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| SEPTEMBER 22, 2003 |
Shipping News
- Recovery in liner shipping forecast to continue
A bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in box ship orders, according to investment bank UBS Warburg.
- Baltic Exchange launches 2 new benchmarks
THE Baltic Exchange in London, the world's only self-regulated shipping exchange, introduced two benchmarks to help importers and shipowners negotiate freight rates and assess ship values.
- Keppel Phils Marine expects better end-2003 results
KEPPEL Philippines Marine, the Philippines' largest shipyard operator, expects improved results by the end of this year.
- Kvaerner to build world's largest cruise ship
AKER Kvaerner, a Norwegian shipbuilder, won an order to build the world's largest passenger ship for Royal Caribbean Cruises.
Air and Land Transport
- Cathay faces mass legal action on roster changes
HONG Kong carrier Cathay Pacific is facing legal action by disgruntled pilots who claim management has ignored a court ruling against the airline over controversial roster changes, a report said yesterday.
- EC ruling on airport subsidy may impact low-cost carriers
- Xiamen Air in talks to sell stake to overseas investors
- Istanbul-Delhi flights resume
- Continental may join SkyTeam in spring: CEO
- Lufthansa Cargo to replace B747s with MD-11s
Features
- Colombo seeks foreign investors to expand port
SRI Lanka is trying to attract investors to build a new basin and 10 berths to expand its port.
Port Shots
- Port Shots
MALAYSIA International Shipping Corp said it has taken delivery of its 16th liquefied natural gas tanker, strengthening its position as the world's largest carrier of LNG.
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| SEPTEMBER 22, 2003 |
- SITC upgrades new service
- Shihu Port opens to foreign vessels
- China could be number one container market by 2011
- Pacer cargo stacked against trucks
- Asia a major factor in Panalpina's good fortune
- Modern Terminals outsources data management functions
- Boss chooses rate explorer for service contracts
- Air traffic management plan in place for Athens Olympics
- Swiss to stop Washington DC service when winter schedule begins
- Air New Zealand receives first Airbus
- NACCO Materials, TNT Logistics N America to sign agreement
- Lynden Air Freight wins `Quest for Quality' award
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| SEPTEMBER 22, 2003 |
- War risk premium for ships calling at Yemen reduced
- CMA-CGM strikes deal to improve service
- Rickmers sets new course with liner-style service
- APL makes it 11-in-a row for Baxter award
- Yang Ming orders 4 mega ships
- MOL joins Pusan, Haiphong service
- New reefer containers for Zim
- Cosco vessels attain high safety standards
- PTP’s throughput up
- MoS to set up coordinating authority for multimodal transport
- GE Shipping enters VLCC segment
- Central nod for apparel export city in AP
- Passenger car exports record 70 pc growth during April-August
- TAMP should be retained in original form, insist southern port users
- Asian trade volumes overtake Europe in swelling Port of NY/NJ coffers
- MoPT accredited with ISO 9001:2000 certification
- KoPT plans JV with PSA to develop 2 dry docks
- Tonnage tax to be implemented from April 1, 2004, asserts Minister
- Ennore Port invites EoIs to develop multi-purpose terminal
- Play major role in port infrastructure, Shipping Secy tells trade
- Double-stack CONCOR trains on cards
- DHL Danzas sees sea route to be cheaper
- Food Ministry holding special camps for sugar units - Reimbursement of transport, freight charges on exports
- Privatisation of airports on course - Civil Aviation Secy, Roy Paul
- North-South corridor work to start by Dec.
- Centre plans new sops to clear sugar buffer
- Interest on delayed tax refunds cut to 6 pc
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| SEPTEMBER 19, 2003 |
- Rotterdam: Vopak jetty closures confirmed, chaos anticipated
Confirmation came through today that the VOPAK loading installation in Rotterdam - the port's main loading station for bunker barges - will close 2 of its 3 loading jetties during the first half of next week and again during the first half of the week thereafter.
- Californian bunker industry lobbies Governor's office
Bunker suppliers operating in California as well as various other interest groups - notably labour unions - have been lobbying the Governor's office on behalf of SB 808. "We have sent a petition to the Governor's office, and so have other suppliers," a major player in Los Angeles told Bunkerworld.
- Brisk trade in Gibraltar as numbers swing up
- Singapore suppliers eye rebound after steady Friday
Mixed sentiment seemed to rule in Singapore today, with some suppliers cautious and anticipating a firming market next week, while others competed at the same price levels as yesterday even as fuel oil cargo values rebounded lightly.
- Hong Kong: Bunker move
- Ecuador: Bunker move
- Rotterdam rebounds, jetty closures next week
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| SEPTEMBER 19, 2003 |
- CSA appoints new management
- Delmas and Gold Star strike up FE/West Africa partnership
- Lufthansa Cargo to sell entire Boeing fleet
- Orders piling up at Vossloh Locomotives
- Swisslog is awarded contract by Finnish dairy products maker
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| SEPTEMBER 19, 2003 |
- Coastal Express executives charged with fraud
- Danish Competition Authority inspects DFDS perfume sales
- Clarksons starts Channel ro-ro service
- RCCL orders Ultra Voyager at Masa-Yards
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| SEPTEMBER 21, 2003 |
- Hornbeck Offshore Services plans IPO
Files with SEC
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| SEPTEMBER 19, 2003 |
- Port of Portland sees gains in number of containers moved
- Crowley taps Todd Busch as California ship assist manager
- APL web site awarded BtoB magazine honor
- Panama Canal Authority orders 34 new locomotives
- Port of Olympia schedules meetings to discuss East Bay master plan
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| SEPTEMBER 22, 2003 |
- Kyklades orders three suezmaxes
GREECE’S Kyklades Maritime Corp has clinched an order for three wide-bodied suezmax tankers with Japan’s Universal Shipbuilding Corp.
- Royal Caribbean in Masa-Yards giant cruise deal
ROYAL Caribbean has come good on its pledge to build what would at present be the biggest cruiseship in the world, with a firm order for a 160,000 gt, 3,600-passenger ‘Ultra-Voyager’ vessel at Kvaerner Masa-Yards in Finland.
- Goshawk banking default looms as first half losses mount
TROUBLED Lloyd’s insurer Goshawk Insurance Holdings is expected to default on its bank covenant arrangements on Friday after last week’s warning of larger-than-expected first half losses.
- Fresh optimism for prospects at German yards
GERMANY’S crisis-ridden shipbuilding industry is seeing light at the end of the tunnel.
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| SEPTEMBER 19, 2003 |
- Ports shut for Hurricane Isabel
MOST ports in the US East Coast mid-Atlantic region were closed today after Hurricane Isabel battered the coastline overnight
- Cruise start-up already in profit
OCEANIA Cruises, the Miami-based start up cruise venture, broke even in July and made a net profit in August, chairman Joseph A Watters told Fairplay
- Terminal plans collapse
BOTH Maersk and CSX World Terminals have submitted technical objections instead of financial bids for Vallapardam, which Kochi port trustees believe are excuses
- Cruisers return to Carnival
"ROBUST demand" for cruise vacations after the main Iraq conflict has pushed up bookings and profits for the world's largest cruise operator, Carnival Corp
- Tsavliris team attempt to leave
THE eight-man Tsavliris salvage team will attempt to fly from Karachi airport tomorrow, even though three of them are still banned from leaving Pakistan
- Smit seeks buyer for URS stake
DUTCH towage and salvage giant Smit Internationale is keen to free up capital for further expansion by selling some of the shares in Belgian towage operator URS
- APL, Bengal Tiger join forces
- Boxship, tanker make contact
- Costa throws lifeline to Grimaldi
- Pakistan mulls rejected sheep offer
- Royal Caribbean agrees Ultra order
- Sovcomflot figures up strongly
- Daewoo chief exec Jung stays on
- Fireman killed in China yard fire
- Venezuela refutes Morichal claim
- Reinsurers block Gadani resurgence
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| SEPTEMBER 19, 2003 |
- Ports re-open as Isabel moves on
Cargo operations look to resume after hurricane leaves 13 dead and millions without power along the East Coast.
- Hong Kong tightens registry scrutiny
In get-tough stance, Hong Kong shifts more responsibility for ship standards to class societies.
- Panalpina net slips
Ocean margins push profits down 1.5 percent through the first six months of the year.
- MOL upgrades Europe-West Africa service
- Report: Evergreen may move Korea services to China ports
- The Journal of Commerce slates first Trans-Atlantic Maritime Conference
- DHS to address NCBFAA meeting
- Lufthansa comments irk Envirotainer
- Kuehne & Nagel plans Frankfurt logistics hub
- Zim gets new reefers
- Korean Air Cargo in Canada alliance
- August dog days for U.S. ports
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| SEPTEMBER 19, 2003 |
- Stuttering Atlantic EB volumes could see vessels transferred to lucrative Asian export trades
Shipping lines operating in the three major east/west trades are considering transferring tonnage from the under-performing Atlantic routes to the more lucrative Pacific and Asia/Europe trades.
- MOMAF maps out relief measures for Busan Port
The Ministry of Maritime Affairs and Fisheries (MOMAF) has announced relief measures following the extensive damage caused by Typhoon Maemi at Busan earlier this week.
- ERS launches Rotterdam-Duisburg shuttle
- China Merchants seals US$500m Qingdao logistics deal
- Tax on Brazilian transhipments stopped by Sindamar injunction
- Australia’s north-south rail link completed
- Canadian West Coast contract talks resume
- Panalpina reports good first-half results, despite pressures
- PSA expects 6% growth in Singapore volumes this year
- Canadian intermodal traffic up strongly in H1, but H2 figures will be worse
- Fremantle container movement study finishes this weekend
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| SEPTEMBER 19, 2003 |
- Banc of America cuts Carnival
Cruise line loses "buy" tag after strong third-quarter results.
- More angst for Ghost Fleet deal
UK authorities join the fray with review of Able UK permit.
- Steamy VLCC rates power on up
But how long will market hold? "It’s a poker game," one broker says.
- Stuck in the mud
Officials try again to refloat Croatian freighter in Gulf of Mexico.
- Tsakos bags boxship quartet at Mipo
Captain Panayiotis Tsakos moves on fleet renewal promise.
- Fairbanks to head US Salvage Association
Titan head replaces Witte to become second president of ASA.
- RCL confirms giant cruiseship order
Kvaerner Masa-Yards to build largest cruise vessels ever.
- Montanari orders tanker duo
Italian owner ups product tanker newbuilding tally to five ships.
- Yemen war rates fall
Security report to underwriters set to assist revival of Aden container terminal.
- Last two LNG ships pulled off rocks
But extent of damage to Fuwairit and Elvira Tapias still unclear.
- P&I premiums must rise
North of England Club chief Paul Jennings warns of above inflation level rate hikes.
- Tanker and boxship collide
Small chemical carrier sustains minor damage after English Channel hit.
- Sheep shipment saga stumbles on
Australian premier John Howard comes under pressure.
- Close call for Silja Opera
Steering problems cause passenger ferry to collide with several ships in St Petersburg.
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| SEPTEMBER 19, 2003 |
- FEFC appoints Adrion chairman
- Asia/Europe carriers to increase rates four times next year
- Inchcape, Thoresen merge Thai agency operations
- Society of Maritime Arbitrators issues expanded "blue book"
- Lufthansa Cargo rolls over fleet in favor of MD-11s
- U.S. awards $381,260 grant to Namibian Airports Co.
- Yellow predicts strong earnings
- Pacer transfers Los Angeles cartage unit to Pacer Stacktrain
- Pony Express contracts with True-Way for long haul liaison
- KCS works to revive Mexican rail deal
- Con-Way Transportation pushes electronic bill of lading
- FMC sets Oct. 10 comment deadline for exemption petitions
- FMC reviews 6 OTI applications, revokes 4 licenses
- D.F. Young names regional managers
- NVO picks Management Dynamics software
- Mitsui O.S.K. Lines upgrades IT system for logistics
- Expeditors warns 3Q earnings could undershoot forecast
- Carriers, government respond to Hurricane Isabel
- Panalpina's first-half net income down 1.5%
- TNT to handle logistics for heavy equipment maker
- South Californian ports report stagnant inbound box traffic
- Port of N.Y.-N.J. first-half container volume UP 14.6%
- Panama Canal orders 34 Mitsubishi locomotives
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