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| FEBRUARY 4, 2003 |
Shipping News
- Shanghai's port reforms aim to boost efficiency
CHINA'S largest port is being reorganised in a bid to develop Shanghai into an international centre of maritime commerce.
- Growth at China's top 10 ports up 35%
CHINA's top 10 container ports averaged unprecedented growth of 35 per cent in 2002 - collectively handling 7.832 million more TEUs than in 2001, and show no signs of slowing.
- New US cargo rules slightly slow HK container traffic
CONTAINER shipping traffic slowed on Sunday at the sprawling Hong Kong, but maritime officials reported no serious disruptions as the US Customs Service began enforcing new anti-terrorism rules on cargo bound for American ports.
- Daewoo, Hanjin win contracts worth US$410m
DAEWOO Shipbuilding & Marine Engineering Co and Hanjin Heavy Industries & Construction Co received ship orders worth a combined US$410 million, benefiting from a rebound in global trade and demand for safer oil tankers.
- Russia's biggest oil port reopens
RUSSIA, the world's No 2 oil supplier, reopened its largest oil port, at Novorossiisk on the Black Sea coast, after it was closed for most of last week because of storms, the Energy Ministry said.
Air and Land Transport
- Boeing team may have to speed up shuttle replacement
BOEING Co and Northrop Grumman Corp may be asked to speed development of a replacement for Nasa's ageing fleet of manned spacecraft after the destruction of the 22-year-old Columbia shuttle on Saturday, analysts said.
- Dutch group decides not to buy Air Lib
- Qantas averts strike by baggage handlers
- JAS may ask for more time to pay 116b yen debt
- Ryanair in talks with Boeing to increase jet order
- Trinidad airline lays off one quarter of workers
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| FEBRUARY 4, 2003 |
- Pearl River Delta investment on table for SAR Government
- Lykes Lines adds San Juan to Med west coast North America service
- Container Security Initiative deadline drives INTTRA growth
- Port of Singapore's throughput rises 9pc in 2002
- ShipServ and iShipExchange merger creates US$1b market
- MLO representatives walk out of high level Dhaka meeting
- Swiss obtains rights for daily flights to Tokyo
- UA considers creating low-cost carrier, pilots union hates idea
- Korean Air named 2003 Cargo Airline of Year by ATW
- FedEx gets paws on write stuff
- UPS adds World Ease service
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| FEBRUARY 3, 2003 |
- BAA profits growth slower
Profits growth at BAA, the UK airports group, was slowed to 1.1 per cent by higher interests and the cost of rising capital expenditure at London Heathrow.
- Competition authorities approve Loomis takeover
The Canadian competition authorities have approved the takeover of the Mayne Group Canada by DHL Worldwide Express on 31.01.2003.
- UAL Q4 loss of $1.4 billion
United Airlines parent UAL Corp, the world's second largest airline company, said its fourth quarter loss widened to $1.47 billion, reflecting growing costs that pushed it to seek bankruptcy protection in December.
- KLM: more freighter capacity to Asia
KLM Royal Dutch Airlines will adjust capacity to many destinations during the summer of 2003 due to market circumstances.
- Deputy chief PSA to retire
The man who led PSA Corporation's international expansion, Goon Kok Loon, will retire on March 1 after 37 years at the terminal operator.
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| FEBRUARY 4, 2003 |
- Pradip Shah on SCI Board
- Congo is 100th country to become member of World Cargo Alliance
- Enforcement of 24-hour rule begins - US Customs to issue ‘Do-Not-Load’ messages for violations
- James Dozier to explain New Customs rule today
- Flower exporters’ hearts throb faster as V-Day nears
- LPG exports to Nepal, Bhutan allowed
- Final dumping duty on graphite electrodes from Poland, Brazil Italy largest buyer of coffee
- 8 MoUs involving Rs 100-cr. signed
- Chennai leather fair draws crowds
- Exports post 34 pc increase in Dec. 2002 - April-December performance up by 21 pc
- Forex reserves swelled by $ 1,053 million
- Petrol, diesel prices hiked by 40 paise
- RBI lists reasons for forex surge
- Commercial vehicle sales surge ahead by 32 pc
- CSO data reveals impressive 5.6 pc economic growth in 2001-02
- Plan outlay for food processing sector trebled, says Minister
- Plea for plantation development bank
- FAPCCI seeks CEGAT bench at Hyderabad
- CII organising study mission on TQM & TPM tomorrow
- New CLE office-bearers
- Workshop on JPC Data Base on steel industry today
- WTC authorised to issue Certificate of Origin
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| FEBRUARY 3, 2003 |
- OPEC may cut production in 2nd quarter of this year
- Venezuelan strike moves
- Daily bunker market report from Praxis Energy Agents
- Pakistan State Oil Co. HQ hit in bomb blast
- Novorossiysk: Navigation resumed
- Rotterdam: Bunkers stable despite crude fall
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| FEBRUARY 3, 2003 |
- US Customs adamant about Air Advanced Manifest System
- Merger between Caljan and Rite-Hite Europe
- Booming container traffic on the upper Elbe
- CNF: turnaround results in 2002
- Wilhelmshaven : green light to the deep-water port project
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| FEBRUARY 3, 2003 |
- Liner operators demand priority
- "Seawheel Rhine" under repairs in Hamburg
- "Limburg" up for sale
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| FEBRUARY 3, 2003 |
- Coast Guard holds security act meeting today at Boeing Field in Seattle
- Ward takes chair of CSX Corporation
- Department of Transportation offers free pocket guide of transport information
- MARAD funds back construction of pair of container ships for Matson
- Coast Guard inspectors look into grounding cause for Marine Chemist
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| FEBRUARY 4, 2003 |
- Shuttle to hit marine insurers for $17m
MARINE cargo insurers in London face a hit of around $17m from a slice of cover associated with the ill-fated Columbia space shuttle.
- LevelSeas voyage ends with Clarksons buy
AFTER months of intense speculation, major e-broking platform LevelSeas was finally acquired by shipbroking investor Clarksons yesterday for an undisclosed sum following a LevelSeas board meeting last week, writes Mark Warner.
- Ice vessel row causes rift in Baltic
A POLITICAL storm yesterday gathered force in the northern Baltic as Finland called on Russia to halt a tanker sailing the frozen Gulf of Finland and threatening an environmental disaster greater than the Prestigeoil spill, writes Jerry Frank.
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| FEBRUARY 3, 2003 |
- Prestige clean-up could hit $344M
- Dubai in talks on contentious CSI
- SCI sold by March: Srivastava
- Chavez claims production rebound
- Sickness hits Sun Princess
- Yucatan ferry awaits Cuba approval
- Clarksons acquires LevelSeas
- MarAd confirms guarantee for Matson
- Tehran to boost transit trade
- Iran plans for Caspian expansion
- Audit targets Prestige failings
- Bangladesh seeks waiver extension
- Shippers demand costs are clarified
- Algeria suffers several groundings
- Stemnitsa prompts ice debate
- Caspian terminal adds link to chain
- Japan imports less crude oil
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| FEBRUARY 3, 2003 |
- 24-hour rule: All quiet so far
Neither carriers nor the World Shipping Council said they had received reports of Customs ordering containers held for non-compliance. The Chinese New Year could help explain that.
- CSI kicks in at Bremerhaven
Five U.S. Customs officials have been stationed at the North Sea port to support checks carried out by German agents on containers heading across the Atlantic.
- Customers re-evaluating technology needs, executives say
Technology providers say fallout from the dot-com dust-up emptied corporate budgets in 2000, and the dot-com era that inspired indiscriminate technology spending is gone.
- BAA profit rises on strong cargo volume
- Russian ship sinks in Black Sea
- Fourth-quarter earnings jump at Airborne
- KLM to boost cargo capacity in March
- Hanjin Heavy Industries wins German ship order
- Developer offers new online service for air cargo
- Most flights operating normally despite strike, Air France says
- Schneider Logistics names director of business development
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| FEBRUARY 3, 2003 |
- US Customs’ says 24hr rule gets 100% compliance
Despite industry fears that containers would be stacked at ports around the world, full implementation of the US Customs Services’ 24-hour rule appears to have gone smoothly.
- Antwerp PA consults West Bank customers on Phase 3 West
Antwerp Port Authority has said it will consult with existing customers on the Deurganckdok on the next stage of its development.
- Wine exports drive US direct service call at Adelaide
- Soaring South-China volumes to create terminal capacity shortfall by 2010
- Nervy NZ shippers meet advance manifest deadline
- Service ‘rationalisation’ creates new look Vietnam loop
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| FEBRUARY 3, 2003 |
- Sea-Land fined $4m
Damning ruling finds Maersk line guilty of repeatedly abusing equipment swap rules during 1990s.
- Asbestos claims thrown out
Incompetent lawyers sink compensation hopes of 14,000 seafarers.
- Genmar ties up tankers
Newly-expanded General Maritime signs new charters with Skaugen and Glencore.
- Algoma picks Latimer
Canadian owner elects new chairman to replace Hal Jackman.
- Room for improvement
Canadian Shipping Federation blasts government response to September 11.
- TEN to stick to hedging
Tanker owner agrees $50m interest rate swap under new safer strategy.
- Cheng denies newbuilding spree
Shipowner "concerned" at number of ship orders linked to his Shinyo group.
- Up to eight dead as Russian ship sinks in Black Sea
More crew still missing after Strelets ships water in harsh weather.
- Bertram Rickmers bags Hanjin boxships
German owner goes panamax with biggest newbuildings yet.
- Clarkson buys LevelSeas
Broker collects remains of ailing shipping website.
- S&P boost for American Club
Rating agency drops negative outlook as it forecasts $6m profit.
- US terror act premium nosedives
Typical cost of cover falls from $25m to $100 per ship as TRIA panic subsides.
- Limburg put up for sale
Euronav's Yemen blast torn VLCC up for inspection in Fujairah.
- Tankers trickle in to breakers
Strong prices net Ermis tanker expelled by French.
- Knutsen linked to Metrostar newbuildings
Greek owner set to clear out remaining two ships as he sheds fleet.
- K Line goes direct from Japan to Vietnam
Japanese container line teams up with Gematrans for Ho Chi Minh call.
- Port Giles to take panamaxes
Dredging project starting this year to expand bulk exports from Australian port.
- Finland blasts Russia over ice-bound tanker
Concerns raised that ice could crack suezmax and spill cargo.
- Tankers forced aground at Skikda
Teekay and Stelmar aframaxes among ships pushed on to beach in storm off Algeria.
- Bug bites on Sun Princess
Cruise ship is latest in a long line of vessels to suffer from suspected case of Norwalk virus.
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| FEBRUARY 3, 2003 |
- Tidewater Receives high-tech fast supply ship
- CKYH lines resume direct ocean service between Boston, China
- FMC judge levies $4-million penalty on Sea-Land
- DOT requests $54.3-billion budget for fiscal year 2004
- U.S. Customs certifies MSSI as vendor, service center
- KMZ Rosenmann holds telecommunications import compliance seminar
- Bunker oil from sunken "Tricolor" reaches French coast
- Coast Guard allows "Marine Chemist" to sail after inspection
- Port of Tacoma names Zachary planning director
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