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| MAY 15, 2003 |
Shipping News
- 'Historic' forum for seafarer wages formed
AN international bargaining forum has been put in place to negotiate the wages of seamen on open register ships.
- More compensation for oil spill victims soon
ADDITIONAL compensation for victims of tanker oil spills is set to be made available when the International Maritime Organisation adds a third tier to the International Oil Pollution Compensation Fund this week.
- Korean truckers threaten to paralyse Busan
SOUTH Korean truckers threatened yesterday to paralyse cargo flows at the country's biggest port as their strike entered a sixth day, but officials said help from the army was keeping the port functioning.
- Cosco Pacific to spend US$200m on containers
COSCO Pacific, the world's fifth-largest container-leasing company, plans to spend about US$200 million this year to buy as many as 130,000 standard- size container boxes, financial controller Francis Li said yesterday.
- Shanghai port handles record boxes
THE Port Authority of Shanghai has reported that the biggest port on the Chinese mainland handled a record 912,000 TEUs in April, up 35 per cent year on year.
- RCL to buy 2 new ships from Mitsubishi
THAILAND's Regional Container Lines said yesterday it would buy two new vessels from Japan's Mitsubishi Heavy Industries Ltd for US$60 million to expand business in North Asia, India and Australia.
- Collision causes oil spill in Busan
A police patrol ship spreading an emulsifier on the sea covered with fuel oil near the port of Pusan, about 450km south-east of Seoul.
Air and Land Transport
- Air France posts 98m euro loss, better outlook seen
AIR France SA, Europe's second-biggest airline, had a 98 million-euro fiscal fourth-quarter net loss after pilots strikes, the Iraq war and the spread of a deadly pneumonia reduced air traffic while the carrier took steps to retire its Concorde supersonic planes.
- Cathay Pacific may seek capital injection
- Discount carrier jetBlue plans to fly to 3 more cities
- Lufthansa expects to fly into the red
- Air Zimbabwe has limited fuel supply
Newbuilds
- 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 15, 2003 |
- Korean truck strike heats up as police, army called upon in Pusan
- Latest Maersk Sealand vessel launched off Norway
- HIT receives two new cranes ahead of opening of CT9
- Lloyd Triestino offers first service to US
- Hapag-Lloyd posts US$232m operating profit in 2002
- U-Freight opens logistics centre in Dubai
- Rick Kessler becomes head of Horizon Services
- China Southern flies cows from New York to Guangdong
- SAS Group to centralise maintenance operation
- Air Methods reports net loss in first quarter
- Kitty Hawk begins new service from Buffalo
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| MAY 15, 2003 |
- UAE imposes 15-day advance notice for Indian ships’ entry
- m.v. ‘Wan Hai 262’ calls at Tuticorin Port: SRX Service
- Karnataka pharma industry sees export boom
- Farm exports up by 17 pc
- TAMP directive to introduce hourly berth hire rates from June 1 - Move to arm Major Ports for competitive edge
- Seahorse Group’s BCT bags ‘Area Depot of Year 2002’
- ChPT invites EoIs to develop cruise terminal
- Deepest-draughted vessel berthed safely at Mumbai Port
- Shatrughan assures early decision on port workers’ bonus issue
- GMB-run ports handle record 84.12 m tonnes cargo in 2002-03
- Conware CFS sell-off talks making headway
- Passengers to pay ADF for Hyderabad airport project
- 75 items from SSI sector to be dereserved
- Inflation declines to 6.14 pc
- IIP study finds 5.8 pc growth in industrial output in 2002-03
- TUFS coverage extended to NSIC’s hire purchase scheme
- Govt to withdraw BIS norms for jute bags above 50 kg
- CBEC chief: Educate assessees
- Stress on India-Pakistan-Bangla axis to give region economic clout
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| MAY 14, 2003 |
- Soft trend does nothing to spur demand on US East Coast
- Oil major studying impact of change in Platts price assessment
- US Gulf: Drastic price drops bolster demand
- Daily Bunker market report from Praxis Energy Agents
- US crude stock down on higher refinery runs and lower imports
- Premiums wiped out of Singapore bunker market as prices fall
- Piraeus indications slip back amid increased demand
- New Saudi posted prices
- Korea: Bunker spill after tanker collision off Busan
- All India port strike announced for May 21, 2003
- SARS and strikes depress Korea's flagging market
- Weekly African market report from GAC
- Rotterdam continues bullish trend
- EMMF warns that fuel sulphur cap alternatives must be developed
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| MAY 14, 2003 |
- MBO at Bargelink
- GeoPost and DPD show good results for 2002
- TSA and DoT to secure transport of dangerous goods
- All Nippon Airways records net loss in 2002
- Container vessel capacity has increased by 100% in six years
- CEO of Dachser retires
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| MAY 14, 2003 |
- Paris MOU closes in on substandard shipping
- EU approves French tonnage tax
- VLCC rates soar after terror attack
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| MAY 14, 2003 |
- VT Halter Marine gets ferry contract
VT Halter Marine Inc., has been selected by the Puerto Rico Port Authority (PRPA) to design and build a $2.8 million sea-going 272 passenger ferry.
- NORSHIPCO buys Metro's Old Dominion
Floating dock to be moved to NORSHIPCO
- Fuel sulfur cap proposals pose hazards
EMFF warns of dangers in present EC proposals
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| MAY 14, 2003 |
- Port of Olympia expands rail service with new Tri-City and Olympia short-line
- Schnitzer president announces pair of management changes
- Lewis and Clark encampment re-created at Chittenden Locks
- Spokane International Airport will soon offer nonstop Maui flights
- Command of Coast Guard cutter changes during Astoria ceremony
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| MAY 15, 2003 |
- Ex-Alstom chairman Bilger charged with misusing funds
FORMER Alstom group chairman Pierre Bilger (above) has been charged with misuse of corporate funds and placed under judicial control for his role in the payment of a FFrs5m ($5.5m) commission on a construction project carried out by the group in 1994.
- Do not let terror stop trade warns Bimco’s Everard
THE world has changed irrevocably since September 11, Bimco president Michael Everard told a conference in London yesterday, writes David Osler.
- Spain to sue ABS for $5bn over Prestige
THE Spanish government was poised yesterday afternoon to file a $5bn suit in the federal court in New York against ABS, alleging that the classification society’s "negligent, reckless, wilful and wanton conduct" led directly to the loss of the Prestige and the massive environmental damage that followed.
- O’Neil urges IMO flag power
THE International Maritime Organisation should have the authority to make sure that flag states really do implement conventions properly, secretary-general William O’Neil told a London audience yesterday.
- VLCC rates double as demand soars
TANKER rates are back on the up and demand is rising with very large crude carriers leading the charge, writes Martyn Wingrove.
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| MAY 14, 2003 |
- Indian owners want higher depreciation
- Congestion charge for Kuwait/UAE
- Seafarers’ card calls on US
- WTSA lines set new minimum rates
- UK Customs boost ‘dirty bomb’ protection
- Sea Containers hit by weak Silja
- US hosts first Prestige claim
- Honeymoon cruise death probe
- Iran, India sign LNG deal
- Shipyards strike for shorter hours
- Hapag Lloyd sets its goals
- EU plans oppose MARPOL, warns ICS
- P&O Ports opening at Mundra
- EC again blames Korea on order fall
- Liner lobby tests the water
- MOL and Oman sign support deal
- Busan fights oil spill
- Aqaba disruption avoided
- Korean strike spreads to Ulsan port
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| MAY 14, 2003 |
- Proposal budgets $247B for highways
Bill's provisions shifts funding, would allow states to use their Surface Transportation Programs to support publicly-owned intermodal freight facilities.
- Intel shipping via ocean to cut costs
The chip maker has been using ocean freight as part of a broader move to cut transport costs, an executive said.
- Cargo spurs Air France profits
Air freight outperformed passenger business over the past year.
- Westbound fruit market ripe for rate hikes
- Lufthansa loss widens to $477 million
- GRI for Canada lines
- Hartigan: Integres on growth track
- Troops readied to break Busan strike
- Africa-Europe lines upgrade vessels
- Frankfurt air cargo drives profits
- Arms, explosives seized at U.S.-Canada border
- Pakistan port raises box charges
- Hapag-Lloyd profit falls
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| MAY 14, 2003 |
- Zim 'pays high price' for reduced China/Australia capacity
COZ outcast Zim is likely to have paid a high price for the China/Australia slots it has secured with COSCO, after being unable to finalise deals with several carriers.
- US Customs, NVOCCs to remedy 24-hour rule confusion
- New Brussels liner lobby outlines priorities
- South Africa: SAPO confirms suspension of Thursday strike
- New S.Africa strike talks reveal knife-edge labour relations
- Mixed messages as charter market closes on yr2000 high
- Busan truck strike spreads to new S.Korea port
- Grand Alliance set to announce new China links
- New SAECS agreement clears way for fleet uprgade
- Surging Itajai volumes prompt fresh capacity investment
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| MAY 14, 2003 |
- Carnival latest under labour spotlight
Board rejects AFL-CIO pressure to switch incorporation from Panama to US.
- TMM takes it down to the wire
Mexican transportation group extends deadline to bondholders one last time.
- Dickinson picks up Carnival CEO title
Cruise line head honcho adds second role.
- Silja drags down Sea Containers
Treble trouble for Finnish ferry group helps push parent into the red.
- Ships upsized on South Africa boxship route
SAECS to boost capacity with panamax containership newbuildings.
- Russia eyes nuke subs as tankers
All hands to the pumps in effort to boost lucratative crude exports.
- Korean yards come under fresh fire
EU shipbuilders want LNG carrier price dumping investigation.
- Oman moves ahead with shipowning
New contract gives Mitsui OSK Lines lead role in Gulf state shipping.
- Exchange losses dent RCL's profit
Regional Container Lines expects "moderate" rate upswing later this year.
- K Line inks Hyundai options
Japanese owner takes panamax boxship tally at South Korean yard to eight.
- MHI turns in a profit
Cruiseship newbuilding fire cost company $112m.
- Lee takes helm at Korean Register
Ex-civil servant has been appointed new president and chairman of classification society.
- Hong Kong hauls in 25
SARS epidemic has not prevented authorities from cracking down on sub-standard shipping.
- Star restores some Singapore sailings
After a month-long drydocking the SuperStar Aries will begin Malaysia-bound cruises.
- VT Halter Marine inks ferry deal
ST Engineering's US yard buy starts to pay off as it makes further inroads into regional market.
- Cosco makes SARS donation
China giant contributes to fund for domestic medical workers battling killer virus.
- Zim and Lloyd Triestino start AUX service
Israeli and Italian container line's new Far East-Americas service makes maiden US call.
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| MAY 14, 2003 |
- Rice departs P&O Board, Group
- Sultanate of Oman completes contract with MOL
- Correction: Hapag-Lloyd Group may sell part of VTG-Lehnkering
- AMC-MEBA form joint labor-management partnership
- Maersk Sealand amends transpacific services
- "K" Line orders another three 4,013-teu ships
- EC approves French tonnage tax regime
- Lykes adds Florida/Caribbean link
- Pacific carriers to reverse fall in U.S.-to-Asia rates on fruit
- Europe/South Africa carriers to deploy 4,300-teu ships
- CCNI, Maruba, Lykes submit pacific cooperation to FMC
- House Subcommittee approves air-cargo security enhancements bill
- FAA bill sets aip entitlement increase for cargo airports
- LTL carriers better positioned to frame 2008 labor negotiations
- U.S. tax breaks proposed for highway, freight transfer stations
- Wesccon 2003 slated for Oct. 30-Nov. 2
- FMC considers 14 OTI applications, revokes two licenses
- Census plans to continue phase-out of AES filing option 3
- Three times increases shareholding in ABX Logistics (Australia)
- Brazil disputes Florida tax on processed orange, grapefruit imports
- House bill promotes lifting Cuba travel ban for U.S. businesses
- WTO to determine Canadian softwood lumber’s threat to U.S. producers
- Agriculture exporters applaud Bash’s case against EU
- Congressional support sought for FTAA
- Olympia port signs agreement with Short Line
- Panama Canal Authority clarifies 96-hour pre-arrival rule
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