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| DECEMBER 12, 2003 |
Shipping News
- S'pore law firm lays anchor in Greek shipping hub
A Singapore law firm has established a shipping practice in Greece and is at the same time flying the flag for Singapore in the Greek port city of Piraeus.
- Inmarsat's new Crew Phone a big help to seafarers
SEAFARERS' access to international voice communication aboard ships has been given a boost by global satellite communications company Inmarsat, through its Crew Phone technology.
- Japan urges Asean to crack down on pirates
JAPAN and Southeast Asian nations need to increase their efforts to thwart piracy and keep weapons of mass destruction from reaching terrorists, Japan's trade minister said yesterday.
- US don next MPA Distinguished Visitor
A leading US maritime law expert will give a public lecture on post Sept 11 security initiatives here on Monday as part of the Maritime and Port Authority of Singapore's Distinguished Visitor programme.
- Shenzhen port project won't be delayed: Modern Terminals
MODERN Terminals, Hong Kong's second-largest port operator, denied a report that construction of its new port in western Shenzhen is being delayed.
- Teekay to write down tanker values
TEEKAY Shipping, the world's largest tanker owner by market value, said it will write down the value of its fleet by about US$50-US$60 million in the current quarter because of a required phase-out of some single-hull tankers.
- Norway gas project turns up sunken ship
A sunken 18th-century ship laden with artefacts has been found off Norway's coast during a gas pipeline project, archaeologists said.
- Vessel capsizes in Philippines; crew saved
A cargo vessel loaded with cement had capsized in central Philippine waters, coast guard officials said.
Air and Land Transport
- MAS orders 6 Airbus A380 superjets for US$1.6b
MALAYSIA Airlines joined the world's top airlines and its regional rivals in the superjet league when it finally announced yesterday a US$1.6-billion deal to buy six A380 Airbus aircraft.
- Changi passenger volume shows first rise since Feb
- Lufthansa threatens to end link
- Cerberus submits new bid to Air Canada
- Iberia and BA salute EU green light for alliance
- India to allow daily flights by Asean airlines
Admiralty Casebook
- US Coast Guard not liable for loss of fishing vessel
THE US Coast Guard is not liable for the loss of a vessel after forcibly evacuating the master of a sinking ship, but this does not mean that it may not be liable for negligently preventing a commercial salvor from coming to the vessel's aid, a US appeals court ruled last month.
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| DECEMBER 12, 2003 |
- Qingdao's throughput surpasses NY/NJ 2002 numbers
- HKSTLA wins approval for SME project funding
- Exel, M&M extend partnership to Central Asia
- Menlo conducts import seminars in China
- Cathay cargo figures remain strong in November
- Singapore throughput up in November
- ICTSI, SG CIB win best port deal of the year award
- Malaysian Airlines parent finalises aircraft deal
- K Line Air Service to open Suzhou representative office
- New Airbus takes to the sky
- Lufthansa Cargo flies snow leopard to Salzburg
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| DECEMBER 12, 2003 |
- Zim places order for 850 40’ reefer high-cube containers
- GE Shipping contracts Suezmax crude carrier
- GRT celebrates 5th foundation day with fanfare
- Shipping Ministry studying feasibility of reopening Mumbai-Karachi sea link for trade
- Refined palm oil to attract more import duty
- JNPT bond issue oversubscribed on very first day
- Govt plans more dry ports: Minister
- Study on double stack containers movement in progress
- Mundra-Adipur rail link, box terminal to be dedicated to nation tomorrow
- India’s FDI policy liberal, says Jaitley
- L&T, Dredging Int’l bag dredging order at Shell’s Hazira terminal
- Biotech sector poised for 10 pc growth in global share: Expert
- Reserve Bank revises forex cover norms for exporters
- Centre releases Rs 24,176 crore as food subsidy
- DGFT chief suggests state-level export-import policies
- Essar Steel Ltd hosts int’l meet on shipping
- Joint Fieo-ECGC forum to settle exporters’ problems proposed
- Multiport sports the brand of guaranteed professionalism
- EU experts to speak at Amtoi meet today
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| DECEMBER 11, 2003 |
- End of the line for FAMM's bunker supply in Falmouth
After a few months of speculation about the future of bunker supply at the UK port of Falmouth, it seems that the involvement in the port from Fuel and Marine Marketing Ltd (FAMM) has come to an end. The company has now sold out remaining stocks held at the oil terminal of Falmouth Oil Services, and is unlikely to bring in any new cargoes.
- Singapore distillate stocks at record low, residuals fall too
"Middle distillates have never been lower since we started the records in 1995," a spokeswoman for International Enterprise (IE) said about the inventory data.
- Dates to look out for over the New Year in Japan
- Singapore steadies, outlook may be firmer
There was a large degree of price consensus among suppliers in Singapore today with prices seen largely steady to a bit softer compared to Wednesday. Overall avails seem adequate but there is no aggressive selling, and most suppliers are fully committed till early or the middle of next week, some even beyond that.
- Rotterdam bunker prices in wide range depending on date
- Weather gives some Italian ports' IFO avails a battering
Bad weather on the Italian west coast is affecting IFO avails in Genoa, while a sheduled customs strike could affect deliveries in Venice
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| DECEMBER 12, 2003 |
- ICTSI promotes accounting officers
- P&O sells remaining bulk shipping stake to Ofer Brothers
- FedEx Express to hike up rates
- BASF teams up with rail4chem and Hoyer for intermodal transport
- Matson finalises acquisition of TTS
- World Bank urges Egypt to speed up reforms
- Free toll calculator in the internet
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| DECEMBER 11, 2003 |
- Conversion contracts to Fosen Mek
- Large dividend proposed in Norden - increases order by two
- Ship sales boosts Gotland result
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| DECEMBER 11, 2003 |
- TSA announces $179 million in port security grants
But AAPA calls for $400 million in FY05
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| DECEMBER 11, 2003 |
- Port of Olympia selects John Wolf for executive director
- Port of Seattle takes in over $2 million in federal grants
- First Washington Potato shipment heads from Seattle to South Korea
- Property exchange with Metro considered by Port of Portland
- Port of Vancouver, USA selects Columbia Gateway option
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| DECEMBER 12, 2003 |
- Shipbuilders’ cover to soar after $370m yard losses
SHIPYARDS are being set rigorous new conditions by underwriters after a series of catastrophes has piled massive losses - possibly as high as $370m - on to the marine book.
- China tells shipyards to prepare for increase in tanker capacity
UNDERLINING the massive need for tankers in China, Zhang Goufa, deputy director of the water transport department at the ministry of transport, has earmarked a national tanker capacity of 50m tonnes by 2005.
- Scrap rates go into orbit as tonnage supply dries up
DEMOLITION records have tumbled as breakers around the world are forced to pay up to $300 per ldt to fill rapidly emptying beaches, write Brian Reyes and Martyn Wingrove.
- Lloyd’s Register slips back into red
LLOYD’S Register is back in the red, as the year to June saw the British classification society clock up a pre-tax loss of £6.5m ($10.8m), writes David Osler.
- Numast boss blasts Labour on seafarer jobs
NUMAST leader Brian Orrell has blasted Labour’s shipping policies for "failing to deliver" on seafarer employment, in a strongly worded letter to Prime Minister Tony Blair.
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| DECEMBER 11, 2003 |
- Lloyd's Register results disappoint
LLOYD’S Register, the independent risk management organisation, has posted a pre-tax loss of £6.5M ($11.3M) for the year to 30 June, compared with a profit of £32.6M in the year to 30 June 2002
- Further W Australia ore expansion
ROBE River Iron Associates is expanding its port as part of a huge development of its West Angelas mine in Western Australia for the Chinese and Korean market
- BC ferry workers firm on strike
STRIKING ferry workers in British Columbia have been told by the province’s government to return to work, but the union is planning to stand firm
- 15 injured in shipyard unrest
AT least 15 striking Spanish shipyard workers were injured today in Seville, southern Spain when police used rubber bullets in demonstration
- Philippines tighten pilot fees
PILOTAGE services in Philippine ports have been tightened, with new standards set and restrictions placed on fees charged by pilots after complaints from carriers
- Norden shares leap
NORDEN shares jumped after its board unveiled a bullish outlook for next year and promised a huge increase in dividend on back of the group’s strong performance
- Skuld increases its premiums
- Delayed icebreaker ready by 2005
- France paralysed over new flag
- Recruits put off by crew treatment
- US awards $179M for port security
- Search goes on for heavy lift three
- Philippines, Korea in security pact
- Euro ports have 'unfair advantage'
- Geroi inspector 'changed his mind'
- Spanish block Mangouras testimony
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| DECEMBER 11, 2003 |
- West Coast terminals plan to deploy wireless identification for trucks
Stevedoring companies plan to install a wireless truck identification system that will expedite the movement of traffic at container terminals.
- Bid for Hays mail and parcel unit
The $500 million-plus offer could signal more consolidation for European express market.
- Quebec protestors snarl shipping
- S.C., Georgia ports reveal plans for security funds
- British airports post first cargo gains since March
- Plans move ahead on Asia-Europe rail link
- ICC: Revive Doha round
- Intermodal up for U.S., Canadian railroads
- Yellow Roadway announces management
- Barge builder Trinity declares quarterly dividend
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| DECEMBER 11, 2003 |
- Union's protest blocks the Montreal Gateway
Access to the Port of Montreal and other Quebec ports was blocked today when thousands of trade unionists launched a one-day protest against provincial government labour policy.
- Electronic tags to cut US West Coast truck idling times
Major US terminal operators plan to solicit proposals from technology companies to provide a comprehensive electronic identification system for around 30,000 trucks operating on the Pacific Coast.
- AAPA calls for more state aid
- Concor net profits up 9%, 110% dividend paid back to government
- UK Freight threatened by road and rail ‘highway’ congestion
- China’s central government wants to delay Shenzhen Terminal development
- Booming economy prompts $15m Zim reefer order
- Mumbai crane repairs slows container handling
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| DECEMBER 11, 2003 |
- Frontline issue prices at 8.5%
New company Ship Finance International launches $580m in senior notes.
- CMB ups Bocimar loss predictions
Dry bulk subsidiary now expected to post EUR 60m deficit for 2003.
- China crashes $300 mark on scrap buy
European Navigation creams close to $5m on aframax tanker demolition deal.
- MarAd launches search for scrap solutions
Agency appeals for ship disposal bids in wake of Able UK fiasco.
- Carnival expands CFO position
Gerry Cahill gets additional title of executive vice president.
- Norden plans bulky dividend
Strong dry cargo market to lead to record shareholder payout.
- Finnish ferry design fault identified
Report says bow door problem went unnoticed for years.
- Greek and Italian ferry cartel fines cut
Ventouris and Adriatica see penalties fall, but Minoan, Marlines and others stuck with original amount.
- China plans to up tanker fleet capacity
Local owners may collaborate in push to increase carriage of crude imports.
- Skuld confirms reserve revival
Norwegian P&I club’s nine month figures beat positive predictions.
- Strike hits BC Ferries
Canadian owner fuming over "illegal job action" that has suspended all its services.
- Gotland ups profit
Swedish owner 'still considering' options for two China ropax newbuildings.
- Carnival ties up river cruiseship sale
US giant offloads German ships to Deutsche Seereederei unit Arkona, which is planning fleet expansion.
- Evergreen and Wan Hai continue to grow
Taiwanese containership giants increased revenues again last month.
- Crewman killed in hail of bullets
Brutal piracy attack on offshore vessel in Malacca Straits leaves Philippine seafarer dead.
- Thoresen Thai confirms bulker buy
Expanding Thai dry cargo player takes secondhand buying spree close to $30m since September.
- Gadot eyes secondhand purchase
Tel Aviv-based owner will look to acquire MR chemical carrier if it succeeds in winning tanker tender.
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| DECEMBER 11, 2003 |
- APL's average rates show decline since summer
- APL ships join U.S. weather pilot program
- Three crewmen still missing after Dutch ship capsizes in Albany
- IMO elects Diaz-Monclus chairman
- IATA: Air transport "powerful factor" for Africa’s development
- Wincanton reshuffles board of directors
- Bush administration keeps pressure on China's WTO commitments
- Steel is trade issue in Canada, too
- Consumer group urges Canada not to sign softwood lumber deal
- U.S. port officials concerned over $179-million security grants
- OSHA extends comment period for vertical tandem lift rules
- First ship calls at CSX World Terminals' Caucedo facility
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