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| MAY 5, 2004 |
Shipping News
- Jaya to build small tankers in China
SINGAPORE shipbuilder and offshore marine support group Jaya Holdings plans to build small tankers in China to tap the demand surge for modern, double-hulled tonnage.
- PIL places order for its first panamax vessels
SINGAPORE's Pacific International Lines is venturing into the 'panamax' world with an order for its first 4,250 TEU box ships from China's Dalian New Shipbuilding Industries.
- China Shipping forecast to double its profit
CHINA Shipping Container Lines Co, which is planning a US$2 billion initial share sale, China's biggest this year, may more than double its profit in 2004 after it expanded capacity, according to the share sale's arrangers.
- Fasa event
THE Federation of Asean Shipowners' Associations has clarified that the cocktail reception-cum-dinner to be held later this month in conjunction with the 13th Asian Shipowner's Forum will be hosted by Fasa, with President S R Nathan and Mrs Nathan as guests of honour.
- EU registers now hold 24% of tankers
ALMOST a quarter of the world's tanker fleet will carry the flag of a European Union nation after 10 new members were added on May 1, London-based shipbroker EA Gibson said.
Air and Land Transport
- Air France completes 784m euro purchase of KLM
AIR France SA bought KLM Royal Dutch Airlines NV, creating an airline group that will be the world's largest as measured by revenue and the third-biggest by passenger traffic.
- Qantas, Air NZ likely to forge alliance: minister
- Delta to recall laid-off pilots as traffic rises
- NZ airports may have to pay for security improvement
- Thai AirAsia posts operating profit
- Boeing hires ethics watchdog: report
Strait Talk
- Sorting out the devil in the ISPS Code detail
IT is one thing to pass legislation, national or international, but it can be quite another to put it into practice effectively.
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| MAY 5, 2004 |
- China Shipping looks to raise US$2B from IPO
- China unveils new transportation investment provisions
- CP Ships reports Q1 rise in volume
- SembCorp reports 37pc rise in Q1 net profit
- P&O New Zealand HQ to remain in Wellington
- LA port terminal resumes operation after container blast
- Global cargo traffic increases by 10pc in Q1
- New radar enhances HK's air traffic control system
- S Korean Red cross makes first inter-Korean cargo flight into the North
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| MAY 5, 2004 |
- OSL Shipping opens own premises near Mulund CFS - Oyster moves another step ahead...
- MoS drafts new land policy for MbPT, KoPT
- Maersk Sealand reaffirms commitment to providing top quality services to ex-im trade in Kandla
- I-T waiver sought for IT export profits
- India, China to confer on customs cooperation soon
- EU’s fancy for Indian leather boosts exports
- Panel listing snags to India, Bangla trade boost
- ‘Freak’ explosion at Port of Los Angeles raises security concerns
- VCT aiming at over 60,000 TEUs throughput in 2004-05
- Freight rate fever cools as China lets up on industrialisation
- UK’s Heathrow Airport to implement new baggage weight limit from June 1
- Karnataka move to develop SEZ at Hassan
- Gateway Distriparks takes over CWC’s ICD at Garhi-Harsaru in Gurgaon
- India to get $ 3-4 bn World Bank aid for core sector
- Govt looking into EOUs’ plea for CST waiver
- ASF meet in Singapore may prove to be turning point for Asian shipowners
- MMTG Act changes under study
- Bangalore firm introduces online fleet-tracking system
- Export Import Workshop’s 15th batch to begin from May 15
- Fieo welcomes enlarged EU-25
- Textile quotas will end in 2004, stresses WTO official
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| MAY 4, 2004 |
- Prices continue firm in Uruguay
- Sinking looms as salvage operation delayed
Recovery of 1,900 mt of bunker fuel aboard damaged bulk carrier delayed as salvors await support vessel.
- Local player introduces fuel oil supply at Varna
Swift Sea Service (Swift) has become the first Bulgarian bunker supplier to offer supply of 180 cst fuel oil, and lower visocsities, at the Bulgarian port of Varna.
- Players expect Fujairah rise will boost demand
- Chinese holiday and high numbers depressing Hong Kong demand
Despite the possibility of near term oversupply in Hong Kong, bunker prices continued to rise today - and most players blamed firm prices for suppressing enquiries.
- Brent crude hits 13-year high in post-weekend catch-up
Gains driven by the weekend's attack at a petrochemical plant in Yanbu, Saudi Arabia, raised fears of further attacks on oil installations in the world's biggest oil producer.
- Yanbu handling at near capacity after attack
Bunker supplies not impacted by weekend assualt near giant Red Sea refinery as fears grow of similar targets.
- Bitumen demand triggers IFO180 shortfall in Sydney
Caltex refinery to focus on higher premium bitumen market, cutting residual product avails.
- Rotterdam follows crude higher
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| MAY 4, 2004 |
- TLS 2004 - An international transport and logistics exhibition for Central & Eastern Europe
- OT Africa Line launches French version of its website
- EU guidelines on tunnel safety adopted
- UTi Worldwide with solid gains in 2003 revenue and profit
- French association Snug joins the TLF
- Air France offers the fastest track to Vietnam
- "Jumbo Javelin" - commercial maiden trip
- Hutchinson becomes General Manager of Menzies' joint venture in China
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| MAY 4, 2004 |
- DNV warns market changes will impact LNG carriers
- CP signals better Q1 figures
- Antarctic supply ship to take off Cape Africa’s bunkers
- EMMF enters Guatemala market
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| MAY 4, 2004 |
- Purple Heart for Coast Guardsman
First Coast Guard recipient since Viet Nam
- Canada moves to boost offshore activity
Five year moratorium on MODU import duty
- Schat -Harding teams with Unitor
Boosts cruise industry after sales capabilities in Miami-Fort Lauderdale
- Wärtsilä and Transocean sign condition based maintenance agreement
Covers two drillships and a semi
- New York Water Taxi orders two cats
Scheduled for delivery from Gladding Hearn in 2005
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| MAY 5, 2004 |
- US pledges fresh security crackdown on shipping to Iraq
COMMERCIAL shipping companies face further tightening of existing security restrictions as the instability in Iraq continues and the threat of jihadist terrorism remains a global threat.
- Container owners launch association
A NEW industry association to represent the interests of owners of freight containers is being set up.
- Backers of failed dotcom venture sue PSA and P&O arms for $10m
A GROUP of Singapore businessmen behind a failed shipping dot- com venture are suing their former partners PSA International and P&O Ports Australia for at least S$17m (US$10m).
- Crystal cancels Gibraltar call after Spanish boycott threat
CRYSTAL Cruises cancelled a call to Gibraltar on Monday after it was told that its ship, Crystal Symphony, would be denied entry into the Spanish port of Barcelona if it called at the British colony.
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| MAY 4, 2004 |
- UK irate over Barcelona cruise move
SPAIN’S refusal to allow Norwegian Cruise Line’s Norwegian Dream into the port of Barcelona after it sailed from Gibraltar on 28 April has provoked an irate response from the UK government
- NCL seeks to place $450M in debt
NORWEGIAN Cruise Line is in the midst of a road show calling on US institutional buyers, seeking to place $350M-$450M in debt
- Disney to test California market
DISNEY Cruise Line has spurred speculation that it is poised for a newbuilding order by repositioning the Disney Magic to California for 2005
- RCCL bounces back in Oslo
SHARES in Royal Caribbean Cruises Ltd, the world’s second largest cruise shipping group, joined a broad rise in shipping stocks in Oslo today
- Chinese killed in Gwadar bomb
THREE Chinese engineers working on port construction at Gwadar, Pakistan were killed and 12 other persons were seriously injured in a car bomb attack yesterday
- Costa upgrades S American cruises
COSTA is to boost its presence in South America by replacing the 1,000-passenger Allegra with the 2,350-passenger Victoria
- Brasilia hails role of Santos
- Have your say!
- Asian owners need unified voice
- Holed Cape Africa awaits support
- Terrorists kill six in Yanbu
- California truck strike over
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| MAY 4, 2004 |
- Oakland port hit by new truck protest
Drivers protesting fuel prices choke container traffic, pelt working trucks with rocks.
- Hamburg Süd revenue struggles in 2003 despite higher container volume
Container shipping results below expectations as overall results fall short of previous year.
- Long Beach port board opposes air bill
- WTO won't meet year-end accord deadline, Lamy says
- Air France gets KLM stock deal
- Hanjin Shipping’s net triples
- Hamburg Süd raises Pacific Islands rates, shifts Long Beach call
- CP Ships anoints Halliwell as CEO
- Reject longshore pact, urge ILA dissidents
- Hong Kong seizes U.S.-bound weapons
- Maersk Sealand adds Brazil calls
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| MAY 4, 2004 |
- Pacific rate rises fall well short of expectations says NYK Line
NYK Line’s newly appointed president, Koji Miyahara revealed today that the company only achieved around half the rate increases it had hoped for on the Pacific trades.
- eLogicity shareholders sue PSA and P&O Australia Ports
PSA International and P&O Australia Ports are being sued for at least S$17 (US$9.97) million by their partners in eLogicity, a failed electronic container seal subsidiary mothballed in May 2002.
- Sinokor ship damaged in collision off Qingdao
- Way open for new Brenner rail tunnel
- Hamburg Sud looks to build on modest 2003 gains
- Truckers strike fizzles out but core dispute remains
- China's tightening of fiscal policy will not affect box shipping say Korean lines
- KMTC deploys second new vessel on KMS
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| MAY 4, 2004 |
- It's Spring, he's sprung
Odfjell executive Nilsen becomes first shipping man jailed in price-fixing scam to gain his freedom.
- Attransco out?
One of the oldest names in the US flag appears out of the business after selling two Jones Act tankers to OSG for around $20m each.
- Bank of China bullish on shipping
Analyst Michael Chen expects bulk boom to continue but is becoming more cautious about liner prospects.
- Fears rise for stricken capesize
Salvors hoping U-Ming bulker’s bulkheads will hold long enough for oil transfer.
- Bergesen and NYK ink LNG ships
Nigeria LNG confirms charter deals ahead of train go ahead as yard prices rise.
- Hamburg Sud sees bright future
But containership company’s vision starts to get more blurry after 2005.
- Reshuffle for Polish owner
Duty-free changes after EU accession mean moves for Zegluga Pomorska’s ferries.
- Vroon makes more bulk moves
Dutch owner follows capture of German handymax with two more acquisitions.
- Pan United makes strong start
Recently demerged Singapore shipbuilder and ship repairer posts sparkling first quarter results.
- Cash granted for Iran LNG ships
Iranian yard inches forwards towards LNG shipbuilding dream with presidential handout.
- CP Ships bullish on first quarter
London-based boxship giant expects to defy traditional season downturn to post strong growth.
- Shahi on a roll
Indian tanker and boxship owner boosts annual profits as shares continue to rise.
- Humpuss in a rumpus
Shares in Indonesian shipowner suspended in Jakarta over month-long surge in stock price.
- Porta Holding fights on
Former managers of Polish Szczecin yard try to overturn two-year-old bankruptcy decision.
- Platinum sees first funds
Bangpakong Terminal Co raises $2m towards acquisitions for containership joint venture.
- Aker confirms $36m deal
Norwegian and Romanian yards join forces to build stainless steel chemical carrier.
- Scrap levels on par with 2003
China struggles to compete as vessel destined for its breakers is resold into Bangladesh.
- Zim linked to bond issue
Privatised Israeli container line eyes fundraising drive to buy ships.
- Green light for Lasco tankers
Eight-ship newbuilding deal at Croatia’s 3 Maj comes into effect after receipt of bank guarantee.
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| MAY 4, 2004 |
- Hamburg Sud reports poor liner results
- CP Ships to start year with better first quarter
- Box carriers, lessors set up container association
- Maersk Sealand adds Sepetiba to U.S./Brazil services
- Alaska Railroad starts new service for gravel shipper
- Zoellick: formal U.S./Australia FTA signing set for May 18
- GAO finds underused TRIA needs fine-tuning
- Baltimore ILA local goes to ro/ro rodeo
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| MAY 4, 2004 |
- NIS must open for coastal vessels
Over 200 Norwegian controlled vessels - now engaged in coastal traffic, but under foreign flag - could reflag to Norwegian International Register ...
- Tallink prepares for life without state aid
Tallink are, according to the Estonian news agency BNS, looking for alternatives after the announcement from the Estonian ministry of ...
- Five countries in seven days with Smyril Line
The Faroe ferry company Smyril Line will this summer introduce "5-countries-in-7-days" cruises with its new cruise ...
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