Star Cruises Q4 loss widens on write-offs STAR Cruises, the world's No 4 cruise line operator, said 2003 fourth-quarter losses widened after it wrote off the values of some of its older ships.
Portal lets logistics firms submit data to US Customs SINGAPORE's logistics companies can now submit US Customs declarations cheaply without revealing sensitive commercial data to shipping groups, thanks to a joint initiative of the Singapore Logistics Association and local IT group CrimsonLogic.
Semco Salvage completes ocean tug SEMCO Salvage & Marine has completed the building of another 13,500 bhp tug as part of a series of new ocean-going salvage/towing tugs the company is building under its fleet renewal programme.
Slide in VLCC rates due to seasonal dip in demand GLOBAL freight prices on the main crude shipping routes to world markets continued to fall through last week though a fresh round of bookings for VLCCs saw rates for voyages from the Middle East Gulf to Asia and US Gulf edging off the lows on Friday.
Air and Land Transport
Low-cost airlines will drive 'radical change': consultant THE emergence of low-cost airlines in Asia will greatly accelerate moves to harmonise aviation policies across the region and drive 'radical change', the Asia Pacific Low Cost Airline symposium in Singapore was told earlier this month.
Air passenger traffic in China seen rising 20%
Budget airlines to appeal against EU law
Virgin Express, Belgian airline back in merger talks
Air India may make profit despite early losses of US$10m
Air Canada aims to block access to Toronto terminal
Dockyard
New ballast convention pins hope on new technology LAST week's adoption by a diplomatic conference of the International Maritime Organization of the new International Convention for the Control and Management of Ships' Ballast Water and Sediments can be viewed in two ways.
Ship Sales
SHIP SALES WITH no let up in interest for purchasing, especially for modern tonnage, competition is growing stronger for the few ships that can be considered 'seriously' for sale.
Star Cruises Q4 loss widens on write-offs STAR Cruises, the world's No 4 cruise line operator, said 2003 fourth-quarter losses widened after it wrote off the values of some of its older ships.
Portal lets logistics firms submit data to US Customs SINGAPORE's logistics companies can now submit US Customs declarations cheaply without revealing sensitive commercial data to shipping groups, thanks to a joint initiative of the Singapore Logistics Association and local IT group CrimsonLogic.
Semco Salvage completes ocean tug SEMCO Salvage & Marine has completed the building of another 13,500 bhp tug as part of a series of new ocean-going salvage/towing tugs the company is building under its fleet renewal programme.
Slide in VLCC rates due to seasonal dip in demand GLOBAL freight prices on the main crude shipping routes to world markets continued to fall through last week though a fresh round of bookings for VLCCs saw rates for voyages from the Middle East Gulf to Asia and US Gulf edging off the lows on Friday.
Air and Land Transport
Low-cost airlines will drive 'radical change': consultant THE emergence of low-cost airlines in Asia will greatly accelerate moves to harmonise aviation policies across the region and drive 'radical change', the Asia Pacific Low Cost Airline symposium in Singapore was told earlier this month.
Air passenger traffic in China seen rising 20%
Budget airlines to appeal against EU law
Virgin Express, Belgian airline back in merger talks
Air India may make profit despite early losses of US$10m
Air Canada aims to block access to Toronto terminal
Dockyard
New ballast convention pins hope on new technology LAST week's adoption by a diplomatic conference of the International Maritime Organization of the new International Convention for the Control and Management of Ships' Ballast Water and Sediments can be viewed in two ways.
Ship Sales
SHIP SALES WITH no let up in interest for purchasing, especially for modern tonnage, competition is growing stronger for the few ships that can be considered 'seriously' for sale.
Star Cruises Q4 loss widens on write-offs STAR Cruises, the world's No 4 cruise line operator, said 2003 fourth-quarter losses widened after it wrote off the values of some of its older ships.
Portal lets logistics firms submit data to US Customs SINGAPORE's logistics companies can now submit US Customs declarations cheaply without revealing sensitive commercial data to shipping groups, thanks to a joint initiative of the Singapore Logistics Association and local IT group CrimsonLogic.
Semco Salvage completes ocean tug SEMCO Salvage & Marine has completed the building of another 13,500 bhp tug as part of a series of new ocean-going salvage/towing tugs the company is building under its fleet renewal programme.
Slide in VLCC rates due to seasonal dip in demand GLOBAL freight prices on the main crude shipping routes to world markets continued to fall through last week though a fresh round of bookings for VLCCs saw rates for voyages from the Middle East Gulf to Asia and US Gulf edging off the lows on Friday.
Air and Land Transport
Low-cost airlines will drive 'radical change': consultant THE emergence of low-cost airlines in Asia will greatly accelerate moves to harmonise aviation policies across the region and drive 'radical change', the Asia Pacific Low Cost Airline symposium in Singapore was told earlier this month.
Air passenger traffic in China seen rising 20%
Budget airlines to appeal against EU law
Virgin Express, Belgian airline back in merger talks
Air India may make profit despite early losses of US$10m
Air Canada aims to block access to Toronto terminal
Dockyard
New ballast convention pins hope on new technology LAST week's adoption by a diplomatic conference of the International Maritime Organization of the new International Convention for the Control and Management of Ships' Ballast Water and Sediments can be viewed in two ways.
Ship Sales
SHIP SALES WITH no let up in interest for purchasing, especially for modern tonnage, competition is growing stronger for the few ships that can be considered 'seriously' for sale.
Star Cruises Q4 loss widens on write-offs STAR Cruises, the world's No 4 cruise line operator, said 2003 fourth-quarter losses widened after it wrote off the values of some of its older ships.
Portal lets logistics firms submit data to US Customs SINGAPORE's logistics companies can now submit US Customs declarations cheaply without revealing sensitive commercial data to shipping groups, thanks to a joint initiative of the Singapore Logistics Association and local IT group CrimsonLogic.
Semco Salvage completes ocean tug SEMCO Salvage & Marine has completed the building of another 13,500 bhp tug as part of a series of new ocean-going salvage/towing tugs the company is building under its fleet renewal programme.
Slide in VLCC rates due to seasonal dip in demand GLOBAL freight prices on the main crude shipping routes to world markets continued to fall through last week though a fresh round of bookings for VLCCs saw rates for voyages from the Middle East Gulf to Asia and US Gulf edging off the lows on Friday.
Air and Land Transport
Low-cost airlines will drive 'radical change': consultant THE emergence of low-cost airlines in Asia will greatly accelerate moves to harmonise aviation policies across the region and drive 'radical change', the Asia Pacific Low Cost Airline symposium in Singapore was told earlier this month.
Air passenger traffic in China seen rising 20%
Budget airlines to appeal against EU law
Virgin Express, Belgian airline back in merger talks
Air India may make profit despite early losses of US$10m
Air Canada aims to block access to Toronto terminal
Dockyard
New ballast convention pins hope on new technology LAST week's adoption by a diplomatic conference of the International Maritime Organization of the new International Convention for the Control and Management of Ships' Ballast Water and Sediments can be viewed in two ways.
Ship Sales
SHIP SALES WITH no let up in interest for purchasing, especially for modern tonnage, competition is growing stronger for the few ships that can be considered 'seriously' for sale.
Spill halts ships exiting Mississippi Bunker players in Houston said today that a fuel oil spill of around 3,000 metric tonnes (mt) in the Mississippi River last night was preventing ships from heading downstream but wasn't affecting barge movements.
Q&A with DNVPS about Busan bunker alert A 'Bunker Alert' issued this week by DNVPS for the South Korean port of Busan, and the subsequent reporting of it on Bunkerworld, caused quite a commotion. The bunker alert put a question mark on the fuel quality in a country with a near impeccable record. We put a few questions to DNVPS about this particular alert.
Korean 'Bunker Alert' causes commotion A 'Bunker Alert' issued this week by DNV Petroleum Services (DNVPS) for the South Korean port of Busan has stirred up a range of reactions. The most prominent market feedback was surprise and a degree of disbelief, because South Korea is known for its high quality straight run fuel oil and has never seen a bunker quality dispute or claim.
African market snapshots
Ice problem rears its head in a generally bullish Baltic IFO prices have been gradually rising all week at the majority of ports across the Baltic region. In most cases demand has risen in sympathy as well.
FAL purchases fourth large vessel A FAL spokesman told Bunkerworld today that the comapany had bought the 93,000 deadweight tonne (dwt) LMZ Christiana (built 1981) for a reported $7.5 million.
Indonesia: 'Big interest' in liberalised bunker market One of the last remaining 'closed' markets to the bunkering industry is poised to grant private companies permission to import marine fuel, as international bunker players wait in the wings.
Tug/barge missing, feared hijacked Indonesian tug/barge missing in possible second hijacking after failed initial attempt
Rolls-Royce MT30 passes development milestone Gains DNV approval
New presence in Korean coatings market Samsung Fine Chemicals (SFC) and SigmaKalonhave put their Korean coatings operations together into a Joint Venture Company to be known as Sigma Samsung Coatings (SSC).
South Carolina ports plan security charge $1 a foot of ship's length from July 1, says newspaper
Finnlines goes to Fincantieri for world's largest RoPax ships 4,200 lane meters and 500 passengers
Stelios has easyCruise launch in sight after buying ex-Renaissance cruiseship ENTREPRENEUR Stelios Haji-Ioannou has bought a cruiseship previously operated by bankrupt US company Renaissance Cruises as Renaissance Two.
MSC will boycott Felixstowe security surcharge MEDITERRANEAN Shipping Co will refuse to pay the security surcharge imposed by Hutchison Ports at Felixstowe.
Sino-German first as Rickmers orders four boxships at Dalian BERTRAM Rickmers has signed a groundbreaking order for four 4,250 teu newbuildings with Dalian New Shipbuilding, with an option for another four.
Quartet shines in P&I renewals round BRITANNIA, Gard, UK and Shipowners clubs will emerge as the main winners of the latest P&I renewals, sources in London said, writes James Brewer.
Frontline's Ship Finance International poised for first half market listing A SEPARATE stock market listing for Frontline's new subsidiary, Ship Finance International, looks set to be implemented by the end of the first half of this year, writes Tony Gray.
IMO deny ISPS white list A FORMAL 'white list' of ISPS code compliant ports will not be drawn up by the IMO or US Coast Guard (USCG), according to officials, however "problem" ports will be subject to higher levels of scrutiny
Star and NCL profits plummet A $95.5M "impairment charge" for Star Cruises has resulted in a $101.4M loss for the group in 2003, compared to a profit of $82.6M in 2002
Universe called to court Michael Margretis, director of operations at Universe Maritime, the operator of the Prestige has been summoned to give evidence at the Prestige court case in Spain
WSC rejects e-seal tracking LINER shipping's World Shipping Council has come out against the dual use of electronic security seals as cargo tracking devices as well as a deterrent measure
Maersk backs away from Falklands MAERSK Sealand has said its postponement a plan to call at the Falkland Islands for had nothing to do with the political situation in Argentina
Subsidy battle overshadows port plan BATTLE lines are being drawn over the use of subsidies to develop UK's Great Yarmouth as a base for Ro-Ro passenger and freight services to the Netherlands
Hearing scheduled in Evergreen case In a victory for the ocean carrier, a federal judge will hear witnesses' testimony before deciding whether Evergreen America must bargain with the ILA on a contract for 115 office workers who rejected ILA representation in a disputed election.
Charleston plans security surcharge The South Carolina State Ports Authority, frustrated by increased security costs, wants to charge shipping lines an extra dollar per foot of vessel length every time a ship or barge uses the state's terminals. Corps to study Charleston proposal
5,000 workers strike CN The railroad said it is adhering to normal train schedules using management staff, but warns that delays are possible.
BAX presses FMC for NVO decision
BIS publishes guide on Export Administration Regulations
Homeland Security introduces new anti-terrorism program
US: EU must scrap farm subsidies
ABX Logistics signs software agreement with DCS Transport
Wal-Mart plans distribution center in Houston
Kuehne & Nagel strengthens commitment to GF-X
SEKO Global Logistics Network appoints Stephen Russell president
Five thousand CN staff join pay strike Some 5,000 intermodal, shopcraft and clerical workers went on strike early today after last minute talks with Canadian National Railway (CN) ended without an agreement.
NZ court fines failed South Pacific Shipping director US$7m A New Zealand court has fined a director of South Pacific Shipping (SPS) - which collapsed in 1998, owing NZ$20 million (US$14.02million) - some NZ$10million (US$7.01million) for 'reckless trading'.
All five bidders back in JNPT bidding ring
Final CSX payments concludes four-year dispute
New World Alliance and Yang Ming boost Pacific capacity
CORRECTION: GA service keeps ports covered
New radiation equipment to be installed at Oakland
Shipping White Paper hits snag The eagerly awaited White Paper on Norwegian shipping has already hit a snag with disagreement within the minority centre-right ...
"Stena Nautica" to be moved after the weekend "Stena Nautica" will probably stay at the present berth until the beginning of next week. "Everything seems to be under ...
Latvian Shipping buys ice-strengthened tanker trio JSC Latvian Shipping Company (LSC) has bought three 37,000-DWT ice-strenghtened tankers from Monaco based International Andromeda Shipping. The ...
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