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| MAY 8, 2003 |
Shipping News
- Piracy attacks in regional waters up sharply
PIRACY attacks jumped dramatically with 21 incidents reported last week, up from an average of seven per week, including a close call for a Singapore-flagged LPG carrier.
- Ship crew may be charged over stowaways
THE 12-member crew of a ship suspected of throwing five stowaway Dominican migrants overboard arrived in Panama to face possible charges in the deaths of two of the men.
- Auckland sees fewer cruise ships
NEW Zealand's largest port operator Ports of Auckland Ltd said yesterday it is anticipating a reduction in the number of calls by cruise ships in the 2003-2004 season due to concerns about terrorism.
- New Japanese training ship back at sea after sinking incident
HUNDREDS cheered at a port in south-western Japan yesterday as students of a fisheries school whose training ship was sunk by a US Navy submarine in a fatal accident two years ago took its replacement to sea for the first time.
Air and Land Transport
- Qantas sees sales drop over 60% as Sars dents demand
QANTAS Airways said sales on some routes dropped two-thirds as a deadly virus sapped travel demand, causing the airline to cut its own profit target and delay the delivery of planes.
- Patrick wins contract to assess Baghdad airport
- Manila to run airport terminal for now
- Cathay raises freight rates
- US Airways posts Q1 profit of US$1.6b after exceptionals
- Virgin seeks financial data on Concorde
Features
- Hands off, govt advised
BREAKING up may be hard to do, but it appears especially tough for the US government and the airline industry.
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| MAY 8, 2003 |
- Shipping cos given July 1 deadline to comply with safety code
- SCI sell-off process sets sail again
- DHL Danzas, Lemuir Group launch new JV - ‘Single source with global presence’
- IPBCC lines to raise eastbound rates from June
- EU to launch 15-m euro plan to highlight business opportunities
- Govt to fix fiscal target for export of commercial services soon - Software, IT trade record 27.4 pc rise
- Anti-dumping duty on metcoke from China to continue till May 2004
- Marine food products exports register 10 pc growth
- Edible oil imports total 5.03 lakh tonnes in April
- EAN India begins offering barcode verification services
- Auto components exports poised for rapid growth
- EU envoy cites need to modify IT marketing strategies to make a mark in Europe
- ADB projects 6 pc GDP growth for India in 2003
- Chilli adds spice to export figures
- Supreme Court dismisses writ plea of P&O Ports - JNPT: Conversion of BT into CT
- CONCOR hikes Amingaon ICD-Cossipore/Haldia freight rates
- User fee for Bangalore, Hyderabad airport projects
- Govt to set up SPVs to develop industrial clusters
- Seven more planned
- Commerce Ministry tops in e-readiness: Survey
- Fieo thanks DGFT for continuation of DEPB scheme
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| MAY 7, 2003 |
- Gulf Coast gripes: Tight avails and off-spec fuel
- US East Coast markets on the up
- Crude prices climb after unexpected US stock draw
- Canadian East Coast very quiet, pipeline reported out
- Suez still suffering shortages of gasoil, market firms slightly
- Chemoil declares first month in Panama a success
- Panama Canal: Summer locks maintenance work schedule
- Testing times for St. Petersburg bunker suppliers
- African bunker market report from GAC
- St. Petersburg Port to close for anniversary celebrations
- LUKOIL-Neva LLC announces expansion of bunker operations
- Bullish IFOs subdue Korea
- New Saudi posted prices
- Rotterdam steady to soft, barges tight
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| MAY 7, 2003 |
- Seawheel completes its new management team
- NOL announces sale of American Eagle Tankers
- Delta Air Lines first quarter 2003 results
- BVL celebrates 25th anniversary
- Wolf-Garten GmbH chooses ABX Logistics
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| MAY 7, 2003 |
- EUKOR plans nine newbuildings
- No flag can protect itself against terrorists
- Former Swedish shipowner sentenced to pay EUR 21 million to the state
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| MAY 7, 2003 |
- Class approval in principal for CNG carrier
EnerSea Transport LLC, says that its VOTRANS gas carrier has achieved "Class Approval in Principle" (AIP) from ABS
- Byrd slams inadequacy of port security budget
At a hearing of the Senate's Homeland Security Appropriations Subcommittee, Senator Robert C. Byrd, D-W.Va., called for a higher budget priority for port security
- Oakland awards $4.75 million security contract
The Port of Oakland has awarded a $4.75 million maritime security enhancement contract to Florida-based ADT Security Services, Inc.,
- Textron, Otech in RB-M race
Like Manitowoc Marine, Textron Marine and Land Systems, New Orleans and Ocean Technical Services Inc. (OTECH) of Harvey, La., are each building a test boat for the USCG's response Boat-Medium program
- NCL launches its U.S.-flag brand
Star Cruises' Norwegian Cruise Line (NCL) unit yesterday announced its new U.S.-flag brand--NCL America
- Class notation for fuel systems
A new voluntary class notation from Det Norske Veritas meets an increasing market demand for the classification of fuel oil treatment and conditioning systems
- Security lapses delay cruise ship
Carnival's Holiday was held in New Orleans after breaches in security procedures
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| MAY 7, 2003 |
- Blaine border patrol inspectors nab over $3 million worth of BC Bud
- Department of Commerce finds Canadian wheat subsidized
- Norwegian Cruise Line names US Flag operations 'NCL AMERICA'
- Coast Guard taps three firms to deliver 41-foot test boats
- New TSA rule checks drivers hauling dangerous goods
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| MAY 8, 2003 |
- Backers pull the plug on inreon
ONE of the showpiece electronic platforms of the global reinsurance market has been killed by its main backers, Munich Re, Swiss Re and Accenture.
- DNV urges rejection of standards role for IMO
PROPOSALS that would give the International Maritime Organisation the legal clout to set minimum ship structure standards have come under fierce attack from a leading International Association of Classification Societies member.
- Industry supports Maersk over payment of ransoms
MAERSK was right to pay a cash ransom to buy the release of seafarers held hostage off Nigeria, leading shipping organisations believe, writes David Osler.
- Belgium ready to revive national flag
THE King of Belgium is expected to sign a Royal decree tomorrow which paves the way for the reflagging of the Belgian fleet, more than 12 years after the entire fleet was flagged out.
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| MAY 7, 2003 |
- Deutsche Post boosts profits in Q1
The German mail and logistics group forecast a strong year after operating profit jumped by a better-than-expected 5 percent, to more than $1 billion.
- Air-cargo carriers fret after Motorola shuts China HQ on SARS scare
The electronics giant closed its head office in China after an employee contracted the disease.
- FMC submits results of TSA contract discrimination probe
- Judge seeks extension in DHL case
- TACA plans eastbound increase
- China Shipping wants controlled-carrier exemption
- House committee hearing on guns for cargo pilots
- China's Guangzhou expanding logistics sector
- European Commission proposes international approach to security
- Product precautions barring trade: Report
- Railcar maker Trinity Industries sees 1Q loss
- Lufthansa Cargo, Siemens deliver SARS relief shipments
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| MAY 7, 2003 |
- New carrier/terminal discussion agreement to fix US port security charges
An influential group of US terminal operators and carriers with US terminals is expected to inaugurate its own discussion agreement next month, allowing it to discuss and fix security charges.
- US Customs deadline for tough 24 hour rule enforcement
- Lines begin to fight charter hikes, but market rises again
- Leading Halifax terminal still plagued by congestion
- US Customs: Industry friendly rules to succeed harsh Strawman proposals
- MSC swells number of newbuild orders over 8,000TEU
- Strong profit for Samudera as turnover weakens
- Shenzhen's YICT moves to streamline truck movements
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| MAY 7, 2003 |
- Better mood for PDVSA Finance
Ratings agency ends downgrade study for oil giant subsidiary as Venezuelan recovery continues.
- Bullet holes in Carnival security
Screen break leads to cruiseship hold up after guns and bullets found.
- On the double!
Mass pols push barge operator Bouchard to ban single hulls for spill zone.
- Swedish Orient returns to profit
Iraq conflict lifts business for ro-ro vessels.
- Silver lining for Hapag-Lloyd
German container line sees profits dwindle in 2002, but parent TUI is upbeat for 2003.
- Trico losses stack up
Offshore operator's figures sunk by North Sea slump and rig decline in US Gulf.
- Khazar mulls fleet expansion
Iranian owner reportedly looking to move into tanker operations.
- Higher costs, lower profits for Lorenzo
Philippine bulker and boxship owner struggled with falling revenues and increased competition in 2002.
- Saevik moves for Havila rescue ships
Norwegian owner’s chairman Per Saevik offers NOK 550m for 11 vessels.
- Braemar Seascope sets profitable course
Broker says result is "pleasing" in year of extremes.
- Kirby thinks big on barges
US owner signs deal with Trinity Industries for 16 vessels, with an option for another 16.
- Bjarne Tvilde seeks new shipping role
Reorganisation prompts Tschudi & Eitzen chief operating officer to stand down.
- SCI sale roadshows to woo foreigners
Indian government hits the road to entice overseas bidders into privatisation race.
- Greek VLCC detained in Australia
Inspectors also hold IMC pool bulker, and Australian boxship.
- RCCL launches bonds
Cruise line's $250m issue prices at 8%.
- Shipping boosts Bollore
French owner of Delmas and Otal container lines sees revenues jump in first quarter.
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| MAY 7, 2003 |
- China Shipping buys slots on CMA CGM’s Asia/U.S. Gulf ships
- TACA carriers to raise Eastbound rates
- Lower box rates cut Hapag-Lloyd's profit by 38%
- FMC to act on Pacific carriers' BIAS case
- China Shipping petitions FMC for 30-day wait waiver
- Menzies to handle cargo in New Zealand
- Airnet Systems sees first-quarter profit
- Kmz Rosenman, women in international trade plan trade compliance seminar
- FMC revokes 25 OTI licenses
- Deutsche Post group’s logistics profits up 46%
- Port of Long Beach names rubin managing director
- U.S. terminals, carriers move towards joint port security charges
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