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| AUGUST 17, 2004 |
Shipping News
- P&O set to develop port near Kolkata
P&O Ports looks set to add another port to its Indian network after securing the rights to become an investor in Bengal Port Ltd , which will develop a container and bulk port on the river Hooghly outside Kolkata.
- Daewoo Shipbuilding's first-half profit up 20%
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said its first-half profit rose 20 per cent from a year earlier because of increasing orders for cargo and container vessels.
- Supertanker rates may rise: broker
OIL companies and traders may pay more to hire supertankers if Venezuelan oil exports are disrupted in the aftermath of a vote that could remove President Hugo Chavez from office, New York-based shipbroker Poten & Partners said.
- Italian shipbuilder shows its mettle
ITALIAN shipbuilder Fincantieri marked its strength in naval buildings when it launched an aircraft carrier for the Italian Navy and announced contracts to be involved in constructing a new type of aircraft carrier for the Indian Navy.
- 12 injured in lifeboat accident
TWELVE people were hospitalised yesterday after a New Zealand navy ship's lifeboat plunged 10 metres into the water at a Sydney dock, the ship's commanding officer said.
Air and Land Transport
- Delta may expand routes, services to survive
THE chief executive of Delta Air Lines Inc may add more longer-haul routes, spend more on customer service and amenities and cede some US market share in a bid to help ensure the No 3 US airline's survival, the Wall Street Journal said yesterday.
- BA must raise wages to avoid strikes: union
- Austrian July traffic up 28% on more long-haul routes
- Vietnam Air not allowed to raise fares
- Bomb alerts affect three flights to Frankfurt
- Dragonair's July passenger, cargo traffic hits new highs
Features
- Panama Canal gears up for possible attacks
THE US Coast Guard boarded the ship in the choppy Caribbean waters and began counting crew members, but the numbers did not match those given earlier.
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| AUGUST 17, 2004 |
- Expansion projects at Tianjin port underway
- Shipping IT conference to be held in Hong Kong
- Panalpina receives global supplier award
- "K" Line to end Portland service
- Investors sue CP Ships following earnings restatement
- Mullen appointed US trade relations head
- HK airport sees throughput increase in July
- Lufthansa adds two services to Tokyo
- Korean Air operating profit skyrockets
- SIA Cargo increases freighter fleet
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| AUGUST 17, 2004 |
- Marine insurer Dex poised for growth
- EU agrees to allow duty-free import of brown basmati from September 1
- Dairy industry set to milk overseas markets
- Dumping duty on SBR to stay
- Exports to US total $ 13 bn
- Developed container terminal at Kolkata Port slated for commissioning next month
- ICTT at Cochin Port hinges on CCEA nod
- IPBCC to charge 7.3 pc CAF from September 1
- BGTA chief makes out case against service tax
- Transworld Logistics achieves another milestone in projects & break-bulk handling
- Bombay Goods Transport Association prepares for all-India strike from Aug. 21
- Forex reserves dipped by $ 1,256 million to $ 1,18,319 million
- NFTP to provide level playing field for DTAs, SEZs & EOUs
- Call to set up SEZs in Punjab
- Duty cuts proposed for sale of SEZ goods in local market
- Forex reserves rise by $ 1.01 bn
- Rs 6,500-cr. road projects in N-E approved
- Meeting on FDI at IMC today
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| AUGUST 16, 2004 |
- Former Bominflot MD heads new company
Newly-formed UK-based company, headed by former Bominflot UK managing director David Price, agrees initial deal with US-based supplier and trader Bunkers LLC.
- Gibraltar firmer in tune with latest cargo gains
- Suez sees brisk trade as numbers rise
New cargo sees Suez MGO numbers catch up with the market.
- Korean HSFO exports abate bunker oversupply fears
Heavy sulphur fuel oil exports ease fears of oversupply in country's bunker market.
- Changes at Petco
- Rotterdam firm with crude this morning
- West-east arbitrage window re-opens
West-east arbitrage opening prompts fixtures, but logistical problems limit Med and Black Sea opportunities.
- Dumping whistle-blowers receive $1 million 'thank you'
Whistle-blowers awarded half of dumping fine by US federal judge.
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| AUGUST 16, 2004 |
- Otal enhances its website
- New maximum truck payloads in Niger
- trans-o-flex introduces temperature-controlled transportation
- Estonian railways stagnates at last year's levels
- New Beirut-based airline
- Automobile growth in port of Malmö
- GLS - change in Finnish leadership
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| AUGUST 16, 2004 |
- Anglo-Eastern to manage two more LNG ships
- NoE sticks to "conservative approach"
- Sabine fined US$2m
- NorseMerchant charters newbuildings
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| AUGUST 16, 2004 |
- Conrad names Hernandez EVP and COO
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| AUGUST 16, 2004 |
- President Bush wants $15 million for Columbia River channel deepening
- Transportation index hits highest total ever
- WPPA development committee sets seminar for Sept. 23 & 24
- APL adds new service connecting Vietnam with U.S.
- CBP taps Michael Mullen as Office of Trade Relations boss
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| AUGUST 17, 2004 |
- Lloyd’s escapes eye of insurance storm
LLOYD’S and the European market may escape serious damage from the claims aftermath of Hurricane Charley, which hit the coast of Florida and blew into the Carolinas, with an estimated total insured loss of $7bn-plus.
- ‘We’ve let investors down’ says Miles
CP Ships has “let down our investors and let down ourselves,” chairman Ray Miles admitted yesterday as the shipping line published its restated accounts.
- Iraq sabotage reignites oil prices
IRAQI oil exports remain volatile after new sabotage to oil field facilities left markets jittery and prices climbing again.
- Total in Shell takeover rumours
France’s Total oil group left the door open yesterday to speculation on a report that it was considering a takeover bid for its larger European competitor, Royal Dutch/Shell.
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| AUGUST 16, 2004 |
- CP Ships to address lawsuits today
CP SHIPS will comment on the wave of lawsuits filed against the company during a conference call on second quarter earnings later today
- Chavez claims victory
EMBATTLED Venezuelan leader Hugo Chavez has officially claimed victory in the referendum on his presidency
- Nervous oil futures hit new highs
AN EXPLOSION at a US oil refinery last week, fears of Iraqi terrorism and the weekend presidential election in Venezuela have spurred world oil futures to new highs
- NorseMerchant prepares for upgrade
IRISH Sea ferry operator NorseMerchant Ferries is upgrading its Birkenhead-Belfast service for both freight and passengers
- Maltese duty-free worries
YACHT agents in Malta are worried about losing out on providing duty-free fuel to yachts in Maltese harbours once a concession obtained from the EU comes to an end
- Shipyard probe findings released
LACK of co-ordination between subcontractors and their workers has been cited as the cause of an accident at the Keppel Cebu Shipyard in the Philippines last month
- Nenaco seeks damages for collision
- Charley spares maritime interests
- Teesport lands Euro-feeder scalp
- Columbia River funding reversal
- Am Stevedoring secures NY-NJ lease
- Seafarer killed by freak wave
- Panama Maritime Authority changes
- K Line may leave Portland
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| AUGUST 16, 2004 |
- California truck feud heats up
Truckers stir fight with terminal operators by filing last-minute legislation covering equipment detention fees and idling at ports.
- CP Ships says worst is over
Chairman calls restatement "a major blow," but says fundamental business remains strong.
- NOL rates gain in July
- Ports reopen after Charley passes
- Bush pledges $15 million for Oregon dredging
- USSM seeks to halt Maersk subsidy transfer
- Singapore Air boosts U.S. services
- KCS buys Mexico rail unit
- EU rebuffs Bush on Airbus aid
- Carriers consider Nehru charge
- Kintetsu joins GF-X
- Gunderson gets barge order
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| AUGUST 16, 2004 |
- CP Ships mulls vessel re-deployment as stagnant Atlantic trades hits returns
CP Ships is planning to re-structure its Atlantic services the company said today following its declining returns on the routes from Europe to the US and Canada.
- CIMC’s bond with steel manufacturers contributes to profit growth
Demand growth and close relationships with steel suppliers have helped Shanghai- box manufacturer China International Marine Containers (CIMC) achieve a 178% year-on-year increase in H1 net profits as steel prices surge.
- Massive wave kills CCS crewman
- Two more law firms join CP Ships class action
- APL sets record revenues/box in July
- Rate rises see Heung-A profits treble
- HPH appoints new ECT president
- K Line leaves Tyne for Teesport
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| AUGUST 16, 2004 |
- Tanker shares rally
Leftist Chavez' win in Venezuela warms capitalist hearts on Wall Street.
- Crude result in Venezuela?
Oil prices ease as Hugo Chavez declared victor in referendum on his presidency.
- Look who's 90!
Happy Birthday to shipping's grande dame in Latin America.
- Norilsk to go to tender
International yards to be invited to bid for ice class bulker newbuildings.
- CP Ships takes $41m hit
Under reporting of costs and other accounting errors prove to be larger than expected.
- Yard merger sparks fears
ThyssenKrupp set to end merchant shipbuilding at HDW and Blohm + Voss.
- Jinhui orders at Oshima
Hong Kong bulker owner hits newbuilding trail despite $67m freight futures loss.
- Steady as she goes at Precious
Bulker player boss Khalid Hashim says prospects over the next twelve months look “pretty amazing”.
- Yukos faces freight blow
Volgotanker refuses charter credit as top customer faces bankruptcy.
- Profits slide at Asimar
Thai stock listed shipbuilder and ship repairer sees second quarter results go from black to red.
- Wave kills crewman
One man dead and another seriously injured after containership is hit by rogue wave off Australia.
- Master wins compensation
Norwegian court orders payout over stress produced by slow investigation of reefer grounding.
- Profits jump at Jutha
Time charter business helps lift Thai owner, but it could have been even better but for exchange loss.
- Samsung profits tumble
Steel prices gobble up more yard surpluses, as builder reports 92% fall in operating result.
- Canaveral escapes Charley
Florida port reopens over the weekend after sustaining “minimal damage” from hurricane.
- Anglo-Eastern seals Bonny deal
Hong Kong shipmanager to provide technical management services for two LNG newbuildings.
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| AUGUST 16, 2004 |
- CP Ships faces class actions by stockholders
- Maersk Sealand provides direct Pacific link from Xingang, Qingdao
- U.S., Marshall Islands sign joint ship boarding agreement
- Kjaersvold named commercial VP at SAS Cargo
- Bush supports deepening of Columbia River shipping channel
- Kuehne + Nagel, Kintetsu World Express extend cooperation
- Kintetsu World Express joins GF-X portal
- U.S. considers pork exports from San Marino
- Brokers fret over U.S. Customs northern border tariff classification
- U.S. Customs expands Chicago port jurisdiction
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| AUGUST 16, 2004 |
- "Transgard" converted to vehicle carrier
Åland-based Bror Husell Chartering has entered a 10 year charter contract with UECC and will convert the ro-ro ...
- Crystal Pool orders ice-strengthened chem carriers
Finland’s Crystal Pool has ordered two ice-strengthened, 10,000-DWT chemical carriers. the vessels will be built in south Korea ...
- OVDS faces new problems
Ofoten og Vesteraalens Dampskibsselskap (OVDS) faces a mountain of problems after being convicted of embezzlement of government subsidies. The Norwegian ...
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