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| FEBRUARY 25, 2004 |
Shipping News
- S'pore opens 2 new ship re-fuelling anchorages
GROWING bunker sales have prompted the opening of two new ship re-fuelling anchorages in the west of the port of Singapore, along with an extension of port dues discounts to discourage outside port limits transactions.
- Keppel O&M units bag deals worth $172m
KEPPEL Offshore & Marine Ltd, a subsidiary of the listed Keppel Corporation, has secured contracts worth $172 million through its wholly owned subsidiaries Keppel Singmarine and AMFELS in US.
- Hanjin revises profit
HANJIN Shipping Co, South Korea's largest shipping line, said it revised down its 2003 profit to 295.2 billion won to reflect corporate taxes stemming from equity holdings in an overseas unit.
Air and Land Transport
- Virgin Atlantic, BMI chiefs see merger as logical
VIRGIN Atlantic Airways chief executive officer Steve Ridgway and his counterpart at British Midland Airways, Austin Reid, said combining the carriers makes sense as they compete with British Airways and other airlines in Europe and across the Atlantic.
- Malaysian Air mulls major fleet renewal
- PAL to lease 13 planes in next 2-3 years
- Korea Aerospace expects to sell first supersonic jet trainer
- Virgin Blue fills more seats last month
- Swiss chalks up smaller loss of 687m francs
Strait Talk
- Flag states need to fulfil duties in era of global terrorism
THE end of the Charles Taylor government in Liberia last year was not only a milestone in, everybody hopes, the recovery of that troubled West African nation but also for the development of the modern flag state.
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| FEBRUARY 25, 2004 |
- Logistics spending in China on the rise
- G8 rates to increase
- Work on fifth phase of Waigaoqiao Terminal to begin soon
- Le Havre receives cranes
- US beef sitting at the dock of the bay in Japan
- South Carolina ports authority proposes to levy security surcharge
- Changi Airport to have third ground handler
- Landmark PRD air traffic meeting held in Dalian
- DHL, Airborne integration being 'enthusiastically embraced'
- ECS relocates Hong Kong office
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| FEBRUARY 25, 2004 |
- DCI appoints PwC to rope in JV partners abroad
- ...angling for Bahrain contract
- Adhere to agreements reached with trade unions, Sinha tells Port Trusts
- VCTPL woos and wins Nagpur trade
- ChPT observes ‘ISPS Code Awareness Week’
- Celebration time again at JNP
- CCTPL users seek withdrawal of service tariff hike
- Rajiv Gandhi Container Terminal acquires versatile reach stacker
- CONCOR’s net profit up by 30 pc in third quarter
- Better port/airport infrastructure vital to accelerate exports, says CII report
- New custom house agents licensing regulations announced
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| FEBRUARY 24, 2004 |
- Uruguay market update
- '50 ships' stranded as Mississippi search continues
Referring to the backlog of ships, one Louisiana-based supplier told Bunkerworld today: "Its like a parking lot out there."
- Wilhelmsen Bunkers poised for expansion
The global bunker broker and trading company Wilhelmsen Bunkers AS, a fully owned subsidiary of the major Norwegian shipping company Wilh. Wilhelmsen ASA, is preparing to open a new office in South Africa at the beginning of March, 2004.
- Fujairah still tight as resupply commitments fail to ease
- Expected Hong Kong resupply sees increasing commitment
The tight fuel oil situation that has been affecting Hong Kong for most of the month looks set to ease slightly after the weekend, with most suppliers expecting to receive resupply on Sunday.
- Setback for Iraqi oil exports as oil port shuts
With security issues preventing the northern pipeline from reopening, Baghdad is now pushing to boost exports by opening a second oil terminal in the south.
- Indian market update
- Suppliers: 'Early end' to Piraeus strike unlikely
Bunker players in Piraeus were preparing for a period of inactivity today, after protesting workers at two local refineries confirmed they would begin striking at midnight tonight.
- MPA earmarks two new bunkering anchorages
The Maritime and Port Authority of Singapore today announced that it has earmarked two new bunkering anchorages in the western sector of the port in order to meet growing bunker demand.
- Rotterdam little changed, barges tight short term
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| FEBRUARY 24, 2004 |
- NOL back firmly in the black with record profits
- Keppel O&M secures S$172m contracts
- Felixstowe gets Chinese cranes
- U-Freight boosts Shanghai office
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| FEBRUARY 24, 2004 |
- Keppel units win $101 million of orders
Includes conversion contract for AMFELS
- Australia looks overseas for LHD design
Requests information from Izar and France's Armaris
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| FEBRUARY 25, 2004 |
- China Shipping cashes in with $2bn IPO target
CHINA Shipping Container Lines is looking to cash in on the huge interest in both shipping and China with an initial public offering in Hong Kong that early reports suggest may aim to raise up to $2bn.
- Putin sacks government on poll eve
Russian President Vladimir Putin has dismissed his government less than three weeks before a presidential election, writes Tony Gray.
- Neptune Orient growth strategy may include buying a shipping line
ON THE back of a record profit, Neptune Orient Lines yesterday laid out the basics of its future strategy going forward that includes possibly acquiring another shipping line.
- London Club rapped over Estonian spill
THE London Steam-Ship Owners’ Mutual Insurance Association came in for criticism yesterday over the defence it is mounting in an Estonian court to reject liability in the case of the Alambra oil spill.
- IOPC stands at fork in review road
TWO bodies of opinion that emerged yesterday during an international review of the compensation available to victims of oil pollution could create the space needed to head off plans to increase the liability burden on shipowners, writes Hugh O’Mahony.
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| FEBRUARY 24, 2004 |
- MSC Cruises to take on Costa
MSC Crociere Italiane, the cruise shipping subsidiary of the Aponte group, is soon to place an order for two 100,000gt vessels with 1,350 staterooms
- Mississippi remains closed
THE Mississippi river remains closed to deep-draught vessels today as the Coast Guard, state resources and a commercial salvage company work to clear the channel
- Asians halt Canadian chicken run
CANADA is the latest country to have its chicken exports hit by bird flu, with a mild strain now confirmed in a British Columbia farm
- 8M Americans took a cruise in 2003
EIGHT million North Americans went cruising in 2003, according to statistics released by the Cruise Lines International Association
- Irish Ferries suspends services
IRISH Ferries has implemented its threatened temporary suspension of three services following lack of progress in talks with unions over planned manning reductions
- EU acts against Erika II laggards
THE European Commission has launched legal action against 12 EU member states for failing to implement the Erika II package of safety measures
- NOL's Lim fends off take-over talk
- NOL reveals financial turnround
- Italian tug owners quit Confitarma
- Germany reviews coast guard
- Taharoa breakdown worries NZ
- DNV targets German boxboat business
- Birka issues profits warning
- Crane giant seals Maersk deal
- Abandoned vessel attracts scrappers
- ASEAN ministers tackle piracy
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| FEBRUARY 24, 2004 |
- Salvage begins on Mississippi wreck
Salvors are working to move the sunken Lee III from a critical entrance to the Mississippi River.
- Turnaround for NOL results
Higher rates, lower costs fuel better-than-expected results in fourth quarter, full year.
- Canadian maritime seeks security grants
- Shenzhen port speeds clearance
- Joint Industry Group slates meeting
- UPS enhances customs clearance
- Wallenius Wilhelmsen names Americas chief
- Port of Tacoma, tribe in box terminal agreement
- South Indian port wooing investors
- ABX Air sees profit in fourth quarter
- STB schedules last Conrail merger hearings
- British port expands capacity with new cranes
- West Forwarding launches domestic service
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| FEBRUARY 24, 2004 |
- Canadian traffic shifting from CN to road despite no reported strike-delays
Canadian National Railway (CN) is encouraging perishable-goods shippers to use road transport during the strike launched last Friday, but they are not the only ones heeding this advice.
- CSCL seeks expansion investment through HK flotation
China Shipping Container Lines (CSCL) became the third line to announce a public listing today when it said that it will float on the Hong Kong stock market in June.
- Scores of cargo-vessels delayed by Mississippi blockage
- Malaysian meat imports stranded at ports
- South Carolina Ports plan ship-length tax to defray security costs
- Patrick signs for new Brisbane terminal
- Chennai Container Terminal rate hike draws flak
- Hamburg boxtrain service booms
- Cosco to launch Asia-Med ADX service
- Rail4Chem obtains full access to Dutch rail network
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| FEBRUARY 24, 2004 |
- Friends mourn Garmann in US, Norway
Leukemia claims former Odin broker at 59.
- First body recovered in US river disaster
Mississippi channel to reopen Wednesday at soonest.
- Cosco suggests pilot error in Mississippi crash
Bulker Bright State said under pilot control when it struck Genmar tanker.
- Gales lash Russian tanker
Norwegian rescue services rebuffed over offer to assist Novoship aframax.
- Toll boosted by Tranz Rail takeover
Australian shipping group booked big profits in its first half after buying New Zealand owner.
- Irish Ferries scraps sailings in pay row
Irish owner down to one ship in Irish Sea as unions refuse to cooperate in talks.
- Loan boosts Volgaflot’s fleet expansion
World Bank cash means Russian owner can scrap planned bond issue.
- JR orders at JJ
German yard JJ Sietas to build two 868-teu vessels for expanding Dutch owner JR Shipping.
- NOL in full recovery
Booming boxes and cost-cutting produce $429m profit.
- NYK ship faces trial
New Zealand orders engine and manoeuvring test on "hazardous" bulker.
- Congestion hits top coal port
Xstrata adds to protests over Newcastle demurrage costs.
- Hamburg Sud drops Long Beach
German container line rings changes with refinement of Asian Express Service.
- Norwegians to fund Montenegrin revival
New national shipowner needs foreign banks' cash to buy four vessels.
- Numbers up at GNV
Grimaldi group ferry operator sees passenger and vehicle business boom in 2003.
- UK holds 10 in January
Two more Danish-flag ships among latest detainees.
- CSCL eyes Hong Kong listing
China Shipping Group's containership arm to raise up to $2bn through flotation.
- Daewoo inks another Golar gas carrier
Yard takes fourth LNG carrier order from Fredriksen plus a suezmax from Angola.
- Maersk among top US military contractors
Danish giant has moved up a place or two in annual list of top recipients of defence dollars.
- PDZ disposes of Gilian
Malaysian-listed boxship operator offloads feeder vessel to Indonesia's Temas Line.
- Keppel gets $100m contract boost
Groupe Bourbon and Keppel Smit Salvage each book four ships at Singapore marine group.
- Dockwise hauls in jumboised Blue Marlin
Owner takes delivery of 50% bigger semi-submersible heavy lift ship after conversion at Hyundai Mipo.
- Interim profits jump at Jaya
Offshore vessel activities help boost the bottom line at Singapore shipowner and ship builder.
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| FEBRUARY 24, 2004 |
- Asia/Americas carriers skip Long Beach to avoid 24-hour rule
- Spectacular turnaround at NOL
- U.S. Lines goes weekly in transpacific
- Maersk, Safmarine quit U.S./Brazil discussion agreement
- COSCO joins Yang Ming's Asia/eastern Mediterranean service
- U.S., Mexico reaffirm expansion of FAST program, border cooperation
- FCS Import2000 ready to interface with Canada's manifest system
- Drop in oil prices skews foreign trade zone production data
- Ridge lays out homeland priorities
- NIT League to hold spring policy forum March 22-23
- Shipper pleads guilty for violating 'Buy America' policy
- U.S. hard red spring wheat shipments increase to China
- U.S. import entry denial lifted for El Salvador textile shipper
- Port of Houston approves contracts
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| FEBRUARY 24, 2004 |
- Kristian Gerhard Jebsen dies at 77
One of Norway’s great shipping entrepreneurs, Kristian Gerhard Jebsen, is dead aged 77. He leaves a wife and three sons ...
- Norway will investigate Spanish yard subsidies
Norway is launching an investigation to see if the state support to the Spanish IZAR Group contravenes the EES Agreement ...
- Maritime inquiry behind locked doors
The maritime inquiry after the collision between "Stena Nautica" and "Joanna" is held today behind locked doors at the district ...
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