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| JUNE 20, 2003 |
Shipping News
- S'pore bunkering industry given 2 years to meet new standards
SINGAPORE's bunker suppliers and surveyors have been given a two-year deadline to meet strict new government-enforced supply chain quality standards, or face losing their accreditation.
- Efthimios Mitropoulos is elected new IMO chief
VETERAN Greek maritime administrator Efthimios Mitropoulos has been elected as the new secretary-general of the International Maritime Organisation .
- Star ships coming back
STAR Cruises is bringing back two of its biggest ships, SuperStar Virgo and SuperStar Leo, to their homeports in Singapore and Hong Kong after a temporary deployment in Australia to escape the fallout from the Sars outbreak.
- Salvagers to cut up car carrier
SALVAGERS will start this week to cut up the wreck of a luxury car carrier which has proved a hazard to navigation since it sank in the English Channel, one of the world's busiest shipping lanes, six months ago.
- Australia fines Indonesian poachers
THE skippers of 31 Indonesian fishing boats confiscated after they were caught poaching off Australia's north coast have escaped with fines and warnings, but many remain in jail unable to pay the fines, officials said.
- 90 missing in China ship collision
A passenger ship and a cargo vessel have collided in heavy fog on China's Yangtze River, leaving at least 90 people missing, state press and local officials said yesterday.
Air and Land Transport
- Airbus jumbo catches carriers' eyes at Paris show
LINGERING doubts about the much-hyped A380 superjumbo jet are being laid to rest at this week's Paris Air Show as airlines line up to order the 555-seat giant being developed by European plane maker Airbus.
- Rolls-Royce seals US$150m Gulf Air deal
- Cathay gets approval to start HK-Beijing service
- Sars-hit Dragonair increases July flights
- Northwest 'to lay off 150 mechanics'
- MAS, Garuda sign code share agreement
Admiralty Casebook
- Shipper paying freight through consolidator assumes risk: US court
A SHIPPER that chose to pay ocean freight through a cargo consolidator rather than directly to the carrier assumed the risk that the consolidator might not pay the carrier, a US appeals court ruled last month.
Port Shots
- PORT Shots
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, won an order from TotalFinaElf E&P Angola to build an offshore plant worth US$135 million.
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| JUNE 20, 2003 |
- Exel unveils new Chinese name
- Essential dredging at Fremantle gets underway
- US announces $170m port security grants
- Efthimios Mitropoulos elected new IMO secretary-general
- New toll increases for Panama Canal from July
- U-Freight appoints new GM for Thailand
- Oakland addresses truck traffic and road congestion
- Horizon boss gets top US award
- China Southern sees cash cow in animal flights
- Emirates London Gatwick service brought forward
- BA Cargo get new Northern Ireland boss
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| JUNE 20, 2003 |
- Shreyas Shipping to enter box feeder market on East Coast by year-end
- G8 lines to implement peak season surcharge in Aug.
- China keen to strengthen ties with India
- Shourie fancies Chinese style of offering concessions to US cos
- Encourage oilseeds import instead of oil, urges SEAI head
- US may put Indian goods back on GSP - Restraint on steel exports stressed
- m.v. Aeolian Sun docks at Tuticorin Port with ODC tanks for Kudankulam N-power plant
- Kanara Chamber seeks cargo diversion to New Mangalore Port
- Airlines raise baggage rates by nearly 60 pc, courier cos upset
- Emirates signs $ 19-bn deal for 71 aircraft - Biggest-ever order in global aviation history
- NHAI to select bids for highway projects on least-cost basis
- Several myths & fears on service tax dispelled at CII seminar
- Pharma industry may get fresh sops
- Exim Policy Analysis - VI
- IMC discussion on art of making deal
- Jaitley may open CII’s Shanghai office on June 26
- AIAI meet with Laos PM today
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| JUNE 19, 2003 |
- Pacific Northwest markets tight, good demand
- Vancouver: Congestion clears as demand dies down
- Oil prices pressured by US inventory gains, Iraqi exports
Improved US crude stocks, high imports and news of the first post-war Iraqi oil exports weighed on the market today.
- First Iraqi oil exports scheduled, northern pipeline repaired
3 tankers are scheduled to begin loading a total of 3 million barrels of Iraqi crude from Ceyhan, Turkey, on Sunday.
- ARA avails mixed on bitumen season and loading issues
- Oil major refutes rumours of withdrawal from US market
Current tight avails for a number of players in the US Gulf Coast bunker market appears to have given birth to rumours that a relative newcomer to this market is pulling out of bunker operations in the area. The origin of these rumours are unclear, but were dismissed by a spokesman today.
- Is the current Japanese run of fortune sustainable?
With buyers now used to Japan being the cheaper option in the region, confidence in the lower levels offered by the country's market has grown significantly. Some players have expressed concerns as to how long avails will hold out in the larger ports in the country.
- Singapore bunkers firm on tight avails despite inventory gains
There appears to be a pretty dire situation for prompt bunker supplies in Singapore at present, which is keeping prices firm despite losses in the fuel oil cargo market and reports of ballooning on-shore stocks of fuel oil.
- Genoa still choked in bearish but stable Italy
- Singapore residual stocks reported at 5-month high
The build in inventories was attributed to the recent influx of cargoes from Northwest Europe, and in particular from Venezuela.
- Brazil: IFOs up, temporary suspension of Paranagua deliveries
- Rotterdam steady, market quiet
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| JUNE 19, 2003 |
- Patrick Bongers to head BAX-Global branch in Frankfurt
- Ecsa: Ship recycling meeting with Greenpeace
- Lufthansa's CEO forecasts recovery
- VTG-Lehnkering to hive off its bulk and special logistics activities
- Kuehne & Nagel: Lead logistics provider for new Siemens cell phone
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| JUNE 19, 2003 |
- New ro-pax’es to Norfolkline
- Frontline remains optimistic
- Russian navy shows its flag in the Baltic
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| JUNE 19, 2003 |
- Kvichak delivers Griffon hovercraft
Kvichak Marine Industries of Seattle, WA, together with Griffon Hovercraft, recently delivered a Griffon 2000TD hovercraft to Crowley Marine Services Inc.
- Yantai-Raffles wins jack-up order
China's Yantai-Raffles Shipyard has completed the negotiations for the construction of a new generation of self-propelled jack-up.
- Keppel Singmarine gets orders
Keppel Singmarine (KSM), the specialized shipbuilding division of Keppel Offshore & Marine, will build two Anchor Handling Tug/ Supply (AHTS) vessels for CH Offshore Ltd, and two harbor tugs for Maju Maritime Pte Ltd.
- IMO elects new Secretary General
Efthimios Mitropoulos of Greece will succeed William O'Neil
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| JUNE 19, 2003 |
- Greek maritime specialist named IMO Secretary-General
- Rail freight intermodal count rolls to positive total for week
- Italian port of Genoa joins Container Security Initiative
- Ceremony marks launch of second TOTE Orca-class vessel
- Cruise ship hits bottom in Prince William Sound
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| JUNE 20, 2003 |
- Kien Hung ships up for grabs again as sale fails
PUBLIC bids will be invited for six Kien Hung/Powick Shipping containerships, four of which are under arrest in Hong Kong, after a planned private treaty sale collapsed.
- Ferry firms lash French terror defence
FERRY operators have renewed their call for a level playing field on security issues, voicing concern that security was only going one way on the English Channel.
- Stelmar costs soar post-9/11
Stelmar Shipping chief executive Peter Goodfellow said security costs at the Athens-based petroleum transport company have risen almost 10% after the September 11 terror attacks.
- New chapter in Torm saga as Beltest raises stake beyond 30%
Manoeuvring in the shares of Torm, the Danish bulk shipping group, has taken a fresh twist, writes Tony Gray.
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| JUNE 19, 2003 |
- Have your say!
- Four seamen killed in tanker blast
- Police impound blast ship papers
- Shot in the arm for US cabotage
- CSI credited for arms seizures
- Owners face higher operating costs
- Dominican Rep. fights piracy stigma
- New South Port for Colombo
- Court rejects Kien Hung ship bids
- EU states see ‘terrorism’ differently
- Spark blamed for fatal explosion
- New box line from Russia to Germany
- Dutch shipyards cut their cloth
- Frontline: Very Large Cash Creator
- Space tightens as demand soars
- Antwerp bursting with boxes
- Conferences bid to streamline
- Adsteam gets vote of confidence
- Daewoo workers get 5 per cent rise
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| JUNE 19, 2003 |
- Strong May for Asia-U.S. box imports
Volumes remained relatively strong in May, a month that was supposed to be a lull before the peak season imports this summer and fall.
- Dept. of Homeland Security struggling to meld agencies, says GAO official
The General Accounting Office is reviewing how the Bureau of Customs and Border Protection is targeting cargo for further inspection and how that cargo is inspected at ports, a GAO official told a House subcommittee.
- West Coast lines, terminals to pay more for ILWU benefits
- Congress may look at bioterrorism law
- Sri Lanka slates Colombo expansion
- Rickmers christens ship
- Loadbook scuttles OrderPro buy
- Lufthansa sees 2003 loss, CEO retires
- Singapore Air cuts workforce
- Famous Pacific Shipping adds Algeria
- Rail link to Port of Brunswick reopens
- CSXT to cut up to 200 data-entry jobs in Fla.
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| JUNE 19, 2003 |
- Malaysian PSA subsidiary rocked by million-dollar fraud
PSA’s listed logistics arm, CWT Distribution, has uncovered a S$2 (US$1.15) million fraud at its Malaysian subsidiary.
- Environmental report into Cape Town congestion plan due next month
An environmental impact study into a four-year plan to invest about R800 (US$100.3) million in Cape Town harbour is expected by the end of July.
- Shreyas plans Indian east coast feeder debut, buys vessels
- Senator rejoins UA in Asia/Arabia service
- Rotterdam Port appoints Shanghai agent
- Private port operators demand repeal of India’s ICD directive
- S.Korean handling capacity to reach 17m TEU by 2011
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| JUNE 19, 2003 |
- Skuld rings up $28.6m loss
Douglas Jacobsohn turns to $25m loan facility to support reserves.
- Anthony's lament
Jefferies exec says tanker boys get no respect
- Spigots open in Ecuador
Oil strike 'suspended' but not yet over.
- Transpetro gets new boss
Veteran politician Machado takes charge of Petrobras' shipping arm.
- Flopec renews Pella charter
Deal between TEN and Ecuador state concern to continue for third year.
- Explosion rocks tanker off Fujairah
Four dead as ship completing STS transfer to World-Wide VLCC suffers blast.
- Tor Olav Troim redefines VLCC
The Frontline chief finds large tankers are more than crude carriers.
- Ferry sinks after collision on Yangtze River
Dead and survivors plucked from water in dense fog on Chinese waterway.
- Star Cruises redeploys SARS-hit ships
Asian cruise giant confirms dates for SuperStar vessels' return to homeports.
- Iraq Ceyhan loadings start Sunday
Turkey's Tupras due to ship first post-war Iraqi crude cargo.
- Hong Kong Shipowners Association axes staff
Director Aurthur Bowring says moves clear way for improved technical support.
- APL Emerald refloated
Salvage efforts successful as Ofer group containership hauled off rocks in Singapore Straits.
- Noble's Au calls it a day
Chief financial officer set to quit owner and commodities trader to concentrate on family business.
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| JUNE 19, 2003 |
- Swedish Club expects "balanced result"
- Drewry warns shipowners of increased costs
- Fourth new service in June at booming Yantian
- APL cooperates with CMA CGM/Norasia in Asia/Europe
- Evergreen, Yang Ming swap intra-Asia slots
- Yang Ming renews bulk, containership fleets
- IMO elects Mitropoulos as future secretary-general
- Chicago railroad project aims to speed freight movement
- Confreight starts Marseille/Tokyo/Yokohama service
- FMC probes Karouta Kennedy for alleged Shipping Act violations
- FMC cracks down on Merritts for Shipping Act violations
- Importer self-assessment program gains momentum
- AAEI fights attempt to reduce drawbacks
- Siemens Mobile names Kuehne & Nagel lead logistics provider
- U.S. protests Mexico restrictions on beef, rice
- U.S. meat exporters savor perceived benefits of CAFTA
- U.S., Spanish officials solidify cooperation on transport planning
- Study: China passes Mexico, Japan as electronics supplier to U.S.
- WTO seeks advice on future of the multilateral trading system
- DHL Danzas acquires remaining shares in Cormar
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