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| MAY 17, 2004 |
Shipping News
- NOL cashes in on fleet repositioning
INNOVATIVE equipment repositioning was key to Neptune Orient Lines' stellar first quarter results which saw a seven-fold jump in net profit on the back of APL's surging liner business which contributed 79 per cent of total turnover.
- Port Klang's massive distriparks plan set to attract investors, lines
PORT Klang is set to attract interest from foreign investors, shipping lines and exporters when some 3,300 distribution parks are set up at the port by 2007.
- Wan Hai sees 31% rise in Asian rates
ASIA's biggest intra-regional shipper, Taiwan's Wan Hai Lines, expects freight rates to rise 31 per cent in 2004 due to soaring demand and a shortage of container capacity.
- US$850m revamp plan for Bayonne Port
NEW Jersey is spending as much as US$850 million to improve the Bayonne Military Ocean Terminal to accommodate a new port for Royal Caribbean Cruises Ltd, Governor James McGreevey said.
- SHIP SALES
DRY CARGO: THE Far Eastern Holidays have had a serious impact on this week's activity, although all the dry bulk sales reported have been to Chinese buyers.
Air and Land Transport
- High oil prices may hurt Asian airlines
ESCALATING jet fuel prices are threatening to clip the wings of Asian carriers just as they recover from last year's unprecedented travel slump brought on by the Severe Acute Respiratory Syndrome outbreak, analysts said.
- US Airways plans staff cut to avoid another bankruptcy
- Boeing settles part of sex discrimination suit
- Fraport's Q1 profit of 99m euros misses expectations
- Former US air base in Vietnam set to open to tourists flights
Dockyard
- Arab shipyard Asry gets into competitive mood
THE general mood from shiprepairers worldwide seems fairly upbeat now, which is as it should be when freight rates are generally buoyant.
Port Shots
- portshots
RESCUERS evacuated all 32 crew as a Chinese ship carrying fertiliser sank after it hit a shoal near Bangladesh's Chittagong port, officials said.
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| MAY 17, 2004 |
- Norasia offers Shanghai Express service
- Tianjin sets new freight handling records in April
- OOCL Ningbo named at Port of Ningbo in China
- IFLN hosts seventh conference
- Perishable conference scheduled for October in Dubai
- Exel appoints two Asia Pacific COOs
- PSA voted best container terminal operator in Asia
- Shandong expands fleet
- Korean Air net profit soars `spectacularly' in Q1
- Qatar Airlines to fly to 70 destinations by 2005
- Delta may file for bankruptcy as possible ploy: Utah airport officials
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| MAY 17, 2004 |
- Globelink WW India consolidates position - 4 fruitful years completed
- Gold jewellery set to yield exporters a richer haul - US turning out to be a treasure trove
- Hazardous cargo: MbPT tells handling agents to be careful
- CONCOR, Transworld Group ink JV to set up state-of-the-art CFS at Dadri, UP
- Samarth Lifters awarded iso 9001:2000 quality certificate
- SEZ units’ subcontracting norms revised - Drawback, DEPB schemes operationalised
- Engineering exports grow by 28 pc
- Industrial production index registers 7 pc growth in 2003-04, reveals CSO figures
- AEPC may become full-fledged export facilitation body
- Mumbai Customs set a ‘clear’ example!
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| MAY 14, 2004 |
- Claims of false bunker consumption dismissed by court
Charterer fails to provide sufficient evidence to prove case against ship owner of 'mis-described' bunker fuel costs.
- Lintec aims for routine screening of organic components
Testing company says it is looking at ways to routinely screen fuel samples for the types of contaminants which recently forced several vessels to debunker.
- High Baltic numbers still deterring buyers
- St. Petersburg prices sharply higher on jump in resupply cost
Fuel oil prices up as much as $35, making double-digit prices a fading memory.
- IFO380/IFO180 spread hits eight-year record premium
Requirement for cutter stocks sees IFO180 demand soar.
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| MAY 17, 2004 |
- Quintiq saves costs for Hydro Aluminium
- DBAG claims railway liberalisation is flagging
- Thiel Logistik grows revenue and profit in Q1/04
- Rail4chem hauls trains to Great Britain
- China Airlines orders two additional Boeing freighters
- Vopak to construct terminal on Jurong Island
- Prioglio President of Utenti Operatori Portuali
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| MAY 14, 2004 |
- Seabulk posts profit
Tankers and towing offset offshore
- Lintec confirms Fujairah bunker problems
Testing firm finds samples contaminated by chlorinated cleaning products
- International hikes coatings prices
Hit by soaring costs of copper and other raw materials
- Bill aims to boost port security
The Secure COAST Act, aims "to ensure the security of the American coastline from terrorist attack."
- Move to curb Nvy foreign-built ship leases
House panel votes for one-year limit
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| MAY 14, 2004 |
- Panama Canal Authority to build barge in-house
- Rail carload numbers jump to five year high
- Crowley takes home six TMCA 'Tranny Awards'
- Sea-Tac Airport tips given for reducing traffic bottleneck
- P&O Nedlloyd sees turnaround in first fiscal quarter numbers
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| MAY 17, 2004 |
- Sea-Land Express master may face negligence charges
US AUTHORITIES may bring charges against the master of the Sea-Land Express, plus two other crewmembers, over the grounding of the containership near Cape Town last August.
- Terra Marique is fit for the job in every sense
THE Terra Marique, the Robert Wynn & Sons vessel built to transfer abnormal indivisible loads from the UK’s road network and onto the water, squeezed through the Gainsborough road bridge last week, whose clearances determined the vessel’s design, writes Hugh O’Mahony.
- Bulk carrier losses at lowest level in almost a decade, says Intercargo
BULK carrier losses declined to their lowest level in almost a decade last year, according to the annual casualty report published by trade association Intercargo.
- Drift from EU flags worries Irish minister
THE Irish minister for the marine, Dermot Ahern, in his role as president of the European Commission in relation to maritime matters, has expressed concern about what he termed "the steady drift" of the European Union fleet towards "flags of convenience".
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| MAY 14, 2004 |
- Metro seeks ways to spin off Nenaco
METRO Pacific Corp, the Philippines-based property conglomerate, is exploring ways to 'reposition’ its investment in troubled ferry operator Negros Navigation Co (Nenaco)
- Rough start for Spirit of Ontario
CANADIAN American Transportation System's new high speed superferry Spirit of Ontario is having a rough start
- Litigation gain keeps Seabulk ahead
SEABULK International continues to report "weak" performance in its US trades, offset by strong results internationally
- Bergesen LPG carrier in collision
BERGESEN-operated LPG tanker Berge Nice was hit on Wednesday by a supply vessel in the eastern mouth of the Strait of Magellan
- Fuel removed from grounded LeConte
A salvage team has successfully offloaded 77 tonnes of diesel fuel from the grounded Alaska Marine Highway ferry LeConte
- Sterling reassures P&O shareholders
P&O Group chairman Lord Sterling told shareholders today that the company is "dealing with those areas where returns need to be improved"
- Corsica Ferries hit by massive fine
- Chantiers gangway 'badly designed'
- Tanjung Pelepas already in profit
- Greece: new ferry bomb threat
- Busan dredges, offers inducements
- Work starts on Taipei box terminal
- Capes bring profit for Keoyang
- Vessel sinks after collision
- Communists push for policy change
- China completes giant tanker berth
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| MAY 14, 2004 |
- Port of L.A. to greet first 'cold iron' call
China Shipping Container Line vessel slated to plug into shoreside electrical power at opening of Los Angeles terminal Monday, ending long legal battle.
- Mail, acquisition costs hit Deutsche Post net
- Taiwan port free-trade zone courts investment
- Record earnings for MOL
- "K" Line profit soars
- Democrats propose rail, mass transit security bill
- NJ legislators plan chassis safety hearing
- Pakistan says it will meet maritime security deadline
- Another fuel charge hike for Lufthansa?
- U.S. lags as Panalpina boosts sales
- New delays for Trailer Bridge results
- Menlo to manage IBM North America logistics
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| MAY 14, 2004 |
- Baltic/Moscow rail link fails to draw cargo
The Riga-Moscow scheduled box-train, launched late last year, has been suspended through lack of cargo, ci-online has learned.
- China’s Communications’ minister opens Log’s event
- Growing demand brings favourable Q1 profit to CIMC
- Heung-A sees surge in net profit
- OOCL name latest super-post panamax vessel
- Med/Canada Freight Conference raises rates
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| MAY 14, 2004 |
- Kyoei up, Taiheiyo down
Two smaller Japanese shipowners, controlled by NYK, experienced mixed fortunes in the year to 31 March.
- Petronet to seek more LNG ships
India’s first LNG importer is to go out to the market for up to four ships in next few months.
- Tricolor wreck removal resumes
Salvors in the red as they prepare to finish disposal of Wilhelmsen car carrier.
- Transneft talks ice-class
President says 27 new vessels will be available to back Primorsk terminal growth.
- Hanjin, Samsung profits fall
Weak ships prices in 2001 again blamed for dip in Korean yards' first quarter result.
- UK nabs corroded bulker
UK port state control inspectors detain 20 ships during March.
- P&O warns on tough ferry market
Lord Sterling cautions AGM on ferry outlook but is upbeat on core port business.
- Birka reconsiders Riga calls
Finnish ferry line may scrap Latvian stops in port fee row.
- ExxonMobil in tanker fraud row
Oil major denies wrongdoing as Argentina investigates oil shipment.
- Daewoo plans stock boost
Korean yard in share buy-back and trend-bucking profit in first quarter.
- Hyundai Heavy rues price slide
Korean yard sees first quarter profit slump as payments for ships ordered in weak 2001 market take toll.
- CSDC defends charter record
Hong Kong-listed owner hits back at allegations of "below-market-rate" group deals.
- CMA-CGM takes Kuwaiti partner
French boxship giant forms new Gulf company with ship agency Bahar.
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| MAY 14, 2004 |
- Report: China Shipping IPO to raise lower proceeds
- Med/Canada carriers raise rates
- Deutsche Post results down despite higher logistics, express figures
- U.S. DOT says Astar not under foreign influence
- Teamsters back New Jersey bill on safe chassis
- e2e Logistics offers freight forwarding software
- FCL Carriers enters Pacific trade, offers rate match system
- Customs to change shipper definition, seek more info from importers
- Democrats introduce container security bill
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| MAY 14, 2004 |
- New DFDS-name to the first Swedish Flower-class vessel
"Tor Begonia" was the name to Flensburg Schiffsbau Ges newbuilding number 724, which was launched today. The newbuilding it the ...
- DFDS increases capacity on EuroBridge
The Germany road tax that will be imposed from 1 January 2005 is expected to increase demand for sea transportation ...
- Cruising keeps growing
A total of 13,687,761 passengers travelled on cruise ships last year. This is the first time the 13-million mark ...
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