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| SEPTEMBER 11, 2003 |
Shipping News
- MPA unveils $100m maritime tech R&D fund
THE Maritime and Port Authority of Singapore unveiled its roadmap for maritime technology R&D yesterday, underpinned by a $100 million catalyst fund to be spread over 10 years.
- IMO opens first Asian office
THE International Maritime Organisation opened its first Asian office with the inauguration of the IMO Regional Presence Office in Manila yesterday.
- Evergreen planning US$3b expansion
EVERGREEN Group, the world's fourth-largest shipping company by container capacity, plans to spend almost US$3 billion in the next 10 years to expand and upgrade its fleet to take advantage of a recovering global economy.
- North Sea oil slick shrinks
MOST of a North Sea oil slick from the sunken cargo ship Tricolor has disappeared, reducing the threat of pollution to the Belgian and Dutch coastline for now, maritime officials said on Tuesday.
Air and Land Transport
- Airline recovery still some way off: BA's Eddington
BRITISH Airways Plc chief executive officer Rod Eddington said a recovery in the airline industry is 'some way off' as European economies struggle to pull out of recession and concerns over terrorism deter people from flying.
- Air India planning China flights
- Taipei proposes cargo flights to China
- New runway at Frankfurt to open in early 2007: Fraport
- Lufthansa passenger numbers stable
- KLM-Air France pact possible soon
Features
- Training seafarers for China's expanding fleet
THERE are 464,500 Chinese seafarers including ocean-going, near sea-going and river-trade seafarers.
Port Shots
- Port Shots
BRITAIN's biggest port operator Associated British Ports Holdings reported a better-than-expected one per cent drop in H1 pre-tax profit before goodwill, amortisation and exceptional items to 66.6 million .
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| SEPTEMBER 11, 2003 |
- RCL chases bigger market share in China
- Wanzhou Port to become transit hub for Sichuan
- Container market rises on China's foreign trade push
- IMO opens regional office in Philippines
- Big Plans for Japan's NYK
- Atlas shares suspended on NY Stock Exchange
- Qatar Airways signs Standard Chartered landmark deal
- Lufthansa Cargo joins Barig
- Polar appoints UAE sales agent
- Eberwein to resign from Frontier Airlines
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- OSL handles 50th crude carrier during this fiscal
- AEPC to hold buyer-seller meet on Sept.22,23
- Oilmeal exports soar in Aug.
- Impressive performance by Tuticorin Port in August
- First Conraj rake flagged off on ICD-Sabarmati-JNP route
- Floating dry dock to be auctioned
- CONCOR plans to augment haulage capacity, set up more inland container depots
- Govt to rationalise edible oil import duty structure
- World Bank sees enhanced export growth for India this fiscal
- Shell to develop major non-LNG multi-cargo port at Hazira
- CII teams visiting UK, Ukraine
- Inflation rate falls to 3.7 pc
- Forex reserves rise by $692 million
- India's GDP growth will cross 6 pc: World Bank
- NIOT to set up first ever ocean thermal power plant
- SEZs at Salt Lake & Jodhpur notified
- Last date for filing TDS returns extended to November 30
- Move to amend Section 206C of I-T Act
- Homage paid to Holck-LarsenI
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| SEPTEMBER 10, 2003 |
- Demand still slack on USWC
- US East Coast slightly firmer amid weak demand
- US crude stocks fall but overall oil stocks on the rise
The latest weekly reports form DOE and API went against market expectations of a moderate crude build and draw in gasoline stocks, and showed a bigger-than-expected rise in stock of distillates.
- California: Cautious optimism on new Bunker Tax Bill
The Californian bunker industry now entertains well-founded hopes that the damaging bunker sales tax could be abolished shortly as it has the support of several state senators. A new bill, Senate Bill 808, is facing the first of 2 hearings today and later a vote at the Californian Assembly and Senate floors. If it goes through, it would be on the state Governor's desk shortly, where last year's decision to veto the bunker tax exemption seems less likely this time around.
- Piraeus numbers fall - but not enough to tempt back business
- New Saudi posted prices
- Singapore: MPA to focus on upgrading existing licence holders
We asked the MPA if they could give a reason for rejecting Petco's application, and if indeed it will not issue any new bunkering licences until 1 June 2005.
- Fueloil supply improves in Klaipeda
- aRotterdam still a non-mover this morning
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| SEPTEMBER 10, 2003 |
- Transamerica names new VP Europe for maritime containers
- Melfi Marine appoints new general agent in Italy
- Iberia's airport division earns certification
- Kick-off for Ökombi's new overnight Vienna-Hall connection
- Tibbett & Britten launches bid for reverse logistics specialist
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| SEPTEMBER 10, 2003 |
- Port Directive to conciliation
- Oil slick too big to come from "Tricolor"
- Wärtsilä adapting capacity to market conditions
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| SEPTEMBER 10, 2003 |
- "K" Line placing orders for nine new container ships
- Pair of surplus cranes heading to Port of Everett
- Port of Tacoma holding boat tours and open house event
- International Maritime Organization opens Asia-region office in the Philippines
- Three firms to invest in Chinese auto facility
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| SEPTEMBER 11, 2003 |
- Tanker crew rights given boost by Pex amendments
Tanker owners have welcomed proposed changes to the much-feared draft European directive on ship-source pollution and criminal sanctions that have been put forward by Dutch Euro-MP Peter Pex.
- Stolt-Nielsen clients promised lower prices after revamp
CLIENTS of Stolt-Nielsen Transportation Group, the beleaguered chemical transport group, have been promised lower prices in the coming months as a direct result of a revamp initiated by the company’s new managing director of tanker trading.
- Iraq talks up oil revival plans
IRAQ’S oil ministry plans to raise the country’s production to pre-war levels by March next year and could take it past 3m barrels per day.
- Pierre Aury to head Clarksons’ new subsidiary
CLARKSONS, a leading shipbroking and shipping services group, has hired freight derivatives expert Pierre Aury to spearhead new subsidiary Clarkson Capital.
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| SEPTEMBER 10, 2003 |
- Legal bid to stop US-UK ghost tow
- US security still a 'daunting task'
- Santos revival lifts Codesp
- Cyprus pre-empts EU membership
- Able UK defends ghost ship plans
- Have your say! v
- AP Møller launches African vision
- Officers issue PDV tanker warning
- Sealand Express refloat on Friday
- New Aker Ostsee agrees cuts
- EC urges members on pollution
- Knightsbridge directors recommend
- India relaxes rates and rebate rules
- Low levels still hinder Rhine flow
- Paschalidis blow for Greek terminal
- Bandar Abbas plunges into chaos
- Singapore boosts maritime R&D
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| SEPTEMBER 10, 2003 |
- Air-cargo 'passenger' shows security flaws in aviation, say executives
The arrest of a New York man who shipped himself in a crate to Dallas demonstrates the vulnerability of air transport to potential terrorists, industry executives say.
- Lufthansa slump hurts rally hopes
Europe's largest scheduled air-cargo airline quashed hopes of a pre-Christmas rally as shipments in August fell by more than 5 percent from a year ago.
- Jump for Hong Kong air cargo
- U.S.-Canada bridge to get truck-only lanes
- Atlas Air moves to Pink Sheets
- China could change VAT refunds: Report
- Environmentalists challenge "ghost fleet" transfer
- GT Nexus provides EGL visibility
- Accenture tabs Byrne for SCM
- Royal Air Maroc joins online exchange
- Bill would allow ports to collect container fees
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| SEPTEMBER 10, 2003 |
- More talks in attempt to diffuse escalating Canadian intermodal dispute
Protesting Canadian truckers have said that they want to bring the national intermodal system to a halt in a bid to convince rail companies become more operationally efficient.
- Democrat senators lambaste President’s security policy for being ‘long on rhetoric and short on substance’
Leading politicians have slammed the Bush Administration’s Department of Homeland Security (DHS) which they say is ‘creating disasters just waiting to happen’.
- Lack of charter activity down to lack of ships says broker
- Indian authorities aim port cost benefits at shippers
- Swan sets sail early with one ship north Baltic service
- NZ to have toughest biosecurity regime
- ICF seeking to reposition itself in European market
- Hurricane Fabian leaves squalls over cargo in its wake
- CSAV’s Montemar due to add third West African feeder
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| SEPTEMBER 10, 2003 |
- Genmar may see full trade
New York tanker company extends bond exchange deadline through Thursday.
- Petrobras hears 'warning' shot
Oil workers stage one-day strike over wages.
- Gorthon brings selling spree to an end
Swedish forestry products shipping company trims fleet to 12 vessels with latest ro-ro sale.
- Russian oil transfers ignite UK fears
Local authorities press for tighter controls as export cargoes step up.
- Clarkson hires Pierre Aury
Ex Enron freight trading chief to head Clarkson Capital.
- Claims filed over Tasman Spirit
Polembros back in the firing line as cargo interests claim master was negligent.
- ASC ordered to clean up coal spill
Philippine owner assists coast guard teams in environmentally sensitive waters off Boracay.
- Gdynia nets boxship quartet
Polish yard's early delivery slots lure owners back.
- Taiwanese boxship pair build revenues
August saw Evergreen and Wan Hai increase sales further.
- NYK inks Dalian terminal stake
Japanese shipowner looks to make further inroads into China's growing automobile market.
- Taiwan expected to join US box screening scheme
Port of Kaohsiung could be last piece in US Customs’ security jigsaw.
- Wartsila chops power plant capacity
Up to 500 jobs to go as Finnish manufacturer continues revamp to focus on marine engines.
- Cosco Industrial looks to offload CIS stock
Local brokerage firm granted placement option to buy 60.9m Cosco Investment shares.
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| SEPTEMBER 10, 2003 |
- Evergreen to build 49 boxships for $3 billion
- Shipper association NAAA holds European conference
- First new Matson ship to join Hawaii service
- Delmas lowers Israel/West Africa war risk surcharge
- EPA rejects call for stricter vessel discharge measures
- IMO names Pimentel to manage Philippines office
- New York Stock Exchange delists Atlas Air
- ICF adopts restructuring plan to raise profits
- Manhattan Associates integrates warehouse and transportation systems
- Logistics executives join ARC collaboration group
- Senate oversight hearing focuses on transportation security
- U.S. Customs steps up enforcement of transshipped textile imports
- Commerce considers section 201 duties in antidumping proceedings
- USTR awards $1.2 million WTO "capacity building" grant
- USDA gives seeded grapefruit imports a break
- NYK Logistics picks WhereNet container tracking software
- DCA appoints Rausch executive director
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