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| FEBRUARY 2, 2004 |
Shipping News
- PSA among 7 shortlisted for Cochin port project
PSA Corporation is among 7 terminal operators shortlisted from 14 bidding to run a container transhipment facility at India's Cochin Port.
- Ice slows barge traffic on Illinois River
BARGE traffic on the Illinois River, a major grain artery to export terminals at the US Gulf, has slowed considerably due to ice and tow restrictions that have been put in place.
- Multraship recovers 3 containers of toxic cargo
NETHERLANDS-based Multraship Salvage says it has successfully recovered three containers loaded with toxic cargo lost overboard in the North Sea from the Ethiopian vessel Andinet.
- Wijsmuller refloats capesize bulker
A Wijsmuller Salvage team, working with Chilean-based CPT, has refloated the capesize bulk carrier Yiosonas.
- ExxonMobil hit with US$4.5b damages ruling
PICTURE shows tug boats towing the oil tanker Exxon Valdez off Bligh Reef in Prince William Sound to a harbour near Naked Island for repair and salvage efforts, two weeks after the tanker ran aground on 24 March, 1989, and spilled 11 million gallons of crude oil.
Air and Land Transport
- No-frills air industry awaits key EU ruling on Ryanair
THE European Commission is to deliver a ruling on Ryanair tomorrow tipped to go against the low-cost carrier, amid conflicting views over whether the decision could harm the whole of Europe's booming no-frills air industry.
- Ryanair may face class action suit for airport wheelchair fee
- American Air sets up first Vietnam office
- Delta to invest in Kennedy Airport
- Cork Airport seizes Swiss jet after Irish bankruptcy
- Chugging into Aussie history
Ship Sales
- SHIP SALES
EVEN with the Chinese New Year break, there has been no let up in the ferocious activity in the dry bulk market.
Liner Scene
- Fragile rate recovery continues
EARLY last year there was cautious optimism on the part of the liner companies tempered by concern over the effect of Sars.
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| FEBRUARY 2, 2004 |
- Calls for BC ports to expand infrastructure
- Construction of Savannah berth begins
- CNF reports improved fourth quarter results
- MOL sails away with carrier awards
- Sweden plagued by ongoing airline strike
- Boeing back on fast track as earnings grow
- Kitty Hawk appoints new chief financial officer
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| JANUARY 30, 2004 |
- California: Can bunker tax exemption bring redemption?
By the time the bunker tax exemption is reinstated, Californian ports will have been suffering due to the tax for approximately 16 months. Can the state's bunker industry recover? Will sales volumes ever reach pre-tax levels? Or is the damage caused irreparable?
- We surveyed California's bunker suppliers to see what they thought...
- New large barge christened in Rotterdam today
The Vancouver is a large vessel, but at 4,200 MT capacity it is not considered a "mega-barge" like the Vlissingen.
- Baltic softens into the weekend
Bears in the Baltic have really stuck in their claws in the latter half of this week, with most players over the region seeing some large price falls today on the back of sentiment brewing since Tuesday/ Wednesday.
- Singapore fuel oil market unimpressed by falling crude
So why are fuel oil fundamentals so strong? There are two current dominant theories in the Singapore bunker market, one to do with off-spec fuel oil cargoes, the other to do with expectations of a pick-up in Chinese demand.
- Port Kembla bunkering operations slightly affected by fire
- Rotterdam softens with crude, cutterstock still tight
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| JANUARY 30, 2004 |
- Rotterdam joins German inland shipping portal
- Italy: Environmentists and tourism industry fight new freeway
- Rhenus Alpina acquires Georg Fischer Speditionslogistik AG
- Celsius First opens new transport hub
- British Airways to slash costs
- German seaports are optimistic about 2004
- Stinnes AG appoints new head of construction materials division
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| JANUARY 30, 2004 |
- "Rocknes" stability 100 per cent OK
SSG-GÖTEBORG: During the conversion of Rocknes, the classificiation society carried out extensive tests and calculations and stability met all exisiting international ...
- 30.01.04 Danish International Register still a quality register
SSG-RINGKØBING: The Danish International Ship Register (DIS) has avoided being declared a Flag of Convenience (FoC) by the International Transport Federation ...
- 30.01.04 Tarbit orders high safety, ice classed 25,000 tonner
SSG-GÖTEBORG: Tarbit Shipping in Skärhamn, Sweden has ordered a chem/product tanker of 25,000 tons deadweigth from Shanghai Edward in China ...
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| FEBRUARY 30, 2004 |
- Piracy incidents increase
International Maritime Bureau reports 445 attacks on ships occurred in 2003
- K-Sea acquires ITB
Units were formerly leased by SeaRiver
- $8.5 billion contract for Electric Boat
Navy inks multi-year Virginia class submarine contract
- Todd Pacific gets submarine work from EB
Work on OHIO conversion
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| JANUARY 30, 2004 |
- AT&T Wireless wins lease for Sea-Tac Airport services
- Rail freight totals roll to positive week
- DOT plans to inspect intermodal container chassis
- Clipper Group orders vessels from Cochin Shipyard in India
- FedEx Freight opens new Boise service center
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| FEBRUARY 2, 2004 |
- Vietnam coup as Graig places $322m order for 15 bulkers
GRAIG Investments has taken the plunge, as it did in China, and placed the largest ship export contracts in Vietnam to date, totalling $322.5m.
- IMO confronts ballast water poser
THE unlikely arena of ballast water looks set to offer the International Maritime Organisation further guidance on the reach of its authority, writes Hugh O’Mahony.
- Legal challenge to Hutchison over Felixstowe surcharge
BRITISH freight forwarders have warned Hutchison Ports that its container security surcharge at Felixstowe, due to start yesterday, may be unlawful under the 1964 Harbours Act.
- Tokyo bulker blitz finds room for improvement
THE Tokyo Memorandum of Understanding has acknow- ledged that there is room for improvement at all levels in Asia-Pacific bulker operations.
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| JANUARY 30, 2004 |
- Lloyd Werft to pull through: Lüken
LLOYD Werft head Werner Lüken remains optimistic that the company’s financial problems can be overcome, even though NCL has still to say when it will pay the next instalment on the Pride of America
- Pakistan to build liquids terminal
PAKISTAN is to set up a dedicated liquid cargo terminal at Muhammad bin Qasim Port to handle 4M tonnes of edible oil, molasses and other palm oil derivatives
- Curnow directors in court
THE case against five directors of UK-based Curnow Shipping over the alleged defrauding of the St Helena Line service commenced at Bristol Crown Court yesterday
- ISPS compliance could be problem
AN Australian port association leader says that while shipping companies and ports are on track for the ISPS Code, ship and port interfaces after 1 July could cause problems
- Non-compliant ships worry Oz ports
AUSTRALIA'S port association head warns that there could be problems with ship and port interfaces for months after the ISPS Code comes into effect on 1 July
- RCCL shares up despite $20M loss
ROYAL Caribbean Cruises Ltd shares staged a strong rise in Oslo today, one day after it reported a $20M net loss for last year’s fourth quarter
- Tirrenia privatisation plan dropped
- Panamax takes over the baton
- Onorato pulls Moby from Confitarma
- Danes DISmiss flag allegations
- Activists challenge nuclear shipment
- Multraship recovers Andinet drums
- Beetle-free boxship leaves Auckland
- Refinery would free up ice breakers
- Black Sea tankers getting smaller
- Festival's Flamenco, Bolero held
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| JANUARY 30, 2004 |
- Weather delays intermodal rail moves
Severe winter weather is snarling the nation's intermodal rail network from the Pacific Northwest to the East Coast.
- Late surge for international air freight
Traffic grew 4.9% in 2003, led by increase of 15.9% in Middle East.
- United cargo off 16%
- Northwest cargo revenue up in 2003
- LAX cargo volume up
- USF profit despite revenue slide
- Yellow Roadway profit up before charges
- Overnite spin-off hits profits
- FedEx board urges directors election
- Lufthansa: No plans to shift Asia base
- Ashcraft named quality manager at Sea Star
- Arrow Air gets reprieve
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| JANUARY 30, 2004 |
- Two carrier groups end peak season surcharges
Peak season surcharges (PSS) in two major Asia/Australia trades are to be removed from February 1, while rate rises have been announced in two others.
- German rail sector warns against not increasing capacity
- Atlantsskip pipped by Eimskip for US military transport contract
- Booming Hamburg brings forward expansion plans
- Dadri ICD opens with string of JV deals
- Stinnes Intermodal increases volumes, aiming for breakeven by 2005
- Sinotrans gains dominant share in leading southeast China forwarder
- Breakdown blights ANL’s PNG service
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| JANUARY 30, 2004 |
- K-Sea takes over tug-barge unit
Firm signs new deal with SeaRiver Maritime.
- Gilford says ‘buy’ Stelmar
Analyst predicts stock will rise 21%, though less than peers.
- Majestic tops bids for Olympia Countess
Royal Olympia’s arrested cruiseship attracts knock-down price.
- Kirby battles higher costs
Acquisitions bring more cash, but operating margins fall.
- Lys-Line to jumboise
Polish yard wins $11m deal to make sidedoor vessels 50% bigger.
- IHC Caland sees profit fall
Yard closure costs Dutch company dear as it moves to refocus on its offshore activities.
- Danes threaten ITF
Shipowners to sue if flag of convenience DIS-agreement disrupts fleet.
- Spot market boost for Great Eastern
Turbocharged China helps Indian owner double profit to $24m.
- Serbian yard stepping up production
Begej Shipyard aims to bring in revenues of $10m in 2004 thanks to helping hand from Dutch partner.
- Izar confirms tanker talks
Norwegian owner could provide much needed new business for Spanish yard.
- Mediobanca sells ferry group stake
Italian bank offloads holding in privatisation target Tirrenia - to the state.
- Exmar stays in the black
LNG income forms bedrock base for go-it-alone Belgian gas shipowner.
- Earnings soar at Essar
Indian owner’s profit more than doubles, as it sells offshore shipping unit.
- Vinashin inks Graig export deal
Vietnamese shipbuilding industry comes of age with deal to build handymax bulkers for UK owner.
- Kazakh owner awaits Russian tanker
Oil cargo volumes reach 2.5m tonnes at Kazmortransflot ahead of ship delivery this year.
- Prosafe confirms Serene Sky disposal
Oslo-listed offshore company gets $7.8m from sale of suezmax tanker to Chinese buyers.
- Curnow five accused of taking "backhanders"
Fraud trial hears accusations against directors of UK firm that ran mail ship to St Helena.
- Bunker rates impact Japan routes
Higher fuel costs mean moving cargoes to Europe, the Middle East and Australasia just got more costly.
- Labroy inks Seabulk newbuild
Singapore yard to deliver 50-metre support vessel to US shipowner in 14 months.
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| JANUARY 30, 2004 |
- Melbridge ceases operations
- Europe/Middle East carriers raise bunker charge, rates
- Rise in international packages, rates lift UPS profits
- Consolidated Freightways makes final exit from trucking
- Danzas, BDP file petitions for service contract exemptions
- DOT secretary Mineta unveils transportation services index
- Sen. Grassley turns up heat on Mexico's treatment of U.S. corn syrup
- Log-Net plans user conference in Orlando
- Christian Gibson, forklift inventor, dies at 89
- Cargo security manual published
- ILA, U.S. Maritime Alliance report contract progress
- Singapore still world's busiest port in vessel tonnage
- Port of Vancouver container traffic rose 6% in 2003
- Jeddah terminal's growth prompts investment
- APM Terminals, Eimskip sign Aarhus contract
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