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| AUGUST 9, 2004 |
Shipping News
- HK-listed lines post robust profits
HONG Kong-listed shipping companies have been turning in sharply stronger first-half profits after China-led global trade pushed freight rates higher - a trend several industry watchers say could carry into 2005.
- Hanjin Shipping's Q2 earnings rise 13%
HANJIN Shipping Co, South Korea's largest shipping line, said profit rose 13 per cent in the second quarter because it carried more cargo and raised freight rates.
- US court throws out ABS claim Spain mishandled oil slick
A US court hearing a case brought by Spain against the American Bureau of Shipping has thrown out a counter claim that Madrid mishandled the 2002 sinking of the Prestige oil tanker in its waters.
Air and Land Transport
- Virgin Blue faces a bumpy ride as new rival, fuel prices hit earnings
AUSTRALIAN discount airline Virgin Blue faces a bumpy ride as an aggressive fightback by rival Qantas and rising fuel prices hit its bottom line, analysts say.
- BA seen flying back into the black in Q1
- EasyJet says fares, yield fell
- Thailand's mega-airport still struggling to materialise
- Swiss wins back blocked funds
Admiralty Casebook
- US court throws out ABS claim Spain mishandled oil slick
A US court hearing a case brought by Spain against the American Bureau of Shipping has thrown out a counter claim that Madrid mishandled the 2002 sinking of the Prestige oil tanker in its waters.
Dockyard
- Calling at US ports? Make sure oil record book is in order
LAST week, tanker owners' group Intertanko took up its cudgel when it found out that two US oil terminals had simply banned anybody at all, other than agent, pilot and surveyor, from visiting vessels at their facilities.
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| AUGUST 9, 2004 |
- Shenzhen to set up 3-PL base
- Mainland rail network under flood pressure
- MacAndrews enters India-America trade
- "K" Line aims to promote stability, says president Sakinaga
- Congo river surcharge to be imposed
- Port of Rotterdam appoints new representative in Austria
- Maersk establishes branch in Chongqing
- Hactl cargo volumes grow 16.2pc over first seven months
- Korean Air Cargo launches service to Calgary
- Net income doubles for EGL in second quarter
- Delta names Supply Chain Management VP
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| AUGUST 9, 2004 |
- Thoresen to start Mumbai-Sharjah break-bulk service
- MacAndrews joins Indamex consortium
- MoS drafts new policy paper for maritime sector
- Shipping Ministry unfolds new package deal for ship-building, repairs industry
- India, China sign agreement to set up country’s largest silk reeling facility
- Oilmeal exports rise by 50 pc in July
- Tea industry urged to aim for exports of 200 million kg
- Kolkata Port sets new records in container and bulk cargo-handling
- Development & privatisation go together—VPT Chairman
- Govt fixes 2004-05 export target at 16 pc
- Steel prices hiked by Rs 500-1,000 a tonne
- CBEC draws up new format for filing Cenvat returns
- GMB identifies five potential intermediate ports in Gujarat
- Commerce Ministry’s annual report projects better export performance in 2004-05
- Fieo to organise global congress on trade in services next month
- Ex-im traffic, small units hit most by torrential rains—AIAI chief
- DGS, IGNOU join hands to upgrade sea cadets courses
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| AUGUST 6, 2004 |
- China: Commercial oil products tankage to double in 2 years
Independents lead the way in tankage investment in China as surging fuel oil imports demand more space.
- Baltic sees calmer end to busy week
Heavy demand in St. Petersburg exception to the rule today.
- Crude oil scales new heights in 'runaway' market
Analysts predict $50 oil on fears that supply side will fail to keep pace with demand growth.
- Indonesia: Sunken ship spills oil waste cargo
- Titan sees first half profits quadruple
China-backed shipowner, oil trader and bunker company sees policy for rapid investment and growth pay dividends.
- Call to boost European energy security as oil surges
The EU commissioner for Energy and Transport renews calls for bigger European oil reserves as soaring prices highlight supply vulnerability.
- Rotterdam fuel oil steady despite crude surge
- MPA: 'Bunker surveyors pleaded guilty'
Singapore's Maritime and Port Authority (MPA) says that the three bunker surveyors accused of corruption pleaded guilty today.
- Surveyors suspended as new scandal erupts
Three surveyors in Singapore, one of of which was under contract with DNV Petroleum Services (DNVPS), are under investigation in the latest corruption probe by Singapore's Corrupt Practices Investigation Bureau (CPIB).
- Xiamen: The next port for rapid bunker growth
Chimbusco eye rapid bunker market growth as south-eastern Chinese port is earmarked for massive investment in container terminals.
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| AUGUST 6, 2004 |
- Roadway adds new tools to its website
- EIB loan for Prague ring road
- BLG Logistics stays on course for growth
- New India-Nepal rail link now in service
- Dragonair extends freighter network
- CP Ships postpones Q2/2004 report to 16 August
- Railion names Freytag new board member for finance
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| AUGUST 6, 2004 |
- $2.1 million for whistleblower in OMI case
- "Regional pockets" lag in ISPS compliance
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| AUGUST 6, 2004 |
- Sea-Tac Airport sees gains in freight volume for half year
- Rail intermodal numbers return to record setting ways
- Coast Guard enforcing Seafair security zones
- MarAd publishes report on ship calls to U.S. ports
- Washington ports exhibit on display at Cowlitz County Fair
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| AUGUST 9, 2004 |
- Lawyers attack EU moves to criminalise sea polluters
LAW firm Ince & Co has slammed the latest draft of European Union proposals which criminalise maritime pollution offences, rejecting the notion that amendments made by the Council of Transport Ministers represent a compromise solution.
- Ports lag on ISPS regime
MORE than 10% of ports that need to comply with the International Ship and Port Facility Security Code have still to meet the necessary standards more than one month after the implementation deadline.
- ABP faces strike threat after pay offer is rejected
ASSOCIATED British Ports employees are to be balloted on industrial action, in a move that could spark the first national ports strike since the Thatcher government scrapped the National Dock Labour Scheme in 1989, writes David Osler.
- DNVPS surveyors plead guilty to corruption in Singapore
THREE bunker surveyors subcontracted by DNV Petroleum Services in Singapore have pleaded guilty to corruption charges.
- Lloyd’s List Bunker 60 is launched
LLOYD’S List has strengthened its markets coverage with the addition of Bunker 60 to its range of maritime news services.
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| AUGUST 6, 2004 |
- Joint cruise ops at Civitavecchia
CARNIVAL Corp, through its Italian subsidiary Costa Crociere, and Royal Caribbean Cruises have agreed to jointly manage cruise operations at Civitavecchia, Italy, under the terms of a multi-year concession to be granted by the local port authority
- New Argentine flagging requirements
ARGENTINA is introducing new policy to attract domestic owners back to the Argentine flag by severely cutting the advantages of being flagged out
- OOIL reports tripling of profits
A COCKTAIL of strong container volumes combined with a solid level of freight rates has resulted in a more than tripling of profits for Hong Kong’s Orient Overseas International
- Caspian box trade starts
RUSSIAN maritime sources have reported the first customs clearance of containers through Iran transported on the expanding Caspian route between Iran and Russia
- More congestion seen for LA-LB
PORT users and workers this week painted a pessimistic picture concerning plans for congestion relief for the Ports of LA-LB
- Weaver's Coves passes EIS hurdle
PLANS for a $250M LNG facility in Massachusetts are moving closer to fruition with the completion of the environmental impact statement and the scheduling of public hearings
- Ghost Fleet getting smaller
- Sea Containers – mixed profits
- Ro-ro fire off Sardinia coast
- Freight rise for Stena
- Coscon to readjust capacity
- Singapore cancels surveyor licences
- Industry supports WMD interception
- Singapore launches maritime degrees
- Sri Lankan bunker battle
- New Alaskan deepwater port
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| AUGUST 6, 2004 |
- W. Wilhelmsen expands S. A. service
Ro-ro carrier introducing two new service rotations in its South America trade lane.
- Japan curbs on U.S. apples probed
International trade body investigates Tokyo's health checks on American imports.
- Improved ISPS compliance, says IMO
- Dominican Republic joins CAFTA
- Canal work won’t delay Maersk trans-Pac
- Congestion hitting India textile exports
- Customs lists AMS-compliant Miami airlines
- New U.S.-Canada bridge proposed
- Philadelphia volume gains
- Oakland hires maritime director
- FedEx extends exchange offer
- NWA Cargo adds EDI charge
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| AUGUST 6, 2004 |
- Guangzhou and Xiamen expansionists seek foreign investment
Ambitious port and free trade zone expansion plans at Guangzhou and Xiamen has been announced, with the port-cities seeking foreign investment to add to promised state-sector funding.
- Canadian ports mull free trade zones
Canada should seriously consider establishing free trade zones (FTZs) at its major ports to cut red tape, attract investment and improve competitiveness with US ports.
- Israeli docks action continuing, despite union agreement
- Coscon enhances transpacific and Asia/Europe service
- Korea/China rates to go up
- Hamburg anticipates 150,00TEU annual windfall from South China Express
- Gotthard base tunnel not before 2015
- Northport hauliers agreed to a grace period for the new data entry practice
- Asian and Indian exporters help boost Virginia fiscal-year growth 9.3%
- Tianjin Port box-volumes continue to grow
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| AUGUST 6, 2004 |
- OMI whistleblower wins $2.1m
Third engineer aboard Guadalupe helped feds learn of pollution trail, takes half of OMI's $4.2m fine in New Jersey sentencing.
- Ferguson in the red
Glasgow shipbuilder loses cash in 2003, but is more optimistic about this year.
- Oaktree dumps Genmar stock
Largest stakeholder's 19% cut said to further drop in tanker owner's share price this week.
- Black Sea tensions rising
Georgian threat to ships visiting separatist state of Abkhazia.
- Tug and barge rip up El Paso platform
The charterer of a JJ Ugland barge is being accused of tearing up a US natural-gas facility with it.
- MOL wins Sakhalin deal
Japanese giant to haul equipment for Russian LNG/oil terminal.
- It's over!
TMM finally persuades investors to exchange bond debt, avoiding Chapter XI filing.
- OOIL triples profit
Shareholders rewarded as company hikes interim dividend.
- Nordea says no thanks
Banks are leery of financing a Stena shipbuilding project in Norway.
- Sea Containers in $10m loss
First-half disappoints despite box boom and solid Silja result.
- Ro-lo engine burns off Sardinia
Another Navibulgar ship has run into operational trouble.
- Polnocna expects to double profit
Gdansk yard will complete 18 ships this year as it plots growth path.
- Flensburger in pole position
German shipyard tops list for BC Ferries' CAD 500m three-ship deal.
- Yen bites Mitsui
Japanese shipbuilder pushed to first quarter loss by stronger currency.
- Death bulker back in court
Greed caused the death of 12 seafarers, say German prosecutors.
- Tankers shine at Titan
Crude transportation arm chips in over 60% of interim profits at China-backed owner and oil trader.
- CSDC in profit surge
China Shipping’s tanker arm sees profits soar on back of import boom.
- Adsteam gets UK tug cuts
British trade union agrees to Aussie towage and ports group’s plans for reduced crewing levels.
- Toei and Kyoei in the black
Smaller Japanese owners make positive start to financial year.
- TOP takes Doubtless
Newly listed shipowner takes delivery of first in a series of ten tankers acquired from Sovcomflot.
- Wartsila powers forward
Record shipbuilding activity lifts results for engine-maker but market cooling as yards full-to-capacity.
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| AUGUST 6, 2004 |
- Profits surge at Japanese shipping lines
- OOCL parent triples its half-year net profit
- CP Ships delays publication of 2nd quarter results
- CKYH alliance to phase in 7,500-TEU boxships in Pacific
- MOL predicts full ships until end of 2005
- IMO reports late compliance of ports with ISPS code
- Shippers evaluate pre-buying fuel for carriers
- Citizens Trust secures $15 million credit line for CSX Corp.
- Support builds for NVO contracting proposal
- FMC reviews 5 OTI applications, revokes 4 licenses
- Small railroad gets $25 million to overhaul track
- Texas university to study freight transport for Congress
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| AUGUST 6, 2004 |
- Fosen secures three orders
Fosen Mek. Verksteder has secured orders for three ro-ro vessels, of which two are for Stena. However, all the ...
- DNV contracted bunker surveyor charged
A bunker quality surveyor contracted by DNV Petroleum Services (DNVPS) appeared in court in Singapore today charged with corruption. The ...
- London’s maritime position threatened
London’s position as the world’s pre-eminent provider of maritime services in threatened, according to a new report published by ...
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