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| JULY 4, 2003 |
Shipping News
- Strip ABS of its class status, Spain urges EC
THE legal battle between Spain and the American Bureau of Shipping has taken another nasty step forward with Spain calling for Brussels to strip the class society of its status in Europe.
- Turkey unveils hi-tech traffic system to avert oil disasters
WITH 50,000 massive oil tankers transiting the crossroads of Europe and Asia every year, Turkey is putting in place a sophisticated hi-tech traffic system aimed at preventing devasting oil spills.
- Jinzhou Port expects profit in first half
JINZHOU Port Co, a port operator controlled by Chinese billionaire Zhang Hongwei, said it will have a first-half profit, following a full-year loss in 2002, as cargo traffic increased.
- MOL offering direct Korea-Indonesia service
MITSUI OSK Lines is for the first time offering shippers a direct service between Korea and Indonesia, maintaining its edge as a leading provider of high speed Intra-Asia services.
- New ferry service to link Sydney, Tasmania
A new ferry service will link Australia's largest city to its island state of Tasmania starting early next year, authorities announced yesterday.
- Norway fan
VERONICA Salsbury taking a picture of the crippled Norway as it is towed out of Government Cut in Miami.
Air and Land Transport
- Airline bookings returning to pre-Sars levels
SIGNALLING a strengthening recovery from Sars, airline passenger bookings have begun returning to pre-Sars levels, according to Asia's largest air ticketing reservation company.
- Asiana filled more seats in June on rising demand
- Higher compensation for passengers bumped off flights
- United expands commuter flight pact with Mesa Air
- Swiss strikes aircraft financing deal with Airbus
- SAS eyes Baghdad
Admiralty Casebook
- Bill of lading allows stevedore to exercise general lien over cargo
AN English court ruled last week that a bill of lading that gave a carrier the right to sub-contract its obligations on any terms, would bind a shipper even if it meant that the shipper's goods could be detained and sold by the sub-contractor.
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- Senbang forges sea-rail service for China's growing midwest
- PONL official calls for common Int'l ship recycling standards
- Quality drive for HK-registered ships
- MOL to offer direct Korea/ Indonesia service
- Malaysia records May trade surplus of US$1.67b
- Work starts on new Sydney Customs House
- TOTE receives US$12m upgrade at Port of Tacoma
- Ecu opens in Doha
- Korean Air boosts Seoul to Frankfurt cargo service
- CargoTec takes on Yas airfreight handling in Singapore
- SriLankan moves to make Colombo Indian Ocean hub
- THAI announces board, banker changes
- Moscow move to boost BAWC
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- MoS sets Major Ports target of handling 336 m tonnes cargo in 2003-04
- Pakistan signs MoU with India to purchase 10 million kg of tea in 2003-04
- Readymade garments exports up by 13 pc in May
- Afghanistan to buy Indian sugar
- US removes Indian carpets from duty-free GSP list
- FCI to enter fray for direct export of foodgrains soon, says MD
- Shut-out of export boxes at NSICT leaves ex-im trade in the lurch
- Excess cargo will have to find other gateways-Capt. Khare - Until capacity increases ...
- First 72 boxes moved from VCT to CFS
- SC Railway hopes to earn Rs 3,720 cr. from freight handling
- Northern Rly revises short-haul rates to score over road transport
- Rangnekar urges freight brokers to adapt to changing multimodal transport scenario
- Freight target will be surpassed this fiscal: Rail Board Chairman
- Joint venture partner to prepare plan for airports’ upgradation
- Textile Minister to lay foundation for Tirupur apparel park today
- Pak trade team coming today
- Dalip Brar joins Fieo as head of Western Region
- GJEPC to open school for craftsmen
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| JULY 3, 2003 |
- West Coast & Pacific NW : Supply concerns push markets higher
- Firming market dampens demand in Vancouver
- Singapore steady to firm, outlook mixed
Right now there are very mixed opinions in this market as to whether the firm trend will continue, or whether improved avails and easing congestion could cause next week to turn softer. The rest of this week looks firm, but buyers are reportedly sidelining in anticipation of lower prices, only buying last minute when they can no longer wait.
- Japanese market on the rise as avails get a bit tighter
- Firm fuel trend persists in major Asian markets
IFO prices in major Asian markets like Korea, Hong Kong and Japan have shot up by around $10 since the beginning of the week, while distillates remained little changed bar a few blips higher.
- Istanbul still competitive despite huge gains
- St Petersburg firm on tight avails and regional movements
- Italian bunker market blighted by computer problems
Because of problems with going over to a new computer system, ENI has stopped all operations all over Italian ports until further notice. Bunkers stemmed before July 1st, but with delivery scheduled for later dates, have been held up.
- Rotterdam market firm, especicially for prompt
- Round Table urges swift action to curb air emissions from ships
Only four more countries need to ratify the IMO's Marpol Annex VI on the prevention of air pollution from ships to trigger its entry into force. To provide the last push necessary to bring this about, INTERTANKO has sent a personal letter to key ministers on behalf of the Round Table of International Maritime Associations.
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- Senior management appointments at OOCLL
- First owned vessel enters service with UAL
- Major order placed by Qatar Airways
- New intermodal terminal in Cuxhaven
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- Sea rescue exercise in the Gulf of Finland
- Big contracts to Aker Kvaerner
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- Lack of funds could threaten port security
American ports will move swiftly to ensure that they meet a January 1, 2004 deadline to submit security plans to the U.S. Coast Guard. But actually implementing the plans may be another matter.
- LR to class RN destroyers
Lloyd's Register has won its first contract to classify front rank naval combatants
- More orders for MAN B&W 12K98ME-C
German shipowner NVA has placed an order for four 12K98ME-C engines--each delivering an output of 68,510 kW (93,120 bhp)
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- Ceremony marks official opening of upgraded TOTE terminal in Tacoma
- Crowley Logistics buys Miami-based apparel transport firm
- Customs adding new agents to patrol U.S./Canada border
- MarAd creates new website for inland waterways information
- Hillsboro Airport improvements place planes on new flight pattern
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- Bahamas raises fears over stampede to double hulls
PRELIMINARY findings of an investigation into the Prestige disaster have convinced the Bahamas that the International Maritime Organisation should be much more cautious about rushing through new double-hull tanker proposals.
- Confusion over Russian stance on single hulls
SENIOR Russian government officials, who voted last week in Bremen against adoption of new Baltic Sea tanker restrictions, have raised doubt about whether Moscow is for or against the exclusion of single-hulled tankers for oil transport through the Baltic.
- A Dame at a naming, a choir set to sing, these are a few of our favourite things
SERENADED by the choir of the London School of Performing Arts, Dame Julie Andrews yesterday named the latest edition to the Crystal Cruises fleet, Crystal Serenity, at Southampton, writes Neville Smith .
- Clarksons’ shares soar on trade report
CLARKSONS’ shares touched a new high yesterday after the world’s largest shipbroker issued a bullish trading update.
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| JULY 3, 2003 |
- Grain shipments run dry on Lakes
- Iraq oil tanker loads
- Bibby Line expand offshore interests
- Union speaks up for French yard
- Phantom seizures in Santos
- Shareholder battle in Balearia
- NI survey reveals Colregs ignorance
- ANAVE urges tanker support
- Russian oil booms
- Durban terminal re-opens
- Eurogate invests in Wilhelmshaven
- Customs accuses Ecuadorian operator
- CMA CGM continues liner surge
- New monitoring system for Bosphorus
- BG Group signs up for Egyptian LNG
- Heads could roll at PNSC
- Penang Port plans listing
- Korea curbs maritime mishaps
- Car shipment agreement signed
- KSA seeks European co-operation
- Australia lifts Filipino crew ban
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- Feinstein won't call for physical screening of all air cargo
The California Democrat has no intention of introducing language replicating an amendment in a House bill that would scrap the existing known-shipper program and replace it with mandatory X-raying or other physical screening of all cargo on passenger planes.
- Infrastructure and the dreaded 'u' word
Shipping lines, railroads, motor carriers and shippers probably haven't accepted the reality yet, but they will be expected to help pay for multimillion-dollar infrastructure projects through tolls and user fees.
- Atlas Air, lenders reach financing deal
The agreements are designed to keep the cargo carrier out of bankruptcy proceedings for at least another two months.
- Indian container terminal imposes restrictions to ease congestion
- Crowley Logistics acquires Apparel Transportation Inc.
- Norton Lilly opens Iraqi operation
- MOL adds Korea-Indonesia service
- China Southern airlifts massive check-in counters from Europe to China
- Solar International Shipping Agency to adopt Yang Ming name
- Mattingly named to Georgia Ports Authority board
- Hong Kong-China trade deal could benefit transport and logistics companies
- House leader alleges discrimination against U.S. express companies
- International air cargo up 3% in May
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- PSA's risky tariff decision adds to squeeze on feeder lines
PSA Corp has ended discounts intended to discourage defections from its flagship Singapore terminals, a potentially risky decision that will also encourage regional feeder operators to push for rate hikes.
- New ferry to add to Bass Strait competition
The Bass Strait’s pure freight operators will come under further pressure in 2004 following the Tasmanian Government’s purchase of a third Superfast ro-pax ferry.
- Flourishing Korea/China trade gets two more links
- New CSCL Indsub/M.East relay boosts Salalah growth
- Washington ports get lion’s share of security funds
- Joint Brazil feeder adds call at Vitoria
- Slot deal gives MOL Indonesia/Korea option
- Santos loses East Coast Americas string to Rio Cubatao
- Shanghai volumes soar
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- Alstom confirms Gaz tanker
LNG ship scheduled for delivery in 2005.
- Premier settles port charges case
Agreement includes unusual deal with former exec Jeffrey Hentz.
- Jebsen grabs two bulkers in Shanghai
Norwegian group also lines up options for four grab-fitted sisterships.
- UGS slates government
Nicos Efthymiou attacks failure to defend single hulled tanker fleet.
- Sakhalin crude makes US west coast debut
Stelmar tanker ships first Russian Far East cargo to States.
- Q-Ship eyes big aframax order
Qatar owner talking to yards about series of four ships with two options.
- Docenave adds Vitoria visit
Brazilian owner expands coastal container and general cargo route to boost revenue.
- Spill bill heads skywards
Star Evviva bunker pollution rap grows five fold.
- MOL buys into Korea-Indonesia trade
Space-charter deal with Dongnama of Korea aimed at speeding up Japanese giant’s transit times.
- Bergesen cancels UK secondary listing
Norwegian giant prepares ground for going private in next two months.
- Clarkson profits poised to double
UK-listed shipbroker says all sectors are running ahead of budget.
- Mina Al Bakr back on line
VLCC Abqaiq lifts first crude from Gulf terminal outside of 1991 imposed UN Oil-For-Food program.
- Appledore considers vital loan pledge
UK shipyard wins only part of hoped-for government guarantee for newbuilding project.
- Teekay sticks with dividend policy
Aframax giant maintains quarterly payout policy to shareholders of last five years.
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| JULY 3, 2003 |
- Crowley, Frontier Liner in U.S./Caribbean slot charter
- Crowley provides new web-based customer service tool
- MOL takes slots on Korea/Indonesia service
- Atlas Air restructuring could include bankruptcy plan
- International cargo traffic up 3% in May
- Railroads to build intermodal terminal in Memphis
- USTR considers drawback future in free trade negotiations
- U.S., India talks focus on high-tech trade
- Bush administration expands GSP by $900 million
- Crowley Logistics acquires Apparel Transportation, Inc.
- African ports' congestion triggers carrier surcharges
- Expansion of TOTE Tacoma terminal is completed
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