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| MAY 14, 2004 |
Shipping News
- New ballast rules could create $10b tech market
NEW, stricter rules for the treatment and decontamination of ballast water are expected to spawn a $10 billion market for treatment technologies in the next 10 years.
- Stable rates boost global trade: lines
THE relative stability in container freight rates has been a driving force behind the growth in global trade, the head of a European liner association said recently.
Air and Land Transport
- New blow to US$23.5b Boeing tanker deal
THE US Air Force has no pressing need to start phasing out its refueling planes, a Pentagon-commissioned report made available on Wednesday said, in a fresh blow to a stalled US$23.5 billion Boeing Co tanker deal.
- Gulf Air may miss profit target because of rising fuel costs
- Thailand's first subway completes trial run
- Japanese firms to bid for China bullet train project
Admiralty Casebook
- Insurer not liable for cargo not properly packed: court
THE insurer of a large transformer that was damaged during a voyage from the UK to Malaysia has successfully argued that it was not liable under a marine insurance policy as the cargo was not properly packed or prepared for the voyage.
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| MAY 14, 2004 |
- SCT welcomes FES service
- MOL to launch third China-Australia loop
- US gets approval from Panama to search suspicious vessels
- Stonecutters Bridge to provide direct access to Kwai Chung terminals
- Port Klang scanners aid Malaysian Customs efforts
- ProLogis, NYK to build distribution facility in Hamburg
- Target names Maersk Logistics `Consolidator of the Year'
- Airlines increase fuel surcharges from Hong Kong airport
- China Airlines to offer Taipei-Seattle-Houston service
- DHL unveils `China Domestic' service
- Changi Airport voted best in Asia
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| MAY 14, 2004 |
- Mercator Lines to acquire used VLCC
- Haldia, Kolkata-bound import cargoes to be transhipped at VCT - With INDFEX 2 calling direct at the terminal...
- PTP sets new world record in berth productivity on vessel AP Moller
- Dollar surge cheers exporters
- Eastern region leather exports rise by 6.3 pc in 2003-04
- Paradip Port exceeds cargo throughput target set for April
- Govt asks non-Major Ports to charter Indian dredging vessels
- Kuwait port security tightened after threats
- Port Pipavav acquires 3 quay gantry cranes
- Techno-economic proposals on Vizhinjam box terminal invited
- Emirates Airline adjudged ‘2003 Airline of the Year’
- K&N MD rules out wide swings in sea freight rates
- Evergreen India Pvt. Ltd formally launched in India
- Export growth target may be fixed at modest 12 pc for 2004-05
- Knitwear sector expresses confidence in quota-free regime
- Adding spice to export quality
- Monsoon to drop in on time
- UK P&I posts $ 40-m surplus
- Target Corp names Maersk Logistics "Consolidator of the Year" once again
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| MAY 13, 2004 |
- Singapore market divided on whether prices have peaked
Fuel oil prices reached a new high in Singapore's bunker market today, although it was a 13-month peak rather than crude's 13-year peak.
- Tokyo Bay maintains high price levels
Indications in Tokyo Bay remained little changed today, with numbers for IFO grades still well above $210 per metric tonne (pmt) for the seventh day running
- Swelling stocks undermine Asian fuel oil values
Singapore's stocks of residual fuels at seven month high as Chinese fuel oil buyers fail to return and arbitrage influx continues.
- Cargo rises nullify Italian demand
- EU's newest suppliers hit by inspection delays
Hold-ups to implementation of EU tax exemption procedure could lead to marine fuel supply shortages for new member states, warn suppliers.
- High resupply cost seen as factor in tighter avails
Suppliers in the US Gulf and East Coast markets think this is not the right time to go 'long' on product, thus perpetuating tight avails.
- Rotterdam still on the firm side this morning
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| MAY 14, 2004 |
- The International Transport Journal’s Air Freight Forum in Cologne
- Austria and Italy finally to build Brenner Tunnel
- DHL is official logistic partner of Formula OneTM
- ICA to launch second Romania ro-mo
- Lufthansa Cargo founds JV with Shenzhen Airport Company Ltd
- Flemish ports profit from shortsea shipping traffic
- CER: New Deputy Executive Director
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| MAY 13, 2004 |
- Owners worry ports not ready for ISPS
- Poor Q1 dampens Farstad’s 2004 hopes
- MOL’s China-Australia service
- Precious tops Thai medium size companies survey
- Labroy sees 48% jump in Q1 pre-tax profit
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| MAY 13, 2004 |
- Delays for DD(X) and LCS?
House Armed Services Committee's reservations reflected in changes to Defense Authorization Bill
- BIMCO opposes bulker double skin proposal
Premature to accept a mandate before IACS rules appear
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| MAY 13, 2004 |
- Bellingham Port Commission eyes eminent domain right for lagoon
- Port of Olympia taps Rudolph as new airport director
- WSF offers armed forces walkons free passage to Bremerton parade
- zStudy finds Portland Airport pumps billions into regional economy
- Corps crews report leak of half cup of hydraulic oil
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| MAY 14, 2004 |
- Rickmers ready for major heavylift order after success of Pearl String
BERTRAM Rickmers is close to ordering 12 heavylift multipurpose ships after the successful introduction of Rickmers-Linie’s unique Pearl String service.
- Investment in ports key to berth control
RICKMERS-Linie may be prepared to put money into port facilities in order to ensure berths are available to handle non-containerised cargoes, writes Janet Porter .
- Hard fact of a softening insurance market
NOW brokers have confirmed that the insurance market is softening.
- British IMO team rejects bulker double hull critics
A REBUTTAL of plans to block making post-2007 bulkers double skinned emerged yesterday as the British delegation to the International Maritime Organisation questioned criticisms levelled at the formal safety assessments that prompted the decision.
- Market fears spur China Shipping to rethink plans
A SERIES of presentations to institutional investors around the world planned by China Shipping Container Lines has been postponed because of stock market jitters.
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| MAY 13, 2004 |
- US Navy taking the best seafarers
SHIP operators seeking to take on US-licensed merchant seafarers may soon find that they have been beaten to the best candidates by the US Navy
- No relief for US refinery shortage
EXPORTERS hoping the US will expand its refinery capacity have little to look forward to, according to US oil industry representatives testifying before Congress yesterday
- Rickmers could invest in Genoa
BERTRAM Rickmers has offered to invest in port facilities at Genoa if that became necessary to secure the future of Rickmers Linie’s fortnightly calls
- Algoma sharply higher in quarter
ALGOMA Central Corp, the Great Lakes operator, posted a profit of C$4.3M ($3M) in the first quarter, up sharply from C$215,000 for the same period a year earlier
- Hutchison confirms Bathside plans
HUTCHISON Ports Holdings has no plans to use automated equipment at Felixstowe or the proposed Bathside Bay terminal at Harwich
- Paranagua in port probe
A FEDERAL investigation is underway in Paranagua, Brazil this week into ‘irregularities’ at the port
- Nenaco struggling to repay debt
- Alaska cruise hits ice
- Wanted: marine claims professionals
- NOL posts massive rise in 1Q profit
- MOL posts healthy fiscal 2003
- Indian election blow for shipping
- Singapore weighs LNG option
- Sea Containers reveals ferry talks
- Owners express ISPS concerns
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| MAY 13, 2004 |
- Customs rolls back 'shipper' definition
Agency agrees to traditional terminology for bills of lading, ending spat that delayed new electronic filing rules.
- Higher rates push up NOL profit
Neptune Orient Lines Ltd.posted a sevenfold increase in first quarter net profit on higher freight rates and increased cargo volumes.
- Hapag-Lloyd earnings rise
- Union Pacific detours trains around New Orleans congestion
- SSA cited for truck waits in Oakland
- FedEx, UPS lose Astar appeal
- Norasia sets China-U.S. service
- House panel approves Postal Service reform
- U.S. to sign C. American trade deal
- Bill expands Coast Guard land authority
- Zoellick optimistic for WTO frameworks
- Waterways in desperate straits: Report
- Tropical expands Turks and Caicos service
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| MAY 13, 2004 |
- Shippers welcome China steel price drop
China’s efforts to cool its overheating economy has seen steel prices fall about 17% over the past six weeks, but the level remains 30% higher than last year.
- Titanic NOL earnings will lead to Titan order
APL will follow the lead of its alliance partner MOL and order super-post panamax vessels the company said in Singapore today.
- Hanjin's container index rises for the first time this year
- Taiyoung to launch North China/Busan service
- ‘In the zone’, DB cuts deficit and piles on the revenues
- Zhangzhou China Merchants Port achieves historical volume growth
- Defeat for BJP could end Indian privatisation projects
- K Line triples net income
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| MAY 13, 2004 |
- Alaskan ferry still stuck
Salvors drafting plan after tides frustrate fuel offloading.
- Exxon Valdez spill back in court
Fifteen years after the Prince William Sound spill judge rules that an oily mess is not debris.
- BIMCO nixes double-hull mandate
Ownership group believes bulk carrier initiative 'has to be stopped' as IMO takes up issue.
- TK rings a bell
The biggest of public tanker companies visits Wall Street to open Thursday trading on NYSE.
- Caspian cargo coup
Azerbaijan’s Caspian Shipping boosts volumes by 17% in first four months of 2004.
- Transfield-chartered OBO held
Port state control inspectors detained 14 ships last month.
- Tarquin fleet sale upheld
Condition of vessels sparks court room battle over $161m deal to sell eleven LPG carriers.
- MOL income rockets
Japanese owner Mitsui OSK Lines is bullish on liner and bulker trades this year.
- NOL rides the recovery
Singapore national flag carrier sees first quarter net profits increase eight-fold.
- Iino's earnings eroded
Japanese VLCC owner posted lower profits in the year to 31 March.
- K Line profit almost triples
Japanese owning giant rides high on Asia trade boom.
- Alaskan cruise ship hits ice
Another incident in the waters off the US’ most north westerly state.
- Mona Lisa takes mudbath
German cruiseship temporarily grounded outside Venice.
- Daiichi back on track
Japanese bulker and tanker owner returned to profit in year to 31 March.
- NYK opens in Korea
New sole agency company formed in Seoul to handle Japanese owner’s bulk business.
- Labroy sees record earnings
Shipbuilding and shipping both contribute to help lift profits 40% at Singapore listed firm.
- Hapag-Lloyd hits the heights
German container line’s profit is high point of tourism parent TUI’s poor first quarter.
- Jo can defer cash blow
Feds spread $19.5m fine over five-year probation period, agree not to target current executives as price-fixing probe continues.
- H&W shareholders revolt
Minority investors in Belfast yard protest over shares they cannot sell.
- Royal Olympic gets small
Embattled cruise line applies for "small cap" status to prevent Nasdaq de-listing.
- LPG carrier refloated
Salvors manage to refloat Panamanian-flagged gas carrier after it grounds off the Philippines.
- TFDS tumbles further
First quarter woe worsens with bigger losses at Norwegian ferry owner.
- Izar stung for $366m by EC
Spanish shipbuilder under threat after being ordered to repay illegal state aid.
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| MAY 13, 2004 |
- MOL, "K" Line double annual operating profits
- NOL lifts 1st-quarter profits with stronger container result
- Security bill grants more powers to U.S. Coast Guard
- U.S. gains authority to search Panamanian ships for weapons
- Norasia, Wan Hai, CMA CGM confirm launch of China/California service
- House committee endorses bill to prevent missile attacks on airliners
- Lufthansa narrows first quarter operating loss
- UPS to help companies discard electronics
- Pacer Cartage selects Trinium operating software
- U.S. posts record trade deficit
- U.S., EU confer on anti-terror strategy
- Schenker to open logistics centers in Shanghai, Beijing
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| MAY 13, 2004 |
- Shell wants to drill in Barents Sea
Shell wants to resume drilling in the Barents Sea, in particular off the coast of East Finnmark, according head of ...
- New ro-ro-service Finland-Russia
The TransRussiaExpress ro-ro-service from Lübeck to St Petersburg via Sassnitz and Baltijsk has been extended with one eastbound ...
- Tanker suspected of sinking of fishing vessel
SSG has learned that a product tanker now is suspected to have collided with the Latvian fishing vessel "Astrida", south ...
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