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| JANUARY 22, 2003 |
Shipping News
- Get onto 'good guy list' quick, USCG urges
THE international maritime community must pull out all stops to comply with new security regulations and get on the 'good guy list' to ensure smooth trading with the United States, urged Coast Guard Commandant Admiral Thomas Collins.
- Industry must be able to recover security costs
COMMERCIAL realities including efficient transportation and cost recovery are key to the success of enhanced security frameworks imposed on the maritime industry, according to both APL and the Baltic International Maritime Council .
- Terrorists more likely to use ship itself as bomb
TERRORISTS are more likely to use a ship as a weapon itself than to simply transport a 'bomb in a box', according to visiting security analysts.
- Concerted move needed to cope with threat
THE first major maritime security conference in this part of the world opened yesterday with some 400 delegates being told that there was no escaping the fact that the threat to maritime targets, including commercial shipping, is very real.
- S'pore monitoring hijack probe
SINGAPORE authorities have left Indonesia to investigate the recent piracy attack on a tug near Bintan Island that led to the death of one crew, but are monitoring the follow-up.
- Tanker sinks
AN oil barge carrying 1,000 tonnes of fuel sank overnight off southern Spain in rough seas.
- 20 arrested in Greenpeace protest against tanker
TWENTY people were arrested off Gibraltar on Monday when Greenpeace protesters boarded a single-hull tanker, like the Prestige which sank bringing ecological disaster to Spain's shores, a police spokesman said.
Air and Land Transport
- Cathay Pacific's China plans face turbulent ride
CATHAY Pacific Airways, eyeing the lucrative skies in mainland China, is facing a turbulent ride as it bids to return to one of the world's fastest growing air markets.
- Japanese airlines wage small screen war for passengers
- Safety threatened by EU plan: pilots
- Vietnam Airlines plans 4 new Asian routes
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| JANUARY 22, 2003 |
- Threat of war fails to deter upbeat mood of US toy buyers
- Lloyd Triestino makes debut on the transatlantic trade
- Logipolis CEO bullish on 2003 sales prospects
- VPA sells Casco, Canadian Stevedoring to P&O Ports
- Maersk Logistics extends relationship with Ikea
- BA World Cargo to use DSG-Tradevision for Cargo 2000
- Fedex buys eight ATR 42-320 aircraft from Continental
- Cathay adds Sapporo service, boosts Nagoya, Fukuoka capacity
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| JANUARY 21, 2003 |
- Lower net result NOL
- oadway to debut on Nasdaq
Roadway's ceo Michael W. Wickham will open trading on the Nasdaq stock exchange Wednesday, January 22, 2003.
- China Post Spins Off Logistics Business
China Post, the country's state-run postal service, has spun off its logistics business into a wholly-owned unit, the China Daily reports.
- SIA to run study on no-frills airline in Thailand
Singapore Airlines (SIA) will conduct a 'detailed study' on the prospects of a no-frills airline to be based in the northern Thai city of Chiang Mai, the Singapore government said today.
- Cathay, Dragonair scrap talks on China row
Hong Kong's dominant carrier Cathay Pacific Airways and smaller rival Dragonair have abandoned talks on a private settlement of a dispute over Cathay's bid to fly to mainland China, the South China Morning Post reported yesterday.
- European pilots oppose longer flying times
Plans by the European Parliament to extend the number of consecutive hours airline pilots are allowed to fly is of course opposed by the pilots, who don't like to woirk more hours for their huge wages.
- Continued strong growth trucks Eurotunnel
Eurotunnel stated it had solid growth in shuttle service revenue in 2002 and continued strong growth in truck revenue.
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| JANUARY 21, 2003 |
- Another vessel sinks in Spanish waters
- Headlines drive crude markets to Yo-Yo
- St Petersburg indications remain steady
- Platts rise pushes Fujairah levels up still further
- 0.005% sulphur gasoil available in Poland
- Prices soften across Baltic as weather eases
- Tallinn: Deliveries possible without ice-tug assistance
- Bad weather forces port closure in Gibraltar
- Daily bunker market report from Praxis Energy Agents (Monday)
- Korean indication's steady rise continues unabated
- Rotterdam numbers fall, but the future looks firm as crude
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| JANUARY 22, 2003 |
- Vancouver welcomes P&O Ports
- Safmarine orders three new West Africa Max container vessels
- Jet Aviation Handling takes over Czech Airlines freight handling
- Exel: contract with DIY-retailer AKI in Spain
- Van Gend & Loos Euro Express distributes for Black & Decker
- System Alliance celebrates a birthday
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| JANUARY 21, 2003 |
- War threat delays Gotlands new fast ferry
- Newcomer Scanline starts with five vessels
- Bunker barge sunk in Algeciras Bay
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| JANUARY 22, 2003 |
- Master dies as bunker barge sinks
THE master of a Spanish bunker barge died yesterday after the vessel, laden with 1,000 tonnes of fuel oil, sank in stormy weather just metres from the entrance to the port of Algeciras.
- NOL braced for a record loss of $335m
SINGAPORE’S Neptune Orient Lines has revealed its full year loss could hit a record $335m for 2002 as exceptional items take a huge toll.
- BAE Systems axes 1,000 UK jobs
DEFENCE giant BAE Systems’ decision yesterday to axe more than 1,000 jobs from its UK maritime operations has been branded by unions as a "devastating blow" to Britain’s shipbuilding industry, writes Jerry Frank.
- Bush war talk sends oil price soaring
OIL prices jumped to two-year highs as war fever struck oil markets when US President George W Bush increased pressure on Iraq.
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| JANUARY 21, 2003 |
- Smit seeks better practice
- Canada to probe P&O Ports plan
- Trinidad cruise visits cancelled
- US ships called up for war
- Spanish nightmare gets worse
- Venezuela strike losing heat
- NCL's Hawaii waiver approved
- NOL expects staggering 2002 loss
- India regains top breaker slot
- Petchem producers to cut costs
- S Africans threaten to follow EU
- Baltic tanker ban to be discussed
- Korea joins WA's Asian gas club
- Atlantic Canada pilotage fees up
- Spabunker IV update
- Dockers call off strike action
- SCI sells Greenfield stake to MOL
- Belgians agree Oman gas deal
- USCG seeks security co-operation
- Pilot reports faulty steering gear
- Spain hit by another sinking
- Gibraltar releases protesters
- Inville leaves S Africa for breaker
- New twist to Courageous mishap
- Singapore beefs up security
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| JANUARY 21, 2003 |
- NOL expects $335 million loss
More bad news as the Singapore-based parent of APL takes a $110 million charge in the second half.
- HK shippers warned on 24-hour rule
Hong Kong exporters risk seeing their U.S. shipments left on the docks if they fail to comply with US Customs' new cargo manifest rule, a shippers' group warned.
- Gusher for supertanker rates
The largest vessels are now earning over $100,000 a day as oil producers scramble to charter scarce tonnage amid fears that a war in Iraq will disrupt crude supplies from the Middle East.
- Box boom for Vancouver
- Diverted freight boosts Northwest cargo
- Limited launch for air-cargo portal
- UPS Supply Chain Solutions names Stoffel
- Crewman hurt in NY Harbor ship fire
- Ex-Inttra exec forms company
- Schenker inks long-term deal with IOC
- Loan probe for Hyundai
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| JANUARY 21, 2003 |
- Tide of debt sweeps NOL further out to sea
Neptune Orient Lines (NOL), parent of APL and APL Logistics announced that its full year losses for 2002 have been revised upwards to around US$335 million.
- Widdows: Shippers will pay for CSI
- Carriers and ports optimistic over West Coast contract
- Shortages, and storage problems force Colombian ports to truck Venezuelan cargo
- P&O Ports maps out future North American growth
- Big push on Australia/Asia reefer rates
- French line looks for short sea solutions to UK congestion
- MSL to add vessels to VSA
- US agents to arrive in UK ports this spring, while CSI turns focus to smaller European ports
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| JANUARY 21, 2003 |
- Frontline leads New York stock slide
Lake Maracaibo pilots confirm end to strike, but Venezuelan picture still muddled.
- Tidewater earnings stay soft
Louisiana offshore operator in the black, but down from year-ago and analysts' picks.
- Another icy option
OMI goes for a second ice-classed products carrier at Hyundai Mipo.
- China to sue over aframax spill
Tanker Pacific faces biggest ever Chinese oil pollution claim over Tasman Sea leak.
- Pilots back on board?
Strikers in western Venezuela reported returning to PDVSA terminals.
- Stelmar ties up two more charters
Tanker owner secures two newbuildings, renews existing charter at higher rate.
- Blaze damaged ship set to dock
The Spliethoff tweendecker Pijlgracht is to berth in New York for an inspection.
- Sunken barge involved in earlier spill
Captain's body recovered near scene of sinking says Spanish press.
- WG&A redeems itself
Philippine ferry owner splashes out to buy back redeemable preferred shares.
- NOL warns of huge loss
Exceptional items sink chairman Cheng Wai Keung's hope of improved second half.
- Murmansk Shipping boosts volumes
Russian tanker owner transported 6m tonnes of cargo in 2002.
- Korean shipping fund gets green light
Partners expected to sign joint venture agreement next week.
- Sunken bunker barge spills oil
Captain still missing after vessel sinks in Algeciras Bay.
- China wins bronze again
Asian giant retains position as third biggest shipbuilder for eighth year running.
- NOL rises to six-month high
Positive freight rate moves send embattled Singapore liner operator's stock in the right direction.
- Crewman injured in ship blaze
Fireboats battle engine room outbreak on Spliethoff tweendecker.
- Technology the key to box security, APL says
Shipowner publishes white paper on latest global security initiatives.
- Captain missing after tanker sinks
Bunker barge carrying fuel oil sinks in Algeciras Bay while under tow.
- Aker Yards buys second Romanian shipyard
Braila-based Sanab joins Norwegian group three years after privatisation.
- Oil firm to help Yemen protect tankers
Canada's Nexen to boost security levels at terminal close to site of Limburg terror attack.
- Mitsubishi in JPY 50bn bond offering
Japan's largest shipbuilder is raising fresh funds to refinance group's existing short-term bonds.
- Bulker demand still strong at Japan yards
More than two thirds of the ships ordered for export last month were for dry cargo tonnage.
- West coast action hits November box levels
A month after the strike had officially ended eastbound container movements were still suffering.
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