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| MARCH 8, 2004 |
Shipping News
- New steps to boost maritime industry
IN a bid to further engage the private sector in promoting Singapore as a leading International Maritime Centre , a public-private sector partnership has been forged with the setting up of the Singapore Maritime Foundation . 08/03/04
- Singapore slashes capital requirements for flagging
SINGAPORE has sweetened its ship registry further, slashing the paid-up capital requirements for shipowners and waiving conditions on related companies in an effort to boost the national fleet.
- Senator Lines to participate in new Asia-Gulf service
SHIPPING company Senator Lines will participate in a new service between Asia and the Middle East, operated by United Arab Shipping Company .
- Keppel unit Amfels delivers jackup rig
KEPPEL Offshore & Marine's US subsidiary Amfels Inc has delivered a premium jackup drilling unit to Perforadora Central SA de CV, a drilling services provider mainly to Mexico's national oil company Pemex.
Air and Land Transport
- Cathay's turnaround gathers momentum
A convincing turnaround at Cathay Pacific Airways Ltd, Asia's second-largest carrier by value, was set to gather speed, having returned the airline to profit after Severe Acute Respiratory Syndrome blighted the first half.
- SEC seeks info on Boeing sackings
- SN Brussels and Virgin differ on merger stake
- Frankfurt airport opens biometric security programme for staff
- US delays security rule for air cargo companies
- Log Book
Dockyard
- Spain's financial guarantee rule re-ignites place of refuge row
SINCE the Erika disaster and, to a greater extent, the more recent Prestige sinking the issue of what coastal states ought to do when a vessel is in trouble off its coast has become highly controversial.
Ship Sales
- SHIP SALES
WITH the very high freight rates for the transportation of the raw materials and increased demand from China, it is not surprising that the price of steel is being forced to increase substantially.
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| MARCH 8, 2004 |
- Maersk director ponders site of next HK container terminal
- IRA rates to rise
- Ecu-Line offers groupage service to Qingdao
- Shanghai port to become bond area
- Port of LA switches to environmentally-friendly fuel
- France logistics seminar staged in Shanghai
- SAS Cargo to add Shanghai service
- KLM posts strong Asia Pacific performance in February
- Air China, ANA to co-operate on Japan-China services
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| MARCH 8, 2004 |
- 5 companies vying for MRPL’s oil charter contract
- India has huge long-term growth potential, asserts Senior VP of Maersk Sealand, BUT...
- CoPT Board clears draft licence deal for int’l box transhipment terminal project
- Largest parcel size handled at VCT
- MbPT triumphs in Ports cricket tournament
- CONCOR poised to begin operations at Paradip Port
- NPIL’s Mumbai depot adjudged as The Best for 2003 by Textainer
- Foreign Trade Analysis: Current Policy & Procedures - Classroom lessons for new exporters
- JNP congestion hitting exporters-SRTEPC
- IMC convention on March 12 at Oberoi - Theme: Towards creation of world-class infrastructure for cargo
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| MARCH 5, 2004 |
- New Singapore foundation snubs bunker industry
The Singapore Maritime Foundation (SMF) was officially unveiled today without a single representative from Singapore's estimated $5 billion-a-year bunker industry.
- Brazilian market update
- Cape Town's MT Pelican out of action
FFS Bunkers (Pty.) Ltd. (FFS) reported to Bunkerworld today that its Cape Town-based barge MT Pelican will be temporarily out of service for the next week
- St. Petersburg player adds new grades
Russian company Petroprom has announced that it can now offer all grades of bunker fuel in the Baltic port of St Petersburg.
- Firm end to a bearish Baltic week
- Rotterdam firm, barges tight
- Bakri confirms Malaysian terminal deal close
Saudi Arabian supplier and trader admits interest in Malaysian 'mega' bunker terminal - but no deal struck yet.
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| MARCH 5, 2004 |
- European Shortsea Network sets up search machine for liner services
- Ghana’s customs issue new instructions for Tema
- Tibbett & Britten gains contract from Carrefour
- Krone: German trailer maker reports buoyant sales
- Emirates offers daily flights between Vienna and Dubai
- New Safmarine South America service
- Valsped: New office and Managing Director in Brescia
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| MARCH 5, 2004 |
- ICS warns industry on ISPS Code
- Sinotrans and Rickmers-Linie boost co-operation
- AAPA names Patty Murray "Port Person of the Year"
- TMM Lines adds new transpacific service
- Marshall Islands launch investigation into Ythan sinking
- Multraship completes VEBO takeover
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| MARCH 5, 2004 |
- First Deepwater cutter delivered to Coast Guard
Ceremonies at Bollinger mark redelivery of Matagorda
- Wrong move on Right Whale can be expensive
The Coast Guard has started enforcing a requirement that ships notify it before entering a Right Whale critical habitat.
- SeaWave tracks Fairweather delivery voyage
SeaWave, LLC has installed the SeaWave Integrator 3.0 aboard the Alaska Marine Highway System's new high speed ferry
- Ecuador orders patrol craft
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| MARCH 5, 2004 |
- Senator Patty Murray wins AAPA honor
- Corps closing Columbia/Snake locks for annual inspections and maintenance
- Portland Airport noise board set to meet on March 11
- Communications center opens in new Sea-Tac Airport concourse
- Rail freight traffic totals come out on top for week
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| MARCH 8, 2004 |
- Western Bulk to cash in on dry market boom with Oslo quote
INVESTORS will be offered a rare opportunity to buy shares in a publicly quoted dry bulk operator when Western Bulk Carriers returns to the stock market after a three-year absence.
- New Royal Dutch/Shell chief warns of more changes ahead
INTERIM Royal Dutch/Shell chairman Jeroen van der Veer has indicated that the upheaval of Royal Dutch/Shell’s group structure is far from over.
- Izar workers bring Madrid to standstill
THOUSANDS of Izar shipyard workers from across Spain held a massive demonstration in Madrid on Friday in protest at stagnated contract negotiations and a dearth of commercial orders.
- China set for third LNG carrier order
PLANS are emerging that point to a third order for Chinese-built liquefied natural gas carriers, even before the nation’s first firm newbuilding contract is formally signed.
- Venezuela turmoil drives up oil prices
POLITICAL turmoil in Venezuela has forced oil prices up to new 12-month highs, bringing more bunker price rises and concern that oilfield strikes in the country may follow, writes Martyn Wingrove.
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| MARCH 5, 2004 |
- Yards workers march on Madrid
ABOUT 11,000 striking Spanish shipyard workers marched on Madrid today calling for new ship orders after fresh accusations emerged that the government had refused to build a shuttle tanker at an Izar facility near Bilbao
- Milford Haven LNG moves ahead
FURTHER progress on one of the two planned LNG import terminals at Milford Haven, UK has been achieved with a signing of a Heads of Agreement with Petronas
- Intercargo raises DRI concern
INTERCARGO is raising concerns over direct reduced iron after yet another vessel carrying the cargo went down a week ago
- Georgia blocks Carolina terminal
SSA Marine hopes to build a $350M container terminal on the northern - South Carolina - shore of the Savannah River, but Georgia wants none of it
- Rickmers and Sinotrans team up
FOLLOWING last year’s talks between Germany and China about improved access to the booming Chinese market, Rickmers and Sinotrans have announced a partnership
- ISS unveils agency war chest
INCHCAPE Shipping Services (ISS) has built a ‘war chest’ worth $5M to spend on acquiring local agents, ISS group chief executive Simon Morse has revealed
- Divers search for Hera victims
- Full order book fails to save jobs
- SA fruit terminal head is suspended
- Mumbai crippled by trucker strike
- Radio errors behind Lee III sinking
- Boost for Italian short-sea
- K Line booms on bulk
- Antonini responds to allegations
- Superferry: no terror bomb
- Pong Su officers stand trial
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| MARCH 5, 2004 |
- Raft of critical issues in Long Beach
China growth, port congestion, rate talks, union contracts and Cosco chief Wei (left) on tap at JoC conference.
- U.S. finds merchant mariner terror links
- Maersk parent to flag ships in Singapore
- Customs close to resolving 'shipper' issue: Bonner
- Portland to start Terminal 4 cleanup
- Cargo strong for top China airline
- Menlo forms group to leverage ocean buying
- NYK signs woodchip pact with International Paper
- NS introduces Patriot trailer service
- RFTrax offers container radiation detection
- FedEx hub work to continue
- Kuehne & Nagel opens Munich logistics center
- TIA elects leaders
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| MARCH 5, 2004 |
- CN intermodal business down, as strike-negotiations resume
Canadian National Railway’s (CN) confirmed its intermodal figures fell 47% last week, as bargaining teams resumed negotiations today at the beginning of the third week of the strike.
- Bank says carrier shares will hit peak this spring
Freight rates on the world’s two most lucrative trades, out of Asia to the US and Europe, will plummet by over 10% within two years, according to bankers Goldman Sachs.
- Dust settles on Maersk’s Indonesian terminal switch
- UK delays leads OOCL to opt for continental feeder option
- Wan Hai strengthens Far East stronghold with two new services
- Truckers’ protest brings Mumbai and JNPT to a halt
- Portek eyes polymer exports for its Banten facility
- Burgeoning volumes and the KG system drive shipbuilding says Daewoo
- Tango terminal change to double Sepetiba throughput
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| MARCH 5, 2004 |
- Carnival files $500m shelf offering
Cruise line prepares to issue more debt, as Arison ponders weak dollar.
- RCCL improves outlook
S&P says next quarter’s deliveries will cut debt.
- Auction dates set for Royal Olympic ships
US judges order prompt sales to avoid unnecessary costs.
- Finns and Italians in aid row
Fincantieri boss hits back at Finnish claims of unfair aid.
- Operation Drydock fingers nine
FBI/Coast Guard probe finds possible terrorist links among merchant mariners.
- Leif Hoegh profit drops 50%
Write down on vessel sales and higher costs hit newly privatised shipowner.
- Russian ports push up volumes
Terminals in Russia handled nearly 10% more cargoes in 2003.
- Norwegians move on P&O Nedlloyd
Shipowner Einar Rasmussen takes a $50m stake ahead of liner company restructuring.
- Tanker king trousers $1m.
John Fredriksen sells more shares in his oil businesses.
- South Korea halts steel exports
Drastic move in bid to keep shipyards and domestic market supplied.
- HMM in $18m net loss
Korean line in red despite huge jump in operating profit.
- Fortum plans tanker upgrade
Two products carriers to become fully double-hulled to meet new EU fuel oil rules.
- Tasmania rebuffed over Cotswold Prince
Injunction prevents sale of derelict cargoship to state for token AUD 10.
- Great Eastern snaps up second handymax
Indian owner dips into second-hand market again with German bulker purchase.
- Frontline chartering boss quits
Jon Syvertsen says he has had a "great time" with tanker giant.
- Family cut Farstad stake
Sverre A Farstad diversifies investment holdings from offshore supply venture.
- Explosives-laden ship grounds
Ukrainian-flagged vessel stranded in Dardanelles with dangerous cargo.
- Fasting crew halts Indian ferry
Protest against change of management from SCI strands passengers in Kochi.
- Battle of the Indian super hubs
Ex Malta Freeport chairman among usual suspects in bids for rival ports.
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| MARCH 5, 2004 |
- FBI, Coast Guard spot suspected terrorism-linked seafarers
- P&O Ports lifts group results at P&O
- Rep. DeFazio: FMC should not be "doormat" for China
- Inchcape buys Furness, firms up Exxon links
- U.S. Coast Guard fleet modernization timeline slips
- Maersk, Safmarine start Africa/South America direct link
- NYK, X-Press start North Europe/Portugal link
- SAS adds China frequency
- Mexico reopens market to U.S. beef imports
- New Zealand Customs chief praises industry's export rules compliance
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| MARCH 5, 2004 |
- Finland investigate lost orders
The Finnish ministry for trade and industry will launch an internal investigation into why Finnish shipyards lost orders to the ...
- Fortum-tankers to be upgraded in Poland
Fortum Shipping’s 48,000 DWT tankers "Tervi" and "Palva" will be converted with fully double hull at GSY Remontowa S.A. Repair ...
- Mols-HSC on charter for P&O Ferries
Mols-Linien, a domestic ferry operator in Denmark, has chartered one its fast ferries to P&O Ferries in the ...
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