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| MAY 10, 2004 |
Shipping News
- S'pore Straits back on piracy area list
THE Singapore Straits has become the world's latest piracy-prone waterway with a disturbing spike in attacks in the first quarter of 2004, the International Maritime Bureau's Piracy Reporting Centre has noted.
- It's the region's responsibility: M'sia
FOREIGN Minister Syed Hamid Albar has reiterated that the responsibility for ensuring the peace and security of the Straits of Malacca rests with the littoral states.
- Strong rates propel P&O Nedlloyd back into profit
A budding recovery in container shipping rates helped Dutch shipper Royal P&O Nedlloyd to a first-quarter profit and the firm reiterated its forecast that the industry was set for more growth.
- Gulf firms launch US$430m line
THE Gulf emirate of Dubai has announced the setting up of Gulf Energy Maritime , a US$430 million shipping company and a joint venture with Abu Dhabi and Omani government firms.
- Over 70 injured in Yangtze ship collision
MORE than 70 people were injured when a passenger ship and an oil tanker collided in the Yangtze near Chongqing in south-west China, state media said yesterday.
- SHIP SALES
WHILE chartering rates have been under pressure, especially with the banking restrictions in China squeezing cash availability, a reversal in the downward trend in the rates for panamax bulkers has improved in the last few days.
Air and Land Transport
- Airbus counting on A380 to lift profit, beat Boeing
AIRBUS SA, the world's largest planemaker, expects total sales of its planned 555-seat A380 airliner to exceed 1,000 planes over the model's lifetime, chief executive officer Noel Forgeard said.
- EADS reviewing Boeing subsidies for breach
- SIA insured against US award to crash kin
- Security cited for closure of new Teheran airport after one landing
- Australia to deploy air marshals on some US flights
Liner Scene
- Mixed messages from the container business
IT has been quite a fortnight for mixed signals in the box trades.
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| MAY 10, 2004 |
- PIL to launch direct service between Far East and Australia
- Further China investments a possibility, says CSXWT chief
- K+N plans to extend Class A licence to all of its China branches
- Canada ports granted US$83 million to enhance security
- Globe Express Services opens new China offices
- Dragonair appoints sales agents in Eastern Europe, Portugal, Israel
- China Airlines orders two Boeing 747 Freighters
- US cargo pilots able to get certified to carry guns in cockpit
- Emirates to use Auckland as global hub, says Air NZ
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| MAY 10, 2004 |
- APL eyes involvement in India’s container rail network - CEO says lack of infrastructure choking growth in box trades
- As July 1 deadline nears, Lloyds Register says only 20 pc of 30,000 ships certified for ISPS compliance
- Vast scope for expanding trade with Finland: Envoy
- Japanese textile trading firms in India revamping operations for post-quota era
- ISA urges govt not to levy anti-dumping cess on acrylic fibre
- New handling record of 1,939 TEUs in 55 hours established at Kandla Port
- Striking a blow for port efficiency!
- All Major Ports registered growth in cargo handling in 2003-04, affirms IPA
- CONCOR’s 1st train from VCT to ICD-Nagpur delivers import boxes on time
- Panel moots truck terminal in North Mangalore
- Inflation rate falls to 4.26 pc
- Cementing economic bridges, CII style
- Seminar on ‘Trade with EU’ at WTC on May 14
- Drawback clearance month from May 15
- Golden Rock Workshop bags Concor order again
- Port community EDI update
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| MAY 7, 2004 |
- Crude flirts with $40, sights on new all-time high
Front-month WTI crude at last clawed its way to the psychological resistance level of $40 per barrel today, but appeared to have trouble breaking above that plateau.
- DNVPS: Bunker contamination could have caused disaster
DNV Petroleum Services MD described it as 'pure luck' that bunker contamination incidents like the recent cases in Fujairah and Oman have not ended in 'huge disasters'.
- SMP gives further hint at Fujairah return
Major supplier tells Bunkerworld that no full comment can be provided until 'regulatory standards are in place'.
- Rotterdam: Little movement since yesterday
- Clock ticking as shipowners rush for ISPS compliance
With just over fifty days left to meet ISPS requirements only 20% of 30,000 ships certified compliant, reports claimed today.
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| MAY 10, 2004 |
- ITJ organises packing seminar at Mavex
- Roadway improves Alaska, Puerto Rico, Hawaii & Guam tools
- Germany: BDI criticises cuts in transport budget
- Power Europe develops distribution centre for Unilever Bestfoods
- USA: Staten Island railroad service to be relaunched
- US Airways may consider second bankruptcy
- New USD 430 million shipping joint venture sets sail
- Alitalia gets new super chief
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| MAY 7, 2004 |
- Tanker rates euphoria tempered by uncertainties, says Intertanko
- P&O ports volumes soar
- Indian wheat exports set to plunge, Ukraine re-enters market
- EU-China customs deal
- K Line picks MAN B&W for box giants
- Delay to Cape Africa operation
- Hornbeck’s Q1 turnover up but operating profit down
- ICTSI Q1 net profits up 62%
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| MAY 7, 2004 |
- House still wants U.S. C.G. approval of foreign-flag owners' security plans
Gives instruction to House confererees to stick to guns
- Stelmar in sale and leaseback deal
Covers nine pe-1990-built handymax ships
- ABS offers CNG Guidance Notes
Getting "stranded" gas to market
- O'Neil to join Tsakos Energy Navigation board
Ex-IMO chief and retired Arthur Andersen exec invited to join TEN board
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| MAY 7, 2004 |
- New owners begin operations at Sound Refining in Tacoma
- MarAd boss to honor Merchant Marine during Memorial Day ceremony
- Seattle firm wins account to sell Duffy Electric Boats
- Demolition work starts up at WSF's Colman Dock
- Intermodal count sets record for weekly rail freight totals
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| MAY 10, 2004 |
- Congress faces battle over forcing coast guard to vet all US port calls
THE US House of Representatives has restated its backing for a measure requiring ships calling at US ports to be equipped with security plans approved specifically by the US Coast Guard.
- Dunwoody lashes British port policy
BRITISH ports policy, including the rejection of ABP’s Dibden Bay project, is being influence by rival container developments in mainland Europe, an influential MP has told Parliament.
- Thales stake in new Gulf tanker company
FRENCH defence contractor Thales said on Friday that it had no plans to diversify into tanker shipping following the announcement that it had taken a 5% stake in a new tanker company which has been set up by the United Arab Emirates and Oman, writes Andrew Spurrier in Paris.
- Informa completes Taylor & Francis merger
INFORMA, publisher of Lloyd’s List, has completed its £1.1bn ($2.1bn) merger with Taylor & Francis, Europe’s fourth-largest science and medical publisher, in a deal that becomes effective today, writes Christopher Mayer.
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| MAY 10, 2004 |
- Stelmar raises $107M in ship deal
EXPLOITING the ‘positive market conditions for second-hand values,’ Stelmar Shipping has completed a five-year sale and lease-back deal for all nine of its pre-1990 Handymax ships, resulting in proceeds of $107M for the company
- US wants final say on foreign SSPs
DEMOCRATS in the US House of Representatives want the Coast Guard to approve security plans of foreign shipping companies, a move that would over-ride IMO provisions
- Louisiana deepwater channel planned
WHEN completed this July, $4M in environmental impact studies should pave the way for a deep water channel from the Gulf of Mexico to the Port of Iberia in Louisiana
- Canada seeks C$1M pollution fine
LEGISLATION to raise oil pollution fines on ships to C$1M ($723,000) has been introduced in the Canadian parliament by environment minister David Anderson
- Rotterdam digs deep for QM2
ROTTERDAM is digging deep to attract the world's largest cruise ship, but there is a problem to overcome first
- POL sacks its president
POLISH Ocean Lines sacked its president this week following accusations that she had been acting against the company’s best interests
- Expedition cruises down under
- Ferries slip again in P&O figures
- Mersey Dogs & Harbour Co
- WG&A targets overseas visitors
- Bunker contamination arrested
- IMB reveals 22 crew killed in 1Q04
- PSC inspectors tackle corrosion
- Golar LNG raises Korea Line stake
- K Line fixes home work for VLCCs
- US trucker strikes move East
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| MAY 7, 2004 |
- More gains for China container imports
Manufacturing shift will help eastbound Pacific register more strong gains this year, according to Trade Horizons report.
- China spurs P&O Ports volume
The British ports operator said the first-quarter was marked by record box traffic in China, India.
- Transportation Index rebounds
- Canada will help pay for increased port security
- Strong quarter for Singapore cargo
- Deutsche Post sets logistics spending binge
- East China sea-rail gateway boosts logistics
- Evergreen plans Australia/Far East service
- Strike averted at Indian terminal
- Seller of sportswear survives on supply chain smarts
- Profits jump for Philippine port operator
- Auto demand triples Wilhelmsen profits
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| MAY 7, 2004 |
- Oakland drivers maintain strike in spite of rate rise offer
Truck drivers in Oakland continued their strike today Friday, despite offers from most trucking companies to give significant raises and pass on a fuel surcharge.
- Busan gives port fee incentives to small carriers
Busan Port Authority (BPA) gave approval today to cargo handling incentives for lines with volumes of less than 200,000TEU, or under 20% increase in transhipment cargo, from next year.
- Canadian Ports welcome Government security funding
- Truckers strike spreads east
- Court ruling gives green light to Houston's Bayport project
- Oakland protestors are a ‘supreme irritation’ say APL
- HMM further expands its fleet of post-panamax containerships
- Competition prompts German barge owners’ round-table
- US industry largely shuns anti-terror insurance
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| MAY 7, 2004 |
- Royal Olympic kicked off Nasdaq
Cruise line told to leave after market cap falls - and stays - below $5m.
- Concordia renews Sunoco charters
Vision and Victory go to US oil company.
- Gulf Energy Maritime sets sail
New $430m Dubai shipping joint venture is launched with two panamax tankers.
- Guy Carpenter adds two
Reinsurer beefs up NY marine and energy team.
- Italian LNG terminal gets nod
Golar LNG shifts closer to conversion dreams for LNG newbuilding.
- Stelmar details leaseback deal
Company will realize $42m net cash from sale and leaseback deal in KS market.
- Viking threatens Riga port
Finnish ferry line unhappy with soaring passenger charges at Latvian terminal.
- BLT aims to double profit
Indonesian tanker owner bullish on 2004 prospects as fleet grows.
- Nenaco ships freed again
Supreme Court comes to aid of Philippine owner as debt wrangle continues.
- Union urges Iraq boycott
Worry over NYK tanker’s close call prompt call for action by Japanese seafarers.
- HMM touting for more boxships
Korean owner declares intention to order newbuilding trio and confirms tanker deal.
- Fesco eyes Chinese boxships
Boss Yevgeny Ambrosov says Russian owner closing in on double order to add to Polish trio.
- P&O ports boom, ferries frail
UK group’s terminals increased volumes in first quarter, but ferry operations suffered.
- Cape Africa oil tug arrives
Fuel removal operations to start as soon as possible during daylight hours.
- Chantiers not on DCN menu
French military shipbuilder pours cold water on Alstom yard merger talk.
- Sickness strikes NCL cruise
Bug brings down 24 passengers on second cruise to be hit by infection.
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| MAY 7, 2004 |
- More double-digit rises in freight rates
- House Democrats want Coast Guard to OK inbound security plans
- U.S.-flag international carrier group expands
- Mediterranean Shipping adds port, ship to Europe/Australasia link
- Harvard-UPS symposium cites supply chain remedies
- Trucker protests spread to Norfolk port
- EC, China conclude customs cooperation agreement
- EGL's first-quarter net income up 114%
- Descartes fires its CEO, reviews accounts
- Kuehne & Nagel begins joint venture for high-tech logistics
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| MAY 7, 2004 |
- Russia raises export charge for crude oil
The Russian Government has decided to raise the export charge for crude oil to USD 41.5-41.6 per ton from ...
- Bad bunkers could have caused disaster
A VLCC suffered engine breakdown and started to drift in the South China Sea after having bunkered contaminated fuel in ...
- The orderbook continues to grow
The number of vessels ordered during the first quarter was 20 per cent higher than in the corresponding quarter last ...
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