PSA eyes terminal at China's Nansha Port PSA Corporation is keen to invest and operate a fifth mainland China container terminal in Nansha, at the mouth of the booming Pearl River Delta manufacturing area, and expects nearby Shenzhen terminals to overtake Shanghai in container throughput this year, its new China head revealed.
China to overtake S Korea, Japan as biggest shipbuilder: academic CHINA will overtake both South Korea and Japan as the world's biggest shipbuilding nation by 2015, leveraging its labour cost advantages and productivity improvements, but must cut manpower and reduce its reliance on foreign expertise, industry experts say.
Cosco Shipping expects profit to double this year COSCO Shipping Co, a unit of China's biggest shipping company, said profit this year may almost double after it acquires 40 second-hand vessels from its controlling shareholder for 376 million yuan .
P&O Ports Canada plans US$98m expansion P&O Ports Canada said it plans to invest C$130 million during the next 18 months, doubling the capacity of its Vancouver container terminal.
Air and Land Transport
SAS clinches deals with labour unions SAS Group, the largest Nordic airline, said it reached agreements with its 39 labour unions that will help it save 1.5 billion kronor a year by 2005 in an effort to return to the carrier to profit.
US Airways seeks pay cuts to ward off Southwest threat
Alitalia adds routes as it charts path to profits
Loss to narrow 79% this year: Indian Airlines
Japan's trains speed to punctuality record
Tiger Air to lease four Airbus A320s
Admiralty Casebook
Demise charter claim dismissed as a sham to avoid liability THE High Court last month dismissed a claim by a shipowner that it had 'demise chartered' two of its vessels, ruling that the alleged demise charter was nothing but a sham to avoid liability for the loss of cargo that it had contracted to carry.
PSA eyes terminal at China's Nansha Port PSA Corporation is keen to invest and operate a fifth mainland China container terminal in Nansha, at the mouth of the booming Pearl River Delta manufacturing area, and expects nearby Shenzhen terminals to overtake Shanghai in container throughput this year, its new China head revealed.
China to overtake S Korea, Japan as biggest shipbuilder: academic CHINA will overtake both South Korea and Japan as the world's biggest shipbuilding nation by 2015, leveraging its labour cost advantages and productivity improvements, but must cut manpower and reduce its reliance on foreign expertise, industry experts say.
Cosco Shipping expects profit to double this year COSCO Shipping Co, a unit of China's biggest shipping company, said profit this year may almost double after it acquires 40 second-hand vessels from its controlling shareholder for 376 million yuan .
P&O Ports Canada plans US$98m expansion P&O Ports Canada said it plans to invest C$130 million during the next 18 months, doubling the capacity of its Vancouver container terminal.
Air and Land Transport
SAS clinches deals with labour unions SAS Group, the largest Nordic airline, said it reached agreements with its 39 labour unions that will help it save 1.5 billion kronor a year by 2005 in an effort to return to the carrier to profit.
US Airways seeks pay cuts to ward off Southwest threat
Alitalia adds routes as it charts path to profits
Loss to narrow 79% this year: Indian Airlines
Japan's trains speed to punctuality record
Tiger Air to lease four Airbus A320s
Admiralty Casebook
Demise charter claim dismissed as a sham to avoid liability THE High Court last month dismissed a claim by a shipowner that it had 'demise chartered' two of its vessels, ruling that the alleged demise charter was nothing but a sham to avoid liability for the loss of cargo that it had contracted to carry.
PSA eyes terminal at China's Nansha Port PSA Corporation is keen to invest and operate a fifth mainland China container terminal in Nansha, at the mouth of the booming Pearl River Delta manufacturing area, and expects nearby Shenzhen terminals to overtake Shanghai in container throughput this year, its new China head revealed.
China to overtake S Korea, Japan as biggest shipbuilder: academic CHINA will overtake both South Korea and Japan as the world's biggest shipbuilding nation by 2015, leveraging its labour cost advantages and productivity improvements, but must cut manpower and reduce its reliance on foreign expertise, industry experts say.
Cosco Shipping expects profit to double this year COSCO Shipping Co, a unit of China's biggest shipping company, said profit this year may almost double after it acquires 40 second-hand vessels from its controlling shareholder for 376 million yuan .
P&O Ports Canada plans US$98m expansion P&O Ports Canada said it plans to invest C$130 million during the next 18 months, doubling the capacity of its Vancouver container terminal.
Air and Land Transport
SAS clinches deals with labour unions SAS Group, the largest Nordic airline, said it reached agreements with its 39 labour unions that will help it save 1.5 billion kronor a year by 2005 in an effort to return to the carrier to profit.
US Airways seeks pay cuts to ward off Southwest threat
Alitalia adds routes as it charts path to profits
Loss to narrow 79% this year: Indian Airlines
Japan's trains speed to punctuality record
Tiger Air to lease four Airbus A320s
Admiralty Casebook
Demise charter claim dismissed as a sham to avoid liability THE High Court last month dismissed a claim by a shipowner that it had 'demise chartered' two of its vessels, ruling that the alleged demise charter was nothing but a sham to avoid liability for the loss of cargo that it had contracted to carry.
Tightening supply pushes US East Coast markets higher
Montreal barge back mid-April, Seaway opening on schedule The annual opening of the St. Lawrence Seaway was on schedule for today. With more vessels passing by Montreal, the local bunker market is expected to return to life after winter hibernation.
High winds hamper Turkish bunker deliveries Bunker deliveries left to discretion of barge master with winds of gale force 6 and 7 forecast into the weekend, players report
Congestion persists in Singapore, supporting bunker market In addition to the tankers clogging up terminals due to cargo loading operations, some said recent healthy bunker demand contributed to the terminal congestion. "Any little peak in demand can cause delivery problems" one supplier commented.
Gas oil values seen rebounding on stock draw and higher demand There was keen buying in the physical gas oil market today. A drop in Singapore's stock levels of middle distillates and expectations of rising Chinese demand were also supportive.
Tokyo avails tighten into the end of March
Study: Ships are biggest urban polluters in US New Los Angeles terminal enabling ships at dock to turn off engines and use onshore power soon to be unveiled, say reports
Singapore residual stocks fall despite arbitrage arrivals With more fuel oil cargoes arriving, the draw could be temporary. Meanwhile, Chinese buyers were sourcing more fuel oil from Singapore in March, a trend forecast to continue in April.
AP Moeller expected to announce 27% profit jump Poll results suggest high oil prices offset slide in dollar against Danish crown, boosting profits.
Society chief says double-hulls not enough Bernard Anne from Bureau Veritas warns that 'mega' containerships, now carrying up to 18,000 mt of fuel, were potentially a major risk of bunker spills.
Rotterdam: Barges firm despite softer crude
One-day national strike to disrupt bunker deliveries in Italy
Shell follows Blair into Libya ROYAL Dutch/Shell is set to build a liquefied natural gas and exploration business in Libya, following other European oil companies, after signing an agreement with the Libyan National Oil Corp yesterday.
Stelios shelves hiring of easyCruise boss STELIOS Haji-Ioannou has shelved plans to recruit a chief executive for his fledgling easyCruise venture, and settled on hiring a marine director instead.
Scarce boxes a boon for lines CONTAINER lines have been stung by a massive increase in equipment costs since the start of the year as rocketing steel prices hit manufacturers. But this may not be bad news for the carriers.
Lloyd Triestino in Canada venture LLOYD Triestino and CMA CGM are to launch a service between northern Europe and Canada next month, writes Janet Porter.
Buoyant TT Club eyes upgrade LEADERS of the Through Transport Club are confident the mutual is on track to persuade a top credit rating agency to restore the prized A rating it lost in 2001.
Blohm+Voss to bid for Pride repair HAMBURG shipbuilder/repairer Blohm+Voss has put in a bid to repair the damage caused to the NCL cruise ship Pride of America by its part-submerging at Lloyd Werft in Bremerhaven
Smit does not fear watchdog probes SMIT Internationale stressed today that it does not fear the investigation being carried out into its activities by Dutch competition watchdog Nma
Dover unfazed by haulier claim THE UK's Port of Dover has dismissed hauliers' claims that congestion was forcing many to abandon the Dover Straits' ports for the East Coast
Dubai emerges as Cochin contender DUBAI Port International has today emerged as one of two successful bidders for Cochin's long awaited transhipment terminal development
TT Club refocusing pays off TT Club's policy of focusing on positive underwriting results and dropping loss-making and marginal business paid off in the 2003 financial year
UK invests to take loads off roads AN innovative 2,211dwt multi-purpose pontoon vessel has been launched in the UK to take abnormal indivisible loads off UK roads
Steel shortage prevents Singamas from taking forward orders Container builder Singamas has confirmed the severe shortage in steel is preventing the company accepting any forward orders beyond May this year.
New Asian feeders as MSC streamlines Capricorn service
Nervous Auckland bans TOL ship
Lloyd Triestino announces new North Europe to Montreal service
Lloyd Triestino and CMA CGM to add second PTP call to ADEX
Yang Ming deliveries offer competitive edge
Dubai Ports International wins Cochin Port bidding
OMI still vulnerable? Lawyers say jurist could hit Connecticut tanker owner harder if new allegations stand up.
TT Club jilts Bolero Insurance mutual walks off the floor as it writes down investment in slow moving electronic bill of lading venture.
'T' for Texas, terror too FBI warns US Gulf refineries that they may be targets of terrorist attacks, but says it can't corroborate threat.
OMI reports pollution charges Company uncertain how allegation of 'Marpol' violation by crew member might affect pending sentencing in earlier criminal case.
Hual turns to Croatia Leif Hoegh's car carrier arm charters two partly owned newbuildings to be built at Uljanik.
Yachtsman at the helm Chemical tanker owner Johan Hvide of Bergen based Seatrans is elected president of the Norwegian Shipowners' Association.
Nenaco cash talks in peril Bust-up between Philippine owner and shipyard threatens new investment.
Fredriksen ready to spend again Tanker owner linked to funding for Royal Nedlloyd buy out of P&O's box stake.
UK ferry numbers down International voyages fall in 2003, but more passengers use domestic routes.
Smit doubles its money Dutch salvage outfit benefits from spate of casualties and boom in heavy lift business during 2003.
PTP wins eastbound call Lloyd Triestino and CMA-CGM's China-Adriatic Express expands service with extra Malaysian stop.
Another bump for Polembros Panamax bulker collision is second this week for Greek owner.
Unions call for subsidy protest Members urged to turn out in support of state aid for struggling Dutch yards.
Pepel exports resume Sierra Leone to renovate Atlantic port in bid to revive war ravaged iron ore trade.
Another Dutch yard in trouble FNV union may force bankruptcy at Schram & Van Beek over unpaid wages.
Belize claims flag progress Central American register aiming for acceptance as it attracts biggest ever ship.
Auckland agrees dredging deal New Zealand port appoints contractor for Axis Fergusson container terminal reclamation work.
Horizon renews with Maersk US liner operator extends terminal and equipment agreements with Danish giant's US arm.
Höegh takes stakes in car carriers ordered by Gram HUAL has signed a long-term charter for two car carriers ordered by the Norwegian investor Peter Gram from Uljanik ...
1,000 SECU-boxes to Varberg Terminal West in Varberg on the West Coast of Sweden has won an order to store and adjust 1,000 giant ...
Swedish Parliament: Tonnage tax an urgent issue The Swedish Parliament has put pressure on the Swedish Government by calling the inquiry into a tonnage based tax system ...
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