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| JUNE 11, 2003 |
Shipping News
- David Lim in the running for top NOL job?
SPECULATION is rife that former PSA head and ex-government minister David Lim is tipped to become Neptune Orient Lines new chief executive, but Shipping Times understands the NOL board is re-evaluating its choice.
- Update customs rules, urge M'sian shipowners
MALAYSIAN shipowners have called for an update of local customs regulations, describing some as 'archaic'.
- S Korean firm to build cruise ship complex in Yangon
A South Korean firm has agreed to build a US$22 million cruise ship terminal and hotel complex in the Myanmar capital of Yangon, a report said.
- North European shipbuilders set sail for Asia
NORTHERN European shipmakers, having outgrown their home markets after a century of expansion, are moving full steam to Asia in their search of new opportunities to ensure their survival.
- Panama Canal to protect environment
THE Panama Canal Authority has committed to environmental protection of the canal watershed, focused on the Chagres River Basin and surrounding rainforest which supply water to the shipping lane.
Air and Land Transport
- Airbus winning bigger share of civil jet market
EUROPEAN planemaker Airbus will have a lot to boast about at this week's Paris Air Show.
- Washington may give tax breaks to Boeing
- US planemaker admits misconduct by some staff
- United pilots may soon be allowed to carry stun guns
- Australia scraps A$10 airline ticket levy
- Emirates to fly trans-Tasman route
Strait Talk
- Time for IMO to show EU the door?
LAST week was a truly awful one for the international shipping industry.
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| JUNE 11, 2003 |
- New China bridge to be largest in world
- Rate restoration to hit Asia, South Africa trades
- New Hanjin vessel placed on China/Europe service
- Coscon rolls out e-commerce platform
- New name to reflect Elite's continued expansion
- PSA sees worldwide throughput growth in May
- Canadian port looks at emission reduction
- SSI's new IFPro-AMSi to ease 24-hour rule woes
- Hong Kong deemed best location for ACI office
- Polar Air Cargo picks Kales Airline Services as GSA in France
- New financial controller for Menzies Group
- KLM to appoint supervisory board members
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| JUNE 11, 2003 |
- Dredging Corporation of India registers capacity utilisation of 107.63 pc
- SAMTRA offers high-tech maritime training at low cost
- Norasia To Launch ‘EuroGalex’ - New direct service from India to Europe, jointly with MOL
- SCI signs contracts with HHI for 2 VLCCs
- GJEPC seeks duty-free import of consumables up to 2 pc of f.o.b. export value
- Andhra team told to use Mauritius as springboard for export to Europe, Africa
- Enormous wheat market emerging in Pak & Afghanistan for Punjab
- Bangla policy affects sugar exports
- ASIDE scheme must include services sector-Minister
- SSINA makes out case of steel dumping by India
- New single-day bauxite loading record established at Mundra port
- Visakha container terminal to begin operations by June-end
- Capt. Subhash Kumar takes charge as Dy Conservator at JNPT
- DHL first express firm to enter Iraq
- Single law in offing for SSI sector: Minister
- Inflation dips to 5.65 pc
- Gujarat targets growth rate of 10.2 pc, SEZ projects to be speeded up
- SEZ status likely for Butibori near Nagpur: Minister
- FDI proposals worth Rs 168 cr. cleared
- CII team accompanies Jaitley to US
- First-ever financial expo to be held in Guwahati this month
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| JUNE 10, 2003 |
- Low US stocks of heating oil cause concern
- Mixed expectations ahead of US oil inventory report
- Will OPEC help rebuild low stocks of oil?
With US supplies held below the comfort zone, but not so low as to encourage release of strategic stockpiles, OPEC has more power to swing prices by changing output.
- Improved supply set to bring prices down in Montreal?
- BP: Oil supply secured by more diverse and non-OPEC sources
World oil supply is becoming more diverse and world oil production capacity comfortably exceeds world oil demand, BP chief economist Peter Davies said today.
- Fujairah waits on OPEC
- Supply problems in Klaipeda and Gdansk
- Tallinn still competitive despite large gains
- Hong Kong still feeling effect of low Japanese prices
- Wind hampers cargo discharge in Ventspils
- Regional pressure keeps Great Belt firm
- Oil eases ahead of OPEC meet as Iraq talks of Q3 exports
OPEC is not expected to decide on a production cut until it is clear that Iraq is back in the market with sustainable and significant export volumes.
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| JUNE 10, 2003 |
- Color Line under political pressure
- More than 12,000 visitors at Nor-Shipping
- Gard and The Swedish Club to cover East Indiaman
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| JUNE 10, 2003 |
- Navatek launches Navy demonstrator
Lifting body technology could have ferry applications
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| JUNE 11, 2003 |
- Restoration of Iraqi oil output tops Opec agenda
MINISTERS at the Organisation of Petroleum Exporting Countries are meeting today to discuss quota levels and oil markets.
- Frontline to dish out more cash after tanker sales
Frontline is rewarding shareholders with a further dollar-a-share dividend after unveiling a clutch of measures that will generate both profits and cash.
- Yasin steps down after six years in top post at MISC
DATO’ Mohd Ali Yasin is to step down as managing director and chief executive of Malaysia International Shipping Corp, industry sources said yesterday.
- ‘Overwhelming’ take-up of CSI
A FURTHER 24 ports will sign up to the US-driven Container Security Initiative by the end of this month, US Customs attaché for Italy Robert Stiriti told the TOC Europe conference yesterday, writes Mark Warner in Genoa.
- Fresh look at hull clauses under way
A market-wide review of the international hull clauses launched last November is under way, the Joint Hull Committee announced yesterday, writes Sandra Speares.
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| JUNE 10, 2003 |
- Manta to be Guayaquil's future
- Tug crew strike hits Leghorn
- Dutch confirm Qasr contract
- Unions attack race act decision
- London Club stumps up for Prestige
- Norway repair to take 'months'
- SCI sale excites little interest
- Gwadar tops development budget
- Canada tightens ID requirement
- VW deals box blow to Emden
- Coalition steps up anti-terror action
- HMM taps box trade growth
- MOL gains Handy pool status
- Australian grain output to double
- Commission targets yard majors
- Korea fears steel hike consequences
- Leif Hoegh leaves Oslo stock market
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| JUNE 10, 2003 |
- ILA chief: End Evergreen strike now
Union president Bowers calls meeting, could have dockworkers back on the job at East Coast ports soon.
- Downdraft in U.K. cargo rally
Results for BAA, the world's largest airports operator, may signal stalling in air freight's recent robust results.
- Port Newark Container Terminal names Hamm president
- Details make difference in port security: Report
- Rail line linking Koreas to re-open
- Bangladesh suspends cargo-preference rule
- Volga-Dnepr taps ADP in Italy
- Move to ban Burma imports
- DHL Danzas ships Crowley hovercraft
- Grant for Erie shipyard
- Meat shippers ask rate probe
- Shippers have to change to help ports cope, execs say
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| JUNE 10, 2003 |
- Evergreen cuts losses in ILA dispute
Evergeen-America has withdrawn all charges against International Longshoremen’s Association (ILA) as it can no longer wait for the National Labor Relations Board decision (NLRB) said a company source.
- Access to funding key to Canadian ports’ competitiveness
Canadian ports have welcomed recommendations by a blue ribbon panel for major legislative changes that would render Canada’s ports more competitive with their US counterparts.
- Union deal allows Matson to buy two ships from Kvaerner
- US Seaport security funds diverted to airports
- Rates up again in Asia/Australasia trades
- HK sees 15% Q1 cargo surge
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| JUNE 10, 2003 |
- Frontline guarantees $20,000 rate on OMI ships
Connecticut owners discloses one-year deal, newbuilding and finance pacts.
- Hellenic Petroleum snaps up Dubai tanker
Greek refinery group emerges as buyer of Dubai Shipping vessel.
- Shell pays price for Knightsbridge VLCCs
But will oil major opt to renew the seven-year charter deals?
- Moller retires 90 year veteran
Shareholders back merger plan and bid farewell to 1912.
- Frontline unscrambles pool VLCC interests
Ties with OSG on tankers favoured over joint holdings with Euronav.
- MOSK hooks up with IHC
Handybulker pool up to 43 ships, but how many will Mitsui add?
- Asbestos threat to Norway
High levels of killer insulation found in cruiseship's wrecked boiler room.
- Sevastopol grows business in 2002
Ukrainian yard saw revenues jump by a fifth last year and is targeting another rise in 2003.
- Hong Kong in boxship crackdown
Evergreen, Yang Ming, Ofer and Peter Dohle ships held for life-saving equipment and certificate faults in May.
- Sohmen reels in Bergesen stragglers
Norwegian Supreme Court judgement clears the way for B-share sales.
- Concordia confirms Convoy departure
Oldest trading VLCC fetches $7.7m from Chinese breakers.
- Passenger numbers down as Tallink sell notes
May figures come off the boil for Estonian owner, as investors snap up one-year paper.
- Noble bosses benefit from bonus issue
Richard Elman, Harry Banga, Milton Au and Salomon Harouche pick up 53.7m in bonus shares.
- Norway out until October
Repairs to damaged NCL cruise ship will take "months rather than weeks" say owners.
- CMA CGM to feed UK east coast
French container line adds another feeder route to Belgium and the Netherlands.
- Ex-navy top brass to head MPA
Chen Tze Penn to step down as head of Singapore's maritime regulator in favour of ex-military man.
- Vancouver goes green
Canada's largest port is implementing a number of measures designed to help the environment.
- A&P in offshore drive
UK shiprepair group's Tyne facility picks up work from Farstad, Sealion Shipping and Maersk.
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| JUNE 10, 2003 |
- Evergreen withdraws charges against ILA
- CSAV, Peter Dohle jointly order 16 new ships
- OMI acquires tankers, conducts bank refinancings
- New 4,100-TEU ship delivered to CanMar
- A.P. Moller's D/S af 1912 stockholders approve merger
- CLARIFICATION: Hyundai decided to stop using Evergreen ships before labor problems
- Kalitta Air picks Menzies for groundhandling in U.K.
- Hurst heads CVSA
- RSPA to hold meeting on safe radioactive materials transport
- Christman named senior VP at U.S. Chamber
- No more cold treatment for Ya pears from Hebei, China
- U.S. free trade agreements with Chile Singapore urged
- Eurogate, National Container Co. in Russian warehousing link
- UTi's net income soars by 68% in February-April
- ILA's Bowers "inclined" to end Evergreen work stoppage
- Hamm named president of Port Newark Container Terminal
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