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| SEPTEMBER 5, 2003 |
Shipping News
- Maritime sector eyes school leavers, mid-career execs
A big push to highlight the attractiveness of a career in the maritime sector in Singapore will be made among school leavers and mid-career executives.
- Offer tax breaks for bunker fleet upgrading
THE world's biggest marine fuel company ExxonMobil has called on the Singapore Government to offer tax incentives and step up requirements to encourage local bunker suppliers to upgrade their ageing barge fleets to safer double hull tankers.
- Conference on port R&D, tech next week
IN this time of vigorous port competition, leveraging on research & development and technology to sustain a port's competitive edge is the aim of a major conference and seminar being held here next week.
- Easing passage on Mekong will cut freight costs: panel
MAKING it easier for ships to travel the Mekong River would slash freight costs, boost trade and benefit the region's economies, a navigation expert said on Wednesday.
- SembCorp unit-PCL venture
SINGAPORE's SembCorp Marine's subsidiary Dolphin Shipping and Pacific Carriers Limited have formed a joint venture to operate and service offshore supply vessels in Southeast Asia.
Air and Land Transport
- Cathay hopes to fly London-New York soon
CATHAY Pacific Airways, with the dark days of the Sars outbreak almost fully behind it, yesterday said it was confident of obtaining approval to fly the key transatlantic route when officials from Hong Kong and Britain meet later this month.
- China further opens its northern airspace
- China Eastern introduces new jet on China-US route
- Australia to examine ways to defend against missiles
- Sri Lanka may pick Batey Ads for tourism push
- BA, Air France see rise in passenger traffic in Aug
Admiralty Casebook
- Default judgment set aside; claim for damages must go to trial
THE holder of a bill of lading that sued a party for misdelivery of its cargo must go through a trial to claim damages and could not rely on a default judgment it obtained when the other party failed to enter an appearance, the Singapore High Court has ruled.
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| SEPTEMBER 5, 2003 |
- APL expects to be profitable in 2003
- Atlantic's Hong Kong operation gets Inttra-Link
- Australian Tradegate through to last 10 in eAsia Awards
- CSI `webinar' to explain new regulations
- Pacer expands Mexico service
- Mandate man receives public service award in Singapore
- Garuda Indonesia, Malaysia ink deal to increase co-operation
- Polar expands service to India
- Continental breaks record but cargo figures drop
- Denver to get bag-screening backing from TSA
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| SEPTEMBER 5, 2003 |
- Hanjin smells blooming success in scent of roses!
- New ship to be acquired for ocean studies
- Steel products, pig iron exports increase
- Quality, value-addition to be thrust of orthodox tea exports to Russia
- Vizag Port handles 19.303 m tonnes cargo during April-Aug.
- ACL’s m.v. Kota Tegap becomes 1st box vessel to berth at Kandla Port’s new jetty
- Hazira port planning container cargo operations
- Vizag fishing harbour shift awaits govt nod
- Major Ports’ cargo traffic surges by 5.34 pc despite monsoon
- Ficci stresses need for Cenvat credit on LDO duty paid to sustain export growth
- Exim Bank’s survey finds sharp fall in export transaction costs
- Tea Board comes out with subsidy scheme for quality upgradation
- New leather park in AP to generate 6,000 jobs
- DEPB facility to be available online soon, says Zonal JDGFT
- Bugbear for poor nations? - Singapore issues in WTO Cancun meet
- Global Convention Centre taking shape in Hyderabad
- Seminar on Hamriyah Free Zone cancelled
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| SEPTEMBER 4, 2003 |
- IPE sees record-breaking volume for electronic Brent
- ARA markets soft-steady, more declines ahead?
- Bearish oil trend underpinned as US inventories rise
What we have seen this week is a bit of a seasonal paradigm shift as we are heading for a typical off-peak quarter with regards to US oil demand. Today's figures from the DOE/API underpinned the bearish attitude this has bestowed on the crude market.
- Falling numbers fail to attract buyers to Japan
- Singapore rebounds slightly after inventory draw
This Thursday, a slight rebound in crude overnight combined with the latest weekly figures from International Enterprise (IE) about Singapore on-shore stocks of oil products helped boost cargo prices a little.
- Buying interest resumes in Italy
- Rotterdam market steady this morning
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| SEPTEMBER 4, 2003 |
- USF Corporation with new president and CEO
- MSC's "Florentina" docks in Marseille
- "No frills" SkyEurope Airlines launches flights to Paris
- Green Cargo closes down road transport
- Thiel to explain inconsistencies
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| SEPTEMBER 4, 2003 |
- Ferry operators in cartel probe
- Korea accuses EU on yard subsidies
- Dutch government withdraws fundig for seafarer centres
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| SEPTEMBER 4, 2003 |
- Tenix to build research vessel
Australian adventurer and businessman Dick Smith has chosen Australian-owned Tenix Defence to build his 31.4 m multi-purpose research vessel.
- Seabulk Offshore adds AHTS
Fifth newbuild to join Seabulk Offshore fleet this year
- Tug barge order for Manitowoc Marine
Penn Maritime orders unit, with 120 day option for a second
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| SEPTEMBER 4, 2003 |
- Soaring price of gas has Matson raising fuel surcharge one percent
- European Commission holding passenger/freight transport inquiry
- Tacoma Port Report returning to cable airwaves
- Coast Guard set to celebrate opening of Port Angeles station
- Department of Commerce finds Canadian wheat subsidized
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| SEPTEMBER 5, 2003 |
- Website inspired Brussels bid to net ferry cartels
AN INVESTIGATION into suspected price-fixing on Channel routes was launched by Brussels partly in response to allegations posted on a website, the Euro- pean Commission revealed yesterday.
- Knightsbridge approached over ‘business combination’
Knightsbridge Tankers, the special purpose VLCC vehicle whose fate is about to be decided by shareholders, has received an approach about a "business combination" with another company, writes Tony Gray .
- ABP/Ferryways deal to pave way for Ipswich ro-ro expansion
The Port of Ipswich and Ferryways have agreed to extend their existing five-year contract for another 20 years, write Liza Hammerton and Namrata Nadkarni.
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| SEPTEMBER 4, 2003 |
- Stricken ferry towed to Rostock
- See the new Fairplay for free
- Bullish Frontline pushes ahead
- TMM in new court move
- Puerto Rico hike threatens cruise
- Gadani gets another lease of life
- Costa woos Spanish cruisers
- Able's environment plans satisfy
- Panama warns over security fees
- UAE faces Iraq smuggling complaint
- Ultra Voyager decision on 16 Sept
- Wärtsilä man probed over Gotland
- Chantiers ends supplier contract
- IMO appoints Asia co-ordinator
- Gotland bribery case escalates
- Inchcape strengthens Iraq position
- Boulogne's future in the balance
- EU ferry lines under investigation
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| SEPTEMBER 4, 2003 |
- BAX Global joins NVO line at FMC
The forwarder wants the Federal Maritime Commission to allow non-vessel-operating common carriers to write confidential service contracts.
- Seoul countersues EU over subsidies
South Korea, the world's biggest shipbuilder, has countersued the European Union at the World Trade Organization in the escalating conflict over shipbuilding subsidies.
- ABP profit up on higher port traffic
Associated British Ports, the U.K.'s largest ports group, said first-half operating profit rose 4 percent from the year-earlier period on stronger growth in ocean container and roll-on, roll-off traffic.
- Northwest dumps domestic mail shipments
- Polar Air Cargo expands India service
- CMA CGM service to call at Colombo
- Seminar on new box stowage rules
- Northwest shifts tracking to Web portal
- APL Logistics expands team
- Schneider National opens Texas brokerage offices
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| SEPTEMBER 4, 2003 |
- Malaysian shippers push for transparency on surcharges
The Malaysian National Shippers Council (MNSC) will take the lead in establishing the proposed National Logistics Council (NLC), to review matters relating to shipping charges and logistics.
- ‘Sky marshal’ move could strip Customs ranks
The ranks of US Customs inspectors could be decimated by recruitment to the ‘sky marshals’ programme causing cargo delays, say US maritime and trade communities.
- CMA CGM launch Black Sea service
- Chinese trade soars at Vancouver
- HMM turns its back on NZ
- CCNI drops Central America-Caribbean Feeder for slot charter
- Fiji port unloads criminal
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| SEPTEMBER 4, 2003 |
- Shipping shares in the money
Public tanker stocks toasting string of yearly highs in New York.
- TMM comes out fighting in rail row
Mexican shipowner to contest US rival’s suit over scrapped sale of its shares in railway unit TFM.
- Terminals boost Chu Kong in first half
Partly owned box ports increased profits at Hong Kong shipping company.
- Chuan Hup unit plots fleet expansion
Singapore's CH Offshore is selling fresh equity to boost ship numbers.
- Pertamina tenders for more newbuildings
But Indonesian giant also seeks re-bids on earlier ships.
- Solstad to tie up Eisa contract
Norwegian offshore player adds newbuilding in Brazil and extends charter on two other ships.
- CMA CGM aims for Asia-Med dominance
French boxship giant wants to capitalise on growing business potential in Black Sea and eastern Med.
- More changes at North-Western Shipping
Russian tanker owner and shipbuilder wants rid of one yard, but plans to redevelop another.
- Fresh charter trouble for Eidsiva
Bareboat deal with Danish operator for former Easy Line ferry crumbles due to cash problems.
- Vinalines to scrap old tonnage
Vietnam’s national shipowning group needs cash and space for fleet growth.
- Cosco Shipping details multipurpose buy
Chinese ro-ro and heavy lift player will lay out $42.5m on the seven vessels.
- Tank barge and tug double for Manitowoc
Penn Maritime orders two ships with an option for the same again at Wisconsin yard.
- UK and Irish feedership rivals pool vessels
Mersey Docks and Irish Continental getting together to reduce costs in northern Europe.
- Toll satisfied with shipping
Australian logistics and port group says newly acquired Tasmanian vessel operation "settling in well."
- Seabulk charters anchor handler
Florida tanker and offshore shipowner takes Norwegian newbuilding for service in West Africa.
- Cosco directors cash in
Executives at Singapore firm waste little time selling share options.
- Matson to increase fuel surcharge
US container line to pass on "dramatic" increase in fuel costs to customers later this month.
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