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| MAY 5, 2003 |
Shipping News
- AP Moeller pays pirates to free crew off Nigeria
DANISH shipping, oil and industrial group AP Moeller took the unusual step of announcing it had recently paid a ransom to secure the freedom of one of its vessels and crew after pirates hijacked the ship off the coast of Nigeria.
- Brunei may build new container port
BRUNEI may build a new port as part of the South-east Asian state's bid to attract new industries and reduce the economy's reliance on oil and gas.
- Hyundai wins order
HYUNDAI Mipo Dockyard Co, an affiliate of Hyundai Heavy Industries Co, said it won US$235 million worth of orders from Greece and Italy to build nine ships to carry petroleum products.
Air and Land Transport
- Screening of air passengers before boarding proposed
THE International Civil Aviation Organization has recommended that all passengers be screened for Sars before being allowed to board airline flights from, or through, infected areas.
- THAI seeks help of other airlines
- Carriers fight spread of Sars
- Emirates posts record profit of 1.05b dirhams
- Swiss Air to create low-fare regional unit to cut costs
- Lufthansa losing 55m euros in sales a week
Dockyard
- Bulkers, general cargo ships lead in PSC detentions
BULK carriers entered with mutual marine liability insurer UK Club accounted for some 40 per cent of Port State Control detentions of the club's vessels, twice their club entry proportion.
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| MAY 5, 2003 |
- MOL, Wan Hai to offer joint JHC Service in late May
- Cosco to implement surcharge for Italy shipments
- Phoenix Int'l calls on Valerie Jansson to be business
- LCIT granted concession to operate new Thai terminal
- MOL opens Panama commercial office
- United Airlines records US$1.3 billion first quarter loss
- SkyCargo transports a record amount of freight in FY2003
- FAA awards landing system contract to Honeywell
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| MAY 5, 2003 |
- Defer implementation of VAT: Traders
- Jaswant announces several concessions for textile sector in Lok Sabha
- Basic Customs duty on vanaspati raised to 100 pc - Customs duty on RBD palmolein cut by 15 pc
- TN to set up AEZs for cashew, banana
- PDEXCIL chief hails excise duty relief granted to powerloom units
- Refinance facility will help apparel exporters: CIAe chief
- Coffee exporters get a whiff of incentives aroma again
- RBI extends validity of Re export credit
- EPCs confident of achieving 20 pc export growth in 2003-04
- Task force proposes lowering of import duty on naphtha to 5 per cent
- Cabinet clears Companies Bill
- Vizag zone shows 19.81 pc rise in excise recovery
- SCI to remain nodal agency for crude transport
- GE Shipping profit gallops by 285 pc in Q4
- Flagging out option under consideration - Tonnage tax delay
- Over 97 pc of UK Club ships pass muster
- Dumping duty on nylon tyrecord fabric scrapped
- Another Dolphin tug joins Mundra Port’s fleet
- Krishnapatnam port jetties to be ready in 2 months: Andhra Minister
- Rise in exports through Cochin Port
- JNPT seeks govt’s nod for capital revamp plan
- P&O Ports takes issue to apex Court; hearing today - Bar on bidding for 2nd JNP box terminal
- 500 opt for ChPT’s VRS scheme
- Anchor Freight Services gets MTO status, plans expansion
- Anand Mahindra chalks out CII’s agenda for action
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| MAY 2, 2003 |
- Oil slips as rally runs out of steam
- Italy: Ban on old Single Hull Tankers coming into force
- African market snapshots
- Bad avails and high demand add to Italy's Mayday hangover
- Crude sees 3rd day of gains after 5-month low
- Singapore bunker prices climb after crude gains
- Rotterdam market firms this morning
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| MAY 2, 2003 |
- D.F. Young announces new ownership and management
- Naming of "OOCL Shenzhen" in Korea
- Upswing in Hong Kong
- SAA Cargo doubles Irish traffic in a year
- Investors in Private Equity acquire 50.4% of Ermewa Group
- ProLogis expands its presence in Asia
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| MAY 2, 2003 |
- Royal Caribbean proposes to raise $250 million
Royal Caribbean Cruises Ltd. has commenced marketing a proposed $250 million senior note public offering
- Customs gets tougher on 24 hour rule
U.S. Customs and Border Protection (CBP) Commissioner Robert C. Bonner yesterday announced that CBP will begin the next phase of enforcement of the 24-hour rule.
- Engineer gets port security role
John Polansky, Jr. has been hired as the new director of engineering and security with the Port of Greater Baton Rouge
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| MAY 2, 2003 |
- Mexicana Airlines begins flights from Portland International Airport
- Customs and Border Protection agency takes 24-hour rule to next level
- Corps moving petroglyphs back to Columbia River location
- Port of Tacoma participates in Bring Your Child to Work Day
- Coast Guard warns against making hoax distress calls
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| MAY 5, 2003 |
- Nor-Shipping to go ahead despite threat from Sars
ORGANISERS of next month’s top industry exhibition Nor-Shipping have decided to go ahead with the event, which is due to attract more than 20,000 participants, despite mounting international fears over the spread of the Severe Acute Respiratory Syndrome.
- Tanker virus fear jolts Hong Kong
SHIPPING faced its first major Sars scare over the weekend when a tanker was quarantined in Hong Kong after its master reported illness among his crew - only for all to be released 24 hours later.
- China-South Korea ferries feel the pinch
Severe Acute Respiratory Syndrome is bringing havoc to the fortunes of ferries travelling between Inchon in South Korea and eight ports in China, writes Sam Chambers.
- SuperStar Leo finishes first Australian cruise
Star Cruises’ 77,000 gt SuperStar Leoarrived at Melbourne’s Station Pier on Friday, with more than 1,300 passengers aboard, after completing its first cruise in Australian waters.
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| MAY 2, 2003 |
- Panama takes five crew into custody
- Oceania Cruises has option on third
- Rotterdam buys Rotterdam
- Best of Shipping poll closes soon
- India calls for security plans
- Insurance bombshell threatens jobs
- Bulker abandoned after collision
- Pakistan seeks surcharge removal
- PSA acquires Laem Chabang stake
- Israeli strike becomes slow-down
- US, Canada seal Seaway review
- Korean strike may spread to ports
- Smuggling hurts Filipino owners
- Prompt reporting reduces piracy
- Port security loopholes persist
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| MAY 2, 2003 |
- Reefer box shortage for U.S. exporters
Iraq war pinched capacity, pushed up rates for refrigerated containers.
- United to outsource 2,000 cargo jobs
The airline plans to cut costs in its cargo warehouse and call center operations.
- Lower costs, supply chain revenue boost Hub profits
- Nafta economies to grow closer: Fitch
- PSA buys stake in Thai terminal
- Weak rates bring loss for Zim
- Seaway review to begin
- Air Canada, Martinair trim surcharges
- Consolidators promotes Michael Castro
- DOT issue new hazmat transport rules
- Virgin Atlantic makes relief flight to Basra
- Phoenix names director of Euro business development
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| MAY 2, 2003 |
- Security measures are just 'window dressing' says consultant
A senior Canadian security consultant condemned US security policy yesterday saying that the new system will only deter ‘dumb criminals’.
- FEFC to increase rates again
- Freight Australia launches interstate intermodal challenge
- Ministers seal MOC deal on St. Lawrence Seaway
- Umm Qasr draught a challenge for SSA
- Geest North Sea Line addresses impending road tolls
- Troubled Tranz Rail misses targets again
- Port Authority in Busan gets green light
- CONCOR unveils growth strategy
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| MAY 2, 2003 |
- Genmar appoints new finance man
General Maritime replaces chief financial officer with former Lucent treasurer.
- RCCL to raise $250m
Cruise line announces new bond offering on the heels of debt re-financing.
- Freight rates boost oil majors
ChevronTexaco and Royal Dutch/Shell give shipping a special mention in dispatches.
- Carnival announces dividend
Dual listing offers chance of payment in pounds or dollars.
- AP Moller defends pirate ransom
Pay off to Nigerian ship bandits was only $2,500 says Danish shipping giant.
- Great Eastern profit quadruples
Stronger tanker market boosts leading Indian shipowner.
- Medics on standby for Nor-Shipping
But if you are from Hong Kong have a cough and fever watch out.
- BLT makes interesting offer
Indonesian tanker owner slaps coupon of 14.75% on $46m bond issue.
- Shih Wei on the way in 2003
Taiwanese bulker owner turns in healthy first quarter profit.
- UK seafarers get costlier
Moore Stephens warns tax changes put British crew jobs on the line
- Orey sinks into the red
Portuguese broker and liner agent slumps to loss in first quarter.
- North-Western Shipping sold to Korus
Majority stake in Russian tanker company reportedly snapped up by Moscow owner of Volgaflot.
- Hahn takes top job at BC Ferry Services
Former aviation boss David Hahn charged with piloting newly independent Canadian ferry owner.
- OMI hails BP deal
Craig Stevenson rings up $11m a year of revenue as lengthy charter begins.
- Heung-A ratchets up earnings
Korean boxship and chemical tanker owner enjoyed surge in profits in 2002.
- American neighbours sign Seaway deal
Canada and US to raise Great Lakes and St Lawrence co-operation.
- GulfMark fails to hit the spot
US offshore shipowner hampered by weaker North Sea market in first quarter.
- Hyundai in storming start to 2003
Shipbuilder shows its muscle as it takes 30% of all orders placed in Korea during first quarter.
- Carthew named to ABS board
ChevronTexaco shipping boss elected director at class society along with Tidewater CEO.
- Portek inks SGD10m in business
Singapore port equipment supplier makes good start to 2003 with work from Middle East and Asia.
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| MAY 2, 2003 |
- U.S., Canada seek closer ties in Great Lakes, St. Lawrence Seaway
- Evergreen considers move to 8,000-teu ships
- Tropical Shipping raises 1st-quarter operating income by 39%
- Wan Hai ends pacific slot-charter with Maersk Sealand
- United to outsource cargo handling
- U.S. government issues background check requirements for Hazmat drivers
- Correction: United Shipping’s 30th biannual meeting June 2-7
- Jansson to head Phoenix’s European business development
- WTO director warns of "gridlock" in Doha round agenda
- U.S. Customs steps up enforcement of 24-hour manifest rule
- SSA, CP Ships get o.k. for Greenfield terminal in Texas
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