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| MAY 27, 2003 |
Shipping News
- S'pore marine industry posts stellar growth
SINGAPORE's buoyant marine industry achieved a record turnover of almost $4.4 billion in 2002, boosted by stellar growth in the offshore sector.
- Boiler explosion on cruise ship kills 4 crew
FOUR crew members were killed and at least 17 others were injured on Sunday morning in an explosion and fire in a boiler room of Norwegian Cruise Lines' SS Norway, less than two hours after it docked in Miami after a week in the
- 28 killed in ferry collision off Manila
RESCUERS braved rough seas off the Philippines capital of Manila yesterday to search for people missing from a ferry collision that claimed 28 lives.
Air and Land Transport
- Australia mulling deal to allow Emirates more flights
THE Australian government is considering a deal with Emirates Airlines which it hopes will alleviate competition concerns over an alliance between Qantas and Air New Zealand, it was reported yesterday.
- BA considering bid for Virgin Atlantic: report
- String of technical failures were one-offs: Air NZ
- Swiss to slash jobs, cut fleet size further: report
- Ukrainian plane crashes in Turkey
- China Southern takes delivery of new planes
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| MAY 27, 2003 |
- HK, Shenzhen to build second cross-border bridge
- WWPC more global following vote to become single entity
- JICT, CMA CGM begin trial call for direct service to Europe
- Asian Terminals introduces SMS cargo tracking
- Singapore Airlines 2002-03 profit rises 69pc to US$618.69m
- Air Canada reports seeing more red in 2002
- Alaska to get seafood to US east coast faster this summer
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| MAY 27, 2003 |
- Planners urge MoS to expedite port, waterways projects
- Safmarine to upgrade Prime Express service from July 21 - Faster transit times, new destinations on offer
- G. E. Shipping plans to expand fleet
- Commerce Ministry may withdraw curbs on import of HR coils
- EU questions India on high textile tariffs
- LatAm cos keen on buying ayurvedic drugs
- Govt clubs sports goods with handicrafts to push up exports - SGEPC to hold ‘SPOT India-2003’ fair
- Customs’ stand on NSICT’s ‘unidirectional’ rule awaited - Empty containers exempt from rule
- CONCOR keen on CFSs in Madras EPZ & Cochin SEZ
- Forex reserves surged by $ 961 million to $ 78,559 million
- Infrastructure industries post 3.9 pc growth in April
- CII suggests incubation fund for SSIs
- Cheaper diesel, higher hire charges benefit truck owners
- Early monsoon hopes recede
- India Inc may join hands with Kuwaiti cos for slice of Bechtel’s sub-contracts - Reconstruction of war-battered Iraq
- Indian co sets up two warehouses in Iraq
- R. P. Rudy shifted to Civil Aviation, Shahnawaz Hussain given Textiles in revamped Cabinet
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| MAY 26, 2003 |
- Thiel reports first quarter results for 2003
- SBB Cargo: 18 multisystem locos for Switzerland-Italy cross-trades
- France temporarily revoked the Schengen agreement
- Eurogate handled 9.5 million teu in 2002
- Aid is on its way with ConFlo
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| MAY 26, 2003 |
- Norway to modify EU ferry proposal
- Four dead in cruise vessel explosion
- Top man in Rederi AB Gotland arrested for swindle
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| MAY 27, 2003 |
- NOL reverses record losses to post profit of $20m
NEPTUNE Orient Lines has pulled off a huge turnaround, reporting a $20m first quarter profit boosted by strong results from its tanker business.
- WHO Sars guidelines warn of 10-day ship quarantine
The World Health Organisation has announced new procedures for the management of probable cases of severe acute respiratory syndrome on international shipping, which include the possibility of holding an affected vessel and crew for up to 10 days in port.
- Bergesen investors scupper Helmut Sohmen’s buyout
A rump of investors has managed to hang onto shares in Bergesen following the failure of Helmut Sohmen, chairman of World-Wide Shipping, to secure the 90% threshold needed to take the Norwegian company private.
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| MAY 26, 2003 |
- NOL bounces back with $20M profit
- Search on for collision victims
- Asian Terminals emerges sole bidder
- Cruise ship blast kills four crew
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| MAY 26, 2003 |
- Leif Hoegh bows out
Norwegian owning family set to take full control next week.
- Paris MOU talks zero tolerance
Port state control grouping gunning for rogue owners.
- Oman LNG profit slides
Lower natural gas prices hit Middle East producer but spot sales climb.
- NOL banishes red ink
Embattled Singapore giant is upbeat on 2003 prospects.
- Fotis Poulides dead
Baltic vp and Medov founder dies after 60-years in shipping.
- Bergesen B-shareholders thwart Sohmen
Andreas Sohmen-Pao says "disappointed" but "comfortable" with position.
- Regal Empress sold
Imperial Majesty gets Regal ship for a snip.
- Vinashin woos foreign partners
Vietnam hopes to tie up newbuilding deal with Japanese players.
- Philippine ferry sinking leaves 25 dead
Over 200 rescued after small vessel collides with WG&A ferry off Manila.
- IMC inks Iraq salvage deal
Dubai contractor set to remove up to 19 sunken vessels at Umm Qasr by the end of the year.
- Strong start for Pacific trades
Both east and westbound box volumes reach their highest first quarter level in three years.
- Profits down at Singapore Shipping
Sharp decline in container charter rates in 2002 contribute to 17% slump in full year profits.
- Labroy sees modest profit increase
First quarter turnover up on larger fleet, while profits for the first three months inch up.
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