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| APRIL 9, 2004 |
Shipping News
- PSA's local volumes up 12% in Q1
PSA Corporation's Singapore container throughput grew 12 per cent in the first quarter of 2004, while Jurong Port chalked up about 60 per cent more boxes than a year earlier, the two local operators announced yesterday.
- Shenzhen port rides high on China's export surge
CHINA's Pearl River Delta container port of Shenzhen continues to ride the surging wave of Chinese exports with first quarter volumes up 30 per cent over the same period last year, according to the Shenzhen port authority.
- Indian shipping firms rush to boost fleet as imports soar
INDIA's Great Eastern Shipping Co and Mercator Lines Ltd plan to spend more than a combined US$420 million on new ships in the next two years as rising demand for crude oil and factory machinery swell cargo traffic to Asia's third-biggest economy.
- TANKER RATES
GULF oil tanker rates for shipping crude to Asia, unchanged yesterday, may fall after the Easter holidays as oil companies and traders postpone bookings for May in anticipation of lower rates.
Air and Land Transport
- Air Canada revamp chief resigns
AIR Canada's No 2 executive, Calin Rovinescu, resigned unexpectedly on Wednesday for undisclosed reasons, marking another setback in the insolvent airline's last-ditch efforts to emerge from bankruptcy protection and avoid liquidation.
- Rolls-Royce looking at risk sharing in Boeing 7E7 project
- Indian Airlines to lease six A320s this yr
- EU clears Alitalia-Air France tie-up after they give up slots
- March passengers, cargo up at Incheon airport
Admiralty Casebook
- Liability limitation depends on type of maritime claim
WHETHER a charterer can limit its liability under the 1976 Convention on the Limitation of Liability for Maritime Claims will depend on the type of claim against it rather than the capacity in which it acted when it incurred the liability, the English Court of Appeal ruled recently.
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| APRIL 9, 2004 |
- Fewer ships being detained at foreign ports now, says D-G of Shipping
- SCI clearing decks for major fleet expansion
- India still studying EU’s higher textile quota offer
- Film exports for TV telecast eligible for tax benefits: HC
- Poll panel may stall JNP’s 3rd box terminal, Cochin ICTT projects till new govt is formed
- ABG group’s Cardinal Logistics bags Kolkata Port’s container terminal development project
- 11 firms submit EoIs for Vizhinjam ICTT
- Kolkata Port records 15 pc growth in traffic
- MICT gets green signal to operate its CFS
- Box volumes dictate rakes frequency to ports, asserts CONCOR MD - A. K. Kohli allays trade misgivings on rakes availability
- BTL vessel creates new record at JNP’s shallow berth
- 610-km GAIL pipeline commissioned ahead of schedule
- Karnataka govt offers ‘Gold Card’ facility for exporters with good track record
- India committed to 100 pc FDI in shipping, WTO told
- ECGC settles bank claims of Rs 101 crore
- SEZ scheme put off till May 1
- IMC workshop on quality award criteria next week
- ...workshop on e-filing of service tax returns postponed
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| APRIL 8, 2004 |
- Bulls & holidays dampen demand in the ARA
A combination of tight prompt avails coupled with bullish crude movements have conspired to push markets in the region significantly higher today. This was another factor suppressing demand as more attractively priced options can be found, depending on the shipping route of any given buyer.
- Singapore fuel oil draw attributed to Chinese demand
- Singapore ends week firm but nervous of correction
Prices firmed in Singapore today as the market slowed down ahead of the long weekend, but suppliers were heard keen to sell at today's elevated numbers as many anticipated the bull run for this market could be coming to an end.
- Mixed bunker avails outlook as refiners cut runs
South Korea's biggest refiner has cut crude processing rates more than originally planned this month, while other refiners have cut production of HSFO, which is having some impact on the country's bunker market.
- Indian market update
- Rotterdam firm, prompt product tight
- Nippon Oil and NYK reduce March IFO180 price
IFO180 retroactive price down fractionally as MDO levels raised $2 pmt
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| APRIL 9, 2004 |
- Night Star Express: Germany-wide delivery scanning
- Jordan’s exports to Europe "disappointing"
- McLane España opens three new logistics platforms in Spain
- Rail link between Azerbaijan/Iran
- Royal Jordanian all-cargo service to Barcelona
- Famous Pacific Shipping on the move in China
- Venice Port Authority names Zacchello as President
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| APRIL 8, 2004 |
- CMA CGM profits soar
- Curnow fraud trial collapses
- Indonesian Navy in piracy claim
- MOL upgrades intra-Asia services
- Evergreen clears ISPS hurdle
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| APRIL 8, 2004 |
- Singapore operator orders OSV's in Hong Kong
Ezra Holdings places $11 million in orders with Cheoy Lee
- Hollings introduces maritime security legislation
Sets up user fees and penalties--including vessel forfeiture
- Entire Evergreen fleet gets ISPS certification
ABS assists in landmark effort
- Wartsila power for FESCO icebreaker
Building at Kvaerner-Masa Yards
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| APRIL 8, 2004 |
- Homeland Security boss gives speech at Port of Portland
- Schnitzer Steel posts record net income figure for quarter
- Crowley awards scholarship to University of Puget Sound student
- Helen Delich Bentley heading for Maritime hall
- Carriers plan to raise rates
from US to Australia, New Zealand
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| APRIL 8, 2004 |
- Incorrect manifest ruins cruise
HUNDREDS of passengers were stranded in Charleston, South Carolina yesterday when the US Coast Guard forced Celebrity Cruises’ Galaxy to leave port for several hours because of an improperly filed passenger manifest
- Talks continue at Daewoo Mangalia
TALKS between Romania's Daewoo Mangalia shipyard management and the union representing strikers have continued today in a bid to resolve a seven-day strike
- US labour deal on course
LONGSHOREMEN in the US continue labour negotiations with local ports following a 23 March general pact with East and Gulf Coast ports
- China now NY's top trade partner
THE Port of New York-New Jersey's internal forecast for 4% growth per annum has proven far too conservative
- Cash problems beset Northlink
FINANCIAL difficulties facing NorthLink Orkney & Shetland Ferries has led the Scottish Executive to order an early re-tendering of the contract to operate ferry links
- Shrewd LUKoil profits from deal
LUKOIL has arranged the sale of its fleet of river-sea class tankers to a Malta-registered company indirectly controlled by LUKoil management
- Pont Aven bow door problems
- Itajai port expansion approved
- Ferry terror link still open
- Tor Line starts Gdansk link
- SSW fails to satisfy Bremen
- TMN eyes bigger ships
- Tariff caps stay at Laem Chabang
- New Eurotunnel board sets agenda
- Chinese yards warned not to rush in
- China fuels CMA CGM results
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| APRIL 8, 2004 |
- Senate panel OKs security bill
The legislation strips a provision that would have required the government to collect a service fee to support $400 million in annual port security grants.
- Shippers open to longer gate hours
The Waterfront Coalition has pledged to work with terminal operators in Los Angeles-Long Beach to support a program of extended gate hours.
- FMC nominations head to full Senate
- Consortium adds Indian port to China service
- Box shortage crisis coming, says Pacer exec
- Lloyd Triestino upgrades intra-Europe service
- House members ask for more port security money
- Taiwan hubs nearer free-port status
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| APRIL 8, 2004 |
- APMM can expect higher rates and soaring profits for two more years says bank
UBS Investment Research is predicting a staggering 19.5% net profit increase for AP Moller-Maersk (APMM) between the end of 2003 and 2005 as a result of increased freight rates.
- Intermodal crisis escalates on Canada’s west coast
Canada’s west-coast intermodal crisis is deepening, with over 10,000 containers of inbound Asian goods stranded, thanks to a railcar shortage.
- ZAP group set to enter China/Australia trade in mid-May
A new Zim/APL/PIL (ZAP) consortium is set to enter the China/Australia trade with a weekly service, although it is said to be undecided about entering the controversial Asia-Australia Discussion Agreement.
- Asian volumes add impetus to PANYNJ intermodal developments
- Rising energy demand puts pressure on truck charging warns IEA
- Zim continues collaborative approach to trans-Pac services
- Rotterdam added to MSC Silk string
- Novi Sad remains the only block on Danube's river highway
- CIMC to start construction of a fifth container plant
- Senator Lines to participate in CHKY’s China-North Europe Express
- MSC changes UK west coast coverage
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| APRIL 8, 2004 |
- Saipem to drain Prestige
Italian offshore company plans to complete oil removal operations by end 2004.
- First Marine in bail row
Japanese owner slammed for trying to recover bail for bulker crew involved in sinking of trawler.
- Shinwa Kaiun gets new chief
Japanese shipowner puts ex-NYK Line vice president Takehiko Kakei at the helm
- Cove Point tops US LNG imports
Cheniere-chartered Tenaga Empat debuts in the US for Sonatrach.
- Gdynia to get new loan
Polish yard wins more cash for restructuring and operations.
- Volumes still growing for CSC
Azeri owner Caspian Shipping boosts cargo numbers again in first quarter of 2003.
- Wartsila executive freed
Finnish engine maker’s Swedish chief released by police after questioning.
- Nedlloyd names the day
Shares in new Royal P&O Nedlloyd line will be traded from 19 April.
- Birka downbeat on prospects
Disappointing 2003 could turn into worse 2004 for Finnish ferry owner, as costly new ship is delivered.
- Master missing from cargoship
Foul play suspected as father calls for inquiry into disappearance from Univan ship off Brazil.
- EOX focuses on shipping
Malaysian owner completes disposal of stake in gas company to concentrate on boxships.
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| APRIL 8, 2004 |
- CMA CGM's net profit soars 333%
- Coast Guard defines 'international voyage'
- Hapag-Lloyd, Zim to run Canada/U.S./Jamaica link
- WITASS members extend peak season reefer surcharge
- TOTE names Deaver president, promotes Parrott to VP
- U.S. wins key points Canadian wheat dispute, loses CWB argument
- U.S. Customs, Commerce finalize deal to share export data with Mexico
- Schaefer appointed CFO of Schenker
- European Commission faults Finland, Italy on port state control
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| APRIL 8, 2004 |
- Suspected market manipulation of Aker Kvaerner share price
Norway’s financial regulating authority - Kredittilsynet - is looking into allegations of manipulation during the last Aker Kvaerner right issue. Wrong information ...
- Intertanko criticises crew detention
The practice of governments to detain crews after a tanker incident is heavily criticised by Intertanko. Its new chairman, American ...
- Prestige operations resume in May
Work to recover heavy fuel oil and hull samples from the sunken oil tanker "Prestige" at a depth of nearly ...
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