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| JUNE 11, 2004 |
Shipping News
- Tanker operators may see 'best year ever'
RISING oil production looks set to keep tanker operators smiling in what may be the 'best year ever for the industry', according to Overseas Shipholding Group chief executive Morten Arntzen.
- NY port set to begin major channel deepening project
A US$1.6 billion project to deepen channels in the Port of New York and New Jersey to 50 feet was launched recently by the port authority and the US Army Corps of Engineers.
- Djibouti to meet ISPS deadline
DJIBOUTI's port will largely comply with a tough new international anti-terror law by a July 1 deadline, putting into place finishing touches by year-end, the manager of the strategic Red Sea facility said on Wednesday.
- China Container IPO priced at bottom of range
CHINA Shipping Container Lines Co raised HK$7.68 billion in its Hong Kong initial public offer, a quarter less than targeted, people involved said.
Air and Land Transport
- Ireland favours phased US-EU open skies deal
IRELAND, current holder of the European Union's six-month rotating presidency, supports an incremental approach to an 'open skies' deal between the EU and the United States, an Irish official said on Wednesday.
- SkyTeam alliance to jointly buy fuel
- Alitalia accused of 'predatory pricing'
- Lufthansa passenger traffic continues uptrend in May
- Delta to test new system for detecting turbulence
- Terminal crash to cost hundreds of millions: reinsurers
Admiralty Casebook
- Indian court rejects plea against seafarer competency tests
AGROUP of former Indian naval officers has failed in a bid to challenge rules that required them to be further trained and tested to meet the standards of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers.
Port Shots
- 19 injured as ship hits bridge
NINETEEN people were injured when a tourist ship with 135 passengers, mainly US travellers, hit a bridge on the Danube river yesterday in Vienna, police said.
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| JUNE 11, 2004 |
- Tianjin handles 40 per cent more containers in May
- Exel extends relationship with Andrew Corporation to HK
- HWL invests in Hyundai Merchant Marine
- Sabine Henkel to oversee Senator Lines corporate communications
- NYK buys Mitsubishi Motors shares
- Singaporean organisations offer ship management and law course
- APL secures terminal rights at Chiwan Container Terminal
- MOL (America) Inc. makes executive appointments
- Problem in China for DHL
- New Guangzhou-Beijing-Dubai air service
- Cincinnati/N Kentucky airport to become cargo hub
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| JUNE 11, 2004 |
- SCI’s new tanker arrives at Vizag Port - Indian tonnage crosses 7 million DWT
- UK P&I Club inspectors report 98 pc of ships up to standard - Team visits 20 countries, including India
- FTA with Lanka: Commerce Ministry to answer queries
- Campco makes a mark abroad
- Global buyers tell Indian garment cos to adopt EAN bar coding
- Major Ports tariff rates discourage coastal shipping
- Tax problems sapping exporters’ drive-Fieo chief
- Dr Manmohan is Chairman of CCEA
- Utilise EDI facility, JDGFT exhorts exporters
- SEAI seeks separate Marine Ministry
- Handicraft fair at WTC from today
- Shobha Majumdar appointed CBDT Chairperson
- Assocham lists areas requiring urgent attention while framing Exim Policy
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| JUNE 10, 2004 |
- Viswalab advocates enhanced testing to prevent bad bunkers
In a frank Q&A session, Dr. Vis argues the case for additional testing to identify harmful contaminants, and does not shy away from the controversy surrounding deliberate contamination of bunker fuels.
- India: Coastal operators lament rising costs
Dramatic port due increases and rising bunkering costs has hit coastal operators.
- Buyers hold back from falling South Korean bunker market
Slow demand fails to dent ample marine fuel stocks.
- Tokyo Bay sees large range amid competitive pricing
- Singapore residual stocks swell to five-year record
Poor Chinese fuel oil demand blamed as Singapore's residual stocks hit highest level in more than five years.
- Singapore: Demand waning as 'fear factor' subsides
Official figures revealed record sales in April in the world's largest bunkering port, but early indications from the market show that demand is slowing down.
- Rotterdam on the up again
- Russian supplier begins new operation
Russian supplier expands product line to include heavy fuel oil grades and supply tankers concurrent with cargo operations.
- Europe: Company move
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| JUNE 10, 2004 |
- Natural inaugurates new sales office in Italy
- Geodis Zust Ambrosetti acquires Trate Sud
- Coyne Airways increases Baghdad flights
- United Airlines serves Zurich-Washington route
- APL secures terminal rights at Chiwan Container Terminal
- CP Ships strengthens Executive Management
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| JUNE 10, 2004 |
- Stelios vents anger at Stelmar board
- TEN orders LNG ship
- Only 2% fail UK Club checks
- Strong growth from BV
- Panama to decide on US$5.5bn expansion plan
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| JUNE 10, 2004 |
- S&P takes two tanker operators off CreditWatch
Separate announcements deem outlook for both OMI and General Maritime as "stable"
- Alstom wins Costa order
Will provide electric power and propulsion outfit for new cruise ship
- Fears of ISPS tanker shutdown fade
Hereth says owners "exponentially" coming into compliance
- Stelios "outraged" by Stelmar board
says he reserves right to protect his investment
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| JUNE 10, 2004 |
- Port of Tacoma onboard NOAA's PORTS system
- New cost analysis finds WSF facility should stay put
- Coast Guard cutter hosts visitors from Children's Cancer Association
- Transportation Services Index jumps to highest level ever
- Big Sky Airlines celebrates 25th Anniversary in Olympia
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| JUNE 11, 2004 |
- Golden Energy mulls New York tanker listing
GOLDEN Energy Management, the tanker arm of Greece’s Restis Group, is considering a New York listing for the $600m tanker fleet under its control.
- Range of new stocks on way as confidence returns to market
THE Hong Kong Stock Exchange is gearing up to welcome a slew of new shipping-related stocks.
- Ireland to push compromise pollution sanction proposal
IRELAND will push today for the introduction of sanctions against polluters of the sea which go beyond international conventions in their severity.
- Stelmar’s Pearlmar found with cocaine onboard
An oil tanker operated by Stelmar Shipping, founded by easyJet’s Stelios Haji-Ioannou, was found carrying cocaine near the port of San Francisco after sailing from Ecuador, Bloomberg reports.
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| JUNE 10, 2004 |
- Spain suspends cruise ship ban
SPAIN'S merchant marine authority has suspended its ban on cruise ships entering Spanish ports after calling at Gibraltar
- Bremerhaven box expansion
WASSER und Schifffahrtsdirektion at Aurich, Germany has granted its approval for the building of the fourth section of the Bremerhaven container terminal
- US ballast water proposal
BALLAST water is again at the heart of a bill introduced in the US Senate by Hawaii Democrat Daniel K Inouye.
- CSCL raises less than hoped for
CHINA Shipping Container Line's IPO was priced at the bottom end of its range today, with the $985M raised falling short of the $1.2Bn CSCL was expecting.
- Three missing after tanker fire
THE search is continuing for three missing crew members from the Liberian registered tanker Fair Mare after the ship suffered an engine room fire.
- Tsakos Energy in evolutionary mode
THE signing of an LNG carrier newbuilding contract by Tsakos Energy Navigation marks the next phase in the company's evolution, president Nikolas Tsakos said.
- VTMS for Manila awarded
- Midnight signing ends strike threat
- WWL agrees BMW logistics contract
- Cruise terminal stakes purchased
- VTMIS for Corpus Christi
- Australia focuses on AIS
- New hope for Mangouras
- New Adsteam team after Frederick
- ISPS snagged by bureaucracy
- Sacramento dredging project revival
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| JUNE 10, 2004 |
- FedEx says earnings to top estimates
Fourth-quarter earnings to top forecasts on strong demand in both international and domestic businesses.
- Maersk Sealand makes adjustments to C. America, Caribbean services
Plans include new strings to replace Progreso, NCSA2 and DRX services.
- China Shipping offering falls short of target: Report
- EU presidency favors phased open-skies deal
- Pacer cuts earnings estimate
- China province eyes closer Taiwan ties
- Wallenius Wilhelmsen claims landmark auto deal
- Durda, former NY Port Authority executive, dies
- Garber to lead Fedex Express LatAm-Caribe sales
- Judge OKs Arrow Air reorganization
- Swift cooperating with SEC review
- Bangladesh port to get four cranes
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| JUNE 10, 2004 |
- Meat war armistice allows EU and Russia to enter talks
Russia’s Veterinary Service has called a truce until the autumn in its conflict over EU meat products to allow for negotiations, but EU and Russian priorities remain opposed.
- London links entice Eurosal partners to Tilbury
- Railion snaps up private Italian railway
- Track maintenance to restrict Panama Canal vessel transits
- Container volume between China and Japan surges
- Containerships seals deal with Teesport
- Improved financial structure sees Moody's up HMM ratings
- Laem Chabang shows improved results
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| JUNE 10, 2004 |
- Stelmar tanker in cocaine sting
Customs agents grab 50 kilos from rudder area in San Francisco.
- Pacific Basin listing to go ahead
Mark two version of dry bulk operator to hit the Hong Kong stock market this month.
- Q-Gas signs in
New company set to become world’s largest LNG shipowning venture.
- New Carissa settlement
Owners of infamous ship agree to pay $6.5m in latest round of claim and counter-claim.
- First Olsen loses deal
Sale of two aframax tankers cancelled after buyers fail to pay 10% deposit.
- China Merchants in tanker talks
Parent mulling buying over seven-vessel fleet from subsidiary Ming Wah Universal.
- Bender eyes 3 Maj tankers
US yard and Croatian counterpart hoping to cook up deal to build five products carriers.
- Chan calls for better patrols
Petroships boss calls for coordinated naval patrols in South East Asian waters to help fight piracy.
- USCG upbeat on ISPS
Security chief says confident most ships will be compliant by 1 July.
- Philippines mulls CNG
Compressed Natural Gas consortium makes headway towards first commercial application.
- CSCL IPO nets big response
China Shipping Container Lines shares begin trading in just under a week.
- US dockers back deal
Six-year labour contract for east coast wins narrow rank-and-file backing.
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| JUNE 10, 2004 |
- Tonnage tax provision proposed for American Jobs Creation Act
- House lawmakers disturbed by unchecked container seals, empties
- Coast Guard assures lawmakers MTSA obligations will be met
- Rebuffed OMI withdraws takeover bid for Stelmar
- U.S./Caribbean carriers raise southbound rates
- U.S./Dominican/Haiti carriers plan joint service contracts
- USSEC reconfirms July 1 rise in tariff rates
- Standard & Poor’s takes General Maritime off CreditWatch
- Maersk Sealand changes three Caribbean/Central America loops
- Holland Maas adds Las Palmas call to Europe/Caribbean loop
- Hub Group files registration statement with SEC for public offering
- FMC reviews 10 OTI applications, revokes four licenses
- G8 leaders want global trade framework in place by July
- Expanding Wincanton sees profit fall
- APL opens logistics center in Shenzhen
- Gordon Food Service signs with FKI Logistex for sorting system
- Omron Healthcare picks Kuehne + Nagel for North American distribution
- Two House bills boost port security grant funding
- ILA members approve master contract; but major ports reject local pacts
- FMC denies Peavey’s petition to reconsider common-carrier ruling
- Coast Guard, MarAd get LNG port license request from Freeport-McMoRan
- Corps conducts environmental study of Sacramento River deepening
- NOAA announces new oceanographic real-time system for New Haven
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| JUNE 10, 2004 |
- Cooperation WWL/UECC is possible
A closer cooperation between the global car carrier owner/operator Wallenius Wilhelmsen Lines (WWL) in Oslo and the shortsea operator ...
- Tsakos into LNG
Tsakos Energy Navigation (TEN) has finally ordered its first 150,000 cubic metre LNG carrier at Hyundai for delivery in March ...
- Lack of political support for Norwegian ship owners
Norwegian ship owners now fear that a sensible political compromise to secure shipping the tax regime as that paracticed in ...
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