Terror threat to LNG carriers overstated THE terrorist threat to LNG carriers, often dubbed 'floating bombs', has been greatly overstated, said a senior industry executive, who cautioned it's the industry's reputation for safety and high quality that is under threat.
Tanker trade to benefit from growing LNG demand IN 2003, global flows of LNG amounted to nearly 750 billion cubic metres, of which 20 per cent is carried aboard ships and the remainder by pipeline, according to the French research body, Institut Francais du Petrole .
MOL to invest US$11b in 243 new ships MITSUI OSK Lines Ltd, Japan's No 2 shipping firm, will spend 1.16 trillion yen over six years on 243 new vessels to meet booming demand for the transport of goods from China and other parts of Asia, the company said on Monday.
Goa to float global tender for US$39m cruise terminal INDIA's tiny western state of Goa is to hold a global tender for the construction of a cruise liner terminal, and plans to expand its iron ore handling to keep pace with soaring steel demand, its chairman said on Monday.
Air and Land Transport
Strong growth for world airports WORLD airports are poised for a strong economic performance in 2004 after seeing a 2 per cent increase in passengers and 3 per cent rise in cargo last year, the head of the industry's global body, Airports Council International said on Monday.
US domestic air travel remains in the doldrums
Judge wants end to standoff at Air Canada
Air Sahara, Cathay in code-sharing talks
Air France, KLM delay merger till month-end
Vietnam's former US base to open to flights
Strait Talk
Rethink security job issue after ISPS compliance JUST as the international shipping industry was engaged in an almost-last-minute dash to meet the requirements of the International Ship and Port Facilities Security Code, it looked a couple of weeks ago as though somebody was about to throw a very large spanner in the works.
Terror threat to LNG carriers overstated THE terrorist threat to LNG carriers, often dubbed 'floating bombs', has been greatly overstated, said a senior industry executive, who cautioned it's the industry's reputation for safety and high quality that is under threat.
Tanker trade to benefit from growing LNG demand IN 2003, global flows of LNG amounted to nearly 750 billion cubic metres, of which 20 per cent is carried aboard ships and the remainder by pipeline, according to the French research body, Institut Francais du Petrole .
MOL to invest US$11b in 243 new ships MITSUI OSK Lines Ltd, Japan's No 2 shipping firm, will spend 1.16 trillion yen over six years on 243 new vessels to meet booming demand for the transport of goods from China and other parts of Asia, the company said on Monday.
Goa to float global tender for US$39m cruise terminal INDIA's tiny western state of Goa is to hold a global tender for the construction of a cruise liner terminal, and plans to expand its iron ore handling to keep pace with soaring steel demand, its chairman said on Monday.
Air and Land Transport
Strong growth for world airports WORLD airports are poised for a strong economic performance in 2004 after seeing a 2 per cent increase in passengers and 3 per cent rise in cargo last year, the head of the industry's global body, Airports Council International said on Monday.
US domestic air travel remains in the doldrums
Judge wants end to standoff at Air Canada
Air Sahara, Cathay in code-sharing talks
Air France, KLM delay merger till month-end
Vietnam's former US base to open to flights
Strait Talk
Rethink security job issue after ISPS compliance JUST as the international shipping industry was engaged in an almost-last-minute dash to meet the requirements of the International Ship and Port Facilities Security Code, it looked a couple of weeks ago as though somebody was about to throw a very large spanner in the works.
Terror threat to LNG carriers overstated THE terrorist threat to LNG carriers, often dubbed 'floating bombs', has been greatly overstated, said a senior industry executive, who cautioned it's the industry's reputation for safety and high quality that is under threat.
Tanker trade to benefit from growing LNG demand IN 2003, global flows of LNG amounted to nearly 750 billion cubic metres, of which 20 per cent is carried aboard ships and the remainder by pipeline, according to the French research body, Institut Francais du Petrole .
MOL to invest US$11b in 243 new ships MITSUI OSK Lines Ltd, Japan's No 2 shipping firm, will spend 1.16 trillion yen over six years on 243 new vessels to meet booming demand for the transport of goods from China and other parts of Asia, the company said on Monday.
Goa to float global tender for US$39m cruise terminal INDIA's tiny western state of Goa is to hold a global tender for the construction of a cruise liner terminal, and plans to expand its iron ore handling to keep pace with soaring steel demand, its chairman said on Monday.
Air and Land Transport
Strong growth for world airports WORLD airports are poised for a strong economic performance in 2004 after seeing a 2 per cent increase in passengers and 3 per cent rise in cargo last year, the head of the industry's global body, Airports Council International said on Monday.
US domestic air travel remains in the doldrums
Judge wants end to standoff at Air Canada
Air Sahara, Cathay in code-sharing talks
Air France, KLM delay merger till month-end
Vietnam's former US base to open to flights
Strait Talk
Rethink security job issue after ISPS compliance JUST as the international shipping industry was engaged in an almost-last-minute dash to meet the requirements of the International Ship and Port Facilities Security Code, it looked a couple of weeks ago as though somebody was about to throw a very large spanner in the works.
US: Californian prices firm as April 1 approaches Suppliers on the US West Coast were a little hesitant about where they placed the market today. A number of factors seem to be playing on the minds of bunker suppliers in the state. Among them pricing, spotty demand and availability are playing a large part, but these other factors all seem to be linked to the imminent reinstatement of the California bunker tax exemption.
Replenishment costs & delays keep Panama high despite resupply
US: No break in SPR crude oil shipments
Speculation still rife about OPEC's next output move Market analysts believe that oil prices would rapidly shed $2-3 per barrel if OPEC were to delay the April cut.
New trader targets Black Sea market Bunker take-up due to rise in Novorossiysk as suppliers acquire CPC Terminal SBM licenses.
Buyers unconvinced by Suez gains
Demand and avails levels push Hong Kong supply dates further out
ENOC looks to enhance market share with two more barges Fujairah-based supplier expands fleet as it announces average monthly sales of almost 300,000 MT.
Rotterdam fuel oil firm, distillates softer
Burning crude slick assessed for impact
New Zealand authorities in hunt for discharging vessel Concern that ship deliberately pumped oil into ocean in direct contravention of New Zealand and international law, say Maritime Safety Authority.
EU calls on Pakistan to release detained crew of Tasman Spirit EUROPE' s Council of Ministers has thrown its weight behind the detained crew of the Polembros-owned Tasman Spirit , calling on Pakistan to release all seven seafarers and the salvage master.
Salvors warned of 'blame iceberg' BIMCO marine department manager Anders Arfelt warned of the "growing iceberg" of criminalisation at the International Salvage Union conference to welcome the ISU's new associate members, writes Sandra Speares.
Greenpeace tells European owners to scrap at home EUROPEAN Union owners should be compelled only to scrap ships in the EU rather than the third world, according to a campaign launched in Britain by Greenpeace yesterday.
UK minister drops hint on US quartet BRITAIN'S minister responsible for shipbreaking has hinted that he supports giving Able UK the go-ahead to break four ships at present alongside its Hartlepool facility, writes David Osler.
Sinotrans and MOL in China car venture MITSUI OSK Lines has followed its Japanese counterparts in setting up a joint venture to move cars around China.
Irregular security passes at Miami LESS than a month after a US Congressional delegation praised the Port of Miami for its security accomplishments, investigators have unearthed troubling evidence that 130 or more port employees may have been issued access credentials without proper background checks
First cruise port goes to Goa Mormugao port in India's most popular tourist destination of Goa, is to get the country's first cruise terminal, according to the port's chairman PK Mohanty
Irish Ferries talks stutter TALKS between Irish Ferries management and the two unions representing the company's 777 officers and ratings falter as officers dig in their heels
Property growth to close Leith LEITH, the port for Scotland's capital Edinburgh, faces long-term closure as its waterfront area is transformed through property development over the next 15 years
Wärtsilä propellers made of money Wärtsilä has bought 2,500 tonnes of obsolete pesetas from the central bank of Spain that it intends to melt and recycle for its ships' propellers
Delta-1 wreck towed to safety THE tanker reported as Delta-1, which split in two after colliding with container vessel APL Pusan last Friday has been towed safely to the northern coast of the Gulf of Kutch
Royal Nedlloyd shareholders approve PONL listing Royal Nedlloyd shareholders have approved all the measures for the creation of the new container-shipping concern Royal P&O Nedlloyd (RPONL).
Oetker offer raises spectre of consolidation A news report revealing August Oetker - CEO of Oetker Group and parent of Hamburg Sud - was interested in reopening talks with Hapag-Lloyd, has provoked conflicting opinions about consolidation.
US truckers ask government to stop bidding up oil price
Greens call for US port pollution reforms
Port president unites Paranagua management and staff in opposition
CBP deploys radiation detectors at major US seaports
US customs delays Klang containers
ABP Connect ramps up capacity at Immingham's Exxtor Terminal
Evergreen passes Europe-Levant service to subsidiaries
Stolt-Nielsen face renewed legal threats Chemical tanker operators Stolt-Nielsen SA faces a renewed threat of legal action after the US Department of Justice withdrew ...
Japanese shipowner to invest EUR 8.8 billion in new ships Japanese MOL's plans to 2010 includes JPY 1,160 billion (EUR 8.8 billion) in investments in new ships. The fleet will ...
Proceedings in the bribery case finished Proceedings in the court of appeal regarding the Rederi AB Gotland bribery case finished on Monday. Two employees from Rederi ...
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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