 | web site |
| JANUARY 22, 2004 |
Shipping News
- Indonesian proposal may hit S'pore-based lines
SINGAPORE-based shipping lines could be among those hit by an Indonesian shipping ministry proposal requiring key commodities to be shipped domestically by national flagged vessels.
- APL Logistics sets up rep office in Kenya
NEPTUNE Orient Lines' APL Logistics has extended its global network to Kenya in order to tap the country's growing garment manufacturing industry.
- Busan's throughput up 9.7%
BUSAN port, South Korea's busiest, handled 9.7 per cent more containers last year, boosted by an increase in the country's exports of electronics goods, tyres and other products.
- Cruise cut abruptly
THE cruise ship European Stars, owned by Italian cruise operator Festival Crociere, sits moored in Barcelona, Spain, after a Spanish judge impounded the ship because the operator owed creditors more than 4 million euros .
Air and Land Transport
- US air passenger traffic slashed in new forecast
IN 2000, as air travel was surging, the Federal Aviation Administration estimated that 931 million passengers would board commercial airplanes in the United States in 2010, compared with 624 million in 1999.
- Miami bomb joke arrest shows US seriousness about security
- Security standards for sky marshals needed: BA chief
- Air Canada flight attendants seek bonus to match CEO's
- LOG Book
Newbuilds
- Insurers act to reduce shipyard risks
LAST week the 72,000 gross ton cruise ship Pride of America partially sank at its outfitting berth at German shipyard Lloyd Werft a couple of months before completion.
|
 | web site |
| JANUARY 22, 2004 |
- MOL upgrades Asia-South/West Africa service - Indian shippers to benefit from improved transit times
- In-principle Cabinet nod for tonnage tax likely soon, says Sinha
- Mercator Lines’ profit shoots up by 695 pc
- Iran, Oman purchase Indian corn
- Facilitate smooth ore exports, KCCI tells Karnataka govt
- Contracts to export 150,000 tonnes of corn bagged
- Export potential of defence equipment put at Rs 20,000 cr.
- Move to declare Major Ports’ approach channels as national sea waterways
- New iron ore tippling record set at Vizag Port
- VPT destined to be the preferred port, says chairman
- Truck freight rates go up by 30 pc on certain routes
- Union Cabinet clears Bangalore airport project concession agreement
- Nitish Kumar may reclassify certain freight commodities
- Finance Ministry throws open ECB floodgates - $ 500 m accessible through automatic route
- Automobile firms make out case for 3 SEZs
- MAIT hails removal of excise duty on IT items
- Focus on exports vital to become top economic power, say corporates at seminar
- Cabinet clears pvt. participation in foodgrains business
- Excise relief for flasks, insulated wares
- Make N-E region economic bridgehead to S-E Asia: PM
- SABF meet at Dhaka aims at regional trade promotion issues
- Pak opts for Aussie wheat despite MFN status offer to India
- Packaging expo planned
|
 | web site |
| JANUARY 21, 2004 |
- US East Coast quiet as prices put buyers off
- No repeat of big freeze in St. Petersburg, but supplier prepared
After an exceptionally severe winter for 2002/2003, during which St. Petersburg and many other ports in the Baltic Sea became icebound for several months, suppliers in the major Russian port have been blessed with a mild winter so far. ECO Phoenix, which is celebrating its tenth anniversary this month, nevertheless took measures to be prepared to handle ice conditions.
- Forecasts: US distillate stocks to fall, crude outlook mixed
- Cargo delays spell problems for unlucky few in Fujairah
With only a $0.25 rise in fuel oil cargo today, Fujairah numbers have remained relatively stable. Avails are a very different story, with a mixed picture appearing from different sources in the area.
- Oil softens a little after latest bull-run
Oil prices rallied to fresh 10-month highs yesterday, but were seen easing today even as market analysts were forecasting further drain in US oil stocks when the latest weekly data are issued tomorrow.
- Good demand, fair prompt and plentiful avails in Piraeus
- Rotterdam steady despite firmer crude
- LA supplier says tight market easing, prices to fall
|
 | web site |
| JANUARY 21, 2004 |
- Transamerica improves website
- Lithuania to improve its transport infrastructure
- Aramex enters into strategic alliance with Tech Data in Jordan
- Freiburg-Lugano/Novara rolling highway volumes up
- Flightcare Cargo awarded Moroccan concession
- Pique Ferry Agency takes over cargo agency of Minoan Lines in Germany
- Jörns Reineke to head UPS Germany; Wolfgang Flick becomes President UPS Europe
|
 | web site |
| JANUARY 21, 2004 |
- Divers to enter "Rocknes" tomorrow
- All time high for HH-Ferries
- "Superstar Leo" transfers to NCL cruises in Alaska
|
 | web site |
| JANUARY 21, 2004 |
- LNG blast kills 23
- Rocknes rescue ends
- IMO calls for urgent action to implement ISPS on time
- Global wheat trade booms
- MOL Africa service calls Shanghai
- Tidewater Q4 result up on Q3 but down on Q4 2002
- Baltic’s Handymax Index to stay for bit longer
- Stolt Nielsen in US104m private placement
|
 | web site |
| JANUARY 21, 2004 |
- Sembcorp Marine in jack-up building venture with Skeie
Baker marine jack-up to be built at PPL Shipyard
- LNG escort tug joins Moran
Washburn & Doughty delivers Kaye E. Moran
- EC seeks to extend subsidies
Another year for "temporary defensive mechanism"
- Executive appointments at Newport News
Stewart, Edenzon and Mazach move up
|
 | web site |
| JANUARY 21, 2004 |
- Wall Street rating agencies give high marks to Port Seattle bonds
- Spill at The Dalles Dam sends 1,300 gallons of oil into river
- New Costa Cruises vessel will break shipbuilding records
- New officers selected at Olympia port board meeting
- Coast Guard nabs pair smuggling marijuana into US
|
 | web site |
| JANUARY 22, 2004 |
- Part-float of Hapag-Lloyd unveiled as Casjens quits
GERMAN tourism and shipping giant Tui has decided to part-float the country’s largest liner company, Hapag-Lloyd, with 30%-33% of the Hapag-Lloyd shares to be offered to investors in the second half.
- Festival confident of overcoming cash crisis as Credit Agricole deadline expires
FESTIVAL Cruises said last night that it was still optimistic about finding a solution to its financial difficulties, despite the expiry yesterday of a 1800 hrs deadline for payment of arrears on charter instalments on one of its vessels.
- VLCC charter rates hit 30-year high
A CHARGE by US refiners to secure oil cargoes from West Africa has boosted charter rates for very large crude carriers to 30-year-highs, writes Martyn Wingrove.
- DnB Nor eyes German lending and LNG
TWO new task forces to investigate expansion opportunities in the German lending market and the liquefied natural gas sector are part of DnB Nor’s growth strategy, the Norwegian giant’s head of shipping has told Lloyd’s List.
|
 | web site |
| JANUARY 21, 2004 |
- TUI sells Hapag stake to pay debts
TUI, the German tour operator that owns Hapag-Lloyd Container Line and Hapag-Lloyd Cruises, is to sell one-third of Hapag-Lloyd shares to raise money
- Skikda blast to disrupt GdF supply
THE fatal accident at Algeria's Skikda LNG facility, in which 23 people are reported to have been killed and 74 injured, will disrupt France’s LNG supplies in the weeks ahead
- Democrats want all boxes inspected
US Democrats have responded to George Bush’s state of the union address by calling for increased homeland security, including inspection of all incoming cargo containers
- Market 'overreacts' to Skikda blast
A London-based LNG broker says the gas market has overreacted to the news of the blast in Skikda, Algeria
- Terrorism not on EMSA agenda
THE fledgling European Maritime Safety Agency will be given further responsibilities over pollution but will not be expected to tackle terrorism, EU politicians decided today
- Have your say!
SHOULD Brazil be criticised for 'reciprocity' in fingerprinting US cruise ship passengers, or is this the only way to get the message across? Have your say!
- EC extends shipbuilding subsidies
- US tourists slate Brazilian welcome
- HK reports on ISPS moves
- Australia: crew immigration clearance
- Thailand steps up box security
- Shippers wary of Warri
- WTO warns US over barriers
- Total charters P-Max twins
- NOL reports higher returns
- Star shuffle after Pride's delay
|
 | web site |
| JANUARY 21, 2004 |
- U.S. keeping China in mind
As Asia imports boost rates and spur record volume at LA-Long Beach in 2003, the FMC smooths the way for normalizing U.S.- China maritime trade.
- Union Pacific profits up 46% in Q3
Rail carrier's profit jumped in the fourth quarter, helped by growth across all freight categories, and the sale of its trucking business.
- Democrats call for inspection of all containers
- WTO victory for U.S. in Canada lumber fight
- Hapag Lloyd plans IPO, sells logistics
- Customs collects $24.7 billion in duties
- State, local planning can't handle freight: GAO
- N.C. State Ports Authority adds to team
- Stolt-Neilsen raises $104 million
- UPS chief to chair China trade group
- United Cargo's Gibson retires
- Kuehne & Nagel acquire CAT Group unit
|
 | web site |
| JANUARY 21, 2004 |
- Casjens goes as TUI announce Hapag-Lloyd listing
In a dual announcement Hapag-Lloyd parent TUI announced the stock listing for the German line at the same time as announcing the departure of board member Gunther Casjens.
- CSCL to increase Asia-Europe coverage from one to three services by June
China Shipping Container Lines (CSCL) has confirmed its new north China Loop (AEX2) will begin in late February, and its second mainland China loop (AEX3) in June.
- Early 2004 charter index gains wipe out late 2003 fall
- Shippers express disquiet at Indonesian port competition ruling
- APL volumes and utilisation remain strong despite rate-drops
- Maersk to assume management control of Pipavav Port
- Port of Long Beach sees first upturn in exports since 2000
- Distance-charging promising approach to be discussed by transport ministries
- FMC closed meeting to debate relaxing NVOCC rules
- Automated terminal sets new record handling world’s biggest ship
- Manufacturing shift prompts APL Logistics to establish Kenya presence
- Correction: Canadian ports will meet the ISPS July deadline
|
 | web site |
| JANUARY 21, 2004 |
- Tanker stocks roar (again)
Record highs becoming the norm on Wall Street.
- OMI enters guilty plea in oil dumping
Company accepts $4.2m fine and three years probation.
- Eimskip ices US military transport contract
Icelandic carrier unseats rival TAL in shuttle service to US air base.
- Stelmar grows share price, fleet
Greek owner sees new stock highs and two more tankers.
- Knightsbridge girds for Shell termination
Company reserves $6.6m more in cash while paying 80 cent dividend.
- Hapag-Lloyd to float
German tourist giant TUI to sell a third of container line and dispose of other shipping interests.
- Caspian Shipping boosts cargo volumes
Azeri owner hoping to beat 2003’s figures this year as newbuildings join fleet.
- Belships books Belgrace profit
Sale of products tanker to Trustoil will generate $0.5m in extra earnings in first quarter.
- Lochain Patrick hits takeover trail
Acquisition of London Special Risks creates $150m premium marine broking group.
- Latvian Shipping sells tanker for scrap
Fleet revamp continues for Riga-based owner with disposal of 1976-built vessel.
- Rocknes salvors weigh up options
Workers plan wreck search for bodies of 15 missing crew while spill clean-up gets underway.
- Huen Woo loses Montanari order
Italian owner scraps products tanker deal due to lack of guarantees from Korean yard.
- Stolt sells shares
Beleagured chemical tanker giant moves to raise cash and hints at further debt reduction tactics.
- Gloom deepens at Volgotanker
Russian tanker owner posts bigger losses for first half of 2003.
- Star repositions ship
SuperStar Leo to step into breach after Pride of America sinking.
- Finnlines examines ro-pax
Finnish owner’s vessel docks at Swedish port after grounding in heavy winds.
- Cosco Corp under scrutiny
Singapore regulators query trading activity after one-third of paid up capital changes hands in two days.
- CMB increases Clarkson stake
Sky high share price doesn't stop Belgian owner buying more stock in favourite broker.
- NOL sees further rate improvements
2003 ends on a high note as Singapore national flag carrier sees revenue per teu rise 16% year-on-year.
|
 | web site |
| JANUARY 21, 2004 |
- IMO warns governments against missing July 1 security deadline
- FMC relocates South Florida office
- Casjens leaves Hapag-Lloyd
- Stolt-Nielsen raises $104 million in equity
- U.S. Coast Guard issues noxious liquid guidelines
- Norwegian prime minister orders investigation of capsized ship
- Delmas raises Canada/West Africa rates
- UPS buys out Japanese venture partner
- UPS chief Eskew selected as China trade advocate
- RailAmerica cashes out Chilean rail investment
- New Zealand Customs prepares shippers for new export rules
- SEKO Worldwide expands U.K. operations
- Browning to leave U.S. Customs
- Democrats respond to Bush's homeland security campaign
- Arzoon buys assets of Vigilance, Inc.
- Omni Logistics names Jackson as executive vice president
- Freightgate appoints Anchan VP of business development
- Long Beach's box traffic up 3% in 2003
- China selects SeaSecure for security training
- Port of Seattle bonds get AA credit ratings
|
|
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
