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| JUNE 14, 2004 |
Shipping News
- ISPS deadline seems an uphill task
WITH the clock ticking on the July 1 ISPS Code deadline, as much as three quarters of the world's shipping fleet and 90 per cent of world port facilities have not yet been certified, according to the International Maritime Organisation.
- Malaysia seeks closer cooperation to boost straits security
MALAYSIA hopes to work more closely with Indonesia and Singapore to boost anti-terrorist security in Straits of Malacca, the country's No 2 leader said.
- Indon navy storms tanker, kills 3 pirates
THE Indonesian navy said yesterday it had stormed an oil tanker held by separatists from Aceh province for a week and shot dead three of the hijackers.
- US rights plan gives Maersk US$32m subsidies a year
THE US Maritime Administration has granted Danish shipping group Maersk operating rights for 15 ships, securing the firm US$31.5 million a year in subsidies.
- Yemeni court adjourns trial in tanker bombing case
A Yemeni court adjourned the trial of 15 people accused of a raft of terrorism offences, including the October 2002 bombing of the French supertanker Limburg, for another week for want of defence lawyers, court officials said.
Air and Land Transport
- EU rejects US offer for 'open skies' deal
EUROPEAN Union transport ministers have rejected a current United States offer for a landmark aviation agreement and want further negotiations, European Transport Commissioner Loyola de Palacio said on Friday.
- Virgin eyes Asia but in no rush to catch Qantas
- British Air overnights Saudi-bound crew in Kuwait on safety concerns
- Airbus wins US$2b order for 20 planes from China Eastern
- Boeing signs deal with China parts suppliers
- Athens airport readies plan for Olympics
Dockyard
- Time to think about enforcing limits on sulphur emissions
RATIFICATION of International Maritime Organisation conventions can take a long time, even to the extent that regulations never come into force.
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| JUNE 14, 2004 |
- CSCL HK IPO raises US$985 million
- New bonded warehouse in Chongqing Port
- HIT handles 80 millionth container
- M+R Spedag receives `A-Class' licence
- Hong Kong, Shenzhen, PRD port facilities under review
- Hingorani to head Americas Systems' new product strategy
- Tradeport and Elcoteq sign `landmark' deal
- China Eastern to buy 20 A330s
- Delta to test new turbulence technology
- Austrian Airlines, Fair Inc to code share on ANA from Tokyo Narita
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| JUNE 14, 2004 |
- India well on way to conforming to ISPS code before deadline - Port users express reservations about certain minor requisites
- Rescue of stranded ship gets ‘green’ signal
- DGS asks seafarers to sharpen their skills
- India to seek greater market access at WTO meeting
- Gems export body aims higher
- Indian car parts for the Iranian market
- Libya lists areas for investment
- India enjoys $ 1.1 bn surplus in trade with China
- UNCTAD Secy-Gen sees major significance in India-Mercosur agreement
- Oilmeals exports surge by 160 pc
- Kerala draws up action plan to export flowers
- Port community EDI update
- E-filing of excise returns at Vizag Customs soon
- Penicillin manufacturers urge govt to regulate imports
- Commerce Secy to meet export councils’ chiefs tomorrow - 2004-05 target to be fixed
- National Calamity Contingency Duty remains in operation, clarifies CBEC
- AIAI chief opens handicraft fair at WTC, sees vast scope to market artefacts
- Interactive meeting with Taiwan team today
- Korea Trade Center office opened
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| JUNE 11, 2004 |
- Settlement reached in New Carissa saga
The frustrating and often unconventional efforts involved in preventing an even bigger bunker spill from the cargo vessel New Carissa took on comical qualities.
- Asia's biggest refinery to produce more HSFO in Q3
- South Korea's June HSFO exports seen dwindling
Refiners set to cut fuel oil exports this month due to turnarounds and weak regional margins, while persistent oversupply benefits bunker buyers.
- Baltic rises see demand fall slightly
EU tax regulations are causing some headaches for newcomers to the union, but Baltic suppliers have otherwise enjoyed a week of healthy demand.
- Raised demand growth forecast sparks new crude rally
Crude oil futures were showing significant strength yesterday as markets again rose sharply on news that the International Energy Agency (IEA) had raised its forecast for demand in 2004.
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| JUNE 14, 2004 |
- One day workshop on VAT in Switzerland
- TMM Lines upgrades website
- Australia releases new funding for transport
- FedEx instead of DHL to deliver for US Postal Service
- Railion Nederland says "open Betuwe Line sooner"
- No frills AirAsia closes contract with Cargo Counts
- A 7,500-teu newbuilding for Cosco
- Nova Traffic AG announces promotions
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| JUNE 11, 2004 |
- Spain gives UK 3 months grace on cruise ban
- First Olsen Tanker sales fail
- New Carissa saga neds
- CSCL public offering misses target
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| JUNE 11, 2004 |
- Another death in Mekka accident
Odfjell reports second fatality in NCC Mekka accident
- EC moves ahead on tougher marine pollution sanctions
The European Council has moved forward on a draft directive on ship-source pollution
- IMO stats shows ISPS compliance improving
But latest returns indicate there's still a long way to go
- JV orders Medmax LNG tankers for Sonatrach
One firm plus one option 75,000 cu.m vessels awarded to Universal Shipbuilding
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| JUNE 11, 2004 |
- Publishing firm first tenant at Kalama River Industrial Park
- Railroads close month of May with intermodal, carload gains
- Portland Spirit jet boat adding Astoria, Bonneville runs
- Carriers Ok tariff rule for scrap shipments to China
- Portland port commission Oks purchase of new reach stackers
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| JUNE 14, 2004 |
- MISC seeks $1bn to bolster takeover of American Eagle
MALAYSIA International Ship-ping Corp is launching a $1bn bond issue to refinance its purchase of American Eagle Tankers.
- MSC pays €1m bond in first for Spanish rules on places of refuge
SPAIN has put the most controversial element of its new rules on places of refuge into practice, asking for a financial guarantee as a pre-requisite to granting shelter to a ship in a Galician port.
- US Coast Guard takes hard line on class ISPS statements
THE US Coast Guard will not accept class society statements of compliance with the International Ship and Port Facility Security Code, according to communications seen by Lloyd’s List, writes David Osler.
- Slater slams Stelios as ‘out of line’ over Stelmar criticisms
This has caused OMI’s share price to be "fluffed up" in the recent tanker market boom, Mr Slater pointed out, adding that the price was half its present level a year ago.
- Pertamina cashes in on VLCC boom
PERTAMINA is cashing in on the high rates available for very large crude carriers and has reportedly struck a resale deal on two 260,000 dwt tankers now undergoing construction, with delivery due in the third quarter, writes David Osler.
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| JUNE 11, 2004 |
- Dredging ban threatens German yard
DETLEF Hegemann, owner of the Hegemann shipyard group in Germany, has threatened to close Peene-Werft in Wolgast unless the river Peene is deepened from 6.5m to 7.5m to allow the building of larger container vessels
- Government liable for PSC decision
THE Federal Court of Canada ruled that the country's government is liable for the negligent Port State Control inspection and detention of a foreign vessel
- Spanish port of refuge bond
Spanish authorities ordered a container vessel to pay a €1M ($1.2M) guarantee sum under its royal decree on ports of refuge
- P&O Ports opposes JNP contract
P&O Ports have urged the Indian government not to award the contract for construction of a third container terminal at JNP to Maersk-Concor
- Security help for poorer nations
AN Australian government report recommends developed countries help poorer nations adopt anti-terrorism measures to cut the public and private costs to individual economies
- Chennai strike exposes flaw
THE strike at P&O Ports-operated Chennai Container terminal, which ended a week ago, appears to have exposed a flaw in the India government's port privatisation policy
- LNG fuels Bureau Veritas growth
- More cranes for ECT Rotterdam
- New ferry terminal for Marseilles
- Prestige fuel extraction begins
- Containerships signs Teesport deal
- New Carissa settlement reached
- Guidelines for China scrap adopted
- Sea-Sentinel wins award
- GNV denies delisting
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| JUNE 11, 2004 |
- Jobs bill provisions could boost new investment in U.S. shipping
Ways and Means to consider legislation that includes tonnage tax, other options to help revive U.S. shipping.
- EU rejects U.S. open-skies pact
Transport ministers turn down U.S. offer that fell short of their goals for greater access to American market, the world's largest.
- New vessel largest-ever for Cosco
- Higher fuel charge for TACA lines
- Shanghai offers tax breaks to forwarders
- MSC's Florida port deal on rocks: Report
- MOL opens Manila training center
- Cocaine found on Stelmar tanker
- Malaysia Shipping plans $1B bond sale
- Port of Wilmington adds executives
- TPG buys Swedish logistics group
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| JUNE 11, 2004 |
- Investors are unimpressed by CSCL share offer
China Shipping Container Lines (CSCL) will only raise US$985million even though a number of tycoons will invest in it and initially the line had hoped to raise US2billion.
- Virginia seals three-year contract with CSCL
- Penang Port ready to go public
- German port rail shuttle takes aim at Central European truck cargo
- Cosco is first Chinese line to join super post-panamax club
- Port of Vancouver expanding box capacity
- Two German shipowners take delivery of panamaxes
- Singapore aims for rigorous application of security regulations
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| JUNE 11, 2004 |
- Remembering Reagan
Shipping stocks, Wall Street take time off on day of mourning for former US president.
- Second Mekka victim dies
Odfjell announces second fatality and says inquiry into tanker blast found "nothing wrong".
- Seabulk behind Bender-3 Maj deal
But prospects of US-backed tanker programme highly uncertain.
- Malacca Strait bypass plan
Thais revive idea of pipeline to cut sailing time and reduce risk of terrorism.
- Slater slams Stelios
Veteran shipping man says Stelmar board was right to reject 'overvalued' OMI, avoiding shipping version of AOL-TimeWarner fiasco.
- Sonatrach opts for Universal
Algerian oil-and-gas company orders one-plus-one Medmax LNG carriers at Japanese yard.
- Club walks from asbestos claims
American P&I mutual in controversial move to deny old occupational disease cover.
- Precious acquires more stock
Expanding Thai bulker owner has now spent just over $4m in share buyback programme.
- Statoil ups US LNG capacity
But ships for Norwegian LNG export project Snohvit could be looking for work as delays and costs mount.
- Pacific Basin listing to go ahead
Mark two version of dry bulk operator to hit the Hong Kong stock market this month.
- Stelmar faces pollution payout
Greek tanker owner ordered to pay $6,000 fine for spilling fuel in Los Angeles Harbour in 2003.
- New Carissa settlement
Owners of infamous ship agree to pay $6.5m in latest round of claim and counter-claim.
- MISC to kick off bond issue
Malaysia International Shipping Corp to start on roadshow in Singapore next week.
- Fire ravages Fair Mare
Three crew missing after fire breaks out in engine room of Greek handymax tanker off Oman.
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| JUNE 11, 2004 |
- China Shipping IPO raises less than expected
- Grand Alliance to reinstate Asia/U.S. East Coast service
- TACA's bunker charges take off
- U.S./Asia lines to require shipper certificates for scrap metal
- SEC to review Swift insider trading
- TPG moves into global forwarding with Wilson Logistics takeover
- USDA provides $36 million in food aid to Yemen
- FKI Logistex North America promotes Causey, Legg
- Americas Systems names Hingorani as general manager, products
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| JUNE 11, 2004 |
- No "Viking" submarines to the Danish Navy
The Danish Navy will terminate its participation in the inter-nordic submarine project "Viking". That became clear yesterday, when a ...
- Eleven LPG carriers taken over from Japan
Danish Lauritzen Kosan and Belgian Exmar have now worked out the terms of the purchase of the entire fleet of ...
- WWL/UECC cooperation possible
Closer cooperation between the global car carrier owner/operator Wallenius Wilhelmsen Lines (WWL) in Oslo and the shortsea operator United ...
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