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| JULY 12, 2004 |
Shipping News
- Non-compliant ships let off with warning
IT continues to be smooth sailing at the Singapore port with data from the Maritime and Port Authority showing just 16 out of 1,300 vessels that called over the first eight days since the implementation of the new maritime security code failed to meet its requirements.
- Red tape delays security clearance at Brazil ports
BRAZIL's main ports are still not in compliance with new world maritime anti-terror laws due to bureaucratic red-tape, a government official said.
- Wreck of sunken trawler lifted from Channel
THE wreck of a French trawler which sank off southern England, has raised to the surface, raising hopes that the bodies of three crew members, missing since it was involved in a hit-and-run accident in January, would be recovered.
- World's largest ship lock begins operation
THE giant ship lock of the Three Gorges Water Control Project on the Yangtze River opened officially for navigation on Thursday following a one-year trial operation.
Air and Land Transport
- Airlines oppose Geneva's no-frills terminal plan
AFTER offering prestige terminals, business lounges, and air-conditioned gangways, airports are now risking a bruising battle with big airlines to offer cheaper terminals with a flavour of the spartan heyday of aviation.
- Nok Air to start operations on July 20
- Kuwait dismisses report of lax airport security
- Al Qaeda suspects held at Brussels airport
- Australia favours Virgin Blue on US routes: analysts
- Jury verdict on SilkAir crash 'confusing'
Dockyard
- Gibraltar yard wins restoration work on grand old lady
JUST a few years ago, when the cruise ship boom was in full swing, extensive conversions of elderly passenger ships were commonplace.
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| JULY 12, 2004 |
- Hong Kong re-exports, imports up in May
- Jiujiang port starts its first container service
- Ningbo Port Group surpasses half year target
- Modern Terminals tops-out new CT9 main office building
- PSA, SSA work to ease congestion at Singapore terminals
- Charleston sets volume record in May
- TNT launches new business solutions
- New Baiyun Airport forecast to handle 1.25m tons annually in six years
- Emirates extends service to Christchurch
- China Southern launches new regional commuter network
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| JULY 12, 2004 |
- Tonnage tax option comes with set of strict rules
- US soyabean farmers oppose anti-dumping duty on Indian shrimps
- Desiccated coconut powder makers protest against imports from Lanka
- Onion exporters foresee revival of export boom
- India, Norway in JV project
- Pakistan lowers import duty on 1,194 items
- Car exports off to roaring start in 2004-05
- Exim Bank’s line of credit to Angola
- Port community EDI update
- SCR sets its priorities
- Trailer operators stop taking boxes to JNPCT
- Govt committed to Sethu project
- Foreign trade policy only in Aug.
- ‘Biosphere will be protected’
- Budget gives textile EOUs raw deal vis-á-vis DTA units
- Move to restore DEPB benefit to steel majors
- Exporters see hope in mfg. sector thrust, I-T waiver to agri-processors
- Scrap stamp duty on export bills: Fieo
- Singapore keen on Indian investment
- India on threshold of becoming pharma R&D hub
- Inflation fire stoked by fuel prices
- Leather sector feels let-down
- WTO defers farm meet
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| JULY 9, 2004 |
- Castrol launches 'next-generation' marine lubricant
Specially formulated for modern medium-speed four-stroke engines, the new Castrol TLX Plus promises top performance and suitability for use with both low and high sulphur fuels.
- Cape Town, Durban edge towards replenishment dates
Durban suppliers aiming to fill storage tanks to offset more scheduled refinery maintenance work.
- St. Petersburg bunker alert confuses suppliers
Suppliers speculated that a bunker alert has scared buyers away as the market generally had scant information on the extent of the problem.
- UK's MCA sets out Annex VI ground rules
Agency issues urgent bid to gather all UK bunker fuel suppliers' details as it seeks to establish register.
- Swollen stocks place pressure on Singapore storage
In the wake of record on-shore stocks of fuel oil in Singapore, incoming arbitrage and weak demand, questions have arisen over Singapore's storage capabilities over the coming six weeks.
- Rotterdam steady despite overnight crude gains
- Singapore July fuel oil crack reaches record spread
Fuel oil indicator spread reaches weakest level in three years on back of record stocks and weak demand.
- Stevedore shortage causes LA delivery problems
Bunker suppliers in Los Angeles and Long Beach have expressed their concern over a shortage of stevedore workers and the resulting effect on their bunkering schedules and their ability to make timely deliveries.
- Worldwide ship security network established
Port and marine services supplier says it will post 243 security officers globally to deal with ISPS.
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| JULY 9, 2004 |
- Conference on marine transport & ports in Thailand, 28 & 29 October 2004
- Elemica connects Bayer MaterialScience with Bertschi
- EU Commission approves transport aid to Italian region
- French forwarder Alternativ opens Kazakhstan office
- Baikal-Amur railway expansion
- Alpine Aviation posts profit for quarter ending 30 April
- Shipping Corporation of India: all-time high profits
- Georgia ports authority names chief operating officer
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| JULY 9, 2004 |
- OMI abandons Stelmar bid ambitions
- Skaugen’s pre-tax loss
- Aker Yards borrows US$44m
- Barwil appoints security officers
- Moore Stephens expands in UK
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| JULY 11, 2004 |
- Kingston-Seattle ferry service approved
Vessel sold on Ebay could soon be back in service
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| JULY 9, 2004 |
- Astoria fish processing firm moving operation to port facility
- Castle Harlan closes purchase of Horizon Lines Holding Corp.
- Crowley Liner Services reports no slowdown from security measures
- Port of Tacoma seeing wealth of breakbulk business
- Rail freight traffic count has good week all around
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| JULY 12, 2004 |
- Stelmar hits back at founder's claims on AGM filing
STELMAR Shipping has dismissed allegations that the company deliberately withheld the date of its adjourned annual meeting from Stelios Haji-Ioannou, the company's founder and major shareholder.
- Haji-Ioannou turns up the heat in spat with Stelmar
A fierce escalation has taken place in the row between Stelios Haji-Ioannou, the founder of Stelmar Shipping, and the Greek tanker company which has thwarted his plans for a merger with US rival OMI.
- Bulker at centre of France and Greece row
A GREEK-flagged bulker wanted for an alleged pollution incident in French waters is now at the centre of a diplomatic wrangle between Paris and Athens
- Steel discs from Prestige may hold clues to cause of sinking
STEEL discs cut from the hull of the tanker Prestigehave been raised to the surface.
- ‘Shipping nut’ Kinnock takes BIMCO job
FORMER Labour Party leader and EU vice-president Neil Kinnock has agreed in principle to act as EU liaison officer for shipowner organisation BIMCO, writes David Osler.
- Three enter race for Pan Ocean
BIDDERS have come forward for a stake in the resurrected Korean shipping line Pan Ocean.
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| JULY 9, 2004 |
- Izar 'still chasing new orders'
SPAIN’S State Industrial Holdings company SEPI, the owner of shipbuilder Izar, has denied reports that Izar has effectively stopped seeking civil construction orders ahead of a planned closure of the company
- Union Pacific in peak season cuts
UNION Pacific, one of the two key rail links to the US West Coast, has announced a service cutback during a "record-breaking" peak shipping season
- Nenaco opposes ferry sale
DEBT-burdened Negros Navigation Company (Nenaco) is opposing the sale of one of its ships to pay for the claims that its bunker supplier has demanded in court
- US Customs to hike import bonds
US Customs and Border Protection will significantly increase the price of 'continuous-entry' bonds required to be posted by various importers
- Transporters’ strike hits JNPT
OVER 300 trailer owners and operators at Indian container hub JN Port have stopped work demanding speedy turnaround of trucks from the container terminal
- Brazil builds up renewal funding
TAXES collected by Brazil’s transport ministry to help with the renewal of the country’s merchant marine hit record levels last month
- Improvements at Kakinada
- Progress seen in Miami truck strike
- Venezuela to build in Argentina
- Kaliningrad oil terminal stymied
- Tug arrested in Clémenceau saga
- Compulsory pilot guidelines needed
- Tanker reporting passes IMO hurdle
- Cosco considering S Am-US link
- Shippers transfer from FOB terms
- No debate likely on longshore deal
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| JULY 9, 2004 |
- Judge orders end to Miami strike
Independent drivers vow to continue walk-out which has paralyzed box handling at South Florida port.
- More limits on Union Pacific freight
Railroad cuts services on key corridors to help accommodate unprecedented demand.
- Management changes for The Journal of Commerce
- ISPS success a team effort, says Coast Guard
- Lawmakers: DoD bill penalizes exporters
- FedEx Express opens Miami hub
- J.B. Hunt says BNSF wants arbitration
- June a boost for Lufthansa Cargo
- Report: CMA CGM to launch trans-Atlantic service
- Fesco unit dismisses NVO's complaint
- Panalpina plans China expansion
- TNT Logistics promotes N. Amer. managers
- India commits to tonnage tax
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| JULY 9, 2004 |
- Singapore congestion hastens PSA Singapore Pasir Panjang Terminal project
Congestion at PSA’s terminals in Singapore has hastened development of the Pasir Panjang Terminal, with three new berths to be commissioned by 2005 and another two by 2006.
- Castle Harlan buys Jones Act player Horizon Lines
- Nearly 1,000 containers stranded at Nhava Sheva
- Lines increase surcharges as Melbourne and Adelaide prices rise
- German shipowner loses two new 1,043TEU containerships
- Marseilles ratchets up growth
- Chennai congestion on the wane, says IPBCC
- Grand Alliance putting final touches to new Asia-USEC services
- Pallet-wide containers make another conquest in European market
- Panalpina gets the go to operate wholly-owned Shanghai subsidiary
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| JULY 9, 2004 |
- Stelios balked at Stelmar governance warts
Company founder says ethical lapses created rift with tanker company's management.
- Pertamina hands over VLCC
Indonesian owner delivers one of two tankers to Frontline while it still can.
- Eitzen expands in France
Norwegian shipowner makes another acquisition buying French chemical tanker venture for $24m.
- NOL’s Lim takes stock options
Chief financial officer at Singapore national flag carrier looking at a paper profit of $10,000.
- Sunny deal for Jinhui
Chinese owner capitalises on strong bulker market to sell panamax pair to S Livanos for $56.5m.
- GulfMark sells to buy
US offshore operator readies fresh bonds to buy back earlier issue.
- KOTC revises shopping list
But state owned tanker company to press ahead with $1.8bn seven vessel newbuilding project.
- Castle Harlan closes Horizon buy
The Carlyle Group pockets $350m profit after deal to sell Jones Act boxship operator goes through.
- PDVSA goes south for ships
Venezuelan state oil company closes on deal for new tankers with Argentina’s Rio Santiago yard.
- More shares for Precious
Expanding Thai shipowner has splashed out another $357,670 on 400,000 of its own stock.
- American keeps BBB- (for now)
But Standard & Poor’s warns P&I club rating is under review and could drop to a marginal BB.
- Wang sworn in at UECC
Car carrier confirms change in top management as Jaeger steps down.
- Profits jump at ST Marine
Year-on-year interim net profits increase by nearly 48% at Singapore shipbuilder and repairer.
- German yard merger ‘by end July’
Shipyard sources think they know the when but not the where of the HDW-Thyssen Krupp merger.
- HMM and CSCL boxships collide
Chinese and Korean ships in major collision in approaches to port of Busan amid dense fog.
- Tuvaq sustains ice damage
Ice suspected of piercing hull of Canadian-registered handysize tanker near town of Iqaluit.
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| JULY 9, 2004 |
- Fewer ship detentions by U.S. Coast Guard
- "K" Line joins Inttra cooperation group
- Europe/Australia/New Zealand carriers raise rates
- MOL (America) appoints Midwest sales managers
- EVA transfers sensitive factory equipment to China
- New FedEx terminal expands access to Caribbean, Latin America
- China clamps down on overloaded trucks
- Commerce to rule on shrimp dumping by Brazil, other countries
- U.S., China resolve tax dispute over semiconductors
- Vakerics joins Sandler, Travis law firm
- Boston sees 12% rise in first half container volume
- Marseilles-Fos box traffic up 11% in first half
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| JULY 9, 2004 |
- The case of "Jan Heweliusz" opened again
A court of appeal in Poznan has decided that the district court in Szczecin closed the case about claims for ...
- Strong growth on the route Nynäshamn-Gdansk
On Polferries’ service between Gdansk and Nynäshamn the ferry "Scandinavia" has during the first half of the year carried 57,734 ...
- Danish strike postponed to mid August
Danish shipowners still face the threat of the officers organized in Dansk Navigatørforbund leaving the ships. The dispute over a ...
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