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| SEPTEMBER 10, 2003 |
Shipping News
- ITF urges dialogue with owners
THE International Transport Workers Federation yesterday urged Asian shipowners' associations to join the ITF in dialogue on issues of common interest in a bid to reach mutually beneficial solutions for industry issues.
- Make security a top priority: S'pore
CALLING for the improvement of maritime security and safety to become top priority, Senior Minister of State for the Prime Minister's office Matthias Yao said multilateral cooperation was crucial in the fight against terrorism and piracy.
- K Line orders another 9 container ships for 80b yen
KAWASAKI Kisen Kaisha is continuing with its major capacity expansion, ordering another nine new container vessels with a price tag of 80 billion yen , Japan's third largest shipping line announced yesterday.
Air and Land Transport
- Aussie regulator blocks Qantas-Air NZ alliance
AUSTRALIA's competition watchdog yesterday rejected a revised proposal from Qantas Airways and Air New Zealand to form an alliance, saying it was not in the public interest.
- United expects US$5b cut in annual costs: CEO
- Thai Airways to invest 4.6b baht
- Ryanair's Belgian hub to be privatised
- SriLankan Airlines to have more KL-Colombo flights
- Individual investor to take 35.8% stake in Skymark
Strait Talk
- Debate over appropriate crew numbers intensifies
A CONSTANT theme over the last couple of decades has been that crew numbers have been cut to a minimum while the workload, on officers and masters particularly, has been growing.
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| SEPTEMBER 10, 2003 |
- Modern Terminals signs initial phase three agreement with Port of Dalian
- China Post drops express mail charges
- Maurice Storey appointed chairman of Hatsu Marine
- Dubai Shipping to get SIS total fleet management solution
- Horizon makes scholarship awards
- European dockworkers embark on week-long protests
- Thai Customs dictate import disclosures
- Odyssey Logistics poised to expand after stock move
- Malaysia Airlines inks IT deal with IBM
- Hactl sees tonnage grow 4.8pc in August
- ABX lands USA Jet Airlines modification order
- Continental to launch daily non-stop New York, Edinburgh flight
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| SEPTEMBER 10, 2003 |
- Shreyas Shipping commences services ex-MICT
- 2nd Asia Maritime & Logistics Conference 2003 on Oct. 6-7
- Indo-Asean framework trade pact likely to be inked in Oct.
- Govt may step in to check flood of penicillin-G from China
- Chinese team to meet businessmen on Sept. 11
- TAMP gives Major Port Trusts freedom to lower tariffs, offer higher discounts
- KoPT to hold workshop on inland water transport
- Railway Minister lays stone for CONCOR’s Kidderpore terminal - Another terminal in Kolkata Port premises soonI
- Top cos make beeline to backward states - Tax holiday set to continue on investments
- Rising steel prices hit auto, 2-wheeler industries
- Coconut products’ expo evokes good response
- SRTEPC lines up several promotional plans for textile exporters
- AIAI welcomes Dr Reddy as Governor of RBI
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| SEPTEMBER 9, 2003 |
- Suriname: Staatsolie announces reorganisation
- Panama prices push back up
- Denmark to UK bunker move
- Speculation MPA will not issue new licenses as Petco is rejected
News that Petco's application for a Singapore bunkering license has been rejected has led to speculation that the Maritime Port Authority of Singapore will not issue any new licenses until the new Accreditation Scheme for Bunker Suppliers is fully implemented in June 2005.
- Istanbul starts to turn bullish
- Rotterdam market steady
- Rising cargo curtails Fujairah's bears
- Brazilian market update
- Hong Kong numbers steady after recent bearish run
- Barge back in service at Novorossiysk
- St. Eustatius: Statia announces return of its largest barge
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| SEPTEMBER 9, 2003 |
- Loxxess AG names new member of the executive board
- Hamburg Süd charters latest L&B newbuilding
- Emirates SkyCargo bumps up frequency to China
- Transamerica Leasing for Euro-PSL
- Tibbett & Britten acquires majority stake in German company
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| SEPTEMBER 9, 2003 |
- Scandinavian shipowners forced to replace Indonesian crews
- US Navy criticisies own submarine captain after tanker collision
- "Gute" replaces "Petersburg"
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| SEPTEMBER 10, 2003 |
- Fortum to spin off oil and tanker business
LEADING Finnish energy group Fortum is spinning off its oil business, including a 1m dwt tanker fleet, into a new company which will undertake an initial public offering on the Helsinki Stock Exchange.
- Security red tape hits Muslims’ jobs
The US Coast Guard is offering little comfort to Muslim seafarers facing the sack as result of discrimination, saying each shipping company will have to "make its own conclusions".
- First Statoil Cove Point LNG deal
STATOIL has tied up its first long-term deal for the supply of liquefied natural gas to the US’s Cove Point terminal, where Norway’s largest energy group controls one-third of the capacity.
- VLCC shipowners celebrate return of rates over W100
SHIPOWNERS with very large crude carriers operating on the spot market are celebrating the return of post-W100 freight rates for cargoes from the Arabian Gulf to the east, as demand outstrips availability.
- Ports’ pledge as Mbeki opens South Africa maritime centre
PRESIDENT Thabo Mbeki pledged to improve the efficiency of South Africa’s notoriously underperforming ports when he opened a new maritime training centre in Cape Town yesterday.
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| SEPTEMBER 9, 2003 |
- Evergreen details fleet expansion
- Cenargo to trade as Norse Merchant
- Alstom approval has conditions
- Lawyer warns Madrid over Prestige
- IUA praises London market reforms
- US ballast petition turned down
- Alcatel hit by cable downturn
- Euro dockers announce strike date
- ITF defends its wage benchmark
- Valdez expert lays into Polembros
- Prestige extraction tests under way
- Bernd Wrede eyes TUI move
- Fears grow over rejected sheep
- Syria, Lebanon look to Europe
- River Plate dredging debt mounts
- Tricolor spill plan activated
- US Coast Guard to be strengthened
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| SEPTEMBER 9, 2003 |
- Box fees would pay for port security
New legislation has been introduced in Congress that would permit port authorities to collect container fees from importers and exporters to pay for port security or infrastructure upgrades.
- Evergreen plans $3B buying spree
The Taiwan carrier will spend nearly $3 billion over the next decade to expand its fleet to meet growing demand, its chairman said.
- NYSE suspends trading in Atlas stock
The New York Stock Exchange has suspended trading in shares of Atlas Air Worldwide Holdings Inc., the parent of Atlas Air and Polar Air Cargo, and wants to delist the troubled company.
- Dems hit Bush over transport security funding
- Malaysia warns terminals on competition
- New Orleans re-signs APM Terminals
- ST&R acquires textile consulting firm
- CCNI, Frontier to share vessels
- CSI, AMS top North Atlantic shippers’ agenda
- Unitech appoints Coast Guard’s Pluta to head homeland security
- Carriers mull options as boxship charter rates soar
- Strike threat shadows Vancouver port talks
- New chairman at Hatsu Marine
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| SEPTEMBER 9, 2003 |
- Protests and congestion bring CN Brampton sliding to a halt
Activity at Canadian National Railway's (CN) Brampton intermodal terminal ground to a halt as congestion at the terminal has reached a critical level.
- Carriers issue warning to Port Klang on rate increases
Shipping lines calling at Port Klang want the Transport Ministry to ensure that the proposed increase in marine charges at the port are ‘reasonable’.
- Financing of freight lines opens debate on rail problems
- African shippers to benefit from Asian link
- Rickmers' post-panamax order boosts Korean yard
- ANL extends PNG service; chief honoured
- Minister lays foundation for Concor’s Kolkata Terminal
- High cargo throughput for Mersey Docks let down by shipping side
- Pacific National hauls profit for Patrick, Toll
- SARS effect cuts orders as August HK volumes dip
- Exel affirms a positive 2003
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| SEPTEMBER 9, 2003 |
- Bondholders agree Cenargo takeover
Company to be renamed Norse Merchant as investors swap bonds for equity.
- LISCR opens German office
Registry notes resurgence in ship management services.
- Senior OSG execs unload stock
Huge profits as 45,000 shares sold at near-52 week high.
- UK Club backs Shell
Top P&I mutual promotes oil major’s approach to combating human error at sea.
- Hartmann adds to boxship order tally
German owner opts to build at home yard Aker MTW Werft.
- IMO opens in Asia
Regional presence office in Philippines given official blessing.
- World Bank slams Chittagong inaction
Bangladesh port’s capacity needs urgent boost, together with privatisation, report claims.
- Samskip branches out again
Icelandic container line launches new service to Sweden and Latvia.
- Fortum to spin off tanker and oil business
Finnish energy giant plans listing in Helsinki next year as it splits operations in two.
- Tractebel buys US LNG terminal space
Hoegh Galleon and Excalibur likely to ship cargoes into Cove Point.
- TACA rates rise in the east
Transatlantic boxship conference follows up big westbound hikes with more modest eastbound ones.
- Koreans pay down debt
Tanker and boxship newbuilding ordering boom leaves shipyards flush with cash.
- New refloat effort for Sea-Land Express
Salvors will attempt to free grounded Moller boxship later this week.
- Mersey Docks cautiously optimistic after earnings fall
First-half profit dips at UK ports and feedership operator, but outlook "leaning towards positive".
- Storey named Hatsu chairman
EX-MCA chief chalks up second directorship from private sector in as many months.
- Samudera sets up shop in India
Singapore-listed Indonesian shipowner looks to strengthen ties with customers with local presence.
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| SEPTEMBER 9, 2003 |
- H. Stinnes Linien adds multipurpose ship
- European court prepares to rule on TACA carriers' $300-million fines
- South African maritime academy opens
- Zim returns to the black
- CMA CGM, China Shipping extend Africa service to China
- NYK expands automobile terminal business in China
- Hyundai replaces agents in Scandinavia with own offices
- Crowley Maritime names Dowd VP labor relations
- World Airways to deliver mail for troops in Iraq
- Finnair adds cargo lane to Swedish city
- DOT raises hazmat fines
- USF offers delivery guarantee
- USTR, USDA chiefs to lead U.S. delegation to WTO meeting
- U.S. agriculture ready to level international trade playing field
- International biosafety trade protocol effective Sept. 11
- Log-Net names Maris COO
- Exel China unit contracts with Legend Group, PC maker
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