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| SEPTEMBER 25, 2003 |
Shipping News
- Asia now New York port's biggest market
ASIA has surpassed Europe as the Port of New York and New Jersey's largest market for the first time in its history, thanks to the booming Asia-North America container trade.
- S'pore, Australia cooperating on maritime security
SINGAPORE and Australia have undertaken 'substantial' cooperation on maritime and aviation security, but Australia has a lot of work ahead to comply with looming security code requirements, according to the country's Transport Minister John Anderson.
- APL feeder ship in multi-vessel collision at Chittagong Port
A feeder ship chartered by Neptune Orient Lines' liner arm APL reportedly lost control in Chittagong port, damaging up to six naval vessels and another feeder on Sunday night, according to Bangladesh media.
- ICTSI's Polish terminal going ahead with expansion
MANILA-based International Container Terminal Services, Inc has announced that its European affiliate, the Baltic Container Terminal, is pressing ahead with plans for a major capacity expansion of the terminal.
- Still awaiting compensation
AN aerial shot taken Sept 27 last year showing a survival raft dropped by a French army plane beside the Joola, a passenger ferry that capsized off the coast of the west African nation of Senegal.
Air and Land Transport
- China slams Taiwan indirect cargo flights proposal
CHINA yesterday criticised Taiwan's proposal for indirect cargo flights to the mainland, demanding direct air links and the right for Chinese airlines to fly to the island.
- China Airlines, China Eastern to offer Taipei-Shanghai flights
- SIA to begin flying to Shenzhen in January
- India airport employees call off strike
- Vietnam Air to start Hanoi-S'pore service
- Emirates close to deal with Boeing
Features
- Major revamp needed to meet rising demand
THE US air transportation system needs major structural changes to meet an expected doubling of demand within 35 years, the National Research Council said on Tuesday.
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| SEPTEMBER 25, 2003 |
- Cosco Pacific buys 49pc stake in logistics arm from parent
- IDS Logistics opens Nike centre in Panyu
- New UPS technology suite promotes better efficiency
- Nantong and Shangai ports sign river transit centre deal
- Asean business forum to have DHL input
- FedEx opens new Chicago operation
- BA, China Airlines bullish on Hartsfield
- BRITISH Airways and China Airlines have added new cargo flights to and from Hartsfield Atlanta International Airport
- China Southern expands Australia services'
- FedEx partners to launch integrated platform
- Emirates completes landmark lease in Dubai
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| SEPTEMBER 25, 2003 |
- First lot of MSC’s containers flagged off from CWC’s Gandhidham CFS to MICT
- Meeting phytosanitary steps essential to raise export of marine goods: Experts
- Software exports set to grow by 26-28 pc
- Utilise e-filing facility, Jt DGFT
- ECGC aims high
- No tinkering with steel products import duty, assures official
- TAMP may finalise new norms by early November
- 16th Intermodal Transport & Logistics conference on November 4-6
- Railways hauling more freight this year
- New Gujarat industrial policy to focus on port-linked, agro projects
- Centre mulling allowing FDI in coffee sector
- Infrastructure industry records 3.7 pc growth in August
- Govt panel, WTO body scheme to help textile sector
- Rs 118.93 cr. worth FDI proposals cleared
- French ministry, IFCCI sign MoU to strengthen trade ties
- State-of-the-art oil terminal nearing completion in Goa
- Drawback rate limits lifted - CBEC allows Addl Jt Commissioners to approve rates
- Private trade’s participation in wheat procurement may be allowed, says Food Minister
- Global investors’ meet in Gujarat from Sept. 28
- NIJD to organise jewellery show from Sept. 26
- IIFT programme on ‘Export Procedures & Documentation’ in November
- Indo-Vietnamese Chamber meeting on Sept. 27
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| SEPTEMBER 24, 2003 |
- Surprise OPEC cut sidelines US oil inventory gains
Without OPEC's shock news, today's weekly figures from the US Department of Energy (DOE) and the American Petroleum Institute (API) would probably have allowed oil prices to continue to trundle along near the bottom of the baseline set over the past month, with stock builds falling largely into line with market forecasts and reducing year-on-year inventory deficits.
- Panama firm, more bullishness ahead?
- OPEC cut: Consumer pain now to avoid producer pain later
OPEC's ability to fear a price collapse and act prematurely to prevent one never ceases to amaze.
- Rising market stirs demand in Istanbul
- Piraeus numbers on the rise but buyers remain wary
- Oil prices surge on report of surprise OPEC output cut
IPE Brent futures surged by as much as $1.03 per barrel to $26.55 today after reports from Vienna that OPEC is planning to ratify a production cut of 900,000 barrels per day from November 1st.
- Korean IFO's at eleven month low - but for how long?
- Brazilian market update
- New Saudi posted prices, market softens
- Italy: New offices for National Fueling & Yacht Services
- Rotterdam little changed this morning
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| SEPTEMBER 24, 2003 |
- Planzer Transport AG: Handing over the reins
- Schaar & Niemeyer (Far East) Pte Ltd celebrate in Singapore
- M&M Air Sea Cargo Moscow established
- Russian and Finnish customs launch the "Green Corridor"
- Wincanton cleans up with Lever Fabergé Personal Care
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| SEPTEMBER 24, 2003 |
- Maritime Safety: de Palacio laments member states’ lack of political will
- Tordenskjold un-cooperative
- Two years in jail for false terror threat
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| SEPTEMBER 24, 2003 |
- Panama Canal breaks two records in one day
- Beijing vice mayor in Seattle for Olympics business seminar
- Washington Ferries boosts service to meet needs of motorcycle events
- Seattle-based Coast Guard cutter saves boatload of Ecuadorean migrants
- MOL open for business at new Qingdao branch in China
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| SEPTEMBER 25, 2003 |
- Tanker rates in jeopardy after surprise Opec production cut
Tanker rates could suffer and oil prices have jumped as a result of a surprise output cut agreed yesterday by the Organisation of Petroleum Exporting Countries.
- Maritime Day gets Pope’s blessing
WORLD Maritime Day now enjoys the backing of an authority even higher than International Maritime Organisation chief William O’Neil himself, writes David Osler .
- CP Ships quits talks on P&O Nedlloyd link
CP SHIPS was believed to be in takeover talks for P&O Nedlloyd as recently as a fortnight ago, but has since pulled out of the negotiations, Lloyd’s List understands.
- Shipowners put pay consensus under pressure
SHIPOWNERS are pushing for an almost 40% reduction in ratings pay on flag of convenience vessels, in a move that could shatter the industrial relations consensus of recent years.
- Citigroup sees consolidation as key to future of ports and boxships
LEADING investment bank Citigroup predicts more mergers and acquisitions in container shipping and other sectors with some major transactions to come.
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| SEPTEMBER 24, 2003 |
- Karachi arrests Tasman Spirit crew
KARACHI Port Trust has informed agents of its intention to initiate the arrest of the master and six crew members of the wrecked Polembros tanker Tasman Spirit. Diplomatic sources in Islamabad told Fairplay the Pakistan National Shipping Corp was advised late yesterday to arrange accommodation in which the crew would be held under house arrest
- Tsavliris twist for poor Pappas
GREEK salvor Tsavliris has asked Pakistani authorities to accept George Tsavliris, brother of Tsavliris Salvage owner Nikos, in place of salvage master Nikos Pappas
- ISPS warning becomes deafening
MARITIME Cyprus 2003 conference delegates heard today that if they have not read the ISPS Code yet, they were already in trouble
- Firmer hull rates ahead, says S&P
HULL insurance rates are expected to rise significantly at the next renewal, ratings agency Standards & Poor’s believes
- Storm gathers over Pappas detention
A DIPLOMATIC storm is brewing between Greece and Pakistan over the contentious detention in Karachi of Tsavliris salvage master Nikos Pappas
- Euro MPs vote for Prestige probe
THE European Parliament has voted in favour of setting up a temporary committee to investigate the causes and consequences of the Prestige disaster
- Drydocks revealed as Malta headache
- Japanese terminal operator on track
- UN advises Pakistan on pollution
- AIDA Cruises goes Italian
- ITF suspects Pakistani crew fraud
- Bank backing for Chinese boxships
- Activists target Kuwait sheep ship
- MOL ballast filter test a success
- Grounded car carrier refloated
- Brazil yard agrees vessel price cut
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| SEPTEMBER 24, 2003 |
- Trans-Pacific lines plan 20% rate hike
Despite a sluggish peak shipping season this year, carriers in the eastbound Pacific plan to raise their rates about 20 percent in the 2004-05 contracting season.
- Customs delayed on new ACE release; Option 4 exporter filing preserved
The release of the Automated Commercial Environment slated for this winter, which will enable importers to create monthly statements and make periodic payments, won't be out until spring 2004.
- U.S. Postal Service to seek rate hikes
A senior official says the Postal Service plans to request a postage rate increase of at least 10 percent in October 2004.
- Asian airlines debut cargo Web portal
- Busan shippers: Improve or we’re gone
- CSX Intermodal adds direct Cinn. service
- UN sponsors logistics conference
- TPG buys Italian mail company
- Saporito to manage N.J. Marine Terminal
- KPMG taps Zuvich to lead trade and customs
- Central Freight Lines files for IPO
- Insurer: More Europe port strikes to come
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| SEPTEMBER 24, 2003 |
- Battling P&O Ports secures Eastern Deurganckdok concession
Antwerp has announced that it will divide the Deurganckdok between P&O Ports (POP) on the eastern side and Hesse Noord Natie (HNN) on the western side after months of wrangling.
- JNPT extends Terminal III bidding deadline
The board of Jawaharlal Nehru Port Trust (JNPT) decided to extend the deadline for Nhava Sheva’s Terminal III to November 30, at its meeting yesterday.
- Owners and charterers may see end to geared vessel premium, despite tight market
- Sealand Express goes to Durban for repairs
- Japan to develop super-hubs as regional transhipment competitors
- CN whittles Toronto container backlog by half, but fears volumes could rise again
- Korean truckers announce 10% rate rise
- Regional company for lower Saxon ports
- Test voyage on River Gouwe boost for Alphen Container Terminal viability
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| SEPTEMBER 24, 2003 |
- In the tank
Shipping shares suffer on bearish day in New York.
- Lockdown
Lane outages prompt transit delays in Panama Canal.
- OPEC cut stuns markets
Tanker stocks down in early New York trading.
- Cracks found in U-Ming capesize
Paris MOU port state control inspectors net 112 ships during August.
- All change at Eimskip
Complex share deals see two big investor blocs emerge at national Icelandic container line.
- Japan holds 50 ships in August
Big names absent from list as general cargo vessels make up bulk of detentions.
- VLCC booked for mystery storage deal
Offshore Malaysian outfit fixes elderly tanker on one-year period deal.
- Sheep shipment row escalates
Protestors block livestock carriers and New Zealand suspends Saudi trade.
- SCI bid deadline set
Government tries to re-energise privatisation process for shipping giant.
- Russian owner’s vessel claim in limbo
Court washes hands of North Caspian Sea Shipping’s bid to seize seven ships from insolvent Latvian operation.
- Thoresen Thai takes T&E bulker
Expanding Asian bulker owner buys second ship in a month.
- Hyundai Heavy juggles Mipo stake
Korean shipbuilder offloads yard shares to sister company Samho to boost finances.
- Coalition warns over fuel standards
Allied forces in Iraq tell owners to be wary of buying bunkers from "unauthorized" vendors.
- Choi named Korean maritime minister
Choi Lark-jung appointed as the new head of the Maritime Affairs and Fisheries ministry.
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| SEPTEMBER 24, 2003 |
- Maersk, Safmarine leave West Africa/U.S. discussion agreement
- China Shipping renames transpacific link
- WCO security task force to complete recommendations
- EU evaluates cargo security rules
- NIMA cites compliance with Canada 96-hour rule
- UPS implements software network to speed package flow
- JetBlue says names of cargo shippers not given to Torch
- Troy adds FCL, LCL routes
- Customs won’t meet Oct. 1 target for issuing advance manifest rules
- Shippers, logistics providers: 3PL model alive and well
- Study: 3PLs need to focus more on value-added IT improvements
- USTR studies effects of higher U.S. steel tariffs
- China inland transport suffers roadblocks
- U.S.-Central America trade pact "high priority"
- European Union, China agree to collaborate on "Galileo"
- Smiths Medical unit signs with Exel in Benelux region
- Open Harbor releases trade management software
- Chinese logistics exhibition rescheduled Dec. 10-12
- CaribEx Worldwide adds El Salvador center
- Panama Canal breaks transit record
- Canada Customs installs gamma-ray scanner at Saint John port
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