Salalah Port grows to second busiest in Gulf AFTER only five years of operation, Salalah port is making its mark as one of the busiest ports in the Gulf due to its strategic location at south of Oman, attracting more shipping lines and handling higher throughput.
S'pore calls for multilateral response to ballast issue A major conference on the treatment and discharge of ballast water got under way yesterday with a call for a multilateral response to the global issue.
Large vessels banned from part of NZ coast THE International Maritime Organisation has banned large ships from a part of New Zealand's coast in the first such measure in the world, a maritime safety official said yesterday.
Daewoo eyes overseas expansion DAEWOO Shipbuilding and Marine Engineering Co, the world's second-biggest shipyard, said yesterday it was considering buying a yard to make cruise ships in Western Europe and establishing a production base in China.
Hawaiian start-up costs hurt Star Cruises' Q1 profit STAR Cruises, the world's No 4 cruise line operator, said start-up costs for its new cruise services in Hawaii were a drag on its first quarter results.
China Shipping cuts IPO size again: sources CHINA Shipping Container Lines has cut the size of its initial public offering again by more than 20 per cent to US$1-1.2 billion after fund managers pushed for lower pricing, market sources said yesterday.
Soaring steel prices squeezing margins: Daewoo Shipbuilding SOUTH Korea's Daewoo Shipbuilding and Marine Co, the world's second-largest shipbuilder, said it expected operating profits to fall in 2004 as high steel prices squeeze margins and offset booming orders.
Air and Land Transport
Major US airports will be ready for A380 MAJOR airports in Los Angeles, New York and Chicago plan to be ready for the mammoth Airbus A380 double decker passenger jet in late 2006, their operators said on Tuesday, playing down concerns raised by airline Virgin Atlantic a day earlier.
Asia air travel bookings up 90%
Record travellers lift BAA's profit
Cargo plane crash in China kills 7
Spain's first private airport aims at budget carriers
Govt plans to sell its Swiss Air stake
Newbuilds
Buoyant freight markets face long yard backlogs THE brief new orders list would suggest a quiet time in the newbuilding market but at a time when freight markets are generally very buoyant, there does not seem to be a lack of interest in modern tonnage.
Salalah Port grows to second busiest in Gulf AFTER only five years of operation, Salalah port is making its mark as one of the busiest ports in the Gulf due to its strategic location at south of Oman, attracting more shipping lines and handling higher throughput.
S'pore calls for multilateral response to ballast issue A major conference on the treatment and discharge of ballast water got under way yesterday with a call for a multilateral response to the global issue.
Large vessels banned from part of NZ coast THE International Maritime Organisation has banned large ships from a part of New Zealand's coast in the first such measure in the world, a maritime safety official said yesterday.
Daewoo eyes overseas expansion DAEWOO Shipbuilding and Marine Engineering Co, the world's second-biggest shipyard, said yesterday it was considering buying a yard to make cruise ships in Western Europe and establishing a production base in China.
Hawaiian start-up costs hurt Star Cruises' Q1 profit STAR Cruises, the world's No 4 cruise line operator, said start-up costs for its new cruise services in Hawaii were a drag on its first quarter results.
China Shipping cuts IPO size again: sources CHINA Shipping Container Lines has cut the size of its initial public offering again by more than 20 per cent to US$1-1.2 billion after fund managers pushed for lower pricing, market sources said yesterday.
Soaring steel prices squeezing margins: Daewoo Shipbuilding SOUTH Korea's Daewoo Shipbuilding and Marine Co, the world's second-largest shipbuilder, said it expected operating profits to fall in 2004 as high steel prices squeeze margins and offset booming orders.
Air and Land Transport
Major US airports will be ready for A380 MAJOR airports in Los Angeles, New York and Chicago plan to be ready for the mammoth Airbus A380 double decker passenger jet in late 2006, their operators said on Tuesday, playing down concerns raised by airline Virgin Atlantic a day earlier.
Asia air travel bookings up 90%
Record travellers lift BAA's profit
Cargo plane crash in China kills 7
Spain's first private airport aims at budget carriers
Govt plans to sell its Swiss Air stake
Newbuilds
Buoyant freight markets face long yard backlogs THE brief new orders list would suggest a quiet time in the newbuilding market but at a time when freight markets are generally very buoyant, there does not seem to be a lack of interest in modern tonnage.
Salalah Port grows to second busiest in Gulf AFTER only five years of operation, Salalah port is making its mark as one of the busiest ports in the Gulf due to its strategic location at south of Oman, attracting more shipping lines and handling higher throughput.
S'pore calls for multilateral response to ballast issue A major conference on the treatment and discharge of ballast water got under way yesterday with a call for a multilateral response to the global issue.
Large vessels banned from part of NZ coast THE International Maritime Organisation has banned large ships from a part of New Zealand's coast in the first such measure in the world, a maritime safety official said yesterday.
Daewoo eyes overseas expansion DAEWOO Shipbuilding and Marine Engineering Co, the world's second-biggest shipyard, said yesterday it was considering buying a yard to make cruise ships in Western Europe and establishing a production base in China.
Hawaiian start-up costs hurt Star Cruises' Q1 profit STAR Cruises, the world's No 4 cruise line operator, said start-up costs for its new cruise services in Hawaii were a drag on its first quarter results.
China Shipping cuts IPO size again: sources CHINA Shipping Container Lines has cut the size of its initial public offering again by more than 20 per cent to US$1-1.2 billion after fund managers pushed for lower pricing, market sources said yesterday.
Soaring steel prices squeezing margins: Daewoo Shipbuilding SOUTH Korea's Daewoo Shipbuilding and Marine Co, the world's second-largest shipbuilder, said it expected operating profits to fall in 2004 as high steel prices squeeze margins and offset booming orders.
Air and Land Transport
Major US airports will be ready for A380 MAJOR airports in Los Angeles, New York and Chicago plan to be ready for the mammoth Airbus A380 double decker passenger jet in late 2006, their operators said on Tuesday, playing down concerns raised by airline Virgin Atlantic a day earlier.
Asia air travel bookings up 90%
Record travellers lift BAA's profit
Cargo plane crash in China kills 7
Spain's first private airport aims at budget carriers
Govt plans to sell its Swiss Air stake
Newbuilds
Buoyant freight markets face long yard backlogs THE brief new orders list would suggest a quiet time in the newbuilding market but at a time when freight markets are generally very buoyant, there does not seem to be a lack of interest in modern tonnage.
Venezuela: No to raising OPEC quotas, country's capacity to rise PDVSA chief denies the need for more OPEC oil, also announces plans for Venezuela to increase production capacity to 5 million barrels per day.
GAC: Weekly African market report
Singapore trader eyes Zhoushan fuel oil storage Singapore-based trader reported to be in discussions to acquire fuel oil storage terminal for distribution in China.
API & DOE figures show rise in US gasoline stocks Crude prices fell for the second day today after reaching a new all-time high on Monday.
Typhoon Nida expected in Tokyo on Sunday Tokyo and the Yokohama Bay area are currently preparing for the landfall of Typhoon Nida, which is expected to arrive sometime on the morning of May 23.
Quiet Piraeus waits for demand upturn
South Korean bunker market backs off from high water mark
Saudi posted prices on the rise
Rotterdam bunker prices slip ahead of holiday
EPA grants shipowners, refiners breathing space Introduction of tough new regulations on sulphur emissions in marine diesel curtailed to allow refiners, shipowners and engine manufacturers more time.
Tonnage squeeze forces lines to juggle Asia-Europe box fleets A SEVERE shortage of containerships is forcing a group of major carriers to plan a new Asia-Europe service deploying just seven vessels rather than the usual eight.
K Line designers developing 'epoch-making' zero ballast water ships THE upward trend in containership capacity has persuaded K Line that the time is right to develop a ship that carries little, if any, ballast water, writes Hugh O'Mahony.
Straw urged to enter Gibraltar cruise row BRITISH Foreign Secretary Jack Straw came under increased pressure yesterday to seek clarification from his Spanish counterpart over the Gibraltar cruiseship controversy.
No offer yet from OMI says Stelmar OMI's plans to acquire Greek tanker rival Stelmar Shipping seem to be far from a 'done deal'.
Stelmar-OMI merger: plot thickens ONE day after OMI's announcement that it had support from the Haji-Ionnou family for a Stelmar merger, Stelmar's board asserted that it had yet to receive an offer and had never even been contacted about the possibility of such a dea
Key issues hinder UK feeder links LACK of information supplied by deep sea container lines to terminal operators are two key reasons affecting the development of feeder shipping to and from the UK
TACA sees critical months ahead TACA believes the next six months are crucial in detemining whether conferences continue to receive exemptions from EU 'anti-trust' policies
Port trucker crisis looming RED flags were repeatedly raised at this week's Trans-Atlantic Maritime Conference over potential disruption of US shipping by port truckers
Mexico moves to secure gas supplies MEXICO is worried that LNG supplies from the US, its primary supplier, could be curtailed and is moving to build more plants and seek imports from other countries
British cruisers hit milestone THE British cruise market passed the 1M passenger mark for the first time last year
Trade: Feds should regulate security Customs & Border Protection measures making companies more efficient by forcing them to take a closer look at their operations, executives say.
Drivers, union could rile waterfront this summer
Trucking a weak link for container terminals
Union Pacific to shippers: We don't know when delays will end
NIT League says security checks will delay ocean cargo
Maynard, NY port authority spokesman, dies
Hong Kong bridge will link terminals
High court won't hear harbor maintenance tax appeals
Ship squeeze limits services as HRI continues its steady march upwards Shortages of tonnage are beginning to have an effect as lines struggle to find ships to operate new service strings or even to cope with volumes on existing services.
Australia cuts government shipping levies Navigation and safety-regulation service charges imposed on ships are to be cut by 15%, saving the industry around A$6 (US$4) million per year, the Australian Government announced on May 17.
Port Security bill bogged down in committee stage
Malaysian hauliers call for lowering of trailer ratio
Austria to pay the penalty for high Swiss road tolls
Easy ship transfer in EU through new directive The new transfer of ships regulations will enter into force on 20 May. They regulations cover the transfer of ships ...
Danish multi-supply vessel in "Prestige" recover work Esvagt, subsidiary of Em. Z. Svitzer A/S, has signed their multi-purpose supply ship "Esvagt Connector" for a period ...
No mandatory rules for dubble hull on dry bulkers Greece won a fierce row with the U.K. in the IMO Maritime Safety Committee, and as a result there will ...
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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