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| APRIL 22, 2004 |
Shipping News
- Move to speed up Melbourne port channel deepening
CHANNEL deepening at Australia's busiest container port, Melbourne, will be fast-tracked to ensure its completion by 2007, the Victorian state government announced.
- Cruises commit US$200m to revamp NY terminals
SINGAPORE-listed Star Cruises' US subsidiary Norwegian Cruise Lines , together with Carnival Cruises, have committed US$200 million in port dues to support a major development of New York's cruise ship terminals.
- ST Engg unit, Hartford tie up to launch shipping diploma course
ST Education & Training Pte Ltd and Hartford Group have launched a new three-year shipping diploma course.
- AP Moeller to build US$500m terminal in Portsmouth
AP Moeller-Maersk, the world's largest container line, will invest about US$500 million to build a terminal on the Elizabeth River in Portsmouth, Virginia, to quadruple its port capacity in the area.
Air and Land Transport
- International airlines to pay more for fuel this year
AIRLINES that fly internationally are expected to pay US$8 billion more for fuel this year than in 2003, the International Air Transport Association said on Tuesday.
- Air France plans to raise capacity in Asia by up to 34%
- Alitalia to increase capacity by 12% under business plan
- Plane loses part of wing in runway collision
- LOG Book
Newbuilds
- LNG orders signal trade growth
RELATIVELY few orders feature this week but six of those are for LNG carriers which means that the short list of contracts is worth well over US$1 billion.
Port Shots
- Port shots
PORTS of Auckland Ltd, New Zealand's largest port, said it handled one per cent fewer containers in March than a year ago after losing a shipping service to a rival.
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| APRIL 22, 2004 |
- MOL Shanghai warehouse to begin operations in summer
- Wangfoong begins SCT/CCT-Zhuhai shuttle service
- ICTSI Polish terminal completes phase 1 of expansion
- SITC launches Tianjin-Huangpu service
- TNT introduces `Clinical Express' service
- YICT signs HK$3.3 billion loan deal with banks
- MOL to offer ACE connection between North and South America
- Dolphin using INTTRA-Link software
- Criminal activity down at Port of NY & NJ
- UPS granted six additional flights to Hong Kong
- US Airways chief executive resigns
- Korean Airlines unhappy over distribution of routes to China
- DHL increases capacity for Singapore-Jakarta express service
- HK, Australia expand air services agreement
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| APRIL 22, 2004 |
- NSCSA considering allies to enhance liner service frequency at JNP
- Tuticorin Port introduces novel incentive scheme to lure incremental cargo traffic
- Pisces Container Lines appoints Aspinwall to tap logistics business in South
- DCM Hyundai delivers first batch of quality ISO containers to TCI Seaways
- CONCOR’s Vizag depot achieves Rs 11.2 crore turnover in 2003-04
- For A Few Dollars More! - Despite appreciating rupee, exporters still keen on the greenback!
- Corporate expert group wants war-risk cover scheme modified
- Exporters paying dearly for error in Customs duty exemption notification
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| APRIL 21, 2004 |
- USEC: Prompt commands premium in tight New York
- US oil stocks grow less than expected
Crude stocks fail to grow despite solid imports as refinery input soars.
- Sail power wins credible backing in Germany
SkySails' air-filled towing kite 'could produce up to 50% in fuel savings'.
- Saudi market firming
- US oil inventories at a glance
The latest US government data.
- Greek demand drops off
- South Korean market shows wide spread in slow trade
IFO indications in South Korean ports remained relatively unchanged today, despite suppliers' general conception that the market was a little bit on the soft side
- Rotterdam supplier bolsters team
- Fuel oil unit explosion raises fears of product shortages
No timescale for reopeing of Tokyo-based refinery as Japan enters peak driving season.
- Rotterdam soft this morning
- Santos pipeline maintenance to limit supply
- Bunkering chief strives for change in Iran
Marine Services managing director vows to open up Iran to international bunker market.
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| APRIL 21, 2004 |
- ITJ organises packing seminar at Mavex
- Roberson chooses SkyBitz
- IFC funds expansion of San Vicente port (Chile)
- Kuehne & Nagel granted Class A license in Shanghai
- Boss Logistics invests in South African Spoornet
- Transit times to Poland reduced
- New DFDS Freight Service link Gdansk-Immingham/Harwich via Gothenburg
- APL appoints new MD
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| APRIL 21, 2004 |
- Record Q1 for OMI
- OSG keeps dividend at 17.5 cents
- DNV fleet exceeds 100m gt
- Lower volumes hit Gorthon Lines
- Indian coastguard nabs pirate suspects
- P&O to run new Antwerp terminal
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| APRIL 21, 2004 |
- Port of Anacortes Oks Scott Paper Mill agreement
- Port of Portland wants input
on sheet pile wall project for T-4
- Labor dispute only slows British Columbia port operations
- Coast Guard gearing up for July 1 security deadline
- Washington governor inks MOU
for cruise ships in Puget Sound
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| APRIL 22, 2004 |
- Europe to get its own security czar
EUROPE’S answer to the US Department for Homeland Security is expected to emerge from the imminent reorganisation of the European Commission, Lloyd’s List has learned.
- Owners threaten job cuts if EU bans home country status
THOUSANDS of jobs are at risk if the European Commission forces through changes to the legal status of seafarers after EU enlargement in May 1, shipowners say.
- Master faces fine for Atlantic slick
A PROSECUTOR has asked a court in the French port city of Brest to impose a €250,000 ($297,000) fine on the master of a St Vincent and Grenadines flag bulker accused of deliberately causing pollution off the French Atlantic coast in December, writes Andrew Spurrier in Paris.
- Italian customs seize illegal weapons bound for US
BOTH the owner and the Isle of Man-registered charterer of a boxship found with a cache of assault rifles and machine guns on board have denied yesterday any knowledge of the concealed cargo.
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| APRIL 21, 2004 |
- No talks with Festival: RCCL's Fain
ROYAL Caribbean Cruises has flatly denied it is in talks with Festival Cruises, despite last week's assertions by Festival that Royal Caribbean was one of the parties in rescue negotiations to take over the brand
- DNV hits 100Mgt mark
NORWAY-based classification society DNV has taken into class the container ship P&O Nedlloyd Caracas, boosting the society’s gross tonnage above the 100M mark
- Vancouver cruise business at risk
VANCOUVER port officials are starting to realise how seriously the port's cruise industry could be affected by the tug strike
- Mediator enters Vancouver strike
A FEDERAL mediator has been appointed in an attempt to settle a strike that has seen nearly all tugs out of service at the Port of Vancouver
- Stelmar raises first-quarter profit
FOR the thirty-seventh consecutive quarter, Stelmar has announced results that are in the black, reporting profits of $15.7M or the first quarter compared to $11.4M in 2003
- Green lobby hints at Felixstowe
FRIENDS of the Earth (FOE) has urged the UK government to adopt a ‘mini-strategy’ for the three remaining port proposals, hinting that Felixstowe was the best option
- Royal Caribbean rides the wave
- P&O Ports signs Antwerp deal
- New Brazil strike tomorrow
- Kværner share exchange set
- Weak dollar dents Gorthon profits
- China resumes live chicken exports
- Claims sharing an 'unfair' burden
- OMI having a 'great time'
- US unveils ocean policy overhaul
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| APRIL 21, 2004 |
- ILA supports separate short-sea pact
Longshore union says it will support negotiations for contract to cover coastwise trade.
- P&O Ports in major Antwerp terminal deal
- Coast Guard should speed modernization: Study
- Taiwan plans service sector revamp
- More freight spurs Norfolk Southern profit gain
- Bayonne delays request for box hub proposals
- Cargo improves at Northwest Airlines
- Tuticorin offers incentives to shippers
- United scrubs Miami international service
- Dragonair cargo spurs more flights
- Texas county plots Nafta rail project
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| APRIL 21, 2004 |
- Mediator intervenes in Canadian west-coast tugboat strike
Canada’s government has appointed a mediator to broker a deal in the tug and barge operators strike affecting British Columbia ocean and coastal shipping, including container terminals.
- ‘Cold ironing’ incentives could reduce California pollution says report
A report commissioned by a California port and released this month concluded that containerships could reduce emissions by using shore-side electricity.
- Sun Cypress barges into HIT PRD deal
Sun Cypress Shipping (China) (SCSC) says it will operate a daily, dedicated Pearl River Delta (PRD) barge service for Hongkong International Terminals¡¦ (HIT) starting later this month.
- ICF launches Hansa Shuttle
- Hard-headed supply/demand will prevail over sentiment, say brokers
- IADA lines March GRI only half the story as soaring charter costs bite
- Carriers should seek out new shippers and new cargo to manage imbalances
- Structural inefficiencies drag down nominal capacity expansion
- US Lines and CSXWTHK deal still in the balance
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| APRIL 21, 2004 |
- Sacramento mulls chapter XI
Bulk port projected to run out of operating cash by October.
- Congress to consider Mississippi upgrade
Army Corps proposes spending on $2.3bn on lock renovation
- "Get tougher on pollution" call to US
New report calls for US to get even tougher on marine polluters and substandard flags and ships.
- NCL dedicates 3 to Hawaii
But leaves European market to Carnival.
- Stellar turn for Stelmar
US-listed tanker owner clocks up 37th consecutive profitable quarter.
- Tidewater logs fourth-quarter loss
Company takes impairment charge on older vessels, but posts profit for full year.
- Chinese ship sunk in collision
All crew rescued after after boxship smash in South China Seas.
- Union stirs BC order storm
Shipyard federation claims Canadian owner BC Ferries is only looking overseas for ferry newbuildings.
- RCCL on crest of wave
US owner cruises to bigger profit in first quarter as yields rise.
- D’Amico heads for Ireland
Italian owner appoints Peter Cahill to develop operations on the Emerald Isle.
- OMI breaks quarterly record
Booming tanker markets ensure best ever three-month result for US owner.
- Offen books Mipo boxships
Korean shipyard blasts past its annual order target just four months into the year.
- First listing for Nigerian owner?
Japaul to start small but has expansion plans as it breaks new ground with stock float.
- Russia to shed shipping stakes
North-West Shipping Co and Severnaya Verf lined up for privatisation this year.
- ESL orders in China
Ethiopian carrier’s longstanding plans bear fruit with double boxship contract.
- ExxonMobil goes after aframax
Oil giant seeks term deal on more tanker tonnage as strong market rolls on.
- Fredriksen bumps up rig action
Norwegian giant eyes Rosneft offshore kit.
- Shih Wei elevates earnings
Taiwanese bulker player more than doubles net profit for 2003.
- Ton up for DNV
Danaos containership newbuilding takes Norwegian class society past 100m gross ton mark.
- Precious confirms bulker buy
Acquisition takes expanding Thai bulker player’s fleet to 50 ships as it launches share buyback.
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| APRIL 21, 2004 |
- Horizon Lines' Raymond backs funding for short sea shipping
- Heesom-Green succeeds Boyd as CEO of Safmarine
- BIMCO reports growing vessel compliance with ISPS code
- Appellate court says COGSA limitation applies during cargo restowage
- U.S.-flag Great Lakes carriers score better on March cargo volumes
- MarAd approves U.S.-flag vessel transfer to Canadian registry
- Dedicated FAST lane opens at Champlain checkpoint
- FMC revokes 16 OTI licenses
- USDA official: NAFTA a boon to U.S. agriculture shippers
- Nissan to reclassify origin of parts to meet U.S. fuel standards
- BMW signs with TNT Logistics N.A. to ship finished parts in U.S.
- Fish and Wildlife steps up controls on imported beluga sturgeon
- GTS names Wainright VP operations
- New York DOT seeks input on policy for off-peak delivery times
- New EU labeling rules spooks American food shippers
- U.S. Commerce: Chinese televisions dumped on U.S. market
- Manugistics partners with IBM
- Los Angeles inbound box traffic up 14% in March
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| APRIL 21, 2004 |
- DNV fleet tops 100 mill grt
Classification society Det Norske Veritas (DNV) has exceeded the 100 million grt mark for the first time. It was the ...
- Aker Kvaerner share exchange ratio announced
Kvaerner shareholders Wednesday finally received information on how many shares they get when exchanging to shares in Aker Kvaerner and ...
- Fredriksen buys second-hand jack-up’s
While other Norwegian investors like Mosvold, Odfjell Drilling and Sinvest orders new jack-ups, principally in the Far East, John ...
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