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| MARCH 6, 2003 |
Shipping News
- PSA likely to fully own HNN
PSA Corporation is expected to take 100 per cent ownership of its Belgium subsidiary, Hesse Noord Natie , after partner CMB revealed it had exercised an option to sell its 20 per cent stake.
- Antwerp port joins US pre-screening of boxes plan
FIVE US Customs officers have started working in Antwerp, the world's third-largest container port, to prevent terrorist arms or explosives from being shipped to the US.
- Lightering activities may have weakened hull of Prestige
LIGHTERING activities may have contributed to hull damage in the months leading up to the Prestige oil tanker casualty in which the vessel broke into two and sank, soaking the coast of Spain with heavy bunker oil.
- K&N's ocean shipments up 20% last year
GLOBAL logistics provider Kuehne & Nagel said recently ocean shipment volumes were up 20 per cent in 2002 over the year prior, with total ocean volumes surpassing the one million TEU mark.
Air and Land Transport
- Cathay turns in betterthan expected H2 profit
CATHAY Pacific Airways, Hong Kong's biggest carrier, turned in a profit in the second half as faster economic growth in most of Asia lifted passenger demand and a US port strike boosted cargo shipments.
- Air Hong Kong starts flights to Bangkok
- United posts Jan loss; staff ownership near end
- Thai Airways to hire cabin crew on 5-year contracts
- Airbus plays down US Air's payment delay
- jetBlue revises profit forecast
Newbuilds
- For a safer fleet, think long-term
THE recently announced multi-billion pound project to build two giant aircraft carriers for Britain's Royal Navy is somewhat out of the remit of this column but I couldn't help noticing, once again, that navies can take the long view when it comes to ordering ships.
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- Asia helps Kuehne & Nagel reach 1 million TEU mark
- Vascor to use A.maze route network solution
- Charleston sees 30 per cent more traffic in January
- Deepwater berth completed at Jakarta Container Terminal
- Atlantic Forwarding develops trade with Geotrans, Tiba Mexico
- Menlo, Optiant join together to improve supply chain services
- CSX World Terminals promotes senior executives
- Haeco profit sees 49pc improvement in 2002
- DHL Danzas Air & Ocean opens logistics centre in Malaysia
- Air Hong Kong strengthens fleet
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| MARCH 6, 2003 |
- IICL's EDI Standards posted online
- Screening Indo-Pak match-NPIL style! - Cheering India together with Clients and Colleagues
- Apeda envisages 20 pc growth in export of processed foods
- Scope for Indo-German JVs seen
- Handicrafts fair nets orders worth Rs 835 cr.
- Export cargoes stalled at US ports - Even transit cargo held up, costs running high, exporters tell US Customs Attache
- US slashes dumping duty on cut-to-length carbon steel plates
- Footwear component exporters making footprints to Lanka
- Lankan PM to sign IT pact with India
- Move to develop Nagapattinam port
- Mumbai Port handles largest-ever cargo vessel-m. v. Thia Chryssoula
- Consultant for Vizhinjam port soon
- Rly focus on IT-linked projects may boost freight movement
- British Airways cargo division raises fuel surcharge
- RBI relaxes import regulations
- Budget lacks innovation, says direct taxes expert, Y. P. Trivedi
- Green channel to bring down transaction costs by 70 pc, says CBEC chief
- 'Excise duty cuts will lead to Rs 2,625-cr. loss to Exchequer'
- Bouquets & brickbats for Budget 2003-04 at IMC public meeting
- Turmeric agri export zone in Salem-Erode region planned
- Investments in infrastructure vital for export growth, says DGFT
- Tanners told to form co-ops to face global competition
- AIAI-WTC Spring Expo 2003 from March 30
- IMC seminar on 'Java on the Mobile' on Friday
- Dr L. M. Singhvi to address IMC meet on Saturday
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| MARCH 5, 2003 |
- US West Coast: Prices level out as cargo pricing seems over
- Market update for for ports in Ecuador
- Montevideo and Alpha Zone: Fueloil supply to return by 10th
- Japanese seamen wary of Gulf war
- New Bahrain lsd cracker
- Weekly African market report from GAC
- Canaries congested, no fueloil in Tenerife
- New broker opens for business in the UK
- OceanConnect announces new member to board of directors
- Piraeus prices bounce back after Monday's sharp cargo fall
- Gibraltar's indications on the rebound
- New Saudi posted prices, market soft
- South Africa: Two traders at TRT move on
- Rotterdam slightly firmer with crude
- Korean numbers stabilise after soft week-start
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| MARCH 5, 2003 |
- ABX Logistics welcomes new CEO
- Misc results up in third quarter 2002
- Aviapartner wins 2003 Best Handler Award at Schiphol
- Norfolk Southern real estate burgeoning with industrial activity
- Kuehne & Nagel strengthens presence in wine logistics
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| MARCH 5, 2003 |
- ITF threatens with port caos
- Record turnover for Thun
- Profit up at the Swedish Ships' Mortgage Bank
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| MARCH 5, 2003 |
- ABS releases Prestige report
Was lightering damage a factor?
- $8.6 million job for Detyens
ship repair overhaul and drydock of USNS Supply
- IMO and EC in post-Prestige accord
EC will take its proposals for accelerated single hull phase out to IMO for fast track action
- EC seeks to criminalize marine pollution
Could mean jail time for owners, charterers, classification society employeers
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| MARCH 6, 2003 |
- O'Neil and de Palacio join hands against old tankers
THE International Maritime Organisation and Brussels have agreed on "proactive action" for detecting structural weaknesses in ageing oil tankers, both single and double hull.
- Ship polluters risk jail under latest Brussels crackdown
BRUSSELS has adopted a proposal that will impose criminal sanctions - including jail - on those responsible for ship pollution, writes Roger Hailey.
- Supreme Court dismisses Adriatic Tankers case
NEW York's Supreme Court has dismissed the $600m lawsuit brought by Greek shipowner Panagis Zissimatos against the bondholders that invested in Adriatic Tankers in the mid-1990s, writes Nigel Lowry.
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| MARCH 5, 2003 |
- Chemical brothers on the rack
- Delhi rejects breakers' pleas
- Shippers oppose lines' new charges
- ABS targets Prestige lightering
- Boluda questions Spabunker salvage
- P&O Ned vessel runs aground
- MarAd encourages maritime research
- Welcome supplies for Venezuela
- Caribbean Village gets underway
- Bad news for Euro cruise ship yards
- Lukoil eyes Rotterdam transhipment
- Ariadne sale pleases Minoan Lines
- Expats hit by India's tax changes
- MidEast Gulf needs Capesize ports
- Sasebo directors rapped for fraud
- Indonesia blocks sand exports
- Inchon set for massive expansion
- Nenaco threatens to sue union
- Lloyd Triestino eyes TMN stake
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| MARCH 5, 2003 |
- New bill asks 100-percent box checks
Industry executives suspect politics behind Democrat's proposal requiring inspection of all U.S.-bound containers.
- Morgan Stanley cuts UPS estimates
An analyst cites doubts about the parcel company's ability to maintain new, higher freight rates.
- FedEx hikes int'l. air freight surcharge
Skyrocketing fuel costs force five-cent increase.
- EU pushes U.S. to open ocean services
- Shipowners could face EU fines, jail for pollution
- TIACA elects Kay president
- VSA shifts to Port Everglades
- Danzas offers direct Customs e-filing
- British Airways shifts Moscow airports
- Pakistan port to cut tariff to lure carriers
- Panama Canal Authority appoints six to board
- Exel wins Sun business
- Stonepath completes $6M private placement
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| MARCH 5, 2003 |
- Maersk confirms Atlantic capacity cuts
Maersk Sealand is to cut its weekly Atlantic capacity by around 1,500TEU following a reorganisation of its TP-3/TA-3 pendulum service next month.
- 'Cargo is coming out of our ears' as 'non-existent' panamaxes herald recovery
Encouraging fixture volumes and lengthening charter periods suggest an underlying confidence in the charter market that in overall terms remains buoyant with a further 2.2% surge in the index this week.
- US Army accommodates boxes at congested Busan
- Lykes has Alaskan reefer cargo in its sights
- China Merchants signs Ningbo port deal
- CK Line adds Hakata
- Strong first half for Tauranga but Lyttelton counts costs
- SLPA orders three IHI cranes
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| MARCH 5, 2003 |
- An Olympic-size inheritance?
Forbes magazine debates worth of Onassis shipping empire, as heiress turns 18.
- Panama beefs up advisory board
Cosco and K Line join team, but authority casts a wide net for advisors.
- Kurz joins OceanConnect board
Big-name board receives another addition with Keystone head.
- BIMCO drafts new 24-hour rule clauses
Body draws up new charter clauses to protect owners in the event charterers fail to provide cargo info.
- EC agrees to criminalise ship pollution
Owners, crew, charterers, operators and class societies face jail terms under new directive.
- O'Neil and De Palacio cosy up
IMO and EU want global approach and proactive action on single hull tankers.
- Warships to patrol Gibraltar Straits
Nato escorts for merchant vessels in bid to avert terror attacks.
- Tsakos suezmax continues to wait off Fujairah
Iraqi oil exports slowing as impending threat of war makes traders cautious.
- OSG confirms bond issue talk
US tanker owner opts to tap the market to reschedule debt.
- Mitsubishi makes "most attractive" offer to Evergreen
Decision day on massive 30-ship post-panamax order could be close for Taiwanese container giant.
- Volgotanker slice up for grabs
Russia wants to offload 20% stake in tanker giant later this year.
- Ex-Sasebo boss gets suspended sentence
Two Japanese shipbuilding executives at the centre of a subsidy swindle avoid going to jail.
- Investor sells Jinhui slice
Shareholder Rich Reward pockets NOK 1.9m from sale of loss-making bulker owner's stock.
- CMB offloads rest of port interests
Singapore's PSA scoops up last 20% of Hesse Noord Natie.
- Russia tightens up after Strelets sinking
New measures aimed at improving crew qualifications for river-sea vessels following Black Sea tragedy.
- China Merchants eyes Ningbo terminal
Chinese ports and shipping group lines up big investment in new container facility.
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| MARCH 5, 2003 |
- Marad warns of U.S. naval maneuvers near South Korea
- T. Parker Host appoints Eklund VP of operations
- Crowley, Dole Ocean swap space in Florida/Costa Rica trade
- Libra to take slots on Lykes' U.S./Colombia ships
- European Commission to make marine pollution a criminal offense
- Acquisitions drive higher revenue and profit at Tropical Shipping
- Wallenius Wilhelmsen starts U.S. Gulf/Mexico/Brazil link
- Menzies buys controlling share in panamanian cargo handler
- UPS adds $25 security manifest charge
- CMA CGM, Virgin Express to bid for french airline Air Lib
- TGAX Logistics names Shum to direct corporate sales
- SUN Microsystems extends Exel contract
- Customs seminar to focus on implementing trade security
- U.S. commerce control list to meet Wassenaar obligations
- NRC changes nuclear material sourcing rules
- House bill would inspect all u.s.-bound containers, vessels
- Deutsche Post says 2002 profit and revenue were higher than expected
- Panama Canal Authority names six to advisory board
- Dockworkers launch new strikes in European ports
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