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| AUGUST 12, 2004 |
Shipping News
- Maritime terrorists lurk in S-E Asia: expert
A US-based security expert has sounded a dire warning on the seriousness of the threat of maritime terrorism to South-east Asian waters and in particular the Straits of Malacca, saying it's not a question of if or when, but where and how often.
- Sovereignty obsession blunts region's steps
INTERNATIONAL shipping is paying the price for the 'obsessive' emphasis on sovereignty in the Straits of Malacca, said anti-piracy advocate Alan Chan who is urging changes to the United Nations Convention on the Law of the Sea .
- Lanka curbs Chemoil ship refuelling ops
CHEMOIL Corp, which supplies 4 per cent of the world's marine fuel, said Sri Lanka has stopped its local unit from refuelling ships within Colombo port two weeks after it started operations.
- Mitsui OSK expects LNG division profit to swell
MITSUI OSK Lines Ltd, Japan's second-largest shipping company, said it expects annual current profit from liquefied natural gas operations to rise by half in the next two years as demand increases.
- US warship's collision with dhow renews fears of suicide attacks
THE US Navy is investigating how a small wooden boat was able to approach and ram into an aircraft carrier in the Persian Gulf last month, military officials said.
- HK's Titan boosts oil tanker fleet
TITAN Petrochemicals Group Ltd, a Hong Kong-based garment maker-turned oil transportation provider, bought the tanker VL Chios for US$24 million to increase the size of its oil fleet, the company said in a stock exchange statement.
Air and Land Transport
- UK asked Alitalia to hike air fares: source
BRITAIN's aviation authorities have asked Alitalia as recently as July to raise fares to avoid undercutting British Airways , an Alitalia source said on Tuesday, defending similar action announced recently in Italy.
- Air traffic controllers warn of staffing shortage in Alaska
- Cathay H1 below forecasts at HK$1.8b
- AirAsia calls for policy on budget, full-service airlines
- Bangla airports normal after bomb hoax
- Air India aims for lease deals by Sept
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- Intra-Asian carriers troubled by high charter rates
- Nagoya, Kobe ports become CSI operational
- CP Ships to restate financial results
- Long Beach embarks on programme to improve cargo movement at port
- Ryder appoints Tyrone Cross as VP of Maintenance
- Singapore transports more air cargo in Q2
- HAECO posts US$29.7 million profit in H1
- Gemini Air Cargo/ALPA ratify contract
- BAX Global resumes service to southern California airport
- EX-UPS executive joins Mercury Air Cargo
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| AUGUST 12, 2004 |
- MoS moots new pension schemes for Major Port workers, seafarers
- Crude imports up by 47.8 pc
- CII takes flagship ‘Made in India’ show to Thailand
- CII strikes a deal with Korean SMEs Federation
- Cashew exports record Rs 150-cr. increase in April-June 2004
- Pak team here for cup that cheers
- Port curbs on natural rubber imports removed
- CWC launches ICD-Bhadohi
- State heavy vehicle operators serve notice of strike at JNP from Aug. 15 midnight of concern today
- NFTP may waive BG for exporters’ inputs
- RBI may allow a year to realise export proceeds
- Import duty cuts to contain inflation planned
- CII meet to explore business opportunities for traditional medicine today
- Iraq projected to fuel cargo, marine insurance growth
- AP sponsors maritime training institute at Kakinada
- Another milestone in JNPT’s success story
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| AUGUST 11, 2004 |
- Prestige: Oil recovery reaches half-way mark
Reports today said that the fuel oil removal operation from the wreck of the Prestige has reached the half-way stage.
- Latest oil market data turn the screw another notch
The latest weekly inventory figures from the US and monthly figures from the IEA sees the screw tighten a bit more on oil market fundamentals, but Saudi Arabia comes to the rescue.
- Latest US oil inventory figures at a glance
- Suez players bemoan lack of demand
- Piraeus players busy as Greece gears up for long weekend
Bunker nominations looking increasingly difficult near term with Greeks celebrating four-day weekend as Olympic games commence.
- Rotterdam soft to steady this morning
- South Korea: Excess bunker supply forecast after refinery fire
A fire at the SK Corp refinery in Ulsan is expected to see more heavy sulphur fuel oil pumped into the bunker market in August.
- Oil-carrying ships require $1bn financial assurance certificate
Lawyers challenge the legality of new state legislation in Massachusetts which requires owners or charterers of vessels carrying oil or other hazardous material to have a certificate of financial assurance for $1 billion.
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| AUGUST 11, 2004 |
- Eclipse Systems (India) launches warehouse management system
- China: successful crackdown on overloaded trucks
- GeoLogistics announces new strategic partner in Egypt
- TX Logistik to run trains in Austria
- Arrow Air emerging from bankruptcy
- Congestion at the port of Izmir
- Exel names new branch manager in Cologne
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| AUGUST 11, 2004 |
- Mexican cement ship stand-off
- Dex aims at 1,000 ship target
- Product tanker foils Malacca Strait pirates
- Seabulk reports steady performance
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| AUGUST 11, 2004 |
- Melfi Marine targeted as Castro regime unit
- Three crew members get $1 million whistleblower reward
- New home for Tampa repair yard?
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| AUGUST 12, 2004 |
- US demands 2,000-mile track and trace zone
THE United States is pushing ahead with moves that would force all ships to carry equipment transmitting their identity and exact location at a range of 2,000 miles.
- US told to get its house in order on short-range monitoring of ships
AS THE US presses forward with its bid to secure international agreement on a new long-range vessel tracking system, its effort to establish a system to monitor ships closer to home is still woefully incomplete, shipping industry leaders charged yesterday, writes John McLaughlin in New York.
- Queen Mary 2 sails into ‘Fortress Piraeus’
CUNARD Line’s Queen Mary 2 yesterday docked in Piraeus amid draconian security surrounding the Olympic Games that will officially be inaugurated at tomorrow night’s opening ceremony in Athens, writes Nigel Lowry.
- Taiwan’s CPC warned of terror risk
TAIWANESE media has reported that the island’s largest company is the latest to be threatened by the possibility of maritime terror, writes Sam Chambers in Hong Kong
- Ambitious P&O wins right to run planned new box port near Calcutta
EXPANSIVE British ports operator P&O has won a concession to run a $235m planned port facility in India’s strategically important west Bengal region and its fourth container terminal serving rapid economic growth across the sub-continent.
- Pertamina chiefs fired by Jakarta
THE Indonesian government yesterday sacked the chief executive and a number of board members of state-owned oil firm PT Pertamina, writes Mark Warner.
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| AUGUST 11, 2004 |
- Pertamina board sacked
THE Indonesian government officially confirmed today that the board of directors of state-owned oil and gas company Pertamina, including its president, has been sacked
- JNP third terminal signed
THE license agreement for the development of a third container terminal at India’s Jawaharlal Nehru port was signed yesterday
- Barbados labour woes linger
THE Barbados Workers Union (BWU) continued negotiations with the Barbados Port Authority this week, seeking to resolve a dispute over fired workers
- Inland port planned in California
PLANS to turn a former US Air Force base at Victorville into an inland port are being considered, aimed at reducing congestion at the ports of Los Angeles and Long Beach
- ILA dissidents continue action
DISSIDENT US longshoremen plan to press ahead in court to try and have the balloting that approved a new six-year contract set aside and a new election ordered
- Mobile to build container facility
ALABAMA State Ports Authority is now planning to move forward with its container transfer facility at the port of Mobile
- NZ fruit prices sour
- Maoris 'threaten' NZ ports
- Yang Ming raises forecast
- Indian pilot shortage
- Canberra calls for coast surveillance
- Asian box charter problems
- US investor steps into Shenzhen
- China to reduce soybean imports
- HMM bounces back with $147M net profit
- 12 rescued from sinking ro-ro
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| AUGUST 11, 2004 |
- Intermodal extends hot streak
Domestic trailers help North American intermodal traffic to ninth consecutive growth quarter; int'l. containers still mainstay.
- Low ratings for gov't. security: Survey
Transportation executives point to holes in government-backed programs as cargo-manifest review or inspections.
- Fla. ports plan for storms
- Prototype phase for transport ID card
- Charleston turns in record year
- WTO rules against U.S. duties on Canadian lumber
- Seattle won't redevelop Hanjin terminal
- IANA, NITL, TIA set schedules for joint conference
- Maersk, NOL seek Indochina business
- Profit for Hyundai Merchant Marine
- India’s Nehru signs for third box terminal
- German trade surplus grows
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| AUGUST 11, 2004 |
- Brokers anticipate new charter activity as summer lull draws to a close
The main push in the charter market is still coming from the medium sizes as a lack of availability is squeezing charterers to pay more, says broker Howe Robinson.
- APMT and POP secure Indian port concessions
Both P&O Ports (POP) and AP Moller Terminals (APMT) have secured contracts to develop new terminals in India, the Danes on the West Coast and the British in Bengal.
- ECT trains dockers to beat bottlenecks
- Hong Kong shipowners order two ships
- Suape to build souths’ biggest shipyard
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| AUGUST 11, 2004 |
- Castro’s cargo?
US bans Melfi Lines claiming shipping company is the arm of Cuban government.
- Fosen builds for Blue Star, Stena
Fosen Mek is set to build up to $170m worth of ropaxes after a meeting of minds with bankers.
- CP on trial
Moody’s mulling downgrade after company warns of profit re-statements.
- Personal best in Denmark
Torben Janholt finds J Lauritzen’s record six months “very satisfactory”.
- Stelios sells
Haji-Ioannou offloads 150,000 shares in Stelmar in wake of failed deal with OMI Corp.
- UK pollution incidents drop
Survey of discharges from ships and rigs in UK waters last year shows 17% fall.
- Boxship held after collision
Quebec authorities are investigating the Canada Senator.
- P&O goes fourth in India
UK group wins deal to develop and run new terminal in West Bengal, its fourth Indian port.
- Bollore stands still
French owner of Delmas and Otal box lines posts almost identical turnover in first half.
- Trico loses again
Troubled US offshore ship operator suffered bigger losses in the first half of 2004.
- Jinhui reveals FFA damage
Hong Kong bulker owner swallows losses of $67m from forward agreements in first half.
- Seabulk solid
US Jones Act tanker operator and potential takeover target increases profits in first half.
- Titan takes second Stealth VL
Greek owner set to book close to $10m profit on sale of tanker acquired less than 18 months ago.
- More Malacca muscle
Three South East Asian nations are said to have expressed an interest in participating in anti-piracy patrols.
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| AUGUST 11, 2004 |
- Seaboard Marine's profits recover
- IMO panel reports 87 first-quarter acts of piracy, armed robbery
- Seabulk International sees stable 2nd-quarter profits
- U.S. permits all-cargo charter flights to Libya
- Primary Freight selects Web-based contract management tool
- Inttra to open more offices
- P&O, APM Terminals get licenses for new Indian terminals
- Preparations under way for MSC terminal in Bremerhaven
- Environmental report on Anchorage terminal expansion available
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| AUGUST 11, 2004 |
- Fosen secures finance to build Stena ropax vessels
Fosen Mek. Verksteder has secured finance to build two ropax vessels through DnBNOR. The newbuildings are intended for Stena but ...
- Danish fleet of livestock-carrier sold to Dutch competitor
Danish Ship Finance has sold off more livestock-carriers from their wholly owned Corral Line situated in Gråsten. After the ...
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