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| MARCH 12, 2003 |
Shipping News
- Mongolia sets up shipping register
IN a move that defies not merely the nay-sayers but perhaps the imagination as well, land-locked Mongolia has become the latest international maritime player with the start-up of its own shipping register.
- Dockers at PSA's HNN stop work in Europe-wide action
WATERFRONT work at PSA Corporation's Belgium subsidiary Hesse Noord Natie reportedly ground to a standstill for more than two days during strikes called by European transport workers unions.
- S'pore handles more boxes, ships, bunker operations
SINGAPORE handled more containers, vessels and bunker operations in January year on year, but recorded a slight fall in cargo tonnage and its ship registry, the latest statistics released yesterday by the Maritime and Port Authority reveal.
- RCL starts new service
REGIONAL Container Lines has launched a new service and restructured an existing service to meet growing regional demand.
Air and Land Transport
- Exel expects Asia-Pacific to continue strong growth
THE world's largest third party logistics company, Exel, expects its double digit revenue growth to continue in the Asia-Pacific this year, according to regional chief executive C K Lee.
- HK airlines resume feud over routes to China
- Insurance firm to buy US Air's debt for US$1.5b
- MAS to offer 30-50% fare discounts
- Germany to boost Frankfurt Airport security in event of war
- Delta forecasts negative cash flow, lower capacity
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| MARCH 12, 2003 |
- Mainline operators unveil fast intra-Asia service
- Toll interim net earnings rise by record 44pc in 2002
- MOL acquires ISO14001 certification
- RCL puts new service in water, restructures another
- SLPA to redevelop Colombo's North Terminal
- Exel contracted to revamp Sun distribution system
- Tacoma names new director of contracts, risk management
- Martinair flies back to profitability in 2002
- AeroMexico puts in large order for Boeing 737-700 aircraft
- DHL master council elects pilots to top union posts
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| MARCH 12, 2003 |
- World Cargo Alliance’s Bangkok meet turns out to be a huge success
- SCI announces 30 pc interim dividend
- Marine insurers set to impose war-risk surcharge in Gulf-Indian Ocean area - Feeder lines suspend operations to/from Iraq’s Umm Qasr port
- Crude tankers envisage "business as usual"
- DGFT proposes negotiated price for import of Chinese silk
- War threat no cheer for Iraq tea exporters
- Exim Bank, TIDCORP in LoC to support exim trade
- VPT allots addl land for container terminal
- Vizag Port handles all-time high output of 9.4 lakh t. alumina up to March 10, 2002-03
- Airlines charging 30 pc more for US-bound cargo
- Railways exceed freight target in January
- Reshamsingh Group achieves milestone in super ODC cargo transportation
- US Ambassador allays India’s fear on war fallout
- SEZ status sought for proposed Kolkata leather goods park
- Rudy reiterates India’s commitment to BIMST-EC trade area
- CBEC chief rules out rollback of Cenvat chain extension to textile segments
- Exim Bank enters syndication market with $ 100-m ECB
- IMC’s new Managing Committee elected
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| MARCH 11, 2003 |
- Daily bunker market report from Praxis Energy Agents
- Ice problems in Riga & Tallinn, markets firm
- Great Belt: Great gasoil gains
- High and volatile oil prices for 2003
- Fuel goes East in VL
- IPE extends trading hours to commence at 02.00 AM
- Spain: Bominflot staff announcemnt
- Uruguay: Fueloil supply restarted from 13th March
- Rising prices & temperatures - ice melting in St Petersburg?
- Fujiarah sees slight firming in the face of bearish cargo
- Fos: Strike to end tomorrow
- Ecuador: Navipac S.A. staff announcement
- Rotterdam softens with crude
- High Indications still deterring buyers in Hong Kong
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| MARCH 11, 2003 |
- Lufthansa Cargo announces another fuel surcharge
- U.S. Agency probing DHL Airways nationality
- New intermodal services from Bargetrain
- More goods on Russian vessels
- Hilti extends its agreement with Danzas
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| MARCH 11, 2003 |
- "Romantika" sister keel laid
- Matson will not take delivery
- IUM Shipmanagement to move
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| MARCH 11, 2003 |
- MAN B&W backs FWE for NOX reduction
The nitrogen oxide (NOX) emission reduction technology based on fuel water emulsion injection (FWE), developed by MAN B&W Diesel, has proved a success in series operation.
- Keppel Offshore & Marine units win S$95 million in contracts
Business units of Keppel Offshore & Marine Ltd, a wholly owned subsidiary of Keppel Corporation Limited, have secured S$95 million (US $54.7million) worth of contracts.
- Ron J. McAlear starts new job
President of Atlantic Marine, Mobile
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| MARCH 12, 2003 |
- Cape crusaders unite to set up Asian mega-pool
SOME of the biggest names in the Asian capesize business are clubbing together to form a Hong Kong-headquartered pool to be called Cape Asia Inc.
- Hamburg Süd set to buy Kien Hung liner operations
GERMANY’S Hamburg Süd has concluded an agreement in principle to take over the liner activities of Taiwanese operator Kien Hung.
- SSY makes second foray into virtual trade with GlobalCoal
SIMPSON Spence and Young is launching an online Forward Freight Agreement platform with internet coal trading venture GlobalCoal, writes Neville Smith.
- EU’s port directive gets Strasbourg vote
Brussel’s controversial Port Services Directive has survived a second reading in a final vote at the European Parliament, but only with a number of key amendments, writes Roger Hailey.
- Martin to sell Canada Steamship
PAUL Martin, the front-runner to replace Jean Chretien as Canadian prime minister, bowed to pressure yesterday and said he would sell his cherished shipping company to avoid a possible conflict of interest, Reuters reports.
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| MARCH 11, 2003 |
- Carnival looks to Far East
- Tropical parent's shares plummet
- CSL's Martin rethinks ownership
- Cruise cancellation policy eased
- NCL disciplines crew for dumping
- Costa responds to journalist death
- Pakistan to improve cargo clearance
- Study shows extent of leave denial
- Matson plays hardball with unions
- Dockers happy with directive vote
- Ports directive vote later today
- UAE P&I monopoly broken
- Dockers step up directive action
- Gisborne port sold, renamed
- Korean Register chairman resigns
- Not-so-Evergreen fined for dumping
- Mississippi terminals seek tug deal
- APL targets Chinese ports
- Pertamina to float $130M bonds
- Koreans warn of war risk burden
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| MARCH 11, 2003 |
- Korea shipbuilders expect record year
Awash in orders, shipyards are forecasting a record year that would cement the country's position as the world's leading builder.
- Pass-ons no sure thing for forwarders
Freight forwarders and couriers said they are having mixed results in passing on fuel surcharges to their customers.
- APL boosts Mexico-Asia service
- Northwest, KLM hike air-cargo surcharges
- Cargolux to raise fuel surcharge
- Hamburg Sud acquires trans-Pacific line
- US Airways to emerge from Ch. 11
- CF to sell Canadian Freightways
- Second Indian port lowers charges for carriers
- Forwarder projects rapid growth
- European port protests turn violent
- Shippers' project boosts extended gate hours
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| MARCH 11, 2003 |
- European Parliament vote soothes angry dockers
A period of strike-free port operations seems possible after the European Transport Workers’ Federation (ETF) hailed today’s European Parliament vote on the EU Ports Package as ‘a step in the right direction’.
- Forwarders levy 24hr documentation fee
Major forwarders have said that they will now charge a ‘documentation fee’ for services connected with new security regulations for US bound cargo, but charges will vary.
- Hamburg Sud to acquire Kien Hung this month
- Shippers invited to lead West Coast terminal revolution
- Sinokor and Hanjin to launch Vietnam link
- Rhine-Main trimodal facility to expand capacity
- Lines axe Lagos surcharge, but threat remains
- CSAV establish UK agency joint venture
- MEPs support dockers' unions faced with 'police repression'
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| MARCH 11, 2003 |
- HAL defers Oosterdam start
Holland America Line cancels first two Europe sailings but denies bookings are the problem.
- Washington sitting on funds?
Sponsors of US maritime security act berate government for not releasing funds.
- Martin agrees to turn over CSL
Front-runner for PM gives up private shipping company after political storm.
- Hamburg Sud takes over Kien Hung
German line steps in where CP Ships feared to tread with purchase of cash-strapped Taiwanese operator.
- Worldscale antics keep punters guessing
Bulk of Intertanko party guests find the market moved for them.
- EWATA scraps Lagos congestion surcharge
Improving conditions at Nigerian terminals is good news for customers of African container group.
- RCCL changes Med policy
Cruise line relaxes no-show terms to entice more to the Med.
- HMM car unit sale dispels red ink
But fourth quarter operating loss widens, as sales crash back.
- Bank to pay out on Prestige
Funds prepared to help Spanish states with tanker spill aftermath.
- Vosco ship held by Japanese
Vietnamese owner’s Vinh An among 48 vessels detained after port state checks in February.
- ITF crew pay freeze to continue
Employers set to ask for more time to build a global pay forum but Norwegians stay out.
- Solid result for Trasmediterranea
Revenues and pre-tax profits increase at privatised Spanish ferry owner, but net figure falls.
- Navibulgar secures vital loan
Bulgarian state shipowner to finally sign for loan needed to finish vessels at Varna shipyard.
- VLCC hulk put up for auction
Hungry demolition buyers offer big bucks but fail to pull in the tonnage.
- Korean orders hit record highs
Yards say they will knock Japan off top slot with current newbuilding splurge.
- FEFC: price hikes must take place
Containership group pleads for understanding from Asian shippers as they face April rate restoration.
- Shipmanagers set for larger role
Increasing legislation and politics making small-scale operations uneconomical claims Cremers.
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| MARCH 11, 2003 |
- Hamburg Süd to acquire taiwanese line Kien Hung
- Tropical Shipping, Kestrel Liner Agencies form alliance
- Marad offers reefing assistance to coastal states
- Mcnamera warns of misdeclared bulk cargoes
- Bush requests $18.47 million for FMC 2004 budget
- Canada transpacific lines adjust fuel surcharge
- Crowley adds 3rd weekly sailing to U.S. Gulf/Central America link
- APL, CP Ships more than double capacity on Asia/Mexico service
- UPS launches exchange collect to speed money flow
- Northwest, KLM raise fuel surcharges
- Schneider to use new rack for moving glass products
- Famous Pacific Shipping appoints German agent
- U.S. Senate forms homeland security subcommittee
- SC Johnson picks EXEL to manage aerosol facility in Chile
- USTR begins review of GSP
- Port of Savannah improvements aim to accommodate growing volumes
- European Parliament adopts port liberalization directive
- Dockworkers continue strikes in European ports
- Hong Kong's re-export boom continues
- Europe/Nigeria carriers stop Lagos surcharge
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