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| JANUARY 14, 2003 |
Shipping News
- Intra-Asian box trade to outpace global average
INTRA-Asian containerised trade will grow more rapidly than the global average, which is expected to slow slightly from the current 6.5 per cent annual growth, according to a recent United Nations study.
- ITF slams Cambodia's decision on ship registry
- COSCO-HIT's throughput up 3.4% last month
- Xiamen port's trade hit record US$21b last year
- More ships visit Ningbo
Air and Land Transport
- Air NZ shares rise 6% on news of United's departure
AIR New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines said it will stop flying between the US and New Zealand in March.
- ABN Amro cuts recommendation on Qantas
- Xiamen Air starts services to S'pore
- Air China to increase flights for Lunar New Year
- Flight data recorder of TransAsia plane recovered
- Concorde turns back
- Low-cost airline companies flying into central Europe
Features
- Building China's Chicago
THE engineers who run China have designated this congested southwestern city, cupped by the Zhongliang Mountains and divided by flood-prone rivers, as their country's new Chicago.
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- US Customs to have no enforcement powers in HK, says official
- Descartes to open Japan office
- Evergreen to relocate to largest terminal north of LA
- Spain joins US CSI programme
- CSX Lines looks to Ulysses after safety system reviews
- Xiamen Airlines offers services between China and Singapore
- ATA of America appoints James May as CEO
- Continental enters into codeshare with SNCF
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| JANUARY 13, 2003 |
- Deutsche Post buys Ascoli
Deutsche Post World Net will be acquiring Casa di Spedizioni Ascoli SpA, Milan, Italy, effective January 15, 2003.
- ´Deutsche Post close to Securicor deal'
Deutsche Post is close to acquiring the remaining 50 per cent stake in Securicor's UK parcels distribution business.
- Venture Entertainment Logistics and TMI
Entertainment Logistics and GlobePlanner, part of BV Transport Management International Holding (TMI) at Amsterdam Airport, have signed an agreement to set up a joint venture, which will operate under the name Entertainment Logistics Europe.
- Modern Terminals might invest in Shanghai
Modern Terminals Ltd plans to invest as much as 5 billion yuan (S$1 billion) in Shanghai as one of Hong Kong's biggest port operators expands outside southern China for the first time.
- 2003: Airbus 300 - Boeing 275
Airbus SASaims to complete 300 planes in 2003, which would exceed the total expected by Chicago-based rival Boeing by as many as 25 planes.
- China allows foreign couriers majorities
China issued regulations which allow foreign freight forwarding and express delivery companies to own a majority stake, of as much as 75 procent, in their local joint ventures.
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| JANUARY 13, 2003 |
- Daily Bunker market report from Praxis Energy Agents (Monday)
- Daily Bunker market report from Praxis Energy Agents (Friday)
- $1bn Prestige spill
- OPEC crude production back to square one
- Russia's crude production up
- 2003 oil price forecasts for different war scenarios
- Statia Terminals moves office
- Baltic frost bite spreads to ARA market
- O.W. Bunker enters North Russian bunker market
- Poland: Supply of gasoil to normalise by weekend?
- OPEC quota increase may fall short of price reduction goal
- Rotterdam firms despite crude fall
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| JANUARY 13, 2003 |
- KLM appoints new SVP & area manager for Western Europe
- Baiyun International Airport nears completion
- Unusually thick ice sheets hinders navigation on Baltic Sea
- Atlas Air obtains waiver and is no longer in default
- Ingersoll-Rand chooses Hays for distribution contract
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| JANUARY 13, 2003 |
- First Wave cancels rig contract
First Wave/Newpark Shipbuilding announced today that it has terminated a repair and conversion contract with a Malaysian company, and that it received a commitment for up to $6 million funding from a "substantial institutional investor."
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- Schnitzer Steel subsidiary buying Pick-N-Pull stores
- Port of Portland hires Carl Warren as head of Business Development sector
- Flemming Jacobs leaves post as Nepture Orient president and CEO
- Dick Marzano named president of Tacoma Port Commission
- Shipment of animal feed leaves Port of Tampa Bay for Cuba
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- Opec output hike drives VLCC rates to W165
TANKER earnings have rocketed on the back of the Organisation of Petroleum Exporting Countries’ decision boost output quotas on Sunday, but owners expect that the best is yet to come.
- BP sells off Forties field to Apache
THE historic Forties North Sea oilfield was sold yesterday by BP to US independent Apache Corp as part of the UK oil giant’s $1.3bn disposal of British and US assets.
- OECD warns of terror behind corporate veil
THE Organisation for Economic Co-operation and Development has started the second phase of an investigation into transparency in the maritime world amid concerns that terrorists would find it easy to hide behind the industry’s so-called corporate veil.
- European dockers plan new port services directive strikes
EUROPEAN docker unions are planning another round of industrial actions this Friday and next Monday to highlight continued unease on the waterfront over the European Union’s proposed directive on market access to port services, writes Brian Reyes.
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| JANUARY 13, 2003 |
- Lederer investigation widens
- Bulker detained after mystery death
- Kolkata assesses Hooghly options
- EU relaxed about Korean threat
- Waterford names short-sea solution
- Shell expands US fuel operations
- Grimaldi, Minoan go own ways
- Ownership is security key, say OECD
- HHLA named as Karachi partner
- Teekay denies Adsteam rumour
- Anomeritis backs IMO on Prestige
- Order crisis for German cruise yard
- Vicky towed to Rotterdam
- Ice delays St Petersburg shipping
- Prestige leaks being stopped
- Moroccan alliance redrawn
- ABS inspector blasts Venezuela
- Venezuela 'returning to normal'
- Cruise option delayed yet again
- Singapore still welcomes foreigners
- MISC eyes American Eagle Tankers
- Korea seeks EU explanation
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| JANUARY 13, 2003 |
- OPEC's Venezuela production boost expected to further spur tanker rates
Soaring supertanker rates are set to rise even higher after OPEC's agreement Sunday to boost exports to plug the loss of shipments from strike-bound Venezuela.
- U.K. airports cargo up in 2002
The world's biggest airports operator said air freight through its seven United Kingdom hubs increased 2.4 percent in 2002 driven by a year-end surge in shipments.
- FMC schedules oral hearings
- New York to get more longshoremen
- TACA holds bunker charge
- Record transshipments for Amsterdam
- Hong Kong sets air-freight record
- Safmarine, Maersk Sealand ally on India-Europe route
- Deutsche Post to acquire Securicor
- Fedex Custom Critical air unit changes name
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| JANUARY 13, 2003 |
- S&P assigns BB- rating to CSX Lines
So-so credit rating reflects high financial leverage in the run-up to the company's takeover.
- Oglebay picks up Laker and dock
Purchase of Erie Sand & Gravel comes with a self-unloader and two terminals.
- US publishes list of 'untouchables'
More than 170 Iraqi vessels off limits to US businesses as part of bid to enforce sanctions.
- No SCI sell-off before March
State takes Shipping Corp of India off list of privatisations scheduled in current fiscal year.
- French passengership held by inspectors
UK detained 18 ships as a result of port state control inspections in November.
- Peel launches compulsory buyout of Clydeport
UK group aims for 100% of Scottish ports and shipping operation after high take-up of share offer.
- Bulker owners fined for spill
Billabong look to Skuld to pay $500,000 US pollution penalty.
- Alstom wins ship contracts
French group shores up shipbuilding orderbook with research vessel and yacht.
- Hong Kong hauls in Evergreen boxships
Port state control checks reveal faults aboard two of Taiwanese container giant’s vessels.
- Lloyd Triestino eyes Thai fleet stake
New contender enters the arena in a long running sell-off saga.
- Caspian Shipping pushes up volumes in 2002
Caspian Sea operator increased cargo transportation last year by 5%.
- Korea prepares suit against EU yards
The bell sounds for the next round in the great subsidy battle.
- VLCC rates breach $100,000 barrier
Worldscale rates are only going in one direction as tonnage availability begins to tighten.
- Vicky towed to Rotterdam
Court gives permission for Tricolor collision vessel to be moved.
- Precious wins bond extension
Thai bulker owner prevents dilution of shares by escaping massive conversion of debentures.
- Car carrier in minor spill incident
Japanese vessel Violet Ace leaks small amount of lube oil in Townsville, Australia.
- Prestige clean-up could cost over $1bn
Spain asks EU for more cash while Titanic director plans film.
- Singapore PM: Foreign talent still welcome
Goh Chok Tong dispels talk that expat executives are not wanted after Flemming Jacobs' sacking.
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