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| MARCH 25, 2004 |
Shipping News
- Ports told to keep pace with growth
A booming Asia led by China and India would mean that the region needs to build up its port infrastructure fast enough to meet the growth in maritime trade.
- Containerised trade imbalance set to worsen
THE imbalance of containerised trade flows is set to worsen as global manufacturing becomes even more concentrated in Asia and seaborne cargo becomes cheaper, according to a top maritime economics academic.
- AP Moeller seen posting 27% rise in '03 profit
DENMARK's shipping and oil group AP Moeller-Maersk is seen posting a 27 per cent rise in 2003 net profit before special items thanks to high freight rates and oil prices.
- Carnival cruises to higher first-quarter earnings
CARNIVAL Corp-Carnival plc, the world's No 1 cruise group, reported better-than-expected quarterly earnings as bookings and prices bounced back from lows caused by Iraqi war fears in early 2003.
Air and Land Transport
- Pacific island states told to tighten security
AUSTRALIA warned its Pacific island neighbours yesterday it may refuse landing rights to aircraft from countries with lax airport security amid fears they could be the next launching pad for terrorist attacks.
- Virgin Atlantic to add 1,400 jobs
- Delta slashes Mullin's cash pay to US$1.17m
- Korean Air, Asiana increase flights
- LOG Book
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| MARCH 25, 2004 |
- MOL to invest in over 200 vessels as part of financial plan
- MSC to launch Lion service next month
- UPS CampusShip available in Hong Kong
- Jieyang shifts highway expansion in to higher gear
- Hapag-Lloyd orders two vessels
- APM 2004 conference attracts 70 'hosted buyers'
- PSW2 service to call at Yantian port
- Shenzhen foreign trade up 11.7pc over first two months
- HK Economic Development secretary calls for advanced air services
- Cathay Pacific signs code share agreement with Aeroflot
- Emirates positions itself to cash in on EU expansion
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| MARCH 25, 2004 |
- A. P. Moller to order 129 newbuildingsa
- Khadi units told to focus attention on exports
- Pak keen on trade ties in IT, tourism, oil sectors: India Inc
- No need to import sugar: ISMA
- Tea exports rise by 34.91 pc in January
- Groundnut oil exports likely to touch 70,000-tonne mark
- Coir exports register 16 pc hike during April-February 2003-04
- Steel exporters shy away from Chinese market as prices fall
- India is shining, so is JNPCT! - Crosses 1 m TEUs for current fiscal, aims to be the leader
- CWC chalks out Rs 300-cr. pilot project for bulk handling of foodgrainst
- Industrial output records 7.4 pc growth in Jan.
- Tax benefits for only those who make profits from exports: Supreme Court
- Bharti-Changi JV to bid for Mumbai, Delhi airports development
- Forex reserves rise by $ 464 m
- Action plan drawn up to double foodgrains’ output by 2012
- India-UK economic cooperation in SMEs sector likely
- Russian business team in India on 7-day visit
- Indo-European IT Forum for SMEs to meet today
- GJEPC plans to undertake study tour of China
- IOC move to charter ships may be delayed
- Centre convenes meet to discuss rising edible oil prices
- CII signs MoU with LSE for information exchange project
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| MARCH 24, 2004 |
- Steady Gulf Coast ports see muted demand
- Crude falls after big US crude build, moderate gasoline draw
Oil prices fell today after weekly statistics from the US Department of Energy (DOE) surprised the market with a huge rise in commercial US crude inventories. The DOE also showed a minor draw in gasoline stocks compared to forecasts.
- New Saudi posted prices, possible tightness for April
- Barge service returns to Lazaro Cardenas
ICS Petroleum and Naval Mexicana joint-venture moves Apolo to Mexican west coast port.
- Antwerp below Rotterdam as trader prepares for export
The Rotterdam trade market for high sulphur fuel oil (HSFO) has been supported by keen buying activities from one or two big traders. As a result, trade and bunker markets in Antwerp were able to beat Rotterdam on price today.
- Shutdown postponement eases supply fears
Planned April closure at Greek state-owned Hellenic Petroleum's Aspropyrgos refinery postponed
- Piraeus holiday postpones prompt supply
- Low demand and good avails depress South Korean market
Low demand and increasing avails stocks have managed to surpress indications in South Korean ports.
- 'New' Libya opens up to bunker market
Greece-based trader Medstone SA offering delivery service for IFO120 and MGO at three Libyan ports.
- Rotterdam market reflects overnight crude rise
- USGC supplier's new ex-pipe services first of 'number of steps'
Houston Marine Services agreement with Texas City marine terminal operator for ex-pipe delivery to start April 1
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| MARCH 24, 2004 |
- Morocco, Jordan, Tunisia and Egypt sign FTZ agreement
- Norbert Dentressangle surpasses financial targets
- SeverstalTrans (SST)makes debut on capital markets
- Swiss suspends co-operation with Polar
- Marseille tightens security in wake of Madrid
- New appointments at Renfe Cargas
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| MARCH 24, 2004 |
- Hatsu Marine Ltd to become an operator of the ELS service
- Sinotrans and MOL in car venture
- CalMac orders in Poland
- Smit orders in Singapore
- CP buys logistics firm
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| MARCH 24, 2004 |
- BPA awards $1.5 million grant for Sea-Tac Airport energy program
- FESCO changing rotation for FANAL's PNW loop service
- TSA earmarks $19.3 million to boost trucking watchdog program
- Oregon governor tours Northwest Container Services
- Seattle-based Coast Guard cutter breaks record for most drugs seized
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| MARCH 25, 2004 |
- Qatar takes $6bn step towards number one slot for gas-to-liquids
QATAR’S ambition to become the global gas-to-liquids capital of the world is taking a giant step forward with three new projects totalling $6bn.
- Greek duo order more LNG ships
TWO leading Greek shipowners are expanding their commitment to liquefied natural gas shipping with orders for further tonnage, writes Tony Gray.
- VLCC rates hit five-month low
VERY large crude carrier rates have nearly halved in the last week, dropping to five-month lows on the back of soft market sentiment and increasing vessel availability.
- US Coast Guard to make ISPS foreign port checks
VISITS to foreign harbours involved in US trade will be an integral part of the US Coast Guard’s implementation plan on the International Ship and Port Facility Security Code that comes into force on July 1, a senior official said in Stamford this week.
- City of London mayor in anti-terror call
A CALL for more intensive efforts to fight terrorism and money laundering has come from Robert Finch, who as Lord Mayor of the City gives strong backing to the interests of the financial centre, writes James Brewer.
- P&O Nedlloyd pays record $32,500 a day for boxship pair
P&O Nedlloyd is paying record charter rates for a pair of Hansa Mare-owned panamax containerships as the market continues its heady upwards march, writes Janet Porter.
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| MARCH 24, 2004 |
- Intra-Asia trade may hit Singapore
GROWING Intra-Asia trade could hit container transhipment ports such as Singapore, a senior official of the Maritime and Port Authority, Singapore said today
- Have Your Say!
WOULD you feel comfortable reporting "characteristics and behaviour patterns of people likely to be security threats" among your colleagues, clients and contacts?
- Shoreside security crucial
NEW maritime security regulations should extend to shoreside office practice, and effectively include personnel profiling, conference speakers say
- Labour agreement reached in US
POSSIBLE labour problems in US East and Gulf Coast ports were averted yesterday when the Longshoremen Association reached a six-year deal with US Maritime Alliance
- Fourth time unlucky for dredger
AS the Belgian dredger Filippo Brunelleschi experiences its fourth mishap, its crew, some who have been hospitalised, must be thinking it is the world's unluckiest dredger
- USCG not ready for AIS
COAST Guard receiving stations may not be equipped in time to receive signals from ships newly fitted with AIS under the ISPS Code, the US Senate heard today
- Big money for a name change
- Bulker under tow
- Chinese charged in people-smuggling
- Superferry 14 search ends
- Contship asks for support
- Cruise ship diverts from cyclone
- Chaos reigns at Paranagua
- Festival to meet with creditors
- Vostochnyy benefits from rail slump
- Diamond Princess fire verdict
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| MARCH 24, 2004 |
- Ports still a terror target, hearing told
Maritime and security agency chiefs tell Senate committee that U.S. ports remain vulnerable to terrorist attacks.
- At NCBFAA: End to paper filings near
Census readies raft of new export e-filing rules.
- House committee approves highway spending bill
- Calls for increased U.S. rail security
- Nedlloyd shareholders approve P&O buyout, IPO
- DoD, NATO will test sharing RFID networks
- APL sets up Russian company
- Evergreen opens India offices
- Strike to cut CN profit
- Pakistan to install container screening machines
- Former PONL exec to head Management Dynamics board
- Hatsu Marine joins Europe service
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| MARCH 24, 2004 |
- Services vulnerable as charter rates charge again
High charter rates are making some services vulnerable to cuts as the spiralling costs bring the viability of some strings into question.
- Deutsche Bahn warns of drastic network investment downscaling
- Korean government to extend Gwangyang exemptions until 2006
- CP Ships to acquire ‘key’ Canadian forwarder
- AustralAsia Railway moves first Asian export boxes
- Madrid bombs light fuse of rail and maritime security demands
- Evergreen to launch dedicated Taiwan-Thailand service
- Intermodal took brunt of CN strike
- P&O Ports to invest C$130m in Vancouver’s Centerm
- Auckland awards dredging, terminal contract as box volumes slip
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| MARCH 24, 2004 |
- Children of the Revolution
Psychologically-damaged owners need to adjust their thinking and get used to the good times, US broker tells CMA.
- Payout hope for Lloyd Werft
Insurers ready to hand bankrupt yard cash to complete damaged Pride of America.
- Double-hulls fail to cut big spills
BV chief Bernard Anne also urged at CMA to take the lead on protecting bunker tanks.
- US east coast docks deal
Agreement between union and port bosses averts west coast dispute re-run.
- New UAE-Iraq ferry link
Marwan Shipping runs passengership between Ajman and Iraqi ports of Umm Qasr and Abu Fulus.
- Gorthon confirms ship swap
Swedish owner buys partner B&N’s ro-lo Finnfighter for new combined Atlantic service.
- Tidewater expects downturn
US supply ship giant warns of lower fourth quarter profits than analysts are predicting.
- Maran Gas to sign up LNG ship
John Angelicoussis makes it a double celebration at Daewoo with VLCC naming.
- Tug attacked off Singapore
Three crewmen injuried as knife wielding pirates seize vessel in western anchorage.
- APL plants Russian roots
NOL containership unit founds company to handle Russian and CIS business.
- Final Mississippi body found
Leisure craft spots final corpse from supply ship Lee III, which sank last month.
- Mirage 1 sold to Isramco
Israeli energy firm pays just over $8m at auction to pick up veteran cruise liner.
- Thoresen shares surge
Investors pile into Thai bulker owner after ING analyst raises profit forecast by a third.
- Vancouver port to expand
UK's P&O ready to spend CAD 130m to double Canadian terminal's capacity within 18 months.
- CP Ships snaps up ROE
Liner company moves into supply chain management with acquisition of Canadian firm.
- Japan set for bumper haul
Nation’s shipbuilders look set for record newbuilding year despite weaker penultimate month.
- Karageorgiou quits Stelmar
Stelios Haji-Ioannou right-hand man to step down from tanker board to concentrate on cruise.
- EMTA ups Italian rates
Rising costs prompt container conference to increase charges from southern Italy to north Europe.
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| MARCH 24, 2004 |
- Asia/Canada carriers revise rate increases
- Royal Nedlloyd stockholders approve P&O Nedlloyd buyout
- APL opens agency company in Russia
- DHS, DOT need better coordination of rail security measures
- Bush considers sharing export data with foreign governments
- Mandatory electronic export filing moves closer to reality
- Loy urges continued industry cooperation with DHS
- CP Ships moves into logistics with Canadian acquisition
- DeMarchi appointed NAMA's coordinator of technical and export programs
- P&O Ports signs 51-year lease in Vancouver
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| MARCH 24, 2004 |
- Gorthon acquires "Finnfighter"
Gorthon Lines has acquired the 15,092-DWT ro-lo carrier "Finnfighter", built 2001, from B&N Nordsjöfrakt. The vessel will ...
- Stolt-Nielsen face renewed legal threats
Chemical tanker operator 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 up until 2010 include JPY 1,160 billion (EUR 8.8 billion) in investments in new ships. The fleet ...
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