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| NOVEMBER 19, 2003 |
Shipping News
- PSA's China ops poised to beat growth forecasts
GROWTH at PSA Corporation's terminals in three key mainland China ports should exceed expectations this year, updated trade figures released by the Ministry of Commerce indicate.
- Frontline posts Q3 profit on higher tanker rates
FRONTLINE Ltd, the world's biggest operator of tankers that carry 1 million barrels of crude oil or more, posted a third-quarter profit as an increase in shipments boosted freight rates.
- Australia to fine cruise passengers who bring food ashore
AUSTRALIA's notoriously tough quarantine officials will issue on the spot fines to cruise ship passengers who bring ship food ashore.
- Hutchison submits expression of interest for NY port
HUTCHISON Whampoa Ltd, the world's biggest port operator, submitted an expression of interest for development of the Bayonne port project in New York, said John Meredith, managing director of the company's port unit.
- MOL in charter deal
MITSUI OSK Lines has signed a long-term transport contract for two newly built vessels with Shanghai Baosteel Group Corporation .
- Second 'ghost' ship arrives in UK
THE Canisteo, the second vessel in a fleet of controversial former US Navy 'ghost ships' has arrived at a Hartlepool, England, breakers' yard.
Air and Land Transport
- Qantas to buy Airbus jets for new carrier: sources
QANTAS Airways, Australia's biggest airline, agreed to buy single-aisle jetliners from Airbus SAS for the first time, extending the European aircraft maker's lead over Boeing Co with an order valued at as much as US$1.2 billion, people familiar with the matter said.
- New central Japan airport to be Asia hub: ANA
- New airline flies from Senai Airport to Indonesia
- easyJet's 28% profit fall bigger than expected
- Austrian, Lauda Air to combine crews
- B7E7 interior revealed
Strait Talk
- All eyes on Manila pay talks
LAST week's seafarer pay deal hammered out at the International Bargaining Forum at its San Francisco meeting, really is a watershed in industrial relations in the international shipping industry.
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| NOVEMBER 19, 2003 |
- South Africa rate hikes set for 2004
- China Shipping excels with Interbox
- Expert urges transporters to adopt loss prevention discipline
- Quality move for Australian Customs container detection
- Con-Way to implement surcharge to cover healthcare
- Cosco, Tokyo Senpaku Kaisha to start slot exchange
- TSA implements random inspections of air cargo
- Qantas director resigns
- Lufthansa chief sets course for profitable growth
- Volga-Dnepr gets on the Beaujolais beat
- ASTAR promotes two in finance department
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| NOVEMBER 19, 2003 |
- NOL’s net profit further improves to $ 294.6 m in third quarter
- Shanghai to be top port
- Lloyd Triestino launches new E. Med. service
- Famous Pacific Shipping expands in Australia
- Grand Alliance suspends bi-weekly all-water extra loader service
- FEFC to hike winter rates
- PIL, Goldstar launch Asia service
- COSCO records $ 9.7 m Q3 profit
- Zim-Canada ranked first again
- New shipping unit
- MISC’s 1st import container from MICT arrives at ICD-Sabarmati
- Sugar exports go up by 63 pc
- Garment exports rise by 13.02 pc in value terms during Jan-October 2003
- Exports of auto components likely to touch $ 2.57 bn by 2009: study
- Palm oil base import price hiked
- Milk, dairy products exports to meet with WTO standards soon
- EU curbs likely to hit textile exporters from Jan. 2005
- Call to develop container terminal at Vizhinjam
- West Bengal decides to privatise Kona truck terminal
- Largest lot of MSC cargo moved from ICD-Ahmedabad to
- Hassle-free, top quality services at CWC’s Kalamboli CFS assured
- CONCOR, VCTPL reach accord on movement of containers, tariff rates
- No mid-term change in import duty for steel: Finmin
- State to decide on Navi Mumbai SEZ bids by December 20
- CII, Sudanese Chamber set up task force to strengthen economic ties
- IMC delegation to attend Israel meet on exports today; likely to sign two pacts
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| NOVEMBER 18, 2003 |
- East Coast stays strong on supply concerns
- Turkey: Chemoil representative to move
- Buyers sidelined as Fujairah prices dip
- Singapore September bunker sales up, poor outlook for Oct/Nov
The Maritime and Port Authority of Singapore has issued preliminary estimates for the port's bunker sales in September, showing an overall gain of 1.2% from the previous month despite a drop in sales of the main 380cst fuel grade and marine gas oil (MGO). Gains in 180cst sales, MDO and phenomenal growth in sales of 'other' grades more than made up for the drop in sales of 380cst and MGO.
- Taiwan prices stable this week
- Hong Kong lacking sparkle as IFOs remain little changed
- Singapore eases as crude falls
Weak fuel oil fundamentals seemed to be holding prices down even before today's crude induced value loss.
- Correction: Bunker supply during holiday in Turkey
- Rotterdam softer, prompt avails remain tight
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| NOVEMBER 18, 2003 |
- Tana is new President of Tirrenia
- Marsano buys two off-the-peg ro-pax ferries from Visentini
- Swiss posts operating loss of CHF 62 million for Q3 2003
- Three new barge-pushboat combinations on Rhine
- Wincanton with massive increase in sales in first half of 2003
- Dutch minister considers road pricing for private cars
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| NOVEMBER 18, 2003 |
- Increased support for EMSA move to Sweden
- New Swedish shipowner aquires Nynäs tankers
- Only 20 ships left on order in Norway in 2004
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| NOVEMBER 18, 2003 |
- New Chairman for A.P. Moller-Maersk
Maersk Mc-Kinney Moller steps down
- First Manitoc Toledo newbuild in 15 years
110,000 bbl d/h barge for Hornbeck
- Prestige steel refutes poor maintenance allegation
... and a published "fax" has some curious features
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| NOVEMBER 19, 2003 |
- P&O Ferries axes 600 jobs
P&O Ferries is to axe more than 600 jobs on its Dover-Calais route as part of a restructuring exercise designed to strip out £15m ($25m) of costs.
- Russia rethinks its position on Brussel’s single-hull ban
RUSSIA has indicated to Finland that it will u-turn over its opposition to European Union moves to bring in an early ban on single-hull tankers and support its introduction by the end of the decade.
- London cashes in as brokers bulk up earnings
SOARING freight rates and increasing freight derivative volumes will bolster the shipbroking industry’s contribution to the UK economy this year, Baltic Exchange chairman Peter Kerr-Dineen told an audience this week.
- Queen Mary 2 walkway ‘was carrying double design weight’
The walkway leading to the Queen Mary 2 which collapsed at the weekend sending 15 people to their deaths was carrying more than twice the weight for which it was designed, a French radio station claimed yesterday.
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| NOVEMBER 18, 2003 |
- Further restructure at P&O Ferries
P&O Ferries has responded to the "disappointing trend in the [short-sea] tourist business" by announcing it plans to reduce the number of ships operating on its Dover-Calais route to six ro-pax ferries and one freight-only vessel
- Frontline 3Q short of expectations
FRONTLINE has reported a 3Q03 pre-tax profit of $37.9M, a sharp improvement from the $40.8M loss posted for 3Q02 but short of analysts’ average forecast of $47M.... Full story
- France Telecom axes French ratings
FRANCE Telecom Marine, which operates a fleet of cable layers under the French flag, is to axe 160 French seafarers in a bid to redress its alarming financial situation.... Full story
- Newbuilding standards 'unsafe'
CLASS societies are being ruthlessly exploited by shipbuilders, with the result that construction standards have "spiralled downwards", Basil Papachristidis has claimed.... Full story
- Tokyo threatens Equasis credibility
THE Tokyo Memorandum of Understanding on Port State Control has been accused of compromising the credibility of the Equasis database by not providing data.... Full story
- Karamitsos defends unilateralism
THE likely effects of unilateral European Union regulations have been exaggerated by industry critics, according to Fotis Karamitsos, EC director maritime transport.... Full story
- New York ferry captain testifies
- QM2 tragedy investigation under way
- Dubai Ports wins Black Sea jewel
- Club warns on traffic separation
- Bremerhaven retains WWL shipments
- Ust-Luga reveals expansion plans
- Israeli ports go back to work
- Frontline to be split in two
- HMM claims debt crisis sorted out
- Pelindo II heads for higher profits
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| NOVEMBER 18, 2003 |
- TSA imposes new security regulations
Transportation Security Administration will require random inspection of air cargo; foreign all-cargo lines must comply with same security procedures as domestic carriers.
- Shippers: Transportation costs to rise
National Industrial Transportation League members expect increases of 2 to 3 percent next year.
- U.S. moves on bilateral trade pacts
- Canadian National hikes storage fee at key box hub
- U.S. limits imports of Chinese textiles
- Thailand's Port of Laem Chabang boosts privatization
- New chairman for Maersk Sealand parent
- TNT Logistics signs Italy contracts
- Manna offers two niche services
- Global Trade & Technology Center offers courses
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| NOVEMBER 18, 2003 |
- Rotterdam being left to fund Second Maasvlakte
Rotterdam is capable of funding most of the second Maasvlakte itself, port alderman Wim van Sluis told ci-online today.
- Portland container traffic up by a third
- Port Newark drills emergency responders
- Geest North Sea plans Spanish shortsea service
- S.Korea's west coast developing new container facilities
- New chairman for AP Moller-Maersk
- Shortsea shipping agreement extended down Mexico way
- Three new bidders for JNPT terminal
- First distribution warehouse for Fos Distriport
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| NOVEMBER 18, 2003 |
- Skuld in new Scandinavian Star fight
Norway gives Danish victim legal aid to sue Oslo P&I club.
- Ferry captain speaks at last
NY probers say secret session 'went well.'
- RCCL moves out $350m bond offering
S&P cites leverage, capacity concerns in 'BB+' rating.
- ABS wins Canadian nod
Class society enters market with Ugland tanker.
- P&O talks tough on short-sea ferries
UK group could axe more than 600 jobs as it withdraws a ship from Dover to Calais service.
- Green Reefers bleeds red ink
No help from currency gains for Norwegian owner this time around.
- Navibulgar posts huge loss
Struggling Bulgarian owner limps on towards intended privatisation.
- Minoan Lines celebrates return to profit
Greek ferry owner’s policy of reducing debt burden has paid off.
- Maersk Mc-Kinney Moller steps down
Michael Pram Rasmussen (right) to take over board chair of Danish giant.
- GSI under the microscope
Financial watchdog to probe Chinese yard’s 2002 accounts.
- Schoolboy foulers
Tanker owners’ tricky trial by schoolchildren in WWF-inspired online debate.
- Fredriksen bags Shell tanker deal
Frontline becomes oil major’s exclusive VLCC period charter supplier.
- Masa-Yards eyes big ice-breaker order
Finnish shipbuilder in talks with Russian mining and shipping group over four-vessel deal.
- Samsung confirms Seaspan boxship deal
Korean yard says eight-ship giant containership order is for 9,600-teu vessels.
- Cosco Investment orders bulkers
Singapore-listed arm of Chinese giant bags berth space at NACKS.
- Big earnings leap for CSAV
Chilean container line enjoys strong third quarter, but costs rising.
- Frontline profit march slows
Weaker third quarter market puts brake on Norwegian tanker giant’s huge 2003 earnings.
- Fatal gangway was substitution by yard
French prosecutor gives details of events leading up to Queen Mary 2 accident.
- Hitachi turns it around
Japanese shipbuilder overcomes merger costs and sells online business to wipe out red ink.
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| NOVEMBER 18, 2003 |
- United States, EU agree pact on container security and customs
- Maersk Mc-Kinney Moller steps down as chairman of Danish shipping group
- Lloyd Triestino starts East Mediterranean feeder link
- OECD committee discusses incentives for safe ships
- U.K. agency allows storage of MarAd vessels, but no scrapping
- Express cargo consultancy to publish white papers
- RailAmerica names Conklin COO
- TT Club urges perishable transporters to reduce losses
- Embarcadero Systems introduces terminal gate system
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