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| NOVEMBER 13, 2003 |
Shipping News
- S'pore backs Straits cost sharing idea
WHILE Singapore supports the concept of international cooperation in maintaining the Malacca and Singapore Straits, the creation of a funding mechanism still faces numerous obstacles.
- Prestige crisis sparks pledge for better spill compensation
THE devastation caused by the sinking of the tanker Prestige off Spain a year ago has sparked a major re-think on compensation for oil spill victims, and the money available has increased more than five times.
- S'pore calls for strong anti-piracy action
AGAINST the alarming backdrop of increasing and more violent pirate attacks in regional waters, Singapore has called for continuing 'strong action' by littoral states along with international cooperation in fighting the scourge.
Air and Land Transport
- Budget carriers here to stay: Sita
LOW cost airlines in Asia could easily replicate the enormous success of Europe's Ryan Air and easyJet, the US' Southwest Airlines, according to the head of Sita SC, the world's biggest air transport information and telecommunications group.
- Inflight use of handphone for SMS may be allowed
- Thai Airways likely to post record full-year profits
- UK pilots want ID cards, not armed sky marshals
Newbuilds
- Will there be a European building boom?
BUILDING slots for large vessels for delivery before 2006 are becoming almost as rare as hen's teeth.
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| NOVEMBER 13, 2003 |
- Shenzhen Port growth set to overtake Hong Kong
- Deutsche Post World Net profits double to US$1b
- K Line to open Wuhan office
- Yicheng opens Guatemala branch
- Synergy Shipping launches Batam service
- Manila's ICTSI revenues up 24pc in third quarter
- Cathay sets cargo record as traffic figures stay firm
- Menzies takes Air Canada and Gulf Air business Down Under
- Exel goes with Syntegra for next stage of Cargo 2000
- New Basel office for Cargolux
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| NOVEMBER 13, 2003 |
- New Globe group receives ISO 9001:2000 certification - ...launches web-based track & trace system
- m.v. Rickmers Seoul makes maiden call at Chennai Port
- Schenker India to host Pan Asia meet in Delhi from tomorrow
- Shipping Minister Shatrughan Sinha to open 3-day conference on oil, gas shipping today
- Madhya Pradesh to export 1 lakh tonnes of wheat
- EU to review duties imposed on Indian steel wire
- India identifies 548 items for free trade agreement with Mercosur
- Surging Chinese demand makes even Korean, HK trade source cotton yarn from India
- Indian Tea Assn signs MoU with Russian co.
- Rubber imports register 75 pc growth in H1
- Kerala govt begins talks with potential developers - EoIs for Azhikkal, Alappuzha ports submitted
- Leather goods worth Rs 751 cr. shipped thru Kolkata Port in H1
- Chennai Port handles more iron ore pellets, lumps cargo
- Port areas may be exempted from Coastal Regulatory Zone rules
- MbPT Dy Chairman opens training workshop on ‘Ports Privatisation’
- J.M. Baxi & Co. sets new single-day MoP handling record at Kandla Port
- Top CBEC officials accept most FFFAI proposals - Minister Shripad Naik exhorts CHAs to professionalise services
- Asian airlines envisage 10 pc growth in cargo volumes this year
- CONCOR draws up blueprint to effectively compete with road sector
- Centre plans to ease import norms for big cars
- Repair of damaged DCI dredger in progress
- New national steel policy likely to be ready by year-end
- Apparel park at vizag to start functioning from 2005
- President to open international trade fair tomorrow
- Age relaxation to encourage women seafarers
- IMC to hold press meet today
- "Herbal World 2003" seminar from November 13-16
- AIAI team to be in Moscow during PM’s visit
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| NOVEMBER 12, 2003 |
- Gulf Coast: Houston suppliers split on pricing
- New supplier active in Point Noire, Congo
Puma International Bunkering has begun a new operation as physical suppliers of marine fuels to vessels calling Point Noire, Congo. The company currently supplies MGO ex-pipe from a storage terminal in the port, but also plans to offer off-shore supply of bunkers in the future.
- Exports rather than off-specs constricting Korean bunkers
One player said that he has been dealing in Korea for 20 years without seeing any off-spec cargoes from domestic refineries. The majority of product produced in Korea is straight run and of generally very high quality.
- St Petersburg market firm and quiet
- Piraeus unaffected by stormy weather
- New Saudi posted prices
- Rotterdam largely steady this morning
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| NOVEMBER 12, 2003 |
- TPG appoints Group Human Resources Director
- BA World Cargo sees progress in flat market
- Dockers’ protests at Dutch ports all this week
- New private Worms-Rotterdam container blocktrain
- DPWN reports increase in earnings for first 9 months of 2003
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| NOVEMBER 12, 2003 |
- Yards must repay subsidies
- DFDS slims organisation in Sweden
- "Tricolor" salvage delayed by weather
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| NOVEMBER 12, 2003 |
- Two companies enter leases at Bellingham International Airport
- Moller/Maersk nets entry into Customs' C-TPAT program
- Laval University student wins $25,000 TIACA scholarship
- Neptune Orient Lines sees profitable third quarter
- Grand Alliance member lines suspend special peak season service
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| NOVEMBER 13, 2003 |
- First ‘ghost ship’ arrives on Teesside
Ghost ship Caloosahatchee finally arrived on Teesside yesterday, after a 4,500 mile tow across the Atlantic that took almost a month.
- Frontline to raise $1.5bn in loan and bond deal
JOHN Fredriksen’s Frontline is homing in on a $1.5bn refinancing package in support of its plan to split the company in two, separating asset ownership from chartering activities.
- Fresh Prestige corrosion claims on eve of wreck anniversary
ALLEGATIONS appeared in the Spanish press yesterday that ABS was warned three months before the Prestige disaster that the tanker’s structural integrity was dangerously compromised.
- Transpacific US Lines link confirmed
ONE of the oldest names in liner shipping will be revived within a few weeks with confirmation last night that US Lines would launch a weekly transpacific service before the end of the year, writes Janet Porter.
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| NOVEMBER 12, 2003 |
- Ghost ship arrives to media frenzy
THE first of the US Maritime Administration’s ‘ghost ships’ arrived at Able UK’s Teesside dock this afternoon. The Caloosahatchee was assisted to the berth by an ITC tug and three local Svitzer tugs
- Have your say!
Is IACS a closed shop? Are its conditions of entry too high? Should it be open like most shipping conferences are these days? Have your say!
- PNSC targets domestic crude sector
PAKISTAN’S national flag carrier, PNSC, is striving to build a five-tanker fleet to capture the domestic crude imports market.
- DFDS signs third industrial deal
DFDS, the Copenhagen-based ferry group, has signed a third major industrial shipment contract in seven months.
- Wilhelmshaven plans move ahead
THE heads of the Lower Saxony and Bremen governments in Germany have confirmed they will press ahead with plans for the deep water port at Wilhelmshaven.
- Algeria absorbs CNAN debt
ALGERIA is to write off two-thirds of the Dinar10Bn ($144M) debt carried by the country’s largest state owned shipping company, SNTM-CNAN.
- French take back Clémenceau
- Korean yards abandon bulkers
- Prestige lessons 'going unlearned'
- FMA to address fairway charges
- Gotland joins Stockholm exodus
- India bids to fill crew shortage
- Video footage supports Mangouras
- Niarchos to leave shipping
- 2007 newbuilding prices to rise
- Damaged Busan cranes replaced
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| NOVEMBER 12, 2003 |
- U.S. Lines eyes return to service
The venerable line will be resurrected late this year in service between South China, Hong Kong and the US West Coast.
- Big first-half gains for MOL
Higher volumes on key east-west routes yield near four-fold jump in liner profits.
- Air cargo toasts Beaujolais season
Airlines add flights, capacity for annual November wine rush.
- Cargo hits Lufthansa profit
- Senate approves Maritime Security Program
- Hong Kong urged to boost maritime insurance
- Credit Suisse major NOL shareholder after share placement: Report
- Rate hike for Far East-Pakistan freight
- Senate approves bill to arm cargo pilots
- Nine apply to run New Jersey box terminal
- Georgia port cuts truck turn times
- Market Transport acquires InTransit
- Cargo Network Services adds Lufthansa, Exel execs to board
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| NOVEMBER 12, 2003 |
- Ruling: carriers not responsible for losses while containers at Customs
Carriers cannot be held responsible for losses while containers are in Customs' charge, the US Court of Appeals for the Seventh Circuit has ruled in a case involving Hanjin Shipping.
- Rickmers Reederei orders four 3,500TEU boxships
- ESPO urges MEPs to vote for ‘compromise’ Ports Directive
- US seaport grants programme distribution is politicised, say experts
- Eastbound transpacific trade still going strong
- Slow start at P&O Ports’ Mundra terminal, lines complain
- 1,500-2,000TEU ships suffer from Middle Child syndrome
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| NOVEMBER 12, 2003 |
- NCL bids for Grand Old Party gathering
Cruise line in talks to house party officials at next convention.
- Chirac weighs into Prestige row
French president calls for tougher action to fight pollution in Europe.
- Total scales Matterhorn
Oil major opens third oil field in US Gulf.
- Ten months for bent bunker boss
Another Singapore bunker briber is found guilty and faces jail.
- Windstar upgrades fleet
Luxury sailing ships to get $6m facelift.
- AET boosts Malaysian giant
MISC adds revenues from NOL’s former tanker unit and watches profits soar.
- V.Ships in 'ghost' row
Greenpeace tracks ro-ro to India and slams 'double standards'.
- Gotland’s shares to be delisted next March
Shareholders approve plan for Swedish owner to be taken private in 2004.
- Mitsui in fourfold profit jump
Japan’s number two boards box boom bandwagon and pays first-ever interim dividend.
- Niarchos exits 'risky' shipping
Greek dynasty decides to exit industry and hang ‘for sale’ sign on fleet.
- Hyundai Mipo adds new orders
Rickmers and Vroon sign up for six ships worth $234m at Korean yard.
- DFDS signs for steel shipments
Danish ro-ro owner to transport 50,000 tonnes annually from Sweden to UK.
- STX hedges for success
Korean yard protects itself against strong domestic currency and boosts profit.
- EU warns Finland on dues
Commission gives two months' notice over 'unfair' fairway and ice class charges.
- Aboitiz builds WG&A stake
Parent group takes firmer hold on Philippine ferry owner.
- Viqueira quits General Maritime
Tanker firm's chief financial officer in sudden exit after only six months in the job.
- Iraqi ports up for grabs
Coalition Provisional Authority to put management of five ports out to tender to the private sector.
- Singapore eases visa restrictions
The Lion Republic is making it easier for seafarers from certain nations to enter the country.
- Portugal turns ghost ships away
The second pair of ships heading for demolition in UK ordered to stay out of territorial waters.
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| NOVEMBER 12, 2003 |
- OECD holds maritime committee meeting
- Shipping recovery lifts MOL's half-year result
- Menzies Aviation picks up two Australian cargo-handling contracts
- CSX reorganizes management structure
- Wincanton raises operating profit after P&O Trans European takeover
- EGL sees slight dip in third-quarter net income
- USDA continues food aid to Uzbekistan
- Taylor named VP of sales for Americas Systems
- New EU entrants join European port group
- Hutchison brings new cranes to Korean terminal
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