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| AUGUST 16, 2004 |
Shipping News
- Iran line offers to help open transport route to Iraq
IRAN's semi-privatised shipping line has offered to help develop the Iraqi economy by using its shipping and land links to open a transportation route to the war-torn country.
- RCL unit takes stakes in 2 new China ventures
RIDING high on the global wave of cargo movement, Thai-listed Regional Container Lines said it was expanding its presence in China through two new joint ventures, as it announced its second quarter profit had surged four-fold.
- Panama Canal turns 90
THE Panama Canal turned 90 yesterday and officials were to mark the occasion with fireworks and further study of an ambitious plan to build a new, third set of locks and channels to handle larger breeds of ships.
- China to build its first LNG ship
CHINA's shipbuilding industry is stepping into a new era with its first liquefied natural gas shipbuilding contract signed in Beijing.
- Terminal restrictions found not only in US
I REFER to the Dockyard column 'Calling at US ports? Make sure oil record book is in order' .
Air and Land Transport
- New Berlin airport finally gets planning go-ahead
PLANS for Berlin's new 1.7 billion euros international airport won approval from local authorities last Friday, more than a decade after the project was launched to establish the once-divided German capital as a major air transport hub.
- Ghana sacks state airline board, flights suspended
- Alitalia proposes 900m euro savings plan
- M'sia to help MAS to absorb fuel cost
- Poland sees a battle for low-cost air travel market
- German truck toll unlikely to start on time: transport group
Liner Scene
- Tough times likely for lines with big newbuilding plans
KEEN observers of liner shipping's corporate scene will have been busy over the past fortnight.
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| AUGUST 16, 2004 |
- APL launches Vietnam feeder connection
- HK is fast losing its competitive edge to southern China ports, says study
- Royal PONL turns in positive first half results
- Famous Pacific to hold AGM in Cyprus
- Prologis to build logistics park in Yantian
- Kitty Hawk sees second quarter growth
- Virgin makes its largest aircraft order to date
- Continental Airlines names next president
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| AUGUST 16, 2004 |
- MoS moots BBCD route for acquiring ships
- As shipping lines contemplate congestion surcharge, JNP explains its position against such a move
- Exim bank grants $ 27-m LC to Vietnam
- The Dragon feeds on Indian iron ore worth Rs 10,000 crore in just 5 months!
- Congestion cleared, operations return to normal at CCT
- CoPT staff to strike for transhipment hub project !
- Chennai Port stops using cranes to handle logs after mishap
- Major Port Trusts to be allowed to lease out land
- KSPL, SCR to join hands to improve rail connectivity
- Railways freight traffic exceeds target
- Heavy vehicle operators postpone strike
- Salient features of ‘Gujarat Junction 2004, By L.A.W.’ symposium highlighted
- Call to evolve viable hire charges for trucks
- Goa CM invites investors
- Govt plans cut in vegoil base price
- Vegoil importers want tanker norms eased
- Industrial growth touches 7.6 pc in Q1
- Reliable Freight Forwarders opens own office in Mumbai
- AMTOI holds 5th AGM, get-together
- Nageswara Rao assumes charge as RM of CWC, Andhra region
- Agri-intex-2004 from Aug. 20
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| AUGUST 13, 2004 |
- Crude continues record-breaking run
New all-time high as market anxiety continues, with many analysts predicting new highs next week.
- Staatsolie to acquire share in Trinidad supplier
Suriname's state oil firm to buy a stake in Ventrin Petroleum.
- Oil-fired generators to replace Japan's nuclear power loss
Japanese fuel oil demand could rise as big power supplier shuts nuclear reactors for inspections.
- Baltic bunker markets enjoy brisk business
Although most ports saw buying activity ebb off today, it as been a busy week for many suppliers in the region.
- Shanghai Exchange and NYMEX discuss deal
- Lawyers: EU Pollution legislation goes against international law
Lawyers have criticised the latest amendments to EU proposals for their lack of compromise, obscurity of wording, and the fact that the proposed legislation is in contravention of the internationally recognised Marpol convention.
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| AUGUST 13, 2004 |
- Tele Atlas launches Iberian navigation CD
- First Bulgarian railway licence for private company
- TNT Logistics to provide value-added services to Isuzu
- Ukraine modernising Danube ports
- Nigeria hoping to launch new airline
- P&O receives major Indian port opportunity
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| AUGUST 13, 2004 |
- NAT looks to raise US$500m
- Bulker scrapping "a thing of the past"
- NOL appoint adviser on Temasek bid
- Transport eurocrat named
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| AUGUST 13, 2004 |
- Port of Olympia taps Anthony's for new NorthPoint restaurant
- Lottery Bond sale will fund Oregon's share of channel work
- Cargill executives complete British mountain challenge
- WTSA member carriers plan detention charge hike
- Rail freight numbers post gains in July
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| AUGUST 16, 2004 |
- CP Ships faces class action over accounts
CP Ships and its senior management face legal action over accounting errors that forced it to admit last Monday that its true profits for 2002 and 2003 were much lower than reported.
- US may go it alone on merchant ship tracking
THE US Coast Guard is considering moving ahead unilaterally with regulations to track merchant ships passing within 2,000 miles of its shoreline, even as discussions continue within the International Maritime Organisation on an international response on the issue.
- Pollution whistleblowers win $1m award
THREE more "whistleblower" seafarers have been awarded a size-able cash payout by a US judge.
- New worries surface over P&I clubs’ performance
NEW research has revealed some uncomfortable facts about the performance of shipowners’ protection and indemnity clubs, with many 2003 financial reports now in the public domain.
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| AUGUST 13, 2004 |
- 80 charged in Romanian scandal
A ROMANIAN anti-corruption investigation into the sale of ships from state-owned carrier Petromin to Norwegian owner Torvald Klaveness has led to 79 senior officials and a former minister being charged with fraud
- Commission, not MarAd, budget
PRESIDENT George W Bush this week signed the annual budget for the US Maritime Commission, not the Maritime Administration as stated in our news story of 10 August
- Mauritania ro-ro service
SPAIN'S Grupo Boluda started a new ro-ro service this week between Mauritania and the Canary Islands.
- New pollution study ordered at LA
LOS Angeles mayor James Hahn has ordered the Port of Los Angeles, considered the largest single air polluter in the region, to undertake a new plan to curb emissions.
- Nenaco cash injection
METRO Pacific, the conglomerate that owns a 97% stake of Philippine operator Negros Navigation Co (Nenaco), has shown its commitment to the shipping firm.
- Ports readying for Charley
PORTS throughout the southeastern US are bracing today for the arrival of Hurricane Charley, with most in its path either already closed or preparing to suspend operations.
- Maersk wins MSP vessels
- Panama Canal – Transit Reservation System
- Ash Shihr Terminal: additional tariff
- Maputo increases container costs
- Dover has busiest day
- Manila ferry/log carrier collision
- Pertamina changed VLCC terms
- Anadarko buys LNG Access
- Singapore plans maritime consortium
- US/Australian free trade
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| AUGUST 13, 2004 |
- Ports reopen after hurricane passes
Ports from Florida to South Carolina were resuming operations after Hurricane Charley forced a shutdown of maritime activities.
- Shareholders sue CP Ships
Mullen to direct Customs trade relations
- "K" Line ending Portland service
- Port agrees to Red Hook extension
- Dollar drops on record U.S. trade imbalance
- Tacoma’s Koon new marketing director
- Calif. port eyes container link
- Economic recovery slowing: EU
- EU-Mercosur trade talks break off
- New port, SEZ for India’s east coast
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| AUGUST 13, 2004 |
- Angry investors file class action against CP Ships management
Investors in CP Ships have given notice that they have instigated proceedings against CP Ships in the US District Court for the Southern District of New York.
- Pretoria’s resolve on Durban tender wilts
After several years of undertakings and raised expectations, the South African government indicated the possibility yesterday that the Durban container terminal would not be privatised after all.
- ‘Encouraging’ results but better to come promises PONL CEO
P&O Nedlloyd (PONL) CEO Philip Green said the company’s results were ‘encouraging but not good’ following yesterday’s announcement of a US$121million operating profit.
- Conference lines levy security charge
- Shippers see potential in Danube barge shuttle
- Japanese consortium to operate Gamcheon logistics facility
- Keelung Port releases July figures
- OOCL secures ship agent licence in China
- Zim takes delivery of a 5,040TEU containership
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| AUGUST 13, 2004 |
- Stena backs down from two P-Maxes
Concordia Maritime denies that it has raised its products-tanker orderbook at Split Shipyard.
- Master wins compensation
Norwegian court orders payout over stress produced by slow investigation of reefer grounding.
- US court coup for Maersk
A Washington judge has refused to stop the transfer of 15 US-flag containerships.
- Samsung profits tumble
Steel prices gobble up more yard surpluses, as builder reports 92% fall in operating result.
- Whistleblowers share $1m
Judge awards half $2m fine to Sabine Transportation crew who shopped company for illegal dumping.
- Thoresen quadruples profit
Tonnage-hungry Thai owner enjoys effect of higher freight rates.
- Viken pockets $29m
Norwegian owner Tom Steckmest flips VLCCs Wisdom and Vision after just eight months.
- ThyssenKrupp to swing axe
All yards to be retained but heads to roll as shape of new European shipyard group is agreed.
- Hanjin battles steel prices
Plate costs wipe out revenue gains at South Korea's fifth largest shipbuilder.
- And that makes two...
Second US class action lawsuit slapped on CP Ships in wake of accounting mess.
- CP Ships faces legal action
US law firm Schiffrin & Barroway files shareholder class action against UK-based liner company.
- Precious piles on the profits
Expanding Thai bulker owner sees second quarter net income triple on bigger fleet and hot rates.
- Aussies hold fourteen
AMPTC, Ceres, Djakarta Lloyd, Sincere, TMT, Oldendorff and MSC all make monthly detention list.
- Crew thwarts attack
Fire hoses, flares and search lights stop pirates from boarding product tanker in Strait of Malacca.
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| AUGUST 13, 2004 |
- Maersk wins legal battle against USSM on vessel transfers
- Hapag-Lloyd's shipping business first-half earnings up 63%
- Europe/Canada carriers raise rates
- Sabine Transportation fined $2 million for dumping oily waste
- NYK raises Far East/Mexico/Central America charges
- UPS executive named chairman of IECC
- U.S. permits all-cargo charter flights to Libya
- FedEx acquires Parcel Direct to boost residential delivery services
- IES offers Web-based AMS query
- Nippon Express to use Bolero IT system
- New European Commissioners named
- Bonner names Mullen to head trade relations
- Inbound traffic up 22 percent at port of Long Beach
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| AUGUST 13, 2004 |
- Torm reports record profit for first half year
Dampskibsselskabet Torm A/S has broken all records and reports a healthy profit after tax of DKK 1.119 billion (EUR ...
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