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| JUNE 17, 2004 |
Shipping News
- Call for coordinated patrols to fight piracy
SHIPOWNERS have called upon South-east Asian governments to carry out coordinated patrols regardless of a nation's territorial waters to counter the growing problem of piracy.
- Asian coast guard meeting to focus on terrorism threat
ASIAN coast guard officials from 16 countries, including Singapore, begin a two-day meeting in Tokyo today in an effort to forge greater cooperation in fighting piracy and the threat of maritime terrorism in the region.
- Indon tanker sales spark controversy
THE US$184 million purchase by Frontline of two Pertamina VLCCs under construction has caused a political row in Indonesia with some legislators threatening to veto the sale.
Air and Land Transport
- AirAsia may seek US and European funds
AIRASIA, South-east Asia's biggest budget carrier, said it may get loans from US and European government lenders to buy or lease new Airbus and Boeing aircraft.
- Transmile to buy 3 Boeing aircraft to expand to US
- 9/11 panel critical of US air defence: report
- New carrier Virgin America unveils jet purchases, lease plans
- LOG Book
Newbuilds
- Home, sweet sea home
THE idea of floating real estate is not entirely new and we have already had the Residensea project.
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| JUNE 17, 2004 |
- Ningbo Port Group and MSC to operate berths together
- TNT Express extends `Express Import' service
- Charges on Asia-Japan route to rise in July
- Pacific CMA appoints new CFO
- Singapore keen for more Chinese enterprises to set up shop
- New technology to improve ocean freight management
- P&O Nedlloyd to open office in St Petersburg
- Singapore-China air links boosted
- Air freight volume at Frankfurt Airport rises 18.2pc last month
- EGSAC appoints new Belgian member
- Lufthansa Cargo changes sales management team
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| JUNE 17, 2004 |
- Tonnage tax regime may come with certain conditions
- Sensitive items import surges by 23 pc
- EU sets terms for basmati sops
- India, China may be invited to join industrialised club
- Good response to garments show in US
- Pak shares a cuppa joy! - ...slashes duties on tea
- India, Pakistan may soon resume maritime trade
- Pendency of ICD boxes at JNP comes to the fore once again
- JNPT files caveats to check PILs - 3rd box terminal privatisation
- Crown Transport hauls 100-tonne package from Kolkata to Nepal
- Diesel costs a rupee more from now
- Govt likely to continue tax holidays enjoyed by export-oriented units
- Growth in services sector to continue: CII
- Branded food products in a jam; may now attract duty
- Union Cabinet clears Bangalore airport project
- Plea to exclude tobacco from OGL list
- Auto parts units seek deemed export industry status
- EPCs optimistic of achieving even 15 pc export growth rate
- Cargo piles up at Chinese ports, yards due to shortage of railway wagons for transport
- Seatrade announces new maritime awards scheme
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| JUNE 16, 2004 |
- Qualcomm opens branch in Poland
- Romania to subsidise inland shipping
- Wincanton releases first full-year post-acquisition results
- Union Pacific starts work on new Dallas Intermodal Terminal
- Airlines react to terrorist attacks in Saudi Arabia
- Port of Montreal compliant with ISPS code and Canadian regulations
- Timotrans’ executive team expanded
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| JUNE 16, 2004 |
- Baltic cuts operating loss
- IndoChina UK to manage Norse Merchant Ferries
- Stolt-Nielsen noteholders dispute over
- ICS and Intertanko warn on EU emissions plan
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| JUNE 16, 2004 |
- ISPS compliance inches upwards
IMO releases new data--and ports are still lagging
- Trico Marine won't make interest payment
Says it "continues to analyze its financial restructuring alternatives"
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| JUNE 16, 2004 |
- Boeing team wins contract for U.S. Navy maritime aircraft
- Washington governor plans trade trip to Mexico
- Portland Airport offering series of new promotions
- TSA earmarks $2.2 million for Sea-Tac Airport security devices
- Horizon Lines wins contract for operation of MSC's T-AGS fleet
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| JUNE 17, 2004 |
- Cost cutting helps Baltic Exchange trim losses
THE Baltic Exchange has reported another operating deficit for the year to March 2004 but aggressive cost cutting saw losses trimmed by more than a third, from £1.9m in 2003 to £476,000.
- Investor caution spoils China Shipping’s stock market party
THERE was no tailwind to drive up China Shipping Container Lines stock market debut yesterday, with shares dropping 12% from their HK$3.175 (US$1.848) offer price.
- Is this coalition survey worthwhile, pointless, daft or all of the above?
THIS just has to be the most unusual customer satisfaction survey ever produced, writes David Osler.
- Exel in £328m bid for UK rival T&B
EXEL, the UK-based global freight and logistics operator, has made a £328m ($598) bid for home-grown rival Tibbett & Britain.
- EC tells Izar: no lifeline until illegal aid is repaid
ILLEGAL state aid paid to Izar must be repaid in full before any Spanish government rescue plan of the shipbuilder is considered, the European Commission warned yesterday.
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| JUNE 16, 2004 |
- Baltic information pays dividends
THE Baltic Exchange announced a sharp fall in operating losses today, down from £1.9M to £0.48M in the year to 31 March 2004
- Iran-Oman to establish shipping company
THE Islamic Republic of Iran and the Sultanate of Oman have agreed to establish a joint shipping company in a bid to boost trade between the two neighbours
- Tilbury first for FEU by standard rail
TILBURY, one of UK’s main container terminals, has become the first east coast box-port to be able to move 9ft 6in high containers on standard rail wagons
- Senior appointments at Stolt, WWL
OTTO Fritzner takes over as CEO of Stolt-Nielsen Transportation Group, as Ramond Fitzgerald moves across to head up Wallenius Wilhelmsen’s Ocean Services Division
- Pakistani car imports to boom
NEW and second-hand cars of different brands and engine size will start flooding the Pakistani market soon, following Islamabad’s drastic cut in import duty
- S Africa port concessions unclear
UNCERTAINTY over concessions for South African port terminals received little clarity from the new public enterprises minister, Alex Erwin, this week
- Unions raise privatisation debate
- Korea contracts 'threaten security'
- Steelmaker sells Tuapse stake
- New Singapore hot work guidelines
- Kalmar wins major Antwerp order
- Pertamina VLCC sale to be shelved
- Malta's Erika charges dropped
- Korea to increase oil reserves
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| JUNE 16, 2004 |
- Teamsters dispute roadability costs
Union says study show costs of inspecting and maintaining intermodal chassis not as onerous as predicted by carriers.
- Exel to buy Tibbett & Britten
Britain's leading logistics provider confirmed it has agreed to buy its smaller domestic rival for $601 million. Both have substantial U.S. operations.
- ISPS compliance up in latest IMO survey
- Tax changes would be boon to U.S. flag investors, says panel
- Chinese Shipping shares fall 12%
- Lykes Lines expands Pacific services
- Coast Guard sets ballast water reporting fines
- Singapore calls for wider Malacca security
- High-tech plan for Singapore logistics
- Long Beach ramping up cold-ironing plan
- New study examines FTA impact
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| JUNE 16, 2004 |
- Singapore extends port dues concession
The recovering economy has led to the Maritime and Port Authority of Singapore (MPA) to extend its 20% containership port dues concessions a further two years, until June 30, 2006.
- Summer slumber settles on stagnant charter market
- CSCL shares fall 11.8% on their Hang Seng debut
- Carriers could find lure of Asian volumes hard to resist
- ICF upbeat despite last year's loss
- Shipowners and port operators slow off ISPS mark
- Drewry's sets out limits to boxships' size
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| JUNE 16, 2004 |
- SFI off to quick start
New Frontline vehicle sees gains ahead of formal listing on New York Stock Exchange.
- Stolt gets it done
Company closes waiver deal with noteholders in nick of time by granting them unspecified security.
- On a roll
Shipping tops off ‘great’ year poised to take advantage of eager US capital markets, New York conference hears.
- Iraq-bound tankers will wait
Traders are expecting at least a two-week delay to loadings after pipeline attack this week.
- Bremer Vulkan chief on trial
Ex-boss of failed German shipyard awaits a verdict Friday in a tax evasion trial.
- Georgia holds cargoship
Russian-flagged ship detained and fined in Batumi for rule-breaking.
- ExxonMobil ties up VLCC
Oil giant takes tanker on charter for up to seven years at seemingly low rate.
- Owners appeal jail sentence
Spitzers bid to avert three years inside over tragic sinking that claimed 11 lives.
- CSCL sinks on debut
Shares crash back 12% on concerns that China’s freight demands have peaked.
- MPA extends boxship rebates
Containerships calling at Singapore set to enjoy 20% port dues concession for two more years.
- Baltic helped back to profit
London-based Exchange looking to keep up membership by opting for twice-yearly dividend handouts.
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| JUNE 16, 2004 |
- China Shipping stock falls on first day of trading
- CKYH alliance switches capacity from Atlantic to Pacific
- Rep. Jefferson’s ‘tonnage tax’ makes final cut of tax bill
- CMA CGM confirms Pacific deployment of 8,200-TEU ships
- Lykes confirms slot-charters on two Maersk transpacific loops
- Senator takes Montreal/north Europe slots
- Wallenius Wilhelmsen appoints Fitzgerald head of ocean services
- NYK adds Asia/Brazil peak season surcharge
- GAO: Some agencies ignored contract limits in Iraqi reconstruction
- Globe Express picks GT Nexus to manage ocean freight
- Exel prepares first RFID testing center
- GENCO’s supply chain division relocates in Green Bay
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| JUNE 16, 2004 |
- Ferries lose net wages from 2006
Norwegian ferry companies Color Line and Fjord Line lose their net wage arrangement from 1 January 2006 after a last ...
- EU ministers take hard line on pollution
Accidental pollution in EU territorial waters can be punishable by the crime of gross negligence, according to a majority of ...
- No "Erika" trial for Maltese authority in France
There will be no trial in France against the Maltese Maritime Authority and its head Lino Vassalo. Last year, they ...
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