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| JULY 28, 2003 |
Shipping News
- Top 3 European ports chalk up record growth
EUROPE's three busiest ports - Rotterdam, Antwerp and Bremen - have enjoyed record first half volumes, prompting one to predict that a full year record 'is feasible' at current trade rates. 28/07/03
- European lines defend anti-trust immunity
EUROPEAN carriers have 'forcefully' defended the controversial anti-trust immunity granted to rate-setting liner conferences in a submission to the European Commission , which is currently considering abolishing the privilege.
- Port of Piraeus goes public
THE Piraeus Port Authority , one of Europe's biggest harbours, went public last Friday after a quarter of the state-owned company's share capital was sold to private investors on the Athens Stock Exchange.
- Great Eastern's profit soars
GREAT Eastern Shipping Co, India's biggest non-state shipping company, said first-quarter profit tripled to a record as expanding trading boosted freight rates.
Air and Land Transport
- Asian airlines fill seats but profits still grounded
PASSENGERS have returned to Asia's Sars-buffeted airlines but free tickets and heavy discounts are putting pressure on already paltry bottom lines.
- Union anger showing in clashes at BA, Delta
- Unions may cause BA to go bankrupt: Eddington
- Boeing 757 jet's future looks bleak as orders dry up
- Virgin Blue confirms float in Q4
Dockyard
- New job for surveyor: supervising recycling
THE environmental campaign group Greenpeace has been busy in recent weeks, publicising its campaign against the way ship recycling is carried out.
Ship Sales
- SHIP SALES
ACTIVITY is still running high with deals being reported throughout the dry bulk and tanker sectors although the holiday season is drawing near.
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| JULY 28, 2003 |
- MOL chosen to ship reactors to Shanghai
- CN sees net income drop
- Experts create virtual maritime institute
- Chuck Mack appointed as teamsters port director
- Canada, Singapore complete fifth round of talks on FTA
- Maritime security measures to increase cost for shippers
- Exel to acquire Brazilian healthcare logistics firm
- SAS Cargo increases freight capacity to Far East
- PIA launches domestic courier service `Speedex'
- UPS reports strong Q2 performance
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| JULY 28, 2003 |
- Imports of 104 ‘sensitive’ items surge in 2002-03
- GIFT survey brings out vast potential for container trade at Vizag Port - ...suggests transhipment hub for Myanmar-Bangladesh cargo
- Torrential rains affect Kandla Port operations
- Bedi port establishes loading rate record
- KPSAA postpones revision of THC, box-related charges
- CONCOR MD, A. K. Kohli announces slew of new facilities for ex-im trade at ICD-Nagpur
- CII urges immediate repairs of unusable roads in Dronagiri Node
- IMC panel discussion on Companies Bill
- RBI reviewing pre-shipment packing credit rates
- Clearing Corp provides forex trading platform for banks from Aug. 7
- TIDP opens new doors for exporters in 15-member EU
- Fieo to hold buyer-seller meets in 3 Saudi cities in Sept.
- No change in paddy support price
- Exim Bank extends $ 10-m credit line to Djibouti
- Zonal DGFT concedes problem of DEPB relogging; to take it up with HQ
- Special addl duty on SEZ units’ sales in DTA to be waived from August 15
- RIMC panel discussion on Companies Bill
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| JULY 25, 2003 |
- Virus alert as random e-mails pop up in brokers' in-box
A rather nasty virus apparently made the rounds in the bunker industry a few weeks ago, spreading like a wild-fire as it raided one e-mail address book after another to pass itself onwards. With this freshly on the mind, a broker in the UK was therefore alarmed when he received unexplained copies of bunker enquires to a supplier in Asia alongside solicitations from a consulting company to come and visit their bunker website.
- African review, markets mixed
- Crude edges lower after US natgas build
There seems to be a degree of consensus in the crude market at present that prices are trading at about the level that current fundamentals justify, which for June and July has been a WTI prices of $30 to $31 with occasional forays into slightly higher or lower territory.
- Rotterdam steady this morning, tight prompt supply
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| JULY 25, 2003 |
- Tordenskjold suspended
- WTO panel to decide on EU-Korea dispute
- Reduced Russian heavy fuel exports through the Baltics
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| JULY 25, 2003 |
- RTMC delivers eye-catching tour boat
65 ft, 125 passenger boat handles high speeds and rough water
- Chinese yards poised to increase market share
A new report finds that Chinese shipbuilding capacity has been greatly underestimated
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| JULY 28, 2003 |
- UK Navy to defy phase-out of single hulls
THE British Ministry of Defence plans to flout international shipping regulations on the phasing out of single hull tankers by operating its ageing flotilla of naval support oil transporters into the next decade.
- ITF poised to agree two-tier pay scales
THE International Transport Workers’ Federation is set to concede two-tier pay scales for ratings despite considerable internal opposition from hardline affiliates.
- Brussels gets tough with 10 Erika rule defaulters
Brussels has started legal action against 10 member states which have yet to adopt into national law key aspects of the European Commission’s Erika maritime safety package that came into force last week, writes Roger Hailey.
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| JULY 25, 2003 |
- Europe proposes 24-hour notice
- Scholten stresses port investment
- Bremen top for general cargo
- Low river water takes its toll
- EU aid guidelines worry managers
- Rotterdam agrees on nuclear search
- Honoured Cascos under fire
- Experts assess Vinashin accidents
- Grindrod manoeuvres for concessions
- Vancouver shows first cruise fall
- Tordenskjold seeks debt solutions
- EC names and shames over Erika
- Hamburg Süd drops Kien Hung name
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| JULY 25, 2003 |
- West Coast boxes slow in June
Imports hit lull before the peak shipping season kicks in later in the summer.
- ILA OKs mid-term contract changes
The International Longshoremen's Association has given its president the power to modify a collective-bargaining agreement in mid-term if "called for by the then-prevailing conditions."
- FedEx, UPS ask court to order former DHL Airways owner to testify
Integrators get nervous as deadlines loom in DOT probe of airline's ownership.
- ITF targets 'ports of convenience'
- Taiwan pushes port trade zones
- Indian operator sets up cold storage chain
- Polar Air Cargo launches Asia-Europe service
- N.J. Gov. to reimburse ILA for trip
- UPS sells aviation tech unit
- OAG upgrades CargoDisk
- U.S., Russia discuss maritime educational exchange
- Freighter captain pleads guilty to navigating drunk
- EU proposes '24-hour' rule for ocean shipments
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| JULY 25, 2003 |
- CP Ships reveals plans for regional logistics divisions
CP Ships is considering entering the logistics market within the next three to six months, COO Frank Halliwell has revealed to ci-online.
- Commission raises pressure on planned German road toll
The European Commission yesterday threatened to initiate breech of contract proceedings against Germany if the August 31 introduction of its controversial truck toll creates disturbances in the European transport market.
- Maersk ship chemical leak injures seven in Tacoma
Seven people were taken ill following a release of chemical fumes from a hazardous substance on the Axel Maersk, which was docked at Port of Tacoma yesterday.
- Emergent Good Hope Express replaces old consortium
- Global economy drives Rotterdam and Antwerp container growth
- Birth of well-connected African port/logistics venture
- US seeks comments on import/export advance notice rule
- Shanghai looks for sign from foreign investors before revealing Yangshan plans
- Fresh round of US port security grant applications invited
- Inchon and China develop maritime link
- Korean ministry adds to port development funds
- Buenos Aires expects first volume gain for five years
- RCL hunts mid-size newbuilds as yards dry up
- Shippers, carriers demand further Dehli/Chennai rate cuts
- Evergreen, NWA exchange Asia/USEC slots
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| JULY 25, 2003 |
- Genmar hooks up with Lukoil
Owner signs COA with Russians and rings NYSE bell to celebrate two years.
- Carnival's Zemnick retires
Financier's contribution described as "immeasurable".
- Caspian Sea panamax bonanza
Deal to build up to 12 tankers to carry crude to Iran could be worth nearly $500m.
- Sea Containers juggles finances
Modest take-up as just one in five investors agrees to bond swap.
- OMI takes Tamar
Second newbuild on charter to BP delivered to US owner.
- EC takes legal action against ten states
Total of 112 ships face ban as Europe cracks down on Erika legislation.
- Tonnage tax win for red duster
Zodiac moves long term chartered ships to avoid port state control hassle.
- More red ink for Fred Olsen
Quoted Bonheur and Ganger Rolf offshoots hit by cruise and rig downturn.
- Maersk boxship hit by hazardous leak
Seven people hospitalised in Port of Tacoma after Axel Maersk suffers mystery vapour release.
- Tordenskjold bids to resolve option issue
Three wise men to determine value of Tor Johan Stuve’s Cem Bulk Carriers options.
- PSA slashes pay
Some staff salaries cut by up to 14% as port operator instigates performance related remuneration.
- Tidewater inks Pan United AHTS
Singapore yard ends order drought with deal from world's largest offshore operator.
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| JULY 25, 2003 |
- Two picked to head legal activities at DOT agencies
- SEC clears Pacer's registration statement for stock offering
- U.S. Customs clarifies user fee rules
- Elite introduces expanded export management software
- APHIS proposes increased veterinary diagnostics user fees
- U.S. catfish producers score victory over Vietnamese shippers
- Customs nixes initial procedures for wool import duty refunds
- U.S. makes push for free trade agreement with Morocco
- U.S. Customs raises bar against counterfeit imports
- FDA reports progress to protect food imports from terrorists
- Senate shoots down amendments to boost homeland security funding
- Port activity in Hong Kong restored after storm
- ILWU crew hospitalized after leak from Maersk ship in Tacoma
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