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| APRIL 14, 2004 |
Shipping News
- PSA in talks to develop Mumbai offshore container terminal
PSA Corporation is in direct discussions with the Mumbai Port Trust on the possibility of developing the Indian port's planned offshore container terminal after the trust's tender process failed to produce any final bidders.
- China Shipping hints at parent listing
CHINA Shipping Group may seek an initial public offering following a shareholder restruc- turing, and a two billion yuan bond issue to finance more vessels.
- Asian ports locked in war of expansion
ON paper, Shanghai and Pusan are sister cities, the largest seaports of China and South Korea, separated by 500 miles of the Yellow Sea.
Air and Land Transport
- Middle East airlines eye travel surge
IN contrast to a lingering slump in the airline industry elsewhere around the globe, business and leisure travel in the Middle East and South Asia has surged, heating up regional competition and spurring multibillion-dollar expansion by Persian Gulf carriers and airports.
- Airport reopens at Cambodian resort town
- Korea's Asiana Airlines posts Q1 profit of 78.2b won
- Cardiac equipment required on planes
- US court rejects suit against Indonesia's Garuda
- Southwest calls on union to show members its proposal
Strait Talk
- Have you got your ship covered against port delays?
JUST over a week ago, a very small tug, the Iron Ox, sank in the Matagorda Ship Channel, Texas, during a storm.
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| APRIL 14, 2004 |
- MOL upgrades Intra Asia service network
- CMA CGM ups box handling in 2003
- Lloyd Triestino speeds up ELS service
- Lykes Lines launches new Asia-N America service
- WTO reports Asian countries record import, export growth
- European ports ready for ISPS code deadline
- MASkargo network expansion to help raise revenue by 20pc
- HK, Kuwait sign air services agreement
- Hactl throughput up 15.2pc over first quarter
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| APRIL 13, 2004 |
- European safety committee slams Spain
Spanish authorities lambasted for decisions before Prestige break-up.
- Egypt: Avails up, prices down
- SPC joined by Caltex in BP refinery asset buyout
Singapore Petroleum Company today revealed that it will team up with Caltex Singapore Pte. Ltd. in the refinery asset buyout.
- Uruguay Update
- Chinese buyers 'hold back' as market stays firm
Higher cargo levels in Singapore sees Chinese buyers wait for bearish market as imports head for Guangdong.
- Taiwan distillate prices take another step up
Today's upwards move was only the fourth price adjustment for MGO so far in 2004.
- Hong Kong steady to firm after long weekend
Suppliers returned from the Easter break to continued healthy buying interest in the port, causing some supply issues.a
- Rotterdam market firm at midday
- MPA confirms bunker license embargo until June 2005
Singapore authority's statement requires that Brazilian and Malaysian oil giants' bunker operations forced to use third-party deliveries.
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| APRIL 13, 2004 |
- Potential and risks of RFID projects
- Iran: Minimum import tariff of 140%
- TNT Network Logistics wins contract with Macmillan Distribution
- SBB: turnaround in goods traffic
- Aurigny steps up operations from Bournemouth
- NYK builds upon Syrian heritage
- Ihnow serves Hellmann for 55 years
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| APRIL 13, 2004 |
- B+H buys OBO
- US port security act loses user fee cash
- Asian offshore boom boosts Ezra
- Strike Club dips into reserves as claims rise
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| APRIL 13, 2004 |
- Australia's Adsteam sells U.S. barging operation
Management buyout of Northland Services
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| APRIL 14, 2004 |
- Fears in Spain that Brussels aid clamp will crush Izar
THE outlook for Spanish shipbuilding looked grim yesterday following reports that Brussels could be about to rule that aid received by state-owned group Izar between 1999 and 2000 was illegal.
- Hatsu hint on Atlantic tonnage
EVERGREEN subsidiary Hatsu Marine may eventually provide its own tonnage on the North Atlantic after entering the trade this month through a slot charter agreement, writes Janet Porter.
- Containership squeeze forces lines into longer charter periods
CONTAINERSHIP chartering habits are being transformed by the tonnage squeeze, with shipping lines forced to make commitments that would have been inconceivable a year or so ago.
- Festival wins new delay in European Vision sale
EMBATTLED Festival Cruises has obtained a new conservative arrest on the three-year-old European Vision ahead of today’s scheduled deadline for bids for the vessel in Barbados.
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| APRIL 13, 2004 |
- Nenaco hits back at creditor
FINANCIALLY beleaguered Negros Navigation Co (Nenaco) plans to file a lawsuit against Tsuneishi Heavy Industries for attempting to seize the Philippine operator’s entire fleet on the weekend
- NY fears fingerprinting failure
NEW York senator Schumer fears that the lack of fingerprint checking at NY passenger Ship Terminal represents a security breach for August's Republican National Convention
- Bow Mariner survivors testify
SURVIVING crewmembers of the ill-fated Bow Mariner are finally telling their stories, but it may be some time before we hear them
- US security fee plan axed
SHIPS visiting US ports will not face federally-imposed security user fees because of an 8 April vote by the Senate Commerce Committee
- Hatsu expands into North Atlantic
FROM late April the growing global network being developed by Hatsu Marine, the UK arm of the Evergreen Group, will be expanded with a new North Atlantic service
- Dutch activists oppose wreck plan
THREE Dutch environmental groups have urged the government not to proceed with the burying of the wreck of the Ro-Ro Assi Euro Link, which sank over a year ago
- More aid goes to Gdynia Shipyard
- Torm warning
- Quick sale wanted for Mayflower ship
- Aker Yards flotation brought forward
- Nenaco wins vital reprieve
- Colombo abandons port privatisation
- Jordan scraps extra import duties
- Strike planned over French register
- Cosco Shipyard buys private facility
- Rumours link A&P with yard takeover
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| APRIL 13, 2004 |
- New bill ramps up smart containers
Legislation would require Homeland Security to implement a plan to coordinate aviation, maritime, rail and highway security.
- Customs slates advance rail shipment reporting
- Royal P&O Nedlloyd set for listing
- Fuel charge steady for TACA
- OSHA holds tandem-lift meeting
- BAA boosts March cargo
- Kansas City Southern still wants Mexico railroad
- Record cargo for Cathay
- New APL Bangladesh manager
- Erik McMahon, former Pacific Shipper editor, dies
- Fla. Congressman calls for more seaport security funding
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| APRIL 13, 2004 |
- Seaspan confirms latest 9600TEU newbuild order
- Cosco heads south with the spring
- Suez channels its ambitions into terminal
- Lithuanian line swaps Immingham for Teesport in enlargement shakeup
- Stinnes-Railion line up Ljubljana
- Marseilles box traffic boosts first quarter results
- Europe-Levant speeds up service, adds Gioia Tauro
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| APRIL 13, 2004 |
- MBO at Northland
Endeavour Capital backs takeover of Pacific-Northwest barge operator.
- Sea Containers bond issue rated B3
Moody's notes lack of ‘unencumbered’ assets to cover the debt.
- Shih Wei bulker sinks off India
Nine Chinese seafarers missing, eight rescued after log-carrying ship goes down.
- Q Ship to raise more cash
Qatar Shipping Co shareholders to get first crack at latest offering.
- Golar inches up Korea Line stake
John Fredriksen’s LNG venture continues its march towards consolidation.
- Korea tops shipbuilding league
Historic high topples Japan from leader position after three years.
- Europe blasts Spain on Prestige
And calls for tanker master Apostoulos Mangouras to be allowed home while awaiting trial.
- Jinhui confirms bulker buy
Shipowner and trader snaps up panamax resale.
- FEFC set to implement CAF
Week dollar plus China cargo volumes behind decision to introduce Currency Adjustment Factor.
- POSCO to lift steel prices
Planned 16% increase in plate costs set to put further squeeze on margins at Korean yards.
- Nedlloyd prices 'rump offering'
Containership player details pricing of shares not subscribed for during its rights offering.
- Aker Brevik wins tanker order
Romanian subsidiary to build bunker vessels for French owner.
- Krousouloudis jumps ship
Industry veteran moves to Celebrity Cruises less than six months after joining Athenian US office.
- Profits power ahead at Ezra
Singapore owner's interim figures buoyed by firm chartering demand from oil and gas sector.
- More Cosco bosses take options
Another two directors at Chinese giant’s Singapore-listed arm set for hansom paper profits.
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| APRIL 13, 2004 |
- OOCL expects firm Pacific rates after May
- Hatsu joins new Montreal/North Europe service
- U.S. chief of naval operations supports U.N. Sea Convention
- U.S., Brazil pave way to new bilateral maritime agreement
- Colography shows some moving away from just-in-time
- U.S. Customs sets mid-July startup for advance rail manifests filing
- Laredo ready for FAST
- GeoLogistics names Kirk chief information officer
- FDA, Customs seek harmonization on advance notice rules for imports
- Mexico increases imports of U.S. beef
- FDA seeks second round of comments on bioterror rules
- U.S. antidumping findings for Chinese bedroom furniture delayed
- U.S. considers Bangladesh's GSP status
- EU, Philip Morris near deal on cigarette smuggling
- USDA offers shippers free on-line access to trade database
- California Maritime Academy plans security conference
- Top Cat Marine to open factory in Charleston
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| APRIL 13, 2004 |
- New Swedish shipowner order tankers in the Caspian Sea
Stockholm based Svithoid Tankers has bought a newbuilding contract for two 3,400-DWT product tankers from Catfish Shipping. The SEK ...
- "Bow Mariner" crew give evidence
The four surviving crew members from "Bow Mariner" have begun giving evidence before a grand jury in the US. The ...
- Suspected market manipulation of Aker Kvaerner share price
Norway’s financial regulating authority - Kredittilsynet - is looking into allegations of manipulation during the last Aker Kvaerner right issue. Wrong information ...
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