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| MARCH 26, 2003 |
Shipping News
- Hutchison denies failing to fulfil Jakarta terminal contract
HUTCHISON Port Holdings managing director John Meredith has dismissed Indonesian government criticisms that it had failed to meet contract investment requirements in Jakarta as a lack of understanding about port management.
- Singamas still upbeat on '03 outlook despite war in Iraq
SINGAMAS Container Holdings Ltd, the world's second-largest shipping container maker, said on Monday that 2002 earnings jumped 42 per cent on contributions from recently acquired businesses and it remained upbeat on 2003 despite the US-led war against Iraq.
- Evergreen expands slot deals with 2 lines
TAIWAN's Evergreen Marine Corp has expanded its slot exchange arrangements with Yang Ming and Wan Hai on two more intra-Asia trades.
- Australia diverts livestock ship; trade hurt by rising premiums
AUSTRALIA's big livestock export trade is diverting a ship carrying 60,000 live sheep from some Gulf ports and is also being hit by rising insurance costs as a US-led war against Iraq accelerates, an industry body said.
Air and Land Transport
- Airlines brace for US$10b of war-related losses
WAR jitters continue to hit European airlines with travel demand slumping further and hopes for a quick end to the war in Iraq fading fast.
- Delta to cut 12% of capacity
- Arroyo slams security at Manila airport
- Thai Airways chalks up extra costs of 186m baht
- Swiss Air won't break even this year
- Finnair axing 1,200 jobs to raise profitability
Strait Talk
- Looking at aftermath of war and its impact on shipping
THE war in Iraq is having only a very limited direct effect on international shipping.
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| MARCH 26, 2003 |
- New slots for Evergreen Marine, Wan Hai Lines
- Yicheng branches out to Chile and the Caribbean
- Shanghaied exports victim of Lunar New Year, 24-hour rule
- NYK Shipmanagement hires a new assistant
- Grimaldi Naples floats new boat
- Ahlers celebrates five years in Asia
- TT Club fighting fit again in 2002
- FS Mackenzie launches new daily service to UK from Spain
- SIA, Lufthansa impose war surcharges, warn of delays
- Airborne considers selling ground operations to DHL
- American to lop 6pc off international schedule in April
- Dragonair to receive 10th A330 in early 2004 from lease firm
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| MARCH 26, 2003 |
- Dry bulk vessel freight rates shoot up
- NOL projects 11-fold jump in cargo insurance rates
- Anti-dumping duty on PSF from 4 countries imposed
- J&K to hold 'Kashmiri pashmina' fairs abroad
- 8 pc increase in coir exports during April-February 2002-03
- Auto-component exports may fetch over $ 800 m in 2002-03
- Japanese metcoke faces dumping probe
- India, US to sign customs cooperation agreement
- Loaded vessels at Kandla Port awaiting clearance for Gulf sailings
- Vizag Port sets new ore handling record
- Move to raise air freight rate worries jewellery exporters
- CHA staff back to work - Jawahar Customs
- Ministry of Road Transport shortlists developers for 48 non-NHDP projects
- Govt decides to retain DEPB scheme, make it simpler
- SEZ sops sought for all EOUs exporting 75 pc of production
- Exports must double by 2007, stresses DGFT
- Need to streamline domestic trade underscored
- 6 infrastructure industries record 3.9 pc growth in Feb.
- Commercial credit offtake doubles over a year
- IIFT to partner in Asia-EU small firms development project
- SBI, BoB allowed to open OBUs in SEZs
- Iraq war fallout - US airlines feel shock waves
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| MARCH 25, 2003 |
- Unusual price spread in Montreal as part of market falls sharply
- Ice conditions remain troublesome in Baltic ports
- Uruguay: Avails return with refinery production
- Crude recovery continues as supply optimism dilutes
- Cargo and War push Fujairah up more
- Tight avails and heavier Iraq fighting pushes Hong Kong higher
- NT Bunkering announces new General Director
- Single-hull fuel oil ban: EU ministers to decide this week
- Market rebound continues in Rotterdam
- Good oil tidings from Gladstone
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| MARCH 25, 2003 |
- Renko Schmidt appointed CEO of Buss Holding
- Nippon Yusen Kaisha (NYK) Logistics established by NYK in Middle East
- Air Logistics Group to represent Kalitta Air
- US Airways on the way out of Chapter 11 bankruptcy protection
- UASC shipping continues
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| MARCH 25, 2003 |
- Reconstruction of Umm Qasr awarded to American company
- Ekofisk contract to Aker Kvaerner
- IMO attacked by hackers
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| MARCH 25, 2003 |
- Pacificats sell for $13 million
Cost BC taxpayers over $300 million
- Luther Blount to return to shipbuilding?
Blount-Barker LLC files for receivership
- $6.4 million contract for Norshipco
Docking Selected Restricted Availability (DSRA) on the USS LABOON (DDG-58)
- USAID awards Umm Qasr contract
$4.8 million award to Seattle-based SSA
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| MARCH 26, 2003 |
- US to ship food aid to Iraq before end of month
LARGE quantities of food aid for Iraq are being prepared in the US for shipment before the end of this month.
- UK seafarer war bonus collapse
TALKS between UK merchant shipping unions and employers over bonuses for service in the Gulf broke down yesterday, after the two sides failed to agree the area in which the payments should apply.
- Stevedoring Services awarded contract to run Umm Qasr port
THE contract to run the deepwater port at Umm Qasr, the designated "aid corridor" for Iraq, has been awarded to Stevedoring Services of America, the biggest cargo handling and marine terminal group in the US.
- Iraqi oil exports slide by 75%
IRAQ'S official oil exports slid 75% to 443,000 bpd in the week ended March 21, after the United Nations effectively shut the country's main oil port by removing personnel ahead of the US-led attack on Iraq, UN officials said yesterday, Reuters reports.
- War risk quotes are still stable
LONDON insurance market sources said that war risk quotes to shipowners were stable for voyages to areas excluded from normal trading terms, writes James Brewer.
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| MARCH 25, 2003 |
- USCG quiet on Iraqi tanker crew
- Silversea Cruises confirms appeal
- PacifiCat embarrassment goes on
- Power play for Peruvian ports
- Lloyd Werft joins Village people
- Venezuela recovery still slow
- Ceres lures ACL from Halterm
- Jawaharlal Nehru strike called off
- Madrid took Prestige decision
- SCI unions bid to end sale process
- Short-sea needs state funding
- Internal EC battle over pilotage
- Spain confirms it will sue ABS
- Fincantieri anticipates tough year
- Gulf: Umm Qasr crucial to aid plan
- Stranded Mulheim to be broken up
- Euro consortium agrees Maputo deal
- Forth Ports sees better second half
- Gulf: aid ship heads for Umm Qasr
- Evergreen extends liner tie-ups
- Pan Continental team strengthened
- Meredith stands firm on Jakarta
- Gulf: SSA wins Umm Qasr contract
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| MARCH 25, 2003 |
- Special deliveries
As Germany's Deutsche Post gained a foothold in the lucrative U.S. parcel business by acquiring the ground operations of Airborne Inc., UPS unveiled an image rebranding amid increasing competition in the express delivery market.
- SSA to operate Umm Qasr port
Stevedoring Services of America has won a $4.8 million contract to run Iraq's only deepwater port.
- OMI says 1Q profit will beat estimates
- KLM Cargo imposes war surcharge
- China port expands online customs
- SIA wins first China fifth freedom rights
- Canada longshoremen OK West Coast pact
- CSX Transportation modifies fuel charge
- Detained tanker unloads cargo
- Carriersnet, EU discuss cargo security
- DOT, FedEx in dispute over 9-11 funds
- U.S.-Canada border fluid
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| MARCH 25, 2003 |
- APL files for massive increase in war charges
Shippers may soon have to pay up to 11 times more in surcharges for containers moving between North America and the Gulf nations.
- Panama Canal benefits from West Coast disruption
Panama Canal volumes are being driven up as shipping lines try to alleviate their dependence on West Coast ports following last year's labour dispute.
- New Maputo operator to move in after 2-year delay
- OOCL boosts China/S.E.Asia coverage
- Melbourne invites tenders for terminal/distripark
- SSA wins Iraqi port reconstruction contract
- Damaged vessel slashes ANL's Australia/NZ capacity
- New CSXWT Korea supremo to manage Busan investment
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| MARCH 25, 2003 |
- Silversea to appeal 9/11 loss
Cruise line hits back at claim it manipulated documents in pursuit of $47m claim.
- Owners face crew war battle
British shipowners and unions are in conflict over Gulf voyages.
- MarineProvider thrown a lifeline
But investors lose out as bankrupt e-commerce venture is sold for a song.
- MC Shipping upbeat on future prospects
US listed owner says operating income reached historical high in 2002.
- Mersey Docks wins Mozambique concession
UK ports operator to head consortium that will run Maputo, investing $70m.
- Huge profit at Fincantieri
Italian yard posts record figure in 2002, but is increasingly reliant on military contracts.
- CSDC hoists returns
China Shipping group company steams ahead after shedding boxship business.
- Bid to take Swedish Orient private
Top shareholders launch offer that values historic line at $4m.
- NITC tanker grounds in Suez Canal
Semi-laden National Iranian Tanker Co VLCC damaged but at anchor.
- ANL charters slots to cover for detained vessel
Quick rejig for Tasman Sea service following ANL Pioneer's lengthier than expected repairs.
- End of the road for Mahart's ocean shipping
Privatisation agency to sell Hungarian state owner's two cargoships.
- Revenues up at Rapska Plovidba
Croatian ferry owner grows business in 2002, as it confirms new domestic ship order.
- PacifiCat fiasco finally finished
Canada's BC Ferries auctions off costly unwanted fast ferries for a paltry $13m, but buyer unknown.
- Salvage impossible for RMS Mulheim
Stranded vessel will be allowed to break up off UK's Cornish coast.
- Dearth of accidents prompts Smit slump
Big salvage jobs come too late to prop up weaker results for Dutch group in 2002.
- Daewoo stake sale details emerge
Korean state-run financiers plan to offload 15% of yard shares to foreign investors.
- MHI appoints new president
Japanese shipyard giant will move Kazuo Tsukuda into the top slot in June.
- Austal identifies mystery customer
Fred Olsen emerges as the shipowner behind catamaran fast ferry ordered at Aussie builder.
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| MARCH 25, 2003 |
- UN Group convenes to draft harmonized cargo regime
- OOCL adds China/Southeast Asia service
- Profits surge by 82% at Hong Kong arm of China Shipping
- U.S. Air Force uses radio frequency technology to track air cargo
- UPS redesigns logo
- U.S. customs implements andean trade act benefits for textiles, Tuna
- Cap Gemini Ernst & Young names Matthews Supply Chain Director
- Management Dynamics names Cooke, Wyville Sales Directors
- A.N. Deringer picks G-Log for management software
- USDA turns up heat on bigleaf mahogany imports
- Department of Transportation's Hazmat rules take effect
- Deutsche Post acquires Airborne's U.S. ground operations for $1 billion
- Logistics, express fail to stop fall in Deutsche Post's operating profit for 2002
- Shanghai joint venture tops 20 million containers
- U.S. awards Iraqi port contract to SSA
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