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| MAY 21, 2003 |
Shipping News
- Higher compensation soon for victims of oil tanker pollution
INCREASED levels of compensation will soon be available to victims of pollution from oil tanker accidents following the adoption of a new third tier by the International Maritime Organisation last week.
- PSA makes changes to its high-profile advisory board
CHANGE would appear to be the order of the day at PSA Corporation.
- Asset sales, writedowns to push Adsteam into the red
AUSTRALIAN shipping group Adsteam Marine Ltd said it plans to sell non-core assets in a restructuring of its operations, and take a series of writedowns which will push it to a loss this year.
- Kwai Chung's container volume up
THE Kwai Chung container terminals, which handle two-thirds of sea cargo in the world's busiest port of Hong Kong, handled 5.4 per cent more traffic in April than a year earlier.
- Cruise ship not spared by war
IRAQI children swimming in front of the rusting Iraqi cruise liner al-Mansur, destroyed by US-British bombing during the war, in the Gulf waters of the southern port of Basra.
Air and Land Transport
- European airline traffic on Asian routes dives 29%
EUROPEAN airlines' passenger traffic on Asian routes plummeted 29 per cent the week ended May 11 as the spread of Severe Acute Respiratory Syndrome frightened people away from flying.
- MAS returns to profit
- Beijing airport's passenger traffic plunges 88.3%
- Finnair's Q1 loss widens
- CAL urges crew to take unpaid leave
- Maintenance, weight key issues in US crash probe
Strait Talk
- Drop FOC debate, focus on flag state initiative instead
BARRING unexpected problems the International Bargaining Forum , which will negotiate seafarers' pay rates on open registry ships, will be up and running by the end of this year.
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| MAY 21, 2003 |
- K Line more than doubles net income despite tough climate
- Grand Alliance to add sixth Asia/Europe loop this summer
- MOL restructuring logistics division into two groups
- Awards Shipping doubles service to Cebu
- Famous Pacific names new Pakistan agent
- Schenker opens production facility for Volkswagen
- Cargo keeps Dragonair going through Sars outbreak
- Korean Air Lines cargo revenues rise 8 per cent in Q1
- Large forwarders accounting for increasing share of Lufthansa revenue
- BAA calls for responsible UK aviation industry growth
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| MAY 20, 2003 |
- Daily Bunker market report from Praxis Energy Agents
- New barge expected end of June in soft Montreal
- Fueloil steady as marine distillate crashes in New York
- ABS vows to fight back as Spain files $5bn Prestige lawsuit
- Fujairah's resupply fails to ease tight avails
- St Petersburg steady, business as usual
- Hong Kong's market fails to move out of doldrums
- FSU fuel and gas oil exports jump in April
- Addax announces new JV bunkering service off-shore Morocco
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| MAY 20, 2003 |
- BLG to introduce security charge
- Air Canada's 2003 Q1 losses double
- Uzbekistan Airways resumes service
- Reopening of the Alfortville lock
- Exel to partner M&M in Central and Eastern Europe
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| MAY 20, 2003 |
- The end for Tangen Verft
- Slovenia member of the Paris MOU
- RCCL reacts to allegations
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| MAY 20, 2003 |
- Tough quarter for Star Cruises
Hit by factors such as SARS, Star Cruises has had a tough first quarter. Meantime, its NCL brand is pressing ahead with its U.S.-flag operation, announcing the names of its first two U.S.-flag ships today,
- Stolt Nielsen facing another probe
Stolt Nielsen is facing an investigation, led by the U.S. attorney in New Haven, Connecticut, probing allegations that the company broke U.S. trade embargoes.
- RCL "outraged" by Miami lawsuit
Royal Caribbean Cruises Ltd. issued a brief statement yesterday in response to a lawsuit filed late Friday regarding the taxes and fees it charges passengers.
- MAN B&W power for 112 m Incat
Four RK280 diesels delivering a total 36 MW will power Incat's first Evolution One12 wave piercer
- Austal releases details of military design
Austal is saying more about its 102 m military platform
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| MAY 21, 2003 |
- Home Office faces doubts on corporate manslaughter law
PLANS for a new UK law on corporate manslaughter moved a stage further forward yesterday with Home Office confirmation that a draft Bill will be published.
- France seeks tougher jail terms for illegal tank cleaning
TANKER and other masters caught cleaning their tanks at sea could face a 10-year prison sentence in future if the French parliament approves a new bill to be presented to it by the government this week, writes Andrew Spurrier in Paris.
- Spain hunts ships accused of dumping oil waste in Prestige slick
SPANISH maritime authorities are on the hunt for four ships that allegedly flushed their tanks and caused pollution while in transit off Galicia in the immediate wake of the Prestigedisaster.
- Stolt-Nielsen faces US probe on proscribed nations deals
ALLEGED dealings with Iran, Sudan and Cuba, countries designated by the US as state sponsors of terrorism, have sparked a criminal investigation of Stolt-Nielsen by the US Department of Justice, it was revealed yesterday.
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| MAY 20, 2003 |
- Spliethoff looks to expand
- EU pollution laws 'dangerous'
- White Sea breaks finance mould
- Further security funds released
- Seven killed in Alang blast
- RCCL 'outraged' by fraud suit
- S Africans talk tough on complaints
- Kogas chief exec arrested
- PDV Marina to review 'blacklist'
- DPA in frame for Umm Qasr
- Stolt-Nielsen faces trade probe
- Stevedoring pioneer dies
- Haldia wreck removal hits obstacle
- LR appoints chief operating officer
- Toll buys into troubled Tranz Rail
- Shippers' body eases consolidation
- India goes on strike tomorrow
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| MAY 20, 2003 |
- Penalties loom for '24-hour' violators
A U.S. Customs official said that the government is entering the "penalty phase" as part of its enforcement of the advance manifest filing rule.
- China charters push bulk rally
Rates for large bulk carriers are rising again, dispelling fears the SARS virus would slow activity in the world's fastest-growing shipping market.
- Report: U.S. probing Stolt blacklist trade
- Bangladesh kills SSA box projects
- FedEx Express debuts hybrid electric truck
- Exel wins Cargo 2000 approval
- ABX Logistics selects Rate Explorer for ocean services
- Martinair launches China freighter service
- Capitol International joins GF-X
- Malaysia carrier upgrading Penang air freight
- Scarbrough acquires Milwaukee forwarder
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| MAY 20, 2003 |
- Hong Kong’s first CT9 berth to be operational in July
Hutchison’s Hongkong International Terminals (HIT) will take delivery of the first of its two berths at Container Terminal 9 at Tsing Yi in July.
- South Korea fights to shift strike backlog
- Indian ports likely to be hit by one-day strike
- US trades: dramatic growth across several lanes
- PICT wins Karachi terminal concession
- Shared Inchon/Qingdao service launches next month
- Melbourne deepening unlikely before 2007
- Concor opens rail connections for competing Gujarati ports
- Profit drop fails to dent PSA's 'strong financial profile'
- Adsteam confirms return to core activity
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| MAY 20, 2003 |
- Sterling Investment forms new tanker firm
Connecticut investor puts together second US-flag operation with former Dow and Stolt ships.
- The Stochastic Oscillator speaks
Famous stock indicator says its time for Frontline and Teekay to go.
- Trico Marine signs new loan
Banks agree to $22m facility as part of extensive refinancing.
- Red dawn for Green Reefers
Relaunched Nomadic Shipping gets off to a chilly start despite better market.
- Montanari bags EU loan
European Investment Bank advances Euro 33m for ethylene carriers.
- DFDS slims loss
Fleet revamp and higher freight volumes help Danish player.
- Computer timed out on grounded ship
Pilot’s laptop blanks out at crucial point in entry to Brisbane harbour.
- SARS dulls Star
Virus crisis helps push Asian cruise line into the red.
- Sea World sent to the breakers
John Fredriksen catches market with ULCC sale but others prefer to wait.
- Auction set for Big Red Boat II
Elderly cruiseship finally goes under the hammer on 13 June.
- Stolt-Nielsen faces US probe
Top chemical carrier reported to be facing Iran trade criminal investigation.
- Hitachi Zosen sinks into the red
Japanese shipbuilder takes organisational cost hit as it cements yard merger.
- K Line sets up Houston LNG shop
Japanese owner looks to strengthen its participation in the US LNG transportation market.
- Alang tanker blast kills six
Over 20 dead this year in known incidents at Indian demolition yards.
- RCCL "outraged" by fraud slur
US cruise line hits back over accusations of stiffing guests with bogus taxes and charges.
- Noble sees strong first quarter
Profits and turnover jump at Hong Kong owner and trader but boss Richard Elman is not a happy bunny.
- BC Ferries reveals ferry sale costs
Operator details fees paid to auctioneers, accountants and advisors related to ferry disposal.
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