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| JUNE 18, 2004 |
Shipping News
- Jakarta moots joint task force for straits
INDONESIA has proposed a joint maritime task force along with Singaporean and Malaysian forces to patrol the Straits of Malacca against piracy and terrorism, according to the country's navy chief.
- Mindanao terminal loses appeal to lift curbs
COMMERCIAL operations of the US$85 million Mindanao Container Terminal remains uncertain after a regional court denied the terminal's appeal to reverse an earlier temporary restraining order on its operations.
- Indon govt not to block Pertamina tanker sales
INDONESIA's government won't block PT Pertamina's sale of two vessels to Frontline Ltd even as Parliament wants the transaction scrapped.
- Port Klang signs MOU with Ningbo Port in China
THE Port Klang Authority has signed a memorandum of understanding with Ningbo Port Group Ltd of Zhenhai Province in China for cooperation in shipping.
- ISPS race still at a snail's pace
THE latest figures given by the International Maritime Organisation show that not much progress has been made by the world's shipping fleet and port facilities in complying with the International Ship and Port Facility Security Code.
- Keppel wins conversion deal
KEPPEL Shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine Limited, has secured an agreement to convert two tankers for Teekay Navion Shuttle Tankers .
Air and Land Transport
- Low-cost airlines set for explosive growth in Asia
ASIA is set for explosive growth in the low-cost airline business with dozens of new entrants taking to the skies and governments racing to liberalise their airspace, a leading analyst says.
- Fernandez welcomes Subang hub idea
- Model to help prosecution in Air India bombing trial
- Independence Air changes tack to tap budget market
- American Air CEO lobbies for routes to China
Admiralty Casebook
- Onus on underwriters to ensure loading supervision by insured
THE underwriters of a marine insurance policy have been told by a US court that they could not exclude liability for about US$38 million and had only themselves to blame for not ensuring that the cargo in question was not itemised as a 'critical item' in the policy.
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| JUNE 18, 2004 |
- HK records 21pc jump in container throughput for May
- Changjiang River ports cargo volume up, infrastructure to be built
- SSA completes acquisition of Arzoon Inc
- Singapore throughput rises 14.1pc over first five months
- Lykes Lines expands, upgrades Pacific services
- New railway container centre to be built in Dalian
- SIA sees combined passenger and cargo load improvement in May
- China Southern Xinjiang launches new international services
- DHL throws down US$150m advertising guantlet in US
- United Airlines names duo to management team
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| JUNE 18, 2004 |
- Wan Hai Lines to commence weekly China-Mid East service ex-Tuticorin Port
- World’s largest retailer, Wal-Mart, presents Maersk with double awards
- Exim Bank wins award for trade development
- Food product imports to undergo rigorous checks
- Dumping duty on metcoke withdrawn
- Shaping new foreign trade policy of India by a full time MOCI - Sudhakar Kasture
- Detailed report on Sethusamudram project to be ready by year-end, assures Minister
- Vizag Port sets brisk pace towards achieving break bulk, containerised cargo targets set for 2004-05
- Dock workers’ union Secretary, P. K. Raman, off to attend ITF meet in Berlin
- Andhra clocks 37 pc increase in software exports
- TN records 21 pc rise
- Bitter dose for sugar exporters
- Footwear industry wants ban on natural rubber export
- Minister sure of textile export boom in post-quota era
- Centre urged to remove excise duty on refined edible oils
- Global freight rates dip by 30 pc as China cools economy
- Pak body signs MoU with Chemexcil
- Fieo (WR) to hold series of seminars enlightening exporters on correct interpretation of Section 80HHC
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| JUNE 17, 2004 |
- Uruguay market receives another limited fuel parcel
The 'hand-to-mouth' supply situation continues in Uruguay.
- Oman port suspends anchorage STS bunker transfers
Arrival of Monsoon season requires that bunker deliveries conducted 'in port'.
- Low demand keeps soft Tokyo market adequately supplied
- Summer demand starts to bite in Italy
Prompt supply still possible but product stocks running short in major ports.
- Vysotsk terminal opening signals new Baltic bunker port
Opening ceremony of Vysotsk export terminal signals first stage in developement of new bunkering location in the Gulf of Finland.
- Donges barge fleet modernised with new double-hulls
One newbuild due in place this week, second arriving next month.
- Rotterdam firmer since opening
- EGPC cancels bunker tender for second month running
Egyptian state oil company reportedly abandons buy tender for Port Said and Suez bunker fuel.
- OPEC calls on non-members for more oil after Iraqi sabotage
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| JUNE 17, 2004 |
- CMB ponders Euronav spin-off
- IMB warning as Indonesia plans piracy talks
- Euro ports ready for ISPS code but want governments to pay
- Box boom continues at Marseilles
- Indonesian minister backs VLCC sales
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| JUNE 17, 2004 |
- VT Halter wins ATB contract
Two tug/barge units with an option for two more
- Carnival reports record quarter
$332 million net income on revenues of $2.3 billion
- Government won't block Pertamina VLCC sale
Jakarta Post quotes cabinet minister as saying sale to Frontline can proceed
- A.P. Moller gets Chinese shipbuilding credits
$400 million deal inked in Beijing
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| JUNE 17, 2004 |
- Marine Cargo Forecast sees 20 years of growth
- Corps eyes upgrade request for Port of Newport boat ramp
- Big Sky Airlines cutting Spokane to Olympia fare
- Washington State Ferries kills unescorted freight shipments
- Spokane International Airport adds wireless broadband network
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| JUNE 18, 2004 |
- CMB plans tanker arm spin off
Belgium’s leading bulk shipping group CMB expects to grant a separate stock market listing to its Euronav tanker subsidiary by spinning off the company to existing shareholders.
- De Palacio plays it again on port services directive
LOYOLA de Palacio will propose a new ports services directive before she leaves office, the EU Transport Commissioner told a bemused gathering of industry executives yesterday.
- Carnival on course for most profitable quarter in its history
CARNIVAL has announced a set of results that surpassed analyst expectations by a wide margin, heralding what the company believes will turn out to be the most profitable quarter in its history leading on to a bumper full year performance.
- Indonesian minister says Pertamina sale can go ahead
JUST two days after the Indonesian Parliament opposed the sale of two Pertamina very large crude carriers to Frontline, an Indonesian government minister has said it will not block the transaction.
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| JUNE 17, 2004 |
- Carnival posts 'remarkable' quarter
CARNIVAL Corp is on a roll, posting over double the earnings and a higher-than-expected yield gain for its second quarter
- N of E P&I sees reserves surge
SUBSTANTIAL improvement in investment returns has helped generate a 34% improvement in free reserves at North of England P&I Club at 20 February 2004
- China rejects more Brazilian soya
CHINA refused another soybean shipment from Brazil on yesterday on the grounds that it was contaminated with fungicides
- US tonnage tax getting closer
TONNAGE-based taxation for US flag vessels has moved a step closer with the passing of the American Jobs Creation Act of 2004 by the House Ways and Means Committee
- German states agree joint port policy
THE heads of the German states of Lower Saxony, Hamburg, Bremen and Schleswig-Holstein have agreed to support a joint North-German port policy
- Philippine operators in court fight
A regional court in the Philippines has upheld a request from Cagayan de Oro port operator Oroport to block operations at the new Mindanao Container Terminal
- Dire warning for tankers
- Best is yet to come, delegates hear
- German boatyard head found murdered
- PNG's new refinery opens
- Approval for Bremerhaven's CTIV
- Yangshan Phase 2 to cost $600M
- CSCL shares on the slide
- Tuticorin cuts charges
- Caspian overwhelmed by Russian oil
- Legal battle for JN third terminal
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| JUNE 17, 2004 |
- House repeals trade subsidies
Jobs bill could pave way for WTO to lift trade sanctions, also provides a tonnage tax alternative for U.S.-flag ships.
- CKYH lines cut Atlantic capacity
Cosco, Yang Ming, "K" Line and Hanjin to shift larger Atlantic vessels for smaller ships from Med lanes.
- MSC joins China box expansion project
- Lines to raise Asia-Japan rates: Report
- Prokop to lead Pacer Intl. warehousing
- Canaveral CEO stepping down
- Transmile to enter U.S. express market
- AOTOS to honor Ebeling, Magee
- Port expansion to boost Canadian National traffic
- Bayport groundbreaking planned
- C.H. Robinson acquires Chinese forwarder
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| JUNE 17, 2004 |
- Report backs Teamsters chassis inspection cost estimates
Increased inspections on ocean carriers’ chassis fleets in the US could be cheaper than opponents of legislation believe.
- Ceres Paragon closes in on first customer
A decision to move one or two Grand Alliance (GA) Asia loops from Rotterdam to Amsterdam could be taken within a few weeks.
- CP Ships launches ‘fastest’ China-Australia service
- Naples secures foothold in box handling market
- Seoul announces 2005 port investment programme
- Fesco launch Vladivostok and Anadyr shuttle
- First Japanese logistics company heads for Gwangyang
- CSG deploys another post panamax on the Asia/Europe route
- Shekou achieved record high volumes in May
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| JUNE 17, 2004 |
- Not worth a fight
OMI president Bugbee rules out any hostile pursuit of Stelmar shares in wake of merger blowup.
- Genmar out of gas
New York owner has given up hopes of entering LNG sector anytime soon, Peter G tells finance conference.
- CMB mulls Euronav listing
Belgian group sees tanker unit spin off as going ahead in fourth quarter.
- Nepia clocks up $34m surplus
Life on the Tyne looks fine despite big increase in P&I claims.
- Keppel captures Kaminesan
MOL VLCC has entered Singapore yard for repairs to damage sustained in collision with car carrier Hyundai 105.
- Minister backs VLCC sale
Indonesian government to defy parliament and allow sale of Pertamina tankers to Frontline.
- Shoot pirates on sight
Indonesian admiral Bernard Sondakh has a solution to attacks on merchant ships.
- US flag closer to tonnage tax
Measures under discussion could even include tax break for US owners of foreign-flag tonnage.
- Van Oord inks Bremerhaven deal
Dredging and marine contracting firm selected for fourth container terminal at German port.
- US holds Maersk gas carrier
Danish LPG ship among fourteen vessels detained for port state control deficiencies last month.
- Keystone sues American Club
Long term member turns to the courts over bid to deny cover for asbestos claims.
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| JUNE 17, 2004 |
- China Shipping shares drop again
- ACL joins U.S. equipment carrier grouping
- Pacer hit by U.S. work stoppages, rail problems
- Eimskip sets up reefer seafood forwarding company
- Exel acquires Tibbett & Britten Group for $600 million
- Commerce: Chinese ironing tables dumped on U.S. market
- IMO: port security work continues after July 1
- U.S. West Coast terminals confirm off-peak charges filing
- Port of Long Beach posts record monthly TEUs in May
- Panama Canal adopts security rules similar to ISPS code
- Saudi Arabian ports meet ISPS security deadline
- Tideworks introduces terminal gate system
- McLouth retires as CEO of Canaveral Port Authority
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| JUNE 17, 2004 |
- Investigator convinced of "Vladimir" guilt
Chief investigator of marine accidents at the Latvian Maritime Authority, Stanislaw Cakss is convinced that the hull damage found on ...
- 90-95 per cent of NIS vessel ISPS approved in time
Of the 895 vessels in the Norwegian International Register (NIS), 745 have now obtained ISPS approval, but the register believes ...
- Lindenau fully booked through 2005
German Tanker Shipping has placed its 15th tanker order with Lindeanu Werft. The order for a 32,000-DWT tanker came ...
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