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| SEPTEMBER 18, 2003 |
Shipping News
- War risk premiums cut for ships calling Yemen
A hard-fought reduction in war risk surcharges applied to Yemeni ports could see PSA Corporation salvage some of its Middle Eastern business and lure back customers who abandoned its Aden Container Terminal after a terrorist attack last year.
- First S'pore ship achieves ISPS compliance
THE first ship in Singapore's fleet achieved compliance with the new strict International Ship and Port Facility Security Code yesterday - 10 months ahead of the looming International Maritime Organisation's July 2004 deadline.
- Tsakos Energy to sell remaining four single-hull tankers
TSAKOS Energy Navigation, a Greek owner of medium-sized oil tankers, plans to shed its remaining four single-hull vessels by the first quarter as customers favour double-skinned units and new laws limit trading.
- 4 ships damaged in typhoon: Daewoo
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said four liquefied natural gas vessels it was building were damaged during the strongest typhoon to hit South Korea in a century.
Air and Land Transport
- Virgin unveils trans-Tasman budget carrier
VIRGIN Airlines unveiled its latest budget carrier yesterday, Pacific Blue, intensifying a fierce price dogfight on routes over the Tasman Sea and to key South Pacific destinations.
- China to buy more than 1,900 airplanes by 2020: report
- GE expects to win US$250m Air China engine deal
- Air China aims to be No 1
- THAI to start China, India, Laos services
- Critical factors yet to be resolved: KLM, Air France
Newbuilds
- Boxship orders extend yards' backlogs
THE appetite of the big container shipping lines for new tonnage seems almost insatiable and remaining building slots for large tonnage before 2006 are getting scarce.
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- China Shipping adds another vessel to fleet
- Wan Hai poised for direct shipping between Taiwan and China
- Con-Way moves to pay for e-business incentive
- Contship looks to Indian sub-continent growth
- World's container ship capacity exceeds 5.9m TEU: NYK report
- AADA to hike rates from October 1
- APL makes it 11-in-a row for Baxter award
- KLM and China Southern to offer joint cargo services
- Mid East, Far East helps FRA's August cargo volume to grow
- Cathay extends codeshares to more US cities
- Iberia's finance chief named to top IATA post
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- PIL commences services ex-MICT
- Contship aims to keep pace with growth in Indian Subcontinent
- SCI sell-off stalled again
- Lalbhai Trading moves maiden container ex-ICD-Sabarmati to MICT
- IPBCC cuts BAF levy by $ 85 per TEU
- Use North-South Corridor to increase trade with CIS nations, govt official tells Fieo
- Dumping duty on Chinese-made measuring tapes
- Edible oil imports go up 24 pc in first 10 months
- Vizag Port highlights competitive edge, facilities - Soya processors hold ‘open house’ at Nagpur
- Radio data terminal introduced at Visakha box terminal
- ADB authors report to upgrade transport systems covering 4 Asian nations
- Kochi-Colombo ferry service on cards
- Emirates flies 52,430 tonnes freight in Aug.
- Iran may supply LNG by tankers to India
- Sugar output touches 19.96 m. tonnes
- India can’t cut farm subsidies: Jaswant
- Trade Marks Act comes into effect from Sept. 15
- Subsidy for powerloom sector hiked to 20 pc.
- Jagatik Chamber to hold ex-im training programme
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| SEPTEMBER 17, 2003 |
- Australia: Bunker supply resuming at Port Kembla
It has been about a year since Manildra Park Pty. Ltd. bought the BHP Transport Bunkering Facility at Port Kembla south of Sydney, Australia, and about 18 months since bunker supply ceased in the port as BHP Transport decided to get out of the bunkering business. Now at last news are emerging that Manildra Park Pty. Ltd., under the trading name Port Kembla Marine Fuels, is getting ready to resume supply of marine fuels at the port.
- Upcoming OPEC meeting may halt oil price fall
Oil traders will be weary of triggering a supply cut from OPEC next week by sending oil prices into the lower end of the cartel's $22 to $28 target range. The OPEC crude basket value yesterday was $25.59 per barrel.
- US distillate deficit disappears as heating oil supply improves
- Crude falls further after solid US inventory gains
Oil prices fell yesterday in anticipation of weekly US data showing gains for crude and oil product stocks and fell further today after weekly data showed bigger inventory gains than market expectations. US crude imports soared to the highest level on record.
- Baltic remains a hotchpotch of avails, demand, and weather
The Baltic region is a mixture of fortunes today, with some ports enjoying much better avails than others and demand levels good for some ports, bad for others and for one Baltic port a kind of mixed blessing.
- Piraeus bears prepare for autumn with a little prod from crude
- Rotterdam moves down with crude, halts losses at noon
- Korean bunkering fully restored in Maemi's aftermath
Korean bunkering has fully recovered from the effects of typhoon Maemi, but reduced shipping due to extensive damage to facilities in the main ports means demand might take a little longer.
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| SEPTEMBER 17, 2003 |
- GeoLogistics Americas names James Seiple VP Air Products
- Gulf Africa Line acquires 5th vessel
- Emirates unveils plans for South Africa
- Gefco: new Germany/Greece blocktrain
- SGL presents annual award to Swiss Corps for humanitarian aid
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| SEPTEMBER 17, 2003 |
- Five new gas ferries
- Discrimination against foreign seafarers escalates in US ports
- Norden orders in China
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| SEPTEMBER 17, 2003 |
- International Trade Commission publishes trade paper for 2002
- Boeing predicts China will need 2,400 new planes
- Port of Vancouver, USA welcomes vessel on maiden voyage
- Federal screeners gain ally in centralized information system
- Tsakos Energy Navigation places orders for Suezmax tankers
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| SEPTEMBER 18, 2003 |
- National Insurance victory for owners after Treasury U-turn
BRITISH shipowners will continue to be allowed to avoid National Insurance contributions, after a government U-turn on plans to end the offshore contracts loophole.
- EC defends treatment of lines
THE European Commission has hit back at suggestions that it "loathes" the liner shipping industry.
- Spain red-faced in Mangouras papers muddle
ONE line of attack being pursued by the Spanish government in efforts to pin blame for the Prestige spill on the tanker’s master and owners appeared on the verge of collapse yesterday when it was verified that Capt Apostolos Mangouras was properly certified.
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- Boost for Mexican builders
MEXICO’S shipbuilding industry would be modernised as part of the government's plan to rejuvenate the ageing tanker fleet of state-owned oil company Pemex....
- Talcahuano bid restrictions lifted
CHILE’S CPC anti-trust commission has granted a waiver to allow the country’s largest port operators the opportunity to bid for the port of Talcahuano....
- Overhaul investigations, says Payer
THE maritime industry must overhaul the whole process of casualty handling and investigation if it is to avoid restrictive and ill-thought-out legislation says Dr Hans Payer....
- USCG issues Marpol guidelines
THE US Coast Guard has issued new voluntary guidelines for US-flag vessels designed to help them conform with Marpol’s new Annex IV for preventing marine pollution....
- Syria to tighten marine pollution laws
SHIP owners face tougher penalties under new marine pollution control laws being drafted by the Syrian government, officials in Damascus say....
- Greeks warn of double trouble
- UK services reach £1Bn
- Mexican giant to rebuild fleet
- Russian yard plan faces scepticism
- New blow for rejected sheep
- Ferry master rapped for overloading
- Kuwait pushes for Gulf port union
- Over 2,000 Busan boxes damaged
- Cosco plans for dramatic growth
- Double standards on double-hulls
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| SEPTEMBER 17, 2003 |
- Ports, carriers brace for hurricane
Ports and ocean carriers serving the U.S. Mid-Atlantic region are preparing for the arrival of Hurricane Isabel, which is expected to make landfall on Thursday.
- China fueling record bulk rates
Bulk ocean freight rates have hit all-time highs as charterers compete for a dwindling supply of vessels to transport surging exports of coal and other commodities to China.
- Cutbacks hurt FedEx earnings
Restructuring of express drops first-quarter earnings to $128 million against $158 million a year ago.
- CN terminal boycott ends
- Booming China port to get more berths
- KLM, Air France confirm alliance talks
- Tripartite shippers support supply-chain security
- UPS bomb threat a hoax
- Hurricane bumps COAC meeting
- PBB acquires Canadian 3PL
- KLM, China Southern offer joint cargo service
- S. Carolina court rules against terminal plan
- Rail union president indicted
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| SEPTEMBER 17, 2003 |
- Truckers return to Toronto intermodal terminals accelerating
Cartage firms and independent drivers are returning in increasing numbers to Toronto's intermodal terminals following key initiatives announced in the past few days by intermodal terminal operators.
- Dutch Government hints at imminent Maasvlakte II decision
Dutch Transport Minister Karla Peijs spelt out government transport policy plans yesterday, which hinted at a final decision on the Maasvlakte II project.
- No more big gains but charter market to remain buoyant
- Hemmingsen takes terminal role as APMT moves to The Netherlands
- Tidal wave floods Busan containers
- Southern USEC bracing for Isabel’s visit
- Owners’ market will continue into 2004 predicts UBS
- Ningbo reveals ambitious expansion plans
- Mediator reschedules Canadian west coast talks
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| SEPTEMBER 17, 2003 |
- Ditto for Stolt-Nielsen SA
Woes at offshore division cause parent company to breach own covenants.
- Shipping braced for Isabel
East coast ports prepare for total lockdown.
- Stolt Offshore issues profit warning
Yearly losses to exceed $125m, as Stolt-Nielsen SA says no to future handouts.
- Skuld passes reserve test
P&I club to boost funds with bridge financing facility despite return to profit.
- Papachristidis issues wake-up call
Tanker owner wants new safety laws for yards and operators - and no escape route for substandard players.
- EC vetoes Alstom aid
France has until Monday to toe European line on finance for the company.
- BG wants to rule LNG waves
LNG CEO Betsy Spomer says will use mix of chartered and owned ships.
- Baltic launches derivatives-led products
Exchange rolls out its ship valuation and forward freight assessment tools.
- HMM extends Thor Dahl charters
Deal gives Norwegian owner chance to "do new things."
- Pertamina details bond issue
Indonesian state oil company prepares to go out to investors next month.
- CH Offshore gets nod on fresh equity
Singapore Stock Exchange has approved plans by Chuan Hup subsidiary to issue new stock.
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| SEPTEMBER 17, 2003 |
- MOL ends Europe/Africa services, joins Delmas and OTAL
- ESC concerned about slow pace of carrier antitrust review
- Tanker makes maiden call at port of Vancouver
- Tripartite Shippers’ Group unites against conference immunity
- OSHA proposes allowing vertical tandem container lifts
- KLM, China Southern initiate cargo code share
- Greece, Turkey increase air routes
- Iberia Cargo chooses GF-X for electronic booking
- KCS works to revive Mexican rail deal
- Con-Way Transportation pushes electronic bill of lading
- NVO picks Management Dynamics software
- Dutch forwarder, European ports plan short sea link
- USTR considers trade impact of new EU entrants
- U.S. Customs awards 10-year technology maintenance contract
- PBB expands capability to handle perishables
- Meridian IQ takes on U.S. operations of GPS Logistics
- Panalpina appoints Brittin North America VP marketing
- Zuvich to lead KPMG Trade and Customs practice Zuvich to lead KPMG Trade and Customs practice
- Arzoon names Brannon-Ahn CFO
- TrenStar raises $34 million in first-round financing
- East Coast ports prepare for Isabel
- Port of Long Beach names Snyder marketing manager
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