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| JUNE 22, 2004 |
Shipping News
- ISPS bill for industry - US$1.5b a year
THE global shipping community will foot a bill of more than US$1.5 billion annually - on top of a US$2.6 billion initial cost - as a result of implementing the new global ISPS Code, according to a recent Australian government report.
- US mends fences with Malaysia over Straits
MALAYSIA and the United States mended fences yesterday after an angry dispute over protecting international shipping against terrorist attacks in the vital Malacca Straits.
- Typhoon forces Japan refineries to halt berth operations
POWERFUL typhoon Dianmu, which killed three people as it lashed western Japan yesterday, has forced at least nine oil refineries to halt crude oil unloading and product shipment by sea.
- Greenpeace activists block ship from docking in UK
GREENPEACE, the environmental activist group, has boarded a vessel it claims is transporting US genetically modified crops and is preventing it from docking in the UK, the coastguard says.
- Gulf tanker rates forecast to rise 20%
OIL tanker rates for shipping crude from the Middle East may rise next quarter as Opec boosts output to temper near-record prices, increasing demand for vessels owned by companies such as Teekay Shipping and Frontline.
- KDB no more seeking single buyer for Daewoo
KOREA Development Bank scrapped plans to find a single buyer for its controlling US$736 million stake in Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest ship manufacturer.
- Stolt- Nielsen unit revamp to focus on Rotterdam
STOLT-Nielsen's wholly owned parcel tanker business, Stolt-Nielsen Transportation Group Ltd , is being restructured with more functions being centralised at Rotterdam.
Air and Land Transport
- Virgin to start London-Sydney service in Dec
RICHARD Branson's Virgin Atlantic Airways is to begin flying from London to Sydney via Hong Kong on Dec 7, intensifying competition with British Airways and its Australian partner Qantas.
- SIA, ANA strike S'pore-Japan code share deal
- Flights cancelled as typhoon hits Japan
- Passenger plane lands at wrong airport - air force base
- UAL to cut request for federal aid: report
- Dragonair's May passenger traffic down 14%
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| JUNE 22, 2004 |
- Lykes Lines to expand Pacific services
- Salalah Port Services to invest $ 249 m in expansion
- TMM Lines upgrades website
- MOL in LNG ship JV with Sonatrach
- Korea ports to be accessible to all
- New MD for NYK Line Hong Kong
- Khorfakkan box terminal expansion planned
- India to counter US industry move to extend textile quota regime
- Trade with Pakistan poised to boom
- TPT gets DGS certificate for ISPS code compliance
- Kandla Port handles first rake of 154 granite blocks
- Kakinada port now humming with activity
- Most of CoPT’s development projects to be at Puthuvypeen-Janardhana Rao
- NSICT export gates still shut
- Fuel price hike unlikely to affect road freight rates, feels TCI
- Forex reserves dipped by $ 142 million to $ 1,19,678 million
- MoF to give tax breaks a hard, fresh look
- Now, special economic zones for NRIs!
- Forex reserves dip
- Efficient supply chain estimated to double apparel exports
- 5-yr power duty holiday for Vidarbha units
- S. K. Munjal, Y. C. Deveshwar at CII helm
- Concession agreement on container terminal development needs modification-M. Raman, Chairman, ChPT
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| JUNE 21, 2004 |
- Bunker facilities planned for new Kenyan fishing ports
First dedicated fishing ports earmarked by Kenyan government.
- Crude past peak as market grows tired of wariness
Crude market temporarily past peak due to growing US stocks and exit of long speculative positions, limiting effect of terrorist activity as long as actual supply stays on course.
- Cape Town still dry as Durban avails tighten
Caltex reportedly attempting to meet suppliers' requirements as players resign themselves to another week of dried-up avails.
- Iraqi exports partially resumed, Norway strike may escalate
Oil prices eased this morning as Iraq resumed partial oil exports, only to rise again later on threats that a four-day old oil worker strike in Norway may be extended.
- ENOC Bunkering lays foundations for global expansion
State-owned bunker supplier lays foundations for growth into other 'geographic regions' with acquisition of additional 150,000m³ land-based storage in Fujairah.
- Rotterdam largely steady at noon
- Shanghai: Fuel oil futures trading to begin July-August
Re-introduction of Chinese fuel oil exchange only weeks away.
- Chief Engineer facing jail for illegal discharge
Tanker Pacific Management-operated aframax becomes latest vessel to be found illegally discharging oily bilge waste off coast of US.
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| JUNE 22, 2004 |
- Data2Logistics introduces Data2Rates
- US: HMR rules deferred
- Gefco opens new branch in Argentina
- Otal launches new inland services in Africa
- Swiss: fuel and maintenance cost problems
- Eurosal calling at Tilbury
- Dragonair Cargo opening Frankfurt airport office
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| JUNE 21, 2004 |
- EC set to scrap liner conferences but keep consortia
- Domiat salvage completed
- US wheat exports to Libya start
- Congestion builds up at Panama Canal
- Stolt-Nielsen concentrates on Rotterdam
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| JUNE 21, 2004 |
- IMO plea on shipping lane security
Secretary General says UN body "prepared and eager" to work with others
- CNG projects move ahead
EnerSea working on proposals for Philippines and New Zealand
- USCG issues Ballast Water Management guidance
New NVIC gives guidance on compliance and enforcement
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| JUNE 21, 2004 |
- Port of Bellingham works deal for Georgia-Pacific property
- Port of Portland reschedules PDX noise commitee meeting
- West Coast bouy tenders hold annual meeting in Everett
- Greenbrier nets record order for railcars from TTX Company
- Crowley adds new tug for service in Alaska
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| JUNE 22, 2004 |
- Coscon next in line for Hong Kong flotation
COSCO Container Lines appears on the verge of joining the Hong Kong shipping flotation craze. Undeterred by compatriot China Shipping Container Lines’ poorly received IPO last week, China’s top box line has chosen UBS and HSBC to lead the sale, which is likely to take place before the end of the year.
- Transpacific lines can’t see wood for the fees as furniture tariffs bite
TRANSPACIFIC containerlines are adjusting to the latest electoral ploy by the Bush administration, writes Sam Chambers in Hong Kong.
- Collins Stewart poised to buy PD Ports
COLLINS Stewart is reportedly set to buy PD Ports from current owners Nikko Principal Investments, at a price of about £450m ($827.4m), writes David Osler.
- Aegis links oil price and terrorism
MARITIME terrorists may deliberately be seeking to engineer high oil prices in a bid to produce economic disruption in the West, a security specialist has warned, writes David Osler.
- Zim Israel links with Rickmers for panamax boxship octet
RECENTLY privatised Zim Israel Navigation Co is teaming up with Bertram Rickmers in a long-term charter contract for a series of panamax containerships.
- South Korea and Canada in Stolt-Nielsen price probe
SOUTH Korean and Canadian competition authorities have separately launched price-fixing probes into the cartel activities of Stolt-Nielsen Transportation Group and the parcel tanker shipping industry.
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| JUNE 21, 2004 |
- Russians seek Bosporus alternative
A survey of Russian ship owners has revealed that losses suffered as a result of tankers laden with Russian oil having to wait to get through the Bosporus are running at up to $400M a year
- Brazil: slow pace to ISPS
THE port of Pecem, in the northern Brazilian state of Ceara, has this week received certification to the ISPS Code, but many Brazilian terminals still have a long way to go
- Jamaica port security update
JAMAICA port authority has advised on its latest port security upgrades, which include underwater surveillance cameras at cruise ports Montego Bay and Ocho Rios
- US LNG facility approved
THE proposed Liquefied Natural Gas facility at Freeport, Texas was approved by the Federal Energy Regulatory Commission on Friday
- Collins front runner for Teesport
COLLINS Stewart is the front runner to buy the PD Teesport group, according to speculation circulating in the London financial markets
- Nenaco's receiver replaced
THE rehabilitation receiver of the debt-saddled Philippine operator Nenaco has been replaced for his failure to disclose past links with the Philippine operator’s parent firm
- Egg on face in marshmallow mix-up
- Jamaica signs second cruise deal
- COSCO’s Yingkou terminal shuffle
- Tasman's spirit haunts P&I Club
- German-Denmark bridge discussion
- Dunkirk lands big fish
- Seyang acquires box builder Jindo
- CSD proposes bond issue
- Pressure on box ship charter rates
- Bangladesh safety move opposed
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| JUNE 21, 2004 |
- Ridge: U.S. in full ISPS compliance
Homeland Security chief says American vessels, ports meet international security rules that go into effect July 1.
- Bill calls for cargo security standards
Senate amendment requires Dept. of Homeland Security to create uniform cargo security standards.
- Customs sets advance rail freight reporting
- Trade conference warns on wealth gap
- EU panel: Abolish liner conferences
- Coalition opposes CG ship approvals
- UPS, pilots want mediator
- Hertwig to lead CSX Intermodal
- Indonesia vows 'shoot on sight' maritime security
- May charges NOL volume
- U.S plans new tariffs on some Chinese furniture
- Shanghai, Tianjin trade booms
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| JUNE 21, 2004 |
- EU discussion paper hints at 4056/86 repeal as preliminary Review conclusion
A discussion-paper on EU regulation 4056/86 seems to be indicating an end to liner conferences’ immunity to anti-trust legislation, according to the European Shippers’ Council (ESC).
- Coscon close to debut on Hong Kong exchange
Shares in state-owned Cosco Container Lines (Coscon) will be offered on the Hong Kong main board before the end of the year, aiming to raise at least US$1billion.
- Fremantle courts MSC for third terminal
- Barge industry threatens to surcharge Antwerp for excessive delays
- Volumes up for Adriatic's Koper
- APMT set to participate in Cameroon privatisation
- CN and Prince Rupert target west-coast advantage
- Cosco Pacific Chinese terminals outperform May 2003
- Hanjin Shipping’s container freight index in May increases further
- Seyang takes over Chinese container manufacturer
- TS Lines becomes Gwangyang's fifth maiden caller this year
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| JUNE 21, 2004 |
- Stelmar still stout
Greek owner closes at record high with no signs of post-OMI collapse yet evident.
- Summer sizzles for tanker stocks
Firms storm to 52-week highs at summer solstice as 'seasonally weak' quarter doesn't look so weak.
- Stolt probes widen
Koreans, Canadians now investigating anti-trust allegations against chemical carrier.
- Iraq resumes tanker loadings
Pipeline repairs allow partial return to normal after last week's sabotage attempts.
- American Club in $25m cash call
Shipowners again told to dig in their pockets as New York based P&I mutual is hit by higher claims.
- Barwil in Denholm link
Wilh Wilhelmsen takes a 40% stake in Scottish shipowner’s port agency business.
- Greenpeace hangs on to bulker
Good Faith capesize prevented from discharging in GM protest off UK port.
- Russian oil tankers pose threat?
Norwegian environmental group names ships carrying cargoes in northern waters.
- Western Bulk escapes costs
Californian port cannot recover legal costs from Norwegian charterer of grounded vessel.
- Oltenita goes for bonds
Romanian yard seeks to pay workers with short-term debt issue.
- UK seafarer numbers rise
More Brits opt for life on the ocean waves in surprise reversal of recent crew trend.
- Vianayard snares state order
Portguese shipbuilder wins much-needed deal for two pollution control vessels.
- Sparrows Point takes wing again
Baltimore yard relaunched as industrial park, but shiprepair tenants still needed.
- China Shipping eyes bond issue
Chinese shipowner looks to convertible bond issue to raise $240m to go towards fleet expansion.
- Volgaflot to decide on tie-up
Investors vote this week on whether to take managerial control of sister firm North-Western Shipping.
- New tack for Daewoo sell-off
Largest shareholder Korea Development Bank eyes up other options for disposing of yard stake.
- Greece looks to ship services
Maritime chiefs cast envious eyes towards London as they bid to capitalise on shipowning strength.
- Jumbo face injury lawsuit
A man injured when the ship he was working aboard overturned in Albany is suing the owners.
- Freeport LNG gets green light
US’ Federal Energy Regulatory Commission gives Cheniere’s baby final approval.
- Moran seals navy contract
Connecticut firm to provide towage services to the US military in deal potentially worth $41m.
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| JUNE 21, 2004 |
- Groups oppose U.S. Coast Guard approval of non-U.S. ship security plans
- U.S. House passes bill with maritime ‘tonnage tax’
- EC informal analysis recommends end of conference antitrust immunity
- Keller appointed chairman of U.S. carrier equipment association
- U.S., China air agreement further opens bilateral market
- Truck manifest nears completion
- Study calls for intermodal chassis inspection legislation in U.S.
- Deringer chief confident with firm's position on U.S./Canadian border
- U.S. Customs seeks more money for security programs
- Legislators concerned about uncollected customs duties
- ITDS makes technical progress, still seeks buy-in from agencies
- Customs helps importers navigate new global rules on textile quotas
- DHS eagerly awaits COAC container security recommendations
- COAC members prepare to rotate
- Le Havre acquires three more container cranes
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| JUNE 21, 2004 |
- EU eyes liner conferences yet again
The EU competition directorate has once again put the liner shipping competition exemption into question. In a discussion paper, the ...
- UK Tonnage Tax undermined by the EU scheme
Draft EU Guidelines on state aid to maritime industries create problems for the UK Tonnage Tax scheme, according to shipping ...
- Maritime toll road in Western Norway
The maritime service industry, in bunkering and other supplies, is suffering as a result of the new "safety fee" imposed ...
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