Transport

Monday Interview: Stobart boss Andrew Tinkler

Telegraph transport - Sun, 19/05/2013 - 22:41
Stobart has hit some bumps in the road lately but its boss is determined to put it back on the path to profit.    
Categories: Transport

Rail fiasco adviser retiring

Telegraph transport - Sat, 18/05/2013 - 21:00
One of the civil servants caught up in the Department for Transport's West Coast Main Line franchise fiasco is to retire later this year.    
Categories: Transport

FirstGroup chairman Martin Gilbert set to resign amid £600m rights issue

Telegraph transport - Fri, 17/05/2013 - 21:06
The long-serving chairman of the FirstGroup transport business, Martin Gilbert, is set to resign next week and the company launch a £600m rights issue.    
Categories: Transport

Capital and country - Britain needs both

Telegraph transport - Fri, 17/05/2013 - 19:24
Telegraph View: The regional towns and cities continue to be left floundering in London's wake    
Categories: Transport

Forget three runways, Heathrow needs four

Telegraph transport - Fri, 17/05/2013 - 19:13
Airport chief executive's submission to the Davies Commission only tells half the story.    
Categories: Transport

Shipowners gain protections in spill case

Fairplay feed - Fri, 17/05/2013 - 16:18
A PRECEDENT-setting case in the US has provided shipowners expanded protections when chartering their vessels.
Categories: Transport

Two VLCCs booked on period charters

Fairplay feed - Fri, 17/05/2013 - 14:15
TWO VLCCs have been booked on period charters as freight rates began firming last week, said brokers.
Categories: Transport

Euroseas: no recovery till 2014

Fairplay feed - Fri, 17/05/2013 - 14:13
NASDAQ-listed Euroseas today reported widening adjusted losses and founder Aristides Pittas expressed pessimism on near-term rates.
Categories: Transport

Capesize rates see further correction

Fairplay feed - Fri, 17/05/2013 - 10:41
THE Capesize market has seen further correction this week, as charterers have more tonnage to pick from.
Categories: Transport

NYK sets up consortium for Cameron LNG

Fairplay feed - Fri, 17/05/2013 - 10:25
JAPAN’S NYK and compatriot Mitsubishi Corporation have set up a consortium, Japan LNG Investment, to possibly participate in the Cameron LNG project.
Categories: Transport

ICTSI eyes $200M from stock offer

Fairplay feed - Fri, 17/05/2013 - 09:36
PHILIPPINES port operator ICTSI has set out to raise about 8.2Bn pesos ($200M) from the sale of up to 90M shares.
Categories: Transport

Slow growth ahead for liner shipping

Fairplay feed - Fri, 17/05/2013 - 05:41
THE CONTAINER shipping industry will face years of slow growth and even when the global economy starts to accelerate, liner trades will not reach the fast growth rates of the pre-crisis era.
Categories: Transport

India's steel majors get charter freedom

Fairplay feed - Fri, 17/05/2013 - 05:31
NEW DELHI has given freedom to state-owned Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to undertake direct chartering of ships without going through the centralised chartering organisation under the ministry of shipping, Transchart.
Categories: Transport

Davie seals LNG ferry order

Fairplay feed - Fri, 17/05/2013 - 05:25
CANADA'S newly reactivated Davie Shipyard has signed a C$125M ($123M) order for two dual fuel LNG ro-pax ferries with Saint Lawrence River ferry operator Société des Traversiers du Québec (STQ).
Categories: Transport

Lauritzen makes expected interim loss

Fairplay feed - Fri, 17/05/2013 - 05:12
J. LAURITZEN Holding, the privately owned Danish product tanker, drybulk carrier and gas carrier group, has reported a deep loss for 1Q13, in line with its board’s expectations.
Categories: Transport

Better performance tipped for STX Pan Ocean

Fairplay feed - Fri, 17/05/2013 - 04:56
EMBATTLED STX Pan Ocean could see earnings improve for 2Q13 as it takes delivery of ships tied to long-term contracts, amid a seasonal uptick in coal demand.
Categories: Transport

Mariners missing in 3-ship collision

Fairplay feed - Fri, 17/05/2013 - 04:44
SEVEN seafarers are missing today after a three-vessel collision in the section of the Yangtze River in east China, Xinhua News Agency reported.
Categories: Transport

Senate passes harbour bill

Fairplay feed - Fri, 17/05/2013 - 04:43
US LAWMAKERS passed for the first time in six years a bill that helps maintain and improve US harbours.
Categories: Transport

Bulker crew ‘seriously injured'

Fairplay feed - Fri, 17/05/2013 - 04:38
A FILIPINO mariner sustained “serious injuries” while doing maintenance work on board bulk carrier Nordic Visby at Tauranga Port in New Zealand.
Categories: Transport

Cost cuts help Maersk Line profit

Fairplay feed - Fri, 17/05/2013 - 04:30
MAERSK Line has reported a profit for 1Q13 compared to a loss a year earlier.
Categories: Transport
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The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more