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| NOVEMBER 11, 2003 |
Shipping News
- NOL shows strong recovery with US$206m profit in Q3
NEPTUNE Orient Lines reported a rebound in third-quarter profit yesterday, on the back of a strong performance by its liner division and aided by profit from the sale earlier this year of its tanker division.
- Sydney pressing ahead with expansion of Port Botany
PLANS to expand Sydney's Port Botany container port are being pushed ahead amid fears that existing capacity will be exhausted by 2009.
- Pelepas port upgrades gantry crane fleet
JOHOR's Port of Tanjung Pelepas is upgrading and automating its rubber-tyred gantry crane fleet to boost productivity.
- LNG attack may devastate Boston Port: report
TERROR attacks on liquefied natural gas tankers in Boston harbour have the capacity to inflict substantial damage on the port and its residents, the Boston Herald said, citing a preliminary study from the government.
- Maritime Offences Bill passed
PARLIAMENT yesterday passed a Maritime Offences Bill which will give effect to the provisions of the Rome Convention aimed at international efforts to fight maritime terrorism and piracy.
Air and Land Transport
- Virgin Blue aims to raise up to A$558m in flotation
AUSTRALIAN budget airline Virgin Blue said yesterday it hopes to raise up to A$558 million when shares in the group make their stock market debut on Dec 8.
- British Airways Q2 earnings fall 36% on fare reductions
- Eurostar set to revamp management
- Electronic air tickets on sale in Indonesia
- Log Book
Features
- 'Ghost fleet' fuels row over ship-breaking
EVERY year hundreds of ships, many rusting and contaminated with toxic materials, criss-cross the world's oceans to be broken up, but few attract so much interest as the 'ghost ships' heading for Britain.
Bulletin Board
- Bulletin Board
Noble Group has appointed Stephen Marzo as its global chief financial officer, replacing retiring executive Milton Au, who will remain a non-executive director and assume vice chairmanship of the company's audit committee.
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| NOVEMBER 11, 2003 |
- Dalian moves record number of boxes in October
- Zhangzhou bolsters port infrastructure
- Ningbo becomes port of call on three services
- NOL third quarter profits rebound to US$206m
- Cosco important to Singapore, transport minister says
- DHL delivers goods to Germany for Malaysian manufacturer
- Haikou handles more cargo in October
- British Airways to move to new Heathrow terminal
- TNT tackles rugby carnival essentials
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| NOVEMBER 11, 2003 |
- MoS may pitch for scrapping withholding tax on ECBs for shipping sector
- Shipping Ministry may set aside Rs 2,900 cr. for capital dredging projects
- Enter, US pears
- Maharashtra seeks ban on onion imports
- EU clamps embargo on Indian textile cargo
- Post-2005, textile industry tipped to compete globally
- Oilmeal exports shoot up by 42 pc in October
- Private port operators for steps to avert misuse of Sagar Mala project funds
- SAIL to use Haldia berth for another 3 months
- Haldia Dock Complex handles record 2.94 m tonnes of cargo in Oct.
- Logistics cos have high growth potential: Survey
- Pvt. sector entry into transport of ex-im boxes by rail stalled
- Meet on cargo hub project likely on Nov. 17-18
- CWC’s CFS at Kalamboli to open on November 17
- Forex kitty up by $ 577 million to $ 91,892 million
- Inflation rate comes down
- Centre offers to help make exports competitive
- Call to make infrastructure funding deals more transparent
- Submit samples for testing: Spices Board tells chilli exporters
- Review decision on cotton exports, industry tells Minister
- 3 financial consultants shortlisted: Airports facelift
- NCAER, Ficci surveys find India Inc in upbeat mood
- Panel against I-T sops to exporters on DEPB sales
- SEZ units exempted from EPF, ESIS contributions for 5 yrs
- US official lauds India’s economic reforms
- India’s export growth 3rd highest in world: WTO study
- Foreign Trade Analysis: Current Policy & Procedures
- 4 Indians on new BIMCO board
- 25-member India Inc team to accompany PM to Russia
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| NOVEMBER 10, 2003 |
- Iraq's northern pipeline remains shut on security concerns
- Bullish Baltic braves bare demand
- Gibraltar in brief: Good prompt, good avails
- Great Belt quiet and firm
- DNVPS responds to Lintec statements on bunker alerts
DNV Petroleum Services today responded to a press release from Lintec Testing Services (Nov. 5), which said that bunker alerts are in danger of becoming junk mail. Although Lintec did not explicitly name any companies, the criticism against automatically generated bunker alerts seemed particularly aimed at DNVPS, the global leader in fuel testing. DNVPS today responded to Lintec's statements, stressing that its bunker alerts are well-founded, accurate and useful to their customers.
- Quiet start to the week in firming Istanbul
- Crude continues firm after Saudi bombing
Crude prices continue strong this Monday on concern about supply security following a terrorist bombing in Saudi Arabia this weekend.
- Singapore starts week firm in line with crude gains
- Rotterdam firms with crude
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- On November 10 at one minute past midnight Lyon Airport turns red
- APL Logistics gives bit of "zip" to Marks & Spencer supply chain
- Agrexco: First of two mixed reefer-containerships enters service
- Kombiverkehr launches new N.Germany / N. Italy intermodal blocktrains
- Genoa rolls out scanner that X-rays boxes not drivers
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| NOVEMBER 10, 2003 |
- Tor Line and Volvo extends freight deal
- Good profit for Kvaerner Masa-Yards
- Belships in charter deal
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| NOVEMBER 10, 2003 |
- Funds for Columbia Channel included in 2004 appropriations bill
- International Maritime Organization adds Kiribati to list of members
- Port Angeles Coast Guard station hosting Veteran's Day ceremony
- Three Portland port board members confirmed by Oregon State Senate
- United Airlines ending codeshare with Mexicana
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| NOVEMBER 11, 2003 |
- Able UK wins temporary reprieve in ghost ship row
THE first of the US naval reserve vessels at the centre of an environmental row is due to reach Hartlepool tomorrow or Thursday, after being towed across the Atlantic to reach a British scrapping facility, writes David Osler.
- Goshawk purge ousts chief executive Fagan
EXPELLED Lloyd’s insurer Goshawk yesterday ousted chief executive Chris Fagan as it made a swift move to consolidate its remaining operations around its successful Bermudan reinsurance business.
- Container upstart joins the transpacific fray
A NEW niche transpacific container line run under the revived United States Lines brand name is expected to start operations by the end of the year.
- Maersk pledges to cover pension
THE Sea-Land Services UK pension fund dispute appeared to have been resolved yesterday, with Maersk stating it would cover the shortfall, writes Rob McKay.
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| NOVEMBER 10, 2003 |
- France rejects Clémenceau's return
WITH no solution yet reached on the disposal of its aircraft carrier Clémenceau, France has made clear the ship will not be returned to France
- Title XI reformed in Marad package
THE US Congress will finalise, and President Bush will sign, a huge $400Bn military spending bill this week that includes $543.4M for the Maritime Administration
- Tasman Spirit to end up at Gadani
GADANI will be the last resting place for Polembros’ broken tanker Tasman Spirit, after a court in Sindh ordered the wreck's removal on the weekend
- VT sees future in Appledore
VT Group, the UK military service provider formerly known as Vosper Thornycroft, has made a late bid for Appledore Shipbuilders
- ISS takes control of US Gulf agency
INCHCAPE Shipping Services, the marine management company, has become the sole owner of ISS RioMar, thereby strengthening its operations in the US Gulf
- Busy HHI sees profits tumble
HYUNDAI Heavy Industries, sitting on the largest orderbook in its 30-year history, has revealed a near-halving of third-quarter net profit
- Malta Shipyards opens for business
- Bulker suffers two fatalities
- Masa profits buoy Aker Kværner
- Aqaba blocks another shipment
- Israel takes port reform initiative
- EU dragged into Tasman S fiasco
- Gas carrier crew detain vessel
- Buoyant NOL to raise $300M
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| NOVEMBER 10, 2003 |
- East Coast volume to grow: NYK exec
Ocean shipping's low cost, U.S. economic changes will drive growth.
- British Airways cargo, profit slides
Earnings fell 36 percent in the second quarter as cost cutting failed to keep pace with lower cargo and passenger traffic.
- WTO ruling could hurt U.S. exports
The World Trade Organization declared U.S. tariffs on steel imports violate global trade rules, paving the way for swift European retaliation that threatens to reduce trans-Atlantic container shipments.
- Congress close to MSP approval
- CSX to cut up to 1,000 jobs
- FMC slates meeting on agreements
- Iraqi-American business group joins ICC
- Raymond, MTMC get AOTOS awards
- Carrier not liable for lost box
- Stonepath buys stake in Chinese forwarder
- Exel acquires Italian logistics provider
- Inchcape buys remainder of Riomar
- FRA proposes rail-car reflector rule
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| NOVEMBER 10, 2003 |
- Debt reduction and rate recovery boosts NOL’s turnaround
APL’s parent, Neptune Orient Lines (NOL), has confirmed its continued turnaround, simultaneously reporting a US$294.6million third-quarter net profit and a US$300million share placement.
- House passes 2003 Maritime Act; Senate action uncertain
The Maritime Transportation Act 2003 is going down to the wire, with the Senate considered unlikely to move on the bill before the upcoming recess, despite House approval.
- Grand Alliance herald beginning of slack season
- Brampton extends free time but ups storage fees
- Going 'feral': Fremantle Truckers booking system trials will prove stevedores ‘liars’
- Safmarine switches ships to Belgian flag
- MOL shifts Californian operations centre to Panama
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| NOVEMBER 10, 2003 |
- HAL goes extra fluffy
Carnival's Seattle subsidiary splashes $225m out on those Frasier favourites
- Study questions Boston's LNG safety
Mayor Thomas Menino reintroduces call to ban vessels from US harbour.
- RCL adds box quartet
Thai owner goes back to Mitsubishi for two ships and buys two Rickmers resales.
- CNN linked to Emeraude buy-out
Paris-based owner reportedly makes offer for French Channel Islands ferry operation.
- Bourbon backs up new contract with ship order
French owner needs two more tug vessels to fulfil coastal protection deal.
- Belships takes tanker newbuild
Norwegian owner signs 7-year agreement for Japanese product carrier.
- China pays top dollar for scrap tanker
Demolition prices head on up as tonnage shortage worsens.
- NOL turnround speeds up
Singapore company in nine-month $300m profit and plan to raise $300m in new shares.
- BMI to be relaunched
Baltimore yard bought at auction by investment company that plans to create 1,500 jobs.
- Grand Alliance suspends extra loader service
Bi-weekly transpacific route axed after end of peak season.
- NYK in 10-year China ore deal
Soaring steel demand prompts longer charters for Japanese giant.
- HHI profit slumps
Korean shipbuilder hit by strong won and offshore project order fall-off.
- Aussies hold 24 in October
Pairs of Spliethoff and Fesco vessels detained as Australia clamps down on substandard ships.
- Philadelphia blues hit Aker Kvaerner
Cost overruns on Matson boxship drag down Norwegian group’s shipyard profits.
- Kawasaki remains in the red
Japanese shipbuilder cuts losses on twelve months ago, but is hopeful of turning it around by year's end.
- VT eyes Appledore
UK shipbuilder Vosper Thornycroft has expressed an interest in acquiring troubled Devon yard.
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| NOVEMBER 10, 2003 |
- NOL improves 3Q profits, raises $300 million in shares
- Grand Alliance withdraws Pacific peak season service
- Renewed, expanded MSP legislation ready for passage
- Evergreen's Chang condemns Taiwan's shipping policy
- MarAd approves U.S.-flag vessel transfer
- U.S.-flag reserve fleet freighter heads to Texas for scrapping
- CN orders another 100 new boxcars
- FIATA relocates head office
- Menlo Worldwide Forwarding opens Santos office
- Express, logistics fail to stop profit fall at Deutsche Post
- Senate ag spending bill backs origin labeling for meat imports
- USAID issues 2005 P.L. 480, Title II food aid policies, guidelines
- Web site to encourage global cooperation in trade facilitation
- Vastera names Davenport CEO
- Vancouver operator TSI orders three large quay cranes
- Port of Jacksonville reopens after capsized barge blocks channel
- Port Everglades drops customs inspection fee
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