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| MARCH 9, 2004 |
Shipping News
- MPA call to meet security deadline
SINGAPORE's compliance rate with tough new maritime security legislation is 'encouraging' but local shipowners, managers, shipyards and ports still need to work to meet looming deadlines which won't be extended, the Maritime and Port Authority of Singapore has warned.
- Box volume at S'pore port up 15% in Jan
THE port of Singapore saw container throughput jump 15 per cent and overall cargo tonnage climb 3.6 per cent in January, signalling another strong growth year ahead.
- Nedlloyd cuts size of planned rights issue
DUTCH shipping group Royal Nedlloyd said yesterday it would reduce the number of shares in a planned rights issue that will help it fund a buyout of British partner P&O from a joint venture.
- APM summit to focus on trade, technology and security
THE Asia Pacific Maritime Summit 2004, opening in Singapore on March 24, will have as its theme, A New Era for Global Maritime Trade.
- Forum to throw light on China
A NEW highlight to the APM event this year is the introduction of China as a 'Partner Country'.
- Freight rates expected to soar as Asian shippers ride China boom
THE surge in freight rates is billowing into the coffers of shipping companies, which are finding themselves with too few ships to handle China's huge exports and insatiable appetite for raw materials.
Air and Land Transport
- EADS swings to profit, raises 2004 target
EADS, Europe's largest aerospace company, swung to a larger-than-expected net profit in 2003, as a strong fourth quarter at its Airbus plane-making unit and a drop in charges offset losses in its space division, it said yesterday.
- Following Southwest's path
- SIA to fly thrice weekly to Nanjing from March 28
- PAL drops loss estimate, sees 2005 profit
- Asia's travel bookings up 10% in Jan: Abacus
- LOG Book
Bulletin Board
- Bulletin Board
DHL has appointed Anne Benbow as its Asia Pacific regional human resources director, to be based in Singapore.
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| MARCH 9, 2004 |
- Shanghai sets 13M TEU target for 2004
- Fesco strengthens refrigeration capabilities
- China, Kazakhstan to form free trade zone
- MSC begins Suape-US service
- Singapore seeks free trade agreement with China
- Singapore Maritime Foundation opens
- China air marshals to take to the skies
- Chiang Kai-shek air-cargo park to be completed in 2009
- American to add LA-San Salvador service
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| MARCH 9, 2004 |
- New Safmarine service to boost S. America-W. Africa trade
- ECU-Line service to Qingdao
- Maersk Sealand introduces SAWA direct service
- Sinotrans & Rickmers-Linie strengthen cooperation
- PSA off to strong start
- "K" Line (Europe) orders new Capesize vessel
- MISC chalks up 71 pc rise in net profit
- BIMCO’s seminar in Seoul this month
- GE Shipping to acquire used Handymax dry bulk carrier
- DGS circular on tanker age guidelines to prevail from April 1
- SKS (Ship) Ltd’s vessel successfully completes 400th voyage between JNP & Mumbai Port
- Continuation of dumping duty on oxo alcohols mooted
- Imports from Russia up by 47 pc
- AP moots SPV for Krishnapatnam port railway line project
- VPT set to close this fiscal with 47.5 m tonnes throughput
- CONCOR plans car transportation by rail
- Truckers end stir
- Foreign exchange reserves up by $ 169 million to $ 1,07,675 million
- HR steel prices rolled back by Rs 4,000 a tonne
- DGFT simplifies EPCG scheme for service providers
- Forex reserves up by $ 685 m
- DCI oversubscribed five times
- CII’s Young India’s annual summit from tomorrow
- Business Opportunities in Africa’ seminar at WTC tomorrow
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| MARCH 8, 2004 |
- Gulf Coast markets suffer operational tightness
- Vopak profits down as business is realligned
Netherlands-based logistics and terminalling group Vopak blames a weak US and Singapore dollar for profit slide
- Busy Gibraltar sees earliest dates pushed back
- Vopak-Horizon announces Egyptian joint venture
Fujairah-based terminal company confirms deal to build an Egyptian government-backed giant liquid bulk terminal in Sokhna Port, south of Suez
- Turkey: Personnel moves
- Kochi refiners eager to exploit bunkering potential
A feasibility study into the construction of a bunkering terminal in the south-eastern Indian port of Kochi is expected to provide positive results
- Rotterdam slightly firmer with crude
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| MARCH 8, 2004 |
- Singapore looking for free trade pacts with Jordan and Egypt
- TNT Logistics renews contract with Fiat Auto
- Conliner goes to Italy
- Scandinavian Airlines to be split up
- Immingham gets new ro/ro terminal for DFDS
- TLF customs agents’ training council: Change in presidency
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| MARCH 8, 2004 |
- Singapore moves to boost maritime sector and flag
- US completes trawl of seafarers documents
- Precious targets period charters
- Moore Stephens warns on UK budget
- Leif Höegh’s strong 2nd half
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| MARCH 8, 2004 |
- Todd Grove named President, ABS Americas
Will succeed Kramek
- Statoil and Aker Kvaerner swap CEO's
Revolving doors in Oslo
- Water Taxi Captain "saddened"
NTSB starts investigation
- Bow Mariner salvage focus: Recovery
Coast Guard rescue efforts praised
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| MARCH 8, 2004 |
- Port of Portland moves forward with cleanup plan for Terminal 4
- False distress call lands federal prison term
- Panama Canal adds paperless vessel communication system
- DOT calls for enforcement of new truck driver rules
- Port of Port Angeles repairing John Wayne Marina floats
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| MARCH 9, 2004 |
- Aker Kvaerner and Statoil swap chiefs
NORWEGIAN industrial heavyweights Aker Kvaerner and Statoil yesterday exchanged chief executives as the two companies look to leave behind their respective recent troubles.
- Flag state failings put spotlight on ISPS Code enforcement
SOME flag states could not even name which ships are on their register, the International Maritime Organization has privately conceded - just months before the latest round of US-backed global security measures are due to come into force.
- Nedlloyd cuts share issue to P&O
Nedlloyd is reducing the number of shares it is issuing to acquire the outstanding 50% of P&O Nedlloyd in a move that reflects the recent strength of the Dutch company’s share price, writes Tony Gray .
- Navios starts FFA trading in Piraeus
NAVIOS Corp, the US-based dry bulk and logistics group, has switched its main freight derivatives trading location to Piraeus in a move that will call attention to a gradual upsurge of interest in the paper market among Greek shipowners.
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| MARCH 8, 2004 |
- Sad end to Festival dream
FESTIVAL Cruises' three largest and most modern vessels are to be sold at auction after its failure to reach a solution over the re-financing with the banks
- Prices rise on Venezuela fears
OIL futures and prices are continuing to rise in trading today because of the growing unrest in Venezuela
- Am Steamship eyes Oglebay Norton
REPORTS in Detroit, Michigan say GATX Corp's Great Lakes operator American Steamship Co is planning to buy the fleet of bankrupt Oglebay Norton
- Rates higher as boxships scarce
THE continuing shortage of containerships above 2,500 TEU capacity is causing yet more increases in rates in the boxship charter market
- Kersten Hunik declared bankrupt
DUTCH ship agent Kersten Hunik has been declared bankrupt; the Belgian branch is not affected and continues trading
- Superferry: more bodies found
THREE more bodies from the Superferry 14 were retrieved today with seven bodies recovered over the weekend, bringing the number of confirmed dead to 27
- Superferry: store room fire blamed
- Tasman Spirit: salvage not yet over
- Why Vopak pulled out of shipping
- Cable ship downturn hits Fisher's
- ICG's Toner stresses cost savings
- Aker Kværner, Statoil swap CEOs
- APM signs Aqaba terminal deal
- Arab states to work more closely
- SNCM dispute resolved
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| MARCH 8, 2004 |
- Freight rates to rise in 2004: Analysts
Box capacity on all global trade lanes, especially the trans-Pacific, will remain very tight in the coming years.
- New boxship buying spree
No letup as carriers, charter shipowners follow record year with new contracts.
- Canadian National breaks off talks with striking workers
- Tianjin leads China port expansion
- NY/NJ moves at P&O Ports
- OCEMA praises DOT chassis plan
- Zim crewman saw only fog before collision
- ITC wants info on Thai trade deal
- FESCO refreshes reefer fleet
- BNSF tabs marketing execs
- U.S. merchant mariners linked to terror groups
- Maersk to flag 20 ships in Singapore: Report
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| MARCH 8, 2004 |
- Canadian rail dispute heats up, with accusations of ‘scabs’
Canadian National Railway’s (CN) three-week-old strike has heated up, with riot-police called to enforce access to an intermodal yard, while a union official accused CN of importing US ‘scabs’.
- Rebel shareholder group threatens Eurotunnel intermodal strategy
A management challenge by a group of rebel Eurotunnel shareholders could impact on the development of Continental intermodal transport into the UK.
- Brazil ports reel from strikes’ blows
- Australian unions seek bans on manual twistlocks
- Westwood Shipping to launch Gunsan/US container service
- Kombiverkehr and Oekombi compose third Mozart service
- Bintulu shoulders ISPS charges
- Lykes Lines Appoints Agent in Iraq
- Correction: India truckers’ strike
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| MARCH 8, 2004 |
- Bulk gets a break
Dry cargo operators win 30-day reprieve on cargo filing penalties.
- ABS warns of impact of larger LNG ships
Society says 200,000 cbm ships will require change on land and at sea.
- Grove to replace Kramek
ABS confirms new head of Americas, as Kramek bumped upstairs.
- China Merchants plans shipping listing
Chinese group wants to restructure ownership of tankers and bulkers with domestic float.
- Eukor rises to Cido challenge
Car carrier insists it will be "primary partner" with Korean car-makers.
- Tasman Spirit wreck removed...
...but job not over until Karachi 8 freed, say Smit and P&I club.
- Carnival debt rated
Ranking of Plc's proposed debt reflects shelter of US affiliate.
- Bow Mariner body search begins
Mission to find bodies and causes of disaster as sonar images released.
- Mangalore crude charter race begins
Indian refinery close to awarding 6m tonne contract to one of five domestic tanker owners.
- Bangladesh pays top dollar for scrap ULCC
Third large tanker of 2004 goes to the breakers, as hungry buyers eye sistership.
- Royal Nedlloyd to cut rights issue
Dutch boxship player to axe number of shares from buyout cash raising exercise.
- Hindustan yard runs up big losses
State auditor produces damning verdict on Indian shipbuilder’s recent activities.
- Challenging year at Irish Ferries
Competitive passenger market and stronger euro cuts profit for Irish owner.
- American Steamship tipped for Oglebay
Fellow Great Lakes firm may buy Chapter XI victim.
- Precious locks bulker into three-year charter
Thai owner says hot market is giving it a greater period market play.
- Statoil and Aker Kvaerner swap CEOs
Inge Hansen (left) and Helge Lund transfer top dog roles.
- Fisher in £5m cableship hit
Writedown cuts profit 57% as marine services grow.
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| MARCH 8, 2004 |
- Hanjin Shipping revises 2003 profit figure
- Nedlloyd cuts number of shares in rights issue
- Lykes Lines appoints agent in Iraq
- OOCL adds Hull to feeder service
- MOL tests wind generator on ship
- Coast Guard corrects lease-financing rule for coastwise trade
- Treasury Secretary tells maritime labor board of economic upturn
- U.S. international air freight traffic down 1% in January
- ITCO becomes part of ISO technical committee for tank container design
- U.S. farmers predict big financial losses from EU import sanctions
- Kuehne & Nagel's U.S. unit takes in USCO; Auray leaves
- MOL Logistics (USA) opens branch in Mexico
- Ryder System names Maccio to head dedicated contract sales
- WFP cancels recent food aid deliveries to Burundi
- Panama Canal doubles pilotage fees for deficiencies
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| MARCH 8, 2004 |
- Smedvig rigg damaged by supply ship
Smedvig drilling rig "West Venture" was damaged after a collision with the Farstad Shipping supply vessel "Far Symphony" early Sunday ...
- Spar Shipping buys three panamax bulkers
Bergen-baser owners Spar Shipping has bought three panamax dry bulk vessels. According to Norwegian brokers the vessels are the ...
- Stenersen orders another product tanker
Rederiet Stenersen in Bergen has ordered another 16,400 DWT product tanker from the Jiangnan yard in China at a reported ...
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