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| OCTOBER 5, 2004 |
Shipping News
- Winter demand to raise tanker rates in Q4: analysts
OIL tanker rates for shipping crude from the Middle East may extend their 60 per cent gain this year on record oil demand, led by the US and China, according to a survey of analysts.
- MISC to raise US$750m from ship sales: report
MALAYSIA International Shipping Corp , South-east Asia's biggest shipowner by market capitalisation, plans to raise as much as US$750 million from the sale of its fleet of 32 dry-bulk ships, Oslo-based broker P F Bassoe AS said in a market report.
- Malaysian port volumes may jump 13% this year
MALAYSIA's ports, which are competing with neighbouring Singapore for South-east Asia's sea freight, are expected to handle 13 per cent more containers this year amid rising trade, Transport Minister Chan Kong Choy said.
- S Korean ports on top alert for terror threat
Pirates attack Singapore boats in Malacca Strait, kidnap four
Port Shots
- PORT SHOTS
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said August profit fell 65 per cent from a year earlier to 22.9 billion won.
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| OCTOBER 5, 2004 |
- Coscol posts improved profit, throughput numbers
- NYK unveils "good corporate citizen" strategy
- K+N to handle Pirelli Tire in US
- US, NZ collaborate to improve container security
- VPA tests low-emission fuel additive
- New board members line up for Nedlloyd
- Michael Parker retires from Hamburg Sud UK
- Malaysia Airlines begins service to Hangzhou
- Kitty Hawk names flight operations VP
- Turkish Airlines confirms contract for 15 737-800s
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| OCTOBER 5, 2004 |
- WTSA to hike cotton transportation rates from December 1
- Baltic Exchange launches Asian tanker route
- Famous Pacific Shipping enhances Indonesian presence
- SITC launches new S-E Asia service
- SNSC, PSA launch on-line ‘e-Freight Centre’
- Hanjin Shipping appoints new CEO
- Chittagong Port defers handling charges hike
- DCL starts Asia-US import service
- WSA Lines obtains Class A licence
- New box terminal opens
- Van Oord to increase presence in India, set up dredging arm
- EU withdraws anti-dumping duty on Indian steel products w.e.f. March 2003
- Homologation norms may halt car imports
- WTO Report highlights high transportation costs
- JNP congestion: Commerce Ministry to meet Port officials, users & shipping lines today
- AP Moller Group/Maersk India to invest $ 200 m in developing Port Pipavav into modern, multi-purpose facility
- Mormugao Port Trust celebrates Hindi Week
- Congestion at Rajiv Gandhi Container Terminal worries seafood exporters
- K. R. Sons sets new sulphur unloading record at Vizag Port
- Whale of a haul for VLCC owners
- Forex reserves up by $ 104 million to $ 1,18,359 million
- GDP growth at 7.4 pc in Q1 exceeds forecast
- Oilseeds exports flare up
- Customs duty on polymers cut by 5 pc
- Centre clears 3 SEZs in Hazira belt, Ichhapore & Pandesara in Gujarat
- Spotlight on security aspects at World Maritime Day celebrations held on Sept. 30 in city
- Cyclone spares Gujarat
- Sisodia to hold addl charge of Revenue Dept
- Seminar on Service Tax
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| OCTOBER 4, 2004 |
- Titan chief bullish on China and expansion policy
Barry Cheung, chief executive of Titan Petrochemicals Group, reveals a bullish outlook on Chinese oil demand and continued expansion plans for the fast-growing company.
- Cargo falls spur Gibraltar buyers into action
- Fuel oil cargoes on horizon for squeezed Panama market
News of several fuel oil cargoes booked to Panama could help alleviate tightness in market drained of spot supply.
- Rotterdam barge market easing, distillates firm
- Japan: August sales down, September demand healthier
August bunker sales reported down, but market sources indicate better buying interest for September.
- Canada: Marine emissions to overtake automobile pollutants
Report claims that marine emissions in the Georgia Basin and Puget Sound air shed are likely to surpass pollutants from vehicles by 2010
- Denmark: Grounded tanker poses no pollution threat
Panamax tanker grounded off Denmark seems to pose no threat of spilling its 62,000 mt gas oil cargo.
- California: Schwarzenegger vetoes emissions bill
Governor of California, Arnold Schwarzenegger has vetoed Assembly Bill 2042 in a move applauded by shipping trade associations and slammed by environmental groups.
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| OCTOBER 4, 2004 |
- Evergreen launches new, improved website
- New aircraft noise regulations weaken German industry
- U-Freight to open Narita International airport office
- Interporto di Nola gets new intermodal connection to Salerno
- Emirates Skycargo boosts freighter fleet
- Port of Felixstowe welcomes "CSCL Europe"
- Resignation of LA’s port director
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| OCTOBER 4, 2004 |
- Teekay boosts dividend
- Clelia Haji-Ioannou sells Stelmar stake
- Arnie kills pollution bill
- Rotterdam Shortsea Terminal set for growth
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| OCTOBER 4, 2004 |
- Maersk Line to replace MSP ships
- $1.5 million settlement in 1996 Delaware Bay spill
- SNAME honor for Kramek
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| OCTOBER 4, 2004 |
- AAPA communications awards go to Port of Tacoma
- Federal funds heading for Oregon commuter rail line
- APL website adding customizable ship schedules
- Port of Vancouver, BC testing low emissions additive
- BNSF ethanol express train delivers 10,000th carload
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| OCTOBER 5, 2004 |
- Greenpeace wait for arrival of plutonium in Cherbourg
GREENPEACE and other environmental organisations were on stand-by yesterday for the expected arrival at the French port of Cherbourg today of a convoy of weapons-grade plutonium from the US.
- Coalition to fight EU criminalisation Bill
AN UNPRECECDENTED alliance of maritime industry associations is gathering to pressure the European parliament to amend or sink a proposed law on criminal sanctions for seafarers.
- MISC takes advantage of secondhand prices with
MALAYSIA International Shipping Corp has confirmed plans to sell almost its entire drybulk fleet enbloc to take advantage of high secondhand vessel prices.
- Council rejects de Palacio swansong
WITH just weeks to go before stepping down from her post as European transport commissioner, Loyola de Palacio has drawn fresh criticism over plans to revive the controversial port services directive.
- Last fuel oil recovered from Prestige wreck
THE last of the fuel oil trapped inside the wreck of the Prestige has now been recovered and transported to La Coruña on board the tanker Odin, writes Brian Reyes in Gibraltar.
- Danes seek to plant flag on North Pole
DENMARK aims to show that the North Pole belongs to it and is sending an expedition to try to prove that the seabed there is a natural continuation of Danish territory, the Science Ministry said yesterday, Reuters reports.
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| OCTOBER 4, 2004 |
- Booze cruise talks in Brussels
THE UK Customs authorities will hold discussions in Brussels on 7 October with the European Commission regarding penalties handed out to ferry passengers on ‘booze cruises’
- Saga under new management
SAGA Group, the UK insurance, travel and cruising company for people over 50, is now under new management
- Oil smuggling racket alleged
AN industrialist in the Philippines has alleged that oil is being systematically smuggled under the noses of maritime authorities
- Capsized bulker pollutes Nassau
THE cement vessel Contrader remains capsized at the Clifton Pier in Nassau, Bahamas, spilling oil into surrounding waters
- Royal Caribbean revises forecast
HURRICANES will cost Royal Caribbean Cruises Ltd $20M in lost net income during its third quarter, plus $4M-6M in the fourth quarter
- French company to pay for oil spill
FRANCE Shipmanagement has agreed to pay $1.5M in fines to US and New Jersey agencies over a 136-tonne oil spill in Delaware Bay
- NZ ferry loses auto steering
- Fishermen block French Med ports
- Lawsuits persist against ILA
- Scholten guaranteed €180M
- BP vets Russian tankers
- Consortium drops congested Cochin
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| OCTOBER 4, 2004 |
- Security amendments lard intel bill
Senate aims squarely at homeland security with container, border and rail protection measures.
- High court will hear NVO bill of lading case
- Railroads set another intermodal record
- Survey aims to improve EDI transmissions
- CPR increases capacity for export grain
- CP Rail, Norfolk Southern seek approval for Northeast plan
- Connie Awards honor Raymond, Arena
- No need for new HK terminal: Report
- Charges could hit Cochin delays
- Taiwan opens first free-trade port zone
- SEC heightens Swift stock sale probe
- Cargolux adds Brazil flight
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| OCTOBER 4, 2004 |
- Increased box scrutiny to follow Australian elections
Both the incumbent Liberal/National Coalition and the opposition Labor Party have promised increased scrutiny of containers at Australian ports if they win the national election on October 9.
- AP Moller truckers 'treated like slaves' say MP's
Shocked Danish MP’s are to make representations to government ministers following a meeting with US truckers, employed by AP Moller, who were ‘treated like slaves’.
- Fesco to launch Vladivostok/Magadan service
- Gwangyang port hinterland attracts further logistics investment
- New Caledonia substitute found but more grief for Reef
- Bernhard Schulte takes delivery from China shipyard
- CSCL deploys newbuild on a transpacific service
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| OCTOBER 4, 2004 |
- Big John is back
John Fredriksen has bought back into Neptune Orient Lines two weeks after selling out.
- Stelmar names the day
But are shareholders prepared to scale the battlements over Fortress takeover offer?
- Nordsjofrakt sells out of ro-ros
Sweden's B&N Nordsjofrakt has completed its exit from the ro-ro market.
- Q Ship wins in-house order
Qatar owner’s shipyard to build anchor-handlers for joint-venture offshore player HOSC.
- Vinashin hot on boilers
Vietnamese shipbuilder teams with Aalborg of Denmark to found new factory.
- Storms hits Royal Caribbean
Hurricane havoc could knock $25m off cruise line earnings.
- Protesters shut down French Med
Fishermen have blocked the pilot station at Marseille, effectively shutting it down along with other ports.
- Maersk swells US-flag fleet
United States Ship Management could be the loser in Maersk Lines Ltd's fleet renewal.
- WW bridges East China Sea
Wallenius Wilhelmsen launches ro-ro on new service between Shanghai and Yokohama.
- Saga sold for $2.4bn
Private equity investor acquires owner of elderly ships catering for grey haired cruise passengers.
- Chilly time for Ice Wind
Norwegian ship detained for 12 days over major structural defects.
- German union fears job cuts
IG Metall study claims German shipyards could axe 4% of workers next year.
- Bidders circle Viktor Lenac
Piece-meal sale of Croatian yard’s assets on the cards as eight buyers make offers.
- SembCorp censured
Singapore Stock Exchange raps marine engineering group over late disclosure relating to Solitaire dispute.
- Thinking ahead at Panama Canal
New cargo notification deadline extended to end of October at vital waterway.
- Steel price hits Daewoo
Korean shipbuilder’s August profit drops 65% as costs rise.
- Another scare for Toll’s Aratere
Investigation launched after blighted Kiwi ro-ro “came within seconds” of potential disaster.
- Nina hits the beach
Salvors deliberately beach bulker off Singapore island in effort to extinguish cargo hold fire.
- Thor R set for salvage
Heavy lift crane arrives from the Netherlands to recover dredger sunk off Danish port of Esbjerg.
- Ghosts head for graveyard
US MarAd confirms disposal contracts for four more ships from James River Reserve fleet.
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| OCTOBER 4, 2004 |
- Maersk Line Ltd. replaces six MSP ships with newer tonnage
- Crowley adds U.S./Mexico security surcharge
- Safmarine names third new ship for Europe/West Africa trade
- Wallenius Wilhelmsen starts China/Japan ro/ro link
- U.S. airlines' international cargo up 11.6 percent in August
- Reed moves up at FedEx Freight
- WCA forwarder network spreads
- Logility acquires fellow supply chain IT firm Demand Management
- Missouri shipper fined $220,000 for illegal exports
- Kuehne + Nagel to manage Pirelli Tire’s North American logistics
- Kuehne + Nagel opens another logistics site in Hamburg
- CDC, APHIS ban bird imports from Malaysia
- CSI goes live in Naples
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| OCTOBER 4, 2004 |
- Hamburg trade fair attracted many
The Shipbuilding, Machinery and Marine Technology International Trade Fair SMM, held last week in Hamburg attracted 42,000 visitors, up by ...
- EU support to Esbjerg ro-ro service, Kvarken ferry and Scandlines pilot project
EU has approved EUR 2 million in support from the Marco Polo programme to Danfrance, a new ro-ro service ...
- Minor oilspill in Aalbæk bay from Swedish tanker
A few hundred litre of fuel oil was lost Saturday last week, when the Swedish-flagged bunker tanker "Västsjö" had ...
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