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| MARCH 18, 2003 |
Shipping News
- Gulf may be mined, warns US Navy
THE US Navy has warned the shipping community that sea lanes near the Persian Gulf may be mined by the Iraqi military or those sympathetic to it.
- US Customs screening takes off in S'pore
A US Customs-driven programme aimed at screening US-bound containers and inspecting suspicious cargo in a bid to prevent terrorists from exploiting maritime transport, officially became operational here yesterday.
- War fears spur boom times for oil tankers
THE world's tanker fleet is seeing boom times with limited ship supply and as war in Iraq looms large, allowing ship owners to raise prices.
- HK's OOCL earnings down just 16%
HONG Kong's Orient Overseas International Line's 2002 results exceeded expectations, recording just a 16 per cent fall in its bottom line profit at US$51.7 million .
- 3 die as China ship sinks after collision
TWO mainland Chinese cargo ships collided near an outlying Taiwanese island, causing one vessel to sink and killing at least three of its crewmen, Taiwanese police said on Sunday.
- Wanted: burial ground for US 'ghost fleet'
US OFFICIALS have begun searching the globe for shipyards that would take and break down for disposal the 'ghost fleet' - the toxin-laden, discarded naval vessels now deteriorating on Virginia's James River.
Air and Land Transport
- SriLankan Airlines eyes maiden profit
FRESH from winning a string of international accolades, SriLankan Airlines aims to break even for the first time next year, while expecting a small operational loss for the year ending this month.
- Cathay will not check in travellers with flu symptoms
- Sydney Airport confident of meeting earnings target
- El Al sees traffic slump, cancels flights
- Australia in human trial for blood clot test drug
- China Southern Airlines net profit rises 69.2% in '02
Bulletin Board
- Bulletin Board
The Panama Canal Authority has appointed six new members to its advisory board.
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| MARCH 18, 2003 |
- ABX managing director takes own life: industry stunned
- OOIL turns in mixed results for 2002 but better than expected
- Portland commissioners give nod to Columbia deepening
- EAF restore East Africa rates
- P&O Nedlloyd plugs new online services on home page
- Schenker previews supply net solutions at Montreux
- Swiss International suffers US$723m loss in 2002
- American to raise fuel surcharge US$0.05 on March 24
- Iraq war will hurt airline industry, says ATA
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| MARCH 17, 2003 |
- Spring postponed in Montreal, barge back in Halifax
- US coalition gives up UN route - inspectors told to leave Iraq
- OPEC officials try to calm oil market
- African market update
- Oil prices firm as war appears imminent
- Rotterdam: Short validity in nervous market
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| MARCH 17, 2003 |
- Joint venture between CSX World Terminals and Yantai Port Authority
- Nassco awarded by California Environment Protection Agency
- Eagle Inc posts 4Q and full year 2002 results
- Velant names Ron Gable for President
- A good year for outsize cargo market
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| MARCH 17, 2003 |
- Supply vessel rescues refugees
- WW criticised for supporting US war effort
- ITF: Parliament vote "a major step forward"
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| MARCH 17, 2003 |
- Navy warns on mines, oil releases
The U.S. Navy's Maritime Liaison Office (MARLO) in Bahrain last week issued advisories, on the subject of mines and intentional oil releases into Iraqi waters
- Powerful tugs from Chinese yard
China's Zhuhai Shipbuilding Industry is currently completing a pair of powerful tugs for Hong Kong's Big Fair Industrial Limited
- New Zealand detains P&O Cruise ship
Passengers report "sloshing water"
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| MARCH 17, 2003 |
- Mexicana Airlines will link Portland with Guadalajara
- COSCO turns bunker fuel arm into joint venture company
- Port of Shelton delivers $1 million surplus in 2002
- Crowley Liner Services adds third sailing from Gulfport
- Coast Guard helicopters from Astoria respond to pair of surf emergencies
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| MARCH 18, 2003 |
- Jail fear prompts owners to shun Prestige hearing
FEAR of being extradited on Prestige-related charges and flung in jail will keep the owners and operators of the sunken tanker from attending this week’s public hearing on the disaster in Brussels.
- Bow Eagle watchman made ‘scapegoat’
A FRENCH lawyer has claimed that the watch officer of the Bow Eagle has been made the scapegoat for the failure of his ship to stop after it had collided with a French trawler in the English Channel last summer, leaving four of its seven-man crew to their deaths.
- Leaking cruiseship Pacific Sky has history of structural problems
A P&O cruiseship forced to return to port after taking on 17 tonnes of water has a recent history of structural wastage problems and weather damage, Lloyd’s List has learned, writes David Osler.
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| MARCH 17, 2003 |
- Domincan Rep awaits gas ship
- Cruise majors warn of tough quarter
- Port operator given ultimatum
- Sara seafarers repatriated
- Pacifica 'not for sale'
- Brokers warn of Cape Asia weakness
- Karachi zone for Afghan rebuilding
- Philippines ports battle over cars
- Ferry price war breaks out in Italy
- Cracks in the Sky let water in
- Photo shop fire prompts concern
- P&O cruise aborted in Pacific
- Westport investor may pull out
- RCL ventures into Chennai sector
- Korea raises stevedoring charges
- UAE tightens crew checks
- Gulf on 'highest alert' for spills
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| MARCH 17, 2003 |
- Customs advises on cargo security
The Customs committee report re-emphasizes the industry's desire for a security regime that will not impede the flow of commerce.
- War fears push tankers to all-time high
Supertanker rates soar as traders rush to stock up on crude ahead of a final countdown to a war with Iraq that could disrupt supplies from the Mid-East.
- Belgium threatens to bar U.S. military from Port of Antwerp
- Singapore implements Container Security Initiative
- Fuel charge hikes by Korean Air, Emirates
- Northwest bumps rates on Asia-US imports
- Sri Lanka, Indian ports to get new shipping links
- Cargo helps China Southern profit
- DFW gets first non-stop cargo service to Mexico
- DHL tabs VP of LatAm planning
- Hardwood importer chooses Jaxport
- Batangas gets auto call
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| MARCH 17, 2003 |
- Shippers: Transpacific rate gains are no foregone conclusion
In spite of carrier determination to enforce rate gains on the transpacific this year, shippers continue to assert that this is not a foregone conclusion.
- European shippers still waiting for improved rail freight
Users are not expected to reap the service benefits of the First EU Rail Package for several years, and many fear that it leaves former national rail monopolies in an unassailably dominant position.
- Only C-TPAT companies will enjoy US Customs' expedited ACE treatment
- Hanjin operating profit dives
- Oil prices drive up cargo costs in ANZ trades
- Cost hikes tempered in growing S.Korea ports
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| MARCH 17, 2003 |
- Frontline bangs war drum
Conflict could push freight rates to new highs predicts Tor Olav Troim.
- Euronav continues VLCC sell off
Owner lured by red hot tanker S&P market but are there more sales to come?
- B&N sells Bergon
New chief Hakan Larsson puts a "For Sale" sticker on more bulkers.
- OECD moves to lift corporate veil
Secret ownership of ships may be casualty of war on terror.
- Another price hike at Delmas
Eastern Med to West Africa box rates to jump in April.
- Navibulgar reflags three ships
Two bulkers and boxship used as mortgage collateral return to domestic register.
- UK Club issues Iraq warning
Comply with UN sanctions or risk cover warns Argosea P&I insurer.
- Breakers claw in second VLCC of 2003
Strong prices look set to hold across all regions while tonnage remains elusive.
- ULCC chartered for storage
Tanker expected to tranship disputed cargoes loaded out of Iraqi port.
- JLM sues Stolt and Odfjell
US petrochemical company alleges chemical tanker market carve-up.
- Samskip wins currency lottery
Exchange gains propel Icelandic line to profit in 2002, after losses the year before.
- Kiwis hold P&O's Pacific Sky
Veteran cruise liner detained in Auckland port after inspectors find "significant" corrosion.
- Carnival bookings stagnate
US cruiseship giant says business remains at 2002’s levels, despite capacity increase.
- Izar forecasts slimmer loss
Spanish shipbuilder has met obstacles on path to recovery.
- Halim Mazmin buys Kien Hung boxship stakes
Malaysian shipowner has acquired the outstanding shares in two modern feeder containerships.
- Korea Line shifts back into the black
But sales crash back for Seoul-based shipowner.
- RCL and Samudera ink S'pore-Madras link
Intra-Asian lines to launch a weekly service connecting Lion Republic, Malaysia and India.
- P&O, Hapag Lloyd and OOCL tap Vietnam
Lines combine to offer weekly service linking Ho Chi Minh with world's second largest economy.
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| MARCH 17, 2003 |
- Management Dynamics updates software
- CCNI starts Asia/South America/Australia multipurpose link
- U.S./Caribbean carrier group introduces customs entry charge
- Senate Commerce Committee moves air-cargo security bill forward
- Con-Way names Schewchuk top security manager
- MSC to raise U.S. inland fuel surcharges
- Dependable auto signs with horizon services to manage shipments
- Nextlinx, shipping solutions link applications
- Kroger expands use of Elogex’s network software
- Exel signs Laufen in U.S., Sia in U.K., Hitachi in Europe
- BDP issues wartime advisory for shippers
- COAC proposes shorter timelines for advance manifest filing
- U.S. Seaway Authority raises toll
- CSI operational in first Asian seaport
- U.S. administration "dissatisfied" with Japanese port reforms
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