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| NOVEMBER 4, 2003 |
Shipping News
- Probe into bunkering graft scandal wraps up
THE Corrupt Practices Investigation Bureau has wrapped up its bunkering bribery scandal probe, with questions remaining only over one more prosecution.
- Spain shuts border with Gibraltar
SPAIN shut its border with the tiny British colony of Gibraltar yesterday for the first time in two decades because a cruise ship carrying tourists with a viral infection had docked there, officials said.
- KL doubles funds for ports
MALAYSIA's Government has doubled its ports budget in a RM9.7 billion transport infrastructure funding boost.
Air and Land Transport
- Air passenger traffic posts first rise in 7 months
GLOBAL air passenger traffic rose for the first time in seven months, posting a modest one per cent growth in September year-on-year, but the industry will still lose nearly US$5 billion this year, the International Air Transport Association said yesterday.
- Iata to hold summit at Asian Aerospace
- China Air back in the black but EVA reports loss
- EADS seeking to hike revenue 33% by 2006
- Ryanair cuts fares but H1 earnings rise 16%
- Hainan Air's profit slumps
Features
- Start-ups face uncertain future
NO-FRILLS airlines are jetting off around Europe while more traditional carriers struggle, but as with the Internet boom of dot-com ventures, many of these start-ups are in for a hard landing, experts warn.
Bulletin Board
- Bulletin Board
ANDREA Staines has officially replaced Denis Adams as chief executive of Qantas-subsidiary Australian Airlines, as the full-service, all-economy international leisure carrier celebrated its first birthday last week.
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| NOVEMBER 4, 2003 |
- Yantian completes testing of "smart and secure" containers
- Korean claims for typhoon damage forecast at US$25m
- AADA bunker surcharges revised upwards
- Zim climbs ratings in Shanghai
- Gold Star Line to start direct Singapore, Bombay service
- P&O gains efficiencies from tracking maintenance data online
- Bilateral issues on agenda for Singapore group's Vietnam trip
- FEFC to hike winter rates
- North Asia carriers to begin Haneda, Kimpo charter services
- Malaysia Airlines starts Kota Kinabalu to Xiamen flights
- DFW opens longer runway for larger aircraft
- Bartlett named Virgin Blue's next safety systems chief
- LOT Polish Airlines joins Star Alliance
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| NOVEMBER 4, 2003 |
- CP Ships reports 37 pc rise in income in Q3 - Highest net profit since Oct. 2001
- Boom in orders for mega boxships - CMA-CGM, 'K' Line, Yang Ming, Maersk Sealand acquiring 8,000-TEU-plus container vessels
- Cosco to take 50 pc stake in Tianjin venture
- Shanghai now only 22 sailing days away from Le Havre!
- MOL becomes majority shareholder of China unit
- Safmarine opens offices in Congo
- K&N wins logistics & seafreight awards
- ECU-Line to Las Palmas & Santa Cruz
- Heung-A Shipping enters Indian market - ...to launch scheduled weekly service ex-JNPCT
- Maritime Authority of India on anvil
- Grain exports may be resumed from Dec.
- Indonesia may buy Indian wheat, sugar in exchange for palm oil
- CFL introduces first dust-free modern ship unloader
- CONCOR equipping itself to provide all warehousing-related services to users - Move to acquire RTGC, RMGC & grapplers
- CCFS opens modern warehousing facility in Pondicherry
- Air France Cargo to maintain winter schedule in India
- Forex reserves up by $ 962 million to cross $ 91-billion
- New credit policy writes off exporters' overdues by 10 pc from Jan. 2004
- Exports clock 16 pc growth rate in Sept. - Robust 10 pc growth in H1
- GoM to decide on consultant for airport restructuring
- Restore income-tax exemptions for exporters, Jaitley urges Finance Minister
- DGFT removes need for BIS stamp on steel imports
- Inflation rate goes up
- Tyre industry wants basic customs duty on natural rubber reduced to 10 pc
- Govt proposes structural set-up for India-Singapore Fund
- Foreign exchange reserves touch $ 91.9 bn
- A. K. Bal assumes charge as MbPT Deputy Chairman
- MbPT Officers' Assn felicitates A. K. Bal
- Experts roll out formula to make India an integrated manufacturing hub
- Ficci survey on India-Russia trade calls for reducing uncertainty on payments
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| NOVEMBER 3, 2003 |
- Oil gains reversed on warm weather and rising exports
Forecast for warmer-than-usual weather in the US Northeast, the world's biggest heating oil consumer, and reports of growing exports from Russia and Iraq, has overshadowed the bullish flavour seen in the oil market earlier today.
- MPA urges caution and preparedness as pirate attacks soar
The MPA circular coincide with a sharp increase in piracy incidents in the Malacca and Singapore Straits, as world-wide piracy attacks hit the highest level in more than a decade.
- Further delays to improvement of Iraq's oil export capacity
- Greece: New trader for Transoil
- Istanbul eases gently into the new week
- Great Belt quiet, market firm
- OPEC comments puts some bounce back into crude
OPEC President Abdullah al-Attiyah told reporters that OPEC will take "necessary steps to ensure that an ordinary level of stocks are maintained this winter".
- Rotterdam market firm
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| NOVEMBER 3, 2003 |
- New appointment to board of TPF Forwarding Network
- New Germany-Estonia service
- Polish flag carrier LOT joins Star Alliance
- Finland-China blocktrain service via Zabaikalsk expands
- Menlo Worldwide Logistics opens logistics centre in Korea
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| NOVEMBER 3, 2003 |
- Intertanko looking for single-hull compromise
- Foreign investment could suffer after Yukos affair
- Norwegian success at Kormarine 2003
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| NOVEMBER 3, 2003 |
- CMA picks next Commodore honoree
Connecticut Maritime Association names Peter C. Georgiopoulos
- New England Fast Ferry orders cats
Two from Derecktor
- MARAD scrap ships hit snag on way to U.K.
British Environmental Agency says authorizations are invalid
- PVA security plan approved
Alternative way to meet MTSA requirements
- Tenix Defense delivers SAR vessel to Phillipines
Fifth of six vessel series
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| NOVEMBER 3, 2003 |
- Cutter HEALY returns to Seattle following circumnavigation mission
- Washington governor oversees signing of China/Weyerhaeuser forrestry pact
- Schnitzer Steel board Oks quarterly stock dividend
- Insurance club predicts drop in damage cost for Typhoon Maemi
- Port of Portland invites public to take part in Strategic Plan meeting
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| NOVEMBER 4, 2003 |
- Spain isolates Gibraltar as virus ship Aurora docks
SPAIN shut its border with Gibraltar for the first time since 1985 yesterday, amid health fears following the arrival in the British colony of virus-hit P&O Cruises ship Aurora .
- Algeria looks again at CNAN stake sale
The Algerian government is to make a fresh attempt to attract foreign investors into the country's shipping sector via a plan which will see the main activities of state-owned Compagnie Nationale Algerienne de Navigation spun off into operational subsidiaries open to foreign investors.
- Singapore urges a hi-tech clamp on pirates
Singapore authorities have urged ships to have a security plan against piracy and surveillance devices as attacks hit a new high, writes Marcus Hand in Singapore.
- Tasman Spirit P&I club in fresh plea to Pakistan
THE American Club, the P&I club for the Tasman Spirit , has again urged Pakistan to respond to proposals to establish a framework for compensation, to allow removal of the wreck and pave the way for the crew's release.
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| NOVEMBER 3, 2003 |
- Greeks refuse French asbestos deal
THE Greek government has blocked any attempt by local shipyards to remove asbestos from the French aircraft carrier Cl'menceau because the vessel represents a danger for the yards' employees and for the environment
- Tricolor: still 2,500 cars to find
WORK to refloat the remaining sections of the car carrier Tricolor is expected to take another 60-70 days, if the weather permits
- Spilled zinc poses little threat
AUTHORITIES in Scotland believe zinc sulphide still on the wreck of the dry cargo vessel Jambo poses little risk to the environment after recovery attempts were abandoned
- DML avoids Appledore job promise
DEVONPORT Management Ltd, the leading bidder for the UK's Appledore shipyard, says it cannot provide a guarantee of the number of jobs saved
- Collision dredger impounded
INVESTIGATIONS are underway by the police and the UK's Marine Accident Investigation Branch after the 681gt dredger Donald Redford ploughed into Hythe Pier
- Matutes sells Trasmed stake
GRUPO Matutes has sold a seven per cent stake in Trasmed after its deal with majority owner Acciona was approved by Spain's state industrial holdings company
- Italian ferries win registry gains
- Israel's 'mega strike' fizzles out
- France predicts flag fleet doubling
- Border shut as Aurora reaches Gib
- Smuggler ship sinking investigated
- BC Ferry workers vote to strike
- Thai bulker shares ride high
- MMM reports higher profit
- China's iron ore imports to surge
- PSA to be restructured
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| NOVEMBER 3, 2003 |
- C-TPAT will recruit foreign shippers
U.S. Customs plans to open a key cargo security program to overseas manufacturers, a top agency official said.
- Short-sea shipping only a few years away, says Marad chief
Maritime Administrator William G. Schubert says that the U.S. could have the beginnings of a coastwise shipping industry in three to five years.
- Record year for Korean builders
Orders for the first nine months of the year totaled $18.7 billion, a gain of 244 percent over 2002.
- Retailers to stock up: FedEx economist
- Winter surcharge for Russia port
- High gear for Overnite shares
- Volga-Dnepr names chief of Asia-Pacific sales
- Ports, trains stopped by Israeli strikes
- Menlo opens Santos office
- Railroads to improve Chicago-Miami intermodal
- New system stirs debate on smart containers
- U.S. international air cargo falls
- At Air Cargo Americas: Northbound LatAm rates rise
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| NOVEMBER 3, 2003 |
- HK-US trade remains strong, despite direct services to China
A TSA study released today reveals a positive outlook for continued Hong Kong (HK)-US cargo growth, with increased US consumer confidence and spending.
- Worker killed at Nhava Sheva container freight station
- FEFC plans rate rises, but sees trade imbalances rise
- Container lines say extra fees essential
- Piracy must be taken more seriously, says IMB report
- Maersk Inc President warns against over-simplification of security measures
- HHLA's Tollerort keeps up gradual extension and steep growth
- Israel general strike averted, effect on ports 'marginal'
- Kuala Lumpur boosts port funding to meet growing demand
- Safmarine opens South American offices to meet growth
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| NOVEMBER 3, 2003 |
- CMA honours Georgiopoulos
General Maritime supremo nabs Commodore Award for 2004.
- EXA plans private placement
Cruise time-share company appoints new head and unveils fund-raising strategy.
- Berlian Laju buttresses profit
Indonesian tanker specialist builds earnings in first three quarters.
- Nigerian ports crisis
Freezing of accounts follows sacking of board and management amid privatisation claims by unions.
- Huge claim inflames spill row
American Club steps up Tasman Spirit protest as $1.78bn demand filed.
- Volumes grow at Prisco
Russian tanker owner's ships carried 12% more cargo in the first three quarters.
- Aker's Philly story goes on
More questions asked about funding and new orders at US shipyard.
- Sincere in the money
Taiwanese bulker owner manages to lift net profit above revenues in first nine months.
- Manitowoc set for bond sale
US shipyard group plots $125m issue to refinance existing debt as profits rise.
- Malaysian Merchant's profits edge up
Kuala Lumpur-listed owner sees modest year-on-year increase in net profits, despite tough fourth quarter.
- Union strikes pay deal at Malta Drydocks
Med ship repairer to pay workers up to $41 per week extra.
- Eimskip slips
Icelandic group's profits down in first nine months, but boxships and investments provide third quarter boost.
- Big John in seventh heaven
Fredriksen well ahead of Stelios at no 7 in filthy rich list.
- T&E Bulker's man in Brazil defects
Peter G Hansen has quit Tschudi & Eitzen Bulkers' office in Rio to work for a competitor.
- Noble name new CFO
Ex-Goldman Sachs man appointed chief financial officer at owner and commodities trader.
- Aurora set for Gibraltar
Bug-hit cruise ship allowed to dock in British colony, but only healthy passengers to be allowed off.
- "Ship of shame" saga hits Aussie exports
Australia's live export trade took a beating in September, due in part to the Cormo Express fiasco.
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| NOVEMBER 3, 2003 |
- A.P. Moller names new post-Panamax ship
- Safmarine opens offices in Argentina, Uruguay
- Europe/West Africa carriers implement Nigerian tax surcharge
- Tung rejects "ill-conceived" shipping regulations from developed countries
- Third-quarter net profit up 39% at COSCO affiliate
- International Asset Systems handles container depot data for P&O Nedlloyd
- IMB warns of dangers from pirate attacks against small tankers
- Simpson takes controls at express carrier group
- U.S. awards grant to develop intermodal container network in China
- RailAmerica to unload overseas operations
- U.S.-flag Great Lakes carriers' iron ore prospects remain dismal
- Top cargo security advisor McGowan leaves DHS
- Canadian project cargo forwarders merge
- FMC reviews 7 OTI applications, revokes 3 licenses
- Bonner promotes "smart seals" for C-TPAT program
- Advance manifest rules still await sign off
- USDA proposes new category for regions infected with BSE
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