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| NOVEMBER 21, 2003 |
Shipping News
- Evidence shows Prestige structurally sound: ABS
THE American Bureau of Shipping says the first piece of steel recovered from the wreck of the Prestige 'strongly refutes' Spanish allegations that the vessel was in poor structural condition before sinking off the coast of Spain in November 2002.
- Russia to back EU moves to ban single-hulled tankers
IN an apparent about-face, Russian officials have said they will support moves by the European Union to ban all single-hulled tankers by the end of the decade.
- P&O to cut ferry capacity on Dover-Calais route
BRITAIN's Peninsular and Oriental Steam Navigation , feeling the heat from Europe's low cost airlines, is to cut capacity on its Dover-Calais ferry route that will result in 525 job losses, as it attempts to cope with tough trading conditions.
- Auckland's container volumes up
PORTS of Auckland Ltd, New Zealand's largest port, said it handled 13 per cent more containers in October than the year-earlier month.
Air and Land Transport
- Air NZ to join Qantas to appeal ban on alliance
AIR New Zealand said yesterday that it would join Australian counterpart Qantas in lodging an appeal against the New Zealand competition regulator's decision to block the two airlines from forming an alliance.
- Emirates seeks larger Boeing 7E7 jet
- Airline to fly to 6 new destinations next year
- Lufthansa Cargo planning rate cuts
- HK airport ready for privatisation in 18-24 mths
- Qantas employee gets Iata security award
Admiralty Casebook
- Broker can sue shipowner directly for commission
A BROKER that acted for a shipowner was entitled to sue the owner directly for its commission although it was not a party to the charterparties that included the commission agreement, an English court ruled earlier this month.
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| NOVEMBER 21, 2003 |
- G8 Forum to drop EBA
- Shanghai throughput up 35.9pc in October
- China Shipping now does takeaways from Shenzhen, HK
- Yichang aims at regional logistics hub development
- Throughput in Singapore rises in September
- Tianjin's throughput up 25 per cent in first 10 months
- Kuehne and Nagel to co-operate with the WM-Group
- Ezycargo launches Australia internet portal
- Yananyi Dreaming launches third Perth-Jakarta service
- TNT see Loke as man to lock Asian security
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| NOVEMBER 21, 2003 |
- Textainer Services announces opening of Mumbai Service Bureau - ...to provide US Customs’ 24-hour filing services to Indian NVOCCs
- MoS eases conditionalities in TAMP’s order on Major Ports’ tariffs
- Budhiraja heads panel to study Mumbai Port, JNP & Wadhavan conversion into ‘logistics hubs’
- Railways handles more freight during April-Oct.
- Big cities opened up to Asean airlines
- Blue Moon Express starts operating from Ahmedabad
- CONCOR’s first export train to Chennai Port flagged off from ICD-Tughlakabad
- Jaitley sure of achieving 12 pc export growth in 2003-04
- Apparel exporters seek early release of quota for Oct-Dec. quarter
- Exim Bank study on medicinal plants released
- Korean products to be on show at Pragati Maidan from Dec. 8
- We offer more trade opportunities: Mauritius PM
- Romanian team to speak at IMC today
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| NOVEMBER 20, 2003 |
- US West Coast firm, some demand
- Nervous ARA markets see heavy demand
- Singapore bunkers fall, then rise with crude
The high volatility in the crude market has made its mark on the Singapore bunker market this week. Many sellers raised their bunker numbers in the evening compared to earlier today.
- Singapore fuel oil outlook bearish as Chinese buyers stay away
Even a weekly draw in stocks is not enough to turn around the bearish feel in Singapore's fuel oil market, as recent Chinese import data show volumes coming from Singapore are shrinking. With slack bunker demand in November and more incoming cargoes, stocks are expected to rise again soon.
- Still no relief in sight for tight Japan
- Rotterdam slightly softer, prompt product tight
- Italy stability
- Istanbul bomb blast shakes market but supply goes on
Crude prices, which were weaker overnight and early this morning, rebounded on news of the blasts, adding a higher 'security premium' and also raising speculation that shipping movements through the busy Bosphorus straits may be disrupted. One of the bombs went off very close to local bunker supplier Baytur's office.
- New bunker team member for A/S Dan-Bunkering
- DOE data inspection makes crude price look too high
Although the US Department of Energy (DOE) prefers to look at current stocks compared to the 5-year average to get a good impression of fundamentals, the year-on-year picture can be quite revealing too, at least if we compare year-on-year US oil stock levels with crude prices at the same time last year.
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| NOVEMBER 20, 2003 |
- Cargolux opens office in Basel
- Minoan Lines: Fire on "Knossos Palace" quickly brought under control
- Finnair cargo increased 110% Jan. to Oct. 2003
- Conliner increases capacity on Austria Shuttle
- GLS raises parcel rates in Austria because of road pricing
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| NOVEMBER 20, 2003 |
- Kleven bags Bourbon orders
Two "post-Prestige" response boats to protect French coast
- American P&I Club ups rates
Continuing "hostile liability climate."
- NASSCO floats out Alaska class tanker
...and lays keel for next in series
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| NOVEMBER 20, 2003 |
- Houston-based MHR joins Marine Response Alliance
- Evergreen America Corp. moving back to Jersey City
- Annual holiday celebration set for Portland Airport
- Weekly rail traffic gains again led by intermodal segment
- NASSCO floats out hull of new tanker for BP
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| NOVEMBER 21, 2003 |
- EC port services directive ditched
EUROPE’S ports fear a legal broadside from Brussels as the commission’s controversial port services directive was narrowly defeated at a final vote of the European Parliament yesterday.
- Industry reaction to result of vote
It is a missed opportunity for the shipping industry.
- Nominate the best for a Lloyd’s List Award
NOMINATIONS are now open to all our readers for your choice to honour outstanding achievement in shipping over the past year in the prestigious Lloyd’s List Awards 2004.
- Reinsurers get ratings warning
AILING global reinsurers face mounting reserve charges and further credit rating downgrades, warned Standard and Poor’s sector chief as rival agency Fitch yesterday cut French reinsurer SCOR’s grading to junk status.
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| NOVEMBER 20, 2003 |
- MEPs kill EU ports directive
THE European Ports Directive was today narrowly rejected by MEPs by 229 votes to 209, with 16 abstentions. The ports directive, which has met widespread opposition from port workers, aimed to liberalise marine services within European ports
- Have your say!
TODAY’S rejection of the European Ports Directive was good news for the ITF but what does it mean for competition laws and efficiency?
- Starship captain arrested in Seville
THE captain of the Starship K was yesterday detained at the Spanish port of Seville for having 11 illegal crewmembers
- Costa trumpets Spanish market
Costa Crociere's chairman trumpeted Spain’s cruise market prospects at the launch of the Costa Fortuna, Europe's largest new cruise ship, in Barcelona yesterday
- UK ports happy with EU vote
THE UK Major Ports Group, which represents the biggest ports, is "very pleased" that the European Ports Services Directive has been turned down
- Ship arrested twice in Dublin
ALLEGED non-payment of crew wages amounting to over $20,000 has resulted in the 5,657dwt Unique being arrested for the second time in two weeks at Dublin
- ‘Significant progress’ on Appledore
- Greeks launch bareboat registration
- Russia denies single hull u-turn
- Greece ignores owner’s advice
- Activists scupper sheep export
- Russian miner denies icebreaker move
- Owners urge long-term shipping deals
- Korean yards await ship price rise
- Captain not aware of Straits rule
- Israel tables Suez alternative
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| NOVEMBER 20, 2003 |
- Final rules for cargo reporting
Department of Homeland Security releases advance electronic reporting details for ocean, air, rail and truck.
- Europe reject ports reform
Vote by European Parliament defeats plan to deregulate cargo handling and other port services.
- FTAA talks open amid protests
Protesters skirmish with police as delegates gather for free trade talks.
- New York 20% of way toward dredge funding total
- Progress on So. Cal. truck corridor
- Survey finds 3PL usage growing
- Hong Kong plots moves to counter port rivals
- Murmann to head Schenker’s U.S. unit
- October record for future exports indicator
- FedEx hub tabbed as new port of entry
- $17.5M for Wilmington dredging
- Nippon Express launches U.S. domestic service
- Martinair Cargo adds Tripoli
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| NOVEMBER 20, 2003 |
- UPDATE: Ports directive rejected, debate continues
Defeat for the Ports Directive today ended the official debate, but interested parties nevertheless issued a flurry of opposing statements.
- Korean shippers urged to secure ships on long-term contracts
In the face of a booming shipping market, S.Korean shippers are being urged to secure capacity through long-term contracts.
- MSC adds northbound Brazilian service
- Lloyd Triestino launches China-Black Sea service
- Senator Lines signs South American deal with MSC
- Volume increases boost CSAV profits
- Columbia River project receives limited funding
- New Terminal at Charleston Naval Base
- Shanghai benefits from pre-Christmas rush
- Network Rail announces increased costs but reduced debt
- Canadian Pacific Railway announces executive changes
- Security courses to beat ISPS deadline
- Kuehne & Nagel expands German logistics coverage
- MTL installs digital communications system
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| NOVEMBER 20, 2003 |
- Vela bids to take over Navigator
Offers 40 cents on dollar, but bondholders want fleet for themselves.
- ExxonMobil, Qatar Petroleum snap up Adriatic LNG stake
Edison Gas retains remaining 10% share in project.
- Seabulk thinking International
Kurz confirms Florida owner exploring world tanker role.
- Cloud over San Diego
Strike threat looms for Nassco's BP project.
- EC’s secret port hit-list
Commission to target competition rule breakers after ports directive sunk.
- Saint-Nazaire mayor pleas for yard
But Joel Batteux admits Alstom's woes have left town's workers in uncertainty.
- France fines Navibulgar and Gebab masters
Owners forced to pay out as French get tough on pollution incidents.
- Humpuss hits Philippines trail
Indonesian owner teams with Aboitiz Jebsens to launch boxship link between the two countries.
- BV chief makes case for class
But will he show off his juggling skills with tonight's Beaujolais Nouveau?
- Toei slips in first six months
Japanese reefer owner’s interim profit down, but it's forecasting better full-year result.
- Novoship OBO stuck off US
‘Maintenance issue’ keeps Russian gas oil carrying ship out of harbour.
- Masa-Yards workers down tools in protest
Finnish yard staff take a stand against lay-offs implemented this year.
- Nepline prepares to take vessel sale hit
Malaysian owner says performance will improve once two loss-making tankers are finally off its books.
- Busan hunts for authority head
Korea's largest container port is looking for someone to take charge after it moves from the public sector.
- Namura cuts losses
Japanese shipbuilder improves on 2002 in first half of this year, but remains in the red.
- Posco to hike plate prices
More cost pressures for South Korean yards as country's largest steel maker plans price increases.
- MMM gets green light for fund raising
Malaysia's Securities Commission has approved domestic owner's plans for Islamic bond issue.
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| NOVEMBER 20, 2003 |
- Lloyd Triestino joins CMA CGM's Asia/Black Sea service
- BAX takes Lykes' demurrage dispute to FMC
- EC will not appeal court ruling to cancel TACA fines
- EC advisors undecided on conference antitrust issue
- IATA director says states should pay for air transport security
- IANA reaches agreement on maintaining roadworthy containers
- Canadian National shuffles regional executives
- USTR advances on Latin free trade negotiations
- CITA's China quota reinstatement disappoints IMRA
- Pacific CMA reports 3rd-quarter results
- European Parliament rejects port liberalization directive
- Houston hires legal consultants, raises tariffs
- Port Manatee signs shipping agreement with Cuba
- Hutchison Whampoa shows interest in New Jersey port site
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