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| MARCH 16, 2004 |
Shipping News
- Maersk-led consortium tops in Indian port bid
THE Maersk-Concor consortium vying for the plum concession to develop and operate a new 10 billion rupees container terminal at India's booming Jawaharlal Nehru Port has trumped three other contenders, including PSA Corporation.
- High-level Aussie meeting reviews transport security
AUSTRALIAN Prime Minister John Howard called an emergency conference of the National Counter-Terrorism Committee yesterday specifically to address transport security, but rejected opposition calls to set up a US-style homeland security department to counter terrorist threats.
- China Shipping unit plans HK listing
THE container shipping arm of state-run China Shipping has applied to the Hong Kong exchange to launch an initial public offering that sources have said would be worth up to US$2 billion.
- French team examines Philippine freighter
TWO French police officers accompanied by Chinese police on Sunday began examining a Philippine-flagged freighter suspected of a possible role in the sinking of a trawler which left five French fishermen dead, a diplomatic source said.
- Platform for global players to reach out to Asia-Pac
CHINA, Germany, Norway, South Korea and the United Kingdom, together with host country Singapore, are among the traditional seafaring nations with substantial interests in the maritime industry that will put up 'national pavilions' at the Asia Pacific Maritime 2004.
- A networking opportunity for British companies
THE British Marine Equipment Association will lead the UK contingent to the Singapore show.
Air and Land Transport
- Clouds over transatlantic open skies agreement
US airlines and passengers hoping for a deal to open vast markets on both sides of the Atlantic were disappointed last week when European Union transport ministers rebuffed US terms.
- Emirates sees good growth this year
- SIA Cargo to increase services this month
- Skymark narrows Q1 loss by a fifth to 260m yen
- Thai Airways revises flight schedule
- Tito's plane to join Indonesian airline
Bulletin Board
- Bulletin Board
CLASSIFICATION society ABS has named Todd Grove president of its ABS Americas Division from May 1, replacing Robert Kramek who will assume the role of president and chief operating officer of ABS.
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| MARCH 16, 2004 |
- Case closed on shipping terminal lawsuit at Port of LA
- China's foreign trade up 35pc over first two months of year
- IMO hosts ISPS code progress conference
- Senator wins gong from Canadian fowarder group
- Maersk sets sail for Oman from India
- Cargo exports from HKIA rise in February
- PAL launches Las Vegas service
- PIA steps up Bahrain flight frequency
- Canada to spend US$23M on airport safety this year
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| MARCH 16, 2004 |
- A.P. Moller - Maersk Group signs 50th contract for China-built vessels
- Senator Lines to participate in UASC’s new Asia-Gulf service
- Singapore takes new steps to boost maritime industry
- Yang Ming to use bigger vessels on transpacific service
- RCL sets box handling record
- CSXYT launches addl China-Japan service
- OOCL christens new ship
- IRA rates to rise
- Ministry of Shipping asks INSA to draft policy on tapping offshore resources
- Samudera Shipping Line opens its office in Mumbai
- Vegetable oil importers irked by DGS age norms on tankers
- India to seek ad valorem duties on farm products at WTO panel meeting
- Cashew processing sector growing at 8-10 pc per annum
- Sugar industry eyeing Chinese market
- Auto industry wants cars, CVs excluded from FTA with Mercosur
- Indian mangoes set to tickle Chinese palates
- Tyre exports zoom by 21 pc in January
- BCHAA office inaugurated at JN Customs
- RCF has designs on export market
- Railways hauls record freight
- Forex reserves up by $ 685 million to $ 1,08,360 million
- Excise revenue target pegged at Rs 92,000 cr.
- Forex kitty swells by $ 772 million
- GDP may grow at 7.5 pc during 2004-05, says Icra
- SEAI’s scheme on monitoring origin of seafood products
- National foodgrain storage project gets govt nod
- Canada to implement advance cargo reporting from April 21
- IMC Juran Quality Medal 2003 presented to Ratan Tata
- State economic policy summit on March 24
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| MARCH 15, 2004 |
- OPEC set to cut Q2 oil supply despite 2004 demand growth
OPEC officials also helped boost oil prices today after several ministers said that the group will cut supply with effect from April 1 as planned. The latest comments undermined previous market speculation that the group may choose to defer cuts due to high oil prices and demand growth.
- Egypt: Market soft, Port Said awaiting gas oil
A softening trend on the Suez Canal seems to have muted enquiry levels. Meanwhile, Port Said awaits gas oil replenishment.
- Fair start to Istanbul's week
- Brazilian market update
- Latvia's OVI takes over SEB trading activities
St.Petersburg bunker trader and supplier SEB Company to close over coming months as second trader in month leaves for OVI Ltd.
- US Senate move to improve US oil supply
The US Senate wants to stop further crude shipments into the nation's Strategic Petroleum Reserve. The move could help boost commercial oil inventories.
- Barge avails start the week tight in Gibraltar
- Regional No.1 tag to be well guarded, warns minister
Singapore's traditional strengths of oil trading, bunkering and refining not to be relinquished to regional challengers.
- Rotterdam steady at midday
- Ashdod supplies continue 'as usual' after bombings
"We are still taking enquiries for IFO," says supplier.
- China's Guangdong terminals prepare to meet demand
China's insatiable appetite for fuel oil will be further satisfied this week as two new oil product terminals reach a new stage in development.
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| MARCH 15, 2004 |
- Traxon and LH Cargo improve integration of customers in Track-It
- Talks on EU toll directive collapse
- New Zealand Post and DHL in talks on joint venture
- Rhenus PartnerShip Duisburg cooperates with CSPL, a.s. Decin
- Greek government re-examines security precautions
- Sinotrans and Rickmers-Linie extend cooperation
- Gallozzi returns to Assotutela
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| MARCH 15, 2004 |
- UK doubts on biometric ID "will be sorted out in a couple of weeks"
- OMI orders 7th ice class tanker
- US salvors slam slow implementation of salvage rules
- PONL revamps shipper software
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| MARCH 15, 2004 |
- MSC places two ship order with Alstom
Two 3,000 passenger vessels plus option for third
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| MARCH 15, 2004 |
- New manufacturing consortium eyeing Port of Vancouver, USA land
- Coast Guard cutter ACUSHNET celebrates birthday with award
- Portland International Airport celebrates four Oregon gardens
- Port of Longview will partner on Castle Rock public boat launch
- US Bankruptcy Court pulls Royal Olympic's Chapter 11 status
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| MARCH 16, 2004 |
- Alstom Marine yard hails its pioneering new cruiseships
ALSTOM Marine promised yesterday to break new ground with an order it has received from Mediterranean Shipping Co for two 1,275 cabin cruiseships and a third on option.
- Royal Caribbean mulls damages rise in wake of Infinity
ROYAL Caribbean is mulling whether to increase the $300m damages it is seeking from Rolls-Royce and Alstom after pod problems on Celebrity Cruises’ Infinity dented its profits by $0.02-$0.03 per share, the Miami company said yesterday, writes Rajesh Joshi in Miami.
- Bonds may fund China Shipping fleet expansion
CHINA Shipping Development is considering issuing convertible bonds to finance its fleet expansion, although no firm decision has yet been made.
- Bombs spark IMO ISPS urgency call
THE Madrid train bombings make rapid adoption of the International Ship and Port Facility Security Code all the more urgent, the head of the International Maritime Organization stressed yesterday.
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| MARCH 15, 2004 |
- Celebrity hit by Mermaid repairs
AS Celebrity Cruises pushes forward with its multi-million-dollar lawsuit against the manufacturers of its Mermaid pods, the propulsion system continues to hit parent Royal Caribbean’s bottom line
- Airbus keeps Liverpool option open
AIRBUS is considering the use of Liverpool as an alternative to Mostyn if the UK Environment Agency continues to block essential maintenance dredging there
- IMarEst hears case against turbines
CONSERVATIONIST Prof David Bellamy has challenged marine engineers to become problem solvers not problem makers
- New port complex in Bohai
A NEW deepwater port for ore and crude oil is to start taking shape at Caofeidian island in the Bohai Gulf, according to Chinese state and Hebei provincial plans
- Thames turbines in safety fear
A proposed wind farm development in the Thames estuary would impede safety of navigation in Port of London's access channels, it was claimed today
- Marina warns over Seattle Trader
INSPECTIONS have been carried out on the bulk carrier Seattle Trader in China in an effort to discover whether the ship hit and sank a Breton trawler
- Boxship rise nears plateau
- Now HDW fears cruise ship curse
- MSC order relief for Chantiers
- Access to Richards Bay opened
- Sulpicio strikers seek intervention
- Smit wins Bow Mariner contract
- MISC to raise $2Bn for expansion
- Indian ports use it or lose it
- Upgrades at Fraser River
- Whale concern threatens Shell plan
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| MARCH 15, 2004 |
- Bill would tighten rail security
The Senate will consider legislation to beef up anti-terror measures after commuter train bombings killed more than 200 people and injured 1,500 others in Spain (left).
- Gain for Hong Kong containers
Total cargo traffic increased by 10 percent to 55.3 million tons in the fourth quarter of 2003.
- Canadian National, rail union reach agreement
- Baucus in Japan to discuss beef ban
- CSXT names Ingram as COO
- Union Pacific to open Tucson IM terminal
- Agreement between U.S., Emirates
- Dragonair to buy freighters
- Georgia-Pacific selling building materials distribution
- Texas site readied for SSA hub
- RailAmerica splits chairman, CEO posts
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| MARCH 15, 2004 |
- Sre Ambel offers competition for capital cargo through Sihanoukville
Sihanoukville, currently Cambodia’s only container facility, will soon come under pressure from southern port Sre Ambel which will open with a stated aim of taking cargo from the capital’s terminal.
- Senators and Administration haggle over US security budget
- Ten dead as Palestinians hit Ashdod Port
- Quarantine fees slashed for Australian importers
- Shippers and Hutchison in talks over UK security charge
- CN reaches tentative new deal with striking union
- OTAL completes Angola Shuttle offering
- Military activities hinder Gulf operations
- Most foreign lines record negative growth in Kolkata Port
- Cosco charters another three 8,500TEU
- E-rationalisation smoothes Panalpina’s customer links
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| MARCH 15, 2004 |
- Port workers haunted by old crimes
US longshoremen may lose jobs under new security regime.
- Norden makes $22m newbuilding killing
Disposal of early delivery handymax boosts 2004 profit forecast to $250m.
- BHP says iron ore, coal to boom
Mineral mammoth expects steel boom to go on as coking coal starts to feel squeeze.
- Demolition prices stay hot
Bangladesh breakers pay over the $400 mark for suezmax tanker.
- MSC orders cruiseship duo
New LNG and passengership deals breathe life into ailing French yard.
- V.Ships founds AL Ships
Shipmanager teams with finance provider to spearhead German KG drive.
- Lower rates don't worry Torm
Tanker market may soften but lower breakeven levels protect profits.
- Master fined for driving in wrong lane
Captain pleads guilty to offence in Dover Straits traffic separation scheme.
- Dry cargo dividend for Norden
Shareholders to get ten fold increase in payout after record year.
- Sakhalin inches ahead on gas sales
New customer signed up for Russian LNG while newubilding bids continue to be assessed.
- Cruise trouble hits RCCL
Drydocking to repair Infinity’s propulsion system will hit cruise line’s earnings.
- Fesco in rail tie-up
Russian boxship owner to form joint venture with Russian Railways.
- Grimaldi targets Cuba
Italian ferry operator wants to link Florida with Havana, using two GNV ships.
- Mercator bags $32m BG contract
Indian owner in five-year deal for storage tanker.
- NYK man steps down at Stolt-Nielsen
Veteran Hiroshi Ishikawa leaves tanker owner’s board after two stints since 1995.
- Dynacom inks in second LNG ship
Greek owner George Procopiou grows 'speculative' gas play.
- Bow Mariner crew face grand jury date
Charges expected after subpoenas issued for hearing next week.
- Norfolkline adds third ro-pax
AP Moller-Maersk unit declares option for another 780-passenger ferry at Samsung in Korea.
- Huge earnings hike for CSDC
Chinese tanker and bulker owner capitalises on strong domestic oil demand in second half of 2003.
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| MARCH 15, 2004 |
- D/S "Norden" logs record-profit for 2003
D/S "Norden" of Copenhagen played their cards right in 2003. Bulk carriers were chartered in to rate levels below ...
- Statoil ses LNG expansion in the North
Statoil plans to expand the LNG processing at Melkøya and build a brand new LNG facility in Finmark if more ...
- Gotland bribery case in Court again
Today, the court proceedings in the bribery case involving employees of Rederi AB Gotland and supplier Rolls-Royce commenced in ...
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