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| JUNE 16, 2004 |
Shipping News
- Alarm over surge in kidnap-ransom cases
A sharp rise in kidnap and ransom cases in the northern Malacca Straits off Sumatra has prompted fresh warnings to the shipping community from the Kuala Lumpur-based Piracy Reporting Centre.
- PetroChina to expand S'pore oil storage: traders
CHINA's largest oil and gas firm PetroChina plans to rent more oil storage space in Singapore to boost its trading portfolio, traders said yesterday.
- Myanmar begins survey work on deep-sea port
SURVEY work has started on a deep-sea port project at Mawlamyine in Myanmar's southern Mon state, a local news journal reported on Monday.
- Philippine move to intensify anti-smuggling ops at ports
PHILIPPINE anti-smuggling czar Angelo Reyes yesterday ordered his National Anti-Smuggling Task Force to intensify operations against big-time smugglers operating at the Manila
Air and Land Transport
- Boeing wins US Navy job to replace sub chasers
THE US Navy on Monday awarded a US$3.89 billion contract to Boeing Co to replace a fleet of submarine-hunting airplanes from Lockheed Martin Corp - one of the Pentagon's biggest military contracts of the year.
- Schiphol makes 400m-500m euro bid for Belgium airport
- Secret test reveals security loopholes at French airports
- S African firm in talks to bid for Indian airports
- Disabled fliers lose case for better access
- Passenger count at Frankfurt up 12% in May
Strait Talk
- Mitropoulos charts a new course for IMO
THE International Maritime Organisation is a UN agency and it does the bidding of its member states.
Port Shots
- Good governance award for RCL
REGIONAL Container Lines Public Co Ltd is one of the 85 companies to achieve good corporate governance, according to a Corporate Governance Baslining study done in Bangkok.
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| JUNE 16, 2004 |
- Medical manufacturer chooses Kuehne + Nagel for logistics service
- Record Xinjiang rail freight handled
- NYK Line MD stresses competitiveness, stability
- ISPS compliance figures improve
- American Port of Vancouver welcomes Star Osakana
- Court ruling supports US COGSA package limitations
- Bimco unveils management team
- United begins non-stop service between San Francisco and Beijing
- Volga-Dnepr takes delivery of new cargo aircraft
- SAS Group appoints new advertising agency
- Three new airbus aircraft join China Southern fleet
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| JUNE 16, 2004 |
- DGS may invite US Coast Guard to assess implementation of ISPS code
- Mango exports cross barriers of drought, sanitary checks
- India, China to be biggest gainers, says Oxfam report - Phasing out of textile quotas from January 2005
- Exim Bank inks LoC pact with Brazilian bank
- Rising oil demand to push up tanker freight rates
- India seen as safer haven than China for parking investments
- Coal mining gear Customs duty may be cut
- Prices pushed up by costlier inputs, says Steel Alliance
- Tax problems stunt processed food industry’s growth, says Chamber
- Export growth target for 2004-05 may be set at 12 pc
- Inflation rises to 5.03 pc
- Union Budget to be tabled on July 8 - Session begins on July 5, ends Sept. 3
- Allow exporters to receive payments in rupees-Fieo
- BCHAA’s training course on CHALR appreciated
- MMD turns 75; charts out new course
- Letter to the Editor
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| JUNE 15, 2004 |
- Savannah prices tumble after resupply
- Trader steps up to Singapore accreditation scheme requirements
Bunkering companies in Singapore have until 2005 to comply with the vigorous quality standards set out by the MPA.
- Greek ferry owners opt to defy government ticket cap
High bunker prices force ferry operators to ignore government warnings that they are in breach of law and raise prices.
- Heavy commitment pushes earliest Fujairah dates back
Falling cargoes and rebounding crude saw heavy buying interest in the bunkering hub.
- Bearish Hong Kong market dries up
Suppliers await resupply as current product has been soaked up by strong demand, while Taiwanese prices have proved less attractive.
- Start-up company unveils ambitious terminal plans
Newly-established Egyptian-based Mashreq Petroleum Company (MPC) to build 150,000 m³ bunkering terminal in Port Said.
- Rotterdam sharply weaker with crude and keen selling
- Singapore: Trading company named in Tuas fuel storage rumours
The market is currently awash with news about various new storage facilities that will boost the oil-hub's storage capacity. Latest reports name interested party in Tuas facilities.
- Barge out in Novorossiysk
- PetroChina seals Singapore storage deal
Growing fuel oil and gasoline exports to China trigger 20,000 m³ of additional storage.
- Analysts forcast new trading range: OPEC sees continued strength
OPEC president, Purnomo Yusgiantoro has said he sees further strength in oil markets, while analysts predict a new trading range for US light crude.
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| JUNE 15, 2004 |
- Second Basel International Hazardous Goods Conference
- Anglo-Eastern to use ShipServ TradeNet
- Lower Danube: Romania and Serbia resume cooperation
- Swiss Post International opens sales office in Belgium
- Kombiverkehr invests in pocket wagons
- Charles de Gaulle airport still in turmoil
- Tarros International sells two vessels
- Spinetta takes over as Iata chairman
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| JUNE 15, 2004 |
- Row over Frontline’s purchase of Indonesian VLCCs
- New Bimco boss
- NoE’s fleet now 20% Greek managed
- Kvaerner Masa-Yards wins residence ship order
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| JUNE 15, 2004 |
- MAN B&W diesels for "clean design" Broströms tankers
Four environmentally friendly tankers building in China have MAN B&W engines and gensets
- Kvaerner Masa-Yards in residence ship deal
Conditional contract for 42,500 gt Four Seasons vessel
- Rolls Royce power for Lockheed LCS
Two MT30 gas turbines per ship
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| JUNE 16, 2004 |
- French appeal court quashes Erika charges
COURT rules that Malta Maritime Authority and its executive director, Lino Vassalo benefit from state immunity.
- Jakarta rejects Pertamina sale to Frontline
PERTAMINA’S tanker sale to Frontline has been thrown into confusion. The Indonesian parliament is expected to tell Pertamina to scrap plans to sell two VLCC newbuildings to Frontline, but the state oil and gas company says it is up to the company to decide.
- XL promotes Sprott and Talbot as it prepares expansion plans
XL LONDON Market, a key leader in marine hull and war risk insurance, has announced two key promotions to chart its way forward, with expansion on the cards in the next two to three years.
- EU breaks with Marpol and votes to criminalise accidental sea pollution
EUROPEAN Union transport ministers have broken with the global consensus on sea pollution by opening the door to the criminalisation of seafarers following an accident.
- Aveva will use Tribon buy to hit new peaks in ship assembly
AVEVA Group, the UK-based lifecycle engineering IT group, said yesterday that it plans to deliver a new process engineering solution to squeeze the last drops of efficiency out of ship assembly.
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| JUNE 15, 2004 |
- Ferry Greeks defy Kefaloyannis
GREEK ferry operators threw down the gauntlet to shipping minister Manolis Kefaloyannis yesterday when they decided to raise ticket prices at will, despite the minister's warning that such an action contravenes the law and would entail penal and administrative punishment
- Caspian oil exports to increase
THE Caspian Pipeline Consortium has started preparations to expand the export capacity of both the pipeline and tanker terminal
- Four Seasons goes residential
FINNISH builder Kværner Masa-Yards, part of the Norwegian Aker Yards group, has signed a conditional contract to build a 42,500gt ‘residence’ ship
- Nenaco claimants act
ANOTHER creditor bank of Philippine operator Nenaco has filed an opposition in court to the rehabilitation of the debt-ridden domestic shipping firm
- Pakistan reduces shipbreaking taxes
PAKISTAN’S shipbreaking industry has received substantial tax relief in the country's annual budget for 2004-2005, unveiled on 12 June
- MSC increases Euro feeder services
MEDITERRANEAN Shipping Co has launched a new feeder service connecting Antwerp, Liverpool, Le Havre, Bremerhaven and Hamburg
- Progosa head-to-head with majors
- Challenge to secure energy supplies
- Tunisia sees cruise opportunity
- Crisis looms for shipbuilding
- Little learned from collisions
- Boxship charter stand-off
- Busan prepares for 8,000 TEU ships
- LeConte officers found negligent
- Chiquita sells Colombia division
- Carnival to base Liberty in Med
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| JUNE 15, 2004 |
- Bonner wants more 'smart' containers
Despite increased inspections, Customs chief calls for greater focus on securing container itself.
- More delays seen for ACE system
Customs' next-generation system for processing imports will take longer to complete than planned due to need for more funding, inclusion of anti-terrorism features.
- CMA CGM deploying 8,200-TEU ships in trans-Pacific
- House panel approves corporate tax bill
- China Shipping increases retail IPO shares
- U.S. trade gap widens
- Exel bid for Tibbet & Britten: Report
- WTO Chief pessimistic on trade talks
- Field joins The Journal of Commerce as trade editor
- House extends African trade act
- Hong Kong adds box scanners
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| JUNE 15, 2004 |
- Asian alliance switches Atlantic tonnage to more lucrative trades
Coscon, Hanjin, K Line and Yang Ming, the CHKY Alliance, will reduce the capacity on their TA-1 service switching three 3,500TEU ships from this market to the more profitable Pacific trade.
- Hanjin reduces debt burden with new bond issue
- Busan expects to make an additional US$15million net profit
- Three European owners place orders the same Chinese builder
- US Customs accelerates ACE development
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| JUNE 15, 2004 |
- Tick tock....
Stolt talks with noteholders go down to the wire with SEC deadline looming.
- Stelmar coke ship back to trading
Investigators find no wrongdoing by company in early stages of smuggling investigation.
- TK in high Fidelity
Red hot fund manager has made Teekay Shipping his workhorse stock in 2004.
- Izar must slim down
Minister says government working on restructuring solution for Spanish shipbuilder as consultants appointed.
- Masa-Yards wins cruise order
Four Seasons Hotel group signs up for residential ship at Finnish shipyard.
- Freddie faces fight for VLCCs
Indonesian parliament tells Pertamina to pull plug on resale of tankers to Fredriksen’s Frontline.
- Aceh rebels kidnap master
Skipper and chief engineer believed being held for ransom by separatists after Malacca Strait attack.
- Alaska ferry firings
Master and first mate sacked for "serious errors" during grounding on reef last month.
- ‘Cape Africa’ success
Second cofferdam fitted to damaged bulk carrier holding as lightering vessel expected.
- Seabulk seals offshore orders
Florida-based owner looks to bolster West African fleet with Singapore support vessel newbuilds.
- Otto on top at Stolt
Ex-head of shipowning operation becomes third CEO at chemical tanker operator in less than a year.
- Pertamina loses $20m on VLCCs
Brokers say Pertamina newbuildings could have commanded bigger bucks but big name players locked out of sale.
- CSCL prices shares
China Shipping Container Lines stock to start trading tomorrow.
- NYK bullish on China
Japanese giant forecasts more than 30% of revenues to come from China by 2007.
- Shell pursues Nenaco
Court date set for hearing against cash-strapped Philippine ferry owner.
- Fredriksen bags VLCC resales
Pertamina sells two Hyundai newbuildings to Frontline for $184m in controversial deal.
- Repairs end in tragedy
Failure to connect safety line while climbing cargo hold ladder proves fatal for Chinese cadet.
- Nordic Rio arrives for conversion
First of two Teekay suezmaxes arrives at Keppel Shipyard for transformation into shuttle tanker.
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| JUNE 15, 2004 |
- Small investors scramble to buy China Shipping shares
- Melchiors to become secretary general of BIMCO
- NYK gets long-term coal transport contract from Korea
- DHL starts $150-million campaign to increase U.S. business
- Lan Peru expands Latin American coverage
- Customs operations on House Committee agenda
- SSA Global acquires Arzoon
- Third round planned for U.S./Panama free trade talks
- U.S. finding of dumping by Asian producers of plastic shopping bags
- Danka contracts with Exel to distribute European consumables
- Molnlycke picks Kuehne + Nagel as Asian logistics provider
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| JUNE 15, 2004 |
- KMY in conditional luxury residence ship order
Aker Yard’s subsidiary Kvaerner-Masa Yards has received a conditional order for a 42,500-GT cruise vessel, featuring about 100 ...
- "Vladimir" connected to the "Astrida" sinking
Chief marine accident investigator Stanislav Cakss at the Latvian Maritime Administration has inspected the Cyprus-flagged vessel "Vladimir" in Baltimore ...
- New head of Bimco appointed
BIMCO, Baltic and International Maritime Council, based in København, has appointed Carsten Melchiors (50) as it coming head of organisation ...
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