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| MARCH 23, 2004 |
Shipping News
- Singapore reiterates place of refuge terms
A ship in distress in the Singapore Strait will be denied a 'safe haven' or 'place of refuge' in Singapore port waters unless it meets a series of stringent requirements, Transport Minister Yeo Cheow Tong indicated yesterday.
- Accession to key protocol shows our commitment: Cheow Tong
THE early accession to a key international pollution protocol shows the seriousness with which Singapore views pollution and safety in local waters, Transport Minister Yeo Cheow Tong said yesterday.
- APM 2004 to focus on educating, networking
AT APM 2004, 242 leading maritime players from 28 countries will convene, featuring equipment suppliers, ports and terminals, shipyards as well as leading international maritime associations.
- Regional buyers converge at APM
APM 2004 brings together 70 hosted buyers from all over Asia.
Air and Land Transport
- To charge or not to charge for inflight food offerings
AIRLINES are trying to find the right formula for food.
- Qantas has no licence to run budget airline here
- Australia, UAE agree to expand air services
- Eight-year-old sues airline for overcharging
- Weak US$ spurs Europe lease market: CIT
- Hopes for US airline recovery fading: analysts
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| MARCH 23, 2004 |
- OOIL reports 536pc increase in 2003 net profits
- MOL to participate in Waigaoqiao bonded logistics park
- New York terminal welcomes two new cranes
- Chinese garment makers fear new US quotas
- Sinotrans to jointly operate three berths in Lianyungang
- Yantai port throughput soars
- Guiyang set to become logistics hub
- HK, Thailand sign new air services deal
- Precision to convert two Shanghai Airlines planes into freighters
- Cathay Pacific to offer non-stop service to New York
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| MARCH 23, 2004 |
- P&O Nedlloyd releases enhanced Offline Shipment Pack
- Hutchison Port Holdings’ profit up 15 pc on higher volumes
- MSC begins Suape-US service
- ECU-Trans takes over LCL service to Greece
- PSA China Pte Ltd Shanghai rep. office launched
- Guangxi to invest $ 1 bn in port development
- Tacoma awaits first batch of terrorist-proof containers
- Shenzhen throughput soars 45 pc
- PIL, Wan Hai Lines to launch new Asia-Europe service
- RubberMark urges govt to continue subsidy on rubber exports
- CII predicts exports to Asean to touch $ 30 bn by 2007
- Plant quarantine order may make exotic fruits a rarity
- SEAI demands cut in import duty on oilseeds
- New Chief of Port Operations sees bright growth prospects for Kakinada port
- Kandla Port Trust salvages sinking ship
- OSL opens biggest weighbridge
- Forex reserves up by $ 772 million to cross the $ 109-billion mark
- Govt earmarks Rs 450 crore for export promotion
- CII panacea to raise state govt’s revenue collection
- SurSEZ crosses target to touch Rs 570 cr. during April-January
- FAO fund for apple project
- Rajasthan to create Rs 1,000 cr. road infrastructure fund
- Delay in setting up box terminal may affect Cochin Port’s growth: Official
- ONGC, GIDC to set up SEZ at Dahej
- RBI team for Beijing
- 8th AMTOI lecture today
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| MARCH 22, 2004 |
- US personnel move
- Narrow arbitrage window halts west-east cargo exodus
Spreads of around $20 pmt not considered profitable enough to export fuel oil cargoes.
- Oil prices fall on hints OPEC April cuts may be delayed
There remains little consensus within OPEC right now about whether or not to go ahead with its proposed cut in April.
- Trader leaves O.W. Bunker Malta
- Early dates filling up fast in Gibraltar
Prompt delivery dates are being pushed back as demand levels increase in the peninsula
- Prolonged congestion hampering Singapore deliveries
Reports of return of Chinese cargo buyers ease fears of flooded market.
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| MARCH 23, 2004 |
- Bavaria demands speed restrictions for light trucks
- BDP forms joint venture in Qatar
- Bahrain and Qatar finalise plan for causeway link
- AirRep partnership deploys Tu204F in Baltic
- Baltic Container Lines increases capacity
- Conliner Chief Dirk Broek leaves for Eurotunnel
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| MARCH 22, 2004 |
- Stolt-Nielsen to challenge amnesty withdrawal
- S Korea gets WTO probe into EU subsidies
- Dredger master jailed for pier crash
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| MARCH 22, 2004 |
- DOJ voids Stolt Nielsen leniency deal
Company will "vigorously challenge" decision
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| MARCH 22, 2004 |
- DOT transportation experts will help rebuild Iraqi systems
- Washington governor signs economic development bills
- Federal Maritime Commission wins government ethics award
- Horizon Lines extends working agreement with Maersk
- MOL vessels will deliver bullet train cars to Taiwan
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| MARCH 23, 2004 |
- MOL unveils $11bn fleet expansion
MOL Group has announced details of a plan to spend ¥1,160bn ($10.86bn) on 243 ships, which it hopes will "develop the group into the world’s largest, highest-class, unique ocean transportation company".
- Oetker is told that Tui into one will not go
HAPAG-Lloyd parent Tui has turned down overtures by Hamburg Süd parent Oetker over a merger of the two German liner carriers.
- Polembros ship ablaze after Oman collision
ILL-fated Greek firm Polembros Shipping, the operator of the Tasman Spirit, faced a further casualty yesterday as its laden crude oil tanker, the Everton, was abandoned and left ablaze after a collision with a fishing vessel off the coast of Oman.
- Stolt-Nielsen officers face battle to stay out of jail as US revokes amnesty
STOLT-Nielsen and its top executives find themselves exposed to punitive criminal action in the US, including possible arrests, after the Department of Justice revoked the amnesty the company had enjoyed since last year for its co-operation in an antitrust investigation of the parcel trades.
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| MARCH 22, 2004 |
- Everton blaze latest
THE blaze that broke out on the Polembros owned and operated tanker Everton this morning has been brought under control
- Icelandic operator restructures
RESTRUCTURING of Eimskip, the Icelandic shipping and transport company, was approved today at the company’s general shareholders meeting Reykjavik
- Chinese coal demand to soar
- Carnival bookings 'robust'
- Crime boss seized on cruise ship
- Qatar Navigation profits up
- US ports named as key polluters
- Record year for Forth Ports
- Maersk denies Virginia port report
- Tanker ablaze off Oman
- Boxship fixture rates still rising
- Stolt still in the firing line
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| MARCH 22, 2004 |
- ILA, employers 'very close' to deal
Agreement on new contract could come by Tuesday for dockworkers in Atlantic and Gulf ports.
- Legal fights weigh on port projects
Ports can clean up their acts, says environmental watchdog, or wait for lawsuits to make them to do it.
- U.S. ports get radiation monitors
- AMC flags cargo-preference waiver
- Hapag Lloyd parent rejects Hamburg Süd bid
- MOL sets revenue, fleet expansion
- Gulf Africa Line adds Jax, drops Savannah
- Win for Kansas City Southern in Mexican rail dispute
- China developing Pearl River port
- U.S. revokes Stolt-Nielsen amnesty
- Southern Indian port gets boost
- RMI releases automated rail manifest system
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| MARCH 22, 2004 |
- Hamburg Süd eyes Hapag-Lloyd
The chief of Hamburg Süd’s parent, Oetker Group, has announced his interest in Hapag-Lloyd, a move that would create a German shipping giant, according to reports from Germany this weekend.
- Carriers accused of US$98m ‘heist’
- Australia in maritime security crackdown
- FIPB puts a rider on Pipavav Port sale to AP Moller
- Higher RTGs raise volumes at upwardly mobile Gdynia
- New Kombiverkehr blocktrain links Bremen and Mannheim
- Hutchison JV signs new Dammam contract
- MOL announces financial and fleet targets
- Asia/Europe trades get another CSCL post-panamax newbuild
- Hapag-Lloyd announces new super-postpanamax order
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| MARCH 22, 2004 |
- Oldendorff queries Baltic indices
Henning tells CMA improvements needed in the market guides used by our 'billion-dollar' industry.
- No more leniency
US Justice Department issues statement on anti-trust amnesty program, in wake of Stolt-Nielsen developments.
- Back to the future for oil majors?
Mavroleon sees retro trend as CMA session opens in Stamford; OMI's Bugbee ponders, 'What would Churchill do?'
- Investigators probe US collision
Thenamaris tanker and tug boat clash Friday at entrance to the Houston ship channel.
- Another casualty for Polembros
Greek officer missing from laden aframax after burning tanker is abandoned.
- Strong start for Carnival
Micky Arison delighted as he surfs the new "wave season" and anticipates higher ticket prices.
- Mercator unveils share issue
Indian tanker owner's founders and investment fund to buy $5m of new stock.
- Oetker eyes Hapag-Lloyd
Hamburg Sud owner envisions "dream team" of box lines, but Hapag parent rejects advances.
- Stolt-Nielsen shares plunge
Chemical carrier operator’s stock slumps 14% after loss of antitrust amnesty.
- Cosco commits to Baosteel giant
Boss Wei Jiafu says owner will build massive bulker to carry ore and coal into China.
- Mitsui OSK in expansion swoop
Top Japanese owner to grow fleet by a third over six years, but income by 40% in half this time.
- Volgograd ties up Turkish deal
Turkish owner Palmali group builds orderbook to 11 tankers and bulkers at Russian yard.
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| MARCH 22, 2004 |
- Crowley Liner Services raises its operating income
- Wan Hai, PIL enter Asia/Europe trade
- Crowley Maritime may acquire barge operator Yukon
- MOL to transport rail cars to Taiwan
- International Maritime Bureau helps Thai navy thwart pirates
- TSA picks security directors for D.C., Philadelphia airports
- DOT dispatches FAA team to Iraq
- Virginia ditches gas tax hike
- U.S., Qatar enter trade and investment framework agreement
- State Department asked to investigate Malaysia's illegal timber trade
- U.S. Customs disburses $190 million in Byrd Amendment claims
- Lower February imports at Los Angeles, Long Beach
- Maersk denies Virginia terminal has been approved
- PMA names McKenna CEO after Miniace resigns
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| MARCH 22, 2004 |
- Iversen new chairman of Norwegian Shipbuilders
Øyvind Iversen, owner and director of SIMEK, has been elected new chairman of Norwegian Shipbuilders, the sales and marketing organisation ...
- Bergesen drops LNG ship options at Hyundai
Bergesen d.y. has decided to drop two nearby options for LNG vessels at the Hyundai yard. There were vessels for ...
- One Wärtsilä employee detained
One employee in Wärtsilä has been detained in custody, while three have been released after being interrogated by the Swedish ...
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