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| MARCH 24, 2004 |
Shipping News
- Terror threat to LNG carriers overstated
THE terrorist threat to LNG carriers, often dubbed 'floating bombs', has been greatly overstated, said a senior industry executive, who cautioned it's the industry's reputation for safety and high quality that is under threat.
- Tanker trade to benefit from growing LNG demand
IN 2003, global flows of LNG amounted to nearly 750 billion cubic metres, of which 20 per cent is carried aboard ships and the remainder by pipeline, according to the French research body, Institut Francais du Petrole .
- MOL to invest US$11b in 243 new ships
MITSUI OSK Lines Ltd, Japan's No 2 shipping firm, will spend 1.16 trillion yen over six years on 243 new vessels to meet booming demand for the transport of goods from China and other parts of Asia, the company said on Monday.
- Goa to float global tender for US$39m cruise terminal
INDIA's tiny western state of Goa is to hold a global tender for the construction of a cruise liner terminal, and plans to expand its iron ore handling to keep pace with soaring steel demand, its chairman said on Monday.
Air and Land Transport
- Strong growth for world airports
WORLD airports are poised for a strong economic performance in 2004 after seeing a 2 per cent increase in passengers and 3 per cent rise in cargo last year, the head of the industry's global body, Airports Council International said on Monday.
- US domestic air travel remains in the doldrums
- Judge wants end to standoff at Air Canada
- Air Sahara, Cathay in code-sharing talks
- Air France, KLM delay merger till month-end
- Vietnam's former US base to open to flights
Strait Talk
- Rethink security job issue after ISPS compliance
JUST as the international shipping industry was engaged in an almost-last-minute dash to meet the requirements of the International Ship and Port Facilities Security Code, it looked a couple of weeks ago as though somebody was about to throw a very large spanner in the works.
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| MARCH 24, 2004 |
- Lack of handling agents holding up China, Russian trade
- Dongnama, TSK Line to offer joint HK-Haiphong service
- IAS upgrades Triton's global depot network
- Tianjin eyes overseas investment
- IMO recommends master of vessels take on security role
- Yangtze River Delta has too many airports: Xinhua
- Swiss posts CHF498M loss for 2003
- China Southern takes delivery of Boeing 777
- TSA names Washington, Philadelphia airport security directors
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| MARCH 24, 2004 |
- ECGC upgrades Pakistan for better risk cover
- Exim Bank to buy 20 pc stake in Zambian bank
- Govt rules out additional sops for raw sugar import
- US not serious in cutting farm subsidies, says Arun Shourie
- Private port operators urge MoS to alter dredging contract policy
- Mormugao Port’s ore handling facilities to be expanded
- Tata Steel, L&T to set up port at Dhamra in Orissa
- Vizag Port sets national record in cargo handling
- Mormugao Port plans to set up world-class cruise terminal, says MPT chief
- Forbes Logistics handles another mega project at Chennai
- Freight traffic earns Railways Rs 24,955.83 cr. in April-Feb.
- 100 pc EOUs cannot avail of DFEC benefits, says DGFT
- India can rival Singapore in oil sector soon: Shell official
- Rs 5,000 cr. needed for airport upgradation: AAI chief
- Subsidy for exports of rubber to continue
- Govt returns Rs 48,000-cr. highway upgradation project to National Highways Authority
- Coast Guard to conduct two-day oil spill exercise from today
- IPC team to visit Vietnam soon
- I-T returns can be filed without PAN
- New EPCES chief
- Ficci seeks clarification on word ‘manufacture’ in Income-Tax Act
- SICCI lays stress on its maritime arbitration services
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| MARCH 23, 2004 |
- US: Californian prices firm as April 1 approaches
Suppliers on the US West Coast were a little hesitant about where they placed the market today. A number of factors seem to be playing on the minds of bunker suppliers in the state. Among them pricing, spotty demand and availability are playing a large part, but these other factors all seem to be linked to the imminent reinstatement of the California bunker tax exemption.
- Replenishment costs & delays keep Panama high despite resupply
- US: No break in SPR crude oil shipments
- Speculation still rife about OPEC's next output move
Market analysts believe that oil prices would rapidly shed $2-3 per barrel if OPEC were to delay the April cut.
- New trader targets Black Sea market
Bunker take-up due to rise in Novorossiysk as suppliers acquire CPC Terminal SBM licenses.
- Buyers unconvinced by Suez gains
- Demand and avails levels push Hong Kong supply dates further out
- ENOC looks to enhance market share with two more barges
Fujairah-based supplier expands fleet as it announces average monthly sales of almost 300,000 MT.
- Rotterdam fuel oil firm, distillates softer
- Burning crude slick assessed for impact
- New Zealand authorities in hunt for discharging vessel
Concern that ship deliberately pumped oil into ocean in direct contravention of New Zealand and international law, say Maritime Safety Authority.
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| MARCH 23, 2004 |
- "Flag state audit tool to use against sub-standard shipping": IMO Sec-Gen
- Bimco official slams criminalisation
- MOL set to build 243 ships in six years
- Polembros tanker ablaze after collision
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| MARCH 23, 2004 |
- Why DOJ voids leniency
DOJ clarifies policy
- Ports slammed for air pollution
New report by NRDC and the Coalition for Clean Air
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| MARCH 24, 2004 |
- EU calls on Pakistan to release detained crew of Tasman Spirit
EUROPE’ s Council of Ministers has thrown its weight behind the detained crew of the Polembros-owned Tasman Spirit , calling on Pakistan to release all seven seafarers and the salvage master.
- Salvors warned of ‘blame iceberg’
BIMCO marine department manager Anders Arfelt warned of the "growing iceberg" of criminalisation at the International Salvage Union conference to welcome the ISU’s new associate members, writes Sandra Speares.
- Greenpeace tells European owners to scrap at home
EUROPEAN Union owners should be compelled only to scrap ships in the EU rather than the third world, according to a campaign launched in Britain by Greenpeace yesterday.
- UK minister drops hint on US quartet
BRITAIN’S minister responsible for shipbreaking has hinted that he supports giving Able UK the go-ahead to break four ships at present alongside its Hartlepool facility, writes David Osler.
- Sinotrans and MOL in China car venture
MITSUI OSK Lines has followed its Japanese counterparts in setting up a joint venture to move cars around China.
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| MARCH 23, 2004 |
- Irregular security passes at Miami
LESS than a month after a US Congressional delegation praised the Port of Miami for its security accomplishments, investigators have unearthed troubling evidence that 130 or more port employees may have been issued access credentials without proper background checks
- First cruise port goes to Goa
Mormugao port in India's most popular tourist destination of Goa, is to get the country's first cruise terminal, according to the port's chairman PK Mohanty
- Irish Ferries talks stutter
TALKS between Irish Ferries management and the two unions representing the company’s 777 officers and ratings falter as officers dig in their heels
- Property growth to close Leith
LEITH, the port for Scotland’s capital Edinburgh, faces long-term closure as its waterfront area is transformed through property development over the next 15 years
- Wärtsilä propellers made of money
Wärtsilä has bought 2,500 tonnes of obsolete pesetas from the central bank of Spain that it intends to melt and recycle for its ships’ propellers
- Delta-1 wreck towed to safety
THE tanker reported as Delta-1, which split in two after colliding with container vessel APL Pusan last Friday has been towed safely to the northern coast of the Gulf of Kutch
- Joint drug swoop in Caribbean
- Kinder weather lifts Russian ports
- China tackles coal supply crisis
- EU demands Tasman release in vain
- Hamburg backs merger
- Former boss makes offer for Simon
- Algeria to boost LNG exports
- MOL unveils ambitious 5-year plan
- Freight rates not linked to spills
- BHP approves huge mine expansion
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| MARCH 23, 2004 |
- ILA, employers agree on new contract
Negotiators settle on six-year deal for Atlantic, Gulf ports six months before old pact expires.
- DOT backs confidential NVO contracts
Bush Administration weighs in on debate, could complicate decision-making process for FMC.
- Ports criticize environmental report
- Legal skirmish shadows Seaway opening
- WTO rules against U.S. in Canada lumber dispute
- CP Ships acquires Canadian logistics company
- More delays for truck hazmat fingerprint checks
- Truckers, TSA team up to watch highways
- Dick Chiarello, New York maritime figure, dies
- BNSF to expand Memphis intermodal hub
- China, Kazakhstan plan rail link
- $10 million credit line for Kitty Hawk
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| MARCH 23, 2004 |
- Royal Nedlloyd shareholders approve PONL listing
Royal Nedlloyd shareholders have approved all the measures for the creation of the new container-shipping concern Royal P&O Nedlloyd (RPONL).
- Oetker offer raises spectre of consolidation
A news report revealing August Oetker - CEO of Oetker Group and parent of Hamburg Sud - was interested in reopening talks with Hapag-Lloyd, has provoked conflicting opinions about consolidation.
- US truckers ask government to stop bidding up oil price
- Greens call for US port pollution reforms
- Port president unites Paranagua management and staff in opposition
- CBP deploys radiation detectors at major US seaports
- US customs delays Klang containers
- ABP Connect ramps up capacity at Immingham's Exxtor Terminal
- Evergreen passes Europe-Levant service to subsidiaries
- Dutch inland shipping entrepreneur dies
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| MARCH 23, 2004 |
- 'A man who actually made it.'
Backslaps, boom times and another buy (any minute) envelop Georgiopoulos as CMA 'Commodore' savors his big week.
- Slow but sure?
Shipping will respond to fretting over ISPS Code deadline with usual grace under pressure, owners tell CMA.
- Green light for Nedlloyd
Shareholders back $600m buyout and rights issue to turn top liner operator into Royal P&O Nedlloyd.
- Widow takes HMM helm
Hyun Chung-eun wins shareholder vote to take directors seat vacated by suicide husband.
- MOL inks China PCC venture
Japanese owner links up with Sinotrans to tap Chinese car carrier business.
- EU protests over tanker crew
Council of ministers adds to diplomatic pressure on Pakistan to release Tasman Spirit eight.
- Smit orders two in Singapore
Dutch salvage owner also takes two options on anchor-handlers at Keppel yard.
- Nuclear ship blast fears
Russian navy chief sparks alarm with warning that battle cruiser could explode at any moment.
- Yard pickets take to streets
Workers from Ukrainian yard Chernomorsky want an end to wage arrears.
- Huge earnings jump at GNV
Grimaldi Group ferry operator enjoys strong 2003 as Italian passenger numbers rise with new route.
- Tanker spike helps Fortum
Finnish owner’s profit rises as freight rates increase sharply towards end of last year.
- Tallink’s Regal Star delayed
Estonian ferry owner rejigs fleet deployment as Italian purchase stays on in shipyard.
- Aboitiz seizes Nenaco ship
Philippine owner furious as Tsuneishi/Aboitiz repair yard holds St Peter the Apostle over unpaid bills.
- Tanker owner’s profits tumble
China Shipping Haisheng sees earnings fall 10% in 2003, despite revenue jump.
- Daewoo moves into Doha
Korean shipbuilder opts to make Qatar its Middle East base as it eyes LNG business.
- Coscol on the climb
Cosco’s heavy lift and ro-ro arm pushes up profits as it prepares to add 40 ships to fleet.
- CalMac goes Polish
Remontowa beats off seven other yards to land ro-pax newbuilding from Scottish ferry firm.
- Kiwis hunt slick suspect
New Zealand authorities have begun the search for a ship suspected of dumping oil off its coast.
- Thoresen takes Great Rainbow
Thai shipowner completes second purchase from Sinotrans as it plans for more acquisitions.
- MISC to seek fresh funds
Malaysian owner appoints two foreign merchant banks as it prepares for fund-raising exercise.
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| MARCH 23, 2004 |
- MOL unveils plan to invest $10.5 billion in ships
- FMC to discuss Chinese carriers' exemptions, Chinese restrictions
- Hapag-Lloyd parent shuns Hamburg Sud merger approach
- Hapag-Lloyd orders another two mega-ships
- U.S. State Department to eliminate all crew visas June 16
- Gulf Africa Line switches from Savannah to Jacksonville
- Hoegh Fleet Services pays $3.5 million fine for dumping waste oil
- Kim retires from NYK Line (Canada)
- FMSCA to work "front end" of container chassis safety
- FMSCA seeks shippers' help to provide parking for resting truckers
- DOT supports NVO confidential service contracts
- USDA proposes opening market to Chilean clementine imports
- U.S. harbor lobby cites "disturbing" spending on overseas port projects
- U.S. Customs installs radiation portal monitors at Jersey City terminal
- Georgia Ports Authority names Tillotson engineering director
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| MARCH 23, 2004 |
- Stolt-Nielsen face renewed legal threats
Chemical tanker operators Stolt-Nielsen SA faces a renewed threat of legal action after the US Department of Justice withdrew ...
- Japanese shipowner to invest EUR 8.8 billion in new ships
Japanese MOL’s plans to 2010 includes JPY 1,160 billion (EUR 8.8 billion) in investments in new ships. The fleet will ...
- Proceedings in the bribery case finished
Proceedings in the court of appeal regarding the Rederi AB Gotland bribery case finished on Monday. Two employees from Rederi ...
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