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Shipping News
- Throughput growth at PSA's foreign terminals soars 35%
PSA Corporation's overseas volumes ballooned 35 per cent in 2003 to surpass the 10 million TEU mark, bringing its overall handling result to 28.5 million TEUs after a record year at its Singapore terminals.
- APL, Pacific Int'l, Zim in talks for tie-up
SINGAPORE's two biggest container shipping lines, APL and Pacific International Lines are in talks to team up with Zim Israel Navigation in a joint venture service linking Australia and Asia.
- Volumes at Kwai Chung down 2.4% in December
CONTAINER traffic through Hong Kong's main port facilities in Kwai Chung fell for the seventh straight month in December amid rising competition from the cheaper Shenzhen port in south China.
- China Merchants to invest 1.6b yuan in Ningbo port
CHINA Merchants Holdings Co, the port and toll-road operating arm of China's communications ministry, signed a contract to invest 1.63 billion yuan in a port in the eastern Chinese city of Ningbo.
- Norwegian shipping magnate dies
NORWEGIAN shipping magnate Arne Naess Jr fell to his death while climbing in the mountains near Cape Town, police said yesterday.
Air and Land Transport
- US to classify air travellers according to security risk
THE US authorities are to classify all passengers boarding a plane at a US airport according to a risk scale, sparking the anger of rights advocates.
- Cathay to spend up to US$1.5b on new jets
- Thailand, China agree to unlimited flights
- Taiwan-China charter flights during Lunar New Year impossible: sources
- A380 test flights to start early next year
- China Southern's passenger count down
Features
- Preserving maritime resources for mankind
IN the days when ships were made of wood and by men of steel there was pride in craftsmanship.
Port Shots
- Port Shots
THE Yemen Ports Authority will extend the free storage period for container cargo at the Ma'alla container terminal at the port of Aden from seven days to 10.
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- HMM liftings rise 9.7 per cent in 2003
- HK remains top port in 2003 as Kwai Chung throughput rises
- K Line opens 15th China representative office in Changchun
- Wuhan to become central China logistics hub
- Group makes recommendations to improve SL ports efficiency
- Box growth boosts Marseilles' Fos 2XL project
- Emirates adds to Airbus fleet
- Japan Airlines details integration plans
- AA looks at non-stop, LA-Washington service
- Qantas boosts domestic capacity with more A330s
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- Tonnage tax vital for growth: Varun Shipping chief
- DGS set to make key changes in Contract of Affreightment policy
- India now largest supplier of soyameal to Far East
- IT exports projected to grow by 26 pc during 2003-04
- Edible oil imports may decline
- Canada may open trade centres in 3 Southern cities
- Container handling technology at CCT attains global standards - Fastest growing box terminal in South India
- Rlys freight exceeds target for April-Dec. 2003
- CMIE forecasts higher GDP growth at 8.2 pc for 2003-04
- Mineral production records 2.4 pc growth in Nov. 2003
- Customs, excise duty collections up by 9.3 pc in April-Dec. 2003
- Commerce Ministry formulating better deal for exporters
- Pak plans to give ‘MFN Plus’ status to India
- Birla Cellulosic wins IMC’s Bajaj Quality Trophy - Juran Medal for Ratan Tata
- Exclusive SEZ for financial services to come up in Mumbai
- West’s view of India changing: UK Editor
- Fieo meet sees promising market in S. Africa
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| JANUARY 14, 2004 |
- US East Coast softer, buyers holding back
- Pacific Northwest marginally softer
- 2nd Annual London Tanker Conference coming up
- US crude stocks at new record low, heating oil rose
There were plenty of surprises in this week's oil inventory data from the US. Commercial crude stocks fell to a new 28-year low according to the DOE, but heating oil stocks rose to stand well above year-ago levels.
- Global management reshuffle for EMMF
- Peninsula expands team and operations
Peninsula Petroleum announced the expansion of its team with an experienced trader today, and said turnover doubled in 2003. The company is confident of continued growth.
- Piraeus: Fuel oil gyrations continue as gas oil gains stall
- Saudi prices firm, loading delays at Red Sea ports
- Korea: Demand slows down as price increases pause
- Rotterdam slightly softer with crude
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- Wärtsilä moves production from Turku to Trieste
- Pilot under the influence
- Investor interest in Star Reefer
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- Boeing gets into marine communications market
Offers high speed, broadband communications service currently being adopted by leading international airlines
- Hawaii Superferry inks accord with Austal
Plans involve two 340 ft cats
- NCL newbuild damaged in storm
Pride of America grounded and listing at Lloydwerft
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- Seattle Port Commission names officers for 2004
- Portland port board eyes Troutdale Airport plans
- Clipper takes delivery of new handysize vessel
- Greenbrier sees improvement in first fiscal quarter numbers
- Hanjin orders larger vessels for China to Europe service
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- Three injured as Pride of America sinks
THE cruiseship newbuilding Pride of America at Bremerhaven-based shipyard Lloyd Werft partly sank during a storm on Tuesday night, causing one of the yard’s cranes to collapse on to a building.
- Wärtsilä to shutdown Turku production
MARINE engine major Wärtsilä Corp has cited weaker demand for large ship engines as a main reason for its decision to slash capacity by 33% and end production at one of its ‘home’ Finnish factories at Turku.
- Naess killed in climbing accident
NORWEGIAN multi-billionaire and former shipping tycoon Arne Naess fell to his death on Tuesday as he was climbing a mountain in South Africa while being watched by close friends, writes Jerry Frank.
- Eight new product tankers for Lasco
LATVIAN shipping company JSC Latvijas Kugnieciba (Lasco) has announced plans to order up to eight 51,800 dwt double-hull product tankers for delivery before the end of 2008 from Croatian shipbuilder 3Maj, writes Hugh O’Mahony.
- US set to probe Shell oil revisions
The US Securities and Exchange Commission is likely to start an initial probe into Royal Dutch/Shell’s overbooking and then slashing of its proven reserves.
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- Pride investigation hindered
THE investigation into the cause of the heeling over of NCL´s Pride of America at Lloyd Werft is being hindered by the scaffolding, which is covering the side of the ship
- Smit sells URS stake to Fairplay
SMIT International will sell half its stake in towage company URS to Hamburg's Fairplay Towage, which will secure the Belgian market for the two companies
- Boeing to offer broadband service
BOEING is to sell its high-speed, internet satellite broadband services to the maritime industry, in a move that will offer better tracking of vessels
- Polembros sues KPT for $6.5Bn
GREEK operator Polembros Shipping is to sue Karachi Port Trust for $6.5Bn in damages it has incurred since the 27 July grounding of Tasman Spirit
- Have your say!
IS it time to consider the formation of a separate passenger/cruise ship P&I club? Have your say to letters@fairplay.co.uk
- Senator seeks NY screening
NEW YORK Democrat senator Charles Schumer yesterday called for biometric screening of foreign arrivals at New York’s passenger ship terminal
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DFDS to carry more paper to UK
- US must reinvest tax money
- Pride of America now stable
- Diplomats tackle Erika request
- Columbia dredging wins approval
- Scottish yards take on teenagers
- Low cost airlines hit Dover figures
- Wilhelmsen laments Norwegian focus
- 500 go in latest Wärtsilä cutbacks
- Harbour craft asked to stay vigilant
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- L.A.-Long Beach calls up in 2003
Total of 3,005 container vessels called at the largest port complex in the U.S., a 10 percent increase over the previous year.
- Business praises call for Doha talks
Industry supports Washington's urging of WTO to restart free-trade negotiations.
- MTS study urges DOT leadership
- New box record for Marine Terminals Corp.
- Frankfurt cargo profits up
- Noted maritime lawyer Delich dead at 63
- Kelang port fee hike draws fire
- Port of Tacoma commission names president
- Superferry proposed for Texas-C. America
- Kwon new president of Total Terminals
- Dragonair expands Euro sales network
- Project exporters group elects officers
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- Charters up, but market ‘ain’t seen nothin’ yet’ say HR
The index is sharply up this week, especially in the mid-size(1,700TEU+) categories whose rates had eroded over Christmas, but the market ‘ain’t seen nothin’ yet,’ says broker Howe Robinson.
- Ofers accepted. Israel Corp reaches Zim settlement
Israel Corporation announced yesterday that it had completed the acquisition of the Government’s 48.6% share in Zim for around US$115million, subject to anti-trust approval.
- Hanjin to enhance Asia/Europe and Transpac capacity
- CBSA targets autumn 2005 for Canadian 24-hour rule
- IKEA Sweden-Duisburg trains to continue for now
- Samskip takes over Nedshipping Liner Agencies, expanding client list
- Crew and Port Authority to blame for Sealand Express grounding
- Owners warn security costs will force Australian rates up
- Transhipment boosts PTP to 31% throughout rise
- Altenwerder facility stats start first full year well
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- Cheniere options Alabama LNG site
Company clinches agreement with Atlantic for possible gas terminal.
- Nordic American profit triples
NAT says it has had recent approaches on its suezmax trio.
- Sam Delich dead
Rodeo riding maritime lawyer dies after heart attack.
- Thomson Holidays takes Noordam
Holland American Line to wave goodby to oldest ship after signing long-term charter.
- Mercator goes for stock issue
Indian tanker owner wants cash for fleet growth, while opening the door wider for foreign investors.
- Wilh Wilhelmsen orders car carrier duo
Scandinavian giant extends Eukor fleet with yet more newbuildings.
- Tankerska eyes repair yard
Croatian tanker owner considers bid to buy domestic operation Nauta Lamjana.
- Pride of America on the rocks
Storm leaves NCL cruiseship newbuilding grounded and listing at Lloyd Werft.
- Samskip buys Dutch boxship agent
Icelandic carrier hooks up with Nedshipping to boost Scandinavian and northern European business.
- Arne Naess dies in mountain fall
Friends watch as Norwegian shipping tycoon plunges 100 metres down rock face in South Africa.
- DFDS wins shipping contract
Danish owner to ship paper products in 10-year deal.
- Fesco trims passengership fleet
Russian boxship and bulker owner sells 1986-built vessel to Greek interests.
- Smit brings in partner at URS
Dutch salvage giant sells 50% of Belgian coastal operator to Germany’s Fairplay Towage.
- Wartsila shifts to Trieste
Finnish ship engine maker to lay off 480 staff and move production from Turku to Italy.
- Indian Oil Corp mulls shipping options
Chairman MS Ramachandran says company may buy tankers or play paper trades.
- NOL's Lim set to cash in
Finance director looking at a cool SGD1m paper profit after exercising company share options.
- A&P eyes newbuilding market
UK shiprepair group reaches agreement to use the ex-Cammell Laird newbuilding hall.
- Austal close to $150m US deal
Aussie fast craft specialist signs conditional agreement with Hawaiian inter-island ferry operator.
- PTP handles close to 3.5m teu in 2003
Malaysian container terminal reports year-on-year growth of 31% in annual box throughput.
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- Israel to sell 49-percent state share in Zim
- First U.S. Lines ship arrives at Long Beach
- Weak dollar prompts higher currency charge in Canada/Europe trade
- U.K. coastguard agency sets Jan. 31 deadline for security plans
- OSG files statement to raise up to $500 million
- U.S. Coast Guard prepares for dry cargo residue discharge actions on Great Lakes
- U.S. starts free trade agreement negotiations with Dominican Republic
- ITC starts second annual wool articles monitoring report
- IBS Logistics picks G-Log software to manage China services
- U.S. Commerce department calculates Canadian softwood lumber subsidy at 13 percent
- U.S. Agriculture department opens trade offices in Beijing and Manila
- GIPSA raises fees for certain product tests to cover operations costs
- U.S. Agriculture department denies trade help to Texas-based rice producers
- U.S. bans civet imports
- L.A./Long Beach vessel traffic recovers from 2002 dip
- Port of Le Havre sees 15% jump in box traffic
- U.S. Army Corps approves Columbia River channel deepening
- HHLA handled 4 million TEUs in 2003
- Seattle elects port officers for 2004
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