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| MARCH 31, 2003 |
Shipping News
- Int'l cruise lines continue to give S'pore a miss
INTERNATIONAL cruise lines continued to shun Singapore due to the contagious viral Sars fears, with Japanese liner Pacific Venus bypassing a scheduled call at the port yesterday, the fourth to change its plans last week.
- Profit of AP Moller's liner unit plunges 67%
DANISH industrial and shipping conglomerate AP Moller reported a 41 per cent rise in net profit to 12 billion Danish kroner for the full-year 2002 while its container shipping and related businesses saw profits plummet nearly 67 per cent year-on-year.
- Recent pirate attacks rouse terrorist fears
A spate of attacks on chemical tankers by pirates armed with automatic weapons in Indonesian waters has heightened concern over their vulnerability to terror groups, a Malaysian security official said yesterday.
- Modern Terminals eyes stake in Dachan Bay project
HONG Kong's second-largest container terminal operator, Modern Terminals, plans to take a significant stake in the newest project in the rapidly expanding Shenzhen complex just across the border on the mainland.
Air and Land Transport
- Sars outbreak a threat to traveller confidence in Asia
AIRLINE screening and quarantine for passengers who may be infected with severe acute respiratory syndrome continues as industry analysts warn that the viral outbreak poses a serious threat to traveller confidence in the region.
- EU will not subsidise airlines over Iraq war
- United to cut pilots' pay by 30% under proposed deal
- JAL, ANA ratings may be cut: Moody's
- MAS eyeing more destinations in India
- Log Book
Liner Scene
- Will EC end anti-trust immunity for conferences?
LAST week was a busy one for those of us who follow the twists and turns of the debate over anti-trust immunity for liner shipping companies.
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| MARCH 31, 2003 |
- Cronos Group 2002 net income, revenue dip as rates fall
- China NVOCC licence for GPS
- Tracy Lienbach installed as interim CFO of Ryder System
- Columbia Coastal's new New York barge service starts
- Macau Airport net loss figure 46pc healthier in 2002
- Chinese airlines adopt CSA's flight code
- Continental wields the axe
- American Airlines Cargo launches new web site
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| MARCH 31, 2003 |
- Bunker surcharge to be cut by $ 10 w.e.f. May 1 - Surprise move by IPBCC
- War-risk premia for ships calling Iraq zoom - Aid shipments to Iraq hit most
- CoPT, KRL settlement on SBM wharfage rate
- Concor to move 50 boxes to Chennai ex-ICD-Balasore
- CONCOR's ICD-Nagpur despatches 1st reefer container to NSICT
- Exporters' bodies form joint action panel to plead for tax sops
- CBEC turns down JACTI plea for Cenvat abolition - Powerlooms closure from April 1 likely
- Policy on trading of diesel, petrol, wheat may continue
- Commerce Ministry rules out war impact on exports for 2002-03 fiscal
- Exim Policy may focus on services sector
- Govt may roll back excise duty on edible oils
- CII study makes out wish-list for plastics, metal industries
- ECGC to roll out 2 new products, rationalise premium structure
- CST cut to be effective only after Finance Bill is passed
- Seminar on 'New initiatives in mango marketing'
- Iraq war fallout
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| MARCH 28, 2003 |
- Daily Bunker market report from Praxis Energy Agents (Friday)
- EU: Small tankers get 5-year exemption from single-hull ban
- African market snapshots
- Gibraltar reacts to market pressure
- Daily Bunker market report from Praxis Energy Agents (Thursday)
- Rotterdam leaps higher in nervous market
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| MARCH 28, 2003 |
- New vessels to Transfennica
- No agreement on Fosen
- Deteriorating finances in NSA
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| MARCH 28, 2003 |
- Deception in Iraqi waters
Things aren't always what they seem
- Virginia cuts yards a break on TBT
According to a story in the Virginian Pilot today, six major shipyards in Hampton Roads have received new state permits for "discharging a highly toxic pesticide known as TBT into local waterways,
- EU moves ahead on tanker restrictions
Transportation ministers endorse commission proposals
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| MARCH 28, 2003 |
- Ports of Seattle and Tacoma deliver OSC projects to feds
- Weekly rail traffic numbers top counts from same time last year
- Port of Portland earmarks $56,250 for environmental partnership grants
- Portland Planning Bureau releases harbor area study findings
- DHL agrees to $1.05 billion deal to buy Airborne's ground operations
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| MARCH 31, 2003 |
- Brussels piles pressure on liner conferences
THE European Commission is stepping up pressure to curtail the activities of liner conferences, with two of the world's biggest told to toe the line.
- War cover leaps again as conflict continues
WAR risk insurance cover for ships bound for Iraq reportedly hit 7.5%-10% of vessel value, with unconfirmed suggestions of rates as high as 12%.
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| MARCH 28, 2003 |
- EC forces car carriers to compete
- PDV Marina refutes class rumours
- Unpaid crew sue Essco Maritime
- Gulf: Iran worried by terror boats
- Canberra widens towage competition
- Bourbon targets offshore sector
- Gulf: India reins in war risk cover
- Europe agrees single hull ban
- German yard crisis hits suppliers
- P&O team awarded Thai terminal
- Anglo Eastern to train in China
- Seyang fleet renewal continues
- Tankers hit by gunfire in Malacca
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| MARCH 28, 2003 |
- Canadian interests back U.S.
Canadian trade and transportation leaders at a conference in Calgary almost unanimously criticized their federal government for not supporting the U.S.-led war on Iraq.
- FEFC ro-ro carriers scrap price-fixing
The Far Eastern Freight Conference stopped collectively fixing rates to transport cars between Europe and Asia following an investigation by the EU.
- Cutbacks threaten air-cargo security
Theft of air cargo has dropped tremendously due to new security measures introduced since Sept. 11, but cutbacks by airlines could undermine those gains, an industry executive warns.
- EU approves plan to open rail freight industry
- No supplemental funding for port security
- Little support exists for Air Canada bailout
- Nelson steps down as Ryder CFO
- Air France joins BA, Lufthansa in capacity cuts
- WTO: U.S. steel tariffs violate trade rules
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| MARCH 28, 2003 |
- Industry shuns Scapa Flow terminal but ICHL presses on
International Container Hubs Limited (ICHL), the company planning to build a container terminal on Scapa Flow, is confident it can find private investors for the project.
- New service upheaval for Australia/East Asia?
Another re-alignment of Australia/East Asia carriers may be on the cards, following reports of a planned tie-up between Zim, Evergreen and ANL.
- Judges could take months to rule on TACA case
- Maersk Logistics 'poised to gain critical mass'
- Asian box shortage hits Indian exports
- Extra tonnage boosts Europe/Med schedule
- European port shuffle for CHKY's Asia/Europe CEX
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| MARCH 28, 2003 |
- Dorado doubles
Heidenreich-run products pool scores all seven OMI-El Paso tankers.
- Duel at El Paso?
Suspension of chartering manager ripples through market.
- Two more strikes
Paria and Caura latest PDV Marina tankers to lose trading approval.
- Car carriers face price fixing probe
European Commission forces top lines to compete in Far East trade.
- Ferry sale continues at Trasmediterranea
No sooner has one ship been sold than another two are put up for sale by privatised Spanish owner.
- Yard team begins to inspect fire-damaged aframax
Police finish investigation into blaze on Prisco tanker at Split Shipyard in Croatia.
- Iranian port operations halted
Activity suspended at ports of Abadan and Khorramshahr because of war in Iraq.
- Middle East lines push up box rates
Europe to Persian Gulf carriers add big risk surcharges because of war in Iraq.
- MISC jumps at VLCC option
Malaysian owner embarks on large tanker voyage of discovery.
- EU gives green light to single hull ban
Ministers sign up to tougher tanker requirements.
- Norden orders in China
Danish owner teams up with Denholm in $50m order for two product carriers.
- Port fights Jody F damages claim
Japanese owner Soki Kisen is suing Gisborne port for damages over New Zealand grounding last year.
- Analysts upbeat on Carnival
Despite market woes investment firms are bullish on the world's number 1 cruise company.
- MISC gets commitment on LNG newbuildings
Malaysian giant ties up new gas carrier contracts, as it eyes next batch of ships.
- Baltic Shipyard plans bond issue
St Petersburg shipbuilder looking to raise up to RUR 1bn in June.
- Seawheel spins Simon to a loss
UK group's container line dragged it into the red in 2002, but it remains upbeat for the future.
- Great Eastern eyes up third OSG panamax
Confirmation of second tanker emerges as Indian owner moves to grow fleet.
- Pacific trades make strong start to 2003
January was ninth month out of ten when containers moved from Asia to the US exceeded 700,000.
- Star details anti-SARS measures
Cruise firm outlines measures it is taking to combat fatal disease that is terrorising Asia.
- Royal Caribbean inks $500m credit facility
World's number two cruise line re-jigs its available finances, albeit at a much lower level.
- Tsakos accepts Inca
Greek owner takes delivery of latest coated panamax tanker form Japan's Imabari Shipyards.
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| MARCH 28, 2003 |
- Washington State fines tanker owner $81,000 after spill
- Matson Navigation seeks buyer for 2 Kvaerner ships
- NYK appoints new directors, executive officers
- U.S. air freight grows 5% in February
- Atlas stops payments on long-term obligations
- Columbia Coastal starts inland express barge service
- Texas-Cuba trade alliance to hold meeting may 14-15
- NYK Logistics (Europe) acquires TTG-Edam
- Coast Guard units take over captured oil platforms in Persian Gulf
- Three security employees arrested in Port Everglades
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