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| JULY 2, 2003 |
Shipping News
- S'pore-flagged tug hijacked in Indon waters found
A Singapore-flagged tug hijacked nearly two weeks ago in Indonesian waters was found early yesterday after a mysterious tip-off, as escalating pirate attacks off the eastern shores of Bintan prompt warnings for ships to be extra vigilant in the area.
- HK steps up checks on ships in move to tighten security
THE Hong Kong government is stepping up inspections of locally registered ships - which account for about 6 per cent of world tonnage - as part of what is seen as a general tightening of security.
- China shipbuilding firm hits order target ahead of schedule
CHINA's major shipbuilding company has signed deals involving 3.6 million tonnage during the first five months of this year, reaching its annual target of 3 million tonnage seven months ahead of its schedule.
Air and Land Transport
- US may delay air-traffic control upgrading
THE US government may be forced to delay air-traffic control upgrades because current projects are taking too long and costing too much, an inspector's report said.
- TBI opposes third runway for BAA's London Heathrow
- MAS revamps int'l flight schedule
- Air India to resume HK flights next week
- BA, Oneworld slash fares for companies in Germany
- LOG Book
Strait Talk
- A class of societies that needs to improve its act
IF class is to remain relevant, it must remake itself for the modern world, according to American Bureau of Shipping president and CEO Robert Somerville.
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| JULY 2, 2003 |
- Mainland, Hong Kong sign economic pact
- HK firm sees shipping as alternative to road, rail
- Chinese shipping, port magnates join forces in Shanghai
- New distribution centre heralds name change
- JP Morgan teams up with Vastera on logistics
- Rover returns after marathon charity run
- SF Maritime Logistics on the move in Singapore
- Lars Rhodin made Swedish Club deputy managing director
- Cathay Pacific restoring more flights in July, August
- Qantas raises US$450m from debt offering
- Financial lifeline for Midwest Airlines
- Gulf Air resumes service to Hong Kong
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| JULY 2, 2003 |
- Simatech Shipping resumes services to Umm Qasr
- Only 3 Indian companies left in fray for SCI stake
- Steel exporters now eyeing Central Asia
- Export gains likely in chemicals, leather, textiles & diamonds - India-China exchange of tariff concessions under Bangkok Agreement
- India accesses Afghan sugar market
- Move to triple tea exports to Pakistan
- VPT bags ‘Greentech Safety Award’
- JNP handles over 1 m TEUs in Jan-June 2003 - ...racing ahead to exceed 2-m TEU target by Dec-end
- Sinha to address MbPT officers & workers tomorrow
- Rs 40 cr. sanctioned for development of Cochin airport
- Govt to implement new cane pricing formula
- Rise in imports shrinks Q4 BoP surplus to $ 1 bn
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| JULY 1, 2003 |
- Replenishment at last set to improve avails in Panama Canal
- Analysts expect builds in US crude stocks, gasoline draw
- Major US Gulf oil port set to reopen today
- INTERTANKO appoints Bill Box as Managing Editor
- ARA: Prices surge as prompt problems get worse
Prices were surging in the ARA region today following a strong crude close yesterday. But while crude prices eased during the day, bunker prices in the ARA region continued upwards on the back of worsening local fuel oil availability.
- Fujairah numbers unable to resist bullish cargo surge
- Germany: Bominflot staff announcement
- Crude eases as threat from US Gulf storm dissipates
- Rotterdam much firmer following crude gains
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| JULY 2, 2003 |
- Nova Traffic’s new vice-director
- NWA moves Nordic feedering from Hamburg to Rotterdam
- Volga-Dnepr assigns ADP in Italy
- Yusen Air & Sea implements new security product at Frankfurt Airport
- Exel opens new office in Chihuahua, Mexico
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| JULY 1, 2003 |
- New Maritime Security Regulations
Here's the text of the Department of Homeland Security press release relating to the new maritime security regulations published today:
- DNV issues first International Ship Security Certificate
Bergesen LNG vessel is first certified under new IMO security legislation
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| JULY 2, 2003 |
- Sooho Cho succeeds father as Hanjin boss
SOOHO Cho has been appointed chairman of Hanjin Shipping in place of his father, the late Choong-Hoon Cho who passed away last November.
- Spain calls on Brussels to strip ABS of recognition
THE legal battle between Spain and ABS took another turn yesterday after Madrid announced that it would submit a formal request to the European Commission to have the US society’s European recognition revoked.
- MAIB raps lack of dedicated ship lookouts
POOR watchkeeping habits, the "blame culture" of the maritime industry and delaying tactics by lawyers feature in the foreword to the annual report of the Marine Accident Investigation Branch for 2002.
- Pension hopes battered as Maersk sticks to its guns
HOPES of a reprieve for the pensions of former UK-based Sea-Land personnel have been dashed.
- Technip bags Burullus gas deal worth $300m
TECHNIP-Coflexip has clinched a $300m contract from BG-led Burullus Gas Co for the development of three gas fields in the Mediterranean, writes Martyn Wingrove.
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| JULY 1, 2003 |
- US releases interim security rules
- Prisco beats off challenge
- Alert out on new recruitment scam
- UK launches reporting scheme
- Port security scheme to start in NY
- Italian SSS Bureau takes EU role
- Zimbabwe oil lifeline extended
- Spain wants EC ban on ABS
- NZ reports over Tai Ping error
- New World Alliance to feed from ECT
- China opens gate to Oz meat
- EU mulls $271Bn transport investment
- Carnival steps up Oz conquest
- Umm Qasr tariff levels defended
- Australia may lift crew sanctions
- Venezuelan academic quits
- Volgotanker opens White Sea outlet
- Japan PSC move angers N. Korea
- Japanese ferry co goes bust
- Deaths up, but accidents down in UK
- Tirrenia unions fight back
- Jahncke takes over at SSW
- Kuwait warns lines on surcharge
- Minister will "sink the fleet"
- Chittagong draws flak
- Hanjin appoints new chairman
- CSSC beats SARS effect
- Railway strike in Korea ends
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| JULY 1, 2003 |
- U.S. gets new port security rules
The U.S. Coast Guard has published extensive interim rules covering port and vessel security that were required in the Maritime Transportation Security Act of 2002, effective immediately.
- FedEx, UPS want Deutsche Post, DHL execs held in contempt
The trans-Atlantic dispute among the world's package delivery giants over the ownership of DHL Airways grows nastier.
- Manufacturing lags economy in June
- Cho Soo-ho named Hanjin chairman
- Ridge names Homeland Security advisory members
- Horizon suspends midweek sailing
- Panama Canal requiring ship-ID hardware
- Chemical company seeks China dumping sanctions
- OIA, Siriani offer trade group cargo services
- British Airways shifts Moscow airports
- Catano appointed co-chair of trade software subcommittee
- EGL boosts Iraq services
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| JULY 1, 2003 |
- Congested NSICT tells IndAmEx vessel to cut and shut
P&O Ports’ Nhava Sheva International Container Terminal (NSICT) is once again basking in the wrong kind of publicity, after yesterday forcing IndAmEx Chesapeake to de-berth without loading around 700TEU of cargo.
- S.Korea's battle of wills ends, as rail strike is called off
South Korea’s Korea Rail Worker's Union has announced that its strike will end today.
- Malaysian owner puts containerships up for sale
- Asia/Australia peak season surcharges kick off
- Barranquilla re-opens with reduced draught
- Australia cuts navigation charges
- NeCoSS stake paves way for Rhenus intermodal expansion
- Kandla fears carrier defections as THC dispute simmers
- Late founder's son is new Hanjin Shipping chairman
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| JULY 1, 2003 |
- MISC wins 'crazy' rate for AET loan
Initial reports suggest 'extremely cheap' terms.
- E-commerce?
Kings Point cadet uses sea-time to smuggle Ecstasy.
- Smuggling scandal comes to court
Woman alleged to have masterminded Golden Venture case finally charged.
- Shipping industry culture under fire
MAIB launches attack on secrecy, sackings and cover-ups.
- LNG carrier gets Security Certificate
Class society DNV claims to be first off the blocks.
- Strong start for CMA CGM
First quarter shows jump back into profit for focused French containership giant.
- Brodotrogir sacks boss
Croatian yard chief Ignacio Stipoljev has reportedly paid the price for late deliveries.
- Scrap deal boosts Concordia
Swedish tanker owner adds $12m to cash flow from top of the market ULCC disposal.
- Pilotage blamed for Tai Ping grounding
Report says port pilots and tug crew lacked instrument-only navigation training.
- Stern first tanker wins award
Costly Fortum aframax icebreaker is Japanese architects’ ship of the year.
- Jinhui opts for Tsuneishi panamax
Hong Kong owner forks out $22m to take over Mitsubishi resale.
- Tianjin Marine downgraded after loss
Chinese boxship owner’s stock gets "special treatment" on Shanghai exchange after poor 2002.
- Demolition totals lag behind last year’s
Eighteen ULCCs and VLCCs sold by half-year point.
- Baltimore yard down to bare bones
Skeleton workforce kept on at shiprepairer seeking bankruptcy protection.
- Tankerska Plovidba goes public
Trading begins in Croatian tanker owner’s shares as it announces loss for 2002.
- Canada cracks down on Carnival
Three of US owner’s cruiseships detained for fire fighting and ISM deficiencies.
- Libaek confirms broker resignations
But start dates at rival shop Bassoe still under discussion.
- K Line quits SCI bidding
Only three Indian companies left in the running.
- Samsung inks Woodside FPSO
Korean builder beats two compatriot yards plus Spain's Izar to win $60m newbuilding deal.
- Eastbound Pacific volumes on the up
Number of containers moving from Asia to the US in April reached second highest level in six months.
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| JULY 1, 2003 |
- GAO: Withhold Title XI funds until MarAd cleans up program
- Coast Guard posts interim security rules
- CMA CGM targets Near East/Iraqi cargoes
- Maersk Sealand provides online editing of B/Ls
- Sooho Cho promoted chairman of Hanjin Shipping
- MarAd to post inland waterway information on Web
- MTMC offers cargo-handling conference in Hawaii
- Commerce conducts antidumping review for Canadian softwood lumber
- EGL opens logistics front in Iraq
- ILA, Evergreen continue talks after deadline
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
