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| FEBRUARY 18, 2004 |
Shipping News
- 2003 a tough year for local marine industry
SINGAPORE's marine and aerospace industries both suffered contractions in 2003, while competition toughened for logistics business, but the Economic Development Board remains confident that growth will be achieved across the board this year.
- HK container traffic down 0.9% in January
HONG Kong, the world's busiest container port, handled 0.9 per cent less container traffic in January, partly due to the Chinese New Year holiday, the city's Port Development Council said.
- Portek signs deals worth $22m
CRANE leasing group Portek International has signed six contracts worth a total of $22 million, including a deal with Hutchison Port Holdings that indicates the Singapore group has mended its relationship with the world's biggest terminal operator.
- Wallem Group takes over Harpers Shipping
HONG Kong's Wallem Group has acquired Harpers Shipping from Salenia of Sweden for an undisclosed price, the Wallem Group announced recently.
- Freight market
A HEALTHY outlook for demand for new South American crops is pushing Panamax dry bulk rates back towards record highs seen earlier this month on insatiable Chinese demand, brokers said yesterday.
Air and Land Transport
- Paris airport strike fallout not as bad as feared
DESPITE fears of spreading disruption, Paris' main international airport was spared the repercussions early yesterday of an air traffic controllers' strike that was to force cancellations for a second day at Paris' No 2 airport, Orly, aviation authorities said.
- Thai Air refinancing debt to cut forex risk
- Alitalia presses govt to approve job cuts
- Boeing Capital seeks nod for its Hawaiian Air revamp
- Senai Airport enjoys higher sales
- France deterring budget air travel?
Strait Talk
- A sea of changes in industrial relations
LAST week, the International Maritime Employers Committee held its annual general meeting in London.
Bulletin Board
- Bulletin Board
Hapag-Lloyd has appointed Kay Baden, 43, as head of its newly created Investor Relations division, reporting directly to executive chairman Michael Behrendt, 52, in preparation for the group's IPO in the second half of 2004.
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| FEBRUARY 18, 2004 |
- Hanjin to leave CSXWT for HIT
- Over-tonnage could drive rivals out of business, says CMA CGM chairman
- MOL forecasts higher revenues for FY2003
- Singapore calls for IT investment in shipping industry
- Panama, Singapore to flesh out free trade agreement
- Exel to buy Fujitsu Logistics
- FedEx ties up Kinko purchase
- Dragonair to fly to more China destinations
- Hainan air passengers, cargo soar in January
- Emirates' Cargo manager elected GCCI president
- DHL goes green
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| FEBRUARY 18, 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 17, 2004 |
- Boost for ECO Phoenix cargo trade through new terminal
ECO Phoenix's deputy general manager, Vladimir Gryzlov, said: "Our new terminal, opened in late November, significantly strengthens ECO Phoenix's position as a player in the cargo trades to North European bunkering centres and as a supplier of straight-run HFO for North West European refineries."
- Oversupply fears weigh on Asian fuel oil markets
Mounting supply in southern China's key Huangpu fuel oil hub combined with expectation of several arbitrage cargoes headed for Asia in March were weighing down the region's fuel oil markets today. However, a source close to the Singapore cargo market told Bunkerworld that several recent VLCC fixtures for fuel oil cargoes from Latin America to Singapore had been cancelled.
- Demand picks up on steady East Coast
- Heavily congested Fujairah runs short on avails again
Overall product levels are not about to get any better in Fujairah, with players becoming increasingly heavily committed in the port again.
- Tight and congested Hong Kong sees no improvement
A re-supply cargo is expected at the end of this week, but with the majority of Hong Kong's product currently heavily committed, it looks likely that most of the new product will also be spoken for.
- Uruguay: Market update and holiday notice
- Brazilian market update
- DNVPS announces retirement of Rex Lim and new MD
DNV Petroleum Services (DNVPS) today announced that Rex Lim has retired after 18 years of service, with Per Holmvang succeeding him as the company's managing director. The new MD said Lim, who has been credited for growing DNVPS into a multi-national business and global leader in the field of marine fuel testing services, would be "a tough act to follow".
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| FEBRUARY 17, 2004 |
- Pride of America refloated
- Halliwell to become CP Ships’ CEO
- Drunk master banned from US waters
- LR launches security news service
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| FEBRUARY 17, 2004 |
- Pride of America is afloat again
Damaged cruise newbuilding is back in dry dock
- ENSCO orders premium jackup from Keppel FELS
Will exchange three ENSCO rigs and $55 million of cash for the construction of a new high performance premium jackup rig.
- Promotions at NASSCO
Janice Grace becomes SVP Operations
- CP ships announces succession plan
Ray Miles to becomes Chairman and Frank Halliwell CEO
- SCR for products tankers
Munters systems ordered for Brostroms vessels building in China
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| FEBRUARY 18, 2004 |
- European box ports facing gridlock says Wang
OOCL has voiced serious worries that European container terminals will be unable to accommodate the future growth of the box business, as they are already very congested.
- Titan becomes south east Asian bunker giant after buying Neptune for $103m
TITAN Holdings has overnight become a major player in the south east Asian oil transport and bunkering businesses with the $103m acquisition of Neptune Associated Shipping.
- Sale marks NOL’s exit from tanker shipping
THE sale of Neptune Associated Shipping for an $8m profit marks Neptune Orient Lines’ exit from tanker shipping, writes Marcus Hand in Singapore.
- Stena tries to salvage part of Irish Sea ferry deal with P&O
SWEDISH ferry giant Stena Line is still in talks with rival P&O to salvage the half of its Irish Sea deal that did not hit opposition a fortnight ago from the UK’s competition watchdog, it emerged yesterday.
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| FEBRUARY 17, 2004 |
- Hit and run ship named
FRENCH TV channel LCI has accused the Filipino-flagged Seattle Trader of sinking French trawler Bugaled Breizh, killing all five fishermen
- Government demands Rotterdam share
IN a surprise move, the Dutch government has demanded a majority shareholding in Rotterdam Municipal Port Management, which is currently held by Rotterdam
- Divers fix Stena Nautica’s hull
DIVERS are working in the Swedish port of Varberg to weld steel plates on the hull of the Stena Nautica, which was involved in a collision with a Polish vessel yesterday
- Italian regions demand bigger say
THE Italian regions have presented a bill to the parliament’s Transport Committee, which would give them more power on ports issues
- ISS expands Antwerp operation
INCHCAPE Shipping Services (ISS) has boosted its Antwerp operations with the acquisition of the Ancon intermodal depot
- Drop in new tonnage drives 2004
ODFJELL, the chemical carrier and tank terminals group has forecast a strong year, citing the slowing down of new tonnage coupled with increased demand
- Japan cautious on North Korea ban
- Way Clear for Hibiki
- Latvian unveils fleet renewal
- Abidjan set for massive expansion
- Emeraude re-emerges under a new name
- DNVPS stalwart retires
- PSA expands management
- NOL sells product tanker arm
- Faulty radar blamed for collision
- PONL proceeds with newbuilds
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| FEBRUARY 17, 2004 |
- Strike looms at CN
About 5,800 Canadian National Railway workers, after rejecting a tentative labor agreement negotiated by their leadership, are set to strike at 12.01 a.m. Friday.
- EU takes 'zeroing' case to WTO
The European Union asked the World Trade Organization to investigate U.S. methods of calculating anti-dumping duties on hundreds of millions of dollars of European exports, further straining trans-Atlantic relations.
- Coast Guard probes ship collision
Three ships involved in a collision Sunday in the Kill Van Kull remain anchored in New Jersey and Staten Island
- CSX World Terminals unit secures financing for China project
- Revenue, business soar at TradeCard
- Shippers, carriers get security break in Malaysia
- NOL exits tanker business
- Exel to acquire Japanese company
- EU passes bill to crack down on foreign airline subsidies
- Halliwell to succeed Miles as CP Ships' CEO
- DHL-Airborne integration advances
- Phoenix International, Geodis forge alliance
- Frankfurt Airport tests iris scan for passengers
- Incheon Airport expands customs coverage
- USCO assumes Kuehne & Nagel's name
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| FEBRUARY 17, 2004 |
- Grand Alliance confirms Ceres Paragon interest
Concerns over the ability of Europe’s leading ports to cope with the demands set by mega-vessels has led the Grand Alliance (GA) to consider using Amsterdam’s controversial Ceres Paragon Terminal (CPT).
- Germany ditches Toll Collect
Germany’s transport minister Manfred Stolpe announced this morning that he was terminating the contract with the consortium Toll Collect after an eleven-hour overnight negotiation session and months of technical problems.
- Arctic wind blows freight off the rails
- Canadian intermodal strike looms as staff reject negotiated agreements
- USCG warns foreign carriers over security assessments
- Port of Hamburg picks up 26% stake in JNPT bidding consortium
- MTL to take 65% stake in new Shenzhen project
- CMA CGM North Africa Service extended
- Lyttelton container trade recovers as reforms take hold
- Customer loss sends Dutch agent into administration
- Volume surge spurs Georgia restructuring
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| FEBRUARY 17, 2004 |
- OSG bonds rated BB+
Stable outlook for company ahead of notes offering.
- Thenamaris wins green award
Greek company fourth owner to meet ‘exceptional’ standards set by Washington.
- Izar workers clash with police
Fifteen injured after police storm shipyard plant.
- Stelmar steady
Profits dip after ship sale, but operating days set to jump.
- Latvians in for Andromeda handysizes
Three 2003-built ships could change hands as Latvian Shipping splashes more cash.
- Stena withdraws Irish Sea plans
After UK blocks purchase of P&O ferries, Swedish owner calls time on Ireland’s own competition probe.
- Spotlight falls on Joanna's master
Swedish police limit travel for captain whose ship hit Stena ferry.
- Shipping boosts BG’s LNG income
UK-listed energy company logs greatly improved returns.
- CMA-CGM starts Tunisia run
French boxship owner links western Med to Tunis using 220-teu vessel.
- Titan buys NOL out of tankers
Singapore-based owner acquires product tanker fleet.
- B&N shares fall as outlook brightens
Hakan Larsson is on course for a SEK 100m turnaround at Swedish shipping group.
- War chest grows at Sea Containers
New bond issue to fund acquisitions and retire some of ferry owner’s debt.
- New York sees maritime pile-up
Boxship, bulker and OBO Carrier caught up in Kill Van Kull channel collision.
- Ukrferry to make cash call
Ukrainian freight ferry operator to issue shares to build fund for fleet renewal.
- K Line to study coastal LNG with Statoil
Japanese owner wins chance to be partner on planned mini LNG ships.
- MISC may drop American tanker tag
Fear of terror attacks could prompt Malaysian owner to change name of American Eagle Tankers.
- Aussies stop Shell chartered aframax
Oil spill prevents Jahre Dahl Bergesen-managed Eurydice from entering Sydney Harbour.
- Kuribayashi on the up
Japanese ro-ro owner continues to build profits in first nine months.
- Kuok back on top
Pacific Carriers and Malaysian Bulk Carriers owner sees wealth nearly double in twelve months.
- Singapore Shipping Corp fixes boxships
Italian operator Lloyd Triestino takes HSH Kusu and HSH Ubin on 18-month charters.
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| FEBRUARY 17, 2004 |
- Halliwell to become CEO of CP Ships
- Neptune Orient Lines completes exit from tanker shipping
- OOCL parent raises $150 million in equity
- Three ships collide near Bayonne
- MOL takes Europe/Saudi Arabia slots from Norasia
- Europe/Australia/New Zealand carriers raise rates
- CMA CGM adds shortsea Tunisia link in western Med
- "K" Line orders bulk vessel for European arm
- Phoenix International, Geodis cooperate
- DHS human resources system gets facelift
- USTR public meeting on Andean free-trade agreement
- Proposed inspection fee increase rattles U.S. grain shippers
- Canadian border checkpoint closed after explosives found in car
- U.K. companies see cost cut priority in logistics
- EC proposes EU-wide port security program
- SeaSecure's Petersen appointed to Florida security committee
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| FEBRUARY 17, 2004 |
- Crude tanker refused entry
Cyprus flag aframax crude tanker "Eurydice" of 94,941 DWT, commercially managed by Jahre Dahl Bergesen in Sandefjord, Norway, was refused ...
- Statoil and K-Line in coastal LNG
Norwegian oil company Statoil and Japanese owners K-Line have joined forces to study coastal LNG transportation when deliveries from ...
- "Stena Nautica" out of service for at least two months - costly salvage and repair
According to the first estimates, repairs of the collision-stricken ferry "Stena Nautica" will take at least eight weeks. Engine ...
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