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| JUNE 10, 2004 |
Shipping News
- Pan United eyes more China port mgt deals
SHIPBUILDER Pan United Corporation's foray into port management - near Suzhou - has been a success and it is exploring more of such investments in China.
- Automatic check for first US port call from July 1
ALMOST 45 per cent of tankers and other cargo ships that call on US ports meet new United Nations anti-terrorism security rules, Jolie Shifflet, a Washington-based spokeswoman for the US coast guard, said.
- China Shipping to boost retail portion of IPO
CHINA Shipping Container Lines, which is raising up to US$1.3 billion in an IPO, will boost the size of the retail tranche of the deal as it is over 20 times covered, a source familiar with the situation said yesterday.
- MOL launches new liner service
JAPANESE shipping company Mitsui OSK Lines has launched a new Thai-Indonesia Liner Service .
- Hazardous occupation
TWO Bangladeshi men working at a shipbreaking yard in the port city of Chittagong.
- FREIGHT RATES
OIL tanker rates for shipping crude from the Middle East were little changed for a fifth day at near four-month highs as charterers waited for suppliers to release details of July export plans and a shipping event in Greece limited demand for vessels.
Air and Land Transport
- Airbus gets US$1.8b jetBlue order for 30 planes
AIRBUS SAS, the world's biggest commercial-aircraft maker, will provide jetBlue Airways Corp with 30 more planes valued at US$1.8 billion as the growing low-cost carrier exercised options to expand its fleet.
- EU warned not to wait for US poll to sign pact
- US airports still vulnerable to terrorists
- G-8 to boost airline security: US officials
- Tragedy in West Africa
- LOG Book
Features
- Lost luggage still a problem for business travellers
EVEN for business-travel lore, which is rich in horror stories about lost luggage, Valerie Bent's ordeal stands out.
Port Shots
- port shots
HONG Kong-based conglomerate Hutchison Whampoa Ltd said yesterday it has decided to buy a 12 per cent stake in Korean shipping firm Hyundai Merchant Marine Co Ltd.
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| JUNE 10, 2004 |
- APL secures terminal rights at Chiwan Container Terminal
- New managing director takes over at NYK Line Hong Kong
- Exel's vehicle tracking system extended to China
- Greek PM opens Posidonia 2004
- Dragonair appoints new GSA in Switzerland
- Menzies invests US$3 million in MW1 terminal upgrade
- Air France boss to chair IATA
- Kuehne + Nagel buys out Dutch Nether Cargo Services
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| JUNE 10, 2004 |
- Baalu apprises Chidambaram of need for tonnage tax
- ...but 5 pc import duty move worries shipowners
- Stable grains export policy sought
- Exim Bank to raise funds through ECB route too
- Tuticorin Port imposes extra levy on ships calling at Berth 8
- Ennore Port’s move to build container terminal
- Global air fares set to rise
- Kamal Nath taking fresh look at FTAs, Rules of Origin
- Easier procedure for exporters to renew status holder certificates
- BCHAA holds 3-day training programme on CHALR 2004
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| JUNE 9, 2004 |
- US oil inventories: DOE & API figures at a glance
- New barge operator to launch world's biggest bunker tanker
A new independent barge operator is active in the ARA-range, and will introduce what is probably the world's biggest newbuild double-hulled bunker tanker shortly.
- Fujairah avails tighten as prices soften
- Gas oil replenishment expected soon in Suez
- Japan owners and government at odds over single-hull exit
Japanese authorities want early phase-out of single-hull tankers while owners push for later Marpol date.
- Rotterdam market sees fuel prices slide with crude
- New Saudi posted prices sharply down
- Black Sea supplier expands barge fleet
A Black Sea supplier announces the introduction of a new barge to their fleet, bringing the number of vessels in service to three.
- Bunker spill causes havoc on Sydney highway
- Crude futures plummet as traders eye stocks
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| JUNE 9, 2004 |
- APL wins Chiwan terminal rights
- K Line orders third 300,000 dwt ore carrier
- IAS completes 1000th depot connection
- Oakland renames terminal
- Panama Canal transits up 15%
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| JUNE 9, 2004 |
- Tsakos Energy orders LNG carrier
says it's still in negotiations for two more
- OMI withdraws Stelmar offer
Wants to avoid "long and costly process"
- Coordinated security crackdown planned
The Coast Guard and three regional MOU's plan a CIC (Coordinated Inspection Campaign) on security
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| JUNE 9, 2004 |
- Stalled talks kill food service onboard Washington State Ferries
- Panama Canal maintenance work closes one lane for vessel traffic
- Corps holding meeting today to discuss Columbia mouth dredging
- NCL America re-flags cruise ship to U.S. colors
- FedEx Freight announces general rate increase
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| JUNE 10, 2004 |
- Furious Stelios lashes out at Stelmar board
A FURIOUS Stelios Haji-Ioannou has pledged to "take whatever action necessary to protect his investment in Stelmar" after OMI withdrew its merger offer for the tanker company that Mr Haji-Ioannou founded but does not manage or control.
- Hutchison Whampoa stays on box line trail with 12% purchase of HMM
The Korean government has initiated grand plans to become a logistics hub for northeast Asia, which involve the construction of 22 extra container berths by 2010 – something Mr Li will no doubt be keen to get involved in. Mr Lau, referring to the Korean government’s port intentions, said: “We have noticed the situation in Korea.” Commenting on the purchase, Hutchison Whampoa group managing director Canning Fok said: "We believe this strategic investment will further build on the synergies and links between two companies that have worked closely together for more than a decade."
- Iran’s state tanker firm to raise $3bn to expand fleet
IRAN’S state-owned tanker company has said that it plans to raise $3bn to order as many as 40 ships over the next five years to cover projected growth in the export of oil, petrochemicals and liquefied natural gas.
- Greece taking ‘all steps’ on ship security
GREECE’S Minister for Mercantile Marine, Manolis Kefaloyiannis, yesterday insisted that the Karamanlis government had taken every possible step to safeguard the security of cruiseships and passengers in Piraeus this summer for the Olympic Games.
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| JUNE 9, 2004 |
- Stelios outraged as OMI walks away
OMI officially backed out of its merger with Stelmar Shipping today, leaving Stelmar founder Stelios Haji-Ioannou "outraged" at his board's behaviour
- Offshore LNG facility planned
NEW Orleans-based Freeport-McMoRan Energy has asked permission to build an offshore LNG facility 16n-miles off the Louisiana coast
- Paraná port to be relocated
THE government of the Argentine province of Santa Fé is inviting offers for the eventual relocation of Santa Fé city’s port on the Paraná river
- ISPS cruise impact 'minimal'
DESPITE a recent report pointing to potential ISPS shortfalls in the Caribbean, the cruise industry expects only limited disruptions post-1 July, says an industry association chief
- US longshoreman agree contract
LONGSHOREMEN from ports along the US east and gulf coasts ratified a six-year master contract in a "close" vote, but some local agreements were voted down
- Koreas conclude ship agreement
REPUBLIC of Korea (South Korea) and the Democratic People’s Republic of Korea (North Korea) have concluded the South-North Korean Shipping Agreement and Annexes
- Another cruise jobs scam
- Hundreds suffer from release of gas
- Hutchison Whampoa takes HMM stake
- Medmar closes Balearic link
- Strintzis quits to lead ferry fight
- Dakar embarks on expansion plan
- Tension mounts at BC Ferries
- Ports urged to cut free time
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| JUNE 9, 2004 |
- Let CG enforce box seal checks: Dems
Members of House subcommittee tell hearing Coast Guard should enforce federal regulations that require U.S. port operators to inspect security seals on imported containers.
- ILA contract narrowly approved
Union dockworkers ratify six-year master contract, despite rejection of the agreement by rank-and-file members of local unions in several ports.
- Seaspan buying stake in China Shipping Container Lines
- G8 leaders vow trade talk recovery
- Trade tax markup rescheduled
- Vancouver to expand capacity by 30%
- Beatson to keynote 15th Annual JoC BreakBulk conference
- Schneider using wireless to track trailers
- Union Pacific earnings to fall
- Hutchison to buy 12% of Hyundai Merchant Marine
- NWA Cargo opens Portland-Tokyo flight
- China woos foreign air cargo
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| JUNE 9, 2004 |
- Unions put Suape dispute on international stage
The International Transport Workers’ Federation’s (ITF) Asian affiliated unions adopted a motion today backing dockers in Suape in their battle with the terminal operator.
- HWL to purchase 12% HMM shares
Hutchison Whampoa Limited (HWL) announced today that it has signed an agreement with Hyundai Merchant Marine (HMM) to purchase 12% of the shares of HMM at a consideration of approximately HK$606 (US$77) million.
- Old ships keep charter index ticking over
- Seaspan invests in CSCL as second biggest shareholder
- TS Line launches Japan-China-Korea string
- PYNPC to build four container berths in Pohang
- APL Logistics opened flow centre in Shenzhen
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| JUNE 9, 2004 |
- Stelios rips Stelmar board
"I am outraged," Stelmar's founder fumes, suggesting "breach of the board's fiduciary duties."
- Philippines mulls CNG
Compressed Natural Gas consortium makes headway towards first commercial application.
- MarAd sides with Maersk
US agency allows Danish owner to transfer operating agreements for 15 ships from third-party manager to its own US subsidiary.
- TEN talks up LNG orders
Tsakos signs with Hyundai and says still discussing orders for two more with another shipyard.
- OMI withdraws Stelmar bid
Connecticut owner will 'evaluate other options'
- Anne speaks on standards
BV’s Bernard Anne is ready to meet owners and yards this month to talk through new rules on tanker and bulker safety.
- Polish Register shoots for safety
Non-IACS class society calls for revolution in ship construction at Posidonia, as it puts forward proactive approach to defining safety standards.
- Stanley Ho eyes VLCC
Dalian could net another large tanker order for the account of Portuguese company Portline.
- BV books big profit
French class society Bureau Veritas chalked up eighth year of growth in 2003.
- Li Ka-shing seals HMM stake
Asia’s richest man, already linked to China Shipping IPO, is buying 12% of South Korean shipowner.
- Nigerians strike, oil flows
Some ports closed by industrial action but vital oil exports appear unaffected.
- Gas leaks from scrap ship
Locals forced out of homes as demolition work starts on ex Naftomar vessel in Chittagong.
- Pod people get it together
ABB, Rolls Royce and Siemens sign quality agreement for propulsion systems at Posidonia.
- China hits new FPSO record
Shanghai shipyard delivers biggest FPSO to CNOOC and plans even bigger.
- Bulkers in Mediterranean prang
Greek-owned handymax sustains damage after colliding with Turkish-flagged Hakki Deval.
- Blue Star boss steps down
Michalis Sakellis steps up to the board as Gerasimos Strintzis calls it a day.
- Teigens slim Thoresen stake
Norwegian family founders sell down holding as share price sinks.
- Singapore sees strong growth
Strong oil price and China’s cooling economy fail to dampen Lion Republic’s maritime scene.
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| JUNE 9, 2004 |
- Maersk Sealand adds Asia/Europe loop
- China Shipping spells out terms of public offering
- MOL (Americas) appoints Kelly VP of operations
- Supreme Court decision opens the door to Mexican trucks, again
- Mulvey becomes STB commissioner
- Kuehne + Nagel acquires Dutch forwarder
- U.S. logistics costs held in check during 2003, study says
- ITC investigates overseas competition to U.S. foundry products
- U.S./Morocco free trade agreement signing delayed
- Hutchison buys stake in Hyundai Merchant Marine
- SSA terminal renamed Oakland International Container Terminal
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| JUNE 9, 2004 |
- Flag promotion by UK in Piraeus
Among all open registers promoting their services at Posidonia, stands a classic shipping flag, UK’s Red Ensign. The British Maritime ...
- WWL and BMW in 5-year pilot logitics project
Wallenius Wilhelmsen Lines (WWL) and the car producer BMW has made the first car shipments under a 5-year "door ...
- WWL to set up new ro-ro service
Wallenius Wilhelmsen Lines (WWL) is ready to start a new fortnightly ro- ro service between two base ports in Japan ...
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
