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| JULY 9, 2004 |
Shipping News
- Singapore terminals act to cut congestion delays
BETTER communication was one of the solutions to the unprecedented congestion delays at Singapore's main container terminals discussed yesterday by PSA Corporation and the Singapore Shipping Association.
- PTP volumes hit record 2 million TEUs in H1
THE neighbouring Malaysian Port of Tanjung Pelepas is riding the current wave of global cargo movement, posting a record 2.01 million TEUs for the first six months this year, up 25 per cent over last year.
- Pacific Basin's IPO raises HK$1b
PACIFIC Basin Shipping Ltd, a Hong Kong-based dry bulk shipper, raised HK$1.09 billion from an IPO priced near the middle of expectations after it drew solid demand from institutional investors.
- ITF warns against using ISPS for union busting
THE International Transport Workers' Federation has warned that it will be on the lookout for misuse of the new International Ship and Port Facility Security Code as a weapon against port unions.
- China ship collision leaves one dead
ONE sailor was killed after a Chinese ship and a Korean vessel collided off northeast China's Lushun City yesterday morning.
- China Shipping sees 50% jump in H1 profit
CHINA Shipping Development Co Ltd, mainland's second-largest shipping firm, said yesterday it expects first-half net profit to rise by over 50 per cent, partly due to higher freight rates.
Air and Land Transport
- SilkAir crash: US firm told to pay US$44m
PARKER Hannifin Corp, the world's largest maker of hydraulic equipment, was told by a Los Angeles jury to pay US$43.6 million to the families of three people killed in a 1997 crash of a SilkAir Pte plane in Indonesia.
- Boeing announces first European orders for 7E7
- Higher June traffic for Europe carriers
- SIA Cargo to expand aircraft fleet
- Log Book
Admiralty Casebook
- Proceedings allowed despite delayed statement of claim
THE Singapore Court of Appeal last month upheld the ruling of the High Court allowing a cargo claim to proceed despite the fact that the statement of claim was filed and served well out of time.
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| JULY 9, 2004 |
- Container growth promising despite volatility, says MOL chief
- P&O unit sells US property
- Bengt Claesson appointed MD of Barwil Agencies
- PTP first half volumes rise
- Exel clinches logistics contract with Indonesian firm
- Terrorism expert plays down fears of imminent maritime attack
- Hactl reports increase in throughput for June, Q2
- DHL expects over 20 per cent traffic growth in Malaysia
- Airports Council Int'l relocates office to HK
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| JULY 9, 2004 |
- Samsung delivers world’s largest containership
- Tonnage tax in, but benefits under Sec. 33 AC out
- Exim Bank raises $ 250 m from bonds issue
- New rail facility at Kakinada Port to become operational by month-end
- ONGC to shift ship supply base to KDWP
- Survey sees need for Major Ports to benchmark against world’s best
- Railways’ facelift should have been priority: AIAI
- Shot-in-arm for core sector projects
- FM’s reforms gaadi gives farmers a lift
- Robust export growth reflects on health of economy-Survey
- Customs duty on RPO hiked to 75 per cent
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| JULY 8, 2004 |
- Mixed messages point to continued crude price volatility
The latest weekly oil inventory data from the US contained both bullish and bearish elements, while underlying concern about supply persist.
- 'First' bunker service launched in Chile's north zone
Copec Marine Fuels unveils barging services in Chile's 1st and 2nd zones.
- US oil inventories at a glance
- Polish refinery changes trigger supply fears
'Off-spec' residual product not suitable for bunker market after changes to key refinery's production process leaves avails tight.
- Rotterdam holds steady despite early crude rise
- Intertanko challenges state-level oil spill bill
Intertanko lawyer urges US federal government to quash state move on spill-bill legislation.
- Singapore fuel oil stocks soar to record levels
Rise follows hot on the heels of significant take-up of arbitrage bookings from Europe to Asia, raising spectre of bearish bunker and cargo markets through July and August.
- ULCC booked to ship record Asia-bound cargo arbitrage
Record fixture to ease Rotterdam congestion but continued weak demand from China in Singapore could see island state market over-supplied.
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| JULY 8, 2004 |
- Brussels acts against EU member states
- Immingham port project get green light
- MOL and NYK to develop Chinese car terminals
- "UK still needs breakbulk services"
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- ISPS/MTSA: Coast Guard completes the first week
Commandant says "relativly small number" of non-compliant vessels and facilities
- Barwil offices will give ISPS guidance
Now there's a BSO (Barwil Security Officer) at each of Barwil's 243 offices worldwide
- OMI no longer pursuing Stelmar acquisition
Will focus on integration of 14 vessels being acquired from Athenian Sea Carriers and Arcadia Ship Management
- Crowley reports smooth transition to new security regime
One week after the implementation of new security measures at ports across the U.S., Crowley Liner Services vessels and cargoes are continuing to move with no unexpected delays
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| JULY 8, 2004 |
- Schnitzer Steel's third quarter sets records across-the-board
- MarAd releases report on U.S. shipbuilding/repair sites
- Corps sets closure of small locks in Ballard
- Steel imports into U.S. up nearly four percent in May
- NCL adds third ship to Hawaii service fleet
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| JULY 9, 2004 |
- Critics round on TOP Tankers’ $230m offering
AN INITIAL public offering which could raise almost $230m has been announced by TOP Tankers, a Greek company controlled by the Pistiolis family. Four of the handymaxes will have a base rate of $14,500 per day.
- OMI drops pursuit of Stelmar bid
OMI is not pursuing a merger with former bid target Stelmar Shipping "at this time", writes Tony Gray.
- Damages threat to Pertamina sale
IN AN unexpected twist to Pertamina’s sale of two very large crude carriers to Frontline utilities company Karaha Bodas is said to be attempting to seize the vessels as part payment of a $261m damages award.
- Panama tops coastguard ISPS offender list
A WEEK on from the introduction of the International Ship and Port Facility Security Code, the world’s largest register is leading the league table of vessels hit by US Coastguard inspections.
- Criminalisation of seafarers ‘turning young recruits away’
SHIPOWNERS’ worst fears about the impact of criminalising polluters may be coming true, with early signs that the attraction of a career at sea is fading in some major seafaring countries.
- Shell and Qatar Petroleum clinch GTL deal
ONE of the world’s largest gas-to-liquids projects has taken an important step forward, writes Tony Gray.
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| JULY 8, 2004 |
- Stelmar deal dead, says OMI
AS recently as last week, OMI said it might still be open to talking with Stelmar about co-operation, but today it definitively said it is not - at least in the near term
- Coast Guard defends scuttling vessels
RESPONDING to a human rights group, the US Coast Guard says it has been boarding and scuttling vessels off several Latin American countries as a safety precaution
- PSA tackles problems of plenty
SINGAPORE container terminal operator PSA and the Singapore Shipping Association have held talks to discuss how to resolve congestion following surging volumes
- EU challenges UK Customs over booze
THE European Commission has criticised UK Customs for heavy-handed action on ferry passengers' alcohol and tobacco purchases
- Truck strike continues at Miami
LAST week’s strike by independent US hauliers was supposed to end on 4 July and while the work stoppage ended early at most ports, Miami, Florida continues to suffer
- Ship runs aground at Beira
THE 9,866dwt South African coaster Pongola is still aground after running onto one of the notorious sandbanks on the approaches to the Mozambique port of Beira on 6 July
- Tonnage tax for India
- Cruise crew accused of assault
- Australia/NZ trade hikes rates
- Crewing hit by 'criminalisation culture'
- Lloyd Werft creditors hold back
- TOP Tankers to list in US
- Spanish ban French ferry entry
- SSA keeps Umm Qasr per interim
- NCL cements US-flag plan
- ABP's Immingham project approved
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| JULY 8, 2004 |
- A glimmer of hope in Miami
Striking independent truckers are offered incentives to return to work, local trucking exec said.
- ILA dissidents seek new vote
Claim irregularities in longshore referendum on six-year master contract, ask for independently supervised rerun.
- House panel clears Customs authorization
- Castle Harlan finalizes purchase of Horizon Lines
- Pirates take $44 million bite from legal software producers
- FAA investigates stray trucks at O'Hare
- US, China resolve semiconductor dispute
- China frets over US measures on shrimp
- European, Andean groups oppose phase-out of textile quotas
- Hong Kong terminal to scan every box
- Maersk Sealand starts new trans-Pacific service
- President of TSK Line named chairman of Intra-Asia Discussion Agreement
- China Shipping deploys its first 8,000-TEU ship
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| JULY 8, 2004 |
- Chinese bid to meet intermodal demand with double stack trains
The Chinese Ministry of Railway’s intermodal arm, the China Railway Container Transport Centre (CRCTC) has introduced US-style double stack trains between Shanghai and Beijing.
- Lines warn of reefer slot shortage as breakbulk service folds
- Truckers strike jams Miami Port
- Key issues for Australia’s Part X review revealed
- Swiss approve 50% increase in heavy vehicle toll
- Coolboxx offers reefer alternative
- Modern Terminals to scan all containers by September
- Wan Hai orders three more panamax vessels
- First week of ISPS sees 19 ships denied entry
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| JULY 8, 2004 |
- Genmar, OMI tankers in collision
Officials assess damage after capesizes collide in Quanzhou.
- Wang sworn in at UECC
Car carrier confirms change in top management as Jaeger steps down.
- Vafias ventures into China
Greek owner and broker establish Eastern Star Maritime to tap booming shipping market.
- German yard merger ‘by end July’
Shipyard sources think they know the when but not the where of the HDW-Thyssen Krupp merger.
- Flare survivors settle suit
Greek operator Trade Fortune has settled with victims over a 1998 break-up that cost 21 lives.
- French flag down panamax
The French eye-in-the-sky has diverted its biggest ship yet to Brest for suspected maritime pollution.
- LPG carrier in fatal collision
A South Korean gas carrier has been held at Dalian after the sinking of a Chinese ship.
- Idle ships hit gas pool
Shortage of product hits new semi-refrigerated joint venture plunging IM Skaugen into the red.
- Trasmed tunes up order
Spanish ferry owner wants five newbuildings to replace ageing Strait of Gibraltar vessels, which could boost struggling Izar yard.
- NCL lends Lloyd Werft $37m
A German bankruptcy court has put Werner Luken back in control of the troubled yard.
- Yard and owner tie knot
Ukraine’s Kilia plant merges with cargoship operator Ukrainian Danube Shipping.
- TOP Tankers files IPO
Expanding Greek owner plans to offer 13.3m shares in US listing.
- Pongola aground off Beira
Tom Worden feeder containership gets into trouble off coast of Mozambique.
- Wan Hai adds air shares
Taiwanese box line’s Chen family continues to pour cash into China Airlines, fuelling talk of alliance.
- CSDC set for bumper growth
Interim profits set for year-on-year jump of at least 50% says Hong Kong-listed shipowner.
- Pacific Basin sets IPO price
Handysize bulker operator has raised HKD1.1bn after setting offer pricing at HKD2.50 per share.
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| JULY 8, 2004 |
- Study: Transpacific freight rates to drop in 4th quarter
- TMM takes slots on two Maersk transpacific services
- Eimskip orders two reefer ships
- NYK executive named chairman of IADA
- World Airways to beef up fleet
- Standard & Poor’s says fuel surcharges boost U.S. trucking sector
- NVO takes FESCO complaint to the FMC
- U.S., Oman ink trade and investment agreement
- Tanjung Pelepas tops 2 million TEUs in first six months
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| JULY 8, 2004 |
- No Gotland traffic to Balticum - yet
Rederi AB Gotlands plans for a new ferry service between the island of Gotland and Balticum will not be launched ...
- 80 non-ISPS compliant vessels in US waters
38 vessels were detained in US ports and 42 vessels were denied entry to ports in the USA during the ...
- Norwegian offshore strike escalates
The Norwegian oil worker union OFS has filed to withdraw its notice of strike on the rig "Deep Sea Delta ...
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