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| APRIL 6, 2004 |
Shipping News
- Panama Canal tightening security on terror fears
THE Panama Canal has stepped up security in recent months, fearing an attack on its sprawling 80 km complex of shipping lanes, locks and dams, which could cause chaos for the world economy. 06/04/04
- MOL aims to lift profit, revenue in next 3 years
MITSUI OSK Lines 'still has a long way to go' to strengthen its balance sheet and impress investors, according to president Kunio Suzuki.
- NYK may buy still more vessels
NIPPON Yusen KK, which unveiled a plan to buy and lease 160 new ships by March 2007, said it may add more vessels as Japan's largest shipping line seeks to tap growing demand in China for raw materials and automobiles.
- China rail jam clogs ports worldwide
CHINA's overloaded railway system is nearing collapse as it struggles to cope with the demands of a roaring economy.
- Titanic menu fetches record price at Irish auction
A menu from the Titanic, which sank in 1912 with the loss of 1,500 passengers and crew, fetched a record for memorabilia from the White Star liner on Friday, the auctioneers handling the sale said.
Air and Land Transport
- Low-cost airlines have better service too
A new study of airline quality in the United States shows that no-frills airlines generally provide better customer service than traditional carriers.
- No more concessions to Victor Li: unions
- Boeing's Connexion to cost US$30 or less
- Boeing in talks to set up logistics base at Clark
- Vietnam Air to borrow US$128m
- SIA expands Perth training centre
Bulletin Board
- Bulletin Board
HARTMUT Luhr, executive board chairman of logistics group VTG-Lehnkering AG, will return to its sister company Hapag-Lloyd Container Line as manager responsible for the Europe region, effective May 1.
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| APRIL 6, 2004 |
- Hamburg Sud transfers Hong Kong operations to CSXWT
- MOL expects record profit
- China's largest river port begins operation
- UPS adds six new flights to Hong Kong
- DHL to cut 1,000 jobs from Airborne's Seattle facility
- JFK Airport prepares for the arrival of new generation aircraft
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| APRIL 6, 2004 |
- Hanjin, "K" Line, MOL & Zim in new vessel sharing pact covering E. Coasts of US & S. America
- Hapag-Lloyd now offers faster Med. service
- MOL to invest in 243 new vessels
- Container unit drives Maersk Group’s 2003 performance
- Zim launches new service linking N. Europe to Montreal
- Nedlloyd gets P&O nod for venture buyout
- Lloyd Triestino, CMA CGM add PTP call on Adriatic Express
- APL to own organisation in Russia
- Port Klang imposes box handling fees
- NOL group to sell OMPL
- Tanker age norms leave shipping lines baffled
- Hyderabad’s software exports set to increase by 20 pc
- Tuticorin Port handles all-time record traffic of 13.68 m. tonnes during 2003-04
- New Mangalore achieves record traffic throughput of 26.67 m tonnes in 2003-04
- Vizag Port remains numero uno among Major Ports for fourth consecutive year - ...handles 48 m tonnes in 2003-04
- Paradip Port handles 6 pc more cargo throughput in 2003-04
- New Mangalore Port gets aid to develop export promotion activities
- Major Ports post 10 pc rise in cargo throughput in 2003-04
- DPI scouts for Indian partner to run ICTT at Cochin Port
- Forex reserves up by $ 402 million to $ 1,09,998 million
- RBI to announce monetary policy on May 18
- Rising rupee dents competitiveness of EOU, SEZ units, drains profits
- AEPC urges Centre to act to check rising rupee
- Special fiscal sops for SEZ units approved
- DGFT seeks exporters views to evolve scheme to replace DEPB
- Five-day international farm fair to open at Hyderabad on April 9
- Kakkar, Menon at BCC&I helm
- Major boon for ex-im trade
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| APRIL 5, 2004 |
- Singapore: OPL bunkering affected by ISPS code
Bunker barges of 500 grt and above which are used to service vessels in international waters near the island state will be required to comply with new security regulations.
- New record for Russian oil production and exports
- Suez canal quiet, resupply in Port Said soon
- EU alignment with Marpol on single hulls 'one step closer'
COSS has been given the task of looking at EU's Regulation 1726/2003 to see what is needed to align it with Marpol Annex I.
- Cockett Marine Oil expands to Latin America
This latest addition marks a further push into the Americas for the Cockett group, as the company aims to establish regional and local offices in major markets.
- Rotterdam stable this morning
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| APRIL 5, 2004 |
- Mali gives go ahead to Mali/Burkina/Ghana highway
- Frans Maas agrees Asian alliance with CDS
- BNSF selects Memphis Intermodal Facility for expansion plan
- Air France/KLM merger further delayed
- CHKY Alliance extends North Europe-China Express (NEX)
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| APRIL 5, 2004 |
- Swedish Club’s "much improved" results
- Stolt-Nielsen delays bond issue
- Fisher orders products rankers
- World Fuel Services buys Tramp
- Graig taps into KG market
- IMO allows some flexibility on edible oils
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| APRIL 5, 2004 |
- Maersk Line, Limited restructures
Says changes are "sweeping," but gives few details
- Canada tightens maritime security regs
New proposals from Transport Canada
- Cunard orders "enhanced Queen Victoria"
Carnival reshuffles its capacity aimed at British market
- Leadership changes at Conrad
John P. Conrad, Jr. takes helm
- MAN B&W introduces S65ME-C
Tailored for Capesize bulkers, but suits Suezmax tankers, too
- First orders for Sulzer RT-flex50
Will power double hulled bulkers building in China
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| APRIL 5, 2004 |
- Five shipyards make list for possible WSF boat construction
- Four shipping lines to start joint US to South America service
- Coast Guard lieutenant takes part in TV body challenge
- Marine Terminals Corp. operations
take home several PMA safety awards
- DOT sets new rules for hiring truck drivers
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| APRIL 6, 2004 |
- Carnival guns for lucrative UK market with fleet shake-up and $467m order
CRUISE giant Carnival has announced a €390m ($467m) ship order with Fincantieri and a realignment of the group’s existing fleet, to target the UK market.
- Greenpeace bid to keep Prestige on political agenda
GLOBAL environmental group Greenpeace has urged Spain’s new socialist government not to forget the Prestige disaster after it takes office later this month.
- Sterckx demands relaxation of Mangouras’ bail terms
APOSTOULOS Mangouras should be allowed home to Greece pending his trial, a key European Parliament committee said yesterday.
- Graig forms Hamburg shipmanagement arm as part of $84m deal with Ownership Emissionhaus
GRAIG, the adventurous UK shipping group, has sold and chartered back seven vessels to a new German KG broking house.
- China tanker deals could be next for Cardiff firm
GRAIG’S next major project could be an order for a series of tankers in China, according to market sources, writes Tony Gray.
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| APRIL 5, 2004 |
- US to fingerprint all foreign arrivals
BY 30 September, all foreign cruise passengers arriving in the US will be photographed and electronically fingerprinted, including visitors from the 27 so-called 'visa waiver' countries in Europe and Asia
- Germany strengthens its response
GERMANY has moved to strengthen its maritime safety and security response by combining a number of related organisations under one roof
- ICCL vows to sink cruise bill
INTERNATIONAL Council of Cruise Lines president Michael Crye compares the Clean Cruise Ships Act of 2004 to "using a sledge-hammer to kill an ant"
- Union Pacific tackles congestion
US rail giant Union Pacific has moved to alleviate serious congestion issues with its Los Angeles service amid fears of a 'mini-meltdown' on the West Coast
- Graig expansion gathers pace
GRAIG, the UK ship owning and marine services group, is expanding its activity by setting up a ship management operation in Hamburg
- Carnival targets British cruisers
CARNIVAL CORP has moved to cater more closely to the British cruise market by ordering another liner and transferring three ships between P&O Cruises and Princess
- Brazil customs strike called off
- Superferry 'not terrorism': Marina
- Boxship charter rates buoyant
- Daewoo Mangalia strike continues
- New Zealand plans new ferry link
- Price fixing powers under threat
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| APRIL 5, 2004 |
- Port of Vancouver container back-up
While Asia shipments peak, import containers pile up as CP Rail struggles with a shortage of intermodal cars.
- No quit in box charter rally
Rates soar as carriers scour market for dwindling supply of tonnage to meet unprecedented demand for cargo space on long-haul trade lanes.
- New bill asks user fee to pay for port security
- UPS-backed pension bill sails through House
- Canada strengthens proposed security rules
- Arms cache puts Bangladesh ports on high alert
- Hong Kong implementing ISPS security
- Japan releases sea, port security report
- Air France launches KLM takeover
- Iran line launches Australia-NZ route
- S&P affirms U.S. Shipping's rating
- Pegasus aircraft leasing gets $150M investment
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| APRIL 5, 2004 |
- Australian regulator takes big stick to AADA ability to fix prices and surcharges
The Asia-Australia Discussion Agreement (AADA) faces the loss of its authorised collective price-setting abilities, as a result of an Australian Competition and Consumer Commission (ACCC) inquiry.
- Intermodal backlogs mount on Canada’s west coast
Freight forwarders have raised the alarm over Canadian west-coast backlogs and delays, affecting CP Rail’s network, from west to east especially, and involving at least 10,000TEU.
- CSI reprieve for Malaysian exporters
- Customs officers agree to talk, while Brasilia plans efficiency drive
- CMA CGM tops JNP container terminal’s throughput in 2003-04
- Mundra attracts Messina’s Middle East service
- Woodworking on the railways... all the way to Central Russia
- ICTSI terminals register mixed performance but overall growth
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| APRIL 5, 2004 |
- Carnival in cruisehip deja vu
Top cruise line returns to Fincantieri to splash out $469m on second Queen Victoria.
- Paul Nowak dies
Braemar Seascope's demolition supremo dies tragically at 45.
- NCL ship suffers engine problems
Cruise cancelled as Norwegian Star forced to dock early.
- Graig taps KG cash machine
UK owner seals sale and charter-back deal and founds Hamburg ship manager.
- Swedish Club back on course
Free reserves up by nearly 40% as insurance mutual ends two years in the red.
- TEN time-charters out tankers
Tsakos Energy Navigation talks up new business for two ships.
- Strait Shipping eyes new route
New Zealand ro-ro owner looking to attract new interisland business from New Plymouth.
- Fisher seals Damen double
Pair of 5,000-dwt clean petroleum product tankers to be built in Romania for UK owner.
- Stolt-Nielsen delays bond issue
Asset sale estimates prepared by Pareto Securities and reported by TradeWinds trigger postponement.
- IRISL expands down under
Iranian owner launches cargoship route between Gulf ports and Australia and New Zealand.
- Marines "heading to Malacca"
Planned patrols aim to fight terrorism and piracy in dangerous strait between Malaysia and Indonesia
- Sumitomo puts up cash for LNG
Details emerge of financing and ownership for China's first LNG ships.
- Oasis cashes in on bulk boom
Abu Dhabi aviation and shipping investor returned to profit in 2003 - and then sold its only vessel.
- Thai boxship player eyes ships
Terminal operator breaks into shipowning on the back of increased demand.
- Aker Brattvaag logs profit
Yard managing director Roy Reite declares he is happy with result for 2003.
- Sars hits Shun Tak
Passenger numbers dipped in first half, but Hong Kong ferry group staged second-half recovery.
- New York cat crash
A fast ferry due to operate between Canada and the US collides with Manhattan pier.
- TUI still sweet on Hapag-Lloyd
German line’s parent likely to stay in control for five years despite selling big slice later this year.
- Washington looks to go local
Five yards in ferry operator’s state have expressed interest in building four new ro-pax ferries.
- Suez Canal receipts up 40%
Revenues, tankers and number of vessel transits through strategic waterway all up on twelve months ago.
- JGARSPC to slash rates
Falling insurance costs prompt Japan Middle East container conference to cut emergency surcharges.
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| APRIL 5, 2004 |
- Coast Guard, MarAd asked to close "backdoor" to Jones Act
- U.S./South Europe July 1 rate date set
- Maersk Sealand, Safmarine add Europe/West Africa loop
- Conferees to determine which law covers vessel security plans
- U.S. DOT grants UPS more access to Hong Kong
- Air France increases freighter fleet
- Boston-Logan Airport gets federal help for new runway
- U.S. government to check background of hazmat drivers
- Great Lakes pilots protest Coast Guard's failure to raise carrier rates
- U.S. Customs encounters budgetary growing pains
- COAC creates container security subcommittee
- Industry presses Bush for leadership on ITDS
- FDA criticized for skipping meeting on agricultural imports
- U.S. importers wary of customs rules for post-quota textile entries
- White House reviews DHS regional plan
- CP Ships closes on acquisition of ROE Logistics
- U.S. Customs sets tuna tariff-rate quota for 2004
- Morris to head USDA's Agricultural Marketing Service poultry programs
- Philpott named VP of marketing for national produce group
- USDA provides CD for first responders to disease outbreaks
- U.S. terminals move towards national security fee
- Ports urge Senate reauthorization of Water Resources Development Act
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| APRIL 5, 2004 |
- 2003 a very positive year for the Swedish Club
The Swedish Club has turned the negative trend a delivered an operating result before appropriations and tax of USD 22.5 ...
- New ferry line inaugurated
On 2 April, Tallink launched its new ferry service between Tallinn-St Petersburg and Helsinki. The time table is mainly ...
- Stolt continued price-fixing after deadline
Stolt-Nielsen SA may have been in breach of the conditions for the amnesty issued by the US Department of ...
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