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| FEBRUARY 6, 2004 |
Shipping News
- HK poised to remain world's busiest boxport
HONG Kong looks set to retain its status as the world's busiest container port after its main Kwai Chung Container Terminal recently reported its total throughput volumes for 2003 of over 12 million TEUs.
- Conservation group warning on ballast water
WATER scooped up by ships for ballast and dumped at the end of a voyage can cause as much damage as an oil spill by carrying marine life to new coastlines, the environmental group WWF warned on Wednesday.
- K&N unsure about raising stake in SembLog
SWISS logistics firm Kuehne & Nagel is unsure whether it will exercise an option to raise its stake in Southeast Asia's SembCorp Logistics Ltd, chief executive Klaus Herms said.
- Rising African oil output to boost demand for converted tankers
AFRICAN nations planning to pump more oil may increase demand for tankers that can be converted to ship-based oil rigs and storage vessels, a shipbroker said.
- TANKER MARKET
PERSIAN Gulf oil tanker rates to Asia, little changed yesterday, may rise to their highest level in three decades as oil companies and traders face reduced supplies in the spot market, leading shipowners to raise their prices.
Air and Land Transport
- BA says security fears hitting bookings
EUROPE's biggest airline, British Airways, said on Wednesday that security fears were having some impact on forward bookings as it reported a continued recovery in passenger traffic in January.
- EU air traffic control plan gets final nod
- Low-cost carriers brush off EU ruling
- 20,000 seeking jobs at Jetstar
- Colombo airport reopens after crash
- Sitting pretty
Admiralty Casebook
- Owner of ship that damaged Bukom wharf can limit liability
THE owner of a ship that damaged an oil terminal wharf in Pulau Bukom could limit its liability under the Merchant Shipping Act , ruled the High Court late last year, but it was not before the judge had a good look at the history and background of the Act.
Port Shots
- Port Shots
MALAYSIAN port operator Bintulu Port Bhd has awarded a RM162 million contract to build a cargo wharf to Muhibbah Engineering Bhd and a private firm.
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- Phoenix establishes more offices in China
- Guangdong Taiping Customs opens Shatian office
- Rickmers schedules regular UK calls in Liverpool and Teesport
- UASC launches extra Asia-Middle East service
- K Line opens Beijing representative office
- Chilean yard to build vessels for Maersk
- China Southern expands Guangzhou-Los Angeles service
- Lufthansa Cargo, DHL step up route co-operation
- American Airlines to open Vietnam office
- BARC names new general manager-regional operations
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- Far Shipping to launch Vizag-Colombo feeder service
- IBPC moots economic cooperation among India, UAE & South Africa
- JNPT to develop 36,000 sq. m back-up area for shallow berths
- VCT emerging as alternative gateway on East Coast - ICD shippers, feeder operators increasingly favouring the terminal
- Mundra Port handles largest parcel of bentonite for export
- Port workers demand merger of 50 pc DA with basic pay
- BLR now provides total logistics solutions
- Roadwings Int’l bags KoPT order for modernisation of port facilities
- Rlys introduces refrigerated vans in mail & express trains
- Deemed export benefits extension to domestic capital goods producers hailed
- Govt will continue with tax exemption schemes, assures Jaswant Singh
- Govt okays Andhra Pradesh govt’s proposal for Nellore leather complex
- Pharma cluster to come up in Hyderabad
- Alert guard, gate-keeper avert major box train mishap
- Dighi Port director welcomes tonnage tax announcement
- Rear Adm. Ajit Tewari appointed new HSL chief
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| FEBRUARY 5, 2004 |
- Soft ARA markets see increased demand
- New major league player set to enter ARA market
The Geneva based oil trading company Petroval S.A., which is closely associated with the Russian oil major Yukos, announced today it will be entering the Rotterdam bunker market after signing a long term contract for storage of fuel oil at Vopak's Europoort site. The company looks set to become a major league player.
- Crude fails to have any great effect on Japanese numbers
Despite suppliers reporting that enquiry levels in Japan were still ok - at least by Japanese standards, it is still the case that two majors are pulling in the lion share of the business while other players make do with the rest of the enquiries in the market.
- Singapore bunker market eases, avails seen improving
Concerns about tight fuel oil avails in the bunker market seem to be easing as more on-spec blended product is expected to be available from the beginning of next week. This combined with wavering optimism about near-term Chinese fuel oil demand and plunging crude prices overnight took a bite out of fuel oil cargo values and bunker prices alike this Thursday.
- Italian bears led by crude's latest movement
- Singapore distillate stocks plummet, fuel oil little changed
- O.W. Bunker expands Rotterdam team
- Staff changes at PDVSA Deltaven
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| FEBRUARY 5, 2004 |
- Rhine riverports at Mannheim and Ludwigshafen merge websites
- The EU and Austria in a clinch over special tolls
- Rhenus-Kleyling and the "Miracle of Bern"
- SCL Kornwestheim on an upward spiral
- DHL and Lufthansa Cargo driving collaboration further
- IPBCC presents Business Plan 2004
- Union Pacific elects Ike Evans and Jim Young to new positions
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| FEBRUARY 5, 2004 |
- Stena Line: "We are disappointed"
"We are of course disappointed", comments Joakim Kenndal of Stena Line to SSG the decision by the British Competition Commission ...
- Brax Shipholding in new Baltic ro-ro deals
On 19 January, Göteborg based Brax Shipholding delivered the ro-ro vessel "Breant" to its new owner, Aalandian Lillgaard, in ...
- Third body found in "Rocknes"
Divers found yet another body yesterday in the "Rocknes" superstructure. This is the third recovered body since the divings begun ...
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| FEBRUARY 5, 2004 |
- Bad week for piracy
- Competition law changes could hit brokers
- Long term charter for Knightsbridge VLCC
- More talking planned in DIS row
- AAPA blasts US government over lack of dredging cash
- Rickmers plans more UK calls
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| FEBRUARY 5, 2004 |
- Loy addresses Marine Log conference
The Department of Homeland Security has released the text of the keynote address given by ADM. JAMES M. LOY (USCG, Ret.) Deputy Secretary of Homeland Security at Marine Log's MARITIME & PORT SECURITY 2004 Conference in Washington, D.C., on January 27
- Kisses and hisses for budget locks, dams and dredging proposals
Industry loves modernization of locks and dams, hates failure to dredge navigational channels
- Galley fire on Majesty of Seas
Fryer fire causes minor damage but no injuries
- IMO ballast management convention set for adoption
Meeting in London next week
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| FEBRUARY 5, 2004 |
- Corps names review board to look into recent oil spill
- Coast Guard ready to chase parties failing to file security plans
- Portland Airport noise board sets next public meeting
- Everett Port Commission Oks North Marina development plan
- Nedlloyd buying out P&O's share of container line
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| FEBRUARY 6, 2004 |
- Plea for peace talks at Spanish shipyards as bullets and rivets fly
THERE were widespread calls for urgent talks between Izar and union leaders yesterday amid renewed violence between police and workers from the state-owned shipbuilder’s yards in Cádiz and Seville, writes Brian Reyes in Gibraltar.
- Watchdog sinks Stena-P&O Irish Sea deal
SWEDISH ferry giant Stena Line’s £50m ($63.5m) deal with British rival P&O to take over most of its Irish Sea freight business looked dead yesterday after Britain’s beefed-up competition watchdog refused to sanction the sale of the central Liverpool-Dublin route.
- US starts handing out security plan fines
THE US Coast Guard has begun issuing civil penalties of $10,000 each to the roughly 10% of vessels and port facilities that have not yet submitted security plans as required by the Maritime Transportation Security Act.
- Shell unveils litany of woe as Watts hangs on
ROYAL Dutch/Shell’s problems are mounting after it slashed proven reserves by 20%, saw its profits slump 33% and hydrocarbon production fell 2% in the fourth quarter.
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| FEBRUARY 5, 2004 |
- Spain and Baltic plan PSSA
APPLICATIONS proposing to designate large areas of the Baltic Sea and waters surrounding the Canary Islands as Particularly Sensitive Sea Areas (PSSAs) have been submitted to the IMO
- Charity demands port strategy
THE UK Portswatch charity today urged the government to delay decisions on current port developments until a national strategy had been devised
- Miami: revenues up, security funding needed
MIAMI port posted 8.7 per cent growth in passenger numbers and 3.7 per cent growth in cargo last year, but the increased revenue did not meet growing security costs
- Southampton could become marginal
PORT managers at Southampton have been warned that failure to encourage feeder shipping would leave the UK port as a marginal player in Europe
- Mirage to be sold to pay debts
OCEAN Club Cruises’ recently refurbished cruise ship Mirage will be sold to repay debts, an attorney representing the owner in US Bankruptcy Court said today
- Bush port visit highlights security
PRESIDENT Bush's visit to the port of Charleston, South Carolina today will focus on efforts to safeguard the major box port and other US shipping facilities against terrorism
- Alaska in LNG deal
- Security charge conflict intensifies
- Oakland reports record year
- Hanjin profits surge
- Stena disappointed by ferry block
- Redebe re-affirms concession pledge
- African port links scuppers trade
- Lauritzen enters tanker business
- Brokers defend freight markets
- Italy blamed for sea motorway delay
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| FEBRUARY 5, 2004 |
- CP Ships earnings boom on box mark
Year-on-year operating income soared 44 percent in fourth quarter on record container volume and rising freight rates.
- Hong Kong sees stable growth in 2004
Outlook calls for modest economic gains following year of SARS-related turmoil.
- China rail will revive 'rust belt' economies
- Don't veto gas tax hike for highways, Bush told
- ITC probing preferential apparel imports
- Port of Houston wins pipeline appeal
- Request for proposals for Port of Americas project
- FedEx expects Kinko's deal to close soon
- Troubled Yellow Roadway unit on mend: CEO
- Calm seas seen for U.S.-flag ships in Iraq
- FedEx doubles Vietnam capacity
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| FEBRUARY 5, 2004 |
- PSA opposes Maersk-Pipavav deal, may delay takeover
Gujarat Pipavav Port (GPPL) 22% shareholder PSA Corporation has opposed Maersk India paying a low price to gain management control of the port company.
- President Bush says he’s committed to port security
- Balanced portfolio helps CP Ships out-sail rising costs
- South Africa: Governments cannot afford to go it alone in ports
- Chittagong-Yangon direct box service suspended
- Zeebrugge calls for new terminal manager
- Barge investment aims at boosting Black Sea port volumes
- Foreign carriers enter Korean cabotage market
- Puerto Rico invites proposals for Port of the Americas project
- Haulier shortage threatens UK container imports/exports, says BIFA
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| FEBRUARY 5, 2004 |
- Nasdaq threatens boot for Royal Olympic
Company in breach of market rules as stock stays below $1.
- RCCL says fire ‘minor’
Deep fat fryer the culprit in Majesty of the Seas galley blaze.
- Houston wins pipeline lawsuit
Port not responsible for cost of moving pipelines to widen ship channel.
- Martin agrees to CSL contract probe
Criticism of Canadian PM grows in wake of $160m error.
- Sabine accused of conspiracy
US shipowner and senior executives indicted for polluting South China Sea.
- Record quarter for CP Ships
Ray Miles rings up $49m profit as more boxes compensate for freight rate fall.
- Cruise crews get $5m payoff
Bank dips into coffers to help fund Royal Olympia seafarer deal.
- Grindrod expects profits leap
South African tanker and bulker owner says 2003 earnings could be more than 30% higher than in 2002.
- Port billionaire linked to HMM
Li Ka-shing reported to be in talks to acquire 12% of Hyundai shipping business.
- Brazilian bank pulls Eisa order
Petrobras back to square one after funding for four tankers at Brazilian yard withdrawn.
- Numast warns on Irish Sea jobs
Seafarers’ union says crews at risk after UK blocked P&O’s sale of ferries to Stena.
- UK puts a block on P&O ferry plan
Competition authority squashes sale of Liverpool-Dublin ferries to Stena.
- Suez Canal income still on the rise
Egyptian authorities pocketed $240m from shipowners in December.
- Wartsila slides into the red
Marine engine maker planning to move into China.
- SembCorp Marine sees profits slip 15%
Lower margins, SARS and strong rates combine to knock Singapore shipbuilding and repair group.
- Bangladesh-Myanmar service binned
Orient Express Lines’ direct boxship link scrapped after suffering big losses.
- Cruiseship goes on sale to clear debt
Bankrupt Ocean Club Cruises puts Mirage on the block.
- EMERA and IPBCC to lift rates
Boxship conferences between Europe and the Middle East and south Asia detail rate restorations.
- Brave cape was piracy victim
Master of Cape Haralambos assaulted and tied up as pirates steal $3,000.
- Hanjin Shipping income rockets
Korean owner enjoys the fruits of the Asian boxship demand surge.
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| FEBRUARY 5, 2004 |
- Stickle, Sabine executives charged with dumping oily grain
- Evergreen's Taiwanese affiliate poised for higher profits
- Norasia joins China Shipping in Pacific link
- MarAd, Coast Guard eye lease financing for coastwise vessels
- Hamburg Sud appoints marketing manager in Australia
- Transportation Secretary extends war risk coverage
- U.S. international air freight fell 2% in 2003
- SAS labor deal ends potential strike action
- Rep. Young clashes with White House over transportation priorities
- Pacer boosts net income 43% in 4th quarter
- Ricin parcel tied to hours of service rule
- Iraqi rail officials meet with U.S. industry representatives
- Tauzin steps down from House committee
- Bush administration remains firm on transportation spending plan
- ACE test to focus on monthly payment process
- Phoenix International opens 2 more offices in China
- Chamber urges conclusion to U.S.-Australia FTA
- Dezenski to head DHS cargo and trade policy unit
- Environmental groups criticize Britain port expansion proposals
- Inland waterways, port authorities want more funds for maintenance
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