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| MAY 12, 2003 |
Shipping News
- Registers used to offer cover to terrorists: OECD report
TERRORISTS and other international criminals can operate in complete secrecy under any flag registry in the world - even the most respectable - according to a new report from the Organisation for Economic Co-operation and Development.
- Good demand, so Virgo stays Down Under till mid-July
MALAYSIA's Star Cruises has extended the Australian cruise programme of the formerly Singapore-based Superstar Virgo until at least mid-July, citing better-than-anticipated demand.
- Striking Korean truckers ignore warnings
TRUCKERS here continued with a work stoppage, despite stern warnings by the government, and leaving freight transport at two of South Korea's major ports crippled.
- P&O sees positive outlook for containers
PENINSULAR & Oriental Steam Navigation Co, the UK's No 1 shipper, is 'confident' its container joint venture will break even this year, helping the shipping company to return to profit in 2003.
Air and Land Transport
- THAI sees big drop in Q2 profit
THAI Airways International Plc will report a sharp yearly drop in second-quarter net profit this week due to increased fuel prices in the run-up to the Iraq war and fewer foreign exchange gains, analysts said.
- US airport security still has leaks
- Northwest Air may cut more jobs due to Sars
- Virgin may get HK-Sydney flights
- No-frills carrier for Mid-East market soon
- SARS log
Port Shots
- PORT Shots
A Malaysia-registered cargo ship, Diana, was detained in the southern Chinese port city of Shenzhen on Friday due to fire hazards.
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| MAY 12, 2003 |
- Panalpina 2002 net income rises
- Trinity posts first quarter loss
- Oakland chooses ADT to install US$4.75m port security system
- Lloyd Triestino upgrades web site, adds new features
- Cathay Pacific asks staff to take unpaid leave in summer
- Siemens, Lufthansa help China Sars fight with medical delivery
- Korean Air, Delta Air Lines expand codeshare arrangement
- Aniel Weder to head product and services at Swiss
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| MAY 12, 2003 |
- Strength, trust & reliability take Globelink WW Shipping into 3rd anniversary
- Lykes Lines enters Indian trade
- GE Shipping places order for Suezmax tanker
- Samudra to set up shipyard
- Europe preferring Indian textiles to supplies from Far East - Exporters set to reap windfall from SARS!
- Sugar exports up by 94 pc in Oct-March 2002-03
- Port Pipavav connected by broad gauge railway line - Effective link to North-West, Central India
- TPT gets coveted ISO 9001:2000 certification
- KoPT sets 41 m tonnes traffic target for 2003-04 - Handling charges to be reduced
- 2 more ICDs notified
- CONCOR services between ports of Pipavav, Mundra & ICD-TKD soon
- Mark Fernandes appointed Chairman of IMC’s Transport Committee for 2003-04 - First meeting on May 20
- Food import norms notified
- EPCs hopeful of 15-20 pc export growth during 2003-04
- More items in SION list
- New Bill to enable AAI to lease out airports
- Samsonite to set up new plant in South
- CEOs from top auto parts firms to visit US
- Clear agendas to promote growth stressed - BCC&I holds 167th AGM-Vision Session: An Agenda for India
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| MAY 9, 2003 |
- Daily bunker market report from Praxis Energy Agents
- African Market snapshots
- Oil prices continue to show strength after 2 day rally
- Rotterdam firms with stronger crude and barges
- Brazilian market update from Petrobras
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| MAY 9, 2003 |
- Boeing and JAL break out the saké
- New business director for Swiss Logistics Association
- CuxPort demonstrates its flexibility
- Tenders invited for East London-Umtata Line
- Angel Trains leases locos to CFL
- S&P for Logistics & moh
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| MAY 9, 2003 |
- Poor watchkeeping and inadequate training behind ro-ro loss
- Draconian EU port proposals
- EU phase-out proposal a step further
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| MAY 9, 2003 |
- Lockheed Martin expands LCS team
United States Marine Repair joins the Sea Blade team
- Title XI hearings
McCain will preside at hearings on program reform
- Wartsila power for CRP ferries
Two Japanese ferries with an innovative contrarotating Azipod system will also feature Wartsila diesels in a CODED arrangement
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| MAY 9, 2003 |
- Anthony's Restaurant will open in Sea-Tac Airport Pacific Marketplace
- Coast Guard taps ICGS for $130 million aircraft deal
- Boeing gives food drying patents to Washington State University
- John Jamian takes post with Maritime Administration
- Washington Ferries gives free ride to past/present members of military
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| MAY 12, 2003 |
- British Trader makes debut in West Indies
BRITISH Petroleum's recently-built liquefied natural gas carrier British Trader (pictured) has loaded the first consignment from Atlantic LNG's Train 3 facility in Trinidad and Tobago, writes David Osler.
- CMB plans to demerge Exmar by mid-June
BELGIAN shipping group CMB has announced that it hopes to demerge its industrial gas shipping and offshore activities arm Exmar
- Belgian shipowners ready to fly the flag
CMB will be one of the first companies to take advantage of the return of the Belgian flag.
- Pollution compensation set to increase
A NEW tier of funding for oil pollution incidents from tankers, which could raise the maximum compensation payable for a single incident by 50%, is due to be adopted this week under the International Maritime Organisation's Civil Liability and Fund Conventions.
- Outrage at Prestige compensation offer
THE International Oil Pollution Compensation Fund's proposal of a 15% initial pay-out to Prestige victims has provoked a clamour of outrage from French political leaders and pollution victims.
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| MAY 9, 2003 |
- Spill supplementary fund threatened
- Italians highlight shipyard crisis
- Crew managers avoid SARS
- Indignation over spill compensation
- Title XI hearing begins May 15
- Agent to operate Syria link
- Box surcharge baffles port head
- EU ports cautious over security
- Builders plan for high-tech future
- ICTSI has plan for haz cargoes
- Canada revisits pilotage changes
- Aker yards slash German workforce
- Stock shock for Manitowoc
- Bunbury terminal plans win funding
- Korean strike now threatens ports
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| MAY 9, 2003 |
- U.K. airports cargo steady in April
BAA, the world's largest airport operator, said cargo was stable despite the effects of the Iraq war and SARS virus.
- Taiwan urged to allow direct China cargo flights as SARS hits schedules
Pressure is mounting on Taiwan's government as rates rise and capacity shrinks.
- Panalpina pre-tax earnings off
- Cathay Pacific asks staff to take unpaid leaves
- Crowley opens Russia office
- Bangladesh joins CSI
- Despite deal, Pusan still threatened by truckers strike
- New Orleans fires up new cranes
- FMC to host maritime regs seminar
- Dozens presumed dead after Congo cargo jet door opens
- J.B. Hunt founder to sell stock
- NLRB won't save non-union planning jobs
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| MAY 9, 2003 |
- Trucker’s dispute brings Busan to a grinding halt
Congestion caused by a trucker’s dispute at Busan has virtually brought cargo to a standstill over the past two days and is likely to continue over the weekend.
- Germanischer Lloyd to reveal 12,000TEU ship this year
- Union decries Santos sackings as new workers slow inbound cargo
- US centre issues SARS guidelines to Maritime industry
- Swiss and Italians take first step to better alpine intermodal links
- SSA closes in on Mexican port deal
- FDA publishes anti-bioterrorism proposals
- EC to approve Maasvlakte II environmental impact study
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| MAY 12, 2003 |
- CMB plans late June listing for Exmar
Shareholders have still to approve group move to shed gas arm.
- Swedish Orient to quit exchange
Majority shareholders to take line private in early June.
- China poised to tender for Fujian LNG ships
Documents to go out to yards at the end of the month.
- Great Eastern orders again
Indian owner confirms contract with South Korean yard for suezmax tanker.
- Sumitomo ups profit
Land sale and cheaper labour boost pre-merger figures Japanese shipyard group.
- TEN expects higher numbers
Tanker upturn produces record profit with charter rates likely to move still higher.
- More red ink for Fred Olsen
Pretax loss of quoted companies tops $42m but deficit cut by 60%.
- Golar talks up Tijuana import project
Marathon consortium is first with Baja LNG terminal approval.
- Bergesen shareholders watch and wait
Helmut Sohmen inches up stake holding as small stockholders sell up.
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| MAY 9, 2003 |
- IMO plans to adopt third tier for pollution compensation
- Sea Star partners on Virgin Islands service
- Crowley Maritime forms Russian company
- Deutsche seereederei buys four multipurpose ships for Stinnes Linien
- Lloyd Triestino adds internet bill of lading facility
- MOL moves towards double-hull tankers
- House Subcommittee approves guns for cargo pilots
- Yellow Corp. names gaines VP-controller
- Con-Way adds e-business enhancements
- Ryder System picks ACS for communications solution
- CP Railway completes software install at automotive terminals
- Pacer International doubles first-quarter net income
- Meridian Iq names mulloy, forbes VPs
- Gipsa raises rice inspection fee 4.1%
- FDA proposes record-keeping rules to trace transported food imports
- Panalpina’s 2002 results hold steady
- GAO: ustr’s preparation for FTAA negotiations questioned
- Bremen ports company to consult on Lithuania project
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
