TSA counting on cargo demand to outpace capacity FORECASTING a 10-12 per cent growth on the transpacific container trade this year, the trade's 14 key members are optimistic that cargo demand will continue to outpace capacity, despite massive newbuilding orders comprising nearly half of the existing fleet.
Kuwait tanker firm orders 3 more ships THE state-owned Kuwait Oil Tanker Co has signed a contract with South Korea's Hyundai Heavy Industries Co for three more vessels following four tankers ordered last week.
Two indicators to judge success of ISPS Code THE success or failure of the ISPS Code can be measured by two key indicators - the incidence of stowaways and piracy/armed robbery, according to the US-based marine mutual liability insurer American Club.
Zim's Q2 profit soars ISRAEL's largest shipping firm Zim Integrated Shipping Services Ltd said yesterday it posted a sharply higher net profit in the second quarter, boosted by one-time charges related to the sale of two ships.
Scrap Market OIL tankers sold for scrap at ship breaking yards fell 40 per cent during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence & Young said.
Air and Land Transport
BA sweetens pay offer to prevent costly strike BRITISH Airways improved a pay offer for ground staff on Tuesday in a bid to stave off a planned 24-hour strike that threatens to disrupt travel at Britain's main airports during a key holiday.
American, United agree to back temporary flight caps at O'Hare
Air India fleet may be world's oldest
Paris terminal partially reopens
Aer Lingus workers approve strike over 1,300 job cuts
Cathay pulls up crew after tight landing
Features
A big STEP towards growth MOL has stated that MOL STEP is a blueprint for sustainable growth. How has this thinking been translated into specific strategies?
TSA counting on cargo demand to outpace capacity FORECASTING a 10-12 per cent growth on the transpacific container trade this year, the trade's 14 key members are optimistic that cargo demand will continue to outpace capacity, despite massive newbuilding orders comprising nearly half of the existing fleet.
Kuwait tanker firm orders 3 more ships THE state-owned Kuwait Oil Tanker Co has signed a contract with South Korea's Hyundai Heavy Industries Co for three more vessels following four tankers ordered last week.
Two indicators to judge success of ISPS Code THE success or failure of the ISPS Code can be measured by two key indicators - the incidence of stowaways and piracy/armed robbery, according to the US-based marine mutual liability insurer American Club.
Zim's Q2 profit soars ISRAEL's largest shipping firm Zim Integrated Shipping Services Ltd said yesterday it posted a sharply higher net profit in the second quarter, boosted by one-time charges related to the sale of two ships.
Scrap Market OIL tankers sold for scrap at ship breaking yards fell 40 per cent during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence & Young said.
Air and Land Transport
BA sweetens pay offer to prevent costly strike BRITISH Airways improved a pay offer for ground staff on Tuesday in a bid to stave off a planned 24-hour strike that threatens to disrupt travel at Britain's main airports during a key holiday.
American, United agree to back temporary flight caps at O'Hare
Air India fleet may be world's oldest
Paris terminal partially reopens
Aer Lingus workers approve strike over 1,300 job cuts
Cathay pulls up crew after tight landing
Features
A big STEP towards growth MOL has stated that MOL STEP is a blueprint for sustainable growth. How has this thinking been translated into specific strategies?
TSA counting on cargo demand to outpace capacity FORECASTING a 10-12 per cent growth on the transpacific container trade this year, the trade's 14 key members are optimistic that cargo demand will continue to outpace capacity, despite massive newbuilding orders comprising nearly half of the existing fleet.
Kuwait tanker firm orders 3 more ships THE state-owned Kuwait Oil Tanker Co has signed a contract with South Korea's Hyundai Heavy Industries Co for three more vessels following four tankers ordered last week.
Two indicators to judge success of ISPS Code THE success or failure of the ISPS Code can be measured by two key indicators - the incidence of stowaways and piracy/armed robbery, according to the US-based marine mutual liability insurer American Club.
Zim's Q2 profit soars ISRAEL's largest shipping firm Zim Integrated Shipping Services Ltd said yesterday it posted a sharply higher net profit in the second quarter, boosted by one-time charges related to the sale of two ships.
Scrap Market OIL tankers sold for scrap at ship breaking yards fell 40 per cent during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence & Young said.
Air and Land Transport
BA sweetens pay offer to prevent costly strike BRITISH Airways improved a pay offer for ground staff on Tuesday in a bid to stave off a planned 24-hour strike that threatens to disrupt travel at Britain's main airports during a key holiday.
American, United agree to back temporary flight caps at O'Hare
Air India fleet may be world's oldest
Paris terminal partially reopens
Aer Lingus workers approve strike over 1,300 job cuts
Cathay pulls up crew after tight landing
Features
A big STEP towards growth MOL has stated that MOL STEP is a blueprint for sustainable growth. How has this thinking been translated into specific strategies?
Key Florida supplier touts for potential buyers 18 months after acquiring a number of oil products barges and terminals from El Paso Corporation, Denver-based petroleum transport company TransMontaigne Inc. reportedly eyeing potential suitors.
New price peak as US crude stocks shrink
Yukos battles on to prevent bankruptcy Russian oil giant seeking ways to raise cash for $3.4bn cash bill, while its oil exports look secured for another month.
Latest US oil inventory figures at a glance
Typhoon Megi halts Yosu bunker deliveries Busan bunkering reportedly unaffected as typhoon heads towards northern Japan.
Third bunker surveyor to face sentencing Friday A third bunker surveyor is set to face sentencing in a Singapore court this Friday in Singapore's latest crackdown on corruption and malpractice in its $5 billion industry.
Reports: Two new bunker barges ordered for Kuwait Kuwait Oil Tanker Co. (KOTC), have signed two deals in the past week for the acquisition of seven new oil transportation vessels including two bunker barges.
Rotterdam a little firmer on crude rebound
Chinese fuel oil imports down 29% in July Latest customs figures reveal 29% drop in Chinese fuel oil imports.
BHP Billiton to pull out of shipowning, says Lynch GLOBAL commodities and energy giant BHP Billiton revealed yesterday that it wants to quit shipowning.
French politicians rue 'loss of influence' in Brussels EUROPE'S newly appointed transport commissioner, the Frenchman Jacques Barrot, has been attacked by French politicians as a symbol of the nation's perceived loss of influence in Brussels, writes Andrew Spurrier.
Maersk Sealand resigns from TSA MAERSK Sealand is resigning from the Transpacific Stabilisation Agreement, the carrier body that covers the eastbound Asia-US trades, and its Canadian equivalent.
McIntosh becomes chairman of London's joint hull committee PETER McIntosh, hull underwriter for Wellington syndicate 2020 at Lloyd's, is the new chairman of the joint hull committee in London, writes James Brewer.
Masa extends Ultra Voyager 2 option FINNISH shipbuilder Kv'rner Masa-Yards has given Royal Caribbean Cruises another month to consider its contract for the Ultra Voyager 2
SARS-free Star shines STAR Cruises Group has announced dramatically improved results, primarily because its 2003 performance was crippled by a combined SARS-Iraq war blow
No strike imminent in Trinidad TENSIONS have reportedly risen during dockworker pay negotiations in Trinidad, but no strike is imminent, claims management
Rail overload blocks ore exports SOUTH African ore producers are being forced to look to alternative export outlets as the railway route to Saldanha port cannot cope with the supply
Paper contract for forest venture GORTHON-B&N Transatlantic has signed a contract with the Finnish-Swedish forest industry group for shipments of paper between Northern Europe and North America
Satellite tracking moves closer COMMERCIAL vessels heading for US ports are to be kept under continual surveillance from satellites, with information being fed to the US Coast Guard
Ocean carriers split over JNPT congestion charge Shipping lines operating out of India's West Coast Jawaharlal Nehru Port (JNP) have threatened to impose a congestion surcharge.
Temasek stands firm on NOL share price Temasek Holdings said it had no plans to increase its S$2.80 (US$1.63)/share offer for Neptune Orient Lines (NOL), indicating the Singapore government investment vehicle has no plans to de-list NOL.
Simmering charter market hard to predict
Carriers could pay the price for Santos work slowdown
Ferry admonished in K Line near miss
New department underlines Tacoma's committment to boxes
Molaris also sold Stelmar shares Stelmar CFO sold $1.1m worth of stock on same day as CEO's $2.1m trade, previously questioned by Stelios Haji-Ioannou.
Cassen gets high sign Emden's resurrected Cassen Werft has financing for its first ship.
Seabulk tankers to take hit Drydockings will trim $1.4m from third-quarter revenue, company says.
Star ascends Cruise group's turnaround gathers pace as net yields jump.
RCCL extends Ultra option Cruise group buys more time to decide on second mega-ship, and promises Asian expansion in three to five years.
Handymax aground off Pipavav The 45,176-dwt bulker Ken Explorer (built 1997) reported to be stuck fast off Indian west coast.
Exchange rate hits Gorthon Swedish line warns current-year profits will be down on 2003, due to weak dollar and a slip in volumes.
Polyanka becomes Invincible TOP Tankers has taken delivery of the third in a series of ships it acquired from Russia's Sovcomflot.
Auditors issue warning on Trico PricewaterhouseCoopers questions firm's ability to remain a going concern after bond default.
Oceanex adds to Halifax service Montreal-based owner re-jigs fleet in advance of delivery of German-built boxship in early 2005.
MOL links Haiphong to Hong Kong Japanese shipowner to start new service linking northern Vietnam to its global liner network.
Jaya seals Qatar charters Singapore shipowning and shipbuilding group secures $17m worth of work for trio of newbuildings.
Gorthon result hit by weak dollar and engine break-down The Swedish ro-ro specialist Gorthon Lines reports a SEK 3.4 million after-tax result for the first six months ...
A.P. Møller-Mærsk sells off IT business A.P. Møller-Mærsk stands to gain a profit of DKK 2.5 billion (EUR 336 million) after the sales agreement with ...
Norwegian Navy lay up 20 vessels The Royal Norwegian Navy, which has suffered from severe cutbacks in the past couple of years, is forced to lay ...
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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