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| MAY 23, 2003 |
Shipping News
- PSA's China, Belgium ventures add 6m TEUs to global volumes
PSA Corporation's star overseas port ventures in China and Belgium added six million TEUs to its global throughput last year, while all its other foreign port investments also registered growth.
- P&O Ports buys India terminal for US$195m in landmark deal
P&O Ports signed one of India's largest port sector deals last week, buying the privately-owned Adani Container Terminals for US$195 million, while losing out along with Hutchison Port Holdings on the new Nhava Sheva terminal tender.
- HK port will suffer from excess capacity: Li Ka-shing
LI Ka-shing, who controls the world's largest port operator Hutchison Whampoa Ltd, said a new container terminal in Hong Kong will lead to overcapacity in the world's busiest port.
- Beauties on the Locks
SEVENTY-one of the world's reigning beauty queens were welcomed to Panama at an event hosted by the Panama Canal Authority on Wednesday.
Air and Land Transport
- Asian airlines seek WHO's help for aviation recovery
COOPERATION by the World Health Organisation is essential for the Asian airline industry to recover from the Sars-induced catastrophe, the Association of Asia Pacific Airlines said yesterday.
- SIA Cargo starts China-US service
- Cathay to add flights, aims for recovery by year end
- Branson holds talks with Airbus to save Concorde
- Analysts see KLM joining SkyTeam
- Air Canada seeks layoffs
Admiralty Casebook
- Straight bill should be viewed as document of title
SINGAPORE's bid to be a regional maritime law centre was boosted last month when the English Court of Appeal cited with approval a decision by the Republic's courts that a carrier must only deliver against an original bill of lading even if the goods were shipped under a straight bill of lading.
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| MAY 23, 2003 |
- K Line expands operations into southern China
- TMSC Freight granted NVOCC licence
- Zim aquires 50pc share of new Russian shipping agency
- Ecu-Line offering service to Eritrea on WEC Line
- K Line joins forces with Indonesian car-carrier operator
- Fedex to head out on highway with greener trucks in Q3
- Thomas Poe to toe government line at Port of Long Beach
- MA posts US$23.3m net profit after slashing costs
- Menzies teams up with Macau logistics partner
- Sars making China Eastern financially ill
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| MAY 23, 2003 |
- TNWA offers new all-water string to transpacific lineup
- Maersk Logistics receives ‘Vice-President’s Award’ from Target Corp
- Latest Maersk Sealand vessel launched off Denmark
- Grand Alliance to add 6th Asia/Europe loop this summer
- Lloyd Triestino makes maiden voyage into US ports with Asia/Caribbean AUX service
- SAECS to upgrade core Europe to South Africa service
- Second Caribbean service for Lykes Lines
- ZIM in pact with RUSCON
- Rickmers-Linie holds golf tournament for charity
- Colour TV exports may total 5 lakh units in 2003-04
- Leather exporters see swing in fortunes for the better
- Shipping Ministry includes Tuticorin Port in cruise vessel circuit
- TPT chief sets up welfare fund for Cargo Handling Labour Pool staff
- ChPT, CPCL sign MoU to handle crude
- Defence Ministry debars Hutchison Port from bidding for JNP’s new container terminal project
- Chennai Port handles Delhi metro coaches
- Railway Board vested with govt powers
- CONCOR ready to connect Visakha Container Terminal by rail/road to all major ICDs
- Railways taking steps to garner higher share of freight traffic
- SEZs needed for textile sector to achieve export target of $ 50 bn: Report
- Commerce Ministry fixes merchandise goods export growth target at 12 pc for 2003-04 - ... to net $ 57.8 bn in value terms
- Govt urged to amend drug import policy
- RBI scraps ceiling on remittances through int’l credit cards
- 3-day workshop on export promotion from May 29
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| MAY 22, 2003 |
- Daily Bunker market report from Praxis Energy Agents
- ARA quiet ahead of evening trading window
- Crude prices slip as UN votes to lift Iraq sanctions
- Japanese suppliers grumble over unjust cargo pricing
- Singapore: Tight avails in bunkers despite growing stocks
- Shell Marine Products refines industry thinking on oil stress
- Brazilian market update from Petrobras
- Rotterdam steady to firm
- Cape Town stops bunkering during tanker cargo operations
- Platts bows to criticism on ARA barge market assessment
- Italian market goes ballistic
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| MAY 22, 2003 |
- Jotun takes precautions against terror
- UK tops white list
- OBO left København escorted by Greenpeace
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| MAY 22, 2003 |
- VT Haltermarine set to start Deepwater work
Court approves acquisition of share in joint venture with Bollinger
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| MAY 22, 2003 |
- The New World Alliance ready to restart summer schedule
- Rail freight traffic count delivers up and down week
- Miss Universe delegates special guests at Panama Canal
- Port of Anacortes holding Pier 1 project public meeting
- Stelmar Shipping charters double-hull Handymax tanker
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| MAY 23, 2003 |
- P&O Cruises optimistic on UK growth
P&O Cruises has expressed faith in the continuing strong growth of the UK market as the company launches a major increase in capacity, writes Tony Gray.
- Mystery Torm investor has Hong Kong buzzing
THE Hong Kong shipping community was left intrigued and baffled yesterday by a mysterious Wan Chai-based company which out of nowhere has bought a 5.4% stake in Danish firm Torm, write Sam Chambers and Andrew Draper.
- EU report to back industry line on action over Prestige
DIRK Sterckx, the European Parliament’s rapporteur on the Prestige, gave strong indications yesterday that his forthcoming report into the casualty will support the industry’s line on key issues such as places of refuge and the treatment of seafarers after maritime disasters.
- Levene urges Lloyd’s to push into Europe
LLOYD’S has launched a major drive to win more business from Europe - moving into the domain of Munich Re, Swiss Re and other big league insurers and reinsurers.
- Stolt-Nielsen pledge on US banned deals probe
EMBATTLED chemical transport operator Stolt-Nielsen has promised to "co-operate fully in any probe" of its alleged dealings with Iran and Sudan, countries designated by the US as "state sponsors of terrorism", and said it had stopped parcel tanker trade with all countries embargoed by the US, writes Rajesh Joshi.
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| MAY 22, 2003 |
- Employment gloom for Kværner Masa
- Crew detained in Panama
- US legislators fight port rollback
- Banana drama hits Ecuador exports
- NY union leaves Evergreen stranded
- US launches new niche operator
- Algerian ports open after quake
- Sir Paul joins peat protesters
- Feeders under pressure on surcharge
- Asian feeder enters N Europe sector
- Dutch minister supports shipping
- Shipping heroes unveiled
- Crew agents welcome SARS move
- Umm Qasr salvage deal awarded
- Towage take-over 'imminent'
- SARS, fuel costs hit Star figures
- Surcharge still concerns shippers
- No leads in Petersburg port murder
- Coalition appoints Qasr port chief
- Aqaba benefits as Iraqi aid boosted
- Strike brings shippers extra charges
- Basques justify move against ABS
- Fast-track solution to crew crisis
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| MAY 22, 2003 |
- Terminal operators seek antitrust immunity
If approved by the FMC, the West Coast Marine Terminal Operators Discussion Agreement would have the ability to discuss rates and charges. But that may not be their main focus.
- Evergreen shutdown spreads
A week-long protest by the International Longshoremen's Association expanded from the Port of New York and New Jersey to Norfolk, where ILA pickets halted work on an Evergreen ship.
- Britain removes open-skies obstacle
In a move that could pave the way to an open trans-Atlantic air cargo market, Britain said it is ready to transfer to the European Union its right to negotiate an open-skies agreement with the U.S.
- Dabbiere steps down as chairman of Manhattan Associates
- Menlo wins airfreight contract from European Navigation
- Singapore Air posts jump in profit, but outlook is bleak
- DHL Airways sold to investor group
- OIA Global Logistics opens first European office
- GT Nexus, RiverOne forge strategic alliance
- UPS Supply Chain Solutions wins five-year Lucent pact
- Rush to beat rate hikes boosts April imports
- New World Alliance adds Panama Canal-U.S. East Coast service
- Bureau of Immigration and Customs Enforcement reorganizes
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| MAY 22, 2003 |
- Evergreen declares force majeure as USEC unionisation battle gets serious for carriers
Evergreen has declared force majeure because of a union blockade in Port of New York and New Jersey, the first casualty in a battle being fought by several carriers against unionisation of landside staff.
- Kuwait plans major port developments to cope with Iraqi cargo
Kuwait Ports Authority (KPA) is planning major investments to upgrade its port facilities to cope with the drastic increase in cargo following the Iraq war.
- Packaging regulation could cost industry more than $10 billion
- US Judge rules that owners can be liable for cargo damage
- Korean line says Q1 figures show it’s on an even keel
- Weak dollar sees surge in Montreal traffic
- Melbourne truckers demand infrastructure funding
- Lula moves Brazil’s transport infrastructure to top of agenda
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| MAY 22, 2003 |
- Baltic Shipping Co unveils fleet plans
Former boss Victor Kharchenko sees Russian company reborn with five newbuildings.
- JJ Ugland profit slides
Boss Oyvind Larsen says company signed up for second bulker newbuilding.
- Terror alert for Norwegian ships
Shipowners' association calls for extra care after al Qaeda urges attacks.
- Eidsiva back in profit
Former ACLN car carrier fleet puts Norwegian owner back in the money.
- Pan-United sinks back
Lower repair and building demand hit Singapore yard's first quarter.
- Torm beats expectations
Profit soars as products carrier pools see significant growth in freight rates.
- Sohmen set to clean up on Bergesen
Offer manager says he will net 80% of share capital by end Friday.
- Highland Faith heads for repairs
Class society denies it made special case of vessel following Greenpeace protest.
- Hyundai Mipo confirms D'Alesio order
Italian owner is taking one firm 35,000-dwt product tanker from Korean yard plus an option.
- ASRY upbeat on post war prospects
Bahrain yard saw fewer vessels during war in Iraq, but says things are now returning to normal.
- Stelmar fixes Ambermar, sells Promar
Greek owner ties up more time charter employment and confirms disposal of ex-Osprey tanker.
- Japan gives bulker SARS all clear
A Chinese sailor aboard a Samta Shipmanagement bulker is found to be free of the killer virus.
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| MAY 22, 2003 |
- Evergreen Declares Force Majeure At Port Of New York
- South Korea works to clear cargo backlog following strike
- Container imbalance widens at L.A., Long Beach ports
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