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| JULY 20, 2004 |
Shipping News
- 2 new berths raise PTP capacity to 6m TEUs
THE neighbouring Malaysian Port of Tanjung Pelepas has raised its throughput capacity to six million TEUs following the completion of two berths under its phase two expansion, but will hold off on six more until market demand warrants it.
- Keeping MPA on right course
THE waters across from the Maritime and Port Authority of Singapore offices in Telok Blangah were calm, with ships facing one direction, following the flow of the current.
- Jakarta sees foreign plot behind piracy charges
INDONESIA's navy chief has played down the piracy threat in the Malacca Strait and says he believes there may be a foreign conspiracy to use the issue to justify intervention in the crucial waterway.
- Taiwan's Formosa plans more China docks
TAIWAN's Formosa Plastics Group is planning to invest NT$3 billion to build five shipping docks in China to import raw materials for its operations there, a local newspaper reported yesterday.
- Tanker owners head for record profit as oil demand soars
FRONTLINE Ltd, Teekay Shipping and other oil-tanker owners may report a second year of record profits amid the biggest increase in demand for crude since 1980.
Air and Land Transport
- Airbus dismisses Boeing criticisms over subsidies
AIRBUS SAS, the world's biggest planemaker, said state aid to the company is worth no more than 'a hundred-thousand bucks' an aircraft, rejecting criticism from Boeing Co that subsidies give Airbus an unfair advantage.
- India's Air Deccan gears up for price war next month
- BA considering making a bid for Ireland's Aer Lingus: report
- Boeing mulls offering larger 747 to meet demand in Asia
- Search continues for M'sian crash victims
- Heathrow security documents found on road
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| JULY 20, 2004 |
- Hong Kong container throughput up 11pc in first half
- HSBC to grow mainland operations in tandem with China economy
- New yard to ease congestion at Chiwan Terminal
- Kuehne + Nagel secures record contract
- Deep sea carriers increasingly lock horns with intra-Asia lines
- Delta Air Lines expands codeshare with China Airlines
- Arrow Air appoints western US general sales agent
- DHL appoints Korea MD
- Grants to be bestowed on three New Jersey Airport
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| JULY 20, 2004 |
- Canada Maritime expands Pacific services
- CP Ships' new service
- TMM Lines upgrades transpacific services
- Dubai to commence mid-size shipbuilding
- Malaysian ports post 16.5 pc growth in cargo handling
- New Kuwait port to cost $ 850 m
- Port of Koper traffic
- P&O sells Australian resort
- Gulf gulps up more mangoes to exporters delight
- Exim Bank proposes to market consultancy services overseas
- Thailand beckons Indian investors
- Electronic hardware exports register heartening growth in 2003-04
- CONCOR to host' Gujarat Junction 2004' on Sept. 3
- JNPT Board clears 2 hectares more land for NSICT CY
- Chennai Port to have new container yard
- Elders informed of rail links to Kandla, Mundra Ports
- Paradip Port plans to upgrade facilities to handle bigger ships, more cargo
- Kamal Nath hints at better deal for textile exporters
- DEPB scheme may come to tearful end on March 31, 2005
- Move to form textile export zone in Mumbai
- Budget not cut to suit garment exporters-CIAe
- A farm draft wafts through WTO door
- Foreign Trade Analysis: Current Policy & Procedures
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| JULY 19, 2004 |
- Singapore supplier changes management
- Japanese suppliers rue tight avails amid Korean problems
Sources in the Japanese market report tight avails ahead of expected surge in demand.
- Crude hovering near highs in undecided market
The jury is still out on wether fundamentals are supporting current oil prices.
- Singapore: BP reveals plans for 'knowledge-based' future
Assets sell-off does not mean BP's presence in Singapore is fading, claims BP Singapore president.
- Gibraltar starts week on firm note
- South Korea: Strike forces key supplier to halt quotes
South Korean bunker market currently unaffected by strike at LG Caltex, but fuel oil shortages in Hong Kong could divert demand and push prices up, broker warns.
- St. Petersburg suppliers await refiners next move
Avails continue to tighten in Baltic Sea port forcing prices close to $160 pmt for IFO380 product - up over $30 pmt in one week.
- Rotterdam steady at noon, still congested
- China: International bunker sales leap
- Chimbusco expands storage to deal with demand surge
China's largest bunker supplier announces a series of expansion plans for terminal and storage facilities to deal with leap in Chinese demand.
- Hong Kong bunkering resumes after storm, congestion ensues
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| JULY 20, 2004 |
- Second Basel International Hazardous Goods Conference
- Senator Lines: e-Business with Expeditors
- Nigeria: import prohibition
- Exel consolidates position in the Spanish drinks market
- CCS: Congestion surcharge for containers in Antwerp and Rotterdam
- Cargo 2000 calls on freight forwarders to join programme
- The port of Antwerp posts strong track record
- Personnel changes at Barwil Hyopwoon, Seoul
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| JULY 19, 2004 |
- Haji-Ioannou’s cautious on new Stelmar offer
- Stamatis Restis dies
- Indonesian Navy chief slams IMB
- Fos spends Euros50m on expansion
- Bulker refloated
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| JULY 19, 2004 |
- Paris MOU security questions
- Port security R&D grant
- Matson christens second ship at KPSI
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| JULY 19, 2004 |
- Boeing plans to add empoyees in Puget Sound region
- Northwest Airlines adding Portland to Honolulu flight
- Willamette River cleanup group plans public meeting for July 23
- Commerce Department honors Renton, Washington company
- Tacoma Port Commission authorizes land purchase
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| JULY 20, 2004 |
- Panama flag braces for mass defection by Japanese owners
THE Panamanian flag is bracing itself for a raft of defections over its handling of ISPS implementation, with Japanese owners, who account for 40% of the world's largest registry, considering moving away.
- Now Greece’s Restis Group joins hunt to buy Stelmar Shipping
RESTIS Group, one of Greece’s largest shipping empires, harbours ambitions to acquire Stelmar Shipping, the New York-listed tanker company which recently rejected a bid from rival OMI.
- Stamatis Restis dies aged 64
STAMATIS Restis, one of Greece’s leading shipowners, has died suddenly in Athens at the age of 64 just as his group emerged as a potential bidder for Stelmar Shipping.
- IMO chief joins shore-leave debate
Seafarers should not be discriminated against by governments and port authorities enforcing security regulations, the secretary-general of the International Maritime Organization urged yesterday, writes Michael Grey .
- Panama flag faces wave of defections in ISPS row
THE Panamanian flag is bracing itself for a raft of defections following earlier criticism of the way International Ship and Port Facility Security Code certificates have been processed, which saw many ships fail to meet the July 1 deadline.
- Turkey prepares to lift Cyprus ban
TURKEY is reportedly preparing to lift its 17-year standing ban on Cyprus flagged vessels calling at Turkish ports, writes David Osler.
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| JULY 19, 2004 |
- Turkey to lift Cyprus embargo
THE Turkish government has told EU transport commissioner Loyola de Palacio that it intends to lift the ban on Cypriot shipping calling at Turkish ports
- JNPT and NSICT arbitration
JAWAHARLAL Nehru Port Trust and P&O Ports-run Nhava Sheva International Container Terminal have started arbitration over four payment issues
- Stelios reveals new Stelmar bid
THE Restis Group is seeking to buy Stelmar Shipping, according to Stelios Haji-Ioannou, Stelmar founder and shareholder
- Izar future increasingly tenuous
THE future for Spanish shipbuilder Izar looks increasingly tenuous after reports emerged on Saturday questioning whether commercial vessels could be built profitably
- Truckers seek Brazilian gridlock
BRAZILIAN shipping lines are bracing themselves for another bout of port chaos after the country's national truck drivers’ union ordered its members to go on strike
- DFDS expands Baltic operations
DFDS, the Copenhagen based ferry company, will increase its presence in the Baltic by opening a second link between Latvia and Germany
- Stamatis Restis dies
- Signs of boxship uncertainty
- UK Coastguards under fire
- Mumbai driving a better deal
- Sicily to fund short-sea shipping
- More delays at Chennai
- Expanded Pelepas seeks lines
- Villagers call for CT IV suspension
- Carnival merges cruise subsidiaries
- Star Cruises restructures NCL
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| JULY 19, 2004 |
- Shipyard held liable for MSC sinking
Federal court blames poor construction for break-up of containership in 1997.
- LA terminals refining off-peak proposals
- NIT League: Omit inspection of passenger flight cargo
- Russia may join WTO by end-2005
- New Oceans COO for Wallenius Wilhelmsen
- USTR panels support Bahrain pact
- Better first half for U.S., Canadian rail traffic
- New plans for Shanghai port
- Taiwan revamps customs rules
- UAE plans new box terminal
- Schneider National adding 200 Philadelphia-area jobs
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| JULY 19, 2004 |
- JNPT calls P&O Ports to arbitration over payment and rail-rate issues
Jawarharlal Nehru Port Trust (JNPT) is to call Nhava Sheva International Container Terminal (NSICT) operator P&O Ports to arbitration, over discriminatory rail charges and non-payment of security dues.
- Israeli unions seek guarantees on rights while shippers reveal port go-slow cost
- Cargo flows delayed at Port of Montreal
- Australia to boost box screening in maritime security upgrade
- South African line aims to change SA market-share and ownership structure
- Freight rates on Korea/Japan and Southeast Asia trades recovering
- Kwai Chung container terminals achieve double-digit growth in June
- Brunei bids for box-hub status
- Antwerp H1 container throughput rises 14.9%, on fewer ships
- OOCL scans Nordic market opportunities
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| JULY 19, 2004 |
- Steady is good for Gearbulk
Ratings agency Moody's upgrades bulk operator based on consistent track record.
- Snoozing over Stelmar
Greek owner's shares see only light trading after Restis interest emerges through Stelios.
- Multraship refloats bulker
Dutch salvor brings Navibulgar's Petimata OT RMS safely into port after grounding off Denmark.
- Hull outlook negative
Standard & Poor’s affirms A rating but takes a downbeat view of the Norwegian Hull Club’s premium prospects.
- Zim warns on port strike
Israeli carrier wants end to domestic deadlock, as union announces "significant progress."
- 'America the Vulnerable'
New book by ex-Coast Guard commander lambastes port security efforts.
- DFDS targets Ventspils
Danish owner expands Latvia to Germany network, four days after Latvian Shipping axes route.
- Stelmar gets new approach
Stelios Haji-Ioannou demands management removal as he blows whistle on takeover sounding from Victor Restis.
- Eight make Pan Ocean shortlist
NYK, Zodiac plus six domestic firms to vie for control of distressed South Korean bulker player.
- Stamatis Restis is dead
Entrepreneurial founder of Enterprises Shipping & Trading succumbs to coronary in his early sixties.
- Superferry bodies found
Four more corpses discovered in shell of Philippine ferry that exploded and sank in February.
- Another yard for Brazil
Transport groups Carvalhao and Superpesa to create Intercan facility in Rio de Janeiro state.
- Banks vie to top up Hoegh
Car-carrier demand gave Leif Hoegh a strong first half and good terms on a $600m loan.
- Liquidators at Northern Offshore
Court appoints KPMG duo to try to save assets of John Fredriksen drilling company.
- Orion waits for ship cash
Deal to sell offshore duo on hold as buyer A2Sea searches for financial partner.
- Korean yards on record high
Government figures for first half show a rise of 16% in orders over 2003, with a strong dominance in LNG deals.
- Evergreen revs up convertibles
Taiwanese boxship giant readies domestic issue of bonds that can be turned into shares.
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| JULY 19, 2004 |
- Canada Maritime adds transpacific link
- Matson adds second $110-million containership
- China Shipping, Norasia suspend Asia/Med service
- Alaska Air increases cargo capacity of jets
- U.S. appeals court voids FMCSA’s new truck ‘hours of service’ rules
- CSX hit by lawsuits for 2001 Baltimore tunnel disaster
- Canadian National consolidates dual bulk businesses
- Menlo makes ACE history
- DOT council promises tighter credit oversight
- Judge orders truckers back to work in Miami for seven weeks
- Los Angeles June inbound box traffic up 13%
- Tanjung Pelepas port adds two container berths
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| JULY 19, 2004 |
- New contender on Moss-Skagen
Jet Link AS, a company formed by Lars Petter Helminsen of Fredrikstad, has signed a preliminary contract to charter an ...
- Russians declares second icebreaker from Havyard
Servmorneftegaz of Archangelsk has now declared the option for a second icebreaker from Havyard Leirvik in Western Norway. The 100 ...
- Big-cruise-shift in Copenhagen this weekend
Copenhagen Malmö Port (CMP) will get extremely busy this coming weekend along with Copenhagen Airport, when they are accommodating some ...
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