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| AUGUST 24, 2004 |
Shipping News
- Destroy pirates' resources, organisations on land
THE recent trilateral agreement on coordinated naval patrols will have some impact on the persistent problem of piracy in the Malacca and Singapore straits, but it will not solve the problem, say maritime security and law experts.
- Vietnam backs shipping firm to list in S'pore
VIETNAM's finance ministry will support national shipping company Gemadept as the first domestic firm to list on a foreign stock market in Singapore, a ministry official said yesterday.
- Shipbuilder Austal swings back to profit
AUSTRALIAN shipbuilder Austal Ltd returned to profit yesterday, after shifting its business away from luxury yachts and concentrating on patrol boats and commercial ferries.
- Precious expects profit to double
PRECIOUS Shipping, Thailand's second-biggest sea-freight company by market value, said its net income may double this year in line with analysts' expectations because of higher rates for transporting cargo.
- Tanker Rates
PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to Asia were unchanged at a three-month low as the pace of bookings slowed for September.
Air and Land Transport
- EU chief to head off Euro-US trade row
THE European Union's trade commissioner has vowed to head off a trade war between Europe and the US over government subsidies to Airbus and Boeing.
- Australia to boost airport security in A$48m upgrade
- Qantas-BA alliance gets nod for 5 more years
- China Southern to join SkyTeam
- Virgin Blue raises fares to offset fuel costs
- Log Book
Features
- India strike may lead to shortages, inflation
INDIA'S three million truckers stayed off the roads for a third day to protest against a new tax, as industry said the strike may delay goods movement, lead to faster inflation, cause shortages and hurt Asia's fourth-biggest economy.
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| AUGUST 24, 2004 |
- Maersk adjusts eastbound service offerings
- Foreign trade law amendments to make doing business in China easier
- Xinjiang highway usuage increases
- TPG acquires Wilson Logistics
- P3 FTA negotiations progress
- HWL port unit profit rises in H1
- FMC realignment seeks to improve service
- Singapore Airlines Cargo to use RAPID system
- New Macau airfreight service offered
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| AUGUST 24, 2004 |
- Iranian national line optimistic of touching 1m TEUs by Dec. 2004
- APL launches fast, reliable Vietnam feeder connection
- APL Logistics named "Ocean Consolidator of the Year"
- P&O Ports receives BS certification
- NY/NJ Port Authority to expand ExpressRail Elizabeth
- Zim’s Q2 profit soars
- Hanjin Shipping’s Q2 earnings up
- Ningbo authorities move
- Maersk Sealand to exit TSA
- Shipping Ministry takes up case for Customs code numbers at Kolkata Port, HDC on urgent basis
- Govt bans import of poultry products
- Rubber imports rise by 65 pc in Q1
- Probe into dumping of NBR by EU
- Goa Chamber seeks augmentation of box handling facilities at Mormugao Port
- Early end to transporters’ strike unlikely
- Rail link to Hazira port part of NRVY
- Forex kitty up by $ 1,017 million to $ 1,19,336 million
- ONGC to form SPV with GIDC to develop special economic zone at Dahej
- Customs duties on import of steel cut
- Govt reveals complete trade figures for 2003-04, but on provisional basis
- Validity time of export quotas extended to August 31
- MASA to organise 3rd Asia Maritime and Logistics Conference 2004 in Kuala Lumpur on Oct. 4-5
- Blow me down! Ladies aboard, mate!
- CII training programme on exim policy from today
- Oil expo to be held on Sept. 25, 26
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| AUGUST 23, 2004 |
- WFS CEO: Shipping well-protected against bullish crude
Shipping industry's progressive approach to hedging bunker fuel has protected it from perils experienced by some US airlines, says World Fuel Services President and CEO.
- Vopak: EC have closed barging investigation
Anti-corruption police investigation finds no evidence of anti-competative actions, small increase in Vopak net income in half-year results.
- Singapore: New MD at Fratelli Cosulich
- Bunker sales lagging container growth in Shenzhen
Pricing blamed for lack of bunker sales growth in Chinese port city.
- Master awarded compensation after bunker spill investigation
- Bunker spill off-shore Fujairah
An oil spill occurred off-shore Fujairah this weekend, believed to be 50mt of bunker fuel.
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| AUGUST 24, 2004 |
- ATA council conference to focus on safe trucking
- New members for GF-X
- EU-Commission Vopak investigation discontinued
- Exel forms strategic alliance with POP Displays
- Freight Australia rail freight lease transferred to Pacific National
- Romanian Tarom purchases four A318s
- Opening of Pen-Wallem Shipping Services in Shanghai
- Arnold Schroven on I.D. Systems' supervisory board
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| AUGUST 23, 2004 |
- Rigdon appoints Currence VP Ops
- Statoil, Teekay and Hoegh in CNG venture
- Kleven gets OSV order
- Turnaround at Austal
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| AUGUST 23, 2004 |
- Port of Seattle/HMSHost golf tourney set for today
- Port of Tacoma Annual Report wins award for reporting excellence
- Olympia seminar will discuss South Sound Foreign-Trade Zones
- Washington State Ferries sets Keystone advisory meeting
- Asian building products reps heading to Seattle program
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| AUGUST 24, 2004 |
- Gloves come off and fines go up as US authorities get tough on pollution
BE AFRAID, be very afraid, is the US Department of Justice’s message to shipowners whose vessels pollute the oceans of the world en route to a US port.
- Höegh, Teekay and Statoil in CNG alliance
THE race to put the world’s first compressed natural gas ships on the water is hotting up with a potent new partnership entering the field.
- Flemming Jacobs signs up with DVB Bank
FLEMMING Jacobs is joining DVB, the Rotterdam transport finance bank run by former Intertanko managing director Dagfinn Lunde.
- Munch insurers have last laugh as Scream is left uncovered
OSLO city bureaucrats failed to take insurance out against the theft of Norway’s most famous painting, The Scream (left), and another Edvard Munch masterpiece, Madonna (right), both stolen by armed robbers in broad daylight on Sunday.
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| AUGUST 23, 2004 |
- Hapag threat as Tui is targeted
GERMAN state-owned bank WestLB confirmed on Friday that it is to sell its 31.3% stake in Tui, Europe’s largest tour operator and owner of container line Hapag-Lloyd
- Bidders gather round Pan Ocean
EIGHT of the 13 bids for South Korean operator Pan Ocean Shipping have been selected by Korea Development Bank to progress to the next stage
- Norden raises profit forecast
NORDEN, the Copenhagen-based listed bulk shipping company, has raised its full year 2004 profit forecast by 20% after reporting its best ever half-year results
- Terminal sues over crane damage
VIRGINIA International Terminals has filed a lawsuit in US Federal District Court after the Sea-Land Express struck a crane at Newport News in February
- Alleged ISPS corruption revealed
THE Philippines’ top policy-making body on security is to investigate allegations of graft and corruption in domestic port facilities’ compliance with the ISPS Code
- Passengers safe after ferry fire
A PASSENGER ferry carrying more than 300 passengers and crew caught fire yesterday whilst en-route between Waiheke Island and Auckland, New Zealand
- NZ meat exports to EU threatened
- French want ex-France back home
- Chennai and Tuticorin avoid strike
- French bullish on grain exports
- Brazilian road upgrade 'urgent'
- Trimaran trials catalyst for Austal
- PSA-PTP rumours rumble on
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| AUGUST 23, 2004 |
- New LA dockworkers get ready
First group of temporary longshoremen chosen from among 300,000 applicants should be trained and on the job by the end of this week.
- Daytime fee to move So.Calif. boxes
Shippers who move cargo through LA-Long Beach during the day will pay a fee of $20 starting Nov. 1.
- Improve forecasts or endure more delays, say supply-chain execs
- ILA dissidents want court to block contract
- Boxship order boom
- FedEx raises profit estimate again
- New Indiana-Florida intermodal service
- Houston opens port coordination center
- BNSF serves CMA CGM's mega-ship
- Stolt says EU drops barge cartel probe
- Nations speed Southeast Asia FT area
- Vancouver sells container warehouser
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| AUGUST 23, 2004 |
- Long Beach and LA file hoot-gate proposals with FMC
West coast terminal operators have filed a detailed schedule with the Federal Maritime Commission (FMC) for introducing out of hours gates at the ports of Los Angeles and Long Beach.
- Cool trucker response to traffic mitigation fees
At least one cynical trucker says he will pass on the traffic mitigation fees proposed by Marine Terminal Operators (MTO) on the US West Coast.
- LA’s inbound volumes power ahead
- SPSB to operate seven ports in Sabah
- Auckland welcomes new fiscal year with increased volumes
- ANL restores vessel to Papua New Guinea trade
- Busan's July volumes up 6%
- Zim changes name as Med/Canada rates go up
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| AUGUST 23, 2004 |
- Fidel dons crewing hat
Cuba is set to market itself as the next Philippines.
- Norden in dreamland
Danish owner banks enormous first-half profit from bulkers and tankers, and raises forecast for full year.
- B&N returns to profit
Demand for Swedish owner’s dry cargo tonnage helped boost first-half earnings.
- MBC on profit path
Malaysian bulker and tanker owner still flying high in 2004.
- More Sea-Land law
Add Virginia port authorities to the roll call of litigants.
- Renamed Zim soars
Ofer-owned liner company sees hefty jump in profits thanks to change in tax rules and ship disposals.
- Trio eyes CNG market
Teekay, Leif Hoegh and Statoil join forces to develop compressed natural gas ships.
- Bourbon splits and spins
French bulker owner to separate property assets and divide value of shares by three.
- Kleven calls back workers
Norwegian yard’s redundant workforce back in business with domestic order.
- Pacific Basin takes World Express
Newly listed Hong Kong bulker player buys mid-1990s built handysize from Japanese principals.
- Chemical tanker casualties
Jo Tankers and Stolt ships hit by engine room fire and collisions respectively on same day.
- More shares for Precious
Thai owner spends close to $500,000 in two days on its previously announced share buyback.
- Profits double at Halim Mazmin
Ship sale plus better overall performance drive profits up at listed Malaysian shipowner.
- Austal returns to profit
Improved productivity, especially from US operation, turns things around at fast ferry specialist.
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| AUGUST 23, 2004 |
- Zim changes name
- FedEx ratchets up earnings expectations
- Prior notice compliance continues to improve, says FDA
- Exel inks 3-year logistics contact with Life Fitness (U.K.)
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| AUGUST 23, 2004 |
- Statoil embraces CNG concept
Statoil has finally acknowledged the merits of transporting LNG as Compressed Natural Gas (CNG) for easy distribution, and has joined ...
- EU dropped one action against Stolt
EU has dropped its investigation of collusion into inland barge transportation against Stolt-Nielsen (and VOPAK). However, the probe into ...
- Odfjell buys Livanos chemtankers
Odfell has bought two 45,000 DWT chemical tankers, both built 1987, from Chemlog (Livanos) at USD 32.0 million en block ...
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