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| FEBRUARY 16, 2004 |
Shipping News
- PSA to invest 300m euros in new Antwerp terminals
PSA Corporation will invest more than 300 million euros in its new terminal concessions at Europe's second busiest container port, Antwerp, and in return will gain an additional 3.75 million TEU capacity in the fast-growing Northern European market.
- IMO adopts convention to stop spread of harmful organisms
THE International Maritime Organisation formally adopted the 'alien invaders' convention aimed at preventing the spread of harmful aquatic organisms carried in ships' ballast water, at the close of its ballast water conference on Friday in London.
- Indon navy sinks hijacked vessel
AN Indonesian warship sank a boat that had been taken over by gunmen in the Malacca Strait near the maritime border with Malaysia.
- Thailand's box traffic forecast to rise 6.6%
THE Port Authority of Thailand, which manages the country's two biggest ports, said container traffic may rise 6.6 per cent in the year ending Sept 30 because the Southeast Asian nation's expanding economy has bolster imports and exports.
Air and Land Transport
- AirAsia ready to slug it out with SIA
BUOYED by the success of his one-month-old venture in Thailand, AirAsia founder and chief executive Tony Fernandes is brimming with confidence as he slugs it out with Singapore Airlines to establish the region's leading low-cost carrier.
- Ryanair taking no-frills flying to new heights
- Indian Airlines to hire 139 pilots
- Shenzhen Airport in talks with HK Airport Authority
- Garuda to launch flights to KL, S'pore
- THAI's Q1 profit forecast to rise 35%
Ship Sales
- SHIP SALES
PRICES are firming even further, with newbuilding Panamax bulkers, delivery 2004, being offered US$43 million, with handymax bulkers now seeing in excess of US$35 million and a re-sale Capesize bulker, delivering from Daewoo in September 2005 reportedly sold at around US$60 million.
Liner Scene
- Signs of warning amid soaring freight rates
IT has been an interesting fortnight. The biggest news was undoubtedly the flotation of P&O Nedlloyd, effectively heralding the exit of the UK's P&O group from major involvement in liner shipping.
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- Lykes to offer new sprint across the Pacific
- Year of Monkey discount for GETS customers
- APL to launch direct Indian Subcontinent express service
- Dayao Port's throughput jumps 32pc in January
- Malaysian ports to bear extra security costs
- Hamburg Sud acquires Venezuelan trucking company
- WFS, Bangkok Airways win concessions at new Bangkok airport
- China airport construction fees officially discontinued
- Streamling helps improve BA's Q4 results
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| FEBRUARY 16, 2004 |
- DCI public offer slated for Feb. 26
- Safmarine reaffirms commitment to trade in South India
- GE Shipping wins insurance case
- MoS to look into restoring trusteeship on boards of Major Port Trusts to shippers’ associations
- Curbs on import of capital goods for service sector removed
- Pact signed to import 1 lakh bales of cotton
- EU concedes slapping embargo on Indian garments cargo as retaliatory step
- Korean rubber to attract dumping duty
- Exports to Russia increasing: Coffee Board
- Apparel exporters upset by DEPB rate cut
- MbPT extends VRS till Feb. 29
- Cochin Port workers defer strike plan
- IBA package brings cheer to tea industry
- Tyre manufacturers unhappy over DEPB rate cuts
- Surge in capital goods imports points to hectic industrial activity
- Revenues from IT, ITES projected to jump to $ 62 bn by 2009
- Sales tax on LNG cut by 8 pc in Gujarat
- DEPB rate reduction will not harm steel exporters, say industry experts
- Wheat stock in Central pool to cross 20 m tonnes
- Convocation of Narottam Morarjee Institute of Shipping held
- AMA launches Centre for International Trade
- Fieo signs MoU with Irish exporters’ body
- Amendment to plant quarantine norms upsets pulses trade
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| FEBRUARY 13, 2004 |
- IBIA announces November bunker conference
- World Fuel Services takeover bid speculation grips market
The international bunker market was today gripped by speculation that Miami-based marine fuels marketing giant World Fuel Services Corporation (WFS) is poised to announce the acquisition of United Kingdom-based global supplier and trader Tramp Oil.
- Baltic supplier expands activities
Latvian bunker supplier OVI Ltd., which supplies marine gas oil (MGO) in Riga and other ports in the Riga Bay, is expanding its activities with a recently acquired product tanker and the return of a former employee.
- Bullish and bearish numbers give Baltic a mixed look
In general the indications in the Baltic region were a mix of bullish and bearish numbers today, depending on the area. After prices rose steadily in most cases for the best part of a week on the back of crude, some ports saw falls today, while other grades in other ports either maintained previous levels, or continued rising.
- South Africa: Cockett Marine Oil enters joint venture
Cockett Marine Oil announced today that the company has entered a joint venture agreement with the influential Mvelaphanda group. The company will be primarily concerned with the marine fuels and lubricants industry in South Africa, however there are plans to expand into other areas on the African continent.
- Arctic conditions cause havoc to bunkering in Black Sea and Med
Severe winds, snow, and sub-zero temperatures disrupted bunkering today in an area stretching from the major Black Sea port of Novorossiysk in the east and as far west as Piraeus, Greece today. Winds of 70 miles-per-hour (mph) forced workers to stay at home in the key Turkish bunkering hub of Istanbul.
- Peninsula announces new supply manager
- Replenishment on way as East Asia avails tighten
One Singapore trader told Bunkerworld today: "High viscosity products are heading to Asia from Europe, but will probably end up in Korea, Japan or Hong Kong and not Singapore."
- Piraeus deliveries halted as Customs get snowed in
Bunker nominations have been suspended in Piraeus until next week. Following heavy snowfalls in the port, many offices had to close, including the customs office.
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| FEBRUARY 16, 2004 |
- Security Expo Asia 04 grabs international attention
- Jordan Customs Department starts e-payment service
- Implementation of new USCS regulations postponed
- SDV International Logistics lends a helping hand for Valentine's Day
- Intercontainer Austria introduces more new blocktrains
- Orly and CDG Roissy report encouraging turnaround in air cargo volumes
- WACT Terminal at Onne closed to incoming vessels
- Rotterdam Representative in Russia
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| FEBRUARY 13, 2004 |
- High freight rates boost Japanese lines
- Liberia flag cash pays civil servants
- ISPS "means review of all ship-related contracts"
- "K" Line (Europe) orders capesize bulker
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| FEBRUARY 13, 2004 |
- Rail freight picture has good month in January
- Hamburg Sud buys Crowley Logistics de Venezuela
- Decision in the works for Royal Olympic Cruise Lines
- Port of Portland gives awards to top airport tenants
- Manitowoc lays keel for new Coast Guard cutter
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| FEBRUARY 16, 2004 |
- Owners’ dismay as IMO reaches ballast water agreement
NEGOTIATIONS to regulate ballast water management by international convention bore fruit on schedule on Friday, but immediately ran into withering criticism from the shipping industry.
- NOL denies acquisition tale that sent shares tumbling
NEPTUNE Orient Lines of Singapore has denied it is about to make a large acquisition following an investment analyst report that triggered a 3.2% share price plunge on Thursday.
- K Line’s European arm orders first newbuild
THE recently formed K Line (Europe) bulk shipping division has placed its first newbuilding order, for a 185,000 dwt capesize ship to be built at Kawasaki Shipbuilding Corp in Japan, writes Janet Porter.
- Liberia is first in queue to join US WMD prevention programme
LIBERIA has become the first country to sign up to a US programme designed to stop the maritime transport of weapons of mass destruction.
- Cargoship sinks as blizzards hit Balkans
UP TO 20 seafarers were missing on Friday after a general cargoship sank off Istanbul, as blizzards caused severe disruption to shipping in the Bosporus, writes David Osler.
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| FEBRUARY 13, 2004 |
- Spanish yard unions agree to talks
THE Spanish government and unions representing shipyard workers agreed to open a new round of talks today, Fairplay has been told
- Virus hits 200 on Carnival ship
THIRTEEN crew members and 185 passengers on board Carnival cruise ship Celebration have been stricken with a virus, according to the Centers for Disease Control
- Dutch launch Caribbean link
DUTCH shipping group Vertraco Shipping is to start a new regular liner service between northern Europe and French Guiana later this month
- Teesport put on the market
TEESPORT, the UK’s second largest port, is being sold with a reported asking price of around £500M ($945M) by Nikko Principal Investments
- DML buys Appledore
APPLEDORE Shipbuilders has a future from today after DML confirmed acquisition of the yard at an undisclosed price
- Indian ports to slash box charges
- Spanish dockers delay strike action
- UASC vessel fined for polluting
- Capesize in search of yacht
- Murmansk strikes deal with Norilsk
- Seafarer missing after collision
- Iraq's ports await fresh bidding
- Jakarta port workers threaten strike
- PTP wins high level applause
- OSG posts highest-ever earnings
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| FEBRUARY 13, 2004 |
- NLRB seeks Evergreen union talks
Labor board asks federal court to order carrier to bargain with International Longshoremen's Association.
- Virginia plans port-wide chassis pool
Hampton Roads program would be first of its kind.
- EU airlines want full "open skies"
Carriers urge rejection of limited liberalization of trans-Atlantic passenger and cargo services.
- Senate passes highway spending bill
- No Doha deal this year, says former USTR
- U.S. import ban to halt spread of bird flu
- IMO agrees on ballast water laws
- CN chief sees Vancouver alternative
- Ross named FedEx Express CFO
- Tianjin expands box capacity
- P&O Nedlloyd, NYK add New Zealand call
- Solid recovery for Cathay
- Corpus Christi creating jobs, revenue
- Georgia ports seeking COO
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| FEBRUARY 13, 2004 |
- USWC terminals dodging the queues
Local trucking groups have accused terminals at Los Angeles/Long Beach of dodging their requirement to cut queues outside the gates by shifting queues inside the terminals, winding around the stacks.
- Railion Germany ‘must make up its mind’ in search for Austrian partner
Railion Germany (RG) ‘has no time to lose’ in its competition with road, and is open to partnerships, possibly extending its network towards southeast Europe through an alliance in Austria.
- US and Liberian officers cleared to seek WMDs aboard each other’s ships
- Maut debacle jeopardises Betuwe Line - Ruhr link-up
- US battle over transport funds intensifies with Senate vote
- MCL adds capacity to Vostochny services
- Hutchison facing possible strike at Indonesian terminal over port status
- Spanish strike called off after labour negotiations take ‘good direction’
- US rail end Q4 on high, but future growth faces challenges, say IANA
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| FEBRUARY 13, 2004 |
- IMO declares war on ‘bio-invasion’
Treaty signed to prevent harmful transfer of organisms in ballast water.
- OSG bond issue prices at 7.5%
Company takes advantage of continuing rude health in bond markets.
- Forbes warns of LNG ‘nimby’ problem
US business oracle singles out BG group for its ‘cooking’ LNG strategy.
- K Line (Europe) orders capesize
London-based arm of Japanese giant starts to build up its own fleet.
- Greek master guilty of drink-drive charges
Captain banned from US waters for one year after incident on Marmaras ship.
- Knightsbridge confirms TI charters
Three VLCCs fixed out, two will play spot ... for now.
- Liberia makes a stand on WMD
Ship register signs up to US initiative aimed at stopping spread of weapons by sea.
- Shipyard profits slip at Manitowoc
Great Lakes yard group had a tough 2003, but prospects are more encouraging this year.
- Cargoship sinks in Black Sea
Twenty crew missing one found after vessel goes under in severe storm.
- CMA-CGM looks to China
French container line set to add to newbuilding orderbook at Dalian.
- India mulls Gulf passenger line
Cochin port could launch service to Middle East if Air India fails to cut prices.
- Bulker crackdown nets few ships
Results of Tokyo MOU's three month concentrated inspection campaign described as "encouraging".
- TMM warns bondholders
Mexican owner wants support for bond swap - or bankruptcy filing is likely.
- OOIL to raise $154m
Hong Kong-listed boxship owner pulls in cash to finance big newbuilding projects.
- Toei Reefer chases profit
Japanese reefer line needs a strong fourth quarter to equal last year’s earnings.
- Coscol seals $12m business
Cosco’s Shanghai-listed ro-ro and heavy-lift arm signs up for offshore work.
- STX confirms Hansa Treuhand deal
South Korean shipbuilder inks potential four-ship boxship deal with German investment house.
- EU demands release of Tasman Spirit crew
Members of European Parliament say detention of Greek and Filipino sailors is "unacceptable".
- Daewoo Securities upgrades HMD
Better than expected results prompt investment house to raise shipbuilder's target price.
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| FEBRUARY 13, 2004 |
- NYK reshuffles senior group management
- NOL's stock recovers after acquisition rumor
- China Shipping, Norasia end Pacific Northwest/Asia pendulum service
- Liberia grants U.S. search authority on registered vessels
- U.S. agencies coordinate on LNG terminal, ship safety review
- New niche carrier on Europe/French Guyana/Surinam route
- Markey re-introduces legislation for air cargo screening
- Kinko’s joins FedEx
- Inland waterways proponents already see Corps slowdown
- Hamburg Sud acquires Venezuelan trucker
- USTR plans to start free-trade negotiations with Thailand
- U.S.-Vietnam bilateral trade increases, problems persist
- AFB chief: U.S., EU must stand together on ag issues in WTO
- N.D. wheat farmers: WTO report "puts another chink" in CWB's armor
- USDA continues cotton promotion program unchanged
- USTDA offers $602,450 grant for Southern African supply-chain security
- Mich. fishermen, Ariz. shrimp producers file for USDA trade help
- Fighting in Haiti stalls food-aid shipments
- USDA names Atlanta; Agana, Guam plant inspection stations
- RedPrairie acquires LIS in Europe
- Menlo adds RFID service
- Sen. Murray decries Bush administration port security funding
- Seattle's box traffic up 3% in 2003
- Second ship calls at underutilized Ceres Paragon terminal
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| FEBRUARY 13, 2004 |
- Planned merger of Norwegian ferry companies
Møre og Romsdal Fylkebåtar - Norway’s biggest domestic ferry company - is likely to merge with Fylkesbaatane under the brand name Fjord1 ...
- Klavenes buys "Envik"
Finnish cement manufacturer Finncement has sold its cement carrier "Envik" to Norwegian Klavenes. The vessel will change name to "KCL ...
- EMSA welcomes new tasks
The European Maritime Safety Agency, EMSA, welcomes the Parliament decision to give the agency new tasks and responsibilities. EMSA will ...
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