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| AUGUST 18, 2003 |
Shipping News
- Ransom paid, pirates free oil tanker captain, crew
THE Malaysian-flagged oil tanker MT Penrider's captain and two crew kidnapped last week by heavily armed pirates suspected of being Acehnese rebels, have been released after an estimated RM200,000 ransom was paid.
- P&O ports handle 26% more containers in 2nd qtr
PENINSULAR & Oriental Steam Navigation Co, the UK's largest shipping company, said its ports business handled 26 per cent more containers in the second quarter, while the number of cars and passengers on its ferries declined.
- Cause of collision
MARITIME authorities said the Polish crew of a Cypriot-registered ship was responsible for a collision in May that resulted in a Chinese freighter sinking.
Air and Land Transport
- US air services slowly being restored after outage
US travel disruptions may persist into this week, costing airlines such as Northwest Airlines and American Airlines tens of millions of dollars, as service is restored after the US and Canadian power outage.
- Qantas slashes fares on some int'l routes
- Gulf Air to start Sydney flights, resume Iraq services
- FAA grounds Learjet Model 45s for repair to tail part
- Swiss Int'l set to report H1 loss
- Air France's Q1 sales down
Liner Scene
- Are the good times back again?
THERE is no doubt that the overall message coming out of the liner shipping industry has been very upbeat in the past few weeks.
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| AUGUST 18, 2003 |
- Russia out of red and into black with VICS
- Cosco brings management company into operation
- Crowley sends cattle to Cuba after 40-year hitch
- OnePort's Empty Collection looks full of value
- Contship seeing service improvement after changes
- Cargo security forum
- SkyCargo to launch freighter services to Frankfurt
- Menlo top of the pile with Roche
- Gulf Air recruits get hands-on training in Bahrain
- City of Colorado Springs announces new airport director
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| AUGUST 18, 2003 |
- P&O Nedlloyd posts $ 11 m operating profit in Q2
- Contship Containerlines reports improved schedule integrity for eastbound service
- Canada Maritime’s Pacific Gateway Service benefits from strong regional networks
- Taca to hike westbound tariff
- U-Freight names new partner in Sweden
- Cp Ships commits to long-term newbuild charters
- RCL adds Ningbo to S’pore-Qingdao service
- Shipco appoints NPIL as new global agent in India
- Better deal given to shipping sector now: Sinha
- Seafood exporters told to counter dumping duty moves by US
- Garment exports dip in July
- Edible oil imports rise by 30 pc
- Port Pipavav sets new single-day coal handling record
- Railways cross steel freight target during April-July
- MM SEZ marks state govt’s paradigm shift in vision to encourage private initiative in core sector - CM : New economic hub by Indians under Indian environment - Nikhil Gandhi
- PM unravels Rs 100,000-cr. plan to develop & link ports to highways
- North-South Corridor: More nations keen to join pact
- N. K. Singh panel proposes fund to revamp textile sector
- Tirupur garment exporters seek common brand
- Exporters allowed to self-seal cargo
- Agri products export list may be expanded
- Govt pegs foodgrain export backlog at 53 lakh tonnes
- BMA workshop on ISO 9001:2000 on Aug 19
- New study proposes single currency for Gulf Co-op Council
- Flanders as gateway to Europe: Seminar at IMC on Aug. 20
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| AUGUST 15, 2003 |
- Singapore vs Korea TWI: Consistent pattern revealed
True Worth Index (TWI) is a new Index proposed by Viswa Lab Corporation to indicate the true worth of a bunker fuel. Dr. Vis decided to take a closer look at the statistics for the entire year of 2002 to compare Korean ports and Singapore.
- Nigeria closes border in bid to cap illegal "bunkering"
Nigeria temporarily closed its borders with Benin last weekend in a bid to reduce the occurrence of oil smuggling and other cross-border crimes. Thieves are siphoning off an estimated 100,000 bpd of crude oil, a practice known as "bunkering".
- Numbers level off but Japanese bunker demand remains low
- OPEC basket now above target for 10 days
OPEC is clearly reluctant to commit to a production increase at this stage in the game, waiting instead for the oil market to take a dip and thus let OPEC off the hook by taking the price of its basket below $28 before 20 days are up.
- Crude up on double threat to US oil and gasoline supply
The biggest power blackout to ever strike North America has closed at least five refineries. Refinery outages could not have come at a worse time, as we are still in the peak demand US driving season and gasoline stocks are already very tight.
- Rotterdam steady late morning
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| AUGUST 15, 2003 |
- D.F. Young announces promotions
- Vostochny International Container Services reports 48% growth
- Austrian Airlines serving Baku
- Pagnam uses inland navigation
- Kerry Logistics opens logistics centre in Thailand
- Inntal-Autobahn (Austria): New truck ban on the cards
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| AUGUST 15, 2003 |
- "Gdynia" blamed for "Fu Shan Hai" sinking
- Owners demand excemption from US visa rules
- Tordenskjold claims solvency
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| AUGUST 15, 2003 |
- Navy announces Virginia class contract
$8.7 billion "block buy" from GD and Northrop Grumman
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| AUGUST 15, 2003 |
- Rivergate industrial property receives sale nod by Portland port board
- Coast Guard sets safety zone around Tacoma bridge construction
- Coast Guard aids police in seizure of drug boat
- Port of Seattle selling pair of buildings to Charlie's Produce
- Rail carload numbers hit skids during July
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| AUGUST 18, 2003 |
- Big bill for oil spill tanker owner and P&I club
PAKISTANI port authorities will fine Polembros R10m ($175,000) for pollution caused by the break-up of the Tasman Spirit aframax tanker outside the port of Karachi, writes Martyn Wingrove .
- Stolt-Nielsen recruits insider to top job
STOLT-Nielsen is seeking to make a clean break with its recently fraught past by selecting an apparently low-profile insider to replace Richard Wingfield, the executive who is implicated in a US price-fixing investigation.
- Industry challenges Brussels on pollution directive
SHIPPING industry bodies have questioned the value of the European Commission’s proposed directive on ship source pollution which prescribed a range of serious criminal sanctions for pollution offences.
- Probes pose doubts over Odfjell orders
LENGTHY US and European cartel probe procedures hanging over Norwegian chemical tanker owner Od-fjell have raised fears that it will struggle to find as much as $250m required to replace ageing tonnage.
- BHP Billiton to build huge California LNG plant
ENERGY and mining group BHP Billiton is submitting plans to build a $600m liquefied natural gas terminal off the California coast to begin regasifiation operations in 2008.
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| AUGUST 15, 2003 |
- Blackout snarls express, rail service from East Coast to Great Lakes
Airlines, railroads and other logistics providers are struggling to resume normal operations after a massive blackout plunged parts of the northeast and midwest United States and Canada into darkness late Thursday.
- Taiwan expands Kaohsiung capacity
Government backing project to build second container terminal at the main southern port.
- Dragonair ends fight over China routes
- UPS raises dividend, boosts buyback limit
- Famous Pacific expands India services
- Norfolk Southern opens N.C. bulk hub
- Steady cargo quarter for Korean Air
- Foley resigns from NMFTA
- Qantas sets restructuring
- Transentric, SCO Logistics in chem alliance
- Turnaround for P&O Nedlloyd
- P&O Ports’ box traffic soars
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| AUGUST 15, 2003 |
- Government to arbitrate in China THC spat
Ministry of Communications (MOC) officials, shipping lines and shippers representatives will attend a hearing in Beijing next Thursday to discuss the legality of terminal handling charges (THCs).
- IADA chairman resigns as lines refuse to attend shipper debate
Kenichi Kuroya stepped down on August 12 as Intra Asia Discussion Agreement (IADA) chairman on the day the carrier group decided against attending the Tripartite Shippers’ Councils meeting.
- Power cuts delay trains but PNY&NJ is ‘op’s normal’
- Canadian west coast contracts enter mediation
- AWS completes sale of liner businesses
- China Shipping ties Yang Shan knot with Modern Terminals
- Magdeburg inland port investment needs to be matched by river development says state minister
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| AUGUST 15, 2003 |
- Pakistan says will fine Polembros
Spill from grounded tanker washes up on Karachi beaches as salvors monitor split hull.
- Cheniere charters first LNG carrier
Malaysia International Shipping Corp fixes out another gas ship.
- Navrom resurrects ancient steamer
Romanian owner has revamped 150-year-old vessel for use as a cruiseship.
- GSI banishes red ink
China’s Guangzhou Shipyard International up returns as orders roll in.
- Jadroplov breaks back into black
Croatian boxship and bulker owner escapes cycle of losses in first half.
- Oman LNG forecasts stronger profit
Middle East gas player bullish after selling all its product output for the year.
- Odfjell hooks up with Ahrenkiel
Owner says EC and US anti competition investigations will take time.
- Pertamina inks in four tanker contracts
Indonesian yards newbuildings from state giant.
- Bidcorp turning the corner
Slimmed down UK ro-ro owner cutting its losses after South African buy-out.
- HMM sees signs of recovery
Strong boxship sector helps breathe life into Korean owner.
- Thoresen Thai thriving
Better markets and big fleet changes boost Thai bulker owner in first three quarters.
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