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| AUGUST 25, 2004 |
Shipping News
- LA, Long Beach to extend cargo operation hours
CARGO operations at the largest port complex in the US will be extended to nights and weekends under new initiatives aimed at reducing traffic jams and air pollution.
- Singamas' H1 profit up 49% to US$10.5m
RIDING the global wave of container demand, Singamas Container Holdings Ltd reported a 49 per cent rise in half year profits yesterday.
- Vegas firm keen on major stake in Queen Mary
THE company that operates the Queen Mary for the city of Long Beach, California, said it wants to sell 75 per cent interest in the vessel to a Las Vegas-registered limited partnership.
- HK, Taiwan shipping put on alert
HONG Kong and Taiwan ports were put on alert as rough seas and smog hit the coastal areas of the region, slowing down operations in the ports.
Air and Land Transport
- Court approves Air Canada's plan to exit bankruptcy
A judge on Monday approved Air Canada's plan to climb out of bankruptcy but warned managers of a carrier that serves millions of Canadians, Asians and other global passengers: 'Do not let this happen again.' The ruling means the airline will be able to sail clear of insolvency protection by the end of September, backed by a restructuring strategy which culled thousands of jobs and millions in costs from its operations.
- Brazil govt scrambling to save Varig
- Pilots could control fate of troubled US Airways
- SAS introduces new features to attract passengers
- Mal Air ready to join alliances
- Thousands stranded by cancelled BA flights
Strait Talk
- Existence of liner groupings under increasing threat
MAJOR container carrier Maersk Sealand, the liner arm of Danish shipping giant AP Moller-Maersk, has decided to pull out of the Transpacific Stabilisation Agreement and, a couple of weeks ago, gave a month's notice to the rate discussion agreement group.
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| AUGUST 25, 2004 |
- Shanghai, Shenzhen throughput up over first seven months
- OOCL obtains `Ship Agent' status in China
- Rail reform urgently needed in PRC: economist
- Indian truckers strike over service
- Pen-Wallem opens in Shanghai
- Kedah highway construction planned
- FedEx revises upwards earnings forecast
- Cathay cost cuts undertaken for survival, says CX official
- Sri Lankan Airlines adds new flights to India
- High airfreight prices threaten PNG tuna industry
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| AUGUST 25, 2004 |
- Shipping Ministry seeks better fiscal deal for dredging companies
- Marine insurance revenue falls by 6 pc in 2003-04
- MoS asks W. Bengal govt to take over & run CIWTC
- GE Shipping orders 2 AHTSVs from Bharati Shipyard
- Shipping cos go on expat staff hunting spree
- Garment exports to quota nations post 9 pc growth in Jan-July 2004
- 21.5 m tonnes of coal imported in 2003-04
- India to sign framework pact for FTA with 6 Gulf nations
- NSICT to effect 40 pc cut in imports of ICD-bound boxes from mid-September
- Port & dock workers’ federation meet discusses crucial issues
- Govt ready for talks with transporters
- SEZs likely to be excluded from purview of NFTP
- MoS directs formation of SPV for Sethusamudram project
- Govt may offer tax sops to units shifting to SEZs
- Service tax waiver likely for EOUs
- More steel majors slash prices
- Order on revised DEPB rates on seafood to be kept in abeyance
- PM heads high-level committee to monitor infrastructure projects, including ports
- 2-yr Exim Policy goes; NFTP to be of 5-yr duration
- Lok Sabha passes Rly Budget
- Mundra Custom House Agents Assn gets recognition
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| AUGUST 24, 2004 |
- US authorities warn polluters: 'Be fearful'
Head of US Department of Justice to continue to pursue 'vigourous prosecution' of polluters while denying claims that $1 million-plus rewards for whistleblowers were counter-acting aims.
- Singapore: Half-yearly bunker sales surge by 11%
Singapore expected in line for another record year as June sales take sales for first six months of 2004 to almost 11.5m mt.
- Taiwan: Bunkering halted as Aere approaches
- Shanghai: Fuel oil futures trading restarts tomorrow
The Shanghai Futures Exchange (SFE) is set to re-launch fuel oil futures trading tomorrow after a nine-year suspension of derivatives trading in China.
- Singapore: Management change at Shell
Head of bunkers to retire next spring...familiar name to to take his place from September 1 of this year.
- Salvors: Prestige fuel recovery could be completed in September
Salvors working on extracting the remaining fuel from the wreck of the Prestige have said they expect to complete the removal operation weeks ahead of schedule.
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| AUGUST 24, 2004 |
- CNG venture underway
- Norden’s best ever half year
- Ohio bulk traffic moving again
- IUA’s new technical committee chairman
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| AUGUST 24, 2004 |
- Navy to transfer five Cyclone class ships to Coast Guard
- CSL rebuilds self-unloader
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| AUGUST 25, 2004 |
- PT Arpeni eyes world’s first CNG ships order
INDONESIAN shipowner PT Arpeni is in talks with Hyundai Heavy Industries to build what could be the world’s first compressed natural gas carriers.
- Russia plans to export LNG to US by 2010 says ambitious Gazprom
RUSSIA intends to be exporting liquefied natural gas to the US before 2010, Gazprom, the country’s natural gas monopoly, said, writes Tony Gray.
- Shipping Australia defends discussion agreements
Shipping Australia Ltd has proposed to the Productivity Commission that liner discussion agreements be able to negotiate binding maximum rate levels with shipper bodies, reports Lloyd’s List DCN in Sydney .
- Shell settles with regulators to end reserves scandal
SHELL has moved closer to consigning one of the oil giant’s darkest chapters to history when it reached final settlements with the US and UK authorities over its mis-statement of proven oil reserves.
- Liability pressures and arrests ‘could kill class’
POTENTIALLY ruinous pressures in the shape of unlimited liability and unwarranted arrests and criminal prosecutions could spell the "end of class" as we know it, the chairman of ABS has warned.
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| AUGUST 24, 2004 |
- Class war over liabilities
AMERICAN Bureau of Shipping (ABS) said today that unless a more rational view emerges on liability, classification societies could potentially be forced out of business
- Cruise employee alleges assault
SEXUAL assault by a cruise ship employee has again been alleged, but in this case by another Royal Caribbean Cruises’ employee
- Warrant for cable-cutting ship
A SRI LANKAN court has issued an arrest warrant for a Shipping Corp of India ship alleged to have cut much of the island's international telephone and internet traffic
- Cruise industry spending revealed
THE cruise industry generated more than $12.9Bn in direct spending in the US in 2003, according to a study released today by the International Council of Cruise Lines
- Longshoremen’s vote in court
ARGUMENTS over the validity of the International Longshoremen's Association vote that ratified a six-year agreement may be heard this week by a US federal judge
- No concrete answer to cement riddle
AFTER sitting idle for ten days, work to unload a cargo of 40,000 tonnes of bulk cement at Ras Al Khaimah, UAE, is finally underway
- Brittany estimates Pont-Aven losses
- Chinese break Pilbara ore duopoly
- Trio to focus on CNG potential
- Halifax clears strike backlog
- Zim to transfer Med hub to Taranto
- Indian breakers scrap demolition
- China's bulk ports congested
- Strike 'could hit seafarer jobs'
- Cosco Pacific acquires CIMC stake
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| AUGUST 24, 2004 |
- Record July for West Coast ports
Double-digit gains seen for container volumes at U.S. gateways as peak shipping season gets underway.
- New York top air-cargo gateway
Maintains number-one ranking through the first half of the year.
- Cosco buys stake in box maker
- TSA testing air-cargo explosives detection
- Sinotrans profit grows
- Smog warning for Hong Kong harbor
- Lines raise India-Europe rates again
- India hit by truckers strike
- TradePoint, Panalpina complete in-bond e-filing
- MOL Logistics unit opens in Shanghai
- China eases ex-im laws: Report
- Growing IES restructures management
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| AUGUST 24, 2004 |
- High box prices will remain until the end of year says Singamas
Singamas, the world’s second largest box manufacturer, expects prices of US$1,900 per TEU to be sustained until the end of the year due to significant increases in steel prices.
- Zim contemplates Taranto hub move
- Local backing essential for Elbe dredge says Stolpe
- PDL replaces stranded Southern Moana
- Australian and NZ beef minces Japanese and Korean markets
- HMM issue bonds to relieve debt burden
- French line raises Brazilian market share
- MOL’s Waigaoqiao logistics facility opens for business
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| AUGUST 24, 2004 |
- RCCL caught in rape flap
Line denies ex-worker's charges that it ignored her rape allegations against a senior worker.
- Tanker stocks go west
Options in Knightsbridge and Ship Finance begin trading on San Francisco’s Pacific Exchange.
- CSCL opens on a high
Chinese container line announces big profit in first earnings release since Hong Kong listing in June.
- Coscol beats own estimates
Half-year profits up 178% for expanding Chinese heavy lift and ro-ro operator.
- UK holds five
North-Western and Bnavi ships feature on small detention list for July.
- China Shipping thinks big
Chinese giant says it is planning an enormous VLCC ordering spree by 2010.
- Palmali doubles up
Turkish owner adds another six cargoships to orderbook at Volgograd.
- CSL renews Jean Parisien
Canadian owner picks domestic yard for forebody replacement of veteran bulker.
- Green Reefers nears profit
Financial and operational costs held Norwegian owner back in first half of 2004.
- Singapore set for bunker record
Lion Republic looks set to break 2003 sales record despite ongoing scandal and soaring oil prices.
- HMM earns early reprieve
Korean owner’s creditors end debt-reorganisation four months ahead of schedule, confident of company’s survival without aid.
- Fili becomes Victorious
TOP Tankers has taken delivery of the fourth in a series of ships from Russia’s Sovcomflot.
- Gadani grinds to a halt
Pakistani scrap yards on hiatus after high prices create three-month drought.
- Global Winner set to drydock
Hyundai capesize bulker damaged in grounding off Singapore to enter Jurong yard on Wednesday.
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| AUGUST 24, 2004 |
- FEFC to implement ISPS charge on Sept. 15
- Frist wants further scrutiny of Law of the Sea treaty
- Grand Alliance drops PNX leg from service
- MarAd extends MSP interim final rule comment period
- Raytheon Aircraft picks BAX as global logistics provider
- Corps of Engineers praised for quick reopening of McAlpine Lock
- Transplace names Cashman CTO, Chiodo VP sales
- Panama Canal will close westbound lanes in two locks for repairs
- Port of Houston builds command center
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| AUGUST 24, 2004 |
- "Norden" with the best half-year ever
Dampskibsselskabet "Norden" have had it best half-year result ever in the company’s history that dates back from 1871. The ...
- Barents sea prospecting high priority
Norway is to launch a new strategy for oil and gas drilling in the Barents Sea more in line with ...
- More working hours to save jobs and cut prices
A strike is not a proper way to send messages to each other! These words comes from the CEO of ...
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