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| MARCH 22, 2004 |
Shipping News
- APL ship collides with tanker
THE Singapore-flagged APL Pusan is now at anchorage at the Port of Mundra after colliding head-on with a Panamanian-flagged tanker in heavy fog in India's Gulf of Kutch last week.
- Australia orders review of maritime security
THE Australian government yesterday announced a review of its maritime security measures to guard against possible terror attacks at its ports, the transport minister said.
- WTO panel to probe S Korea's charges of EU subsidies
MEMBER countries of the World Trade Organisation have agreed to set up an expert panel to look into South Korean charges that the European Union is giving illegal support to its shipbuilders.
- Futuristic boat
TOKYO Cruise Ship Co's new futuristic vessel Himiko sails along Tokyo Bay as the landmark Rainbow Bridge is seen in the background on Friday.
Air and Land Transport
- Airbus wins US$2b Spirit Airlines order for 35 planes
AIRBUS SAS, the world's biggest maker of commercial aircraft, won an agreement from closely held US discount carrier Spirit Airlines Inc to order 35 planes worth US$2 billion, and possibly 60 more.
- HK, Thailand sign deal to liberalise air services
- AirAsia's Thai unit adds flight to S'pore
- Virgin scraps 'lip service' after protests
- Jakarta airport radar breaks down twice
- Log Book
Dockyard
- Salvage industry may face the crunch as workload shrinks
AFTER another year of frantic political activity in some quarters, aimed at making the shipping industry and the world's oceans safer, the International Salvage Union's latest annual Pollution Prevention Survey would probably come as a surprise to the man on the street.
Ship Sales
- Ship Sales
PRICES continue their upward spiral as can be seen from reports of two re-sale handymax bulkers.
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| MARCH 22, 2004 |
- SCT signs deal with Formosa Plastic Group
- Sun Cypress granted Cepa, Class A Forwarder's licences
- Cargo throughput up 50pc at Guangzhou in February
- Horizon Lines, Maersk continue co-operation
- Famous Pacific Shipping extends reach to Romania, Belarus
- Georgia ports export volume up
- KLM to offer more cargo capacity to Asia
- U-Freight's global operations grow over past five years
- US PhD candidate wins TIACA research competition
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| MARCH 22, 2004 |
- Mercator Lines again wins MRPL contract to ship crude in 2004-05
- Shipco Transport Inc sees great potential for NVOCC market in India - Eyeing Delhi, Bangalore, Chennai, Kolkata for offering direct services to US
- Shipowners reject plea to cut handling charges at KDS
- CIAe sees bright prospects for apparel exports
- Crude imports rise by 9 pc
- Texprocil opposes US, Turkey plea for extension of garment quota deadline to December 31, 2007
- Visakhapatnam Port sets national record in iron ore loading
- Mumbai Port spruces up arrival/departure lounge to welcome cruise travellers
- Infrastructure sector growth shoots up by 11.3 per cent in February
- India set to emerge as global textiles outsourcing destination: Official
- CBDT tells corporates to file e-TDS returns
- IMC delegation in UAE; explores business ties
- Obson Int’l wins export award
- Mumbai Custom House Agents Assn granted recognition
- New RBI ED
- Announcement of Monetary Policy may be delayed
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| MARCH 19, 2004 |
- Montreal prices dive, Seaway opening facing possible delay
An unprecedented challenge to the opening of the St. Lawrence Seaway threatens to delay the reopening of this key shipping route. Bunker demand in Montreal should improve when it reopens.
- Chemoil enters clean product market
New joint venture with owners Itochu could spark new bunkering opportunities, says company.
- Buoyant demand drains avails off-shore Nigeria
Bunker suppliers operating off-shore Nigeria on the West African coastline were running low or partially dry on stock this week as one player described demand as 'huge'. Fortunately, not all suppliers were running out of the same products.
- Busy end to the week's trading in the Baltic
- Rotterdam little changed amid distillate shortage
- Singapore suppliers hold offers firm amid cargo influx
Terminal congestion in Singapore forces BP to put hold on quoting bunker offers until later next week.
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| MARCH 19, 2004 |
- Transactions handled by Axit’s AX 4 logistics platform up 300%
- Will discretionary tachograph moratorium lead to chaos?
- Three new European partners for Rangel Transitários
- Renault Trucks with success
- Emirates flies to Glasgow
- Famous Pacific Shipping expands to Romania and Belarus
- New President of SITL
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| MARCH 19, 2004 |
- Pilots opt for water jets
New boat under construction at Gladding-Hearn
- Signal International to upgrade jack-up
Will reopen dormant Pascagoula West Yard
- Corps of Engineers to issue towboat IFB
Plans 144 ft, 3,350 hp vessel
- Transocean sells two semis
Sedco 600 and Sedco 602 go to JCE Group
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| MARCH 19, 2004 |
- PMA President, Joe Miniace announces plans to retire
- Rail freight traffic up for first week of March
- Central Freight Lines buying Oregon LTL carrier
- Task force will look at recreational boaters in ship channel
- Tsakos exercises option to build two ice-class tankers
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| MARCH 22, 2004 |
- Wärtsilä faces fresh cash scandal probe
MARINE engine major Wärtsilä Corp faces a fresh probe into payments allegedly made from its accounts to sweeten engine deals, following the arrest of three Wärtsilä Sweden personnel.
- Ashdod bombers may have entered port in container
PALESTINIAN terrorists behind the recent suicide bomb attack on Ashdod may have entered the highly-guarded port inside a container, according to reports in the Israeli media.
- SEC turns attention to Norsk Hydro
SHELL’S Ormen Lange partner Norsk Hydro is the latest to come under scrutiny from the US Securities and Exchange Commission over its booking of reserves, according to reports.
- Oil surges on US fears and China demand
OIL prices have surged to 14-year highs on concerns of a predicted shortage in US gasoline stocks and soaring demand in China, writes Martyn Wingrove.
- Georgiopoulos to swoop on Soponata
PETER Georgiopoulos’ General Maritime is poised to acquire Portuguese tanker company Soponata, according to informed sources, writes Tony Gray.
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| MARCH 19, 2004 |
- Alstom slides on bailout admission
PRESSURE is mounting on French power generation to shipbuilding group Alstom, which has seen further steep falls in its share price after chairman Patrick Kron admitted this week that the terms of a €3.2Bn ($3.9Bn) government-backed bailout, arranged just six months ago, are unlikely to be met
- India rules out pollution
THE Indian government has ruled out any threat of pollution from a tanker that broke in two after a collision this morning off the western province of Gujarat.... Full story
- Santos cruise season disappoints
THE cruise season at Santos, Brazil, which draws to a close today with the final call by Island Cruises’ Island Escape, has been disappointing.... Full story
- Rotterdam gets huge chemical plant
CHEMICAL companies Lyondell and Bayer officially opened their new chemical facility in Rotterdam today with one eye on the Chinese market.... Full story
- PMA's Miniace replaced
JOE Miniace, the combative director of the Pacific Maritime Association, resigned on Wednesday and was replaced by Jim McKenna, PMA’s chief operating officer... Full story
- LUKoil sale raises questions
AFTER more than a year trying to find a buyer for its fleet of river-sea class tankers, LUKoil has been successful - but is the company related?... Full story
- Judgement awaited in Valdez latest
- Far Eastern confident for 2004
- Only sixteen bodies identified
- Drunken dredger master jailed
- Superferry search continues
- OOIL reports massive gains
- Seyang goes for expansion
- Terrorists arrived 'in a container'
- TT-Line passenger feared drowned
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| MARCH 19, 2004 |
- Maersk Sealand: No Va. hub deal yet
Carrier denies report it signed off on deal to build new terminal at Port of Hampton Roads, says further review needed.
- U.S. plots end to crew-list visas
State Department wants foreign crewmen on ships to apply for non-immigrant visa status, undergo background checks.
- Canadian National rail strike over
- U.S. files first China complaint with WTO
- Boom for OOCL parent profit
- United on track for reorganization
- ITC reviewing Morocco, Dominican trade pacts
- TSA, Florida ports will develop ID card
- Volume spurs Hutchison earnings
- Appeals court allows duty reduction for painted trucks
- Yang Ming outsources U.S. paperwork
- Hoegh fined $3.5 in dumping case
- Charge for TPG over British taxes
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| MARCH 19, 2004 |
- Collision delays APL vessel off Gujarat coast
The Singapore-registered containership APL Pusan has collided with the product tanker Delta I off the coast of India.
- Iraq-war protests to bring US ports to a standstill
No ships will be worked at Oakland, Portland and other smaller Columbia River ports on Saturday, as dockworkers stop work to show opposition to the Iraq war.
- Contract ratification ends CN workers' one-month strike
- SAPO rate rises disappoint carriers
- OOIL cautious interim succeeded by flush full-year
- Joe Miniace, PMA president, resigns
- BTL starts India-Gulf service, to ride freight highs
- Companies of Peel Holdings get together on Port Salford project
- Emmerich box trade up
- Barges to Brussels
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| MARCH 19, 2004 |
- Teekay OK with credit review
Tanker giant 'confident' of financial position as company prepares for scrutiny by ratings agencies.
- Tanker stocks end week in fizzle
Overall market dogged by terror worries, continued spike in world oil prices now at 14-year high.
- Tanker sinks off India
Crew of both ships reported safe after collision with APL boship.
- Tung hails 536% profit rise
Hong Kong's OOIL has reported a massive rise in earnings as the container boom is set to continue through 2004 and beyond.
- Seawing sales talks rumoured
Cruises cancelled as talk of charterer’s deal making with Royal Caribbean emerges.
- Peters halves workforce
Another blow for Dutch shipbuilding as troubled Kampen yard lays off 61.
- Seyang surges higher
Fourth quarter boom buoys Korean bulker owner in 2003, as profit rises.
- New link for Caribbean
Dominican Republic wants to boost exports with new service from Santo Domingo to Netherlands Antilles.
- Cherepovetsk yard sold
Russian plant snapped up by domestic metals trading house Severstal-Invest.
- Cargoship grounds off Taiwan
Crew safe after incident involving Panama-registered vessel off northern coast.
- Precious bulker buy
Precious Shipping of Thailand continues to rebuild its fleet with a $17.2m purchase of a 27,079-dwt bulk 1996-built bulk carrier.
- Hanjin Shipping ups targets
Korean owner plans to strengthen its boxship alliances during 2004.
- Lukoil sells five
Russian owner offloads river-sea tankers to Maltese owner as it sheds non-core assets.
- Mercator shocks Bombay biggies
Indian owner wins lucrative crude contract ahead of giants like SCI and Great Eastern.
- US detains Bro Selma
Explosive atmosphere in Brostrom aframax's SBT made it "threat to New York."
- Samsung set for Enfield FPSO
Deal looks good to go after Aussie energy concern Woodside gets board approval for oil field development.
- Profit on rise at Hanjin Heavy
Korean shipbuilder Hanjin Heavy Industries forecasts 2004 boost for operating earnings.
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| MARCH 19, 2004 |
- "One of best years to date" leads to profit bonanza at OOCL parent
- Hanjin expects further increase in profit
- USTRANSCOM chief cites need for faster cargo ships
- Maersk extends contracts with Horizon Lines for 3 years
- Lawmakers seek GAO review of air cargo security
- Shanghai planes to get freighter makeover
- CN, CAW ratify new labor agreements
- WCO calls for greater cooperation among customs administrations
- ITC assesses Central American, Dominican Republic, and Morocco FTAs
- U.S. files WTO cases against China, Mexico
- PMA names McKenna CEO after Miniace resigns
- TSA, Florida work together on port worker ID program
- Hutchison cashes in $978 million operating profit
- Port of Marseilles tightens security in wake of Madrid
- Israeli authority says container breached Gaza border
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| MARCH 19, 2004 |
- "Norrøna" back in service - "Norrøna I" back in lay up
Faeroes super-ferry "Norrøna" is now back in service after the two-month stay at Blohm & Voss shipyard in Hamburg ...
- Swedish bunker vessel order to Norwegian yard
BRP Shipping in Göteborg has ordered a 3,000-DWT tanker from Aas Mek Verksted in Vestnes, for delivery in July ...
- Wärtsilä tax crime case grows
One employee of Wärtsilä Sweden was yesterday detained after police interrogations for suspected tax crimes. The number of detained Wärtsilä ...
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