airways surprises with Q3 loss of 836m baht STATE-owned Thai Airways International surprised the market on Monday with a third-quarter net loss despite improved passenger traffic, and now higher fuel prices has clouded the earnings outlook.
BA forces EU review of Alitalia fare aid
BA meets unions to avert strikes during bank holiday
Rolls-Royce to supply engines for spy plane
Airports of Thailand's profit soars 19%
Strait Talk
Time for a ship's charter THE recent case of two US oil terminals going to extreme measures to ensure security raises the question of just what a ship's master should be able to expect from a port.
Evergreen forecast to turn in profit TAIWAN's Evergreen Marine Corp, Asia's largest container shipping line by fleet size, may turn in a second quarter profit, joining the main Japanese and other East Asian lines benefitting from a global economic recovery which boosted demand for shipments to Europe and North America.
ICTS profit doubles in first half PHILIPPINES-based International Container Terminal Services Inc reported doubling of its net profit for the first six months of 2004, boosted by its Polish and Brazilian terminal subsidiaries.
Keppel Cebu yard accident: findings out INITIAL findings by labour authorities in the Philippines have pointed to a lack of coordination between subcontractors and their workers as the cause of an accident at the Keppel Cebu Shipyard in the Philippines last month.
HK port traffic up 14.9% in July TRAFFIC through Hong Kong, the world's busiest container port, rose 14.9 per cent in July, but lagged the increase in the neighbouring mainland Chinese city of Shenzhen, where costs are lower.
Port Shots LONDON PD Ports, a maritime and freight-forwarding services company, said profit rose for the three months ended June 30, as it made more money from property.
Air and Land Transport
Thai Airways surprises with Q3 loss of 836m baht STATE-owned Thai Airways International surprised the market on Monday with a third-quarter net loss despite improved passenger traffic, and now higher fuel prices has clouded the earnings outlook.
BA forces EU review of Alitalia fare aid
BA meets unions to avert strikes during bank holiday
Rolls-Royce to supply engines for spy plane
Airports of Thailand's profit soars 19%
Strait Talk
Time for a ship's charter THE recent case of two US oil terminals going to extreme measures to ensure security raises the question of just what a ship's master should be able to expect from a port.
MPA chief: Only nine QMBS certificates submitted - so far Director of MPA, Capt. Khong Shen Ping reveals latest compliance figures and hints that fresh bunker licenses could be issued next year.
Uruguay market update
Fujairah supply looking good as demand eases off The Fujairah bunker market has been on the quiet side so far this week, but rather than a product of buyers waiting for prices to fall, suppliers saw it as a lull after a period of heavy demand.
Hong Kong buyers hold back for better deal
Rotterdam steady at midday
Brisbane sales growth marred by lack of infrastructure Brisbane has seen bunker sales volumes increase steadily over the past five years, but the infrastructure is not in place to meet growing demand.
Japan endures seasonal slump, surge in power demand 50% year-on-year increase in Japan's domestic fuel oil demand having little bearing on typically flat August bunker market, say players.
Australian bunker sales slump follows regional trend Reports earlier this week claimed Shell's sales in Sydney and Melbourne were down 30%. According to a Bunkerworld survey, this sales decrease is not limited to Shell's Australian operations.
China: BP to lease over half its Nansha fuel oil storage Four companies named in fuel oil storage deals at BP's Nansha oil terminal in Guangdong.
P&O Nedlloyd faces Kroes dilemma Royal P&O Nedlloyd could be forced to make a board change just a few months after securing a stock market listing, following the appointment of director Neelie Kroes (above) as the European Union's new Competition Commissioner, writes Tony Grey.
Temasek says it has no plans to change Neptune Orient Lines TEMASEK Holdings says it has no intention of making major changes in the business of Neptune Orient Lines in its surprise mandatory takeover bid for the national Singapore shipping company.
Explanation fails to halt CP Ships' slide CP Ships' share price continued to slide in morning trading yesterday as the market reacted nervously to the company's explanation about its accounting errors, and reports of flat conditions on the Atlantic.
Charley is not such a darling to insurers INSURERS of property/casualty business are unlikely to be able to halt the rating slide, despite the devastation caused in Florida by Hurricane Charley, insurance sources said.
Copenhagen port 'is not autonomous' THE Port of Copenhagen does in fact belong to the state and is not autonomous, as the port had argued, the Danish Supreme Court ruled on yesterday.
Masters and Mates admits mistakes THE Masters and Mates Association of the Philippines (MMAP) has defended itself over accusations of fraud in complying with government financial and tax requirements
St Lawrence Seaway hits highs THE St Lawrence Seaway has achieved its highest traffic levels in the past year as a result of the strong North American economy
Kalmar builds cranes in China KALMAR Industries, a Swedish member of the Finnish engineering group Kone, is to build a 7,000m', $10M container-handling equipment assembly plant in Shanghai
USSM challenges judge over Maersk FIFTEEN subsidy contracts under the US Maritime Security Program remain an issue today as US Ship Management (USSM) asked a federal judge to reverse his ruling
Hurricane damages US fruit crop FLORIDA'S $1.5Bn citrus industry was hit hard by Hurricane Charley with as much of 15% of this year's crop destroyed by the storm in winds that reached 126kt
US might go alone on tracking THE IMO is continuing to study long-range vessel tracking, although the US may implement a 2,000 n-mile system unilaterally - if it can find the money
Maersk Sealand quits trans-Pac group Carrier says it can respond faster to customers' needs outside of discussion agreement in world's most important U.S. trade lane.
Maersk Sealand withdraws from the TSA Maersk Sealand confirmed that it has withdrawn from the Transpacific Stabilization Agreement (TSA) with effect from September 17.
Final clearance for Freight Australia sale The Victorian Government yesterday gave clearance for selling RailAmerica-owned Freight Australia (FA) to Patrick/Toll JV railco Pacific National (PN), after securing a number of undertakings over terminal and network access.
Four week deadline for Temasek's NOL offer
Alianca upgrades its Mercosur service
Korean union threatens action over working conditions
Booming China volumes boost Cosco Pacific terminals
President Bush hands Portland dredge lifeline
Hanjin's July container index up
Driverless cranes will lift Shinsundae's efficiency
Marshall Islands signs security agreement with the US
Third trial in Gotland bribery case On monday the third trial in the bribery case concerning the ferries ordered by the Swedish ferry and tanker owner ...
Norwegian/Russian shipping cooperation Norway and Russia have finally committed themselves to an accord to regulate the increasing tanker traffic in the Barents Sea ...
Passenger numbers on K'benhavn'Oslo reached all-time-high In June, the capacity utilization on the two DFDS Seaways ferries on the K'benhavn-Helsingborg-Oslo run reached 93 per ...
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