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| SEPTEMBER 2, 2003 |
Shipping News
- How to fix costs of govt-built ports: Meredith
PSA Corporation's huge profits could in fact translate to losses if all past capital expenditure and infrastructure costs are taken into account, according to Hutchison Port Holdings managing director John Meredith.
- Hapag-Lloyd, Evergreen chalk up big jump in first-half profits
GERMAN box carrier Hapag-Lloyd posted the third highest profit in its 155-year history, reflecting the ongoing recovery in the liner shipping industry.
- Jurong to build 2 more ships for Wan Hai
JURONG Shipyard has clinched a $110 million contract to build another two container ships for Taiwan's Wan Hai Lines, making the total value of its contract $220 million.
- ICTSI may bid for Puerto Rico, Trinidad port deals
INTERNATIONAL Container Terminal Services Inc , the largest Philippine port operator not owned by the government, said it may bid for port contracts in Puerto Rico and Trinidad and Tobago.
- Houston channel set to reopen
TRAFFIC through the Houston Ship Channel, one of the US's busiest waterways, is expected to return to normal after a tropical storm abated.
Air and Land Transport
- Top Europe carriers' traffic seen up in Aug
THE best performing European airlines like British Airways, Air France and KLM Royal Dutch Airlines can be expected to report that traffic rose as much as 5 per cent in August as the US economy grew and fares fell.
- Some Olympic Air staff to be hired for new carrier
- US airport authority plans US$450m bond sale
- Two airlines mulling move from Moscow's main airport
- Log Book
Bulletin Board
- Bulletin Board
Maersk Sealand's former Singapore-based Asia managing director, Flemming Ipsen, has been named vice-president of corporate affairs for parent company AP Moller.
Port Shots
- Port Shots
A fire on board an oil tanker on Russia's Volga river has been brought under control, transport ministry officials said yesterday.
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- Modern Terminals, China Shipping to develop Shanghai port
- MOL offshoot gets first-class China licence
- Indian ports below cargo target
- Sri Lanka, Singapore look to Cepa arrangement
- HK names bank as adviser on Airport Authority privitisation
- Marketing alliance for United, Air China
- Delta's logistics' arm moves to cover US
- OrderPro moves for freight forwarder
- American to launch codeshare with BA AMERICAN Airlines and British Airways will begin a worldwide codeshare deal on September 17
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- India Steamship posts Rs 4.27 cr. net profit in Q1, faces future with confidence
- "K" Line, MISC & PIL join hands to launch new CSI service
- Ellerman reiterates its commitment to Indian trade
- Ellerman customers will benefit from proven Hamburg Sud service quality-David Barbour
- Forex from auto exports may touch Rs 2,250 cr. in 2002-03
- Edible oil importers preferring Kandla, Mundra & Kakinada ports
- Kandla Port sets new 1-day record in handling marble blocks
- R. R. Sinha sails away with accolades
- Record traffic handled at New Mangalore Port in Aug. - Establishes 2.04 pc growth rate in April-Aug.
- CWC’s container freight station inaugurated at KASEZ; set to become ‘mini-port’
- Recurring labour stir at CWC’s JNP CFS worries trade
- R. R. Sinha sails away with accolades
- Forex reserves up by $ 418 million
- Pharma industry gets a booster dose from WTO
- Govt mulling allowing EOUs, EPZs and SEZs to sell gold jewellery in domestic market - Move to attract FDI, technology
- Greenfield SEZs allowed to buy power directly from NTPC
- Tirupur knitters raise hire charges for fabrication
- Service tax yields Rs 1,800 cr. so far this fiscal
- RBI norms on line of credit with Suriname
- India now 2nd-largest user of anti-dumping law: Macrory
- 2.3 million SSIs registered as per census count
- Forex reserves total $ 85.56 bn
- IMC’s 97th Foundation Day celebrations on Saturday
- BMA to hold IT Convention on Sept. 5, 6
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- Iraq's August exports nearly on target, hopeful for September
Shippers believe Iraq will be able to meet its export target of 800,000 barrels per day for September. With Iraq only counting on the southern outlet for exports, successful exports via the northern pipeline would be an unexpected bonus.
- Broker changes name to reflect ownership
- Broker returns to Bunkerworld
It is our great pleasure to announce that Carlos Nunez has returned to the Bunkerworld and Bunkerdesk team after a year working as a broker with the well-renowned London-based bunker brokers Anderson Hughes & Co. Ltd.
- Better Baltic demand than expected amid avails problems
Demand stayed healthy in the Baltic today despite the American holiday - but supply problems in some ports are causing problems.
- Gravity tugs at crude prices as US driving season ends
The US driving season, which causes peak gasoline demand, typically ends after the US Labor Day holiday weekend, i.e. after today.
- Rotterdam opens week on steady note
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| SEPTEMBER 2, 2003 |
- Change at the top in Maersk Air
- Andrew Weir sells Bank Line to China Navigation
- LanChile introduces new service to Argentina
- TransRail offers new Turkey-Syria-Iraq railfreight service
- TTS and TDG enter a strategic alliance
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| SEPTEMBER 1, 2003 |
- Sulphur emissions from ships could be reduced by trade
- Tordenskjold complications
- Smit confident "Sea-Land Express" will be freed
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| SEPTEMBER 1, 2003 |
- China plans second giant yard
Two 300,000 dwt building docks for Guangzhou
- Blount Boats delivers whale watcher
Crowther designed cat has winter job as Florida ferry
- Kvichak delivers foil assisted survey cat
USACE takes delivery of Moritz
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| SEPTEMBER 2, 2003 |
- Raging inferno on tanker in Volga is finally put out
A Fire which had raged out of control for 48 hours on a Russian tanker carrying 2,000 tonnes of crude oil in the Volga River was finally put out early yesterday.
- PSA Corp and Cosco set seal on Singapore berths deal
BREAKING the mould of common user terminals, China Ocean Shipping Co has signed a joint venture deal with PSA Corp to operate two berths in the port of Singapore.
- Lloyd’s insurers hold their breath for levy cut news
INSURERS at Lloyd’s are eagerly awaiting more good news: they expect the levy they pay to support the market will be reduced in 2004.
- Luftpool close to ending underwriting
THE German aviation pool Deutscher Luftpool is close to ending its underwriting activity, following strong pressure from antitrust authorities on EU and German government levels, writes Herbert Fromme in Cologne.
- Two charged over Wärtsilä and Rolls-Royce fraud
TWO Rederi Gotland employees and two other individuals have been charged with bribery and corruption in the Swedish courts, in what is said to be the largest fraud case involving individuals ever to hit Sweden’s maritime industry.
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| SEPTEMBER 1, 2003 |
- Karachi to sue PNSC for $1Bn
- Operators share on Irish route
- UK boost for escort tug training
- German cruise sector still strong
- Managers charged over bribes
- Surcharge withdrawn 'under duress'
- PSA Corp moves to retain Cosco
- Refreshed HMM sets higher targets
- Security alert closes Dover port
- Italians offer maritime rebate
- Tanker blaze on Volga river
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| SEPTEMBER 1, 2003 |
- PSA joint venture creates world’s eighth largest container terminal operator
Singapore-based PSA Corp has sealed a landmark deal to sell a 49% stake in its Pasir Panjang Terminal to the Chinese shipping giant Cosco.
- Spring tide fails to shift Sealand Express
Attempts by salvors to dislodge the stricken Sealand Express from the Cape Town beach on which it ran aground last Tuesday failed yet again on the weekend.
- Vessel sharing agreement cuts capacity on North Europe routes
- HMM debates expansion strategy
- Hakata opens with storage fee cut
- Reefer box market strength pushes breakbulk rates up
- Conti backs trend towards 8,000TEU ships
- CONCOR commences Mundra rail link
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| SEPTEMBER 1, 2003 |
- Pakistan wants $1bn from Polembros
Compensation demands rise as Tasman Spirit spill fallout worsens.
- Latvian Shipping shares priced to lure buyers
Minimum bid level for state’s 5% block in tanker owner could be less than market value.
- Plate price fall threatens Indian scrap sales
But Greek owner opts to take on ULCC delivery to ensure full price is paid.
- Former ITOPF boss dies
John Archer has died at the age of 82.
- Sea-Land Express stuck fast - for now
Boxes to be flown off as salvors stick it out until next high tide.
- Wan Hai inks Jurong options
Taiwanese boxship owner doubles up on newbuildings at Singapore yard.
- Crowley heads for Haiti
US container line launches link between Florida and Port-au-Prince this month.
- Zim feeds more US Gulf ports
Israeli line adding two US terminals to boxship service in October.
- Golar warns newbuildings may trade spot
John Fredriksen company pushing to grow fleet on all fronts.
- Cosco to take PSA terminal stake
Singapore operator has reversed a longstanding policy to allow Chinese giant to invest in port.
- K Line steps up Med coverage
Japanese container line goes direct to Greece and Turkey from northern Europe.
- Tranz Rail points to operating success
New Zealand ferry and rail group still making a loss, but fundamentals healthier.
- Slight dip at Tianjin Marine
Chinese boxship owner’s profit falls slightly in first half, but revenues climbing.
- Nepline soldiers on with tanker search
But Kuala Lumpur-based shipowner sees losses pile up as chartering returns slide.
- Whangarei lifts tanker restrictions
Arrival of wave measuring equipment has allowed Kiwi port to lift night entry ban on large ships.
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