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| AUGUST 28, 2003 |
Shipping News
- AP Moeller's container shipping activities recover
AP Moeller-Maersk's container shipping activities bounced back in the first half of 2003 on higher freight rates and improved volumes, but the good result came with a cautious warning that a long list of uncertainties could still affect its full year.
- Aussie port body may target crew competency
AUSTRALIA'S port state control body is examining new options to eliminate sub-standard ships from its coastline, but it has indicated that its greatest challenge lies in raising the competency of ship's crews.
- Arisons to sell 32m Carnival shares
CARNIVAL Corp, the world's largest cruise-line operator, said chief executive Micky Arison and his family will sell as many as 32 million shares over the next two years to diversify their finances.
- Hamburg Sud change
HAMBURG Sud has dropped its Kien Hung brand for liner services between Asia, South and West Africa and South America, opting to operate them under its own banner.
Air and Land Transport
- Sars plunges China Air to H1 loss of NT$905m
CHINA Airlines, Taiwan's largest carrier, suffered a net loss of NT$905 million for the first half of 2003 as people shunned travel due to the Sars outbreak.
- Boeing cuts price in bid to win Air India deal
- Air France, KLM need lucrative alliance, not risky merger: analysts
- Commercial flights to Basra delayed for security reasons
- Hundreds of airline pilots trained to use guns: US agency
- Guarantee needed on DHL sale: rivals
Features
- Zipping through security - here's how
SHORT of flying naked and empty-handed, there's no sure way to breeze through airport security checkpoints these days.
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| AUGUST 28, 2003 |
- Korean shippers see profits boom after rate hikes
- Sinotrans happy as turnover jumps 30pc
- Tesco Czech business to Tibbett and Britten
- Sea dyke to boost shipbuilding in Vietnam province
- Grounded vessel still troubled off Cape Town
- Hamburg Sud ship makes century of Mediterranean calls
- Ryder man Hicks is top driver
- SAS Cargo puts freighter on JFK, Copenhagen route
- Continental expands with KLM codeshare deal
- Pudong set to have China's biggest airport warehouse park
- Schoffel takes on DHL
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| AUGUST 28, 2003 |
- Export growth to Asian nations higher than to US & European Union in 2002-03
- Tight Customs rules discouraging palm oil imports
- NDDB may import 10,000 tonnes of skimmed milk powder
- India, Pak to swap lists of more items for tariff concessions
- Chinese plastic ophthalmic lens face anti-dumping duty
- India bought more Saudi crude in 2002-03
- Vizag Port sets new record by loading 27,775 tonnes of ilmenite sand with 12 hooks
- Mundra Port to get coveted ISO 9001:2000 certificate
- CONCOR-NW Region’s ‘Performance Award Function’ tomorrow
- 18 port connectivity projects: Rlys scouting for private partners
- Rly Minister rules out CONCOR divestment
- Experts list steps needed to boost flower exports
- Govt urged to halt kerosene imports by private retailers
- SC dismisses plea challenging entry tax
- Rupee appreciation has led to export competitiveness, affirms Jaitley
- Work on phase-I of Navi Mumbai SEZ set to start in Jan. 2004
- PDEXCIL invites EoIs for developing hi-tech weaving park at Palladam
- Govt seeks exporters’ opinion on invoicing in rupee
- 4-month diploma course in exim management in Pune begins from Sept. 7
- US WTO expert to speak at IMC on anti-dumping today
- Madhusudan H. Kotak to be felicitated on Sat.
- Plastpack 2003 to be held from Dec. 19 to 22
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| AUGUST 27, 2003 |
- US Gulf markets softer, BP selling out in New Orleans
Suppliers and brokers said that BP Marine, who has announced their departure from the New Orleans bunker market with effect from September 1st, is currently undercutting all the competition in this port in a bid to sell out remaining stock.
- BP Marine trims US Gulf operations
Independent suppliers pick up the baton as BP Marine ceases supply in several US Gulf ports, including New Orleans.
- Oil prices fall after contradictory US inventory figures
Traditionally, the market tends to heed the DOE more than the API, but this week the API served up figures that seemed to be more credible than those from the DOE, and oil prices have headed a little south.
- African bunker market update
- Latvia: Bunker move
- Little to complain about for Piraeus players
- Are Korea's topped tanks about to become an advantage?
- New Saudi posted prices
- Market slightly up in Rotterdam
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| AUGUST 27, 2003 |
- ECU-Line Turkey: New country manager
- NOL reports increase in first half profit
- Pakistani airline jumps into lucrative domestic market
- "Autorack" for moving cars by road, rail and sea
- GeoLogistics provider for ABB Lummus Global in Saudi Arabia
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| AUGUST 27, 2003 |
- NSA backtrack on net wages
- Improved tank and liner rates lifts Maersk result
- Yard subsidy report well received
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| AUGUST 27, 2003 |
- Arisons to sell some Carnival stock
Up to 32 million shares over two years
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| AUGUST 27, 2003 |
- Coast Guard security unit returns from Iraq to Tacoma
- Three Ready Reserve Force vessels meet Turbo Activation deadline
- Security screeners find travelers hiding weapons in strange places
- Panama Canal deepening project nears halfway completion mark
- UPS offering new service coordinating logistics activity
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| AUGUST 28, 2003 |
- Taca set for final round of 10-year legal fight
A DECADE-long legal confrontation between Brussels and some of the world’s biggest container lines will draw to a dramatic finale next month when three judges reveal whether record-breaking fines are to be upheld.
- Maersk Sealand chief to head new lobby group
MAERSK Sealand chief executive Knud Stubkjaer has been elected head of a newly formed liner shipping lobby group, writes Janet Porter.
- Hutchison boss Meredith slams boxport league tables
BOXPORT league tables are irrelevant and misleading, says the world’s largest container terminal operator.
- Crisis time for Tordenskjold and stranded crew
STRANDED crew aboard a general cargo carrier off Panama were down to their last rations yesterday as troubled Norwegian owner Tordenskjold was suspended from the Oslo Børs and faces official bankruptcy.
- Yang Ming in line for record
A SEVENFOLD increase in half year profits has put Yang Ming Marine Transport Corp on course for a record year, writes Sam Chambers.
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| AUGUST 27, 2003 |
- Tug hides suspicious cargo
- Dutch yard accusations fly
- Have your say!
- Sealand salvage master pessimistic
- Export demand boosts Singamas
- Jordan joins diseased sheep ban
- Martinique producers plead for help
- Truck tax still on course for Nov 2
- James Fisher plans for growth
- Tasman salvor brings in new tanker
- Angry passengers arrive in Jeddah
- French acquire Song of Flower
- Saudis reject West Australian sheep
- Japan releases North Korean ferry
- Truckers' strike fizzling out
- PTP parent denies Singapore talks
- New head for Malaysian ship fund
- Korea-China rates to go up again
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| AUGUST 27, 2003 |
- Germany, EU settle toll dispute
Effective Nov. 2, trucks over 12 tons traveling on the German autobahn will face the 14-cent-a-mile toll. Shippers are likely to bear the cost.
- Some Korean truckers return to work
The first cracks are appearing in the determination of some 30,000 South Korean truck drivers to continue a strike that has crippled the country's ports, but the main union remains defiant.
- India, Bangladesh boost port security
The measures, in part the result of U.S. pressure, will include scanning of containers shipped to and from their countries.
- Customs extends port limits at Portland, Maine
- ILWU set to resume talks with Vancouver port employers
- AStar proclaims independence as trial gets under way
- Zim to start Tampa-Jamaica service
- Profit dives at Air France
- Automation helps carriers expedite container repairs
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| AUGUST 27, 2003 |
- Optimistic negotiators take a week's recess in Vancouver labour talks
After reporting ‘some progress’ in yesterday’s negotiations on Canada's West Coast waterfront labour dispute, federal mediator Bill Lewis asked the two sides to recess and to reconvene next Tuesday.
- Feeders keep HR charter index idling
- Rate increases forced by capacity over-supply on Korea/China trades
- Indian ports face three-hour protest strike
- Olivermar targets Brazilian cabotage cargo
- Korean truckers continue to return to work
- SITC and TS Lines agree slot swap
- Indian Government averts prolonged West Bengal dispute
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| AUGUST 27, 2003 |
- LNG comes to Bear Head
Energy company to develop Canadian port for gas imports.
- Commodore Cruises maxed out
Credit card firm loses claim to liquidation proceeds.
- Golar snaps up Charlie Peile
Experienced LNG hand gets his ships back.
- TFDS storms back in second quarter
Big profit for Norwegian ferry owner as passenger numbers soar between April and June.
- Samskip launches new continental link
Icelandic container line introduces weekly Belgium and Netherlands service.
- Anek slims its loss
Greek ferry owner glimpses daylight after earlier restructuring efforts.
- Lithuanian Shipping awaits court ruling
State property fund must respond to rejected bidder’s lawsuit over cargoship owner’s sell-off.
- BG fixes Golar LNG ship for spot cargo
UK energy company takes on vessel in advance of long-term charter.
- Tordenskjold heads for bankruptcy
Future of troubled Norwegian cement carrier looks to be in hands of Bergen court.
- Borgestad bleeds red ink
US dollar exchange rate woes play havoc with earnings for Norwegian open hatch bulker player.
- Fisher bites fleet renewal bullet
Smaller tankers on the way out as UK owner seeks to build on strong first half.
- Israel Corp cuts losses
Ofer family’s boxship investment vehicle improves slightly in second quarter.
- SembCorp Marine eyes new yard
Singapore company considering re-locating its operations to a new shipyard in west of island.
- Kvaerner Masa-Yards ups profit
But turnover down at Finnish yard as new orders fail to materialise and jobs are threatened.
- Boxship boom boosts Yang Ming
Taiwanese owner turns in sky-high interims as flourishing Asian trade ups containership demand.
- CIS directors set for windfall
Executives set to cash in on the dramatic rise in the value of shares in Cosco Investment (Singapore).
- Growth in US cruise numbers
Maritime Administration figures show a sizeable increase in second quarter passenger levels.
- Delays to BC Ferries service
Disruption to Canadian ferry route after recently refitted ferry suffers mechanical problems.
- A&P makes it Brostrom hat-trick
UK shiprepair group's Falmouth yard chalks up more work from Swedish owner.
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