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| AUGUST 20, 2004 |
Shipping News
- Ports boom leads to jobs boom
THE deluge of Asian cargo at the key US ports of Los Angeles and Long Beach has spun off another deluge, except this time it is a wave of postcards at the two cities' post offices as hundreds of thousands of potential part-time port workers apply for jobs.
- Ships warned as HK pollution causes harbour collisions
AT least six ships and boats were involved in collisions in Hong Kong's harbour yesterday as choking pollution reduced visibility to barely a kilometre, marine officials said.
- Royal Caribbean sees chance of record earnings
ROYAL Caribbean Cruises, the world's No 2 cruise group, yesterday reiterated a strong outlook with a chance of record earnings in 2004.
- Ship refloated off India
A ship delivering 43,000 tonnes of copper concentrate to Vedanta Resources and Birla Copper was being set afloat after running aground in heavy rains off India's western coast.
Air and Land Transport
- Fare hikes may not be able to protect airlines
EUROPE's largest carrier Air France-KLM joined rivals in raising its ticket prices to counter soaring jet fuel costs, but a leading bank questioned how effective the surcharges would be in protecting airline profits.
- Qantas posts record H2 earnings
- Dixon to get A$2m a year
- BA repeats call for arbitration as strikes loom next week
- American, United cut flights at O'Hare airport to shorten delays
- Log Book
Admiralty Casebook
- Injured maritime worker loses claim
A US appeals court recently considered just how far inland a maritime worker could work and still be covered by an Act that provides for a statutory scheme of compensation for maritime work-related disabilities.
Port Shots
- Port Shots
US-based owner Sabine Transportation Company has been fined US$2 million and put on probation for three years for illegally dumping 'thousands of gallons of waste oil, hundreds of tons of diesel-contaminated grain, and plastic wastes at sea', according to a US Department of Justice press statement.
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| AUGUST 20, 2004 |
- Hanjin Shipping second quarter operating income doubles
- MOL introduces Haiphong-Hong Kong service
- TSA launches web site
- Fujian ports to use leasehold system
- CSCL ASIA embarks on maiden voyage
- Zim name change
- Piracy in Malacca Strait down as patrols increase
- Changes predicted in global port business
- Laem Chabang, Tanjung Pelepas become operational CSI ports
- UPS pushes ahead with China strategy
- Qantas yearly pre-tax profits surge 92 percent
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| AUGUST 20, 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 19, 2004 |
- BP Marine to relocate US bunker team to Chicago
Houston-based marine fuels team to move to Chicago in September to re-establish close links with cargo trading team.
- Typhoon causes minimal upset for South Korean ports
Local sources said operations were resuming today after several ports closed yesterday due to the approach of Typhoon Megi.
- Singapore market stays strong despite higher stocks
Latest data show on-shore stocks of residual fuel up almost one million barrels.
- Rotterdam: Fuel oil stable, distillates firm
- Sources: MPA's CP60 changes to relate to quantity issues
With the MPA set to announce amendments to the CP60, sources say a more rigid logging of quantity, a ban on air blowing and records of sulphur levels for ships heading to Europe could be among changes.
- Singapore: Changes at Searights
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| AUGUST 19, 2004 |
- Port of Rotterdam launches real-estate website
- Austria and Croatia favour Danube development
- Kuehne + Nagel and KWE extend co-operation
- Ghana Railway to improve shuttle service
- KLM Cargo capacity up for 2004/05 winter schedule
- Eimskip and Faroe Ship to merge
- Jacques Barrot is the new EU transport commissioner
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| AUGUST 19, 2004 |
- Report defends FOCs against ITF and OECD
- Frontline looks to spin off dry bulk as profits soar
- RCCL extends cruise ship option
- Alianca expands SA network
- McIntosh chairs Joint Hull Committee
- Gorthon signals "inferior" whole year results
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| AUGUST 19, 2004 |
- Port State Control officers are targeting fire dampers
- Swift in Hawaii
- Frontline reports best ever half year results
- S.I. ferry captain to cooperate with prosecutors
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| AUGUST 19, 2004 |
- Greenbriers companies net orders for railcars/oceangoing barge
- Boeing finalizes sale of Commercial Electronics arm
- Corps employees depart to aid Hurricane Charley victims
- Bath Iron works takes home over $26 million in Navy work
- TSA goes online with new web site
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| AUGUST 20, 2004 |
- Frontline plans to get physical with dry bulk spin-off
FRONTLINE is to establish a stand-alone dry bulk shipping company with an "aggressive" growth strategy which it will spin off to shareholders
- Now Fredriksen sets sights on dry bulk listing
JOHN Fredriksen is threatening to shake up the dry bulk market through a consolidation strategy similar to that he unleashed on the tanker industry.
- Metrostar Management moves fast to douse VLCC sale rumours
THEODORE Angelopoulos’ Metrostar Management has poured cold water on fresh rumours of an imminent sale of very large crude carrier tonnage.
- EU launches green paper on pre-trial detention measures
BRUSSELS has launched a review of pre-trial supervision measures aimed at preventing injustices such as the extended detention in Spain of Prestige master Apostoulos Mangouras.
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| AUGUST 19, 2004 |
- Maersk rethinks W African services
MAERSK Sealand (MSL) and Safmarine are to reorganise their container services between North Europe, the Mediterranean and West Africa due to difficult trading conditions prevailing on these routes
- Nhava Sheva ' a complete mess'
P&O Ports-run Nhava Sheva International Container Terminal (NSICT) yesterday closed export gates indefinitely
- US may assist Indian regulator set-up
THE United States has offered India its expertise and assistance in setting up an Indian maritime commission
- Staten ferry captain avoids charges
CAPT Michael Gansas, accused of lying to the US Coast Guard about the 15 October 2003 Staten Island Ferry crash, has escaped prosecution
- Aliança raises cabotage capacity
BRAZILIAN shipping line Aliança Navegacao, part of the Hamburg Sud group, is upgrading its cabotage services by introducing two new vessels into the trade
- Abandoned crew stage hunger strike
THIRTY-six seafarers abandoned on the cruise ship China Sea Discovery in Kaohsiung, Taiwan, since May 2003 have spent the past week on hunger strike
- Tor Line lands Saab deal
- Scottish port development benefits
- Tanker owner raises profit forecast
- Hutchison ports keep Li afloat
- Investment boost for Guadeloupe
- Qasim chairman snubs Intertanko
- Questions raised over Columbia plan
- Santos hit by industrial action
- Melbourne 'must reassess safety'
- Frontline to attack the dry sector
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| AUGUST 19, 2004 |
- More delays for West Coast trains
Oregon tunnel fire shuts Union Pacific line as scattered derailments delay intermodal trains.
- Restructuring for FMC
Federal Maritime Commission announced a departmental reorganization that will will divide the executive director's office into administrative and operations offices.
- U.S. shipping gains on higher Lakes water
- Marad signs MSP transfer orders
- Hutchison container income soars
- New India-Europe security charge
- Malaysia port gets U.S. Customs agents
- Bergmann to USF EVP
- SAIC to update Miami gate security
- TNT Logistics names auto sales chief
- China reports ag trade deficit
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| AUGUST 19, 2004 |
- Zim and vigour displayed in Q2 results
Zim Israel Navigation has recorded good Q2 net profits on rising turnover, citing positive factors ranging from tax-regulation changes to freight-rates and the ‘impetus’ of privatisation.
- CP Ships remains ‘market perform’ stock, says BMONB
- Increased Russian vigilance aids seizure of chemical contraband from China
- Shanghai’s strong exports keep the port in top ranking
- Gothenburg accelerates growth to 9% H1 figure
- Volumes on Korea/China route up 15% year-on-year in H1
- First-half profits see FESCO upgrade services
- Nuremberg to get trimodal terminal
- MOL to launch Vietnam/Hong Kong service
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| AUGUST 19, 2004 |
- More of everything
Ship Finance ups profit and dividend, while promising Frontline investors another cut of the company.
- Attica profits continue
Ship sales help to produce another surplus for Greek ferry group.
- Soybean showdown
Bulkers with cargoes bound for China could face arrest in the US.
- Not so fast, says BHP
Mining group says shipping not core but has no definite plans for vessel sales.
- McIntosh bumped upstairs
Marine insurers’ Joint Hull Committee gets youthful new chief.
- Tirrenia steps in for Moby
Vincenzo Onorato is "personally overseeing" repairs to his ropax.
- Romania claims BP order on the way
But brokers pour cold water on imminent three-ship $150m deal at Damen Galati.
- Frontline in "best ever" first half
Six-month performance at Fredriksen’s tanker arm soars to new heights as strong rates hold out.
- Frontline to spin off bulkers
Bulker owners beware the great Fredriksen consolidating machine is setting its sights on you.
- Precious resumes buyback
Thai-listed bulker operator has started buying its own shares back after an absence of nearly one month.
- Lawyers smell blood at CP Ships
Class actions mount against UK-based liner company with third law firm joining bandwagon.
- 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.
- Lines to pass on ISPS costs
Maersk Sealand plus three container conferences are to start charging a “security fee” to move boxes.
- Genmar taps Pribor as new CFO
Veteran banker brings 20 years experience to post
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| AUGUST 19, 2004 |
- Zim lifts profit and revenue, outlines new strategy
- Hyundai recovered in first half
- APL, MOL plan peak-season joint Pacific service
- CMA CGM’s 8,200-TEU ship makes first call at Long Beach
- Coast Guard redefines dangerous cargoes
- Motor freight association program aims to reduce incorrect weighing
- WSC asks FMC for more time to respond to NVO contracting issue
- USAID proposes updates to Title II food aid program
- U.S. pork producers unhappy with Commerce ruling
- Inchcape expands in Iraq
- "K" Line opens third distribution center in Thailand
- TNT North America augments Home Depot deliveries after hurricane
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| AUGUST 19, 2004 |
- Increased ferry passenger numbers in Sweden
5.5 million passengers travelled to or from Sweden by ferry during the first quarter, according to official statistics, up by ...
- More but fewer pax than expected for Stena – strong growth in cargo volumes
Almost 10.4 million passengers travelled with Stena Line’s and Scandline’s ferries during the first seven months, a three-per cent ...
- Extended option for second Ultra Voyager
Kvaerner Masa-Yards has agreed with Royal Caribbean Cruises Ltd. to extend an option to purchase a second Ultra Voyager ...
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