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| AUGUST 20, 2003 |
Shipping News
- Qingdao port aims to be N Asia's transhipment hub
FRESH from securing nearly US$1 billion in investment from some of the world's top shipping names, the largest port in the Chinese city of Qingdao reckons it's ready to take on the busiest and biggest in the region.
- Modern Terminals in joint bid for massive Yangshan project
HONG Kong's Modern Terminals and China Shipping Terminal Development have joined forces in a bid to invest in China's massive deepwater container port of Yangshan.
- Prestige oil spill's damage likely to exceed Valdez's
THE damage caused by the oil slick from the Prestige tanker which sank off Spain last year is likely to exceed that of the Exxon Valdez disaster, according to a report released on Monday which criticised the Spanish government's handling of the catastrophe.
Air and Land Transport
- Air NZ cost cutting won't deter budget airlines
COST cutting by Air New Zealand was not enough to deter budget airlines and might in fact encourage carriers like Virgin Blue, the market regulating Commerce Commission was told here yesterday.
- SriLankan Airlines reports US$15m group profit
- BA 'not actively seeking' stake in Swiss Air
- Air France in talks to take control of KLM: report
- Austrian Airlines' July traffic up
- EVA sets up cargo centre in Brussels
Strait Talk
- In defence of open registers
THERE were some contrasting messages being broadcast last week about the crisis in Liberia.
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| AUGUST 20, 2003 |
- Prime treatment move by MOL to prevent corrosion
- CP Ships in for the long haul with new charter deal
- Westport claims new service only temporary
- COSCO brings management company into operation
- Hamburg hits the record books as tonnage goes through roof
- Malaysia Airlines goes back to school with Jeppesen
- Delta to put on more services as hub facilities grow
- Luxair takes on another Boeing Next-Generation 737-700
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| AUGUST 20, 2003 |
- 4th Aframax tanker joins SCI fleet
- A 1,000-mile journey begins with a step-Shatrughan Sinha - Shipping Minister presents SCI Fleet Safety Awards
- New DGS guidelines w.e.f. April 2004 - Chartering of oil tankers
- India in deal with Singapore traders to export 2 lakh t. soyameal
- Decks cleared for development of multi-purpose berths at Mormugao Port
- BCHAA signs ‘historic’ pact with TDWU
- Jet Airways wins Superbrand status
- Stronger infrastructure vital to boost trade, affirms Bajoria - India, Bangladesh chambers in favour of FTA
- US lawmaker favours public-private partnerships for infrastructure projects
- Indo-Mauritius trade pact to be reviewed in November
- RBI hikes import limit for mandatory documentary proof
- Ratindra Jang appointed GM, India, Air Canada
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| AUGUST 19, 2003 |
- Gulf Coast soft to steady
- Panama: Mediocre demand despite low prices
Indications in Panama are still riding below those in the US Gulf at the moment, but only just. The gap is closing and Panama's suppliers are hoping that differentials will soon be back to normal levels.
- Uruguay: One holiday, one strike day next week
- Fujairah numbers fall - for the moment
- Virtually no demand in Istanbul
- Crude little changed as fund selling outweighs headlines
Fund selling outweighed several bullish headlines in the market last night.
- Suez: Improved supply brings gasoil prices down
Hefty drops in the gasoil market have been prompted by improved supply for this grade. The average gasoil price now stands around $15 lower than this time last week.
- Hong Kong still a non-mover
- UK: Bunker broker move
- Rotterdam slightly softer this morning
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| AUGUST 19, 2003 |
- BA World Cargo: New country manager for Switzerland/Austria
- Scandlines on steady course
- Swiss reports half year loss of CHF 333 million
- DPWN may not acquire trans-o-flex
- ILS East Logistic Systems: Business in MOE is booming
- Provia’s first project with RFID technology
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| AUGUST 19, 2003 |
- Gard strengthen reserves
- TT-Line service to Helsingborg
- Single-hull ban likely in Pakistan after "Prestige"-like accident
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| AUGUST 20, 2003 |
- Floating resort community visiting Portland today
- Mitsui research finds shop primer
helps combat VLCC tank corrosion
- DOT plan calls for motor carriers to carry hazmat safety permits
- Corps eyes breakwater repairs requested by Port of Astoria
- Public meeting will cover Troutdale Airport master plan
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| AUGUST 20, 2003 |
- Soros fund tipped to buy Inmarsat in $1.5bn deal
‘Imminent’ sale will see US company and its partner Apollo Advisors fend off UK rivals Apax and Permira, writes Neville Smith
- Containership orders hit all time high
RECORDS were comprehensively smashed last month with containership newbuilding orders almost double the previous all-time high.
- Europe’s waterways hit a new low
SHIPPING on Europe’s inland waterways continued to suffer from low water levels, despite the rainfall earlier this week.
- UK trade imbalance leads to surcharge
ASIAN shippers exporting merchandise to the UK are having to pay a premium to cover Britain’s massive trade imbalance, writes Janet Porter.
- James Fisher hooks Storey for board
LEADING marine service provider James Fisher has strengthened its board with the prestige appointment of Maurice Storey, the former chief executive of the UK’s Maritime and Coastguard Agency, writes Tony Gray.
- Premium cuts to mean more Yemen calls
YEMEN is set to win back more tanker traffic after a London insurance initiative cut premiums for the second time.
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| AUGUST 19, 2003 |
- Big Chilean turns the corner
- Water returns to German Rhine
- China yard turns results around
- Chávez pushes oil cartel plan
- Open-hatch box ships gain favour
- Cash cow MTL delivers for Wharf
- Legal blow for maritime workers
- New player in Baltic action
- Box ship aground off Cape Town
- Low Rhine is good for some
- PNG officials sell fake licences
- India seafarers storm INSA office
- Union urges state co-operation
- Tech problems delay Jambo salvage
- Liberian aid ship ‘hit sandbank’
- Hanjin box index surges
- ASL bags $73M coal contract
- Hanjin Heavy shuts Ulsan plant
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| AUGUST 19, 2003 |
- DOT wants maritime upgrade: Official
A senior Transportation Department official said the agency remains interested in a plan to improve the country's "aging maritime infrastructure."
- NVO to file petition in UPS dispute
Ocean World Lines seeks "middle ground" in Federal Maritime Commission dispute over NVO contracts.
- Record boxes for Port of Hamburg
Container volume surged 14.9 percent, and all cargo by 7.2 percent, during the first six months of the year.
- Exporters want HMT refunds
- U.S. to mull limits on some China textiles
- DOJ asks for more info in Yellow-Roadway deal
- Kaohsiung boosts volume, rhetoric
- Cargo helps Swiss pare loss
- Setback for Nafta Rail plan
- STB to review small roads’ abandonment rules
- NAS: Create U.S. freight database
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| AUGUST 19, 2003 |
- Canadian forwarders demand government negotiates exemption from US reporting regulations
Canadian freight forwarders have demanded government action against third country trade information being made publicly available in the US claiming that it ‘compromises the competitiveness’ of Canadian exports.
- Maersk ship runs aground outside Cape Town
The 2,744TEU Sealand Express has run aground after dragging its anchor in heavy seas in Table Bay, near Cape Town, at 06.30 this morning.
- Contship claims Eastabout RTW is back on track
- CEC ‘logic’ leads to West Africa feeder
- Paranagua bids to comply with US security regulations
- US Rail network returning to normal following power blackout
- South China exports drive up Wharf revenues
- Maritime industry upturn boosts box builder
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| AUGUST 19, 2003 |
- Fred Olsen returns to dry trade
Improved market entices Norwegian tanker owner back into bulk carriers.
- MCA chief for James Fisher
Maritime safety chief Maurice Storey wastes no time in return to private sector.
- Solvang interims axed
Norwegian gas carrier player hopeful on second half recovery.
- Varun off to flying start
Profits triple at Indian tanker owner in first three months of financial year.
- Torm steams ahead
Klaus Kjaerulff reaps the benefit of strong products carrier spot market.
- SARS hits Star
Asia headquartered player bleeds red ink as bookings crash bites.
- China Merchants lines up port investment
Two of the Chinese giant’s subsidiaries team up to develop Zhangzhou.
- Rogue wave blamed for Spirit grounding
Pacifica says containership forced on to entrance bar at Auckland by three-metre swell.
- Oil killed the oysters
Appeal court rules against New Carissa owner in battle of the experts.
- Moller boxship beached
Storms batter stranded containership off the South African coast.
- Vietnam to build ships for Japan
Asia’s wannabe shipbuilder nets newbuilding export order.
- Srab creeps into profit
Small Swedish tanker owner moves out of the red in second quarter.
- Boom continues at Wan Hai
Taiwanese container line pushes up profits in first half on back of transatlantic trade growth.
- Strike shuts down Hanjin shipyard
Korean shipbuilder closes one of three facilities after staff walk out over pay.
- Seyang sails on up
Korean owner cashes in on strong market with expanded fleet.
- TMM toughs it out on rail sell-off
Mexican shipowner risks legal action after shareholders reject sale of rail unit to Kansas City Southern.
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| AUGUST 19, 2003 |
- Far Eastern Freight Conference raises rates
- Shippers' Councils attack terminal handling charges
- Pirates hold ship's officers ransom
- DHL-Airborne deal is final
- Alpine Air buys leased aircraft
- Railroads cooperate on Mexican gas imports
- Yellow lines up financing for Roadway deal
- DOT criteria for truck driver test
- Nason takes over as DOT congressional liaison
- U.S. weighs safeguards against Chinese textile imports
- Exporters go after harbor tax interest payments
- Calls for freight data collection
- Dixon to head Northeast Florida CLM group
- Moody's upgrades port of Los Angeles bond rating
- Port of Felixstowe Trinity Terminal expansion
- Australia stiffens penalties for pollution
- On-going safety training for seafarers
- Rotterdam: North American container trade up 8 percent
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