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| SEPTEMBER 20, 2004 |
Shipping News
- Hutchison wins Thailand's six-berth port project
HONG Kong's Hutchison Port Holdings added Thailand's Laem Chabang port development project into its growing portfolio, strengthening further its dominance as the top global port builder and operator.
- Controversial exec director of LA port resigns
UNDER pressure from city officials and community leaders, Larry Keller resigned as executive director of the Port of Los Angeles, which has been in turmoil amid investigations into contracting practices and an outcry from residents over air pollution.
- Engineers in oil discharge case face jail in US
TWO former chief engineers of the Gibraltar-registered general cargo ship Kent Navigator have admitted falsifying entries in the ship's oil record book to a US court.
- Hyundai bags Saudi order for tankers
Six-fold jump in Pacific Basin's first-half profit
Liner Scene
- Time to forget the price-fixing war
AT the 27th annual general meeting of the Federation of Asean Shippers' Councils last week in Singapore, there was still the old ranting against the 'monopolistic practices' of the container shipping lines.
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| SEPTEMBER 20, 2004 |
- Outlook for container business remains positive: CC Tung
- DHL to provide logistics support for Shanghai F1 race
- Logistics enterprises to receive boost from Shenzhen government
- Coscon launches European Service
- Port & Logistics Expo to be held in Ningbo
- APL adds Montreal to transatlantic services
- Massive logistics centre to be built in Henan
- JAL, Hainan Airlines to code share from next month
- Air China to operate Guilin-Nagoya service
- UA to offer Chicago-Ottawa service
- TSA names security director for Sacramento Airport
- Cargo Counts to manage Air Luxor's cargo business
- Martinair Cargo adds Dallas, Toronto to network
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| SEPTEMBER 20, 2004 |
- MoS asks SCI, DCI, 4 ports on East coast to invest in Sethusamudram project
- Decline in imports of sensitive items during April-July
- Textile export orders surge on eve of quota-free era
- Tobacco exports on recovery path
- Govt to aim for $ 50 bn IT exports by 2010
- MEA favours giving MFN status to China
- SAARC nations hope to reap benefits of textile trade in quota-free era
- Footwear exporters to tread new shores soon
- India, Kazakhstan sign MoU on IT cooperation
- Indian Airlines to take new wings
- EPCG licence holders' export obligation lowered by a hefty 40 pc
- Govt may waive import condition for sugar export
- Synthetic, rayon textiles exports touch record Rs 8,420 cr. in 2003-04
- Conference & exhibition on Port Handling Systems from Oct. 5
- Minister Meira Kumar to speak IMC tomorrow
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| SEPTEMBER 17, 2004 |
- Japanese fuel oil demand surges on nuclear shutdown
Barge congestion fears as second series of nuclear shutdowns within a year sees fuel oil demand skyrocket.
- SMP unveils $12m marine fuel and lube research centre
Shell Marine Products prepares for challenges facing marine fuel and lubricant industries with launch of new state-of-the-art research and development centre.
- Baltic demand picking up at the end of a quiet week
- Oil prices could fall as hurricanes' effect wears off
Although hurricanes are seen to cause sharp falls in US oil imports and stocks, past experience points to quick recovery.
- KPC slashes September fuel oil allocation
KPC allocation of 380 cst product for the bunker market reduced by two-thirds.
- Kochi bunker terminal moves closer with SEZ approval
Long-term plans to create transhipment hub and international bunkering terminal in Indian port move a step closer.
- Singapore: Tight market to ease by early next week
Players in the Singapore market indicate recent logistical problems and product tightness should ease by early next week and forecast softer market with rising stocks.
- Blending patterns see straight run fuel oil premium double
Prices for low density straight run fuel oil in northern Europe have risen sharply as bunker suppliers switch to the product for blending purposes.
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| SEPTEMBER 17, 2004 |
- Tideworks acquires Sonu
- China’s beleaguered railway
- Richard Lawson Autologistics Ltd in administration
- Dedicated truck fleet for Seawheel
- Shanghai Airlines to scoop up China United Airlines
- Taiwan's three leading carriers launch a new joint service
- Genoa Distriport changes top management
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| SEPTEMBER 17, 2004 |
- Shipping industry website established
- Leif Höegh lines up 2 more PCTCs
- CP puts smaller ships on Atlantic route
- Taiwan carriers in joint service
- Singapore collision
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| SEPTEMBER 18, 2004 |
- Carnival earnings break $1 billion barrier
- BC Ferries orders Super C's in Germany
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| SEPTEMBER 17, 2004 |
- Bellingham Port Commission Oks lease with Teal-Jones Lumber
- Corps begins repair work on Tillamook Bay jetty
- NASSCO begins work on second Navy T-AKE vessel
- Portland of Portland wins AAPA environmental award
- Rail freight traffic has up week on both counts
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| SEPTEMBER 20, 2004 |
- British flag ships on heightened terror alert
THE British government has asked Red Ensign vessels to operate at heightened security levels in certain areas of the world, including most seas and countries along the east-west trade route between Europe and Asia.
- Carnival breaks $1bn and plans Pinnacle newbuilds
LEADING cruise group Carnival has achieved quarterly earnings of more than $1bn for the first time in its history and is poised to unveil another round of newbuilding orders.
- NYK and Singapore’s MPA in security exercise
A JOINT anti-terrorism training exercise has been mounted by Nippon Yusen Kaisha and the Maritime and Port Authority of Singapore.
- Criminal inquiry launched after Russian tanker blast kills four seafarers
A CRIMINAL investigation has been launched after four seafarers were killed - and a further three reported missing - as a result of an explosion on a tanker in the Russian Far East.
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| SEPTEMBER 17, 2004 |
- Carnival eyes 'Pinnacle Project'
CARNIVAL Corp will soon place newbuilding orders for delivery in 2007-2008, affirmed CEO Micky Arison
- Carnival breaks $1Bn for quarter
CARNIVAL Corp has achieved a net income of more than $1Bn in a single quarter for the first time in the company’s history
- Mexico blocks rail purchase
MEXICO’S blocking of the proposed Kansas City Southern purchase of rail freight carrier TFM is being appealed by both KCS and the seller, Grupo TMM
- Second bunker ship missing
A SECOND bunker vessel is unaccountably missing in Nigeria, according to reports in Nigerian newspaper The Vanguard today
- Volgotanker’s Russian-flag credit
VOLGOTANKER, the largest tanker operator in Russia, has sold a credit-linked note issue for $120M to the international investment market, secured by Russian-flag assets
- LNG manpower survey launched
THE rapidly growing number of independent tanker operators entering LNG shipping has prompted an industry-wide survey of manpower requirements
- Kongsberg rejects marine bid
- Charm causes pollution
- No US tug escorts for California
- 800 safe as ferry strikes rock
- US recovers from Ivan
- Jeanne follows Ivan in Caribbean
- CP Ships adjusts fleet
- Richard Lawson squeezed on rates
- South African port privatisation
- Rotterdam sale under scrutiny
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| SEPTEMBER 17, 2004 |
- Some damage as Gulf ports re-open
Most ports back in business but bridge damage from Hurricane Ivan forcing lengthy detours for Florida truck traffic.
- APL adds Montreal to trans-Atlantic services
- Steady rise for rail shipments
- Port voting on Bayport contracts
- China rail upgrade will link Shanghai, manufacturing
- India port plans fourth box terminal
- Marseilles volume up
- NYK conducts anti-terror training
- KLM joins SkyTeam Cargo
- Swift warns on earnings
- KLM jet robbed at gunpoint
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| SEPTEMBER 17, 2004 |
- Park Jung Won appointed as Hanjin Shipping’s chief
Hanjin Shipping announced today that its former executive VP Park Jung Won has been appointed as the new president and CEO, following president and CEO Choi Won Pyo’s resignation.
- ACCC wants end to liner trade exemptions
The Australian Competition and Consumer Commission (ACCC) is maintaining its vehement opposition to liner shipping’s anti-trust immunity, telling the current Productivity Commission (PC) review ‘specialised treatment’ should be revoked.
- Peak season sees US intermodal running at capacity
In anticipation of the peak season, US railroads are gearing up with more train crews, around 1,600 conductor and 330 locomotive engineer trainees, and further rail cars and locomotives.
- Hutchison wins Laem Chabang concession
- Dutch strike is on say dockers
- Loud and proud: HK shippers 'roar' for action against THCs
- Breakdown hits Australia-New Caledonia trade
- Docenave search for tonnage
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| SEPTEMBER 17, 2004 |
- Mississippi traffic nears normal
Coast Guard clears backlog as Ivan fades away.
- Varun goes low
Indian owner picks price at bottom end of its range for stock offering.
- Ensco rig drifting in US Gulf
Jackup unit took direct hit from Hurricane Ivan.
- Navy to revitalise Karachi yard
Pakistan’s navy chief pledges to breathe life back into moribund facility.
- Navalmar/V Ships take control of MC
Increased stake means New York-listed company must make offer to buy back bonds.
- US lifts stay on Cabrillo project
Coast Guard says BHP can proceed with LNG application after April’s halt.
- Scandlines scraps island route
Axe falls on owner’s under-performing Bornholm service.
- Three strikes for Izar
Unions at struggling Spanish yard group plan work stoppages as clashes with police continue.
- Transpetro readies 53-ship spree
Petrobras unit's tender for 22 tankers and support vessels imminent, with another 31 to come.
- HMM stake up for grabs?
Hyundai engineering arm to divest part of stake in soaring Hyundai Merchant Marine.
- Volgotanker rejigs borrowing
Russian tanker owner removes its ships from yoke of loan collateral.
- Crew flee blazing ship
Helicopter airlifts twelve seafarers from offshore support vessel hit by fire in North Sea.
- APL adds Montreal
Neptune Orient Lines’ liner subsidiary is about to launch direct service from Europe to Canada.
- Buchanan cashes in
James Fisher & Sons chief executive picks up $200,000 from disposal of stock in UK shipowner.
- Hatab joins Genmar board
Ex- Pricewaterhouse Coopers partner and tax expert to head up Greek tanker owner’s audit committee.
- Portek seals deals worth SGD50m
Singapore-listed port industry player details contracts in Southeast Asia and the Middle East.
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| SEPTEMBER 17, 2004 |
- CP Ships cuts capacity in Atlantic
- APL enters Montreal/North Europe direct trade
- Temasek secures majority control of NOL
- CLARIFICATION: Shippers have not fully accepted carriers' EU compromise
- KLM joins SkyTeam Cargo alliance, Northwest, others to follow
- Lufthansa leases World Airways freighter for China route
- British Airways cuts back flight schedule
- Company offers to make trucks more aerodynamic
- COAC stresses need for ITDS buy-in by feds
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| SEPTEMBER 17, 2004 |
- NIS will not get Bergesen LNG carriers
Norwegian International Ship Register (NIS) has suffered another setback as Sohmen-controlled Bergesen d.y. will not register its eight new ...
- Escalation of rig strike in the North Sea
North Sea unions have threatened an escalation of the 11-week old strike after a fruitless meeting with the employers ...
- Assistance to blazing support vessel
Firefighting vessel "Highland Endurance" has gone to extinguish the fire onboard the offshore support vessel "Viking Victor" 21 miles off ...
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