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| FEBRUARY 17, 2004 |
Shipping News
- PSA finalises Hibiki terminal concessions
PSA Corporation has finalised the terminal concessions of its shareholding in Japan's controversial Hibiki Container Terminal , 14 months after the deal was thrown into disarray when the Singapore port giant relinquished its majority stake.
- Regional rivals catching up, so sharpen IT edge, MPA tells SMEs
INTENSIFYING overseas competition means Singapore's maritime industry must 'redouble efforts' to advance information technology , the Maritime and Port Authority of Singapore has said.
- Ferry, ship collide off Sweden
MORE than 100 people were evacuated from a ferry early yesterday after it collided with a freighter and risked sinking off the southwestern Swedish coast, maritime officials said.
Air and Land Transport
- Southwest to undercut rivals in Philadelphia
SOUTHWEST Airlines, in a shot across the bow of financially ailing US Airways, will offer fares as low as US$29 each way when it begins flying into Philadelphia on May 9.
- Debt investors wait for airlines to take off
- SAS promises cost cuts to revive profits
- China Aviation's Q1 jet fuel imports hit new high
- United seeks 3rd extension on revamp plan
- Brazil's Varig, TAM put merger plans on hold
Features
- Regional jets soar high
FREQUENT traveller Jerry Grasso calls them 'flying minivans' because they are small and seem to be everywhere these days.
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| FEBRUARY 17, 2004 |
- Dongguan foreign trade rises 18pc last year
- Study finds improved cargo security reduces importers costs
- Peacock named Phoenix's new global accounts director
- Hesse-Noord Natie granted use of Deurganckdok West
- Panama's vice president heads trade delegation to Singapore
- Singapore jets to get anti-missile defences
- Fraport traffic surges in January
- Exel Kanoo extend Saudi co-operation
- SAS cargo leadership shuffle
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| FEBRUARY 17, 2004 |
- CP Ships posts record profit of $ 49 m in Q4
- China Shipping to launch 2nd Far East-Europe service
- Kalmar state-of-the-art RTGCs to handle growing Red Sea box volumes
- ECU-Trans renews service to Scotland
- Wallem acquires Harpers Shipping
- Chilean yard to build vessels for Maersk Sealand
- Rotterdam terminal to expand box capacity
- BIMCO launches redesigned home page
- MSC Europe service to make direct call at Mundra (MICT) also - Boon for shippers in Western/Northern India
- MoS plans ad blitz to project India as unique maritime hub
- Pakistan a good market for arecanuts: CAMPCO
- Castings expo yields orders worth $ 35 m
- Govt to tighten food import norms as US, EU reject Indian consignments
- Private oil exploration companies seek import duty waiver on equipment
- Diamond traders sourcing roughs imports directly
- Indian auto market overtakes global leaders with robust double-digit growth
- Eucalyptus oil makers to seek dumping duty on Chinese imports
- Tata Steel, L&T in JV to develop Dhamra port
- Forex reserves surge by $ 761 million to $ 1,04,998 million
- Commercial credit shoots up by Rs 17,957 crore in a week!
- MoF clarifies depreciation norms for capital goods moved from EOUs to DTA
- Govt keen to develop growth clusters: PMO advisor
- Forex kitty swells by $ 1.609 bn
- Motorcycles zip up sales figures
- RBI’s directive to exporters
- Inflation rate dips to 5.8 pc
- GCC-India industrial meet begins today
- Exporters need to submit brand rates for DGEP post-audit checks-CBEC
- Pharmexcil slated to come into operation on April 1
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| FEBRUARY 16, 2004 |
- Egypt: Heavy demand in Suez leaves Port Said short
The port of Suez continues to witness heavy demand, so much so that avails in Port Said are now tightening. Local sources have said that the Egyptian General Petroleum Company (E.G.P.C.) have taken the decision not to resupply Port Said by pipeline, instead keeping the product in Suez.
- Gibraltar distillates feel the cold
- Bridge Oil and KPI announce global alliance
Two of the world's oldest marine fuel brokering and trading companies have announced an alliance aimed at providing global market coverage.
- KPI President Robert Atkinson told Bunkerworld today: "We share a common desire."
- Deltaven employees not leaving after all
Miriange Pinto and David Suarez, who were reported to have been made redundant from Deltaven S.A. , effective February 13 and February 12 respectively, announced late Friday that they were "back to business and stronger than ever."
- Colombo: East-West restructures bunker operation
The Colombo-based bunker supplier East-West Bunker Services Ltd. (East West) plans to replace its 37,000 dead weight tonne (dwt) tanker Bunker 2 with a smaller vessel of about 10,000 dwt. Bunker 2, which has been used as a floating storage unit anchored off port limits (OPL) Colombo, has already been withdrawn, leaving East-West temporarily out of the Sri Lanka bunker market.
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| FEBRUARY 17, 2004 |
- Sierra Leone - Latest on PSI
- Exel opens Singapore supply chain hub
- DHL expands overland transport portfolio in the Baltic states
- EgyptAir ceases services on unprofitable connections
- Gorthon-B&N Transatlantic founded
- Financial moves at Transamerica
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| FEBRUARY 16, 2004 |
- Mitropoulos hails ballast water convention
- "Disappointed" ICS slams new convention
- Liberia and US sign anti-WMD deal
- Tankers International charters 2 Knightsbridge VLCCS
- PSA company gets Antwerp concession
- "Hijacked tug sunk by Indonesian Navy"
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| FEBRUARY 16, 2004 |
- Cruise and container numbers lead Port of Seattle to good year
- Search finds five stowaways onboard ship in Columbia River
- Government surplus items up for auction in Port Angeles
- Greenbrier signs contract with TrentonWorks employees
- MarAd figures show cruise business rises eight percent in 2003
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| FEBRUARY 17, 2004 |
- Antwerp confident of top spot as it bags PSA deal
WITH PSA International investing more than €300m ($566.8m) to develop a new box terminal in Antwerp, the port authority believes it has assured its future as one of Europe’s top container ports.
- India division created as part of management redeployment
IN ITS latest management reshuffle, PSA has appointed a new executive committee chairman of Hesse Noord Natie and created a separate India division, writes Marcus Hand in Singapore.
- Blacklisted tanker hits demolition sale record
TWO chemical tankers, one of which appears on the European Union’s blacklist of vessels that could be banned from the region, have been reported sold for demolition at the record rate of $434 per ldt.
- Halliwell to succeed Miles in CP Ships top jobs reshuffle
FRANK Halliwell is to succeed Ray Miles as chief executive of CP Ships, one of the most high-profile positions in container shipping.
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| FEBRUARY 16, 2004 |
- Forth Ports talks tall storeys
UK-based Forth Ports is talking with a developer in Manchester about construction of a 47-storey hotel/residential block that would be Scotland’s tallest building, if approval is given
- Halliwell to take over at CP Ships
RAY Miles is to bring his 15 years as CP Ships’ chief executive to an end as part of wide-ranging management changes at the UK-based container ship operator
- Mayor pleads for Chantiers support
THE mayor of St Nazaire has pleaded for the French government to intervene on behalf of shipbuilder Chantiers de l’Atlantique
- US ferry funding to triple
US government funding for the construction of ferries and ferry terminals will triple, from $38M to $120M a year, as a result of a Senate amendment passed last week
- Vessel breaking up off Madagascar
THE 8,900dwt general cargo vessel Sprinta is reported to have run aground off the coast of Madagascar and has begun breaking up
- Unfilled capacity burdens Bidcorp
BIDCORP, the UK-based shipping, port and property subsidiary of South African conglomerate Bidvest, has issued 'disappointing' six-month figures
- Stena Nautica still in danger
- USCG expands Caribbean territory
- Ballast water disappointment
- Boxships in uncharted territory
- Marseilles backs maritime motorways
- Pride of America towed to drydock
- Crew lost as Greek vessel goes down
- Dalrymple Bay coal loading halted
- PSA cements Antwerp concession
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| FEBRUARY 16, 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 16, 2004 |
- CMA CGM may pull out of JNPT bidding, but remains bullish about India
CMA CGM’s consortium is now considered unlikely to pursue its Nhava Sheva terminal bid, but remains bullish about India, seeking other terminal investments, and entering the agency business.
- Users to pay for Melbourne channel-deepening
- Big-bang rise for LA January figures, but empty containers increase
- S.Korean intra-Asia operators expand services
- Indian ports to reduce vessel-related tariff to compete with Colombo
- CP Ships reshuffles management but keeps multi-branding strategy
- Ennshafen forges ahead with container terminal plans
- CN ceo sees big container future for Prince Rupert
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| FEBRUARY 16, 2004 |
- Latvian makes it a dozen
Riga owner likely to add four Korean tankers to Croatian octet confirmed last month.
- B&N rings up $20m loss
Swedish owner takes heavy restructuring hit but expects good times in 2004.
- Work continues on listing Stena ferry
Company says situation remains "very serious".
- Five stowaways found on bulker
Captain informs US authorities after two crew allegedly caught smuggling Chinese men.
- India crests $400 mark for scrap tankers
But market remains deathly quiet as owners opt to delay demolition plans.
- Tankers collide in Georgian port
News continues to emerge of Black Sea storm chaos, as severe weather subsides.
- Pride of America back on even keel
NCL’s cruiseship refloated after a weekend of pumping by Smit at Lloyd Werft in Germany.
- Halliwell to head CP Ships
Succession outlined for boxship owner as Ray Miles (right) steps aside.
- Bulker boom boosts Japanese ship finance bank
Sumitomo Mitsui only too happy to hand over cash for owners to order more ships.
- Elysian Cruises eyes Festival duo
US venture says it is in talks with potential charterers.
- Holed Stena ferry towed into port
Master of cargoship Joanna says he took action to avoid collision.
- Cabotage to boost Indonesian owners
Foreign vessels could be banned from domestic voyages within three years.
- Meiji Shipping on target
Japanese tanker, bulker and car carrier owner enjoys profitable first nine months.
- Bidcorp comes up short
UK ro-ro and ports owner rues expanded route network as costs rise and losses grow.
- Stena ferry holed
Passengers and crew evacuated after collision off Swedish coast.
- Torm bulker makes Aussie detention list
Danish-owned bulker among 16 ships held in Australia last month for port state control deficiencies.
- Virus strikes Carnival's Celebration
Over 300 passengers and crew struck down by mystery illness during cruise to Mexico.
- Profits leap at Thoresen Thai
Strong freight rates plus numerous ship acquisitions have bolstered Thai shipowner's performance.
- MBC cashes in on tanker resale
Malaysian Bulk Carriers confirms $5m profit on panamax tanker resale to Bernard Schulte.
- Rates cut at Bandar Abbas
EMERA container conference is reducing the congestion surcharge to port in southern Iran.
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| FEBRUARY 16, 2004 |
- Yang Ming's profits soar
- Maersk Sealand prepares for Canadian 24-hour rule
- Northwest Airlines eyes more China freight
- Intermodal posts 8.8 percent growth in 4Q
- U.S. trucking, warehouse industries posted higher revenues in 2002
- Highway bill could be first to face Bush veto pen
- Phoenix names director of global accounts
- U.S. trade deficit reaches $489 billion
- WFP carries out night-time airlift of aid in Chad
- Exel acquires Fujitsu's logistics arm
- New Zealand Customs wants correct container numbers
- NLRB to order Evergreen/ILA negotiations
- January inbound containers up 29 percent in L.A.
- PSA gets new Antwerp box terminal concession
- Georgia Ports seek chief operating officer
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| FEBRUARY 16, 2004 |
- "Stena Nautica" still sinking alongside
The situation for "Stena Nautica" is still serious. The vessel has suffered two holes in the starboard quarter and four ...
- B&N vessels becomes Coast Guard vessels?
In December, the Swedish Government received from the Coast Guard a study and a proposal to acquire three large multipurpose ...
- Former "Scandinavian Star" sold for breaking up in India
Florida-based International Shipping Partners Inc has sold their ro-pax-vessel "Regal Voyager" for breaking up in India. This ...
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