Transport

Core UK operations remain a drag on Flybe

FT.com transport - Fri, 10/02/2012 - 22:18
Fourth-quarter results in line with expectations following profit warning last month, despite demand for the company’s aircraft maintenance services
Categories: Transport

Bidders ready to battle for Edinburgh Airport

FT.com transport - Fri, 10/02/2012 - 17:39
At least five parties are due to make offers by Monday, including Global Infrastructure Partners and private equity groups 3i and Carlyle
Categories: Transport

IEA cuts forecast again

Fairplay feed - Fri, 10/02/2012 - 16:32
THE IEA today further pared its outlook for global oil demand growth in 2012, to just 0.9%.
Categories: Transport

Huge eastern Europe sugar duty rise agreed

Fairplay feed - Fri, 10/02/2012 - 16:32
RUSSIA, Kazakhstan, Belarus and Ukraine have decided on a huge rise in the minimum duty on imported sugar.
Categories: Transport

FSL wants tankers back

Fairplay feed - Fri, 10/02/2012 - 16:32
SINGAPORE’S FSL Trust told embattled Berlian Laju Tanker today it wants three leased vessels back.
Categories: Transport

Rhine links ice up

Fairplay feed - Fri, 10/02/2012 - 16:13
LINKS between the River Rhine and Germany’s canal network are reportedly being shut today, halting cargoes being transported between industrial sites in the west to Hamburg, Berlin and other cities.
Categories: Transport

APL joins phase-out of US chassis

Fairplay feed - Fri, 10/02/2012 - 15:53
APL SAID today it will begin phasing out its US fleet of truck chassis used to haul containers.
Categories: Transport

Bulker handed back

Fairplay feed - Fri, 10/02/2012 - 15:43
AS PRESSURE in the charter market rises, Simeon Palios-led Diana Shipping today announced the early redelivery of one of its Panamaxes.
Categories: Transport

Flybe escapes hammering as update lays bare pressures in the UK market

Telegraph transport - Fri, 10/02/2012 - 15:06
Flybe's third quarter update laid bare the pressures in the UK market on Friday, as the company received a short respite from the hammering it has received since its flotation.
Categories: Transport

Pirates seize bulker

Fairplay feed - Fri, 10/02/2012 - 14:03
LIBERIAN-flagged Free Goddess has been hijacked by Somali pirates in the Arabian Sea.
Categories: Transport

Richards Bay coal shipments fall

Fairplay feed - Fri, 10/02/2012 - 12:54
RICHARDS Bay in January exported about half the coal it shipped in December 2011, as high coal stockpiles in China discouraged shipments.
Categories: Transport

STX Pan Ocean increases credit line

Fairplay feed - Fri, 10/02/2012 - 12:53
STX PAN Ocean said today two of its substantial shareholders, STX Offshore & Shipbuilding and STX Corporation, would pledge more than 36.
Categories: Transport

Back to the brainstorm

Fairplay feed - Fri, 10/02/2012 - 12:51
SHIPPING is brainstorming for new sources of finance to replace bank funding, Norton Rose’s latest transport survey revealed today.
Categories: Transport

Car carrier sector seen braced for double-dip

Fairplay feed - Fri, 10/02/2012 - 11:14
A LOW orderbook-to-fleet ratio for ro-ros means that car carriers would hold up in a double-dip recession, a report has determined.
Categories: Transport

LNG charter rates hit peak

Fairplay feed - Fri, 10/02/2012 - 11:10
SPOT RATES for LNG carriers continuing to climb today, with the cold snap in Europe and East Asia raising LNG demand amid tight vessel supply.
Categories: Transport

Chemical rates keep firm

Fairplay feed - Fri, 10/02/2012 - 10:54
CHEMICAL demand has softened since the Lunar New Year, but brokers told Fairplay today high bunker prices have prevented a big drop in rates.
Categories: Transport

Pricier bunkers spur March VLCC bookings

Fairplay feed - Fri, 10/02/2012 - 10:24
CHARTERERS of VLCCs with early March stems have started booking tonnage, as a $10 increase in Fujairah bunker prices is sparking anxiety.
Categories: Transport

Humpuss unit bankrupt

Fairplay feed - Fri, 10/02/2012 - 09:55
SINGAPORE’S High Court has declared bankrupt the Singapore subsidiary of Indonesia’s PT Humpuss Intermoda Transportasi Tbk.
Categories: Transport

Supramax rates inch up

Fairplay feed - Fri, 10/02/2012 - 09:42
BROKERS today told Fairplay Supramax rates in Asia are inching up, particularly for coal or nickel ore cargoes out of Southeast Asia.
Categories: Transport

Exposure haunts Euroseas

Fairplay feed - Fri, 10/02/2012 - 09:10
NASDAQ-listed Euroseas has cut its dividend by almost one-third and warned on weak charter demand for its container ships in 2012.
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