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| AUGUST 18, 2004 |
Shipping News
- Evergreen forecast to turn in profit
TAIWAN's Evergreen Marine Corp, Asia's largest container shipping line by fleet size, may turn in a second quarter profit, joining the main Japanese and other East Asian lines benefitting from a global economic recovery which boosted demand for shipments to Europe and North America.
- ICTS profit doubles in first half
PHILIPPINES-based International Container Terminal Services Inc reported doubling of its net profit for the first six months of 2004, boosted by its Polish and Brazilian terminal subsidiaries.
- Keppel Cebu yard accident: findings out
INITIAL findings by labour authorities in the Philippines have pointed to a lack of coordination between subcontractors and their workers as the cause of an accident at the Keppel Cebu Shipyard in the Philippines last month.
- HK port traffic up 14.9% in July
TRAFFIC through Hong Kong, the world's busiest container port, rose 14.9 per cent in July, but lagged the increase in the neighbouring mainland Chinese city of Shenzhen, where costs are lower.
- Port Shots
LONDON PD Ports, a maritime and freight-forwarding services company, said profit rose for the three months ended June 30, as it made more money from property.
Air and Land Transport
- Thai Airways surprises with Q3 loss of 836m baht
STATE-owned Thai Airways International surprised the market on Monday with a third-quarter net loss despite improved passenger traffic, and now higher fuel prices has clouded the earnings outlook.
- BA forces EU review of Alitalia fare aid
- BA meets unions to avert strikes during bank holiday
- Rolls-Royce to supply engines for spy plane
- Airports of Thailand's profit soars 19%
Strait Talk
- Time for a ship's charter
THE recent case of two US oil terminals going to extreme measures to ensure security raises the question of just what a ship's master should be able to expect from a port.
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| AUGUST 18, 2004 |
- Nippon express selects Bolero system
- Long Beach throughput increases
- HK cross-boundary trucking industry in peril
- ICTSI H1 profits double
- Kuehne + Nagel/KWE extend agreement
- E-commerce development in China hampered by several factors
- Dragonair throughput up in July
- Coyne returns hub to France
- SAS Cargo makes executive appointments
- AirBridge Cargo expands management team
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| AUGUST 18, 2004 |
- Royal P&O Nedlloyd reports $ 121 m operating profit in H1
- Top Japan lines turn in huge Q1 profits
- MSC launch US West Coast service
- "K" Line raises earnings forecast
- MSC hires & promotes personnel
- Maersk Line branch in Chongqing
- ECU-Line service to Izmir
- Lakshadweep pushes for chartered shipping service
- DCM Hyundai exports open top containers to Balaji Shipping (UK)
- Dumping duty on sun control film mooted
- Dumping duty on shrimps: Andhra CM wants PM to intervene
- Plastic makers seek permission to import scrap
- Kulkarni backs strike by seafarers from Aug. 31
- CONCOR’s cold storage linkages
- CONCOR to set up 3 more ICDs in Gujarat
- Gujarat to spend Rs 280 crore on improving railway infrastructure
- Textile sector projected to grow to $ 85 bn by 2010
- Govt wants India Inc to take part in consultative process on WTO issues
- Bill for 8-digit classification code introduced in LS
- HAL bags its biggest-ever export deal
- Inflation climbs to 7.61 pc
- India-Brazil axis at WTO seen vital to protect farmers’ interests
- Fieo spreads awareness of Gulf market potential
- Seminar on ‘India—the Global Brand’ on Aug. 18-19
- CII session on Doha agenda, impact today
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| AUGUST 17, 2004 |
- MPA chief: Only nine QMBS certificates submitted - so far
Director of MPA, Capt. Khong Shen Ping reveals latest compliance figures and hints that fresh bunker licenses could be issued next year.
- Uruguay market update
- Fujairah supply looking good as demand eases off
The Fujairah bunker market has been on the quiet side so far this week, but rather than a product of buyers waiting for prices to fall, suppliers saw it as a lull after a period of heavy demand.
- Hong Kong buyers hold back for better deal
- Rotterdam steady at midday
- Brisbane sales growth marred by lack of infrastructure
Brisbane has seen bunker sales volumes increase steadily over the past five years, but the infrastructure is not in place to meet growing demand.
- Japan endures seasonal slump, surge in power demand
50% year-on-year increase in Japan's domestic fuel oil demand having little bearing on typically flat August bunker market, say players.
- Australian bunker sales slump follows regional trend
Reports earlier this week claimed Shell's sales in Sydney and Melbourne were down 30%. According to a Bunkerworld survey, this sales decrease is not limited to Shell's Australian operations.
- China: BP to lease over half its Nansha fuel oil storage
Four companies named in fuel oil storage deals at BP's Nansha oil terminal in Guangdong.
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| AUGUST 17, 2004 |
- Inforwarding to spread activities to France
- Rhine-Rhone coming off the back burner?
- DHL garners Samsung Eastern European logistics contract
- Ghana to revamp Railway Corporation
- Swiss improves results
- Containership charter market slowing down
- Management adjustments at Swiss
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| AUGUST 17, 2004 |
- CP cuts profits by US$41m
- FEFC plans security charges but warns of "severe disruption"
- AP Møller sells data arm to IBM
- "K" Line calls at Teesport
- Top shipping eurocrat’s "poor English"
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| AUGUST 17, 2004 |
- ILO seafarer ID convention set to enter force next year
- 2,000 mariners complete OMSA security training
- American Club's Moore sees two indicators of ISPS effectiveness
- Cable ship giant sold
- Navy contracts for GD yards
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| AUGUST 18, 2004 |
- P&O Nedlloyd faces Kroes dilemma
Royal P&O Nedlloyd could be forced to make a board change just a few months after securing a stock market listing, following the appointment of director Neelie Kroes (above) as the European Union’s new Competition Commissioner, writes Tony Grey.
- Temasek says it has no plans to change Neptune Orient Lines
TEMASEK Holdings says it has no intention of making major changes in the business of Neptune Orient Lines in its surprise mandatory takeover bid for the national Singapore shipping company.
- Explanation fails to halt CP Ships’ slide
CP Ships’ share price continued to slide in morning trading yesterday as the market reacted nervously to the company’s explanation about its accounting errors, and reports of flat conditions on the Atlantic.
- Charley is not such a darling to insurers
INSURERS of property/casualty business are unlikely to be able to halt the rating slide, despite the devastation caused in Florida by Hurricane Charley, insurance sources said.
- Copenhagen port ‘is not autonomous’
THE Port of Copenhagen does in fact belong to the state and is not autonomous, as the port had argued, the Danish Supreme Court ruled on yesterday.
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| AUGUST 17, 2004 |
- Masters and Mates admits mistakes
THE Masters and Mates Association of the Philippines (MMAP) has defended itself over accusations of fraud in complying with government financial and tax requirements
- St Lawrence Seaway hits highs
THE St Lawrence Seaway has achieved its highest traffic levels in the past year as a result of the strong North American economy
- Kalmar builds cranes in China
KALMAR Industries, a Swedish member of the Finnish engineering group Kone, is to build a 7,000m², $10M container-handling equipment assembly plant in Shanghai
- USSM challenges judge over Maersk
FIFTEEN subsidy contracts under the US Maritime Security Program remain an issue today as US Ship Management (USSM) asked a federal judge to reverse his ruling
- Hurricane damages US fruit crop
FLORIDA'S $1.5Bn citrus industry was hit hard by Hurricane Charley with as much of 15% of this year's crop destroyed by the storm in winds that reached 126kt
- US might go alone on tracking
THE IMO is continuing to study long-range vessel tracking, although the US may implement a 2,000 n-mile system unilaterally - if it can find the money
- Milford Haven seeks resolution
- Boxship held after collision
- Indian container terminal delay
- Iraqi-Iran relations
- Bugsier expands tug fleet
- Kazakhstan invests in Kiel
- NorseMerchant unveils strategy
- CP Ships quarterly results
- S Korean seafarers threaten strike
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| AUGUST 17, 2004 |
- Maersk Sealand quits trans-Pac group
Carrier says it can respond faster to customers' needs outside of discussion agreement in world's most important U.S. trade lane.
- Senate panel wants security upgrades now
- Customs to enforce truck e-reporting
- Record traffic for Seaway
- Rotterdam congestion delays ships
- FMC rules in Maryland ports case
- New president for UPS Canada
- Hong Kong losing edge to Shenzhen: Report
- Trade deficit for China in 2005?
- COAC solicits new members
- IBM buys Maersk parent's data unit
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| AUGUST 17, 2004 |
- Maersk Sealand withdraws from the TSA
Maersk Sealand confirmed that it has withdrawn from the Transpacific Stabilization Agreement (TSA) with effect from September 17.
- Final clearance for Freight Australia sale
The Victorian Government yesterday gave clearance for selling RailAmerica-owned Freight Australia (FA) to Patrick/Toll JV railco Pacific National (PN), after securing a number of undertakings over terminal and network access.
- Four week deadline for Temasek’s NOL offer
- Alianca upgrades its Mercosur service
- Korean union threatens action over working conditions
- Booming China volumes boost Cosco Pacific terminals
- President Bush hands Portland dredge lifeline
- Hanjin’s July container index up
- Driverless cranes will lift Shinsundae’s efficiency
- Marshall Islands signs security agreement with the US
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| AUGUST 17, 2004 |
- P&O Nedlloyd to regulate itself?
EU anti-cartel czarina Neelie Kroes could be in a Dutch dilemma.
- Unions in call to back Maersk
Co-operate in takeover of USSM containerships, MEBA tells members.
- Scrap levels demolished
Scrapping nearly half 2003 volumes as owners keep hold of money-making tonnage.
- Global Marine fetches $132m
Top submarine cable ship operator to be sold by Global Crossing.
- Feisty Crowley goes after insurers
Stinging asbestos losses have not scared Crowley off strategic acquisitions.
- NOL offer to expire Sept 15
State agency Temasek formally launches half-hearted takeover bid.
- Negros cries collision foul
But damages sought would be drop in the ocean for debt-laden Philippine shipowner.
- CP Ships outlook negative
Standard & Poor’s does not share container line’s view of brighter prospects.
- Damen swings yard axe
Tough competition and falling shiprepair activity set to cost 200 Dutch shiprepair jobs.
- NOL rides boxship boom
Takeover target Neptune Orient Lines says volumes and revenues per box showed a year-on-year increase last month.
- GSI posts improved interims
Guangzhou Shipyard International sees profits rise 14% as it calls time on container construction.
- It’s the economy, stupid
St Lawrence Seaway posts best mid-term results in five years as local demand picks up.
- Choked!
Russian oil companies delay plans for Iranian shipments across the Caspian, claims barge operator.
- Jaya soars on high oil price
Singapore owner and builder sees a 41% jump in profits on the back of active oil and gas sector.
- AMSA names new board members
Kenneth Moss and Allan Thomson appointed to board of Australian Maritime Safety Authority.
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| AUGUST 17, 2004 |
- CP Ships apologizes for accounting errors, reports profit downturn
- USSM attempts to stop transfer of 15 MSP ships to Maersk
- APL's rates still increasing
- Asia/Europe carriers to invoice ISPS surcharge
- Port of Antwerp first to link with GTN portal
- Volga-Dnepr expands management, B747 freighter operation capacity
- U.S. Customs sets rollout dates for truck manifest reporting
- Firm sought for Defense Department domestic freight moves
- Econocaribe starts LCL service from India to Charleston
- Global Link Logistics, Hipage pick Management Dynamics software
- WTO report says China will lead in textiles in 2005
- A.P. Moller-Maersk sells IT unit to IBM
- FDA revises compliance for prior notice of food imports
- FDA states contingency for systems failure involving prior notices
- SAP hinders HP
- New COAC members sought
- Two more Asia-Pacific ports ramp up for CSI
- Panama Canal celebrates 90 years
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| AUGUST 17, 2004 |
- Third trial in Gotland bribery case
On monday the third trial in the bribery case concerning the ferries ordered by the Swedish ferry and tanker owner ...
- Norwegian/Russian shipping cooperation
Norway and Russia have finally committed themselves to an accord to regulate the increasing tanker traffic in the Barents Sea ...
- Passenger numbers on København–Oslo reached all-time-high
In June, the capacity utilization on the two DFDS Seaways ferries on the København-Helsingborg-Oslo run reached 93 per ...
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