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| MAY 13, 2003 |
Shipping News
- Laem Chabang to get $653m upgrading
THE Port Authority of Thailand is planning to invest 16 billion baht in Laem Chabang Port in a bid to turn the deep-sea port into a leading international maritime hub.
- Australia in A$100m crackdown on port security
SHIPS arriving at Australian ports will soon require advanced security agency clearance as part of a A$100 million maritime security crackdown to be detailed today.
- Truckers' strike cripples South Korean ports
SOUTH Korean exports by sea were brought to a virtual standstill yesterday as talks between striking truckers, management and government officials stalled.
- Lines on trans-Pacific trade raising freight rates
MITSUI OSK Lines, Evergreen Marine Corp and other shipping lines, which lost US$2 billion last year on trans-Pacific routes, started to raise rates by as much as a fifth this month after US-Asia trade increased.
- Oil tanker sinks off Bombay coast
A Bombay-bound oil tanker from Dubai sank off the Indian coast Saturday, but its 15-member crew including the captain was rescued to safety, a news agency reported on Sunday quoting police.
Air and Land Transport
- London needs up to 3 more airport runways: BAA
BRITAIN's biggest airports operator, BAA plc, urged the government to build up to three new runways in the London area over the next 30 years to avoid major damage to the country's competitiveness.
- Air France to scrap 65% of shorter flights
- Charter airline to serve VIPs
- Incheon airport's passenger traffic down 37% in April
- Boeing progressing in bid to lease tankers to US military
Bulletin Board
- Bulletin Board
Leading global supply chain services provider APL Logistics , has appointed Vincent F Gulisano to the position of senior vice-president of global sales, marketing and solutions engineering, based in its Oakland, California headquarters.'Having completed our regional senior management reorganization, we are set to meet our extended global needs with the appointment of Vin Gulisano to this important position,' said APLL chief Hans Hickler.
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| MAY 13, 2003 |
- K Line adds new members to agency family from Black Sea region
- Korean truckers continue strike at Pusan, Kwangyang ports
- Despite downturn Germanischer Lloyd turnover up 6pc in `02
- Swift granted ISO 9001:2000 certification
- Crime at POLB 0.5 per cent of city total in 2002
- United Cargo to outsource to help drive costs down
- Bax Global opens new warehouse in Xiamen
- World Airways net income rises 34 per cent in first quarter
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| MAY 13, 2003 |
- MSC emerges top lifter at CONCOR’s ICD-Kanakpura, Jaipur, in 2002-03
- Panalpina becomes member of C-TPAT club
- Trade pact with Bosnia- Herzegovina
- 5m tonnes of LNG imports from Iran in pipeline
- Trade with Pakistan can be increased to $ 4 billion: Ficci paper
- Markfed sells wheat for export
- Mumbai Port berths 11-metre draught vessel - Yet another navigational achievement
- Kandla Port Trust increases draught at 4 oil jetties to accommodate larger ships
- New single-day wheat loading record - Liquid cargo being handled at Kandla Port
- G. C. Murmu is new V-C & CEO of GMB
- Air freight rate cuts likely
- Rs 22.95 lakh sanctioned for rail line survey
- Forex reserves surged by $ 933 million to cross $ 77-billion mark
- CII welcomes tax waiver on forex earned by service providers
- 19-bank consortium extends Rs 2,145 cr. loan for Petronet’s Dahej project
- EFC will push up exports from MP by 10 pc: Minister
- Garment exporters urge govt to raise DEPB rates
- MEPZ aims at achieving turnover of Rs 1,000 cr. in 2004-05
- Indore SEZ may be first to get off ground soon
- Procedure for import of items under TRQ notified
- I-T Dept to instal system to identify high-value transactions
- Rudy lists steps taken to boost potato exports
- Wheat procurement touches 13.24 m tonnes
- Prepare safeguards against trading blocs: MPs’ panel
- RBI facility for seafood exporters
- Forex reserves touch $ 77.598 billion
- 65.3 pc rise in exports of automobiles
- 100-member CII team to visit Pakistan
- Pak delegation to visit IMC today
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| MAY 12, 2003 |
- Successful UK Emissions Trading Scheme a model for shipping?
- Panama: market rises as many players await replenishment
- Daily Bunker market report from Praxis Energy Agents
- Great Belt quiet as market rises
- Baltic markets firm, markets quiet except Tallinn
- Rotterdam continues to firm this morning
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| MAY 12, 2003 |
- NOL announces sale of AET
- Cathay Pacific asks staff to take special leave
- Panalpina Group posts top results for 2002
- U-Freight opens new logistics centre in Dubai
- Unisys wins contract from SAS Cargo Group
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| MAY 12, 2003 |
- Stolt-Nielsen sued by shareholders
- "Prestige" payout agreed
- International cargo volumes up in Swedish ports - domestic handling keeps declining
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| MAY 12, 2003 |
- Torch gets financing for Midnight Express conversion
Torch Offshore, Inc. says that its $60.0 million finance facility to fund the conversion of the Midnight Express into a DP-2 offshore pipelay and construction vessel has been completed.
- FBM Babcock unveils new fast ferry design
Combines SWATH hullform with waterjet propulsion.
- Profitable quarter for Seabulk
Lower interest rates and stronger performance by tanker and towing businesses
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| MAY 12, 2003 |
- Port of Portland adding new container service to lineup
- Crowley opens new operation in Sakhalin State, Russia
- Official ceremony opens UP Railroad Museum in Omaha
- Port of Olympia breaks ground on Swantown Marina expansion
- Northrup Gruman reports success of RONALD REAGAN sea trials
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| MAY 13, 2003 |
- Top-up fund to give oil spill victims better deal - O’Neil
INTERNATIONAL Maritime Organisation secretary-general William O’Neil yesterday heralded a better deal for oil pollution victims, as the UN agency hosted the first day of the meeting that could ultimately define inter-governmental response to accidents like the Erikaand Prestige.
- Key steps taken in forming single body to negotiate seafarers’ pay and conditions
SIGNIFICANT first steps towards the development of a body that will be able to negotiate the pay and conditions of seafarers on more than 1,800 ships have been taken in Japan.
- Cruise visionary Stephan to step down from Royal Caribbean
ONE of the architects of the modern cruise industry Edwin Stephan is retiring from the board of Royal Caribbean Cruises, writes Tony Gray.
- Tokyo Gas pact fuels Sakhalin Energy debut
SAKHALIN Energy’s plans to begin liquefied natural gas production from eastern Russia from 2007 have moved a step closer with an agreement with Japan’s Tokyo Gas.
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| MAY 12, 2003 |
- Rio port debt deeper than reported
- Seafarer employment forum set up
- Busan hauliers strike from tomorrow
- Police probe cruise plunge
- Yokohama to streamline terminals
- Products tanker lost off Mumbai
- Jordan's hauliers threaten strike
- Dubai unveils new service hub
- French owner seeks partner
- P&O responds to Star competition
- Dubai agents reject cartel charge
- New Mols Channel link delayed
- Seabulk revival continues
- Australians seek missing seafarer
- Seafarer killed in tanker fire
- Star stretches Australian itinerary
- Hopes raised for Korea steel strike
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| MAY 12, 2003 |
- United eyes 747 freighter ops by fall
A senior cargo executive said United Airlines hopes to offer 747-400 freighter service from Asia to the United States.
- Busan on edge despite truckers deal
A tenuous peace was declared in a strike by truckers that threatened to cripple Korea's largest port, but it's unclear if the agreement will stick.
- DOT extends deadline for DHL decision
- Zim buying slots on Cosco China service
- Gulisano to head APL Logistics global sales
- TACA holds on fuel charge
- Tankers boost Daewoo quarter
- Kessler to lead Horizon Services Group
- BAX Global claims strong demand for high-security shipments
- Seamens group urges mariner ID card provisions
- i2 Technologies delisted
- Exel resumes Iraq deliveries
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| MAY 12, 2003 |
- Hapag-Lloyd anticipates improved returns as rates bounce back
German line Hapag-Lloyd is anticipating a significant improvement in revenues as rates bounce back from their 2002 trough, the line said today.
- Korean truck crisis deepens as truckers call general strike
Rate talks between the Korean truckers union and Busan shippers broke down late today (local time) and the union has now decided to hold a general strike from tomorrow.
- Tecon-2 ditched as Codesp bows to auto-traders’ pressure
- Unions win concessions over groaning S.Africa ports
- Zim opts for COSCO slots to cover China/Australia
- Volatile Forex market hits Panalpina profits
- Rebels hit Colombian port
- Portek JV scoops Indonesian terminal contract
- Deadlock eases in strikebound Korean ports
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| MAY 12, 2003 |
- Midnight Express wins funding
Conversion project receives new loan with help from the Canadian government.
- Marine moves to the Twin Cities
Kemper Insurance sells maritime business to the St Paul group.
- Investigators board NCL ship
Dumping case raises new questions about law in territorial waters.
- RCCL founder hangs up his hat
Cruise line waves goodbye to Ed Stephan (left) and co-founder Arne Wilhelmsen.
- San Diego dredging approved
Authorities sign off plan to deepen channel at major car-handling port.
- Tokyo Gas to ship Sakhalin LNG
Japanese buyers set to take first gas from Russian Far East project.
- ACM ties up with financier on Turkish venture
London brokers team up to branch out internationally on S&P front.
- ITF agrees to keep pay frozen
New deal keeps crew wages pegged and opens way for wider talks.
- Leif Hoegh offer declared fair
Independent directors recommend remaining shareholders to sell out to founding family.
- ThyssenKrupp expands in shipping
No giant bulkers but more push barges for German steelmaker.
- SembCorp cautions on SARS fallout
Singaporean conglomerate foresees "difficult and challenging" year.
- Demolition prices slip as tanker rates rise
But buyers continue to eye up next round of tanker scrap candidates.
- Precious mulls refinancing proposals
Thai bulker owner sees profit rise for second consecutive quarter.
- Seafarer dies in tanker fire
Pan Ocean chemical carrier suffers explosion after refuelling off Singapore.
- Frontline staff in the money
Tom Jebsen and others split a share option bonus of $319,000.
- CIS completes share issue
Cosco sees its shareholding shrink as Singapore government comes onboard.
- Daewoo profit soars
Korean yard reaps benefits of first quarter order surge.
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| MAY 12, 2003 |
- FMC to offer regulations seminar in New York
- Expanded MSP to be sought in defense authorization bill markup
- Zim takes space from COSCO in Australia/China trade
- New World Alliance to reinstate peak-season Pacific service
- Lower rates hit Hapag's box reveure profit
- ACL remains profitable despite rate falls
- Aphis proposes fee for shipper use of Miami Airport animal ramp
- Kansas City Southern acquires 51% stake in Mexrail
- Confreight adds weekly South Africa service from Le Havre, Paris
- Horizon Services names Kessler CEO, President
- Exel resumes Iraq deliveries
- U.S. Customs, petroleum importers develop compliance standards
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