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| APRIL 16, 2004 |
Shipping News
- Rotterdam port pushing US$3b expansion plan
ROTTERDAM, the world's largest cargo port, is close to securing funding from the Dutch government for a US$2.9 billion expansion to handle a surge in imports from China and prevent a loss of business to German and Belgian ports.
- Asian cargo could make up half of NY traffic by 2010
ASIAN cargo is expected to account for half of the containers handled at the Port of New York New Jersey by 2010, after the aggressively marketed all-water route boosted Asia volumes by 15 per cent last year.
- Logistics companies urged to leverage on S'pore strengths
LOGISTICS companies here were urged yesterday to leverage on the core strengths and overall environment in Singapore to expand and grow their businesses while shedding the 'middleman' image of serving an entreport port.
Air and Land Transport
- Delta's Q1 loss of US$383m likely to be industry's biggest
DELTA Air Lines' heavy losses continued in the first quarter, prompting its chief executive to again call for deep concessions from its pilots.
- Virgin's start-up in US opts for Airbus aircraft: sources
- Putting Ł115,000 on the nose
- Indonesia plans to sell 51% stake in Merpati
- Cathay orders 6 Airbus, 2 Boeing jets
Admiralty Casebook
- Australian safety body slams acquitted officer in collision report
CANBERRA's transport safety agency has released a damning report on the conduct of the second mate of a bulk carrier involved in a collision with a fishing vessel three months after charges against the officer were dismissed on a technicality.
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| APRIL 16, 2004 |
- CP Ships starts new Asia-N America service
- Port of Vancouver experiences record backlog
- TNT appoints new Southeast Asian regional manager
- Fleetpride, Yellow Roadway sign supply agreement
- Malaysian cargo vessel sinks off the Bay of Bengal
- Mac-Nels awarded ISO certification
- Pusan, Shanghai unveil new port investments
- Posidonia starts June
- GeoLogistics appoints Charles Kirk as CIO
- Cathay, EVA order eight planes each
- Qantas adopts new aircraft display technology
- FedEx appoints four HK-based vice presidents
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| APRIL 16, 2004 |
- Readymade garment exports to European Union record modest growth
- Groundnut oil exports on the upswing
- Korean Exim Bank to provide $ 73-m loan to SCI for purchase of 2 VLCCs
- India-Thailand FTA talks hit impasse
- WTO reports record import, export growth by Asian nations
- Extension of textile quota regime unlikely, feels WTO official
- MbPT to focus on break bulk cargo for now
- DHL introduces Mango Express service, ties up with 2 leading exporters
- Railways hauls all-time high freight in 2003-04
- CIWTC scouts for Rajabagan Dockyard buyer - Revival attempts meet limited success
- BLR India obtains licence to set up custom bonded public warehouse at Kalamboli
- CWC’s CFS-Kalamboli begins import clearance operations too
- Govt likely to announce incentives for service exports
- State keen to extend SEZ benefits to industrial clusters
- Forex reserves vault over $ 112-bn mark
- No TDS on 8 pc savings bonds: RBI
- Govt urged to retain Sec. 80 HHC export sops
- iNDEXTb receives coveted ISO 9001: 2000 certification
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| APRIL 15, 2004 |
- Exiting arbitrage cargoes see ARA firm, demand surges
- Industry sources list Asia-bound cargoes
Over 3.5 million tonnes of fuel oil booked for spot charters from Europe and Americas, according to sources.
- Singapore steady despite soft crude and inventory gains
The Singapore fuel oil market was steady to firm today despite soft crude overnight and a sharp rise in the island state's onshore inventories of residual fuels.
- New Orleans bunker conference announced for June
Price information provider expands into bunker and fuel oil events sector with inaugural conference.
- Fujairah contamination forces four vessels to debunker
Corrosive solvent discovered in Iranian-sourced product delivered to four ships; VLCC forced to turnaround after engine problems.
- Rotterdam: Fuel oil steady, distillates up at midday
- Wallenius Wilhelmsen eyes new low sulphur tender
Norwegian Ro-Ro operator seeks to continue its eco-friendly bunker procurement policy in Singapore.
- DOE crude and gasoline build closer to forecasts
DOE report showed much smaller crude build than API.
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| APRIL 15, 2004 |
- Panama ignores IACS’ offer
- Steel shortage hits box supply
- "Box transhipment set for big increase"
- V.Ships to manage easyCruise ships
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| APRIL 15, 2004 |
- The Matrix: USCG Style
Latest annual report on port state control indicates how the ISPS security targeting matrix will work
- Atantic Marine extends rig repair capabilities
Adds crane barge with19,000 ton lift capacity
- USCG starts International Port Security Program
Visits to foreign ports will start this fall
- Canadian Navy to get new ships
US$1.56 billion support ship program announced
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| APRIL 15, 2004 |
- Greenbrier reports gains during second fiscal quarter
- Senator Patty Murray wins Propeller Club honor
- "K" Line building giant ore carrier vessel
- CBP sets startup dates for rail cargo data requirements
- Portland Spirit adding diesel jet boat to fleet
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| APRIL 16, 2004 |
- Hapag-Lloyd spurns advance from Oetker
HAPAG-Lloyd chief executive Michael Behrendt moved firmly yesterday to scotch speculation linking his company with the Oetker group or its subsidiary, Hamburg Süd.
- Panama rejects IACS offer for help on flag state performance
MORE than a year after the International Association of Classification Societies announced a scheme to assist "blacklisted" flag states improve their performance, Panama remains one of the flag states which have failed to respond to the offer, writes Michael Grey.
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| APRIL 15, 2004 |
- Members of 'Karachi Eight' released
PAKISTAN has released six, or possibly seven of the ‘‘Karachi Eight’ who have been held by Pakistan authorities since the Tasman Spirit sank in Karachi last year
- US Justice bags another polluter
THE US Department of Justice continues its growing streak of pollution prosecutions in the Pacific Northwest, with a Greek operator to be sentenced in July
- Not yet for smart boxes
SMART box technology remains a concern of the US Senate, but a bill to force implementation of the system lost out in a Commerce Committee vote last week
- Tugz’s Canaveral fight still afloat
TUGZ International's lawsuit against Port Canaveral remains afloat today as it attempts to compete for the Florida port's tug concession currently held by Seabulk International
- New environmental woes for Carnival
HALFWAY through a probation set in 2002 for environmental violations, Carnival admits to more violations that could see Holland America Line barred from Alaskan waters
- MCT privatisation put on hold
THE privatisation of the newly constructed Mindanao Container Terminal at Cagayan De Oro port in the Philippines has been temporarily shelved after two bid failures
- Nenaco hits parent’s earnings
- Chile: strike hits Arica port
- NOL completes unit sale
- PSA Group net profit surges
- Foreign port operators "grave security concern"
- Japan requires pollution cover
- Master fined over reef breach
- MOL in tanker venture with ETA
- Finnish EEZ proposed
- EU single hull action worries Asians
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| APRIL 15, 2004 |
- Boxes making quicker turns: Study
Containers getting back into supply chain faster to counter growing equipment shortage, according to new research.
- Report on U.S. ocean policy coming
Commission report to include recommendations for freight movement.
- Report weighs cost-benefit of future port development
- Rotterdam plans $2.9B expansion
- U.S. says China rejects textile talks
- Former ILA chief could avoid prison
- Coast Guard on overseas port security tour
- FCC upgrades RFID for shipping
- Evergreen sets Far East/Australian service
- MOL forms tanker venture
- Singapore air-cargo capacity usage up
- EU to open rail freight markets
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| APRIL 15, 2004 |
- Carriers ratchet up AADA defence
Carriers in the China-East Asia/Australia trade have mounted a forceful rebuttal of the recent negative findings of the Australian Competition and Consumer Commission (ACCC) inquiry.
- South American strikes stay on course
South American strikes continue to cause cargo delays, with Brazil's customs officers announcing yesterday their 96-hour strike may be prolonged until April 23, while an indefinite protest-strike continues in Chile.
- Rate rises and tight cost control benefit Fesco
- Hamburg Sud confirm move to CSXWT’s Kwai Chung terminal
- CP Rail CEO urges North American summit
- CP Rail defends railway’s intermodal strategy
- Pacific trade imbalance gets wider with 2020 vision
- US trade statistics confirm economic recovery
- Hapag-Lloyd confirms 70% operating-profit rise and €462m dividend to TUI
- PSA International sees net profits rise 22% on 15% rise in turnover
- Political challenge to Maersk-Concor terminal deal gathering momentum
- Malaysian shipowners decry tax discrimination against local shipping companies
- Russian Senate approves ILO conventions 100%
- CSX sets 496TEU Rhine barge record
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| APRIL 15, 2004 |
- US mulls lessons from Skikda
American LNG regulator says it will use findings from Algerian trip to weigh up future projects.
- Poten must wait for green light
No interim approval for LNG project, as FERC says it will issue just one ruling by year-end.
- Freedom looms for Karachi 8
Pressure is on to see master liberated along with other detainees.
- Trailer Bridge delays filing again
Company’s stock symbol tagged 'E' for failure to submit 2003 results.
- Noordam under investigation
Feds probe Holland America ship for bilge-water offences.
- Containership market set firm
Specialist boxship broker says market expected to remain strong for at least 18 months.
- Varun profit soars
Indian owner pushes ahead with share sale for fleet expansion.
- Exmar plans share buyback
Belgian gas carrier player wants to convert share capital to US dollars.
- Marmaras Navigation pleads guilty
Greek owner to pay pollution penalty of up to $250,000 following deal with US prosecutors.
- Record result for Hapag-Lloyd
Profit growth of 70% and cargo upturn of 13% puts German container line on course for stockmarket debut.
- MOL seals ETA VLCC tie-up
Japanese owner looks for more trade from Indian and Middle East charterers using Dubai owner.
- Wartsila inks Aussie FPSO deal
Finnish engine builder to supply diesel power plant for converted suezmax tanker project.
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| APRIL 15, 2004 |
- Hapag-Lloyd's liner business doubles operating profit
- Delta continues to hemorrhage cash
- DHL, U.S. labor union agree on job protection
- Canadian National gets STB go-ahead for rail acquisitions
- STB raises administrative fees
- U.S. lumber industry praises WTO panel report
- Barbecue grill imports on the hot seat in Canada
- GENCO names Waggoner senior VP sales
- PSA raises revenue, net income
- Crane arrives at new Suez Canal terminal
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| APRIL 15, 2004 |
- New port in Estonia before end of the year
The troubled region Ida-Virumaa in Eastern Estonia now has the potential to become an Eastern EU Gate", said the ...
- Insurers to monitor ISPS compliance
Insurers say they will monitors port’s compliance to the ISPS (International Ship and Port Facility Security Code) in order to ...
- Intertanko has first Chinese member
Hebei Ocean Shipping Company has become the first independent Chinese member of Intertanko. The company is based in the Qin ...
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