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| JANUARY 14, 2004 |
Shipping News
- Step up security measures, harbour craft warned
THE Maritime and Port Authority of Singapore has advised harbour craft in and near Singapore waters to step up security surveillance and prepare anti-piracy plans to combat attacks.
- Hutchison's 2 Jakarta terminals under attack for monopoly
HONG Kong port operator Hutchison Ports Holdings' two Jakarta container terminals have reportedly again come under fire for monopolistic practices - this time levelled by the Indonesian Chamber of Commerce.
- Philippine carriers slam shippers' call to lift cabotage
PLAYERS in the Philippine domestic shipping trade have opposed a proposal to drop laws that prevent foreign carriers from competing with them.
- Strong economic growth boosts cruise demand
CARNIVAL Corp's chief executive officer Micky Arison had planned to spend six days crossing the Atlantic later this year aboard the biggest ocean liner ever, the company's US$780 million Queen Mary 2.
Air and Land Transport
- Net flight bookings could well be next terror casualty
MADDENING airport check-in delays triggered by security concerns could soon hit online travel reservations as analysts predict a crackdown on Internet air bookings.
- Armed air guards may be useful: BA chief
- KLM willing to place air marshals on some flights
- Cathay passengers down 18% in 2003; Lufthansa posts better Dec
- Log Book
Strait Talk
- Piracy continues to rear its ugly head
ON Christmas Day last year the tug Profit No 8 was towing the barge Sumber Jaya 8 from Jambi to Singapore.
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| JANUARY 14, 2004 |
- DFDS Transport gets China A-License
- FPS strengthens Hong Kong office
- Box growth boosts Marseilles' Fos 2XL project
- Guangdong deepens Rongjiang River
- Indian Railways freight revenue exceeds target
- Vexure promotes Liantonio to senior vice president
- Management changes see Stander promoted at GLC
- GAC signs global network agreement with Wilford and McKay
- Cathay records cargo growth in December
- TNT to add five 737s to fleet
- Flick replaces Warrick as president of UPS Europe
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| JANUARY 14, 2004 |
- India now largest supplier of soyameal to Far East
- Kolkata Dock System to become hub for inland waterways
- JNP emerges as most efficient Major Port in April-November 2003
- Comprehensive policy on Port Trusts’ land in a month
- Sinha to flag off 1st Haldia-Patna cargo vessel today
- 23 more SEZs to spring up, says Jaitley
- MoF puts on hold drawback payments to SEZ units - Chapter XA of Customs Act not yet notified
- EOUs in technology parks allowed 100 pc credit on EEFC account
- Trade chambers sign MoU formalising NRIs, PIOs network
- 4 firms respond to CoPT notice on Vallarpadam project
- Direct tax collection goes up by 23 pc for Dec. 2003
- Birla Cellulosic wins IMC’s Bajaj Quality Trophy - Juran Medal for Ratan Tata
- Make India an international LCL transhipment hub: CAI - Consolidators’ team meets Minister
- IMC interactive meet on ‘e-governance in excise & customs’ today
- Consolidators Association of India presents memorandum to Minister Shripad Naik
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| JANUARY 13, 2004 |
- Panama quiet, buyers await softer market
- OPEC December output up with minor Iraqi contribution
The 10 OPEC members with a self-imposed oil production ceiling of 24.5 million bpd pumped 1.35 million bpd above that ceiling in December according to a survey by Platts.
- Crude looks vulnerable to correction if rally breaks
Speculators have built up their highest net long futures positions in more than four years, leaving room in the market for some profit taking if the rally breaks.
- WTI crude above $35 on low stocks, cold temperatures
Crude prices hit new a 10-month high today as new forecasts for a wintry deep-freeze in the US Northeast could drain crude stocks already at their lowest level since 1975.
- Uruguay market update
- Rotterdam secures new bunker record, fewer spills
Ships calling at Europe's biggest bunkering port, and the world's number 2 bunkering port after Singapore, secured a new record bunkering volume in 2003 with a solid 7.4% increase from 2002.
- Trader leaves Bominflot Hellas
- All products available in Bahia Blanca again
All products are now once again available in the Argentinean port. Surprisingly though, fuel oil prices do not seem to have moved up in line with world trends, although gas oil indications have increased quite significantly in the past two days.
- Cargo rises push Fujairah higher
- Hong Kong bulls continue charge into new year
- No letup in Singapore's bunker market yet
The year so far has brought unrelenting price increases in the Singapore bunker market. Fuel oil prices have gained about $15 since the beginning of last week, and marine distillates have surged by more than $30 in the same period.
- Brazilian market update
- Rotterdam market largely stable
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| JANUARY 13, 2004 |
- LogTec develops mobile apparatus to capture data on container contents
- France repays EUR 2.3 billion to transport industry
- New member for WWPC in Japan
- Asfinag to invest heavily in Austrian motorway network
- Alitalia flying ever deeper into the red
- Nordö Link: Four sailings per day to Sweden
- Snagfa selects new general delegate
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| JANUARY 13, 2004 |
- Tordenskjold deal confirmed
- Golar into LNG trading
- BP fined after fatal accident
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| JANUARY 13, 2004 |
- NoE warns of spiralling claims
- LR makes rule changes
- UK shortsea initiative underway
- New Cochin box hub plan
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| JANUARY 14, 2004 |
- Zim set for full privatisation as Israel gets Ofer it cannot refuse
FULL privatisation of Zim Israel Navigation Co is now a virtual certainty after the government yesterday accepted an offer from Israel Corp, the company controlled by Ofer Brothers.
- DNB Nor enters US capital market with brokering arm
DNB Nor’s ambition of gaining a foothold in US capital markets has been cemented with the establishment of DnB Nor Markets Inc, a registered broker dealer based in New York to complement DnB Nor Markets, the namesake Oslo investment banking arm.
- Birkenhead boost for shipbuilding
UK SHIPBUILDING has received an unexpected shot in the arm.
- Discontent at Shell puts Watts at risk
SHELL chairman Sir Philip Watts’ position could be under fire if major shareholders take their rumblings of discontent over last week’s reserves slashing further.
- Call for Europe to have own coastguard
EUROPE’S lawmakers have called for the "rapid" creation of a European coastguard to enforce sweeping new regulations that will make marine pollution by ships a criminal offence, with penalties that include jail, writes Roger Hailey.
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| JANUARY 13, 2004 |
- Greeks discuss Olympic security
GREEK deputy interior minister George Floridis will be in the US on 14 January for discussions on security with officials, including national security advisor Condoleezza Rice
- EU flag proposal dumped
AN attempt to enforce the display of the EU emblem on ship’s flags has been roundly rejected by members of the European Parliament in Strasbourg today
- St Nazaire mayor slams Monti
THE mayor of the French city of Saint Nazaire, home of shipbuilder Chantiers de l'Atlantique, has accused Italian rival Fincantieri of unfair competition
- IMB highlights Bangladesh piracy
THE International Maritime Bureau has issued its weekly piracy report for week ending 12 January, with Chittagong and Mongla (Bangladesh) highlighted
- India pushes inland waterways plan
INDIAN ministers urged India’s ports to become inland water transport hubs at a meeting in Kolkata yesterday
- Mangouras denied Brussels leave
APOSTOLOS Mangouras, master of the Prestige, is unlikely to be allowed to travel to Brussels to give his account of the sinking to members of the European Parliament
- MEPs adopt tougher sanctions
- Jahre Viking prepares for conversion
- Europeans cruise on weaker dollar
- Former Prestige captain to testify
- Balearia focuses on Ibiza
- P&I club warns of claims surge
- Phoenix revives ill-fated veteran
- Mid East three in new co-operation
- Sydney re-connects with Tasmania
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| JANUARY 13, 2004 |
- China claims box-handling crown
Volume of 48 million TEUs in 2003 was an 11 percent gain over 37 million TEUs the previous year as largest ports vault in world rankings.
- Intermodal record powers U.S. rail
U.S. railroads rebound from weak year to post increase in 2003.
- Cargo recovery at UK airports
Rebound continued last month, only the second consecutive monthly increase since March.
- Israel sells Zim shipping line
- Mumbai sets box terminal plans
- "K" Line expands China sales
- Chem execs: C-TPAT? What C-TPAT?
- Budapest added to Cargolux schedule
- Yellow Roadway plans to add terminals
- Curran joins S&TTAS global trade practice
- Panalpina appoints Bellin N.A. VP
- Velocity Express tabs COO
- Profit for Greenbrier Cos.
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| JANUARY 13, 2004 |
- Ofer Brothers close in on Zim Lines acquisition
Bids for Zim Israel Navigation Company are due to be handed to the Government today, but local sources expect that Israel Corporation (IC) will be the only potential buyer.
- Government under-funding angers BC maritime industry
British Columbia maritime operators could be hit by half the estimated C$100million (US$79million) extra security costs arising from over 600 new security regulations by Transport Canada.
- JNPT board meeting on third terminal put off, pending legal opinion
- Brazilian cabotage is CMA CGM aim in Brazilian expansion
- Seaspan parent splits management of shipping subsidiaries
- Transhipment cargo boosts Le Havre volumes
- UAE’s Gulftainer terminals a hub of activity
- Rotterdam woos Brazil market with dedicated representative
- New data capture system for US-bound containers
- Vanguard Global Services establishes automotive division
- Changchun City office opened by K Line
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| JANUARY 13, 2004 |
- OSG reaches for the shelf
NY tanker owner lodges $500m filing with SEC
- 'Noose tightens' on ferry four
Feds plotting manslaughter charges in Staten Island crash.
- Boarding party
US Navy charges two sailors with stealing from merchant ship.
- Teekay shares pressing $60 mark
Aframax giant may have room to grow from record highs.
- Israel Corp wraps up Zim buyout
Company chief Idan Ofer said to have struck a deal.
- NEPIA warns on freight boom
Busy ships, weak dollar and revised conventions threaten higher P&I claims.
- Star move skywards
Share price jumps 27% on sale of major stake in Norwegian reefer venture.
- Splitska offloads veteran cargoship
Syrian buyer snaps up 1967-built vessel as Croatian owner begins to modernise fleet.
- Golar raises its ambitions
Tor Olav Troim aims to add LNG trading to shipowning venture.
- Petronet LNG prices IPO
Indian gas importer and ship charterer details fund raising move.
- K Line makes it 15 in China
Changchun office is latest Chinese base for Japanese giant.
- Mitsubishi to file for US LNG terminal
Competition hots up among operators keen to secure gas routes into west coast States.
- Nigeria pledges help for domestic owners
African state wants to build fleet ahead of cabotage legislation.
- Iraq access set to improve
A series of initiatives by domestic and international agencies is set to make it easier to access ports.
- Taiwan eases shipping restrictions
Former Soviet republic vessels to be welcomed, but mainland China still on banned list.
- China Merchants finalises Ningbo deal
Chinese group pledges CNY 1.63bn to help build four containership berths at Ningbo.
- NOL's Lim in bonus bonanza
Performance related award sees chief financial officer pick up 150,000 shares.
- GAC targets Panama ports
Dubai-based ship agency signs "global network agreement" with local firm Wilford & McKay.
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| JANUARY 13, 2004 |
- NITL, intermediaries tell FMC: Allow NVO contracts
- FMC appoints Larson general counsel
- U.S. Court of Appeals extends physical scope of Oil Pollution Act
- "K" Line opens office in Changchun, China
- UPS appoints Flick as president of UPS Europe
- GeoLogistics names Leivici as CEO of its Americas unit
- Kuehne & Nagle adds supply chain capability
- Comment period for mandatory SNAP+ extended
- USTR chief steps up calls to reinvigorate global trade talks in 2004
- FAO urges stronger safety measures to protect global meat trade
- Sears Logistics Services signs distribution pact with Exel
- U.S. Agriculture Department approves trade help for Alabama shrimpers, denies Florida petition
- U.S. Agriculture Department completes draft pest risk for citrus import from Peru
- Sandler & Travis consulting group adds VP for global development
- Velocity Express Names Hendrickson COO
- Boston container volume up 8.6% in 2003, led by exports
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