Transport
Adani Port profit grows three-fold
GAUTAM Adani-owned Adani Ports and Special Economic Zone (APSEZ) stock hit a yearly high today on the Bombay Stock Exchange (BSE).
Categories: Transport
Slowing deliveries helping Capesize rates
SLOWING newbuilding deliveries are lending support to Capesize freight rates, said drybulk consultancy Commodore Research.
Categories: Transport
Bigger loss seen for NOL
NEPTUNE Orient Lines could be staring at a bigger full-year loss after it made a 1Q13 core loss of $117M, said analysts.
Categories: Transport
China granted observer status
CHINA, together with five other states, has been granted observer status in the Arctic Council, Xinhua News Agency reported.
Categories: Transport
TTA files more losses
THORESEN Thai Agencies posted more losses to 257M baht ($8.6M) in the second quarter ended 31 March, mainly blamed on still depressed dry bulk shipping.
Categories: Transport
Delays seen to hurt Jaya
Delays in vessel delivery are seen to hurt Jaya’s growth over the next two years, said DMG & Partners.
Categories: Transport
TTS in "breakthrough" Vietnam deals
TTS Group, the listed Norwegian maritime equipment maker, says it has won two orders from Vietnam that marks a breakthrough for its ports and logistics business unit into the Far Eastern country.
Categories: Transport
STX Pan Ocean cuts 1Q loss
Beleaguered STX Pan Ocean has announced a 1Q13 loss of $66.5M, compared to a $103.7M loss in the same period last year.
Categories: Transport
More redeliveries for Safe Bulkers
NYSE-listed Safe Bulkers has confirmed its continued acceptance of early redeliveries given pressure on its counterparties.
Categories: Transport
Patrick McLoughlin defends High Speed Rail 2 as 'right for Britain'
Rail project "right for Britain", Transport Secretary insists, after report by spending watchdog says economic benefits are not clear.
Categories: Transport
High Speed Rail 2 business case ridiculed by National Audit Office
A devastating report by Whitehall's spending watchdog demolishing the business case for a high speed rail network has dealt a major blow the Government's flagship project.
Categories: Transport
High Speed Rail 2 business case ridiculed by National Audit Office
A devastating report by Whitehall's spending watchdog demolishing the business case for a high speed rail network has dealt a major blow the Government's flagship project.
Categories: Transport
Linking Heathrow to UK regional airports 'critical' to solving capacity problem, says Howard Davies
Forging better links between Heathrow and regional UK airports is critical to solving London's aviation capacity problem, Sir Howard Davies has said.
Categories: Transport
Strong dollar boosts Hamburg Süd
SHIPPING line Hamburg Süd today posted a 15% rise in turnover for 2012 despite poor trade fundamentals.
Categories: Transport
TTI upgrades grain export scheme
FASTER rail unloading times has caused terminal operator TTI to increase the capacity of a planned grain export facility at the Port of Long Beach.
Categories: Transport
Mainland-Taiwan trade up by 46.5% in 1Q
TRADE between the Chinese mainland and Taiwan in 1Q13 totalled $51.44Bn, up by 46.5% on the same period last year, Xinhua News Agency reported on Wednesday.
Categories: Transport
ESPO "worried" about port regulation
European Sea Ports Organisation has said that it is “worried” about a draft port regulation due to be adopted by the European Commission next week.
Categories: Transport
Chinese steel industry sees 0.9% profit rate in 1Q
CHINA’S steel industry has made a total profit of 2.5Bn yuan ($403M), but with a profit rate of 0.9%, according a report released by China Iron and Steel Association (CISA) on Thursday.
Categories: Transport
Four charged in Singapore
FOUR people involved in illegal bunkering operations have been charged for various offences in a Singapore court, said authorities.
Categories: Transport
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