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| MARCH 7, 2003 |
Shipping News
- IMO, EC settle differences after high-level meeting
THE International Maritime Organisation and the European Commission have apparently 'kissed and made up' following a high-level meeting between the two aimed at averting any potential feud around post-Prestige regulations.
- EC to make marine pollution by ships a criminal offence
THE European Commission has adopted a proposal establishing marine pollution by ships as a criminal offence under which criminal sanctions - including jail - can be applied on those found responsible.
- Hutchison completes berth at Jakarta port
JAKARTA moved a step closer to becoming a regional container port hub this week, as Hutchison Port Holdings wrapped up the completion of the new deepwater berth at its Jakarta International Container Terminal .
- MPA monitoring S China Sea salvage ops
THE Maritime and Port Authority of Singapore is monitoring the salvage of Singapore-flagged dry cargo ship Springbok, which was involved in a collision with a Panama-flagged LPG carrier last week.
- Press release on flag states wasn't the correct version
I REFER to the report 'Open registers cannot be blamed for ills of shipping' by David Hughes.
Air and Land Transport
- Airbus may cut output without firing workers
AIRBUS SAS, the only builder of large commercial aircraft besides Boeing Co, may cut production without firing workers, helping it weather a decline in the civil aviation industry, said chief executive officer Noel Forgeard.
- BA premier cabin a plus with travellers to S'pore
- China Eastern to fly to London, Moscow
- BA to resume flights to Oman on March 30
- Air Canada pressing for staff contract changes
- LOG Book
Admiralty Casebook
- Owner wins claim for ship destroyed in typhoon
JUST because a master knew about a typhoon through synoptic charts and could have estimated the typhoon's future location and speed, that did not mean that he had sufficient knowledge of the typhoon for purposes of a typhoon clause in a hull policy, an Australian court has ruled.
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| MARCH 7, 2003 |
- P&O Nedlloyd reports net loss of US$304 million in 2002
- Kuehne & Nagel acquires Birkart fairs and events subsidiary
- Patrick Shum named director of corporate sales for TGAX Logistics
- Inntra to introduce new tender process software in June
- Korea-Singapore free trade agreement on table in Seoul
- World turns for Topsy-Elvord at Port of Long Beach
- Cargo helps Cathay Pacific 2002 net profit to rise 500pc
- AMI to introduce new tariff, services in May
- Lockheed Martin tipped to provide WAAS link for FAA
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| MARCH 7, 2003 |
- IAL Logistics commences operations from Hyderabad
- Indamex consortium to levy additional $ 25 per BL on US-bound cargo - Other shipping lines and NVOCCs may follow suit
- PIB gives nod for SCI’s VLCCs purchase plan
- CII team exploring business opportunities in Philippines
- Merchandise exports to US record 21.4 pc rise
- Quality of Indian wheat is good: Minister
- OPEC tells India to hold bilateral talks for cheaper crude
- Mumbai Customs House makes its website more trade-friendly
- 26.06 pc rise in POL handling at Tuticorin Port
- MbPT Officers’ Association felicitates Manohar Joshi
- Cargo convention begins in Goa today
- Budget growth-oriented, says Fieo Chairman
- GoM raises FDI limit in petroleum, aviation, telecom sectors
- Budget gives boost to IT sector: MAIT
- I-T Chief Commissioner promises redressal of exporters’ grievances
- India calls for joint R&D ventures with Germany
- CII forum throws up differing reactions to Budget
- Classroom lessons for newcomers - 11
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| MARCH 6, 2003 |
- US East Coast: Markets steady, some congestion
- Gulf Coast prices continue to tumble
- Saudis won't increase crude output further
- Business as usual in soft Suez
- Buyers treat softening Japanese IFOs with caution
- Durban:Bunker supply problem to be addressed
- Istanbul market quiet, fueloil soft while gasoil firms
- As IFOs fall, Italy follows South Europe with rocketing MGO No's
- Staff change at J. Lauritzen's bunker department
- Rotterdam slightly firmer with crude and barges
- Daily Bunker market report from Praxis Energy Agents
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| MARCH 6, 2003 |
- CNAN is no longer for sale
- Virgin Express and CMA CGM are interested in acquiring Air Lib
- Menzies completes Sydney cargo facility overhaul
- DHL Danzas Air & Ocean launches new logistics centre in Malaysia
- ESPO solicits MEPs on Port Directive
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| MARCH 6, 2003 |
- No subsidy payout to Fosen
- Danish industry agreement on double hull tankers
- IMO welcomes a PSSA application for the Baltic Sea
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| MARCH 7, 2003 |
- Porti, scontro sulla deregulation
- Gavio investe a Taranto nella logistica
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| MARCH 7, 2003 |
- Woods steps up to take top job at P&O
THE management succession issue hanging over P&O has been resolved with the promotion of Robert Woods to chief executive and the return of Nick Luff as chief financial officer.
- Offen leads Samsung order spree
SAMSUNG Heavy Industries has announced a series of boxship and tanker orders worth a combined $1.1bn, and the world’s third largest shipbuilder is confident of securing up to another $900m by the end of March, bringing in a total of $2bn for the first quarter, more than half of the $3.5bn target for 2003.
- Genghiz can as Mongolia sets up register
THE world’s largest landlocked nation, Mongolia, has launched an international ship register and it is being marketed to owners flying the disgraced Cambodian flag.
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| MARCH 6, 2003 |
- Vopak 'might leave shipping'
- Have your say!
- Crystal Harmony banned
- Cruise travel agents must beware
- Change of policy in Venezuela
- Four years for Bow Eagle officer
- Revenue recouped after NCL move
- Thick ice delays Seaway opening
- Luxury cruises 'cheaper than ever'
- Year in jail for collision officer
- Russian seafarers appeal to Putin
- Fesco shares leap on power shift
- Poland unveils consolidation plan
- No 'mafia' clause in port bill
- EC backs jail for polluters
- Single buoy debate in South Africa
- France inspects more ships
- P&O Ned drags P&O to $200M loss
- BEA-Mer targets Prestige structure
- Jakarta competition intensifies
- Woods to take top P&O seat
- Spabunker IV correction
- $100 hike for Korea-China box rates
- Asian Baltic exchange planned
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| MARCH 6, 2003 |
- P&O Nedlloyd sees $288M loss
The container shipping line said higher fuel costs and the impact of the U.S. port shutdown outweighed a modest rally in freight rates in 2002.
- Port of Los Angeles, environmentalists reach agreement on new box hub
The environmental accord will allow the port to complete the first phase of a new terminal for China Shipping Container Line.
- DOT re-opens DHL Airways probe
DHL's expansion into the U.S. market was in doubt after the Department of Transportation's Inspector General questioned whether DHL Airways was qualified to be licensed as a U.S. airline.
- UPS suspends pilot furlough plan
- DHS takes charge of customs revenue
- Evergreen shopping for 30 ships
- Matson won't buy boxships
- Italia upgrades Med-U.S. Gulf service
- Lykes, Libra to share space
- Dole, Crowley plan slot-charter
- Another call for 100-percent box checks
- Morgan Stanley cuts UPS estimates
- FedEx hikes int’l. air freight surcharge
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| MARCH 6, 2003 |
- Dutch dockers refuse to handle ‘contaminated’ cargo even though strike ballot is expected to go against ITF
Dutch dockers may not join industrial action planned by international unions in protest at the EU Port’s Directive next week though they say they will not handle ‘contaminated’ cargo.
- Board reshuffle and revenue collapse highlight PONL’s 2002 returns
P&O Nedlloyd’s (PONL) group MD, Robert Woods, is to step down at the end of the year following a reshuffle of the P&O board caused by the retirement of Sir Bruce McPhail.
- SSA chief blasts union in bleak assessment of USWC contract
- IndaMex consortium levies documentation charge
- Danube clearance complete
- Toll continues record-breaking run
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| MARCH 6, 2003 |
- Stolt maintains dividend in 'horrible' 2002
Board votes to match 2001 outlay to shareholders.
- Admiralty court finds for Ofer
Brazilian bulk carrier judged 80% to blame for 1991 collision.
- Finland wants EU ice class harmony
Minister makes proposals as EU debates single hull tanker rulings.
- MarineProvider returns to the web
Troubled site is back under the supervision of top insolvency lawyer Knut Ro.
- US tenders for coastwise tanker
Military Sealift Command seeks prompt delivery to replace Shell vessel on jet-fuel cargoes.
- Jail term for officer after fatal collision
UK court convicts Dutch tanker crew member of manslaughter.
- PCL to exit Torm MR pool
Singapore owner wants build up its own product tanker fleet.
- Slimmed-down Vopak posts smaller profit
Shipping result stable at Dutch group, but overall earnings fell in 2002.
- Germanischer Lloyd bullish on 2003 business
German class society riding high on the back of recent newbuilding bonanza.
- Solomon Islands eyes FOC benefits
Cash-strapped Pacific nation aims to start shipping register.
- Euronav nets strong price on modern VLCC
Greek owner Kristen Navigation picks up four year-old tanker for prompt delivery.
- Disastrous year for P&O Nedlloyd
Growth in volumes not enough to save container line from enormous loss in 2002.
- P&O profit plunges
Lord Sterling says strategy of focusing on ports, ferries and cold logistics on course.
- Austal adds car ferry to orderbook
Australian yard clinches first domestic catamaran order.
- Springbok cargo transfer begins
Smit and Semco begin to move timber from cargoship that collided with gas carrier off Singapore.
- Swire's marine arm has "satisfactory" 2002
Hong Kong conglomerate says segment delivered "good growth" and contributed to overall results.
- Chinese crane success for MacGregor
Strong bulker ordering in China has positive knock-on effect for marine equipment manufacturer.
- Fog hits Houston Ship Channel
Some ten ships are said to have been delayed from transiting strategic waterway by bad weather.
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| MARCH 6, 2003 |
- IMO, EC issue joint statement on tanker accidents
- Marad becomes more "customer focused" through web technology
- Improved terminals results fails to bolster P&O Group’s earnings
- Keegan: maintain current msp citizenship policy
- P&O Nedlloyd sets up center to comply with 24-hour U.S. Customs rule
- P&O Nedlloyd's results sink into $292-million loss
- P&O Group names Woods chief executive, Sterling announces retirement
- Maersk Sealand to reduce Transatlantic capacity
- Venezuelan instability cuts Seaboard Marine's profits
- UPS suspends plans to furlough pilots
- Skybitz, freight tracking service, names Wood CEO
- Canadian National releases terms of $400-million debt offering
- Inland waterway operators, congressmen oppose tax proposal
- Aphis wants follow-up health checks at animal import regions
- Treasury delegates customs functions to homeland security
- Stonepath Group completes $6-million stock placement
- U.S. lamb imports rise, domestic production falls
- U.S. cut flower market still trampled by imports
- Port Canaveral gets $214,500 penalty for tug franchise violations
- Settlement allows port of Los Angeles to open China Shipping terminal
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