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| JULY 22, 2004 |
Shipping News
- Brunei seeks global partner to build new box terminal
THE Brunei government has launched a global search for a partner to build and operate a new US$400 million container terminal, which will be in addition to an existing one in which PSA has a major stake.
- Masters voice fears of violence in Strait
SHIP captains have written to maritime authorities expressing fears for their lives on voyages through the Malacca Strait after a spate of violent kidnappings in June, a sea crimes watchdog said.
- Ship derivatives market doubles to US$8b in H1
THE shipping derivatives market more than doubled to US$8 billion in this year's first six months as banks, shipowners, oil producers and miners sought to profit from record freight rates, International Maritime Exchange estimated.
- China Offshore may build up to 7 LNG import plants
CHINA National Offshore Oil Corp, the country's third-biggest oil producer, may build as many as seven liquefied natural gas import terminals by 2010 to help meet the nation's demand for energy, chairman Fu Chengyu said.
- Regal arrival
THE 'Queen Mary 2', the world's largest cruise ship, arriving in Rotterdam early yesterday from Hamburg.
- Stelmar Shipping's profit in Q2 triples on new ships, high rates
STELMAR Shipping Ltd, a tanker company that last month rejected a takeover offer from bigger rival OMI Corp, said second-quarter profit more than tripled as it added new ships and freight rates climbed.
- Tightening security
A container truck pulls its load past a shipping container facility at Sydney's Botany Bay on Tuesday.
Air and Land Transport
- AirAsia drops plan to sell stake to Virgin Blue
AIRASIA, South-east Asia's biggest discount airline, said it has decided to end talks to sell a stake to Virgin Blue because it didn't want to give up control.
- Cautious revival of business encourages BA
- Changi, Fraport in bid for India airports
- EU close to approving Alitalia lifeline loan
- Delta pilots offer 23% cut in their wages
- Honeywell's Q2 profit rises 13% as sales increase
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| JULY 22, 2004 |
- Taicang Port throughput soars
- New channel in Guangxi
- Ryder System buys back shares
- US Customs certifies FWL Technologies
- Singapore, Malaysia, Indonesia commence Malacca Strait patrols
- Transport volume up in Henan Province
- Income rises for Covenant Transport
- GeoLogistics hires Bishop as EVP, CFO
- Greater southern China airport collaboration called for at forum
- Emirates orders 13 Boeing 777-300ERs
- DHL expands in Indonesia
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| JULY 22, 2004 |
- Morocco keen on permanent shipping line with Mumbai
- WTO ‘draft’ leaves everybody cold
- CII visiting Malaysia, Singapore with a mission
- Major Ports post 16 pc rise in container handling in Q1
- Mormugao to don a greener cover
- Small exporters may be given status holders category
- Commerce Minister hints at better deal for tea exporters
- Fieo team meets FM, presses for tax relief on DEPB credit
- Delhi, Mumbai airports’ facelift attracts 10 bidders
- RBI tells banks to waive turnover norm for exporters’ Gold Card
- Customs officials explain finer points of service tax at Vizag open house meet
- IMC, ICC to hold joint seminar on int’l banking practices today
- Sattva ICD operators, Customs hold informative trade meet
- Maritime training institutes to have ship in campus
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| JULY 21, 2004 |
- US oil inventories put fear of summer shortages to bed
A bullish crude draw pushed oil prices up today, but growth in US gasoline and distillate stocks helped ease supply fears.
- Latest US oil inventory figures at a glance
- Modest price falls continue in Fujairah
- Normality rules in Piraeus
- Container giant forced to bunker outside Israel
Vessels directed to bunker elsewhere as striking port workers concede some ground over privatisation dispute.
- Singapore suppliers accuse DNVPS of shipowner bias
Singapore's suppliers deny that they will boycott quoting vessels with DNVPS surveyors on board...but say they will charge more.
- Asian August arrivals dwindle as arbitrage dries up
Fuel oil arbitrage arrivals from the West to Asia have dropped to around 1.4 mt for August arrival.
- Chemoil begins Sri Lankan operations
Chemoil have said they plan to use their global experience with local knowledge in a joint venture with local shipping company.
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| JULY 21, 2004 |
- Delphi Grundig to launch digital tachograph
- Kazakhstan’s new rail law welcomes newcomers
- Tesco acquires 50% of Chinese hypermarket operator Hymall
- Turkey plans third bridge over the Bosporus
- Delta pushed further into the red
- Safmarine announces changes to prime express service
- Rieck’s managing director Horst Stiegler turns 60
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| JULY 21, 2004 |
- IMB denies exaggerating piracy figures
- MSMI’s record growth
- PSA’s big crane order
- Hamworthy placing oversubscribed
- OMI Corp to open London office
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| JULY 21, 2004 |
- Conferees approve $11.1 billion for Navy shipbuilding
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| JULY 21, 2004 |
- Matson Navigation christens second new container ship
- Vancouver B.C. Port Authority taps Aeroguard for cruise security
- U.S. Commercial Service honors Portland firm for exports
- Three firms still in running for Washington State Ferries ships
- Spokane Airport resurfacing work forces shift to alternate runway
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| JULY 22, 2004 |
- Spain steps in to save Izar from bankruptcy
THE Spanish government may be turning to radical surgery to save as much of Izar as it can following acquiescence to European Commission demands that the shipbuilder repay €308m ($367m) of state aid.
- Eurotunnel reshuffle
Debt-laden Eurotunnel has confirmed the imminent departure of two directors, in charge of its passenger and freight shuttle services, writes Roger Hailey .
- Bathside breakthrough as ABP changes guard
PLANS to build an urgently needed deepwater container terminal at Harwich took a big step forward yesterday with news of an agreement on road access.
- TEN to honour Greek 11 in lead-up to Athens 2004
TSAKOS Energy Navigation has announced its intention to christen its next suezmax tanker from Hyundai in honour of Greece’s European Championship-winning football team.
- MCA launches windfarm trial
The Maritime and Coastguard Agency launched a major trial yesterday to assess the effect that windfarms could have on electronic navigation equipment, writes Sandra Speares.
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| JULY 21, 2004 |
- QM2 security is child's play
AN incident last Thursday in which three people climbed onto the bulbous bow of the new Cunard liner Queen Mary 2 in Norway is "blatant evidence of the lack of ISPS measures," says a senior Norwegian shipping official
- UK to publish ports policy in 2005
UK transport secretary Alastair Darling says he will publish a review of the policy for ports by the end of next year
- Filipino marine leadership change
TWO Philippines maritime organisations have seen leaders change following appointments this week by president Gloria Macapagal-Arroyo
- OMI record profits with young fleet
OMI chairman Craig Stevenson said today that vessel purchases and newbuildings continue to reduce the age of its fleet even as record profits roll in
- Cochin chokes on cashews
CONTAINER handling at Cochin's Rajiv Gandhi Container Terminal has slowed down due to piling up of cashew nut consignments and a lack of adequate backup equipment
- No more crew list visas
CITING security as its primary issue, the US State Department has formalised a rule prohibiting 'crew list visas' and mandating new BioVisas for individual seafarers
- Irish support short-sea corridors
- Unions oppose Izar closure
- Australian ports must tackle govt
- India to rescue Hindustan yard
- Jinhui shares in Oslo free fall
- Half ahead at Israeli ports
- Oakland box theft-ring broken up
- Kandla - dredging tender
- Kolkata encourages shipbreaking
- Bolivian gas privatised
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| JULY 21, 2004 |
- Ships idled at LA-Long Beach
Ocean carriers continue to wrestle with delays amid a shortage of longshore labor at the Port of Los Angeles-Long Beach.
- DHL buys naming rights to stadium
Express services provider's logo will adorn South Florida home (left) of pro football's Miami Dolphins and reigning World Series champs, Florida Marlins.
- Trucking leads CNF earnings
- Companies pay FMC fines
- Japan doubles growth forecast
- Union eases Israel port protest
- Northwest cargo revenues climb
- China bolsters southwest container capacity
- Corps reconsidering S. Carolina box site
- India box traffic up 16 percent
- Plan for Brunei transshipment port
- Tibbett & Britten in $500M Oman contract
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| JULY 21, 2004 |
- Large RPONL share-deals raise consolidation speculation
Large block-deals in Royal P&O Nedlloyd (RPONL) - including one private transaction equalling about a 2.5% stake - have buttressed rumours that someone is consolidating a stake.
- Singapore’s SembCorp Marine to buy 30% of Cosco Shipyard stake
- Owners have little to play with, despite apparent strength of position
- UK transport industry demands definition on transport policy
- ‘Lula’ veto a blow for Brazil container operators
- Industry meeting hopes to de-CIFFA way forward in Canadian dispute
- OOCL increases capacity on Scan Baltic route
- Korea fixes lease fees at port free-trade zone
- Container-distribution centre to be built in Kunming
- Logistics baby leaves NYK nest
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| JULY 21, 2004 |
- No rush on review, no promises on bylaws, no love for Stelios
Stelmar chairman Nick Hartley says company not served by further debate with 'one shareholder.'
- NYK dumps Stolt stock
Japanese giant bails out of embattled shipping group after 17 years.
- One more...
Pearl Crossing submits latest proposal for new LNG terminal, this time off the coast of Louisiana.
- Genmar cracks $30 barrier
New York company hits historic high on big earnings week for tanker owners.
- Jinhui slumps further
Another bad share day for bulker owner that predicted dire financial result ahead.
- Norilsk fine tunes fleet plans
Russian mining group close to tendering for four bulkers to cut its transport costs.
- Strong start for Varun
Indian tanker owner more than doubles net profit in first quarter ending 30 June.
- MMM lines up tanker
Malaysian owner will pick either Japanese or Korean second-hand vessel to expand fleet.
- Depreciation drains Fred Olsen
Costly second quarter for Norwegian owner, but six-month figure still in black.
- Red Hot Chile
Stelmar's jv with South America's Cape Tankers singled out as main source of higher profits.
- Lenac on the block
Bankrupt Croatian yard’s creditors agree to international sale tender.
- Song Cam on target
Vietnamese group Vinashin’s shipbuilding and repair yard set to meet turnover expectations early.
- Another step up for NSCSA
Profits increase again for Saudi tanker owner in first half of 2004.
- Glasier to join Carnival
Former Royal Caribbean Cruises chief financial officer made non-executive director at industry rival.
- Singapore holds safety seminar
Yard executives attend workshop on occupational safety and health for the marine industry.
- Sembcorp expands in China
Singapore ship repairer and offshore conversion firm is taking a 30% stake in Cosco Shipyard Group.
- OMI celebrates record year early
Dampened slightly by Stelmar gamble, OMI still made more in first six months than any year in its history.
- Tankerska in double detention
Croatian pair among eleven ships held by US authorities over port state control infringements.
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| JULY 21, 2004 |
- U.S./Panama carriers raise rates
- FMC collects $549,000 in civil penalties
- Strong oil demand boosts OMI's 2nd-quarter profits
- Wan Hai orders 6,000-TEU ships
- SDDC completes record sealift to Iraq, Afghanistan
- China Shipping chooses Hamburg "Hafen-City" for European head office
- Mitsui O.S.K. appoints Inchcape to handle bulk ships in Australia
- Deutsche Post cuts back night flights in Germany
- Ryder’s directors approve repurchase of 3.5 million company shares
- FMC reviews four OTI license applications
- U.S. cites Japan's failure to comply with WTO apple decision
- Oman awards Tibbett & Britten $500 million 4PL contract
- Canada’s prime minister names Lapierre as transport minister
- DHL Logistics and Data Exchange Corp. offer integrated software
- iCAD picks SEKO Worldwide as logistics partner
- CLM, University of Maryland offer online course on supply chain
- Certification program on terrorism prevention in transport industries
- National Cargo Security Council meeting on radiation technologies
- Logistics, export forum scheduled by Transnacional Forum
- ST&R adds to roster
- Coast Guard, MarAd review Pearl Crossing's LNG port application
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