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| SEPTEMBER 9, 2003 |
Shipping News
- Cosco to expand two China yards, look for acquisitions
AS China sets its sights on being the largest shipbuilding nation in the world by 2015, Cosco Investment is keenly eyeing a piece of the pie as it plans the expansion of its two current repair and conversion yards in China, along with further acquisitions.
- Asian owners reject proposed wage hike
THE Asian Seafarers Employers' Group has refused to support a global wage rise for seafarers set for January, and demanded the International Transport Workers' Federation cease its boycott of flags of convenience.
- Call to step up maritime security against terrorism
TWENTY-one nations with Pacific Ocean ports yesterday worked on ways to boost security against militants, pirates and smugglers but some delegates warned that governments and the shipping industry still had much to do.
- SuperStar Aries gets security certification
STAR Cruises' liner SuperStar Aries has become the first passenger ship to comply with the International Ship and Port Facility Security Code , which will be mandatory from July 2004.
- Asian shipping lines set to continue turnaround
ASIAN shipping lines look set for further healthy profits until at least 2005, buoyed by a sustained climb in freight rates fuelled by China's export boom and a tight supply of ships.
Air and Land Transport
- Airlines need reinvention to beat low-cost carriers
NETWORK carriers have to reinvent themselves if they are to survive the coming competitive onslaught from low-cost carriers, said an AT Kearney senior transport consultant recently.
- MAS expects to stay in the black despite Q1 loss
- Malaysia Airlines gears for influx of Chinese tourists
- Virgin Blue applying to start up NZ subsidiary
- Chinese carriers to operate more flights to Sydney airport
- Demand for jets rising in China
Bulletin Board
- Bulletin Board
DHL Danzas Air & Ocean Asia Pacific has named Peter Landsiedel chief executive.
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| SEPTEMBER 9, 2003 |
- K Line to add nine vessels to containership fleet
- FedEx wins appeal on money-back guarantee suit
- Taca reconfirms rates hike
- USF Corporation offers 'free' service
- Tranz Rail profit jumps 59pc
- Christening ceremony has familiar ring
- DHL launches new LCL connection into eastern Europe
- NY/NJ sells US$300 million of consolidated bonds
- Crowley wins `Best of the Best' magazine award
- Emirates SkyCargo increases Shanghai services
- NWA Cargo offers forwarders cargo tracking at CPS web site
- UA, Lot Polish Airlines sign agreement
- Tame expands fleet with Airbus
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| SEPTEMBER 9, 2003 |
- Hapag-Lloyd, Evergreen chalk up spectacular jump in H1 profits
- Mediterranean lures CMA-CGM for new loop
- MSC to link Far East to Black Sea via Tiger Service
- "K" Line rolls out another N. Europe/East Med service
- Gulf Africa Line adds 5th vessel to fleet
- Hamburg Port container throughput soars
- FPS now spans 22 countries
- Tonnage tax stalled by lack of data on coastal vessels
- Maritime expo in Mumbai from Oct. 8
- Sugar exports likely to exceed 2 m tonnes
- Focus on exports to Africa, LatAm, China, recommends Exim Bank study
- EU scraps anti-dumping duty on Indian bedlinen
- L&T Ramboll named consultants for Alappuzha port
- ChPT’s S.E (Marine) Division of Electrical & Mechanical Dept bags ISO 9001:2000 certificate
- Ports now await ships, declares Sinha
- 2 new berths at Vizag Port almost ready
- Forex reserves up by $ 148 million to $ 85,563 million
- Indian economy to grow at 6.5 pc, say officials
- No more reduction of import duty on LNG projects: FM
- PM hints at mutual cooperation with Asean nations - India pledges $ 1 bn to Thailand’s bond move
- Commercial vehicles sector docks record growth of 20 pc
- Kerala chalks out plan to set up export zone for herbal products
- Top Customs & Excise officials assure exporters of quicker, simpler procedures - Lively, informative interaction at Fieo’s Open House meet
- India to focus on non-tariff barriers at Cancun meet
- Textile Ministry working on 12-digit coding system to help exporters in quota-free regime
- IOC approves Paradip-Haldia project
- Global sugar prices may go up
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| SEPTEMBER 8, 2003 |
- The Baltic in Brief
Many Baltic ports have been experiencing problems with fueloil availability lately. Overall though it seems the situation throughout the area is improving somewhat...Improved availability seems to have nudged prices marginally lower throughout the region despite a slightly firmer to steady trend throughout other major Northern European ports.
- Uruguay market update
- Iraq's northern pipeline to stay shut for longer
The pipeline is the only export route from Iraq's northern oilfields, where output will remain restricted as long as this bottleneck for the flow of oil remains corked.
- Korean numbers rise as holiday looms
- Crude seen supported again after last week's fall
Crude prices have been on a light rebound today after they had about 8% wiped off values last week. Traders will again focus on overall low oil inventories and potential supply threats.
- St Petersburg: Gasoil avails improved
- Rotterdam little changed this morning
- TWI: Japan/Korea comes out on top again
With an average fuel in Korea or Japan scoring 62 points on the TWI scale, compared to 47-48 in Singapore, Viswa Lab calculates that "if the fuel cost in Singapore is $166/ton it ought to sell in Korea for $205 to $215.
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| SEPTEMBER 8, 2003 |
- BNS Software AG appoints new CFO
- CMA CGM launches Asia-Black Sea and East Med service
- KLM Cargo soars
- Elbe/Oder Inland Navigation Forum set up
- Tibbett & Britten: Czech mate with Tesco
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| SEPTEMBER 8, 2003 |
- Germany to temporarily ease manning nationality rules
- First ISPS certificate to Star Cruise’s vessel
- HH-Ferries buys ferry
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| SEPTEMBER 8, 2003 |
- Federal judge throws out protester's suit against Coast Guard
- Big Sky Airlines changing Olympia flight times
- Matson Navigation and Intermodal receive Quest for Quality honors
- Oregon crab take flight from Portland to Beijing
- US joins list of nations to ratify new airline liability convention
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| SEPTEMBER 9, 2003 |
- IHI Marine wins Japan’s first 8,000 teu orders from K Line
A JAPANESE shipyard has won the country’s first order for 8,000 teu tonnage, with K Line choosing IHI Marine United rather than a Korean builder.
- Owners and unions spar before pay forum
ANTAGONISM between shipowner bodies and seafarer unions is mounting in the lead-up to First International Bargaining Forum in Singapore on Thursday.
- Storey to join Evergreen
MAURICE Storey, the high-profile former chief executive of the UK’s Maritime & Coastguard Agency, is to join Evergreen Group, writes Janet Porter.
- Submarine collision report criticises captain and crew
AN ILL-trained submarine crew, a master absent from the conning tower, and the distracting presence on-board of a squadron commodore all contributed to last November’s near-disastrous collision between a US nuclear-powered submarine and a liquefied natural gas tanker near the Strait of Gibraltar, writes John McLaughlin in New York.
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| SEPTEMBER 8, 2003 |
- Retired Storey adds another job
- Oil shipments hinder seafood sector
- Gotland bribery case underway
- Ghost fleet deal under spotlight
- Tasman salvors fear tanker arrest
- PNSC counters on $1Bn claims
- Kuwait plans $800M port for Iraq
- Maltese yard problems highlighted
- Arbitration over border islands
- Customs breaks Alang tax racket
- Louis Dreyfus moves into ro-ro
- Maersk Sealand to bid for Fos
- Shenzhen to double box capacity
- Asian owners oppose ITF wage hike
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| SEPTEMBER 8, 2003 |
- Carriers mull options as containership charter rates soar to new records
Carriers are looking to buy second-hand ships or order new tonnage to avoid being locked in at record rates for increasingly long fixtures.
- New strike threat in Vancouver talks
International Longshore and Warehouse Union foremen at Canadian port renounce no-strike pledge during contract negotiations.
- Storey new chairman at Hatsu Marine
Former chief executive of British Coast Guard to lead Evergreen subsidiary.
- U.S. group tipped to buy Hays logistics unit
- ABX Air lands USA Jet contract
- Journal of Commerce sponsors Short Sea Shipping Conference
- Yang Ming Line orders megaships
- Former Lucent exec to head Homeland R&D
- Ceres appoints sales and marketing chief
- Odyssey Logistics completes private offering
- Seminar on focused assessments slated
- NYK Logistics using wireless box tracking
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| SEPTEMBER 8, 2003 |
- Shipping Federation joins the fray as CN Rail counter operational criticisms
The Shipping Federation of Canada (SFC) has added its complaints about container retrieval delays at Canadian National’s (CN) Brampton Terminal.
- K Line forecasting prompts mega-ship order
Japanese carrier K Line’s positive forecasts for the period up to 2007 has led the company to announce a new order for nine container vessels totalling 59,500TEU today.
- Union throws Vancouver waterfront talks into confusion
- Sasco Shipping taps oil cargo for Russian far east
- Weak US dollar continues to affect CN
- Ex-MCA chief joins Hatsu
- Toll to lengthen Bass Strait feeders
- Modern terminals signs Dalian phase three deal
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| SEPTEMBER 8, 2003 |
- General Maritime closes bond offer
Tanker owner proposed private-public swap
- Generally positive
Genmar shares top $14 as tanker stocks keep rising
- P&I costs set for further rise
North of England Club warns of hefty premium hike despite profitable year.
- VLCC rates surge into three-figures
Frontline commands top dollar as market players turn lemming-like.
- Containership conferences merge
The Europe Middle East Rate Agreement group has swallowed Jeddah and Aqaba organisations.
- Sars hits Sasco
Russian owner’s passenger volumes dip in first six months because of bug-related travel restrictions.
- Maldives line goes direct to Tuticorin
Tropical islands’ national carrier expands service network.
- Wilh Wilhelmsen hits order trail
Norwegian owner to splash out up to $200m on adding four car carriers to fleet.
- APEC wants industry action on security
Calls for increased moves to counter terrorism, piracy and smuggling.
- Wreck removal bids sought on Tasman Spirit
Bulkheads have given way on broken tanker lying off Karachi.
- EMTA adds to Israel costs
Europe-Med boxship group plots second rise this year for cargoes into and out of Israeli ports.
- Hong Kong Ferry puts faith in bricks and mortar
Property sales compensate for loss-making ferry and shipyard operations in first half of 2003.
- K Line adds to boxship binge
Owner inks deal for largest Japanese-built containerships plus Korean post-panamax tonnage.
- Enoc plans to expand on shipping
But Emirates National Oil Co is only hinting at what is to come...
- Investors back Inui’s ship deal
Japanese owner’s shares surge after giant MOL group announces transfer of bulkers.
- Forth Ports forges ahead
UK ports and towage group builds profit in first half after record 2002.
- FESAMEC cuts war risk surcharges
Liner conference cuts the cost of shipping a container to most of the Middle East.
- Cosco Industrial sells CIS stock
Chinese shipowner's investment arm disposes of stock acquired as part of yard ownership sale.
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| SEPTEMBER 8, 2003 |
- Yang Ming and "K" Line order eight 8,000-TEU mega-ships
- Hatsu appoints Storey, former MCA head, as chairman
- Rickmers christens "Rickmers Singapore"
- North Europe/Med carriers raise rates
- FMC to examine transpacific, Puerto Rico practices
- CMB reports sharp increase in 1st-half tanker shipping profits
- HUAL, Dreyfus form European car/trailer short sea joint venture
- CCNI ends Caribbean service, joins Frontier
- OMI orders 37,000-deadweight-ton ice-class product carrier
- Gulf Africa Line adds fifth multipurpose ship
- FedEx not liable for money-back charges during Teamster strike
- TSA To hold air cargo security meeting
- ATA: Truck tonnage index up 5.4% in July
- DOT agency funds railroad safety projects
- Bonner Says Realignment of Inspection Force Will Facilitate Trade
- Antidumping duties slapped on China-produced barium carbonate
- Maersk Logistics UK offers LCL service to Morocco
- Tour Golf picks USCO Logistics to manage shoe shipments
- ITF union start week of action against EU port directive
- Ceres appoints Simmers marketing executive VP
- Hemmingsen takes charge at APM Terminals
- Savannah throughput up 16% in July
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