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| JUNE 16, 2003 |
Shipping News
- Aceh closure won't affect Malacca Straits traffic: Insa
THE closure of Indonesian waters off the war-torn Aceh province will not affect shipping in the Malacca Straits according to the chairman of the Indonesian Ship Owners Association.
- NOL-APL makes more senior staff changes
NEPTUNE Orient Lines' far-reaching management overhaul continues, with three senior executives of its container division APL shuffling roles.
- Logs drifting after Singapore vessel sinks off India
SHIPPING in the northern Bay of Bengal is being warned of clusters of logs that broke free and are drifting eastwards after an abandoned Singapore-owned bulk carrier sank near India's Haldia port.
- APL Emerald still grounded
THE Singapore-flagged container ship APL Emerald remains grounded 1.3km south of Horsburgh Lighthouse in the Singapore Straits as insurers and classification agents determine how to refloat the vessel.
- HK agency in major changes
HONG Kong's governing maritime agencies are undergoing a major overhaul, with the disbanding of the Port and Maritime Board and creation of two new councils.
- All set for the big day
FIVE ships getting ready to sail through the permanent ship lock of The Three Gorges Project on the Yangtze River in central China's Hubei province during a trial navigation on Saturday.
Air and Land Transport
- Airbus may top Boeing in orders at Paris Air Show
AIRBUS is sticking with a target to deliver 300 jets this year, signalling that the European plane maker will beat Boeing in annual deliveries for the first time in three decades of fierce competition.
- More passenger flights returning to HK airport
- EVA to resume Japan flights
- British Midland to cut up to 1,500 jobs
- Vote to restrict US air traffic control
- Log Book
Dockyard
- Port state control regimes turn their attention to ship operations
THERE was a time, before Malcom McClean realised that general cargo ought to travel around the world in containers and when tweendeckers still carried dry bulk cargo, that port calls could be rather leisurely affairs.
Ship Sales
- SHIP SALES
THERE are reports of Irano Hind making a couple of purchases of Handymax Bulk carriers, the 1995 built Bulk Taurus and Oriental Dream at prices of US$13.3 million and US$13 million respectively.
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| JUNE 16, 2003 |
- MSC introduces China/ US WC service
- China bag exports rise 75pc
- Shanghai port throughput immune to Sars
- UTi Worldwide sees 71 pc jump in net Q1 revenue
- UPS wins SGI's Asia and Latin America logistics business
- Columbia Group acquires two new companies
- APL names regional heads
- Cathay Pacific stats show Sars suffering
- Qantas suspends Rome services in favour of codeshare deal
- Airbus opens engineering facility in Moscow
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| JUNE 16, 2003 |
- Shreyas Shipping plans to acquire 2 box vessels this year - Feeder operator awaits Board’s nod
- Shipping Ministry seeks Planners’ financial support for Vallarpadam CT spadework - Dredging, port & rail connectivity
- Automobile firms eyeing Pak LCV market
- Open warehouse in US for rubber goods, Worldlink urges Capexil
- Steel exports soar by 40 pc in April-May
- Tobacco exports projected to touch 1.15 lakh tonnes in 2003-04
- Jaitley beckons US investors to SEZs/AEZs
- TCS top software exporter in 2001-02
- Jewellery exporters eye European, W. Asian markets
- Mauritius holds out paradise for IT investors
- Vizag Port Trust records highest-ever operating surplus of Rs 210 cr. in 2002-03
- New Mangalore Port to witness surge in cargo throughput in 2005 - Rail link with hinterland racing to completion by Dec. 2004
- GAIL fancies stake in Shell’s Hazira terminal
- ChPT abandons move to levy cargo cess to fund VRS
- 4 foreign firms among 12 in race for box terminal at Kandla Port
- Aluminium makers’ output spurts in May
- Industrial production registers 4.9 pc growth in April 2003
- Corpus fund to build SEZ infrastructure on cards
- Pomegranate AEZ to take shape in Maharashtra
- Most investors prefer Bangalore-survey
- Paddy buying norms for Orissa eased
- CII switches focus to promising Kyrgyzstan market
- Iran keen on railway, road links with India-Envoy
- D. C. Gupta is new Fin. Secy, Narayan moved to PMO
- CII to lead CEOs’ team to China this week
- Exim Infoline new boon for trade
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| JUNE 13, 2003 |
- African market snapshots
- Australia: No IFO supply in Adelaide as refinery closes
- Gibraltar's strike threat lifted
- Ecuador: Oil workers strike hits bunker market
- True Worth Index with high/low figure now on-line
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| JUNE 16, 2003 |
- Malaysian Airlines back in the black
- David Lim to become new president and CEO of NOL
- Genoa and Barcelona increase SSS for hazardous cargo through IT
- TNT: Memorandum of understanding with China Post
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| JUNE 13, 2003 |
- Norway blocks Finnish demands
- Sparks are flying in shipbuilding dispute
- A P Møller merger agreed
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| JUNE 12, 2003 |
- Ridge announces port security initiatives
Secretary of Homeland Security Tom Ridge has announced new port security initiatives and investments to provide increased international cooperation, greater use of technology, and additional funds for port security facility enhancements.
- Senators oppose raid on Waterways fund
Twenty-three Senators have written OMB expressing opposition to a Bush budget proposal to tap into the Inland Waterways Trust Fund
- South Korea plans WTO counter suit
South Korea is set to file a WTO counter suit in response to the EU request for a panel to investigate alleged shipbuilding subsidies offered by the Korean government.
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| JUNE 16, 2003 |
- Energy minister Wilson quits
OIL industry executives are preparing to welcome the new UK energy minister this week after the resignation of Brian Wilson.
- Court ruling questions validity of PDVSA sackings
A KEY ruling in a Venezuelan administrative court has given hope to thousands of oil workers dismissed by Petroleos de Venezuela that they may be reinstated, writes Rainbow Nelson.
- EC vetoes liner discussion deals
DISCUSSION agreements as an alternative to conferences for the liner shipping industry have been ruled out by the European Commission to the dismay of carriers.
- Brussels appeals on line fees
THE European Commission is challenging a recent court judgment that annulled fines imposed on some of the world’s top shipping lines, writes Janet Porter.
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| JUNE 13, 2003 |
- High security for Gwadar
- Japan digs deeper for El Salvador
- Marriott & Co wins the Fairplay Cup
- Iran to secure $4Bn oil deals
- Court pauses PDVSA purge
- Panama behind in surveyor pay
- Genoa port rail workers end strike
- Capital increase for Comanav
- Kien Hung ships up for grabs
- Tokyo Marine readies cartel defence
- All change in Hong Kong
- US hands out $300M for port security
- Seafarer missing after explosion
- Euro lines see change as inevitable
- APL names new division heads
- Svendborg EGM seals APM merger
- Handling charges 'anti-competitive'
- Experts assess Emerald options
- EU targets liner competition
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| JUNE 13, 2003 |
- APL names unit chiefs
The carrier appoints new senior executives to lead Greater China, Asia/Middle East and Trans-Pacific.
- Korea port plans automated terminal
The Port of Gwangyang is planning to open what it says will be Asia's first fully automated container terminal by 2008, with 1.1 million-TEU capacity.
- USF Corp. cuts earnings guidance
- Indian box terminal to open this month
- Record month for Portland boxes
- BC Rail narrows loss
- Pacer International completes refinancing
- Sears expands Web-based SCI
- Columbia Group adds container, intermodal units
- BAX Global clears way for Concorde's U.S. finale
- Ciok first woman to lead New Jersey Motor Truck Association
- New port security funding
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| JUNE 13, 2003 |
- CMA CGM, Norasia, APL S.E.Asia/Europe string takes shape
CMA CGM, Norasia and APL’s new South East Asia/northern Europe Sundra Express service will add another east-west trade to the expanding repertoire of CMA CGM subsidiary ANL.
- APL reshuffles major trade managers
- Gwangyang undercuts bold Busan transhipment discount
- Jan Pellens takes forty years experience from HNN to Antwerp Port Federation
- Solution sought for boxes aboard grounded APL vessel
- New Indian terminal allowed to undercut Chennai charges
- Tauranga growth prompts crane-buying spree
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| JUNE 13, 2003 |
- US dishes out $170m in port grants
CITGO the big winner in latest round of security funding.
- Bergesen rolls out second LNG newbuilding
New owner Sohmen-Pao gets first glimpse of new LNG fleet.
- FH Lorentzen moves up a gear
Ship sale helps Fridtjof Lorentzen’s bulker operation to higher profit in 2002.
- Minister flags up Zim privatisation
Ofer Group's Israel Corp not expected to fight government sell-off moves.
- Dubai Shipping orders tankers
Enoc subsidiary ups fleet with largest newbuildings to date.
- Chinese banks block steel imports
Ships being left in the lurch as finance houses renege on universally accepted letters of credit.
- US yard files for bankruptcy
Baltimore shiprepairer lays off workforce as it seeks protection from creditors.
- Damen pumps in the cash
Dutch shipbuilding group aims to modernise its Galati yard in Romania.
- Attention turns to refloating APL Emerald
Decision on what to do to Ofer boxship grounded off Singapore could come late Sunday.
- Pertamina ups bond issue
Indonesian owner aims to raise more cash for growing tanker newbuilding programme.
- Singapore slows at height of SARS
Port-related maritime activities appeared to go on hold at height of killer virus outbreak.
- Hope springs eternal for TMM in VAT case
New court ruling raises possibility that Mexican shipowner will pocket big tax refund.
- Changing of the guard at Dockwise
Heavy transport industry veteran Bert Bekker calls it a day at Dutch giant.
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| JUNE 13, 2003 |
- P&O Nedlloyd drops ship, ports from Europe/South America link
- "K" Line interested in buying stake in Shipping Corp. of India
- COSCO, APL centralize administration, accounts in Shanghai
- APL reshuffles regional management
- Crowley Maritime appoints Alford director of security
- Columbia diversifies into trucking, container equipment services
- U.S. goods imports down $2 billion in value in April
- Columbia diversifies into trucking, container equipment services
- AAPA applauds release of port security grants
- Portland sees record box and intermodal volumes
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