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| JUNE 23, 2003 |
Shipping News
- EU move to impose age limits for tankers criticised
YOUNGER age limits for tankers proposed by the European Union could backfire as a safety initiative and lower quality standards rather than raise them, the International Association of Independent Tanker Owners has warned.
- Falling debris causes damage to S'pore-run VLCC
A VLCC managed by Singapore's World-Wide Shipping Managers sustained minor damage last week after the vessel it was conducting a ship-to-ship transfer with exploded.
- Boost seen for US-Asia water route
THE all-water route between Asia and the US East Coast is expected to get a boost from partnership agreements signed with the Panama Canal Authority and seven major ports.
- China probes Yangtze shipwreck
CHINESE authorities began an investigation on Saturday into a ship collision on the Yangtze River that left one person confirmed dead and 52 passengers still unaccounted for.
- Colombo port aims to triple capacity by 2020
COLOMBO port wants to spend US$1.8 billion to nearly triple container-handling capacity by 2020 in view of a forecast rise in traffic as Sri Lanka's economy recovers after two decades of civil war.
- Senegal ferry victims reject offer
VICTIMS of Senegal's Joola ferry disaster, one of the worst disasters in maritime history, have rejected the government's latest compensation offer.
- Hyundai Heavy expects to post profit this year
HYUNDAI Heavy Industries Co, the world's biggest shipbuilder, will post a profit this year, following three years of losses, as it wins more orders, said co-chief executive Choi Kil Seon.
Air and Land Transport
- Airbus takes off with prize orders at Paris Air Show
EUROPEAN aircraft maker Airbus took off with the prize orders at the Paris Air Show last week, putting it well on track of its targets and leaving US rival Boeing in the dust.
- Air Canada machinists ratify cost-cutting deal
- Lufthansa to add more Asian flights as Sars wanes
- Malaysia Airlines to fly from E M'sia to Balikpapan
- THAI resumes suspended flights
- Sydney airport May traffic falls 18.5%
Liner Scene
- EU conference ban would force new thinking on lines
CONTAINER shipping lines were dismayed when, a couple of weeks ago, European Commission competition commissioner Mario Monti ruled out so-called discussion groups of liner operators.
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| JUNE 23, 2003 |
- German move for US firm Translink
- TradeCard annexes DHL Danzas to network
- Swedish Club to close London office
- EGM approves Dutch spin-off
- Exel buys Turkish logistics firm
- APL gets new North America sales chief
- New "Tangiers Mediterranean" port to cost EUR225m
- SIA lays off 400 as aviation crisis deepens
- Strike at Calcutta Airport holds up freight exports
- SAS introduces cargo emissions calculator
- Aloha starts non-stop flights between Oakland and Kauai
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| JUNE 23, 2003 |
- India Steamship may acquire 3rd crude carrier
- SCI strategic sale to be finalised by October
- CBEC clarifications on revised 8-digit HS Codes in export document & DTRs
- Coir products exports shoot up by over Rs 9 cr. in April-May
- Anti-dumping duties slapped on 137 products
- Banks in OBUs seek nod to import equipment duty-free
- Tirupur traders seek duty-free import of packaging material
- 50,000 t. rice to be exported
- Paper exports may go up by 30 pc
- 40,000 t. wheat to be exported to Morocco
- WTO upholds US rules on textiles export by India
- Dumping duty on ferro silicon scrapped
- VPT bags Greentech Safety Silver Award
- All ports to come in 8 pc service tax net from July 1
- Overcapacity brings down air freight rates
- CONCOR’s ICD-Sabarmati bags coveted ISO 9001:2000 certificate
- Gujarat to hold global investor meet in Sept.
- India opposes OECD draft on steel subsidies agreement
- Govt to fund industrial clusters’ upgradation
- New I-T self-declaration form introduced
- Rabo Bank sees vast scope for seed firms
- Focus on procurement of oilseeds: Plan panel
- IMC seminar on ‘Path to Enhance Tax Revenue’ in July
- CII to hold informal interaction on June 26
- Men at helm of FAPCCI
- Ficci sees China as gateway for third country exports
- IMC to organise talk on ‘Electricity Bill 2003’ on July 5
- Assocham to look for tie-ups during PM’s China visit
- Com. Secy to head competition panel
- Stable rupee vital for exports-Fieo chief
- Cluster approach can be an efficient growth strategy, asserts BCC&I chief
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| JUNE 20, 2003 |
- Singapore: Closed-door seminar on new Accreditation scheme
Today's seminar was aimed at clarifying further details about the most sophisticated set of regulations for the bunker industry anywhere in the world.
- Bunkerworld sales executive moves on to bunker trading
- Singapore bunker sales down in April despite falling prices
Tight avails and uncompetitive prices may have been a factor in falling bunker sales in Singapore during April, but in fact prices were much lower than in March, when MPA figures showed an increase in bunkering volumes.
- African market update
- Prompt suffers from Gibraltar's demand upturn
- Rotterdam firms with crude
- Crude rebounds as oil flow optimism vanes
- Frustration over Platts MOC methodology may cause rethink
Suppliers in the ARA region are still incensed at the recent changes to Platts' price reporting methodology. An oil major told Bunkerworld that they are "seriously considering" no longer using Platts as a basis for quotation due to the problems posed by the new methodology.
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| JUNE 20, 2003 |
- Korean Air bumps up its freighter frequency
- Lufthansa: Wolfgang Mayrhuber new Chairman and CEO
- Conti and NSB order 18 large container vessels
- ÖBB-Cargo invests in Italy
- Groupe Heppner grew sales and profit in 2002
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| JUNE 20, 2003 |
- Austal to build world's largest multihull
126.7 m, 40 knot ferry for Fred Olsen
- Conrad Industries gets into aluminum work
Expansion in Amelia
- ILO adopts seafarer ID convention
A new Convention on Seafarers' Identity Documents establishes a more rigorous identity regime for seafarers
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| JUNE 20, 2003 |
- Greenbrier in line to join Russell 3000 market index
- America West Airlines ups service to Spokane Airport
- Corps schedules series of closures for lock repairs at John Day Dam
- Port of Portland publishes Marine Terminals Master Plan paper
- Mexican Naval vessel makes first call to Portland
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| JUNE 23, 2003 |
- Identity cards for all the world’s seafarers
EVERY seafarer in the world is to receive a fingerprint-based international identity document following a compromise agreement struck at the International Labour Organisation.
- Austal to build Olsen giant ferry
WESTERN Australia’s Austal Ships has won a $100m contract to build the world’s largest high-speed multi-hulled vessel for European ferry operator Fred Olsen, reports Lloyd’s List DCN in Sydney .
- Yang Ming eyes four Taiwan newbuildings
MAKING the most of the good times, Yang Ming Marine Transport has returned to fellow Taiwanese company China Shipbuilding Corporation for four 1,500 teu ships.
- Demerger of Exmar backed by investors
SHAREHOLDERS in CMB have approved the spin-off of Exmar, its gas shipping unit.
- IMO expels Greenpeace on safety
GREENPEACE has been kicked out of the International Maritime Organisation after its controversial direct action tactics at sea were ruled to be a danger to shipping, writes David Osler.
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| JUNE 20, 2003 |
- Caracas forex clamps may be eased
- Uzbekistan to be linked to the sea
- Security budget will face heat
- India to review export restriction
- Barcelona made more accessible
- Seafarers would pay for new ID card
- Prestige judge rejects dismissal plea
- 23 feared dead in China collision
- Major changes to ro-ro proposals
- Arab co-operation on the agenda
- Minoan boosts Adriatic link
- New port body for Melbourne
- Star ships to leave Australia
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| JUNE 20, 2003 |
- Bonner praises 24-hour compliance
The Bureau of Customs and Border Protection has issued less than 400 "no load" orders since it began enforcing the 24-hour advance manifest filing requirement three months ago.
- EU, US to lay groundwork for possible trans-Atlantic aviation agreement
The European Union's top transport official on Monday will meet with Transportation Secretary Norman Mineta to attempt to persuade the U.S. to commit to a pioneering trans-Atlantic aviation deal.
- Georgia Ports Authority, Panama Canal sign agreement
- EU regulators clear Deutsche Post takeover
- TMM Lines deploys sixth new ship
- Hong Kong shipowners revamp to boost business
- Singapore files charges in ship collision
- DHS struggling to meld agencies: Official
- West Coast lines, terminals to pay more for ILWU benefits
- Congress may look at bioterrorism law
- Sri Lanka slates Colombo expansion
- Rickmers christens ship
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| JUNE 20, 2003 |
- Battling shippers seek end to anti-trust immunity as EMTA levies Israel THC
Militant Israeli shippers have stepped up their campaign in the eight-month battle against terminal handling charges (THC) finally imposed by carriers on Wednesday.
- Bank downgrades volume growth estimates for 2003, but confirms freight rate growth into 2005
UBS has cut its 2003 container demand growth forecast from 7.8% to 6.8%, based on the implications of weakened OECD leading indicators for Asian exports, but insists rate gains will continue.
- Singapore swing: NOL benefits from rate revival
- CMA CGM denies PTP move - new Westport service planned
- Private operators force CBEC review of restrictive directive
- Kien Hung ships up for grabs again as sale fails
- Operational concerns delay Iraqi port opening
- Tranz Rail under pressure as bidders squabble
- Cologne railway forging ahead
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| JUNE 20, 2003 |
- Greenpeace kicked out of IMO
Flag states lose patience over alleged dangerous protest tactics.
- Yemen bids to cut war premiums
Insurers offered $50m government indemnity to overcome Limburg fears.
- Barry Rogliano jumps into derivatives
French broking group says clients want it.
- CMB shareholders OK Exmar demerger
Shares indication values gas shipping arm at around $200m.
- Historic shipping partnership unravels
Felix Tschudi and Axel Eitzen go separate ways ending 120 year family collaboration.
- Green Reefers gets share deal away
Chemical carrier chief Bernt Daniel Odfjell takes a $1m punt on reviving reefer market.
- Swedish Club names deputy MD
Claims chief Lars Rhodin widens role at Gothenburg insurance club.
- Troim backs Golar
CEO extends forward contract on share purchase.
- Vela sends rates lower
Bad news for owners as Saudi Arabian giant fixes pair of VLCCs at rock bottom rates.
- Yang Ming orders boxship quartet
Taiwan box operator inks deal for up to four 1,500-teu containerships at compatriot yard CSBC.
- HHI set to smash 2003 order target
Korean shipyard forecasting profit and eyeing up cruiseship orders.
- Keppel inks domestic double
Singapore-based shipbuilder to construct anchor handlers and tugs for local shipowners.
- Vela names first Daewoo newbuilding
Saudi Arabian giant due to take delivery of aframax tanker before the end of the month.
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| JUNE 20, 2003 |
- Teco Energy takes for sale sign off marine transport unit
- Military Sealift Command recruits civil service mariners
- Horizon Lines promotes Keenan, Richards
- ILO adopts requirement for seafarers' identity documents
- Carriers deploy 4,126-TEU ships in Asia/U.S./Mexico link
- ICC: Attackers of the tanker "Limburg" had inside information
- Bauermeister to head Senator Lines in Asia
- CMB shareholders approve Exmar spin-off
- CHCP releases preliminary results of container e-seal test
- Galvao named FCL manager at Econocaribe
- FMC: Unlicensed intermediaries on the rise
- EC sets up advisory group on transport accidents
- Verdery joins Department of Homeland Security
- APHIS softens stance on eggs imports
- DHS weighs regional command structure
- Rail service resumes to port of Brunswick
- FTSC: Steel import barriers injure some U.S. port operators
- European ports ask EC to narrow proposed security rules
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