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| FEBRUARY 23, 2004 |
Shipping News
- Star Cruises Q4 loss widens on write-offs
STAR Cruises, the world's No 4 cruise line operator, said 2003 fourth-quarter losses widened after it wrote off the values of some of its older ships.
- Portal lets logistics firms submit data to US Customs
SINGAPORE's logistics companies can now submit US Customs declarations cheaply without revealing sensitive commercial data to shipping groups, thanks to a joint initiative of the Singapore Logistics Association and local IT group CrimsonLogic.
- Semco Salvage completes ocean tug
SEMCO Salvage & Marine has completed the building of another 13,500 bhp tug as part of a series of new ocean-going salvage/towing tugs the company is building under its fleet renewal programme.
- Slide in VLCC rates due to seasonal dip in demand
GLOBAL freight prices on the main crude shipping routes to world markets continued to fall through last week though a fresh round of bookings for VLCCs saw rates for voyages from the Middle East Gulf to Asia and US Gulf edging off the lows on Friday.
Air and Land Transport
- Low-cost airlines will drive 'radical change': consultant
THE emergence of low-cost airlines in Asia will greatly accelerate moves to harmonise aviation policies across the region and drive 'radical change', the Asia Pacific Low Cost Airline symposium in Singapore was told earlier this month.
- Air passenger traffic in China seen rising 20%
- Budget airlines to appeal against EU law
- Virgin Express, Belgian airline back in merger talks
- Air India may make profit despite early losses of US$10m
- Air Canada aims to block access to Toronto terminal
Dockyard
- New ballast convention pins hope on new technology
LAST week's adoption by a diplomatic conference of the International Maritime Organization of the new International Convention for the Control and Management of Ships' Ballast Water and Sediments can be viewed in two ways.
Ship Sales
- SHIP SALES
WITH no let up in interest for purchasing, especially for modern tonnage, competition is growing stronger for the few ships that can be considered 'seriously' for sale.
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| FEBRUARY 23, 2004 |
- CCNI launches enhanced Asia-Central-South America services
- Maersk, K Line jointly lease Kobe terminals
- CP Ships announces leadership shuffle
- CMA CGM launches West Mediterranean-Tunisia service
- Schenker provides logistic services for Sail Melbourne
- Thai to set up cargo hub at new Bangkok airport
- UA to expand US-China service
- AF handles less cargo in Q3
- Avnet turns to FedEx for global shipments
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| FEBRUARY 23, 2004 |
- NOL Group exits tanker business with sale of NAS
- CMA-CGM launches South Korea-Russia service
- New cooperation to offer unique 3-string service from June - Europe-E. Coast S. America
- Lykes to offer new Sprint across the Pacific
- MOL may exceed profit forecast
- CMA-CGM to buy Chinese vessels
- Hapag-Lloyd establishes Investor Relations
- USCO Logistics to be renamed
- USF Logistics Services receives ISO certification
- 'K' Line to expand India services
- Hamburg Port Authority now ULA’s equity partner in bid for JNP box terminal project
- Transworld Group’s musical event enthralls audience
- Sinha to commission Haldia dry bulk cargo berth today
- Nepal vanaspati imports at zero duty for 3 more months allowed
- US panel approves imposition of dumping duty on Indian shrimps
- Govt to contest US panel ruling
- Curbs on high-grade iron ore exports
- JNP attains 2 m TEUs 39 days before close of fiscal year - JNPCT set to cross 1 m TEUs by March-end
- All 5 consortia submit revised technical bids - JNPT’s third box terminal project
- Minister lays stone for LPG cavern at Vizag - Another at New Mangalore Port proposed
- DCI set to divest 20 pc stake through IPO route
- Exporters may be taxed for selling DEPB licences
- Nabard to launch Rs 50,000 cr. farm infrastructure fund
- Cabinet meeting skips Sagar Mala project
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| FEBRUARY 20, 2004 |
- Spill halts ships exiting Mississippi
Bunker players in Houston said today that a fuel oil spill of around 3,000 metric tonnes (mt) in the Mississippi River last night was preventing ships from heading downstream but wasn't affecting barge movements.
- Q&A with DNVPS about Busan bunker alert
A 'Bunker Alert' issued this week by DNVPS for the South Korean port of Busan, and the subsequent reporting of it on Bunkerworld, caused quite a commotion. The bunker alert put a question mark on the fuel quality in a country with a near impeccable record. We put a few questions to DNVPS about this particular alert.
- Korean 'Bunker Alert' causes commotion
A 'Bunker Alert' issued this week by DNV Petroleum Services (DNVPS) for the South Korean port of Busan has stirred up a range of reactions. The most prominent market feedback was surprise and a degree of disbelief, because South Korea is known for its high quality straight run fuel oil and has never seen a bunker quality dispute or claim.
- African market snapshots
- Ice problem rears its head in a generally bullish Baltic
IFO prices have been gradually rising all week at the majority of ports across the Baltic region. In most cases demand has risen in sympathy as well.
- FAL purchases fourth large vessel
A FAL spokesman told Bunkerworld today that the comapany had bought the 93,000 deadweight tonne (dwt) LMZ Christiana (built 1981) for a reported $7.5 million.
- Indonesia: 'Big interest' in liberalised bunker market
One of the last remaining 'closed' markets to the bunkering industry is poised to grant private companies permission to import marine fuel, as international bunker players wait in the wings.
- Rotterdam firmer again, still no congestion
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| FEBRUARY 20, 2004 |
- EuroAirport - Aviation "swop shop" on February 21
- Horizon Services for Span Alaska
- EU seeks to extend aviation talks with non-EU states
- USCO Logistics to trade under Kuehne & Nagel brand
- BNSF leases Texas Line to TIBR
- Naples Airport inaugurates new airfreight terminal
- Giant carriers form new cooperation
- Deutsche Post World Net appoints new Chairman for "Mail International"
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| FEBRUARY 20, 2004 |
- Tug/barge missing, feared hijacked
Indonesian tug/barge missing in possible second hijacking after failed initial attempt
- Rolls-Royce MT30 passes development milestone
Gains DNV approval
- New presence in Korean coatings market
Samsung Fine Chemicals (SFC) and SigmaKalonhave put their Korean coatings operations together into a Joint Venture Company to be known as Sigma Samsung Coatings (SSC).
- South Carolina ports plan security charge
$1 a foot of ship's length from July 1, says newspaper
- Finnlines goes to Fincantieri for world's largest RoPax ships
4,200 lane meters and 500 passengers
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| FEBRUARY 23, 2004 |
- Stelios has easyCruise launch in sight after buying ex-Renaissance cruiseship
ENTREPRENEUR Stelios Haji-Ioannou has bought a cruiseship previously operated by bankrupt US company Renaissance Cruises as Renaissance Two.
- MSC will boycott Felixstowe security surcharge
MEDITERRANEAN Shipping Co will refuse to pay the security surcharge imposed by Hutchison Ports at Felixstowe.
- Sino-German first as Rickmers orders four boxships at Dalian
BERTRAM Rickmers has signed a groundbreaking order for four 4,250 teu newbuildings with Dalian New Shipbuilding, with an option for another four.
- Quartet shines in P&I renewals round
BRITANNIA, Gard, UK and Shipowners clubs will emerge as the main winners of the latest P&I renewals, sources in London said, writes James Brewer.
- Frontline’s Ship Finance International poised for first half market listing
A SEPARATE stock market listing for Frontline’s new subsidiary, Ship Finance International, looks set to be implemented by the end of the first half of this year, writes Tony Gray.
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| FEBRUARY 20, 2004 |
- IMO deny ISPS white list
A FORMAL ‘white list’ of ISPS code compliant ports will not be drawn up by the IMO or US Coast Guard (USCG), according to officials, however "problem" ports will be subject to higher levels of scrutiny
- Star and NCL profits plummet
A $95.5M "impairment charge" for Star Cruises has resulted in a $101.4M loss for the group in 2003, compared to a profit of $82.6M in 2002
- Universe called to court
Michael Margretis, director of operations at Universe Maritime, the operator of the Prestige has been summoned to give evidence at the Prestige court case in Spain
- WSC rejects e-seal tracking
LINER shipping's World Shipping Council has come out against the dual use of electronic security seals as cargo tracking devices as well as a deterrent measure
- Maersk backs away from Falklands
MAERSK Sealand has said its postponement a plan to call at the Falkland Islands for had nothing to do with the political situation in Argentina
- Subsidy battle overshadows port plan
BATTLE lines are being drawn over the use of subsidies to develop UK’s Great Yarmouth as a base for Ro-Ro passenger and freight services to the Netherlands
- Marad seeks tanker proposals
- Santos strike to last past carnival
- Stelios sells shares for cruise
- Fourth good year for Grindrod
- Case closed says Seattle charterer
- PNSC’s first half profit up
- Saudis unveil Dammam-Dubai ferry
- Stolt hopeful after grim 2003
- Leaking tanker enters Sydney
- Inchon sign MOU for six box berths
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| FEBRUARY 20, 2004 |
- Hearing scheduled in Evergreen case
In a victory for the ocean carrier, a federal judge will hear witnesses' testimony before deciding whether Evergreen America must bargain with the ILA on a contract for 115 office workers who rejected ILA representation in a disputed election.
- Charleston plans security surcharge
The South Carolina State Ports Authority, frustrated by increased security costs, wants to charge shipping lines an extra dollar per foot of vessel length every time a ship or barge uses the state's terminals. Corps to study Charleston proposal
- 5,000 workers strike CN
The railroad said it is adhering to normal train schedules using management staff, but warns that delays are possible.
- BAX presses FMC for NVO decision
- BIS publishes guide on Export Administration Regulations
- Homeland Security introduces new anti-terrorism program
- US: EU must scrap farm subsidies
- ABX Logistics signs software agreement with DCS Transport
- Wal-Mart plans distribution center in Houston
- Kuehne & Nagel strengthens commitment to GF-X
- SEKO Global Logistics Network appoints Stephen Russell president
- EU unveils new security measures
- Tropical Shipping raises bunker, security surcharges
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| FEBRUARY 20, 2004 |
- Five thousand CN staff join pay strike
Some 5,000 intermodal, shopcraft and clerical workers went on strike early today after last minute talks with Canadian National Railway (CN) ended without an agreement.
- NZ court fines failed South Pacific Shipping director US$7m
A New Zealand court has fined a director of South Pacific Shipping (SPS) - which collapsed in 1998, owing NZ$20 million (US$14.02million) - some NZ$10million (US$7.01million) for ‘reckless trading’.
- All five bidders back in JNPT bidding ring
- Final CSX payments concludes four-year dispute
- New World Alliance and Yang Ming boost Pacific capacity
- CORRECTION: GA service keeps ports covered
- New radiation equipment to be installed at Oakland
- Rickmers panamax deal opens Dalian’s export account
- Spring reefer rail service planned for Central Asia
- K Line and Maersk KK sign joint lease at Kobe Port’s Rokko Terminals
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| FEBRUARY 20, 2004 |
- Past not 'Bright' for Cosco in New Orleans
Bulker in Genmar crash is sister of infamous Bright Field.
- Genmar tanker holed on Mississippi
Double-hull aframax spills bunkers after crash with Cosco bulk carrier at terminal.
- OSG closes out $150m bond issue
Flotation gets high marks in finance circles.
- Shipowner was "reckless"
Klaus Lower ordered to pay $4.8m to victims of collapsed company.
- Newbuilding sinking threatens Star’s loans
Cruise company seeking waiver from lenders to stave off default snowball.
- Tanker and crew missing in Caspian
Air and sea search in progress for 10 seafarers missing after ship sinks in storm.
- Fjord Line falls behind
Norwegian ferry operator pleased with passenger numbers, but profits slump in 2003.
- Stelios' boat comes in
Life afloat at $55 a night as no frills easyCruise is launched.
- Caspian Shipping sell-off denied
Azeri government has no immediate plans to privatise national shipowner.
- Star losses escalate
Fleet renewal moves and legal expense cost Asian cruise giant dear.
- Korea Line turns coal to gold
Korean owner signs lucrative 18-year bulker deal with Korea Southern Power Co.
- Norway's TFDS saved by sales
Disposal of two ships boosts ferry owner's pre-tax income for 2003 beyond that of previous year.
- Ro-ro collides with fishing boat
Nine missing after accident in South China Sea off Basuo in Hainan.
- Singapore Shipping sees profit crash back
But company expects higher charter rates to buoy up its figures in next financial year.
- Dollar drives down Bourbon turnover
French group fails to see benefit of bulker boom because of weak US currency.
- Al-Salam International dips
Jordanian cargoship operator sees slight fall in net profits in 2003.
- Dubai targets Iraqi ports
Gulf state wants a slice of the multi-million dollar reconstruction work to restore facilities.
- Eurydice docks in Sydney
A Shell-chartered aframax at the centre of a potential pollution scare has begun unloading cargo.
- Profits triple at Precious
Thai bulker owner powers ahead on back of stronger freight rates and sizeable exchange gains.
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| FEBRUARY 20, 2004 |
- Stolt-Nielsen's losses widen
- MarAd seeks bids to build U.S.-flag product tank vessels
- FEFC westbound rate increase amount confirmed
- Homeland Security detains Chinese stowaways
- FedEx signs up big tech shipper
- Erickson solidifies role as Atlas chief
- CN says shippers may experience "some delays" from CAW strike
- Schneider taps Velocity for auto parts distribution
- Auto delivery companies team up
- MarAd finds no environmental impact for Anchorage intermodal work
- FMC extends NVO financial proof comment period to Feb. 27
- SEKO Global Logistics Network names Russell president
- U.S. issues watch list of transshipment violators
- Sao Tome & Principe receive U.S. grants for seaport and airport studies
- IWLA, OSHA form alliance to promote warehouse safety
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| FEBRUARY 20, 2004 |
- Shipping White Paper hits snag
The eagerly awaited White Paper on Norwegian shipping has already hit a snag with disagreement within the minority centre-right ...
- "Stena Nautica" to be moved after the weekend
"Stena Nautica" will probably stay at the present berth until the beginning of next week. "Everything seems to be under ...
- Latvian Shipping buys ice-strengthened tanker trio
JSC Latvian Shipping Company (LSC) has bought three 37,000-DWT ice-strenghtened tankers from Monaco based International Andromeda Shipping. The ...
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