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| JANUARY 31, 2003 |
Shipping News
- S'pore set to retain leadas world's busiest port
TOTAL vessel calls at Singapore's port dipped last year by 2.4 per cent to 142,745 from the year before, while total gross tonnage of these vessels rose 1.2 per cent to a record level of 971.7 million gross tons , according to the maritime regulator.
- Patrols help cut pirate attacks in Malacca Straits
STEPPED-up vigilant patrols have been credited with the 'welcome drop' in piracy attacks in the notorious Malacca Straits that separate Indonesia from Singapore and Malaysia.
- Local yard ASL to list on mainboard soon
LOCAL shipyard ASL Marine Holdings Limited is set to become the latest marine industry IPO after it lodged its preliminary prospectus with the Monetary Authority of Singapore .
- Royal Caribbean cancels two sailings
ROYAL Caribbean Cruises, the world's second-largest cruise line company, cancelled two sailings of its Infinity ship to make repairs, reducing first-quarter profit by 3 cents to 4 cents a share.
Air and Land Transport
- Cathay-Dragonair case adjourned till March
CATHAY Pacific's controversial application to resume flights to China after a 12-year hiatus has been put aside until March, the judge chairing an inquiry said on Wednesday.
- UAL's law fees total US$2.4m for 3 weeks' work
- Unions oppose United's plan for low-cost carrier
- SIA to start flights to Bangalore
- Lufthansa sees tough 2003 for airline industry
- Boeing's new plane project
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| JANUARY 30, 2003 |
- 1.2 per cent growth Singapore port
Singapore's shipping port handled a record 971.7 million gross tons in 2002, eclipsing the 960.1 million for the previous year, marking a 1.2 per cent rise year-on-year.
- Rail intermodal up, carload down
Intermodal traffic on U.S. railroads was up sharply from last year during the week ended January 25, but carload was down, the Association of American Railroads (AAR) reported today.
- APL urges final effort for manifest deadline
With enforcement of U.S. Customs' advance manifest rule beginning February 2, APL today urged shippers bringing goods into the United States for a final effort to achieve full compliance.
- EU acting against TPG state share
The European Union Commission is planning to take legal action against Italy, the Netherlands and Denmark over laws allowing government influence in former state-owned companies, like in postal and express company TPG NV (TNT Post) and Copenhagen Airport.
- CSX 4th-quarter profits more than double
CSX, one of the biggest rail and intermodal operators in the US, said today that quarterly earnings rose from a year earlier on a pickup in merchandise shipments.
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| JANUARY 31, 2003 |
- Maersk Sealand, partners introducing 2 new weekly direct services from Feb. - Dedicated to serving N. America W. Coast/Oceania trade
- Bimco to hold shipping seminars in Jakarta & Bali
- Kalmar signs rental pact with ASSI Domän
- MOL expects steady cargo growth through to 2005
- APL goes in for flatter, leaner structure - 2 top executives quit, regional units cut to 4
- New shipping rules ‘may force out smaller firms’
- Rickmers adds newbuildings to RTW Pearl String service
- Container transportation to Europe up by 7 pc in 2002
- TMM Lines makes San Juan call part of Med/US West Coast run
- Dilipkumar M. Gandhi is new Minister of State for Shipping
- Maersk India joins hands with Concor for new CFS in Dadri, near Delhi - Crown Prince of Denmark to lay foundation stone
- IWAI sets up advisory panel for subsidy scheme
- India seeks MoU with Spain on market access
- Iran ready to export more crude to India
- Plea for safeguard duty on vegoil imports rejected
- ChPT offers 20 pc rebate in ship-related charges to mainline vessels - Move aimed at converting Chennai Port into a hub
- Commerce Ministry officials, Fieo hold talks on non-tariff barriers
- Only 11 varieties certified as basmati - Govt moves to rectify damage to Indian brand image
- IMC international convention on SEZs draws excellent response
- Foreign Trade Analysis: Current Policy & Procedures - Classroom lessons for new exporters - 9
- IMC meet with England’s E. Midlands team on Monday
- IMC interactive meet on ‘New US Customs Regulations’ on Feb. 4
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| JANUARY 30, 2003 |
- ARA Region: Markets seem nervous
- Daily bunker market report from Praxis Energy Agents
- US: Products stocks slide as refiners cut runs
- High winds hamper bunkering in Istanbul
- Tighter Japanese avails on horizon as refinery run cutbacks loom
- Strait of Istanbul: Traffic resumed
- Novorossiysk: Port still closed
- Rotterdam market firmimg
- Buyers take advantage before Italian market moves higher
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| JANUARY 30, 2003 |
- Shippers warned of approaching 24-hour rule deadline
- Emirates Airline unveils extensive expansion plan for 2003
- 60% increase in container freight in second half 2002 at EWS
- Fuji Photo Film renews contract with Ryder
- Award for Service Excellence 2002 given to HPL Sea Freight Ltd.
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| JANUARY 30, 2003 |
- EMSA boss appointed
- EU wants international maritime safety offensive
- Five Norwegian yards busy into 2004
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| JANUARY 30, 2003 |
- Tampa-Cuba ferry service planned
New role for Scotia Prince
- Britain splits carrier project
Thales design chosen, but BAE Systems will be prime contractor
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| JANUARY 30, 2003 |
- Corps of Engineers sets repair closures for Columbia and Snake river locks
- General Maritime buying 19 tankers from Athens-based shipping company
- New figures show steel imports make slight dip during December
- Seattle Port Commissioners grant Sea-Tac Airport lease to Hudson
- MarAd rule protects jobs of merchant seamen who serve nation
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| JANUARY 31, 2003 |
- UK yards clinch £10bn deal to build two aircraft carriers
BRITAIN’S shipbuilding industry yesterday was thrown the promise of more than a decade of secure employment for 12,000 shipyard workers as the government opted for UK defence giant BAE Systems to build two new aircraft carriers for the Royal Navy.
- Italy follows Spain in banning single-hull tankers
Italy will protect its shorelines from a potential oil spill with legislation similar to that now in force in Spain, Mr Lunardi told foreign correspondents in Rome.
- Will General Maritime stop at Metrostar?
Peter Georgiopoulos has refused to rule General Maritime out of the race to buy American Eagle Tankers, the aframax specialist that looks set to be sold by Neptune Orient Lines, despite the company’s $525m purchase of Metrostar Management's 19-strong tanker fleet, writes Tony Gray.
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| JANUARY 30, 2003 |
- APL says manifest compliance high
- Stena Europe drifts off Irish coast
- Peru LNG project clears concerns
- Royal Caribbean's wave warning
- Swedish split over conditions
- APL Lanka agency bid thrown out
- Captains reject strike rumours
- USCG builds up Mid-East presence
- UN targets Liberia once again
- Cunard cancels NZ call
- Singapore names new MPA chairman
- Piracy increase in 2002
- Israel votes funds for ports
- CP Ships sees profits slip
- French owners support EU measures
- Genmar cements massive tanker deal
- Newhaven deal 'not strictly lawful'
- Odessos considers Varna bid
- Singapore bunker supplier acquitted
- Manila talks cruise with Star
- Ferry route linked to steel plans
- Shallow water prompts grain warning
- Prestige: Bahamas blames Spain
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| JANUARY 30, 2003 |
- U.S. air cargo makes late-year surge, but still flying under record levels
A December rally helped airlines post a modest 3.2 percent gain last year, but volumes have yet to approach the highs of 2000.
- Ship terror attacks increase
The International Maritime Bureau urged maritime states to step up anti-terror patrols of coastal waters as attacks on commercial shipping continue to rise.
- SIA Cargo sets China-U.S. direct flights
Singapore Airlines Cargo plans to launch direct flights between China and the United States beginning in April.
- WCO revises tariff codes
- U.S. slates Philippines air talks
- TPG, Deutsche Post in Hays bid?
- Charleston sites box hub at naval base
- Cathay-Dragonair scrap breaks - for now
- BDP approved for AMS filing
- Port of New Orleans handles largest boxship
- FDA sets advance filing for food imports
- Port security plan was tested by West Coast shutdown: CG
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| JANUARY 30, 2003 |
- Dunkirk spirit: APM Terminals on brink of new deal
Inter Ferry Boats (IFB) is negotiating the sale of its 60% stake in the Dunkirk deepsea terminal NFTI with AP Møller Terminals (APMT).
- China’s ports see massive cargo growth in 2002
- HK looks to boost volumes with four key logistics initiatives
- Docenave and MOL set up Brazilian feeder joint venture
- More funding for Australian inland rail
- Elbe barge operations benefit as shippers turn away from trucks
- Auckland volumes end year on high
- Exel joins Zim logistics venture
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| JANUARY 30, 2003 |
- 'A dream come true'
Peter G's Genmar shares rise through the afternoon on tough day for Wall Street.
- London Club set for much better year
The P&I club that covers the Prestige spill is set for a near breakeven result.
- Kirby barges forward
Houston company concludes "second best" year with earnings slightly weaker than 2001 figures.
- Shipowner drops Olympic bid
Stamatis Restis pulls out of bid to buy troubled airline.
- Genmar supersizes
Metrostar acquisition expected to boost earnings, slice operating costs, Georgiopoulos tells analysts.
- Merger breakdown boosts RCCL
More passengers paying more revive fortunes of second biggest cruise line.
- Metrostar could net $100m plus on resales
Two suezmax tankers on order at Samsung should set a market price.
- Partial power restored aboard Stena ferry
Stena Europe back on course after engine failure off Ireland.
- Excel commits to Sinotrans stock
Supply chain manager will plough $10m into new listing.
- Revenues rocket at Evergreen
Taiwanese containership giant records sharp rise in yearly and monthly sales.
- B&N warns of $6.4m loss
Misfortune and restructuring costs drive Swedish owner into the red.
- Interisland Line boosts profit
Exchange gains help New Zealand ferry owner’s interim figures.
- Ensco takes Venezuelan hit
US offshore shipowner writes down assets due to political upheavals, lowering 2002 profits.
- Peter Livanos ups Odfjell stake
Greek shipowner turns a profit on astute share sale and purchase deals.
- Hyundai units under fire
Shipowning and yard arms accused of financial irregularities.
- NYK orders VLCC newbuilding trio
Japanese owner gets very early delivery dates as it strives to replace single-hull tonnage.
- Genmar to pay up to $520m for Metrostar
Boss Peter Georgiopoulos says he is "excited" about the deal.
- Sea Containers chief sells shares
James Sherwood collects $2m for his impending retirement.
- NOL: customers ready for CSI
Owner says 90% of shippers ready for security initiative.
- US box initiative boosts INTTRA
Web-based service says demand for document processing soars.
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