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| FEBRUARY 11, 2004 |
Shipping News
- Port Klang, Tg Pelepas to absorb security costs
MALAYSIA's biggest ports plan to absorb added security costs to avoid levying a surcharge on shipping line customers.
- Lloyd Werft files for bankruptcy protection
GERMAN shipyard Lloyd Werft has filed for bankruptcy protection in Bremerhaven, saying Malaysian Star Cruises subsidiary Norwegian Cruise Line owes it money.
- PSA off to a strong start this year
PSA Corporation's Singapore container volumes grew 14 per cent in January, and its overseas terminals delivered 29 per cent higher throughput when compared with January 2003.
- Tianjin port to get 16b yuan upgrading
CHINA's northeastern port of Tianjin will get a 16 billion yuan upgrade in line with the provincial government's ambitions to propel the port into the top 10 league table.
Air and Land Transport
- SIA bets on new planes, better service to fly high
SINGAPORE Airlines, the world's second-biggest carrier by market value, is betting on new planes, more traffic rights and better service to counter competition from no-frills start-ups and rivals like Emirates, which is spending as much as US$26 billion on expansion.
- Air China hits out at US visa, export curbs
- China Southern flies more passengers
- Colombo may sell SriLankan Airlines' shares as profits rise
- Thai airport agency to sell 30% stake in IPO
- KLM slashes fares
Strait Talk
- Fighting port state control corruption
IN theory, the principal enforcer of international shipping regulations ought to be the flag state.
Bulletin Board
- Bulletin Board
LOGISTICS major TNT has appointed 25-year industry veteran Edward Lau as Singapore managing director.
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| FEBRUARY 11, 2004 |
- Shenzhen on track to achieve record container throughput in 2004
- HK US chamber to assess changes in post-WTO China
- Railway to strengthen China, Russia, N Korea border trade
- Norasia, CSCL launch joint Asia-US service
- China posts double-digit growth in foreign trade
- Ecu-Trans relaunches service to Scotland
- Sri Lankan airport back to normal following crash
- JAL Group posts US$35m net profit in Q3
- DHL opens new Asia Pacific regional office in Singapore
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| FEBRUARY 11, 2004 |
- Guidelines for in-chartering of foreign flag ships relaxed
- Pigs, poultry & turkey imports banned
- India, Tunisia sign MoU for JVs in telecom, IT sectors
- Barter deal with China mooted to lessen high coke price impact
- Flower exporters scent a blooming market in S-E Asia
- MSP not mandatory for foodgrain exporters, clarifies official
- Paradip Port betters own monthly handling record
- New Mangalore Port exceeds 2002-03 traffic within 10 months of 2003-04
- Govt may let 3 southern ports lower vessel-related charges by 70-75 pc
- Steel industry gearing up to meet rising global demand
- Service tax collections may rise by 100 pc
- More FDI from US likely
- DEPB rates lowered
- Ram Naik dedicates first LNG terminal at Dahej to the nation
- GDP growth will touch 8.1 pc in 2003-04: CSO
- CII projects it at 7.8 pc
- AIAI, YES to meet US team today
- Hearing on SCI sell-off adjourned
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| FEBRUARY 10, 2004 |
- Panama prices firm to widen Gulf Coast differential
- New OPEC surprise sends oil prices higher
OPEC took the market by surprise again today by going one step further than recommendations from OPEC's Ministerial Monitoring Committee. The cartel preemptively decided not only to impose an immediate end to quota-busting, but also to cut the current output ceiling by 1 million bpd from April 1.
- Shell Trading to 'vigourously defend' against Chemoil claim
Shell Trading (US) Company (STUSCO) today labelled the issue of a United States Federal law suit from bunker supplier Chemoil Corporation yesterday as 'unfounded', adding that it would 'vigourously defend against the claim'.
- BIMCO standard contract a turn-off for suppliers
The International Bunker Industry Association (IBIA) today admitted that response to the second BIMCO Standard Fuel Contract among bunker suppliers has been sluggish.
- Fujairah's avails unlikely to recover with mid February resupply
Falling fuel oil numbers run contrary to the avails situation in the port, which remained very tight for the majority of players this afternoon.
- Supply improves with weather in soft Suez
Supply capabilities in the Suez Canal seem to have improved this week after adverse weather conditions last week led to problems with deliveries.
- Hong Kong and Taiwan do well with competitive levels
Tight avails and bunker restrictions for deliveries in many Chinese mainland ports are driving buyers to find other ports to bunker in, and Hong Kong is readily available to take advantage of tight supplies elsewhere.
- Houston market remains disrupted by cargo hold-up
Bunker suppliers in Houston continued to suffer from lack of product today after some cargo supply barges were reported to be stranded in severe weather yesterday.
- OPEC recommended to cut cheating, not quotas
Ministers for the 10 OPEC countries bound by oil production quotas went into their formal meeting in Algiers at 11:00 GMT today with recommendations from OPEC's Ministerial Monitoring Committee to keep current output quotas unchanged, but to rein in quota cheating.
- Rotterdam firm, prompt barges tight
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| FEBRUARY 10, 2004 |
- The International Transport Journal at the SITL in Paris
- Stratos for smaller maritime vessels
- Record investment in Spain’s transport infrastructure
- Frans Maas opens new location in Belgrade (Serbia)
- Novocargo’s new Spain/Ukraine service
- Baghdad International Airport coming soon
- Construction work starts on Berth 1 at Eurogate in Hamburg
- Management change at Hamburg Süd Australia
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| FEBRUARY 10, 2004 |
- Intertanko and Paris MoU call for global PSC appeals
- Mitropoulos calls for balanced approach
- Anti-trust case hits Odfjell’s result
- Wilhelmsen’s "good results"
- Chemical shipping "resurgent" but Marpol revision poses questions
- New study of London’s shipping sector
- Maritrans nearly doubles profit
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| FEBRUARY 10, 2004 |
- Maritrans has "design issues" with barge rebuilds
Structural enhancements needed
- Record year for MAN B&W Augsburg
680,000 kW of medium speed, large bore marine diesels ordered for Augsburg production
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| FEBRUARY 11, 2004 |
- Sterling fires off ferry protest to de Palacio over ‘unfair’ subsidies
P&O chairman Lord Sterling has protested to the European Commission about its failure to respond to its complaints about subsidies paid to competitors in the English Channel.
- Brussels puts finishing touches to probe into port aid
BRUSSELS is fine-tuning a probe into the funding of 25 major ports in the European Union, with a percentage placed on an "active dossier" for further investigation into possible breaches of rules on state aid.
- Restis ready for handymax spree at Chinese yards
GREECE’S Restis group has signaled its intention to build as many as 24 handymax bulk carriers in Chinese provincial shipyards in the next few years.
- Oil prices to soar as Opec agrees output cut
OIL prices are set to soar as production levels decrease in the second quarter of this year after the Organisation of Petroleum Exporting Countries agreed to another output cut in less than six months.
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| FEBRUARY 10, 2004 |
- Pride salvage goes ahead: Smit
SMIT Salvage has confirmed that work to refloat the Pride of America and pump water from its lower decks will not be affected by Lloyd Werft’s decision to file for insolvency, as costs are being covered by insurers
- Tropical maintains solid growth
CARIBBEAN container specialist Tropical Shipping has posted a modest improvement in operating income for the fourth quarter of 2003 and for the year as a whole
- Chennai brought to standstill
CONTAINER handling at Chennai container terminal was brought to a standstill today after truck operators went ahead with a threatened indefinite strike
- Have your say!
What should the hard-pressed English Channel ferry operators do now? Will they ever be allowed to compete fairly? Have your say!
- La Coruña starts dumping claim
LA Coruña port authority has launched a €29.4M ($37.7M) claim against a ship arrested for emptying its tanks; the captain says he was dumping cattle dung
- India opens first LNG terminal
INDIA’S first liquefied natural gas terminal was opened yesterday at Dahej in Gujarat: it will import one- third of the country's LNG needs
- Eilat privatisation in discussion
- Philippines acts on old ships
- Inui Steam rides Handy rate hike
- Itaqui wins strategic backing
- Car carriers drive Wilhelmsen ahead
- London insurers see claims falling
- Naha eyes Dubai partnership
- Korea, Israel to sign maritime pact
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| FEBRUARY 10, 2004 |
- New highs for box charter rates
Rates continue to climb as carriers compete for a dwindling supply of tonnage to handle increasingly greater volume on most liner trunk routes.
- HK, China pressed on logistics plans
Shippers press authorities to coordinate logistics in the Pearl River Delta manufacturing center.
- International sales lift EGL earnings
- Astar asks DOT to toss latest challenge
- Ross named manager of new media for Commonwealth Business Media
- Management Dynamics offers tariff publisher for NVOs
- Hamburg Süd, Jacksonville sign new agreement
- DHL hits Changi handling costs: Report
- P&O Ports appoints Bond container marketing manager
- CMA CGM launches Russia-Korea feeder
- Seabulk to purchase product tankers
- Israel offers workers ownership in port
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| FEBRUARY 10, 2004 |
- UK Strategic Rail Authority: grants will not make rail ‘artificially more competitive’
The UK’s Strategic Rail Authority (SRA) has announced £22million (US$40.87million) in rail-freight grants, promising that the scheme will make rail more competitive, but will not be a subsidy.
- IADA restoration a last chance for intra-Asian carriers?
The Intra-Asia Discussion Agreement (IADA) member-lines have announced details of 2004’s rate-restorations, hoping this time to improve ‘unviable’ returns, but long-haul carriers may prove a stumbling-block.
- Estonia’s TECO ups frequency on Rotterdam-Helsinki route
- Unions defer Cochin strike
- Norasia and CSCL launch Pacific service
- Japan-China container traffic hits record high
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| FEBRUARY 10, 2004 |
- STX eyes relocation in China
Korean yard wants to expand - and on more user-friendly turf.
- Immigrants "rescued" by tanker off Canary Islands
But did 200 Africans actually pay for their passage on ship, despite captain’s claim of heroism?
- Divers bring in three more Rocknes victims
Hull search continues for bodies of last two missing crew from capsized Jebsen bulker.
- Volgaflot takes bond route again
Russian owner plans second issue in two years to modernise fleet.
- Golar LNG ship held by port state control
Paris MOU inspectors slap detentions on 118 ships in December.
- Odfjell profit axed by US settlement costs
Norwegian owner warns that legal fees on other US actions may hit finances.
- WG&A wins approval for name change
Securities regulator clears rebranding of Philippine ferry owner.
- SCI privatisation hearing adjourned
Legal case challenging Indian owner’s sell-off will not be aired for another four weeks.
- Car carriers drive earnings at Wilhelmsen
Norwegian owner boosted in 2003 by Wallenius Wilhelmsen Lines, but Eukor disappoints.
- More red ink for Fred Olsen Energy
Debt refinancing planned in wake of storage tanker and yard property sale.
- Maritrans pushes up profits
US tanker and barge owner survives costly fourth quarter to come up smiling in 2003.
- Hub Line and Unithai settle dispute
Container line and Thai shipyard come to 'amicable' solution over boxship repair lawsuit.
- Hong Kong holds Ofer and Bertram vessels
Two boxships among thirteen ships held in first month of 2004 over port state control deficiencies.
- LA names top security officials
US port appoints head of operations and emergency management and homeland security.
- A&P Tyne inks MOD deal
UK repair group's northeast yard to undertake major overhaul of veteran replenishment ship.
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| FEBRUARY 10, 2004 |
- Wilhelmsen posts stable 4th quarter, improved yearly profits
- Higher 4th-quarter profit at Tropical Shipping
- IMO issues list of trusted container inspectors
- World Airways adjusts fleet mix
- Profit recovery at EGL
- FTAA talks tabled until March
- U.S. sugar producers cane Bush administration's free-trade agreements
- U.S. trade and investment framework agreements signed with Yemen, Kuwait
- Baku Declaration to combat drug trafficking on Asia's Silk Route
- Brunswick agribulk terminal recovers from fire
- Two security officials appointed at Los Angeles port
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| FEBRUARY 10, 2004 |
- Lloyd Werft insolvent after cruise vessel accident
Lloyd Werft in Bremerhaven has filed for insolvency as a consequence of the storm accident in January when the newbuilding ...
- Norwegian sideloaders sold
The sideloader "S C Baltic" has been sold by Sea-Cargo to Bergen Shipping, both of Bergen, with a 3 ...
- Cargo reclassification may affect on trades
Introduction of the MARPOL Annex II cargo classification in 2007 could have a significant impact on the product and chemical ...
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