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| AUGUST 26, 2004 |
Shipping News
- Portek chalks up record full-year profit
SINGAPORE-listed port operator and engineering services provider Portek International says it wants to grow its higher-margin terminal business along with an expansion into the energy sector, as it reported record full-year profits yesterday.
- Alert raised after pirate attacks off Indonesia
INTERNATIONAL maritime watchdogs yesterday raised a piracy alert for shipping in South-east Asian waters after armed raiders stormed two vessels off the Indonesian coast, briefly taking crewmen hostage.
- CSCL H1 net profit soars to 1.5b yuan
CHINA Shipping Container Lines , the world's No 10 containership operator, posted a near quadrupling in first-half earnings on Tuesday, helped by higher freight rates amid a China-led trade boom.
- UK detains roach infested ship
THE UK's Maritime and Coastguard Agency detained five vessels in July for failing port state control inspections including a passenger vessel with major health-related deficiencies.
- Sinotrans profit up 8%
CHINESE freight forwarder Sinotrans said on Tuesday its first-half net profit rose 8 per cent, as booming trade with China spurred demand for logistics services.
- TANKER RATES
PERSIAN Gulf oil-tanker rates for shipping 2 million barrel cargoes of crude to the US fell to more than a three-month low as limited demand in the second half of September boosted supplies in the market.
Air and Land Transport
- Alitalia faces collapse in 20 days: CEO
STATE carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a 400 million euro loan, the company's head was quoted as saying in Italian news reports on Tuesday.
- Manila seeks law to spin off airports, ports, rail
- Govts urged to cover terrorism
- Air Deccan starts flights on main routes
- Macquarie Airports' H1 profit triples
- British Airways cancels flights on staff shortage
Newbuilds
- European lifeboat maker expands to Asia
THE newbuilding scene remains quiet but the few orders that have been reported are for large and expensive vessels and reflect the current focus on post panamax container ships and LNG carriers.
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| AUGUST 26, 2004 |
- Sino-Australian free trade talks to begin next year
- "K" Line fleet expansion will be at 'reasonable' pace, says Sakinaga
- SCT receives new cranes
- Port of Houston boosts security
- Ports of Auckland sponsors university chair
- MOL Logisitics China's bonded zone pioneer
- Hyundai Opal visits MICT on maiden voyage
- Malaysia Airlines Q1 profits soar
- 88 flights to be slashed by Southwest Airlines
- Extension of air manifest filing using IES web
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| AUGUST 26, 2004 |
- India, 6 Gulf nations ink framework pact for economic ties
- New EU members may pose threat to exports
- MbPT extends free period for import boxes to 10 days
- Surface Transport Ministry frames new scheme to finance IWT, coastal shipping
- Pre-qualification bids invited for Sewree-Navi Mumbai sea link
- Frost & Sullivan report projects logistics business in India to reach $ 19.54 bn by 2009
- Core sector registers 7.4 pc growth in July
- Private investment in core sector below par: CII study
- FM offers to discuss procedural problems in service tax payments
- IMC calls for amicable solution to truckers’ strike
- AIAI urges govt to intervene in transporters’ strike
- R. Shanmugam nominated trustee of ChPT
- MANSA goes live on the web
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| AUGUST 25, 2004 |
- EMMF enhances operations in Sukhna, Suez, Fos and Augusta
Major supplier targets growing bunker demand in Sukhna and Suez and stabilises supply networks in Fos and Augusta.
- Portland Bunkers on target for October start
Change to design and routes of pipeline structure delay start of new bunker supply operation on English south coast.
- Fujairah IFO falls further despite slight cargo gain
- Shanghai exchange deemed initial success
Re-launch of fuel oil exchange - nine years after its predecessor failed - opens new doors for international players.
- Operational tightness in Singapore, market stable
Local players in Singapore today reported tightness at loading terminals due to operational problems...Sources said there were unconfirmed reports of blending difficulties.
- Crude rebounds on news of fall in stockpiles
New York and London respond as US stockpiles of crude oil and gasoline expected to drop.
- Taiwan: Supplier remains closed, deliveries suspended
The offices of Taiwanese bunker supplier Chinese Petroleum Corp. (CPC) remained closed today as typhoon Aere continued to move through the country leaving traders unable to entertain new enquiries.
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| AUGUST 25, 2004 |
- Mercator installs RAPID system at Singapore Airlines Cargo
- ECO countries to ease transit of cargo
- Royal Vopak posts good interim results
- Moldtrans Spain cooperates with Lamprecht Switzerland
- Air Transat offering overnight trucking services
- DFDS prolongs transport contract with Saab Automobile
- ProLogis names new CEO, president and COO
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| AUGUST 25, 2004 |
- Violent attacks on bulker and boxship in Indonesian waters
- Poor market hits Farstad’s earnings
- UK stops cockroach infested passenger ship
- Schat-Harding takes over Chinese boatyard
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| AUGUST 25, 2004 |
- Another ghost ship heads for Texas
- Paris MOU names another "rust bucket"
- TEN orders versatile aframax
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| AUGUST 25, 2004 |
- Port of Tacoma lease with ITS paves way for larger "K" Line facility
- The Greenbrier Companies elects new board member
- Coast Guard sets up rescue of stranded British sailor
- VPA subsidiary sells interest in Coast 2000 Terminals
- Chinese seaman dies in fall from freight ship off Oregon coast
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| AUGUST 26, 2004 |
- Malacca Strait is terror target admit militants
INDONESIA’S intelligence chief says that detained Muslim militants have admitted they were considering attacks on shipping in the key Malacca Strait waterway.
- Flood of fixtures puts Maersk Sealand in boxship spotlight
MAERSK Sealand has set the containership charter market alight over the past couple of weeks with a slew of fixtures covering tonnage ranging in size from 2,500 teu right up to 8,400 teu nominal capacity.
- Numast tonnage tax job plan
ENTITLEMENT to UK tonnage tax should be linked to the employment — and not just the training — of UK seafarers, Numast has demanded.
- NYK wins Nigerian LNG contract
NIPPON Yusen Kaisha is celebrating the signing of an exclusive long-term Nigerian LNG tie-up.
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| AUGUST 25, 2004 |
- Adsteam in subsidy speculation
TOWAGE operator Adsteam Marine has declined to comment on a report that the company has written to Australian transport minister John Anderson urgently requesting the government to subsidise its Australian salvage operations by more than A$6M ($4.2M)
- Tuticorin traders protest at ferry delay
ALL commercial interests in Tuticorin, India, stayed closed today in protest against opposition to a proposed ferry service to the Sri Lankan capital, Colombo
- Shamrock owners try to block sale
THE owner and charterers of the ro-ro vessel Shamrock have filed an objection with the US District Court in Portland, Maine, to try and block the sale of the vessel
- Garyounis finally leaves Malta
FOUR and a half years after first occupying a berthing space at Malta Shipyards, the ex- Libyan ro-ro Garyounis finally left Malta on 23 August
- SCI ship innocent of charges
SHIPPING Corp of India claimed today that its general cargo ship State of Nagaland was not responsible for damaging a Sri Lankan undersea cable
- Chile to develop LNG terminal
ENAP, the state owned oil company of Chile, is planning to develop an LNG import facility by 2007 at a cost of $400-500M
- CMA CGM expands in Brazil
- Smit's Vree satisfied with results
- Royal Olympic protection extended
- Box imports cut to ease congestion
- NYK agrees Nigeria LNG deal
- James Fisher focuses on services
- Kwangyang adds four new berths
- IACS chief hits out at class bashing
- Workers reject German yard merger
- Beira in discussion frame
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| AUGUST 25, 2004 |
- Delays at Port of Montreal
Rail, labor issues hamper Canadian gateway, where record import container traffic is delaying shipments to some U.S. customers.
- Parent sale clouds Hapag IPO plans
The planned public offering of Hapag Lloyd is in doubt after a German bank said it plans to sell its share in the container carrier's parent company.
- No recession risk, says FedEx economist
- Temasek sets close for NOL offer
- N.C. Ports makes Eagar choice
- Maersk Sealand, Safmarine restructure W. Africa services
- Lufthansa Cargo to cut 480 jobs
- Horizon Lines orders 900 reefers
- UPS offers no-sign delivery
- New cold storage for Port of Seattle
- Lloyd Triestino launches intra-Med feeder
- FedEx breaks ground on N.C. facility
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| AUGUST 25, 2004 |
- Buenos Aires loses out in battle of the River Plate
Montevideo has strengthened its position as a transhipment hub for Argentine box cargo causing growing concern in Buenos Aires.
- Strong demand supercharges CSCL interim profits
A 33.6% increase in volumes in the first half of 2004 saw Hong Kong-listed China Shipping Container Lines (CSCL) post a 290.3% increase in interim net profits to RMB1.52billion (US$184.42million).
- Gathering momentum could restart charter market
- Lloyd Triestino launches Black Sea/Med link
- SITC orders vessels from Japanese yard
- Gwangyang's new berths to be operational next month
- Brisbane reaches expansion landmark
- Sinotrans shows strong interim profits
- Horizon orders another 900 reefers
- Korean seafarers and shipowners reach agreement
- Geest strengthens management team
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| AUGUST 25, 2004 |
- LauritzenCool opens in Chile
Reefer giant shifts SouthAm chartering from Stockholm to Santiago.
- More gas for Varun
Indian owner adds another LPG carrier to fleet.
- Eidsiva rocks and rolls
Insatiable demand for car carriers continues to boost profits.
- French tax windfall
Brostrom gets to keep $24m in taxes. And Lennart Simonsson is talking takeovers.
- Marine services serve Fisher well
Tankers take second place to support businesses at UK shipping group as it builds profit in first half.
- Akbasoglu goes east for expansion
It's a first for Turkey, as owner picks up tanker from China.
- Farstad far from profit
Norwegian owner hit by continuing weakness in North Sea offshore market.
- Petrobras poised for kick-off
Oil giant's Transpetro unit ready to call for bids to build 22 tankers in big fleet renewal.
- Hyundai launches $86m bond
Free of debt-restructuring shackles, Korean owner taps capital markets.
- DOF confirms Aker option
Platform supply ship to be built at Brattvaag for delivery in 2005.
- Smit lifts half-year numbers
Wreck removal proves lucrative for Dutch salvor, but full-year still expected to be down on 2003.
- NYK confirms Nigeria LNG deal
First among Japanese owners to secure exclusive LNG transportation deal from foreign company.
- TEN sells Toula Z
Tsakos Energy Navigation sells aframax at hefty profit as it confirms order at Sumitomo.
- TOP reaches halfway
Newly listed Greek owner has now taken delivery of five of the ten ships bought from Sovcomflot.
- Sailor falls to death
Taiwanese panamax bulker Far Eastern Silo suffers crewmember fatality off US Pacific coast.
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| AUGUST 25, 2004 |
- Class action complaints filed against CP Ships
- NYK expands LNG transport from Nigeria
- TSA evaluates explosives detection equipment for air cargo
- Latin American airlines pick IES software to file air manifests
- FMC reviews 12 OTI applications, revokes 7 licenses
- Kuehne + Nagel continues China expansion
- Fletcher takes command of SDDC
- Red Cross launches relief flights to Sudan
- Vastera names Lovett VP marketing
- Panama Canal considers on-deck $40-per-TEU fee
- SDDC names Anchorage strategic seaport
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| AUGUST 25, 2004 |
- Broström reports strong second quarter – tonnage tax lifts result
Swedish tanker specialist Broström reports a SEK 89.9 million (EUR 9.8 million) pre-tax profit for the second quarter, up ...
- Growing optimism at Norwegian yards
Norwegian yards secured orders worth NOK 3.8 billion (EUR 458.7 million) for 29 vessels during the first seven months of ...
- Personnel on Norwegian navy vessel gets children with deformities
Personnel serving on the Royal Norwegian Navy MTB "Kvikk" has later had children born with deformities, and 15 serving specialists ...
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