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| DECEMBER 5, 2003 |
Shipping News
- Marine SMEs get help to venture overseas
SMALL and medium enterprises trying to navigate their way into the competitive regional markets are getting a leg up from larger companies here with the unveiling of a new marine industry initiative yesterday.
- Fortunes of yards, SMEs are interlinked
WITH 70 per cent of marine work outsourced by Singapore's big shipyards to about 300 specialised small and medium-sized local marine enterprises , it is clear the fortunes of both ends of the industry are interlinked.
- S'pore port's volumes up in first 10 months
THE port of Singapore has handled 7.8 per cent more containers and 2.6 per cent more cargo tonnage overall in the first 10 months of this year, as fewer but significantly larger vessels called the port.
- S'pore, Japan in anti-piracy exercise
THE coast guards of Singapore and Japan joined forces in the waters off Singapore's eastern coastline yesterday to conduct a joint anti-piracy exercise.
- Spanish Navy on alert to keep away ageing tanker
SPAIN said on Wednesday it was prepared to deploy its navy to stop an ageing, single-hulled tanker from entering its waters, a year after a similar tanker on the same route sank and caused vast ecological damage.
- General Dynamics in talks to build 3 tankers
GENERAL Dynamics Corp, the second-largest shipbuilder for the US Navy, is in talks with undisclosed commercial oil companies to build as many as three oil tankers, chief executive Nicholas Chabraja said.
- Move to check food imports at US ports
THE US Food and Drug Administration will commission customs officers to conduct inspections of imported food under an agreement it signed.
Air and Land Transport
- Virgin Blue IPO seen fetching top prices
THE float of Richard Branson's discount Australian airline Virgin Blue was heavily oversubscribed yesterday and is likely to be priced at the top end of the range, an industry source said.
- Australian Air to launch S'pore-Darwin service
- Qantas ups HK flights
- Australia announces tighter security at regional airports
- Near-miss sparks row over new Aussie airspace regulations
- Court upholds takeover of land for Narita airport
Admiralty Casebook
- Tanker owners fail in duty to disclose nature of cargo
THE owners of a slop tanker that was used to collect contaminated substances for disposal have successfully sued the owners of a chemical tanker for negligently failing to disclose the dangerous nature of the cargo that was transferred to it.
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| DECEMBER 5, 2003 |
- Dongguan company obtains right to operate Guangdong port
- AADA to reduce bunker surcharge
- HK government to seek ways to lower THCs: Ip
- Port seminar convenes in Shanghai
- ICTSI promotes accounting officers
- Deal sees GAC extend port agency reach to South Korea
- U-Freight subsidiary gains quality target
- Qantas to add flights to Hong Kong from Australia
- US, Vietnam sign aviation agreement
- DHL facilities in Taiwan receive `A' certification from TAPA
- SDV deploys 25 aircraft to deliver Beaujolais Nouveau
- PIA expected to fly 747s to India
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| DECEMBER 5, 2003 |
- UASC to call at MICT
- India, EC talks on comprehensive maritime pact from next month
- Exports from SEZs up by 29 pc in April-September
- Fresh exports of foodgrains only after January 2004
- 6 Major Ports achieve traffic target set for April-November
- Making EDI work in India-IV
- Ahoy! JN Port all set to cross 2-million TEU mark today!! - Calendar year 2003... Countdown begins...
- Rlys-CWC combine to develop warehouse complexes
- Jaitley okays 15 foreign technology proposals
- Green channel facility for genuine exporters on anvil
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| DECEMBER 4, 2003 |
- Oil rebounds on report of US natgas stock decline
- IMO: Ban on small single-hull tankers proves tricky subject
The outcome is of critical importance to the world's bunker markets, as it will seriously impact the availability of suitable tonnage for regional and local transport of fuel oil. If the EU-proposal is favoured above Asian counterproposals, bunker suppliers around the globe could face a 2008 deadline to upgrade all bunker barges of more than 600 dwt to double hull by 2008, in line with European suppliers.
- Singapore distillate stocks plummet, residuals rise
- More Chinese fuel oil buying on the cards?
- Turkey: Personnel announcement from Oiltrade Marine
- Korean numbers up with the rest of the region
- Oil prices fall as OPEC delays cut
Oil prices were softer this afternoon on news that OPEC ministers have decided to leave current quotas unchanged. However the cartel looks set to cut production at an extraordinary meeting in February in a bid to prevent a supply glut forming in the second quarter.
- Soft numbers bring renewed interest to Japan
With the Japanese - Singapore premium gap starting to close, players are getting a little bit more attention from potential buyers. | In Full |
- Saudi Arabia: Yanbu MGO supply about to resume
- Singapore market largely sidelined before OPEC
Bunker prices were reported firmer in Singapore today following a 2nd day of gains in cargo prices. Buyers were holding back until after today's OPEC meeting has produced a result. Oil prices are expected to ease if OPEC decides to leave production quotas unchanged.
- Crude pumping resumes at Novorossiysk
Transneft had to halt pumping of oil to the port on Saturday due to a tank-top situation, as the huge delays for tankers waiting to transfer through the Bosphorous strait delayed arrivals at the port.
- Rotterdam little changed, some weekend congestion
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| DECEMBER 4, 2003 |
- Chronopost International names new director
- Chinese ports: record 32.3 million teu handled in first 9 months 2003
- Egypt Air commences scheduled flights to Moscow
- Kombiverkehr: 100,000th load unit lifted at Cologne this year
- Militzer & Münch and Exel cement relationship
- New bridges and roads in Southern China
- DHL helps exporters through red tape
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| DECEMBER 4, 2003 |
- Russian oil production forges ahead
- Increased VLCC newbuilding prices
- Primorsk Ice Dues by mid month
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| DECEMBER 4, 2003 |
- Boeing shakes up management following resignation of Condit
- MOL adding three more VLCCs to newbuild list
- Seattle Coast Guard association looking for stocking stuffer donations
- Clipper Group closes deal for Lasco Shipping in Portland
- PDX noise committee meeting rescheduled for January 8
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| DECEMBER 5, 2003 |
- Shippers ‘ready for freight free market’
EUROPEAN shippers insisted yesterday they are fully prepared to accept the consequences of a market free-for-all rather than continue with the conference system, even if that means higher freight rates.
- IMO hammers out single hull compromise
THE International Maritime Organisation’s Marine Environment Protection Committee pulled off a difficult global compromise on single-hull tanker phase-out last night, through a deal requiring exceptional leeway for regional interests.
- Maritime Asia awards Cosco’s Wei for lifetime achievement
WEI Jaifu, president and chief executive of China Ocean Shipping Co Group, has been awarded Asian shipping’s lifetime achievement award.
- Metrostar and Ceres win Niarchos tankers with $306m bid
THEODORE Angelopoulos’ Metrostar group has continued to bolster its tonnage, this time joining forces with Peter Livanos’ Ceres Hellenic to acquire five double-hull tankers belonging to the legendary Niarchos group for a reported $306m, Athens shipping sources said yesterday.
- Nominate the best for a Lloyd’s List Award
NOMINATIONS are now open to all our readers for your choice to honour outstanding achievement in shipping over the past year in the prestigious Lloyd’s List Awards 2004.
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| DECEMBER 4, 2003 |
- IMO prepares for compromise
THE IMO celebrated the 50th session of its Marine Environment Protection Committee (MEPC) today with a special commemorative session at its London headquarters
- AP Møller concludes Shanghai deal
AP Møller, the world’s largest transport group, has finalised a joint venture with Shanghai International Port Group to operate Shanghai’s newest container terminal
- DFDS signs major steel contract
A four-year contract involving the movement of 650,000 tonnes a year of semi-manufactured stainless steel products has been signed by DFDS Tor Line
- Seawheel lifts off from Goole
UK operator Seawheel is to relocate its UK-Hamburg/Esbjerg service and transferred from ro-ro to lo-lo operation from next January
- Ipswich fined over port accident
THE UK port of Ipswich has been fined £100,000 ($172,340) for an accident on 8 November last year in which a contract worker sustained serious head injuries
- French flag launch delayed
THE launch of the controversial French International Register has been delayed until May or June next year, as seafarers' union draw up plans for strike action
- Hamburg lawyer keeps SSW alive
- Nenaco discrepancies queried
- US Customs to inspect food imports
- Metrostar/Ceres take Niarchos ships
- Counter-terror co-operation urged
- Bulgarian held after killing two
- More patrols needed to fight piracy
- Aegean rivals reach agreement
- Bitumen spilled at Auckland
- Tanjung Pelepas pushes north
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| DECEMBER 4, 2003 |
- FDA, Customs to cooperate
The Food and Drug Administration will be able to commission officers from the Bureau of Customs and Border Patrol to help speed food inspections at ports of entry to secure a safe food supply.
- Bush lifts steel tariffs
The move eliminates the threat of a trade war. To soften the blow to steel states, the administration is beefing up a monitoring program to guard against a sudden flood of foreign steel entering the country.
- Rakkenes, Scioscia receive 'Connies'
The Containerization and Intermodal Institute honored the former CEO of Atlantic Container Line and the president of APM Terminals North America at a Thursday luncheon.
- American Stevedoring head says he's negotiating to extend Brooklyn lease
- APL moves Mediterranean headquarters to Barcelona
- Richard Rebolledo, NY forwarder, dies
- EPIC 3 shipping alliance adds Mundra to rotation
- Emirates SkyCargo launches Dubai-Shanghai service
- Zim earnings soared in third quarter
- MOL orders double-hull tankers, bulk ships
- Arkansas Best unit sells LTL division
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| DECEMBER 4, 2003 |
- Shippers change tack over Regulation 4056/86
Feedback in the public hearing on the review of Regulation 4056/86 today marked a radical departure to past policy on the part of shippers, while carrier representatives maintained their stance.
- Chinese box industry threatened by ‘malignant freight reductions’
China Ocean Shipping Co (Cosco) Group president and CEO Wei Jia Fu has warned that ‘malignant freight reductions’ could block the development of China’s container shipping industry.
- FDA flexes legal and manpower muscle
- Shanghai container throughput to exceed 10million TEU
- EPIC 3 expands to access northern Indian hinterland
- Panama Canal container throughput could triple by 2025
- Antwerp celebrates as it breaks through 5m TEU barrier
- APM Terminals finalises Shanghai terminal JV
- More ground slots for reefers at Cape Town
- Hefty price increases threatened for intermodal traffic in Austria
- APL moves to Barcelona, citing passenger links
- HMM credit rating upgraded
- Canadian Pacific Railway outsources IT infrastructure for US$153.94million
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| DECEMBER 4, 2003 |
- Moody's doubts Ultrapetrol's prospects
Credit agency slashes ratings for owner of aging South American fleet.
- Teekay swings the axe
Closure of OBO venture leads to termination of 107 Scandinavian officers.
- No news good news for tanker market
OPEC inaction should keep status quo through key winter season.
- Wilh Wilhelmsen converts option
Norwegian owner presses ahead with further $50m car carrier deal with MHI.
- IMO agrees new phase-out timetable
Drop-dead date of 2010 for single-hull tankers, but younger ships may be spared the axe until 2015.
- Outlook good in NY Harbor spill
Week-long cleanup should leave no damage, Coast Guard says.
- Algoma takes tax hit on chin
Canadian owner makes provision for higher state taxes next year.
- Novoship pumps up earnings
Ambitious Russian tanker owner improves figures in first half of 2003.
- Mundra to get a call from Epic lines
P&O Nedlloyd, Contship and CMA CGM add Indian port to Europe to Asia route.
- Ship shooting kills two
Police investigate alleged murder and hostage taking on Bulgarian cargoship.
- DFDS steels itself for ro-ro business
Three of Danish owner’s new ro-ros clinch deal for Swedish metal exports.
- Precious adds another bulker to fleet
Thai owner continues recent buying spree by snapping up Japanese-owned handysize.
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| DECEMBER 4, 2003 |
- Alliance switches ports on two Asia/Indian Subcontinent/Europe services
- EPIC consortium move to Mundra
- U.S., Vietnam to sign deal for direct flights
- UP, Ferromex launch Los Angeles/Mexico intermodal service
- FMC reviews 4 OTI license applications
- TGAX names Padduck to head New England operations
- California olive growers seek trade adjustment assistance
- DOT revises hazmat reporting requirements
- U.S. Bank PowerTrack widens government coverage with GSA contract
- Avalon Risk Management has new address
- CSX World Terminals promotes Hoag go GM
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