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| AUGUST 19, 2004 |
Shipping News
- TSA counting on cargo demand to outpace capacity
FORECASTING a 10-12 per cent growth on the transpacific container trade this year, the trade's 14 key members are optimistic that cargo demand will continue to outpace capacity, despite massive newbuilding orders comprising nearly half of the existing fleet.
- Kuwait tanker firm orders 3 more ships
THE state-owned Kuwait Oil Tanker Co has signed a contract with South Korea's Hyundai Heavy Industries Co for three more vessels following four tankers ordered last week.
- Two indicators to judge success of ISPS Code
THE success or failure of the ISPS Code can be measured by two key indicators - the incidence of stowaways and piracy/armed robbery, according to the US-based marine mutual liability insurer American Club.
- Zim's Q2 profit soars
ISRAEL's largest shipping firm Zim Integrated Shipping Services Ltd said yesterday it posted a sharply higher net profit in the second quarter, boosted by one-time charges related to the sale of two ships.
- Scrap Market
OIL tankers sold for scrap at ship breaking yards fell 40 per cent during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence & Young said.
Air and Land Transport
- BA sweetens pay offer to prevent costly strike
BRITISH Airways improved a pay offer for ground staff on Tuesday in a bid to stave off a planned 24-hour strike that threatens to disrupt travel at Britain's main airports during a key holiday.
- American, United agree to back temporary flight caps at O'Hare
- Air India fleet may be world's oldest
- Paris terminal partially reopens
- Aer Lingus workers approve strike over 1,300 job cuts
- Cathay pulls up crew after tight landing
Features
- A big STEP towards growth
MOL has stated that MOL STEP is a blueprint for sustainable growth. How has this thinking been translated into specific strategies?
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| AUGUST 19, 2004 |
- Kwai Chung Terminal sets new box record
- "K" Line leader anticipates solid container growth in US, Europe trades
- Logisitics seminar to take place in Chongqing
- Exel to manage Fritolay's logisitics
- TUI's shipping business sees rise in interim profit
- Port of Tacoma restructures organisation
- AP Moller-Maersk sells data subsidiary to IBM
- Mainland express postal service launched
- Hainan Airlines to offer US services
- BA Q1 results `reasonable'
America West installs Walsh as senior VP
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| AUGUST 19, 2004 |
- Maersk Sealand enhances MECL service with improved transit times
- Exports register 25.57 pc rise during April-July 2004
- DHL to upgrade facilities to promote express business
- Jobs quota enforcement will spark industrial exodus from state, warns India Incorporated
- Customs, excise duties on petro-goods cut
- Cyprus to double presence at Seatrade Middle East Maritime
- VCTPL felicitates shipping lines on I-Day
- Interactive business meet with Taiwan team at IMC tomorrow
- First-ever high-power Indo-US maritime conference begins today
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| AUGUST 18, 2004 |
- Key Florida supplier touts for potential buyers
18 months after acquiring a number of oil products barges and terminals from El Paso Corporation, Denver-based petroleum transport company TransMontaigne Inc. reportedly eyeing potential suitors.
- New price peak as US crude stocks shrink
- Yukos battles on to prevent bankruptcy
Russian oil giant seeking ways to raise cash for $3.4bn cash bill, while its oil exports look secured for another month.
- Latest US oil inventory figures at a glance
- Typhoon Megi halts Yosu bunker deliveries
Busan bunkering reportedly unaffected as typhoon heads towards northern Japan.
- Third bunker surveyor to face sentencing Friday
A third bunker surveyor is set to face sentencing in a Singapore court this Friday in Singapore's latest crackdown on corruption and malpractice in its $5 billion industry.
- Reports: Two new bunker barges ordered for Kuwait
Kuwait Oil Tanker Co. (KOTC), have signed two deals in the past week for the acquisition of seven new oil transportation vessels including two bunker barges.
- Rotterdam a little firmer on crude rebound
- Chinese fuel oil imports down 29% in July
Latest customs figures reveal 29% drop in Chinese fuel oil imports.
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| AUGUST 18, 2004 |
- Data2Logistics introduces document imaging service
- Bahrain to privatise ports
- Dons Transporte handles heavy lift project in Switzerland
- TX Logistik hauls goods for Deutsche Post
- SAS still feeling strong head winds
- "K" Line European service moves to Teesport
- Port of Oakland Board appoints new director of maritime
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| AUGUST 18, 2004 |
- Jaya profit up 41%
- Maersk Sealand leaves TSA
- MOL’s new Vietnam service
- "Judge ISPS by stowaway and piracy figures": American Club
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| AUGUST 18, 2004 |
- $171.3 million in high bids in Western Gulf lease sale
- Royal Caribbean extends Ultra Voyager option
- $107 million Navy award for Northrop Grumman
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| AUGUST 18, 2004 |
- Port of Tacoma shuffles organizational makeup
- Portland transportation summit will eye possibility of feeder service
- Runway work brings changes to Portland International Airport
- Port of Everett taps Russell for senior accountant post
- Maersk Sealand changing menu of service offerings
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| AUGUST 19, 2004 |
- BHP Billiton to pull out of shipowning, says Lynch
GLOBAL commodities and energy giant BHP Billiton revealed yesterday that it wants to quit shipowning.
- French politicians rue ‘loss of influence’ in Brussels
EUROPE’S newly appointed transport commissioner, the Frenchman Jacques Barrot, has been attacked by French politicians as a symbol of the nation’s perceived loss of influence in Brussels, writes Andrew Spurrier.
- Maersk Sealand resigns from TSA
MAERSK Sealand is resigning from the Transpacific Stabilisation Agreement, the carrier body that covers the eastbound Asia-US trades, and its Canadian equivalent.
- McIntosh becomes chairman of London’s joint hull committee
PETER McIntosh, hull underwriter for Wellington syndicate 2020 at Lloyd’s, is the new chairman of the joint hull committee in London, writes James Brewer.
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| AUGUST 18, 2004 |
- Masa extends Ultra Voyager 2 option
FINNISH shipbuilder Kværner Masa-Yards has given Royal Caribbean Cruises another month to consider its contract for the Ultra Voyager 2
- SARS-free Star shines
STAR Cruises Group has announced dramatically improved results, primarily because its 2003 performance was crippled by a combined SARS-Iraq war blow
- No strike imminent in Trinidad
TENSIONS have reportedly risen during dockworker pay negotiations in Trinidad, but no strike is imminent, claims management
- Rail overload blocks ore exports
SOUTH African ore producers are being forced to look to alternative export outlets as the railway route to Saldanha port cannot cope with the supply
- Paper contract for forest venture
GORTHON-B&N Transatlantic has signed a contract with the Finnish-Swedish forest industry group for shipments of paper between Northern Europe and North America
- Satellite tracking moves closer
COMMERCIAL vessels heading for US ports are to be kept under continual surveillance from satellites, with information being fed to the US Coast Guard
- ICTSI offers expat MidEast base
- Maersk quits rate agreement
- Receiver steps up to chief exec
- Mexico threatens LA/LB volumes
- Change of chairman at Joint Hull
- Kone to split cranes from lifts
- ABP port expansion approved
- ILO seafarer i/d card to go ahead
- Syria still maintains blacklist
- BHP Billiton results strongly ahead
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| AUGUST 18, 2004 |
- 300,000 apply for longshore jobs
Lottery will choose 3,000 for prized dockworker jobs in Los Angeles-Long Beach.
- First call for CMA CGM mega-ship
New 8,000-TEU boxship calls Long Beach for first time; line eyes further U.S. expansion.
- Carriers ask FMC to delay NVO decision
- OWL opposes ‘hurry-up’ petition
- U.S.-South Europe lines hike rates
- Strike by India port workers, mariners looms
- Charters rates return to record levels
- Bush signs Morocco free-trade pact
- Management Dynamics signs two more NVOs
- Wilmington adds bulk operator
- Trans-Pacific carriers launch Web site
- Aliança expands Brazil cabotage
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| AUGUST 18, 2004 |
- Ocean carriers split over JNPT congestion charge
Shipping lines operating out of India’s West Coast Jawaharlal Nehru Port (JNP) have threatened to impose a congestion surcharge.
- Temasek stands firm on NOL share price
Temasek Holdings said it had no plans to increase its S$2.80 (US$1.63)/share offer for Neptune Orient Lines (NOL), indicating the Singapore government investment vehicle has no plans to de-list NOL.
- Simmering charter market hard to predict
- Carriers could pay the price for Santos work slowdown
- Ferry admonished in K Line near miss
- New department underlines Tacoma’s committment to boxes
- Sinokor to launch China/Southeast Asia service
- MSC Gate appoints MD
- Two more Asian ports to join CSI
- Shenzhen closes gap on Kwai Chung competitors
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| AUGUST 18, 2004 |
- Molaris also sold Stelmar shares
Stelmar CFO sold $1.1m worth of stock on same day as CEO's $2.1m trade, previously questioned by Stelios Haji-Ioannou.
- Cassen gets high sign
Emden's resurrected Cassen Werft has financing for its first ship.
- Seabulk tankers to take hit
Drydockings will trim $1.4m from third-quarter revenue, company says.
- Star ascends
Cruise group’s turnaround gathers pace as net yields jump.
- RCCL extends Ultra option
Cruise group buys more time to decide on second mega-ship, and promises Asian expansion in three to five years.
- Handymax aground off Pipavav
The 45,176-dwt bulker Ken Explorer (built 1997) reported to be stuck fast off Indian west coast.
- Exchange rate hits Gorthon
Swedish line warns current-year profits will be down on 2003, due to weak dollar and a slip in volumes.
- Polyanka becomes Invincible
TOP Tankers has taken delivery of the third in a series of ships it acquired from Russia’s Sovcomflot.
- Auditors issue warning on Trico
PricewaterhouseCoopers questions firm's ability to remain a going concern after bond default.
- Oceanex adds to Halifax service
Montreal-based owner re-jigs fleet in advance of delivery of German-built boxship in early 2005.
- MOL links Haiphong to Hong Kong
Japanese shipowner to start new service linking northern Vietnam to its global liner network.
- Jaya seals Qatar charters
Singapore shipowning and shipbuilding group secures $17m worth of work for trio of newbuildings.
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| AUGUST 18, 2004 |
- Maersk Sealand quits TSA
- Crowley Maritime broke even in second quarter
- Eimskip merges with Faroe Ship
- U.S./Mediterranean carriers to raise rates
- Coast Guard talks with industry on sharing threat data
- MOL provides northern Vietnam/Hong Kong link
- PBB Global signs onto World Freight Alliance
- Homeland Security looks at tougher rules for toxic rail cargoes
- Bush urged to join grain producers worldwide to open Chinese market
- Bush implements U.S.-Morocco free trade agreement
- FMC dismisses complaint from Ceres
- American Warehousing files FMC complaint against N.Y.-N.J. ports
- Kalmar Industries invests in a Shanghai assembly plant
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| AUGUST 18, 2004 |
- Gorthon result hit by weak dollar and engine break-down
The Swedish ro-ro specialist Gorthon Lines reports a SEK 3.4 million after-tax result for the first six months ...
- A.P. Møller-Mærsk sells off IT business
A.P. Møller-Mærsk stands to gain a profit of DKK 2.5 billion (EUR 336 million) after the sales agreement with ...
- Norwegian Navy lay up 20 vessels
The Royal Norwegian Navy, which has suffered from severe cutbacks in the past couple of years, is forced to lay ...
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