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| SEPTEMBER 26, 2003 |
Shipping News
- DHL Danzas seeks future growth in China
WITH its China business growing 35 per cent annually for the last six years, DHL Danzas Air & Ocean is eyeing the country's vast domestic transportation market as a key source of future growth.
- HNN loses terminal concession to P&O Ports
PSA Corporation's wholly-owned Belgium subsidiary Hesse Noord Natie has lost one of its earlier-granted concessions to operate terminals in Antwerp's major port expansion to rival P&O Ports - and potentially Maersk.
- Queen Mary II undergoes sea trials
THE Queen Mary II, the biggest and most luxurious passenger ship ever built, was to take to the seas for the first time yesterday for a series of tests ahead of its maiden voyage in January.
- Shipping lines planning to hike freight rates to US by 15%
NEPTUNE Orient Lines , Mitsui OSK Lines and rivals plan to increase rates for carrying cargo to the US from Asia, the world's busiest container trade route, by as much as 15 per cent in May 2004, as cargo demand outpaces growth in capacity.
Air and Land Transport
- Equity links key to Europe's air alliance talks
PRESSED between three larger airlines and surging low-fare rivals, Dutch carrier KLM needs to clinch an equity tie-up with Air France to help ensure it survives the squeeze.
- Qantas diverts 4 flights due to Sydney jet fuel shortage
- Air France mulls all business-class flights to African oil hubs
- LOG Book
Admiralty Casebook
- Head charterer can enforce contractual lien
THE Court of Appeal recently upheld a decision by the High Court that the head charterer of a vessel could enforce a contractual lien to claim almost US$2 million in demurrage for delays at a discharge port in China and in Singapore.
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| SEPTEMBER 26, 2003 |
- DGS begins process to usher in ISPS code at ports
- Tea exports to Pak, Iraq set to soar
- Dumping probe into hexamine import from Iran suspended
- Bulk sales of imported auto fuels face probe
- Biotech cos exported over half of their output in 2002-03: Study
- Bangla set to import more Indian sugar
- SC asks Centre to notify list of banned toxic wastes
- Tuticorin Port Trust seeks public opinion on Sethusamudram project
- Ennore Port being considered as ideal gateway for car exportsr
- Gujarat MEANS business now - A-I to link Ahmedabad with more foreign destinations
- CWC signs MoU with Canadian firm to build cold storagesr
- Car manufacturers want strict control on imports retained
- Direct tax collection system to be revamped-CBDT chief
- Draft policy on setting up SBM facility ready
- Industry will maintain export tempo, feels ICMF chief - Cotton textile exports post 8 pc growth in 2002-03
- Surplus farm output may pull down prices
- RBI makes things easier for EEFC account holders, project/service exporters
- Non-NHDP road projects on BOT basis finalised
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| SEPTEMBER 25, 2003 |
- US West Coast: Demand remains thin, markets yet to react?
- Gulf Coast firm, suppliers anticipate further bullishness
- Multiple supply issues in firm ARA market
Markets in the ARA region seem to be suffering numerous operational problems this week.These problems have helped provide a little support for prices but they are by no means the only bullish factors in the market.
- Sri Lanka: New player reveals expansion plans
Lanka Maritime Services, a new player in Sri Lanka's bunker market, plans to expand its supply capacity after it begun to sell marine gas oil in the port of Colombo in May this year.
- INTERTANKO's Council meets in London
- Singapore residual stocks back near August highs
It may still take some time before Singapore's currently ample fuel oil stocks are eroded by Chinese import demands.
- Japanese domestic/bonded gap increases once more
The Japanese domestic avails situation yet again opens the market to undercutting by bonded product.
- Italian numbers surge with demand
- Buyers step aside as prices surge in Singapore
While buyers mostly decided to postpone their decision today thinking prices will ease again soon after today's sharp rise, suppliers were more divided in their opinions.
- Rotterdam firms with crude and barges
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| SEPTEMBER 25, 2003 |
- Port of Portland: Marine Operations General Manager retires
- Emera increases Aqaba congestion surcharge
- SAS to slash prices
- Pacer International moves its Cartage business to Pacer Stacktrain
- Forwarding Kuehne & Nagel opens new airfreight terminal in Frankfurt
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| SEPTEMBER 25, 2003 |
- OPEC in surprise production cut
- Refinancing at Frontline toned down
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| SEPTEMBER 25, 2003 |
- Richard du Moulin joins Tidewater Board
- Roekke in liquidity crunch
Orkla could go after his personal assets--including Aker-Kvaerner holdings
- Philippines yard gets another ferry order
FBM Babcock to build cat for Doeksen
- Isabel damages USCG HQ
Two levels flooded
- INTERTANKO and INTERCARGO to share secretariat
To be headed by INTERTANKO's Peter Swift
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| SEPTEMBER 25, 2003 |
- Longview port board Oks sale of Warehouse 16 property
- Oregon governor schedules trade mission to Europe
- All tickets sold for Oregon Maritime Museum event
- Sunken boat leaves oil spill at Cap Sante Marina in Anacortes
- NYK earns Liberian government nod for security officer training practices
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| SEPTEMBER 26, 2003 |
- Røkke default fear puts cloud over Aker yard
NORWEGIAN billionaire industrialist Kjell Inge Røkke faces a massive debt repayment default next week that could jeopardise his ownership of ailing shipbuilder and engineer Aker Kvaerner.
- Statoil picks Five as caretaker chairwoman
ENERGY giant Statoil has appointed Kaci Kullman Five, a former senior executive with Kjell Inge RØkke’s holding company Aker RGI and former Norwegian trade minister, as caretaker chairman, writes Jerry Frank.
- Opec output cut fuels rise in bunker prices
SHIPOWNERS are faced with higher fuel costs after the Organisation of Petroleum Exporting Countries announced a shock production cut earlier this week.
- Tycoon Fredriksen top of his league
NORWEGIAN tanker tycoon John Fredriksen has supplanted Aker Kvaerner owner Kjell Inge RØkke as Norway’s wealthiest individual, according to a survey of the nation’s 400 richest people.
- Helmepa fears for ‘terrorised’ personnel in Karachi
ANTI-pollution body the Hellenic Marine Environment Protection Association has voiced its "deep concern" over the reaction in Pakistan to personnel involved in the Tasman Spirit oil spill and its aftermath.
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| SEPTEMBER 25, 2003 |
- HELMEPA speaks out on detention
GREEK environmental organisation HELMEPA has congratulated George Tsavliris, president of Cyprus sister organisation CYMEPA, for offering to change places with Tsavliris salvage master Nikos Pappas
- ISU bids for single voice
THE International Salvage Union has announced that it will be taking on associate members in a bid to boost its international presence
- Mediation ordered in Norway case
A federal court judge in Miami has ordered Norwegian Cruise Lines to begin mediation with lawyers representing families of the victims of the Norway boiler explosion
- Asia-US trade box rates to increase
MAJOR shipping lines operating on the Asia-US trade have recommended that rates for 40-ft containers should be increased from 1 May 2004
- Bush under pressure on steel tariff
US President Bush is coming under increasing pressure from the steel industry and the steelworkers union to continue with the tariffs he imposed in 2002
- Moby takes third stake in Enermar
ITALIAN ferry owner Moby has bought a 30% share of smaller compatriot Enermar, the first such alliance between two Italian ferry lines
- MCA dismisses ghost ship journalese
- Search on for missing engineer
- Have your say!
- Spain plays down Prestige probe
- Blohm + Voss extends working time
- Transneft rejects Ventspils return
- NZ delays Saudi sheep shipment
- Human error grounded Chariot
- Korea to build 63 box berths by 2005
- HHI on course to new record
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| SEPTEMBER 25, 2003 |
- Market dragged by sluggish economy
After several down years, breakbulk specialists hoped for a rebound in 2003. So far, it hasn't happened.
- Broker: More big boxships on order
Orders of new container ships over 4,000 TEUs continue to grow, while orders for smaller ships lag behind, according to a new report.
- Congress approves homeland funding
The House and Senate have approved $29.4 billion in appropriations for the Department of Homeland Security, which is $1 billion more than the Bush administration requested.
- Congress rejects container fee proposal
- EU to rule on carriers’ anti-trust appeal
- Japan plans port makeover
- Asian airlines debut cargo Web portal
- Bulk increase for Port of Brunswick
- General Maritime signs time charters for Aframax bulkers
- APL Logistics adds Brunei
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| SEPTEMBER 25, 2003 |
- Mumbai siltation forces vessels to by-pass port
Delays in dredging Mumbai are threatening to undermine the port as some vessels, unable to enter the harbour, are by-passing the facility.
- The Israeli Shippers’ Council (ISC) has revealed it is in discussion with Egyptian and Jordanian ports in the face of an Israeli port workers’ strike called for September 30.
- TSA rates to rise US$450 and US$600 per FEU for inbound US cargo
Transpacific shipping lines are thanking their investors and signalling confidence in continuing growth on their trade routes by announcing large guideline rate rises into US ports.
- Canadian intermodal industry to debate service improvements
- South Korea to build 15 12,000TEU ship berths
- San Diego pays $6.1million for construction mistake
- Taiwanese shipping hangs on APM contract renewals
- German shipowner spends US$160million, with sharp rise in boxship price
- Coscon river container service to give Zhejiang Province sea access
- Australian export gloom sustained
- Shanghai and Nantong agree development deal
- Auckland throughput rising again
- Rio Grande’s Tecon puts another Gottwald HMK 300 E in operation
- Billionaires yield to containership
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| SEPTEMBER 25, 2003 |
- Peter Georgiopoulos fixes OBOs
Aframax charter deal worth $126m if all options taken up.
- Parliament calls for Euro coastguard
Prestige spill could lead to new shipping surveillance organisation.
- Vetting of LNG ships on the rise
Charterers demand more detailed assessment of vessels as trades increase.
- BigLift joins small fry on Canadian list
Dutch heavy-lift vessel one of four that failed port state checks during August.
- Shipowners in the money
John Fredriksen (left) and Wilhelmsen brothers top Norway's wealth league.
- Lavinia cuts ownership in Riga Transport
Greek owner sells off a third of its stake in Latvian reefer operator.
- $50m or $50,000?
Lawyers assess the difference between a US or Filipino hearing for the SS Norway blast victims.
- UK ferry passenger numbers droop
Short-sea journeys slump in first half, with key port of Dover badly hit.
- Bad hair day for P&O Cruises
Swimming pool gives Oceana passengers a bright new image.
- Cosco Pacific feels the love
Bond issue five times’ oversubscribed by investors.
- Transpacific lines plot rate rise
"Robust" market prompts 14 boxship owners to aim for another hike when contracts expire next year.
- Navibulgar tries again on Varna
Bulgarian shipowner seeks partner to take controlling stake in its Black Sea shipyard.
- Doris in pole position for Jadroplov
Swiss ship manager is the only bidder left standing in race for Croatian bulker and boxship operator.
- U-Ming explains detention
Taiwan owner protests that grounded capesize bulker was held on route to repair yard.
- Rudolf Schepers orders in Korea
Hanjin four ship deal lures owner from allegiance to German yards.
- Prisco scrapes into profit
Russian tanker owner gearing up for Sakhalin project with better first-half results.
- Wet and dry set for closer ties
Industry associations Intertanko and Intercargo to establish joint secretariat.
- Jaya directors in the money
Lim Jiew Keng makes sizeable paper profit after exercising share options in Singapore firm.
- FESAMEC holds fire on Bandar Abbas
Container conference delays introducing congestion surcharge at Iranian port.
- Wartsila inks Sovcomflot contract
Finnish marine engine builder wins genset deal for Russian owner's domestic newbuildings.
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| SEPTEMBER 25, 2003 |
- Deppe Linie withdraws from liner shipping, Atlantic
- TSA lines plan further rate increases in 2004
- EU evaluates cargo security rules
- GAO assesses risks facing US-VISIT program
- FedEx Supply Chain Services, Cap Gemini launch new software
- Bush administration kick starts road projects
- COSCO transfers stake in logistics arm to COSCO Pacific
- APL Logistics starts activities in Brunei
- Census delays AES licensing program, cracks down on Option 4 filing
- PBB to provide expertise on FDA rules
- Report: North American ports to handle 50 millions TEUs by 2010
- Antwerp port awards concessions to P&O Ports and HNN
- CSX World Terminals names Foltz VP operations
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