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| SEPTEMBER 12, 2003 |
Shipping News
- Hong Kong container ports' throughput up 10.9% in H1
BOOSTED by soaring transhipment volumes, Hong Kong's container port throughput was up 10.9 per cent in the first half of 2003, outstripping Singapore's H1 box growth rate of 5.8 per cent.
- Taiwan to join US container security plan
TAIWAN expects to join the controversial US Customs Container Security Initiative by year's end as ground-breaking bilateral negotiations progress, Taipei media has reported.
- Bulk carriers face intense scrutiny
BULK carriers face a 'concentrated inspection campaign' in Singapore and other Asia Pacific ports participating in the Tokyo MOU on Port State Control until the end of November.
- P&O's H1 loss narrows to 9m
PENINSULAR & Oriental Steam Navigation Co, the largest UK sea-freight company, said its first-half loss narrowed after it charged more for transporting cargo at a shipping joint venture and expanded its port business.
- Part of WTC ruins to be used to build US Navy ship
AROUND 24 tons of steel plucked from the ruins of the World Trade Center after a terrorist attack two years ago will be used to build a US Navy ship called the USS New York, officials said earlier this week.
- Costly wrangling
A Pakistani boat sails near the half-submergedGreek-registered oil tanker the MV Tasman Spirit off the coast of Karachi.
- Getting ready
CUNARD Line's Queen Mary 2 going through the final stages of completion at the Alstom Chantiers Shipyard.
Air and Land Transport
- AirAsia to sell tickets through SingPost outlets
AIRASIA Sdn, a Malaysian no-frills airline, will sell tickets through Singapore Post Ltd's post offices as part of its plan to lure Singaporean travellers with low air fares by the end of the year.
- Beijing unveils plans for third int'l terminal
- HK Airport raises US$350m from bond sale
- Italy to resume medical checks at airports
- Vietnam Airlines to restart flights to Guangzhou
- 6 hurt in Manila airport mishap
Admiralty Casebook
- Ship owner of grounded Tasman Pioneer allowed to limit liability
THE sub-time charterer of Tasman Pioneer, which grounded in the Inland Sea of Japan in 2001 leading to claims of over NZ$21 million , has been allowed by the New Zealand High Court in Auckland to limit its liability to NZ$7 million.
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| SEPTEMBER 12, 2003 |
- Fruit-flavoured cuppa to cheer the baccha!
- The ‘royal’ US morning drink finds a competitor in chai - Tea exports to US expected to grow
- Centre urged to rationalise import duty on crude palm oil
- Govt rationalising import duty regime for oil trade: Minister
- CII, Israeli body form CEOs’ forum to cover trade issues
- Dumping duty on import of float glass from China, Indonesia proposed
- Exports through Cochin Port rise by 3,500 tonnes in July
- Bonus: Port Federations’ representatives to meet Sinha on September 15
- CWC’s facilities in Navi Mumbai region obtain upgraded ISO 9001:2000 certification
- Indore becomes first of 13 approved SEZs to take off
- Allow rupee invoicing, lower export credit rates, TEA urges govt
- Washington WTC inks agreement with IACC on BPO
- Better excise collections swells indirect tax haul
- Central scheme allows banks to advance loans at 8-9 pc for sick textile units
- Rubber Board reconstituted
- Interactive meeting on Indian economy at IMC today
- Pak businessmen feel India must get MFN status
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| SEPTEMBER 11, 2003 |
- Slack demand in Steady Houston
- New supplier active in New York
A spokesman for ConocoPhillips confirmed to Bunkerworld today that the company has begun selling and supplying marine fuels in the port of New York this week.
- Saudi Arabia signals no change in oil output
- ARA markets largely flat this week
- August OPEC production up as Iraq tops 1 million bpd
OPEC output on the whole is up due to a rise in Iraqi production, but the 10 members producing under quota agreements actually reduced output last month, a Platts survey said. Based on a rise in output from Iraq and a lower projection for demand for OPEC's oil, it seems unlikely that OPEC will raise quotas at its September meeting.
- Latvia: New Riga bunkering terminal begins operations
Vexoil Bunkering Ltd. informed us today that the company is now operational at its new-built terminal in the port of Riga, Latvia.
- Typhoon Maemi fails to deter Japanese enquires
Competitve numbers are serving to increase demand levels in Japan today, despite adverse weather conditions in the southern islands of the country.
- Singapore on rising curve as cargoes fail to appear
The big volume of arbitrage fuel oil cargoes that were expected into Singapore this month have as yet not materialised, leading to an erosion on the oversupply situation Singapore had during August.
- Rotterdam market slightly firmer
- Italian indication increase ignites buyers' interest
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| SEPTEMBER 11, 2003 |
- Maurice Storey appointed chairman of Hatsu Marine Limited
- Nordö- Link introduces fourth vessel on Germany/Sweden route
- Austrian Airlines Group bumping up frequencies
- Wincanton Trans European finalises contract with Dow Europe
- Canadian National Railway Company (CN) increases tariffs
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| SEPTEMBER 11, 2003 |
- Two more ice-classed tankers for Tsakos
- Teekay buys again
- Oil compensation fund approved by EU
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| SEPTEMBER 11, 2003 |
- Washington governor schedules October trade mission to China
- Port of Portland delivers on majority of environmental targets
- Big Sky Airlines extends special Olympia/Spokane fares
- Corps of Engineers' ESSAYONS celebrates 20 years of dredging
- President Bush's Drug Czar will discuss security in Seattle today
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| SEPTEMBER 12, 2003 |
- US security scare over TV network’s uranium cargo
THE US Department of Homeland Security is facing mounting criticism over lax maritime security standards after the television network ABC successfully sent 15 lbs of depleted uranium in a container through the port of Los Angeles.
- Teekay buys into Skaugen PetroTrans
TEEKAY Shipping, one of the world’s largest tanker groups, is continuing to broaden its range of services by buying a 50% interest in Skaugen PetroTrans, the US lightering business of the Norwegian company IM Skaugen.
- Takeover talk about TUI puts the spotlight on Hapag-Lloyd
SPECULATION on the future of Hapag-Lloyd has resurfaced in Germany with talk that the country’s largest liner shipping company could be spun off.
- Nine ships to be ordered in KOTC modernisation drive
KUWAIT Oil Tanker Company, a subsidiary of the Kuwait Petroleum group, will shortly float a global tender for the construction of nine ships consisting of two very large crude carriers, three product tankers, two liquefied petroleum gas carriers and two bunker barges.
- P&O’s £90m ferry kitty
P&O is raising this year’s investment in ferries to around £90m ($144m) by purchasing two vessels which are now chartered to the group under lease arrangements.
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| SEPTEMBER 11, 2003 |
- Mists still shroud ghost ship plans
- Stop witch-hunting, urges MEP
- Maritrans loses compensation appeal
- Carnival accused of 'obfuscation'
- New feeder line for St Petersburg
- US port security exposed at LA
- Tung family sells OOIL shares
- Tsavliris seeks crane guarantee
- Israel faces winter of discontent
- Asian terminals lift P&O into black
- Congestion charges to start at Aqaba
- Teekay moves in on Petro Trans
- Scrap yard compensation 'too small'
- Japan lobbies China on cabotage
- China Merchant to focus on oil
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| SEPTEMBER 11, 2003 |
- TSA settle NVO discrimination case
Trans-Pacific ocean carriers will pay the Federal Maritime Commission $1.35 million to settle a year-long investigation into alleged discrimination against non-vessel-operating common carriers.
- DHL ordered to hand over documents
A U.S. judge has ordered DHL Worldwide Express, the U.S. arm of DHL Express, to produce documents requested by FedEx Corp. and United Parcel Service in the investigation into the ownership of the former DHL Airways.
- Customs could charge ABC in uranium stunt
- CSX chief Ward adds rail duties
- Tung family sells 5.6% of OOIL
- Lufthansa hikes rates for temperature-sensitive goods
- New Jersey city solicits container port operators
- Bangladesh, India to tighten port security
- CMA CGM adds second Med-U.S. service
- Gatti new EVP of NIT League
- Appeals court denies Maritrans claim
- Teekay in lightering deal
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| SEPTEMBER 11, 2003 |
- Is it a bird, is it a plane?
No, it's a Coast Guard security officer.
- Evergreen goes after Maersk
Company earmarks nearly $3bn for newbuilds, as it resolves to take on Danish rival.
- New container terminal for New Jersey
Local authority seeks developer/operator for ex-army facility.
- Greens sue over Ghost ship deal
Activists claim UK officials deceived over need for foreign scrap.
- PDV Marina ships on comeback trail
New boss Fernando Camejo Arenas says three years of fleet neglect is now being addressed.
- Bluewater in the black
Start up marine insurer reports first half profit but dispute with Zurich will drag on into 2004.
- BP chartered tanker held in Australia
Two oil major operated ships fall foul of inspectors during August.
- Teekay and Skaugen forge new alliance
Aframax giant to buy 50% of Norwegian owner’s US Gulf lightering operation.
- Volumes grow at Caspian Shipping
Azeri owner carried a fifth more crude and products on Caspian in first eight months of 2003.
- Precious wipes out losses
Thai bulker owner paves way for dividend by using reserves and share premium to erase deficit.
- Sempra LNG terminal gets FERC green light
US energy player forges ahead with Gulf coast plant plans.
- P&O pushes off from Nedlloyd
Asian trade and cargo growth helps company improve returns.
- ITF seeks deal with Ofer
Seafarer unions seek labour agreement for British flagged ships.
- Syria and Morocco plot shipping venture
Joint cargo operation mooted to break stranglehold of European nations on Med transport.
- Maritrans loses single-hull court case
US owner’s 5th Amendment claim that OPA 90 unfairly took away its single-skin barges kicked out.
- TEN snaps up suezmax options
Tsakos Energy Navigation ups tally to four at Hyundai Heavy Industries.
- ASRY eyes expansion
Bahrain-based yard looks to increase flexibility with addition of further shiprepair capacity.
- MOL expands Korea-Vietnam links
Japanese shipowner to introduce service between Pusan and Haiphong from early October.
- OOCL moves to restore free float
Shareholders in liner firm to place existing shares to ensure firm meets Hong Kong listing rules.
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| SEPTEMBER 11, 2003 |
- Tung family sells 5.6-percent shareholding in OOIL
- P&O group narrows loss to £9 million in first half
- MOL adds second Korea-Vietnam link with slots from Heung-A
- Zim adds Xiamen to ZCS service
- ABX Air adds maintenance business
- Los Angeles rail authority issues terrorism report
- U.S. deficit in goods topped $45 billion in July
- Geodis breaks even in first half-year
- Federal judge says duty owed to terror victims
- Eagle Global Logistics picks GT Nexus software
- State Department provides list of eligible diamond traders
- Shenzhen port to handle 10 million TEUs this year
- New Orleans port commissioners approve Universal terminal lease
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