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| JUNE 21, 2004 |
Shipping News
- S'pore welcomes joint patrol proposal
DEFENCE Minister Teo Chee Hean yesterday welcomed Indonesia's proposal for joint patrols by the two countries and Malaysia to guard against piracy and terrorism in the vital Malacca and Singapore Straits.
- African pirates threaten global shipping
FOREIGN sailors working in Africa's sea-lanes face increasing danger from attacks by heavily armed pirates, experts said, calling for the continent's police and navies to work harder to stamp them out.
- US signs treaty to protect Titanic wreck
THE United States has signed an agreement to protect the Titanic from admirers and would-be scavengers whose dives more than two miles into the icy abyss of the North Atlantic are damaging the increasingly fragile remains of the world's most famous shipwreck.
- Cosco to double crude fleet
CHINA Ocean Shipping Company , the country's biggest shipper, will expand its crude oil fleet to nearly four million deadweight tons in three years, from the current 1.94 million deadweight tons.
- 9 Iranians rescued as ship sinks off UAE
COAST guards in the United Arab Emirates have rescued nine Iranians after their cargo ship sank in bad weather off the coast of the Gulf state, official agency WAM said.
Air and Land Transport
- Legacy carriers bleed as costs soar, revenues slide
DESPITE the healthy economic climate, large, hub-and-spoke airlines - also known as the 'legacy carriers' - are reporting heavy losses because of weak revenue generation, low-cost airline competition, and high fuel prices according to a senior Standard & Poor's Ratings Services executive.
- AirAsia sets eyes on China in bold expansion plans
- US Air cuts fares on 22 routes
- Boeing in talks to sell 7E7 to over 30 airlines
- Airlines to offer high-speed Internet on long flights soon
Liner Scene
- Wallenius Wilhelmsen finds its liner niche - in ro-ro trades
THE old conventional general cargo liners are now a distant memory while containerisation continues to increase to the extent that now, it seems, there is very little than cannot be sent around the world in a steel box.
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| JUNE 21, 2004 |
- HK, Shenzhen sign co-operation agreements
- MOL reorganises for expansion in China, other emerging markets
- Cranes delivered to the Port of Le Havre
- Ports of Shanghai, Tianjin see increases in foreign trade
- BMT, DHI, MPA to develop port safety system in Singapore
- US, China agree to expanded air services
- Qantas to codeshare with Air France, increase UK services
- TIMCO Aviation Services names Kizer to board
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| JUNE 21, 2004 |
- Govt will enforce ISPS code: Official
- POTIL now GE Shipping’s arm
- Rickmers-Linie secures tonnage for Middle East/India service
- Heartening start to g’nut oil exports
- IOC planning to import more crude oil through Haldia Dock
- CBEC notifies CONCOR’s ICD-Bhusawal for ex-im trade
- ICD-Raipur opened in Chhattisgarh - ...to begin operations this week
- Silk fabrics to bear the SMOI stamp of quality
- Bank lending norms made more liberal
- FM may slash CST in move towards VAT
- Exim Policy likely to focus on reducing transaction costs for exporters
- Customs duty on petro-products, machine-made jewellery likely to be reduced
- Inflation rate rises to 5.55 pc
- Industry backtracks on polystyrene dumping duty
- Tariff panel moots 5 pc hike in Customs duty on palm oils
- Garment fair in New Delhi next month
- Eminent speakers set to grace Seatrade Middle East Maritime (SMEM) Exhibition & Conference - Experts to analyse shipping issues threadbare
- Assocham submits Budget wish-list
- Ficci sees vast scope for closer trade ties with Brazil
- Commerce Secy Dipak Chatterjee may get extension
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| JUNE 18, 2004 |
- Compromise fails on EU regulations for HGV tolls
- Danka signs EUR 9 million contract with Exel
- Railion Nederland in the black
- Delta Airlines able to go it alone
- WWL plans Japan-China service
- Hamburg Süd expands senior management
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| JUNE 18, 2004 |
- Palacio to try again with Ports Directive
- Swedish Club’s "good year"
- ISPS compliance still way off target
- EU fiddling with tonnage tax "generates uncertainty"
- New York-Antwerp Rules passed
- NoE’s reserves up in "difficult" claims year
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| JUNE 18, 2004 |
- Industry opposes House effort to require USCG vetting of foreign ship security plans
Letter to conferees points out problems with requirement sought by House
- Guilty plea after "tricking" oil water separator
Chief engineer of Singapore tanker could face jail, fine
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| JUNE 18, 2004 |
- Greenbrier's Polish operation nets rail car order from Iraq
- Northwest labor leaders call for channel project funding
- WSCP hires HPG Worldwide to guide its moves into Asia
- Ebeling and Magee named AOTOS winners
- Memorial Day holiday hits weekly rail numbers
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| JUNE 21, 2004 |
- Brussels deals new blow to future of liner conferences
EUROPE’S competition directorate has given its strongest indication yet that it wants to see the block exemption granted to liner conferences abolished.
- Shoot pirates on sight, says Indonesian navy chief
AFTER years of being criticised for not doing enough to combat piracy, Indonesia’s navy chief now wants to shoot pirates on sight.
- Belize register ready to detain own ships in ISPS code clampdown
BELIZE will exercise its flag state powers to detain vessels anywhere in the world if they do not comply with the International Ship and Port Facility Security Code by the July 1 deadline, the head of the register says.
- Ship Finance shares make a storming debut
SHIP Finance International, the new tanker-owning subsidiary of Frontline, has got off to a promising start on its official debut on the New York Stock Exchange.
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| JUNE 18, 2004 |
- Opposition to USCG security review
FOURTEEN shipping companies and organisations have today posted a letter to the House-Senate conference committee asking the panel to reject the House effort to force a Coast Guard review of security plans on foreign vessels
- V.Ships wins the Fairplay Cup
V.Ships won the annual Fairplay Cup sailing regatta yesterday, coming first in a fleet of 22 competitors
- Gwadar gets further funds
PAKISTAN has earmarked a Rs7Bn ($122M) development outlay in its annual budget for the Gwadar Port project
- Engineer guilty of oil dumping
THE chief engineer of the Singapore-owned Aral Sea has pleaded guilty of concealing overboard discharges of oil-contaminated bilge water
- New dynamism at Comanav
MOROCCAN operator Comanav is to adopt a new logo and new trading colours to accompany its recovery, in the run up to its privatisation in 2005
- Indian box delays blamed on railways
INDIA exporters and importers are blaming the Container Corporation of India for the sluggishness in container-handling at Jawaharlal Nehru Port
- IndoChina wins Norse Merchant fleet
- Plug-in ships at LA
- Manila ticket selling cleaned up
- Germany rejects new security plan
- Columbia River dredging stalled
- Zhenjiang Jinyuan Terminal
- Shoot pirates on sight: naval chief
- Russian ministry opens ISPS website
- De Palacio to submit new ports plan
- Hong Kong, Shenzhen work together
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| JUNE 18, 2004 |
- United States, China agree to air deal
U.S. cargo airlines will be able to establish hubs in China and increase their number of weekly flights to that country.
- Bill earmarks $1 billion for rail security
Legislation by Republican leaders of House Transportation and Infrastructure Committee would improve railroad security.
- Study boosts chassis maintenance bill
- House panel questions Customs' focus on trade
- Hong Kong box volume up 22%
- Union Pacific bumps up new hires to ease congestion
- U.S. rejects United Airlines bailout
- Service-sector leaders press WTO for progress
- Horizon Lines plans $250 million offering
- Cosco to double tanker capacity: Report
- Maersk Line fires back in MSP rift
- Hong Kong, Shenzhen ink accords
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| JUNE 18, 2004 |
- Asian shippers urge the abolishment of surcharges and THCs
Shippers from six countries, including Korea, China, Japan and Hong Kong, urged the abolishment of surcharges at the first Asian Shippers’ Meeting held in Busan on June 16 to 18.
- Hong Kong and Shenzhen step up co-operation
Hong Kong and neighbouring Shenzhen yesterday signed a memorandum on enhancing bilateral co-operation, declaring that Hong Kong’s status as an international logistics and shipping centre will be enhanced through Shenzhen.
- CSXWT talks with US Lines to open ‘early next week’
- EC resurrection of ports directive divisive, agree port authorities and unions
- Peak season surcharge looms for South East Asia/Australia trade
- MISC to commence Taiwan-Straits Service
- Three Chinese companies form joint venture to operate container terminal at Zhenjiang
- Storm over control of NY harbour pilots
- Sinotrans forms logistics joint venture with its listed units
- MOL expands high-growth market strategy from China
- HMM to issue corporate bonds to relieve financial pressure
- Brazilian cabotage operator to use new financing for new feeders
- Blue Star and Nordcapital take Korean deliveries
- Rickmers Reederei orders four 4,250TEU vessels
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| JUNE 18, 2004 |
- Tankerman pleads guilty
Chief engineer of Tanker Pacific aframax faces fine and jail over oil discharge scam.
- No smoke without fire
Ships will vie with cars to produce most transport pollution in next 30 years, US report shows.
- Lake Ontario catamaran debuts
Fast ferry starts on Great Lakes, but accident means it is not the first.
- Horizon Lines to raise $250m
Metamorphosis of top Jones Act containership owner continues with private placement.
- Eidsiva ups stake in ro-ro
Norwegian now holds 45% of Tor Belgia limited partnership.
- Ugland in mystery VLCC deal
Dynacom time-charters out another large tanker but at an apparently strong rate for a single hull ship.
- Cosco to double tanker fleet
Chinese shipping giant to boost tonnage as it signs up officially with domestic importer.
- Troim extends Golar LNG punt
Company CEO renews his foward contract on stock as value of shares inchese higher.
- Carnival sails to record quarter
Cruise giant sees "remarkable quarter" as concerns over terrorism and the war in Iraq fade.
- Royal Olympic faces eviction
Cash strapped cruise line could finally get the boot from the Nasdaq stock exchange.
- Bjorn Moller in the money
Teekay chief files to sell over $7m worth of tanker company shares.
- Rickmers Linie extends charters
Hamburg-based shipowner takes ships for three more years for Europe Middle East service.
- APL names new head of Japan
Neptune Orient Lines’ liner arm names Koichi Maeda (left) as new country managing director.
- Precious buys over 1m shares
Thai bulker owner spends just over $800,000 on stock as it continues with repurchase plan.
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| JUNE 18, 2004 |
- Pacific International Lines may enter transpacific
- Maersk Sealand revises transpacific services
- Maersk points to citizenship, American military in USSM takeover
- MarAd approves vessel flag transfer, scrapping
- Wan Hai switches Indian ports on China/Middle East link
- Maeda promoted to managing director at APL Japan
- FMC Web site down for maintenance June 19
- DHL starts $150-million campaign to increase U.S. business
- Lan Peru expands Latin American coverage
- U.S. House introduces antiterrorist bill for rail transportation
- C.H. Robinson expands in China
- Customs emphasizes need for U.S. ratifying revised Kyoto Convention
- U.S. officials emphasize quality over quantity for container inspections
- EC commissioner announces new port reform plan
- Ports of Los Angeles, Seattle report sluggish box growth for May
- Port of L.A., China Shipping make environmental pact
- Groundbreaking at Houston's Bayport terminal
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| JUNE 18, 2004 |
- "Norden" sold to Sweden
Rederi Ab Engship in Finland has sold its 10,900 DWT bulk carrier "Norden" to Bluewater Shipping Ltd (Berndtsson Rederi). The ...
- Enforced authority role for the Swedish Maritime Safety Inspectorate
The Swedish Government has decided to enforce the authority role for the Maritime Inspectorate which is a part of the ...
- Transport directorate likely in new EU Commission
As a consequence of the EU enlargement, the institutions are up for major organisational changes. The present Directorate-General for ...
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