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| SEPTEMBER 21, 2004 |
Shipping News
- Busan targets S'pore, HK firms in US$15b free zone drive
THE Busan government is going all out to help the city's port become North Asia's business hub, setting aside millions of dollars this year to attract foreign investment.
- China factor forces shift in Busan strategy
HIT by the rise of seaports in nearby China, South Korea's biggest container port is positioning itself as the logistics and services hub of North Asia.
- Russia's biggest port plans expansion to up oil export
OAO Novorossiisk Trade Sea Port, the largest seaport in the former Soviet Union, expects growth in oil loadings to slow in 2004 for the third straight year as the port has used up almost all of its spare capacity.
- FSG gets C$325m Canadian ferry order
- Alstom wins order for 2 cruise ships
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| SEPTEMBER 21, 2004 |
- SITC launches new south east Asia service
- Tianjin Jan-Aug trade up 45 per cent
- Marseilles box volumes up 10 per cent
- Ninghang Expressway set to open
- Port of Melbourne throughput rises in August
- Malaysian hauliers to impose FAF surcharge
- Blue Water Shipping wins its biggest project
- CNAC records H1 net profit of HK$120m
- Philippines grants more flights to Asiana
- Emirates SkyCargo introduces electronic waybill
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| SEPTEMBER 21, 2004 |
- Taiwan’s 3 top carriers launch new joint service linking N. China, Singapore, Malaysia & HK
- Famous Pacific Shipping strengthens presence in Taiwan
- Cargo handling rates at Chittagong port up
- IFLN meet in Shanghai next month to consider strategic partnerships
- NOL’s Q2 net profits soar to $ 186 bn
- PTP to install 3 more cranes
- CMA CGM joins anti-hunger fight
- Line celebrates 100th anniversary on SA route
- Exports post marvellous 28.13 pc rise in August
- MbPT holds functions, felicitates Hindi promoters
- Haldia Dock clocks record throughput of 3.23 m tonnes in August
- CoPT issues DPI letter of intent to develop int’l box transhipment terminal
- Rlys urges SAIL to take away more coal from E. Coast ports
- CONCOR to expedite decongestion at JNP
- Forex reserves up by $ 54 million to $ 1,17,576 million
- SRTEPC pleads for continuation of DEPB scheme
- AIEC chief sees excellent prospects for services exports
- Now at the helm
- 85 consumer items to be taken out of SSI’s reserved list
- NHDP to cover upgradation of 34,000 km of roads
- Forex reserves cross $ 118 bn
- Commercial credit surges by Rs 30,865 cr.
- Thousands take part in Coast Guard’s coastal clean-up drive
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| SEPTEMBER 20, 2004 |
- Singapore 'cave' storage project gains credibility
Singapore authorities to take 'leading role' in studying possibility of underground cave network for oil products storage.
- Chinese trader opens office in Singapore
State-owned subsidiary aims use spot market tools to develop more imports from Singapore into eastern China.
- Port of Tanjung Pelepas confirms bunker island project
After months of speculation, PTP confirms bunker supply island project, although construction of the supply infrastructure is yet to begin.
- Hong Kong: Recent sales increase provides no long-term hope
Despite a slight increase in demand in Hong Kong over the past week, suppliers say the port has in no way recovered from the recent ban on OPL bunkering and are becoming increasingly resigned to accepting the new regulations.
- Crude: Supply disruptions continue to spur bull-run
While Hurricane Ivan has passed through the Gulf of Mexico, the after effects continue to push crude prices higher, amid further news of supply disruptions from Russia.
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| SEPTEMBER 20, 2004 |
- More stringent controls on Italy’s roads
- Menlo Worldwide Trade Services launches Impower Canada
- Natural opens new office in Paris
- Intercontainer Austria launches Koper-Graz blocktrain
- Emirates’ first freighter to South Africa
- APL North Europe – Montreal
- New boss for Port of London
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| SEPTEMBER 20, 2004 |
- Belgian unions target Polembros
- Exmar’s strong half year
- Dalrymple Bay aims to be No.1 coal port
- Offshore vessel sinks in N Sea
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| SEPTEMBER 20, 2004 |
- Stelmar to be acquired by Fortress
- Bourbon takes over Ulstein newbuild
- Wartsila power for Normand Installer
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| SEPTEMBER 20, 2004 |
- Port of Seattle study finds fishing industry vital
- APL adding service linking Europe with Montreal
- Cargill wants college students to apply for ag conference entry
- Boeing releases annual World Air Cargo Forecast
- Top Tankers puts to work new Handymax tanker
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| SEPTEMBER 21, 2004 |
- Stelmar sells out to Fortress with $677m ‘definitive agreement’
STELMAR Shipping yesterday unveiled a "definitive agreement" that sees Fortress Investment Group paying $677m in cash for the tanker company’s stock.
- Levene warns of watchdog’s bite
LORD Levene, chairman of Lloyd’s, has warned that its watchdog system is sharpening its surveillance of danger signs in the marine and energy insurance markets.
- Poor health forces Choi to resign as Hanjin president
AFTER just 20 months in charge, Hanjin Shipping’s president Won-Pyo Choi has stepped down, citing health reasons.
- EC rubbishes rumours of Barrot to quit
A SPOKESMAN for the European Commission denied yesterday that incoming transport chief Jacques Barrot was considering resigning from the Brussels executive.
- Panama overhauls fines to win back flag business
IN its first act, the new administration of the Panama Maritime Authority has moved to neutralise one of the main reasons why some of its highest profile, most reputable operators have abandoned the flag, writes Rainbow Nelson.
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| SEPTEMBER 20, 2004 |
- Rotterdam brought to a standstill
DOCK workers brought the port of Rotterdam to a standstill today as part of a protest against changes to the Dutch welfare system
- Tanker explosion in Russia
A TANKER exploded and caught fire, killing at least three, during cargo unloading on the Anabar River, in the east Siberian region of Sakha on 16 September
- Viking Victor sinks
BUE Viking, the Aberdeen, Scotland-based owner of the oil rig standby vessel Viking Victor are investigating salvage options after the vessel sank on Saturday
- Norwalk virus strikes Sun Princess
SANITATION crews are working to purge all traces of the Norwalk virus from the Sun Princess, presently alongside in Vancouver, Canada
- Strikes spread in Durban
A SERIES of strikes by casual dock labourers at the port of Durban have spread from the multi-purpose terminals to other areas of the port
- US Gulf ports begin to reopen
SEVERAL US ports along the Gulf of Mexico are reopening today, albeit on a limited basis, as the US Coast Guard lifts restrictions in place following Hurricane Ivan
- LPG loses power on maiden voyage
- UK's Bathside enquiry completed
- Boxship deals at staggering speed
- Major new twist to Stelmar saga
- LA exec director Kellner resigns
- Hutchison wins Laem Chabang
- Hanjin names new boss
- Condor Ferries changes hands
- Two months for collision master
- Dubai close to Vallarpadam deal
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| SEPTEMBER 20, 2004 |
- Maersk Sealand out of 2 S.A. services
World's largest carrier exits U.S. East Coast to East Coast South America services it operates with three other lines.
- Gulf ports pick up after Hurricane Ivan
Coast Guard bans all ocean-going traffic at ports from Gulfport, Miss. to St. Marks, Fla.
- Hearing set in ILA contract suit
- L.A. port chief Keller resigns
- Rotterdam hit by strike
- Record volume for Savannah
- China trade to total $1 trillion
- L.A. sole gateway for LauritzenCool avocados
- TMM starts direct Europe-S.A. service
- British Airways expands network
- APL to launch new China-Middle East service
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| SEPTEMBER 20, 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.
- Jeanne wavers in Caribbean as Lisa gets ‘organised’
- India’s Rail Ministry agrees to demonopolise boxtrain services
- Maersk strikes US$47million Pipavav deal with Sea King
- Objections to North Europe dredging projects undermined
- Australian beef exports soar
- Paranagua Container Terminal H1 throughput grows 24.57%
- APL announces Montreal-Europe slot-service
- BPA starts port sales activity
- Busan woos lines with quality award and favourable inspection regime
- Gothenburg levies ISPS charge on loaded units
- East-west intermodal hits new highs
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| SEPTEMBER 20, 2004 |
- Gas ship saved by a hair
A brand-new ship lost power and narrowly escaped being slammed on Norway's rocks this morning.
- Stelmar chiefs to keep jobs
Management team to remain unchanged if Fortress' $677m bid for tanker company goes through.
- Indian yard plots IPO
Privately owned Bharati Shipyard wants to build new yard and target bigger newbuilding contracts.
- Euronav to go its own way
The board of Marc Saverys-headed CMB has said yes to a separate listing of VLCC owner Euronav.
- CSC sues
Caspian Shipping wants damages from Turkish company over ship arrests.
- Hurricanes hit earnings
US tanker owner Martitrans expects a financial impact after three big storms in the US southeast.
- Virus hits Carnival ship
Norwalk bug outbreak hits 150 on Sun Princess Alaskan cruise.
- Bourbon buys Ulstein ship
French group takes over newbuilding contract for offshore vessel at Norwegian yard.
- Viking Victor sinks
Bue Viking’s fire hit offshore support vessel goes to the bottom off Scottish coastline.
- Fortress sets sights on Stelmar
New York investment group agrees to pay $677m to acquire conflict hit tanker owner.
- Varun goes low
Indian owner picks price at bottom end of its range for stock offering.
- India Steamship eyes merger
KK Birla group company to be swallowed by sister operation Chambal Fertiliser & Chemicals.
- Navy to revitalise Karachi yard
Pakistan’s navy chief pledges to breathe life back into moribund facility.
- BC bites bullet
Canadian owner ignores domestic disgust to confirm order for three ferries at Flensburger in Germany.
- Maanav Star refloat postponed
Grounded Indian cargoship will stay put off UK until at least 28 September.
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| SEPTEMBER 20, 2004 |
- North Sea strike to escalate in October
Federation of Oil Workers’ Trade Uniones (OFS – Oljearbeidernes Fellessammenslutning) will take another 77 members onboard the production vessel "Petrojarl Varg ...
- Unions want Norwegians in coastal waters
The Norwegian government is currently assessing a proposal to dispense with work permits for foreign crews on foreign vessels working ...
- Large ferry order to Flensburger
Flensburger Shiffbau, FSG, in Germany won the order for three ferries to canadian BC Ferries. The order, worth EUR 206.4 ...
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