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| MARCH 15, 2004 |
Shipping News
- Lack of infrastructure development could choke global trade
THE US and Europe 'urgently need' to invest in ports and land transport infrastructure to reduce chokes and avoid being swamped by the trade growth out of Asia, APL chief executive Ron Widdows has warned.
- HK box volumes up 7% last year on strong river trade
HONG Kong's container throughput grew 7 per cent to 20.45 million TEUs in 2003, boosted by strong increases in river trade and transhipment volumes.
- Philippine ferry captain blames blast for fire
THE skipper of a Philippine ferry destroyed by a deadly blaze that an Islamic militant group claimed responsibility for told investigators that he had heard an explosion and smelt gunpowder the night of the fire.
- French police team in China to inspect Philippine freighter
TWO French police officers have arrived in China to inspect the Philippine-flagged freighter Seattle Trader which is being investigated for a possible role in the sinking of a trawler which left five French fishermen dead.
Air and Land Transport
- SIA seeks more details on Boeing's 7E7 jetliner
SINGAPORE Airlines has asked Boeing Co for a specific proposal on the new 7E7 jetliner along with information on a potential purchase of 777s, aircraft industry sources familiar with the matter said.
- HK, Changi passenger traffic down in Feb
- Delta president to join Virgin's US project
- China's TravelSky posts 47% fall in profits
- China Airlines neglected tests on crashed plane
- Log Book
Liner Scene
- The significance of Mr Tanker's foray into box liner business
THERE has been a fascinating development at P&O Nedlloyd since it was announced that the Anglo Dutch container shipping giant would be spun off, and that in the process P&O would dramatically reduce its stake.
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| MARCH 15, 2004 |
- Hong Kong's cargo throughput up 10pc in Q4 2003
- Cosco launches direct service to Long Beach
- Singapore's throughput up 7.7pc in February
- China, Indonesia trade to reach US$15B in 2005
- Chongqing river port capacity to rise
- HK, Malaysia reach air services agreement
- Delta president headed to Virgin
- Frankfurt posts record numbers in February
- Butterfield promoted at UA
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| MARCH 15, 2004 |
- IPBCC announces westbound rate restoration
- Shipments of non-traditional items through Kolkata Port rise by 8 per cent
- Iron ore cargo should act as catalyst for chartering ships at Chennai Port, says Joseph
- Varun Shipping plans rights issue
- Poultry industry clucking again with orders galore pouring in
- India, Pak may join hands against EU curbs on basmati
- Tea industry brewing plans to tap Pak market
- EU lays down new anti-dumping rules for better transparency
- Pak keen to buy rice plants from India
- Mumbai Port’s box terminal project evokes lukewarm response - MbPT likely to extend bid date
- IA, Singapore in talks over JV for ground facilities
- CONCOR may opt for joint venture route to manage ICD-Birgunj
- Commercial credit growth up by 49.5 pc, highest in a decade
- EOUs demand all of SEZ concessions
- Industrial subcontracting has vast potential: Official
- Wheat exporters limit purchases as govt dallies on policy guidelines
- IDBI may provide $ 500-m ECB window for textile units’ revamp
- Industrial output grows 7.4 pc in January
- GDP growth rate may soar to 9 pc in 2003-04, calculates CMIE
- WTI plans Alumni Day on March 19
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| MARCH 12, 2004 |
- IFO180 premium stretched as players acquire cutter stock
Singapore players that reported steady upsurge in enquiries for prompt supply from the begining of the week continued today.
- Indian supplier expands facilities
M/S Global Fuels & Lubricants Inc announced today that it has expanded its infrastructural facilities by introducing a new barge to operate on the Western Coast of India.
- Rotterdam stable this morning
- High bunker prices prompt 'K' Line forecast revision
Higher than expected bunker prices in the fourth quarter fundemental in revision.
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| MARCH 12, 2004 |
- NOL denies acquisition talks
- Torm profit surges in 2003
- Brussels committee gets more power
- ISS in new take-over
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| MARCH 12, 2004 |
- U.S. salvors seek passage of stalled regs
Needed to create improved response capability
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| MARCH 12, 2004 |
- Portland District nets $194 million in president's 2005 budget request
- Rail freight traffic up in most areas for February
- CBP boss nets honor for government excellence
- Bellingham Coast Guard Station receiving new cutter SEA LION
- Stelmar Shipping receives two more double-hull tankers
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| MARCH 15, 2004 |
- ILO urged to delay biometric ID deal
PLANS to bring in biometric identification for more than a million seafarers worldwide are facing a huge hurdle, with the UK recommending that the International Labour Organisation puts on ice a tripartite agreement that has taken two years to negotiate.
- Princess Royal thanks Lloyd’s for charity work
HER Royal Highness, The Princess Royal paid tribute to Lloyd’s of London for its work with Save the Children at a reception at the Lloyd’s building in Lime Street, London.
- Festival prepares to reveal identity of mystery white knight
GENOA-based cruiseship operator Festival Cruises is preparing to play what promises to be its final hand in its battle to save itself from collapse. This is in the form of a new rescue plan backed by Greek and Italian banks and an investor whose identity is still unknown.
- Wallenius plans new generation of giant car carriers
SWEDEN’S Wallenius Lines is preparing to introduce a new generation of pure car and truck carriers, with a series of five ships to be lengthened into the biggest such ships ever built.
- Propulsion hitch forces Celebrity reshuffle
Celebrity Cruises intends to swap the itineraries of two sister ships, the Infinity and the Millennium , due to propulsion problems on the former, the operator has announced, writes Rob McKay.
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| MARCH 12, 2004 |
- Key West takes on cruise sector
RESIDENTS of Key West, Florida are protesting against the island's ever-rising flood of cruise visitors, with the group ‘Livable Old Town’ organising a parade of horn-honking cars that winded through the city's historic port area this week
- Cruise fears grows after Madrid bombing
THE possibility of Al-Qaeda involvement in yesterday's bombings in Madrid is raising concerns in the US about an impact on the cruise business in general
- P&O in livestock discussions
P&O is consulting with lawyers in Dublin to identify the period it needs to consult with its customers before it stops carrying livestock
- Dutch shipbuilding: sunset industry
DUTCH economic affairs minister Laurens Jan Brinkhorst says shipbuilding is a sunset industry that should not receive yard subsidies
- Mississippi collision: hearings end
THE hearing into the collision between the Zim Mexico III and an offshore supply boat ended yesterday in finger pointing by lawyers representing the vessels
- New buoys for Port-au-Prince
NEW buoys and other aids to navigation are being installed in the Port-au-Prince channel to help normalise ship traffic to and from Haiti
- Spain fears for cruise trade
- Italy defies Messina decision
- Jamaica upgrades protect trade
- Terror focus for Superferry probe
- Festival claims plan is accepted
- NOL scotches take-over talk
- Canberra to test karnal bunt wheat
- French fly out to Seattle Trader
- SSW head Jahncke slams Bremen
- THC list still needs clarification
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| MARCH 12, 2004 |
- Terror attack kills 11 at Israel port
Bombings at heavily-guarded Ashdod first port attack amid Israeli-Palestinian violence.
- Senate boosts funds for port security
Budget amendment for homeland security adds $275 for port security grants.
- Loss for Hyundai Merchant Marine
- Coast Guard gets $7.9B in funding
- Port of LA approves revised settlement in terminal suit
- CN presents improved offer to striking union
- Trans-Pacific lines to discuss terminal handling charges
- Maersk unit expected to manage India terminal
- Canada's Fraser port expands capacity
- Plans set for Denver multimodal hub
- Interpool completes $80 million in new financing
- Coast Guard unit returns from Kuwait duty
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| MARCH 12, 2004 |
- Port reaches settlement with LA residents on CSCL terminal
Port of Los Angeles (POLA) reached an agreement in principle with environmentalists yesterday that paves the way for the stalled new China Shipping Container Lines (CSCL) terminal to start operations.
- Carriers eye cargo-windfall from cancelled Maersk service
The cancellation of Maersk Sealand’s (MSL) Liverpool Express has left other carriers assessing the potential for a cargo-windfall from the cancelled UK-Med service.
- Carriers ready to debate THCs with Asian shippers
Pacific shipping lines have formally entered into discussions with shipper organisations over the imposition of terminal handling charges (THCs) the Transpacific Stabilization Agreement (TSA) announced yesterday.
- CN puts 'enhanced offer' to striking union
- Republicans rebel over 2005 seaport funding
- River-traffic boosts HK to higher-than-expected 2003
- HK immigrant smugglers thwarted
- San Antonio posts strong 2003 results
- April launch date set for CMA CGM's latest intra-Europe loop
- Vancouver’s neighbour boosts annual capacity
- German rail expands Frankfurt box facility
- Cape Town cranks up productivity-drive
- Conliner reorganises Rotterdam connections
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| MARCH 12, 2004 |
- Viken orders two aframaxes at Samsung
Newbuilds backed by long-term charters to TotalFinaElf.
- European Vision sale go ahead
Festival Cruises hopes for deal with banks as Galbriath's moves to auction ship.
- BMI up and running again by May
Bankrupt US shiprepairer finally sold to investment firm plotting a renaissance.
- Ukrainian ports support Blasco
National port authority to contribute to fund designed to revive shrunken liner operator.
- Moby buys into Strade Blu’s ro-ro plan
Italian ferry owner snaps up stake in compatriot owner’s coastal terminal subsidiary.
- Korea opens the door to foreign crews
Domestic labour shortage means work opportunities on Korean coastal vessels.
- STX profit dips in 2003
Korean shipbuilder drives up revenues, but can’t match 2002’s earnings.
- Another two for Stelmar
Brace of new tankers keeps company on course.
- OMI forecasts growing profit in first quarter
US tanker owner predicts doubling of earnings per share to 31 March.
- NYK denies 'Spring Drake' link
Japanese giant claims victim of mistaken identity in pollution case.
- CSAV doubles its money
Chilean container line Compania Sud Americana de Vapores enjoyed a strong 2003.
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| MARCH 13, 2004 |
- NOL denies imminent acquisition as stock price falls
- P&O Nedlloyd turned down takeover offer
- Mixed financial results at Hyundai Merchant Marine
- Transpacific lines seek to clarify basis of THCs
- Southwest Airlines Cargo adds sales managers
- Kuehne & Nagel acquires CAT Overseas Logistics
- Crowley Logistics adopts truck dispatch software
- USDA's draft soybean rust import study available for comment
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| MARCH 12, 2004 |
- Color Line orders two new ferries
The Norwegian car/passenger ferry operator Color Line orders two new ferries at European yards with scheduled delivery in 2006 ...
- Ferry operator in red
Mols-Linien, the Danish ferry operator, reports a DKK 61 million (EUR 8.2 million) deficit for the financial year 2003 ...
- Odfjell to build jack-up rigs
Odfjell Drilling is to order a series of jack-up rigs at the Keppel Fels yard in Singapore. Such rigs ...
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
