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| AUGUST 26, 2003 |
Shipping News
- Malaysia acts on effects of intense port rivlary
MALAYSIA's government has discouraged intense competition between its own terminal operators and has committed to fund upgrades at the country's smaller ports after concerns were raised that they would be overlooked in favour of the Port of Tanjung Pelepas and Port Klang.
- More firms keen to open new lines at Qingdao port
FOLLOWING huge capital injections by three world shipping giants into China's Qingdao port, the dream of this northern harbour to become a top global port may not be too far off.
- Two cruise passengers fall ill with Legionnaires'
TWO passengers on a North Sea cruise ship have contracted the highly infectious Legionnaires' disease, German health authorities said.
- Ship prices seen rising on demand for new vessels
SHIPBUILDERS may be able to raise prices as demand grows for tankers, natural gas carriers and container ships, Oslo-based shipbroker Fearnleys said.
- Siphoning of oil from tanker resumes
CREWS on Sunday restarted siphoning oil from a damaged tanker that became stranded in the Arabian Sea near the southern port city of Karachi about a month ago, officials said.
- World's second biggest oil tanker may be sold for scrap
NORWEGIAN shipping magnate John Fredriksen may have sold the world's second-biggest oil tanker, the Sea Giant, to demolition for scrap steel, a shipbroker said.
Air and Land Transport
- Air France counts on travel pick-up to meet profit target
THE worst is over for Air France and chief Air France chief executive Jean-Cyril Spinetta is counting on a recovery in demand for air travel and growth at the Paris Charles de Gaulle Airport to meet his target of reporting a profit before interest and taxes and underpin the stock's 58 per cent increase this year.
- Shanghai Airport's H1 profit down 22%
- Swiss defends faulty maps for pilots
- Russian air show big hit with public, less so in terms of deals
- Log Book
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| AUGUST 26, 2003 |
- Reduced turn-time set to save millions for operators
- Transpacific lines to increase lumber prices
- Ecu-Line expands operations and cuts transit times
- New president, CEO for USF
- Tonnage fears allayed as OOIL jumps to US$80m profit
- Qantas flies into profit despite adversity
- Cargo strong as Dragonair sees passenger numbers rise
- Hong Kong airport exhibition centre gearing up
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| AUGUST 26, 2003 |
- Court can order ship’s arrest even before it enters territorial waters: HC
- India seeks German aid to get higher sugar export quota from EU
- SEAI signs MoUs with US, Canada oilseeds trade
- India’s share in world tea exports rises by 1 pc
- Modi urges business leaders in Geneva to invest in Gujarat
- Bangla revokes ban on Indian sugar
- India’s thrust to capture American mint oil trade
- Mormugao Port handles fibreglass pipes cargo for first time
- TAMP move to overhaul tariff fixation mechanism
- IDFC against changes in revenue-sharing model for port projects
- JNPT tightening security at box terminals as per US norms
- Forex reserves swell by $ 297 million
- DGFT ready to ease steel import norms
- Rs 2,000-cr. proposed for textile industry revamp
- RBI extends repatriation facility for another year
- Forex reserves total $ 85.415 bn
- Inflation rate falls to 3.95 pc
- Services rendered free of cost not taxable: CBEC
- 2-wheeler sales register 5 pc growth in April-July
- Core sector projects costs escalate
- GDP growth may exceed 6.5 pc in 2003-04: RBI chief
- Petronet LNG plans Rs 600-cr. expansion of Dahej terminal
- Govt decision on tariff cover for pepper awaited: Spices Board
- FDI entry in plantation sector barred for now
- Tea trade wants SEZ status for Coimbatore
- Dereservation of small plastic units sought
- Freshwater prawn output may go up by 30 pc
- Cotton yarn EOUs make profit
- Govt simplifies drawback brand rate fixation procedures
- Interactive meeting on ‘Outlook for Rupee’
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| AUGUST 25, 2003 |
- Gianfranco Legitimo is new president of Trenitalia
- Rise in transatlantic rates
- New AA services from DFW
- Railion Benelux achieves volume growth, despite recession
- Bank of Scotland finances TNT Express vehicles
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| AUGUST 25, 2003 |
- "Sea-Land Express" salvage race against time
- Good order intake at Aker Kvaerner
- Riga Sea Line in the black
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| AUGUST 25, 2003 |
- Redundancies at Kvaerner Philly
Kvaerner Philadelphia Shipyard is starting to cut jobs and more cuts are on the way.
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| AUGUST 25, 2003 |
- Gunderson Marine nets orders for three new cargo barges
- NYK Line plans to build pair of new double-hull tankers
- Improvements at Portland Airport mean end of childrens' play plane
- NASCO delivers NORTH STAR to Totem Ocean Trailer Express
- Coast Guard nabs fishing boats for multiple safety violations
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| AUGUST 26, 2003 |
- Health teams poised at Dover after legionnaire’s disease scare on liner
UK health authorities at Dover are to inspect the Madeira-registered cruise liner Ocean Monarch (above) after three passengers were taken off at Cuxhaven with suspected legionnaire’s disease.
- IHC Caland to axe troubled yard with loss of 400 jobs
Dutch offshore and shipbuilding group IHC Caland is to close its van der Giessen-de Noord yard, with the loss of nearly 400 jobs.
- Sembcorp lines up new yard site to replace Jurong and Sembawang
SEMBCORP Marine is considering whether to build a new shipyard in Singapore as a longer term replacement for its Jurong and Sembawang yards.
- CMA CGM orders eight more 8,000 teu vessels
CMA CGM is adding to its fleet of 8,000 teu tonnage with an order for another eight, writes Janet Porter.
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| AUGUST 25, 2003 |
- Shippers unite to beat strikes
- HSD Engine names new President
- Controversial ferry docks in Japan
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| AUGUST 25, 2003 |
- Peak season off to a slow start
West Coast ports experienced steady, but not spectacular growth in containerized imports from Asia in July, indicating that the peak shipping season in the eastbound Pacific has not yet begun.
- Korean ports suffer as truckers dig in
Some ships are sailing empty from the Port of Pusan as a strike by truck drivers shows no signs of early settlement.
- GT Nexus, Open Harbor ink pact
The two companies have formed a strategic initiative that will integrate Open Harbor's trade security, compliance and documentation services with GT Nexus's logistics management, global visibility and event-management systems.
- Customs opens C-TPAT to some foreign manufacturers
- P&O Nedlloyd drops Gioia Tauro from US-Med services
- Kvaerner posts big loss on Phila. shipyard problems
- Schneider unit launches service to match shipments, equipment
- Kuwait plans to open new port
- DOT official to deliver keynote address at Breakbulk Conference
- BA to expand freighter service to India
- Companies seek security-efficiency balance
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| AUGUST 25, 2003 |
- Sceptical Antwerp threatens litigation on Scheldt dredge
Antwerp is considering international legal action to force The Netherlands to agree to the deepening of the River Scheldt, on which Antwerp Port depends.
- Korean Government responds to trucker's strike
- Rate recovery forces analysts to re-think NOL income predictions
- Frustrated Korean shippers consider long-term truck solution
- TSA reassures maritime industry over OSC vendors
- Norfolk Southern to operate reduced Labor Day service
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| AUGUST 25, 2003 |
- Insurer builds up cargo business
New York Marine signs new deal with Southern Marine & Aviation.
- Avondale to get $112m overhaul
State of Louisiana puts up half of total investment.
- No legal challenge to Ghost Ship deal
Yards drop suit plans to protect relationship with MarAd.
- Norden profit soars
Danish tanker and bulker player ups year-end forecast.
- Weather delays lightering of Sea-Land Express
Salvors to test out airlifting of containers from stranded Maersk boxship.
- Judge knocks out Valdez award
Decision likely to cut punitive damages paid by ExxonMobil.
- West of England confirms loss
P&I club’s free reserves shrink by $12.8m, but deficit down on last year's total.
- Age Korsvold to chair Western Bulk
Investment company chief to take more active role after Australia losses.
- Aker Kvaerner bleeds red ink
Kvaerner Philadelphia incurs loss for Norwegian giant.
- IHC Caland opts to close yard
Dutch engineering group decides to sub-divide business as profit falls.
- More oil leaks from Tasman Spirit
Stranded tanker breaks up further as weather halts salvage operations.
- Sasebo ups annual revenue forecast
Japanese turns in first ever-quarterly figures, but omits net income total.
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