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| JANUARY 20, 2004 |
Shipping News
- Port Klang's 2003 box throughput up 6.6%
RIDING the wave of regional container growth Port Klang chalked up a 6.6 per cent rise in volumes for 2003 over the previous year, on the back of both rising local and transhipment volumes.
- M'sian haulage groups agree to stop giving price rebates
TWO major haulage industry associations in Malaysia have put aside their differences to try and end a price war that saw haulage rates slashed by up to 40 per cent, the Malaysian Business Times reported.
- P&I clubs still making losses
LLOYD's broker and P&I specialist HSBC Insurance Brokers warns that most P&I clubs are still making underwriting losses and relying on dwindling reserves, despite
Air and Land Transport
- China Airlines posts 49% rise in Q4 earnings
CHINA Airlines, Taiwan's largest carrier, had a 49 per cent gain in fourth-quarter profit after demand for travel recovered from the Sars virus and exports of consumer electronic components increased.
- United to recall up to 600 flight attendants
- Northwest CEO's earlier denials were wrong
- Sydney Airport security under govt review
- New Samui airport may cost 600m baht
- Japan Airlines cancels 120 flights for emergency checks
Features
- KLM's loss may shrink to 5m euros
KLM Royal Dutch Airlines, the first European airline to release results for the three months through December, may report a smaller loss on cost cuts and improved demand for travel, according to a survey of analysts.
Bulletin Board
- Bulletin Board
ExxonMobil Marine Fuels has promoted Singapore-based Asia Pacific general manager Yeo Ek-Thoe to manager of marketing and supply, EMMF Asia Pacific.
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| JANUARY 20, 2004 |
- Guangxi looking to woo foreign investors for highway projects
- USL ships makes timely maiden docking at Long Beach
- China announces Three Gorges vessel standards
- CLS rated 'Top' in survey
- Southern African trade predicted to grow 60pc
- Rickmers appoints Baron as director, adviser
- DHL granted phase 2 Cargo 2000 accreditation
- US DOT official to give keynote speech at airfreight conference
- Continental Airlines chief to retire
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| JANUARY 20, 2004 |
- APL, PIL & Zim in talks for tie-up - ...eyeing joint venture service between Australia & Asia
- Hong Kong proposes new container terminals
- Shanghai & Shenzhen now among world’s top 4 ports
- Cosco Pacific’s box volumes soar by 45 pc
- ECU-Line resumes service to Monrovia
- Hamburg Sud revises US/Asia services
- 9th Aframax crude carrier sails into GE Shipping fleet
- Auto components outsourcing to yield $ 1.3 bn by 2005
- Exports of meat likely to touch 4-lakh tonne mark
- Indian corn has many takers in S-E Asia
- Iron ore exporters likely to raise prices from April
- P&O Ports-led consortium angling to develop box terminal, SEZ at Kulpi
- KoPT Chairman favours midstream handling of ships
- KoPT to commission Saugor facility in March
- CoPT holds talks with trade unions on int’l container transhipment terminal project
- Mini port becomes operational at Koodankulam
- Forex reserves surged by $ 1,513 million to cross $ 102-billion mark
- I-T Dept may reopen cases of deduction claims on export profits
- Tobacco farmers urge govt to ban entry of global cigarette brands
- Upasi asks govt to continue rubber export incentives in 10th Plan
- India, China to drive region’s growth in 2004: UN report
- Shourie assures zero duty regime for electronics next year
- Govt to evaluate impact of trade liberalisation
- Delhi exporters’ body demands more incentives
- Govt in favour of smaller SEZs
- Reserve Bank allows foreign companies to set up branches in SEZs
- Lok Sabha to pass interim Budget on Feb. 3
- Inflation crosses 6-pc mark
- Singapore to open trade office in Mumbai to help investors
- IMC team to visit Australia and New Zealand next month
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| JANUARY 19, 2004 |
- Brazil: Barge service expanded at Salvador
- Rock numbers stimulate buyers
- Week-long bear run in Istanbul
- Rotterdam: Vopak fuel jetty out this week as work progresses
- Suez soft, Port Said back on track
- Brazilian market update
- Singapore aims higher again, off-spec may limit supply
With the gyrations of prices last week and today, it is starting to look like the market has found an upper level for now, with 380cst butting against resistance when the price approaches $175 in the bunker market.
- Rotterdam firming again in line with crude
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| JANUARY 19, 2004 |
- 7th International Transport Exhibition of Russia
- Romania receives major loan from World Bank
- Honold to distribute for Wap Alto
- Swift Transportation acquires remainder of Trans-Mex stock
- Qatar Airways launches new service to Africa and Philippines
- Cocoa bean exports from San Pedro down
- Peter Somers KLM's newly appointed CIO
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| JANUARY 19, 2004 |
- Rosneft to ship crude from Archangel
- Aker Kvaerner considering new split-up
- Change in dues in Swedish fairways
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| JANUARY 19, 2004 |
- Tankers almost offset CMB’s dry bulk losses
- Record year for Marseilles
- Yang Ming rejigs US East Coast service
- Singapore exempts shipping loans from withholding tax
- EU and US "on verge" of Galileo
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| JANUARY 19, 2004 |
- Pratt & Whitney power for Skjold
Royal Norwegian Navy picks all-gas-turbine system for its stealthy fast patrol boats
- Costa signs LOI for 112,000 gt cruise ship
Euro 450 million newbuild to be delivered from Fincantieri in 2006
- OSV order for Bollinger
Two 191 ft boats for Cheramie family's L&M Botruc
- NCL does U.S.-flag ship shuffle
Reflagged Norwegian Sky will become Pride of Aloha and take over itinerary of Pride of America
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| JANUARY 19, 2004 |
- Corps reports oil spill from The Dalles Dam transformer
- South Korean company relocating to Lacey, Washington
- NCL will use remodeled vessel to fill in for damaged newbuild
- Mt. Hood Chemical buying Port of Portland land
- American Airlines brings back surcharge to meet rising fuel costs
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| JANUARY 20, 2004 |
- Alstom arrests three Festival ships claiming payment default
FRENCH shipbuilding group Alstom looks to have fallen prey for a second time to its past vendor financing practices after announcing yesterday that it was taking steps to repossess three Festival Cruises ships following a payments default by the cruise operator.
- Start-up First Ship Lease sets sights on deals worth $500m
SEVERAL longer-term avenues, including an initial public offering or a merger with a larger commercial finance company active in transport, are expected to open up for the start-up First Ship Lease once its initial business plan comes to fruition, top officials from the firm have said.
- Huge demand sends suezmax rates to 20-year high
SUEZMAX rates have jumped to 20-year highs as tanker owners see their share prices soaring with investors keen to grab their part of the profits.
- Search for 19 crew of capsized bulker
NORWEGIAN coast guards were searching for 19 missing crew as Lloyd’s List went to press yesterday after a German-owned bulk carrier capsized off Bergen, writes Jerry Frank.
- Canada box charge to hit European shippers
EUROPEAN shippers face a new charge on containers bound for Canada from April, writes Janet Porter.
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| JANUARY 19, 2004 |
- Festival Cruises ships under arrest
THREE Festival Cruises ships were arrested at separate ports last night. The Mistral was arrested in Marseilles, the European Vision in Santo Domingo in the Dominican Republic, and the European Stars in Barcelona, where passengers were forced to disembark
- DFDS offloads more tonnage
COPENHAGEN-based DFDS is continuing to dispose of old freight ferries with the sale of two small ships belonging to its Lithuanian subsidiary Lisco Baltic Service
- Svitzer boosts Mersey fleet
SVITZER Marine will complete its £15M ($26.7M) upgrade of its UK tug fleet with the delivery of the Svitzer Bidston to Merseyside in February
- IRISL to find a home in Italy
IRAN’S state shipping company IRISL is looking to establish a hub port in Italy, and a government official has visited Genoa with a view to negotiating a concession
- Security tie-up for Manila, Jakarta
THE Philippines and Indonesia plan to set up direct contacts to increase ship and port security against regional terrorists
- Ridge rallies port users on security
US Homeland Security secretary Tom Ridge wants the private sector to help fund increased security measures at Californian ports
- Ferguson wants Appledore workers
- Iran cancels Bandar Abbas tender
- Tirrenia ends Balkan services
- Aker quiet on refinancing plans
- Emden port closes to the public
- Superfast sells fourth ferry
- NCL's Aloha to cover Pride cruises
- Transhipment boxes boost Westport
- HMM boosted by China's oil imports
- Lloyd Werft blocks Pride news
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| JANUARY 19, 2004 |
- Shippers urge FMC decision on NVOs
National Industrial Transportation League calls on agency to determine if it has the authority to grant non-vessel-operating common carriers the ability to enter confidential contracts.
- China weighs bonded zones revamp
Government plans tax rebate changes to help spur foreign investment.
- Two dead as vessel capsizes off Norway
- Group protests New Orleans ship channel
- Choi to head Korean Air cargo
- FedEx breaks ground on N.C. hub
- N.J. towns take rail line fight to Washington
- U-Freight sets-up Sri Lanka operation
- RailAmerica sells Chile railroad stake
- World Airways, pilots in pact
- Browning to leave Customs
- LA ports mulling premium box-handling fees
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| JANUARY 19, 2004 |
- Asia/Australia trades head for more turmoil
News of a proposed new APL/Zim/PIL consortium for the East Asia/Australia route has been followed by rumours of the implosion of the NAX group in the North Asia/Australia trade.
- Retailers boosting US East Coast links
Retailers are pushing hard to improve connections with US East Coast (USEC) ports, seeking to ease the dominance of the West Coast, which retailers feel is congested and lacks competition.
- Blame flies over containers ‘stranded’ at Ipoh Cargo Terminal
- Canadian marine industry clarifies security demands
- Lane closures threaten Panama canal transits without reservation
- Chittagong Chamber: start operations at terminal to ease port pressure
- HK talks tough line on ISPS
- Private investment proposed for Pyeongtaek berths
- Portland fulfils November throughput promise
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| JANUARY 19, 2004 |
- Jebsen bulker tragedy
Two dead but battle continues to try to rescue 18 other crewmen who may be trapped in hull.
- Alstom arrests Festival ships
European cruise line hopeful of solution to financial crisis.
- EC to extend shipbuilding aid
Temporary subsidies to be renewed for yards until 31 March 2005.
- Alstom yard orders collapse
No new ship deals but power turbine orders keep group afloat.
- China tops $400 mark for scrap tanker
Bangladesh buyers cut tax and duty, and India outlines new beaching guidelines.
- Lucey to chair FFABA
New head of Baltic's Forward Freight Agreement Brokers' group says these are "exciting times."
- Buyer steps in for Stellamare
Heavy-lift vessel that capsized in US port killing three crew will be sold by Dutch owner.
- Costa signs up at Fincantieri again
Italian unit of Carnival seals deal for 112,000-gt cruiseship, its fifth at Italian yard.
- Fortum disposes of Vikla
Newbuildings lead to elderly chemical carrier being sold to Poland.
- Blasco rebirth on the cards
Former liner operator could be the vehicle for Ukrainian government to create national cargo fleet.
- Changes afoot at Aker Kvaerner
Norwegian oil, gas and shipyard group mulls refinancing as rumours emerge of business spin-offs.
- New P&I club ready to sail
Neil Bell launches South of England Club ahead of February renewal.
- NCL details Hawaiian cruiseship swap
Delay to Pride of America newbuilding will run to months.
- DFDS sells two small ro-ros
Dutch buyers snap up two sisterships controlled by Lisco Baltic Service arm.
- Interorient makes it seven at Mipo
Cyprus owner returns to Korean shipbuilder for four more chemical tankers.
- CMB slides back into the black
But bulker arm Bocimar turns in a loss despite roaring markets.
- Varun seeks LPG carriers
Indian owner says elderly vessels need replacing, but newbuildings unlikely.
- Three dead after tanker blaze
Chinese authorities rescue 12 other crew in incident onboard small vessel off Dalian.
- Ship sinks off Spain
All crew rescued as 30-year old cargoship goes down off Bilbao in rough weather.
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| JANUARY 19, 2004 |
- Round-the-world container service commences
- Tanker profits boost CMB's results
- Teekay orders six tankers
- Continental sets transition plan
- Coyne Airways offers Baghdad service
- Boeing financing company looks to exit market
- A sea of red in Zanesville
- CORRECTION: FMC to discuss NCBFAA's petition on China
- U.S. officials reaffirm commitment to WTO agricultural trade goals
- Report: Stronger enforcement sought for U.S. trade agreements
- U.S. food groups develop origin labeling program for consumers
- Stallman re-elected president of American Farm Bureau
- Marine Terminals tests computer recovery plan
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